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<br />- - --.•,;:•.•,:,:.:..�:.... '` IF TH/SBOX 1S CHfCf4ED jSS 11HIS DEED OFTRUST CON�St/TUTES a C@NSTAtlC7lON ��' � � r;�, ,,•'
<br /> 'i��= SECUA/1YAGREEME161TWiiDFRTfdENEBRASi�CONSTRUCTlONlIENACTANDGRE�4�ES� £•_ , r
<br /> �:`�� 'F`":=�'��",F�;;�:�;-" (�FAMSAt�IOL'OMSifT�JTESaCONS77RtIL`TlONSECURIN/AiIERfSTlN7H�PRePEATY ` - - "��
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<br /> ' ' �!Gv:.: DESCRIBFOHEHFtP18�4W. �q THOIISAND ANA NO/IOQ � �iz�'
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<br /> ,1 WDIEREAS�.�7�rt�ts�ta�r�Indebied to Ber,�
<br /> `: , , � • .:. . Uollc�ss(S.�l�S1!!l�J.csfifcb fic�debiednessis eviQerrced�Sy7rustor's promtssoryrtofe dated . �
<br /> _ • w Ce1l�dPAB"NOte').p8y�letothemderof8en�fiCiEryen�havingacnadmipot�tb�'� �n, 199�i a, 17�1� , .. ��
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<br /> ;:< < ,�� - ,°, � � !a!Pay+r�2ntof Nra Noi�to9etlrPr�riVi ir�&erast thereun.fate charges,prepaym�ntpena�i2s.anY future advt�ntes andaD e�ctensto� � s,:
<br /> .t` � ;'t:.•'� .�r. /170�ITJC�OASs Sll�C71R clritl p@fIL'V/3/31�IB� ' -
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<br /> =�;,tk" ,`:. . . `,,:�`` lb1 Fa1R��of�1 othEr sums.fe�s or charges,�ogeUr.�r wi�lrr�eer�st tRa�earr.�dvturaett to pratsct tAa securliy af ihrs O�ed of Tiust and ;:_. . . ..,;W.,. . . °
<br /> . .: .�'.;:•�'� tFrapartarm�eoftRSOavenaniaendagreenJe�safTrusiar,vrfielherornotsetfohhharefn, -.:���";,, •:.•' ,�.
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<br /> ��:�:':4;.:,;:;'.;�;.':.'y`�;;'; !c)Perlamrarrce.�r�AeBa of an�campdance ivdli every term,covarrar�o b l i�a tion en d a g�e e r n e n t o f T r u�a�c n r r t a i n a 0 h a r e i n a r ,�� �,{,.,..., ��
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<br /> � :_, . -, .�'�� - -- - C!r er�tofote v�b f�reafle beadvarrce� ---��--�— � .
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<br /> . ' (d1 tha rePaymeiii ot aborhersuiv,s a t�iturs advsnce:.g w�ii mt�restme�on,�w1u mayh ha ec�izr r ,< . ,�;� , r�
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<br /> � ..r � .��5:°�..�:� byBenefrciary to Trus7ororTruslo�s suacessarin fnierestorLtle. :. . .: ; ��" ,
<br /> , a!!of�vh�Cti Js irareinaftercoOecSvety cailed tha°In�ebiedness':7rostar irrewcabfy g�&r�ts and bensfe�s m Tir�stseE,iii Ws;;WlTH P�WER . . r;:' '"�``: .�`� ;
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<br /> .: , ��;���, OF SAL�tAa f ollo�v f ng descri be d prop e r l y: ' r >: ,`' xr fi�1
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<br /> '�Y•: ; • . ``'�`;�r•f � yot T�enty One (21), Jeffrey Oaks Subdivieion to t�ie City of Grand Island, '.; ' • ��` ` �:�`�
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<br /> '�'%"����SM7?�' . �� �.eeldi�ons enlar ements.rr�d'�rcatiorts,repairs rep7at�r��ts.and imyrovemenfsnn��r hereafter.' . '�`{ri z'���,�ti rG��. '.. � �
<br /> ; , ,tiF,�;f��+.�. . togeUre�wffb()8If burld�ngs.strtrc�ir�, 9
<br /> � ,'��._,:�;r,�t,.. .': focated the�eon.�1 al!equipme�rt rEr�fsiir��!and�ixturies pnctr�ding.vnthauf Crmitatron,a11 ltgJstfrig;;li�a�ng,ven��ting,cool�ng:gfi <<i;%4��3.n';��ii y!.:;�_.;` �.
<br /> .;'� f..:,,;,�;�: y::�g�� . oondifioning.spdnld/ng and plumbing�!�u�tr�and poviersystams.englnes.irailers,ranges.ovens.dish�x;�s'�e�s.mi►rors and manie/s� :y,,,`,�t�:�•j.;,:,,;z°�� . .
<br /> . ,; 4��1 . carpeL�rtg,fumaces oit bumerw efevari����9 m�Y�ia.►�fge�aUon plants or units.cammunica�on systems,dy,ri�nas.Oranslormers,elecbical.._ ��� � � ,; •'.
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<br /> �, , ���`�. eq�aipm¢nt>starm avrd scraen window3;a6�.trs,2dmrrtg�at�d shades)now ot hareaRar aitachad to,or built in,any�buildi�g or imp�uvemenY •• ''°i<L��F ��t` .;�
<br /> ,; ' • x'y r,t;': •_� rtpsyor ftsreafte�lorated thereon,(i�.�:i�ements and rights of wB�apAurtenani thereto,('ni),atl leasetto/d est&fe,dgM.tit/e a.'�d lnterest pf" �.;, I S�y�
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<br /> � ;,,�`,��:;:_:. Tnrsror!n and to alI/eases,whether rc.�+r�axhereafter exlsting or errt��d��fo(ncfuding,witlrout lr7nit8ffon,all cash and secuntg�deposits ', ,,,1?�j{5;t}�,�,r.,;,,;�Y�,
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<br /> '; , ', .;;�,-�,�,:.: , advance rentals and deposits or pay�:.��s�of a stmilarnaturel.Perf�*cisy iirerato.(v,a all rents,issues.Profrts and incoms thereira�m(subj8ci .'.:'::,;•,`�;a� ,ir..,,. r��;'� .
<br /> •�� to Ns right a Trustor to coJlect ana spplysuaA rents,issues,profrts and►rtcome as rfra��become due and payabla solong as an event ot {�;� �} l�' ; ,
<br /> • ] ` �� default exists herer�nder),(�R}�3 myalbes,mirteral,oil and gas rfghts and profrts,c�v�1�r,.►vater rights,and watar atock,(vin a1f tenement�, � �� .,'.-. :
<br /> � r,'r �.;:;�?,�r.,, � hereditaments,privileges��,.nier,ances belonging,used or enjoyed In connectf�n therewith,and(viri)all pmcesds of conversion, • `;;,;��ti`.:•,.,:;A�;:: •�'
<br /> � � � `": ��:::;�?:;;:;�,�.•�y �, volun orinvalun '' gintocast�otli uidatedc/alms(includin ,wfthoutlimitaL�on, roceedsofinsurancesrid ° %�•��1*•. ����.-,=��`�
<br /> ta/Y tarY.ofait'�+,f�,��Cin 4 9 P ,:i+;��+,:> ''�i ,�
<br /> �.,.;; ,r<.:•.,�,..,lr„ condemnatian awerds).all ot wh,fttr.{rsl;��ai�after collectivety called tBa"Tiusi Property.. ; ;', <��..`,.::r;�•�H,,; ��
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<br /> ,«Ey;}�s.:•:c;.;• TOPROTECTTHESECUAI7YQ�F9?iaJ� '1�E�AOFTI.tii'ST,TRUStORCOVFNANTSANDA6f�'.C�-xd?aFOliOWS: ,;;, r�
<br /> • •;:?�:�;:`� ,S �' 1. TNe.Trustorcovenants.war�^�s�.���agre�►i�ftfBeneHclary,itssuccesso�sandassig�r�,�����'�ii;�r�,mastheTrustPiopertyfree . .:s.<.;�:-'•;
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<br /> . from a�ry pdflrlisn orencumbr�n�Uiaithis�af Tnrst is and will remafn a valid and e^��iy�7a�t'ii��tlerr�n the Trust PropeRy, �;;;.•��•1
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<br /> � � . that Trusta,at fts expense,rsri.��!'�'>"�°rve s►rch 6fte and will maJntain this�ee0 of Trust ss a.f��Q�a��rr�umst lien upon the Trusi ;":��;.,'•.•.,:;;;:����_
<br /> � :Y!:�'�s`:• ' Prnperry and wi!!forever warr�;�f;d,defend the valid' and pruri of thelien hereof s �rr..tti�re claims ifa;J ersons snd aRies ,<i"r,;,:'°,';.' ;',<4�'\.��
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<br /> ' ' ''`"'��`' wira�risCever.Trustor,at its���ncr�:wlll caase this Desd ctTiu�t and each smendmertt a�supp/emeni herefo,ro ba 6.'�d arid � ' `f- �
<br /> �� "'':�'��'i:�' `t ';�;��;:�.:�-''j�.,..
<br /> �;;:Y�,;:::�; recorded as a martgage ot:7se�T:u�Property in such marrrterand!n such place and will take such acbon as In ihe apirnrsn of t�uatee f. � �,�;-
<br /> � . ` may be requirEd ls;��%,�,�r�S�t Lf lutu�e law In ordei fo peAect,malntaJ�and protect tha lien of thTs Deed of Tius�as!!!e same may� `� - ��:`�'� �
<br /> - be amendad or suA,�'i�r�^ted�om time to time.Tiustor wil�make such fuither assu�ance or assurances to pedect lts btte to the Tiust � �.
<br /> . '�' � ,• •• Property as may r,�s���lred by Benerciary.Trustor he�eby reJlnqulshes alf right of dowe�and homestead In and to the Tiust Property. [ ;}':'
<br /> � �, , ' � 2. Payment ol/ndebtedness,fr�r:rf:e'Shal1 unctuali a the rincl a!ot and rnreresf on the/ndebiedness secured hereb . + �� �;'
<br /> P YP Y P P y .i:" �:i .
<br /> 3 Consbuction ollmprovemert"�.7.'ni�stl�r shail compfetein good and v�orkmanlike manner erry buildings,imp�ovements or ispairs rela6ng f t��-;'•'� .� °,�
<br /> I: .t,�f4�;.!:!_ �
<br /> ' � thereto wrhich may be begvrr ort r�i�`Trust Praperly or contemplated by the loan evJdertced by the IVOte secured he�eby,to pay when r; • �•.
<br /> ;� ' due al!costs artd li2bi.•.�es irrcrCr���Aeretr�:eutd not to permit any consbuction lien against such Trust Prope�t y.!n the event ;! `�'''' � ���
<br /> k ' consbuction of truid.�Mgs,impro.�^�rents cr,�p��are contemplafed,T►ustar also agrees,anything in this L*eed of Tiust fo the contrary ;; �``
<br /> �� notwithstanding;(a�co p�ron�plf�r c�*n'ner,ce o^ny such utrork and to compfete the p�oposed/mprovements pramptly,(b)to corttp/ete the j, , . •
<br /> � •.r. .:, • same in acc�vrdanoe with tPrg���s and spec�icabons as appraved by Beneticiary.(c)tc�:cmp/y w"�:h el!the terms of a�uilding loan ;; ,, :.
<br /> . "'��"� agreement,if any,Deiween Tru:tor and Benefrciary,tha[erms of which are incorporated�h�:rr•,in by reference and maCs i�psR hereof, , •��
<br /> , (d)to slfovi Beneflciary to inspec£the Tiust Pioperry af alf tlmes during construction,arrd+(i3!to replace any work o�malgrtafs ;I '- �'��'��`�:�' •�
<br /> ;I:���:.••�,•;,<;.•", ,:
<br /> :�' t unsatisfactory to Benaficiary with�»hlteen�15)days after wntten no�ce from 6ian�ficiarj!oi�sach tact. ,,_;,i.;,,,;�•
<br /> 4. Funds tor Payment of Charges.Sub�ect to applicable law or to a written�vaivorqy Ee»el:c%ary,Trusror shal!pay to Beneti�iary on the '�::'`,;..'•A'•'�i. .
<br /> '� • Brst day of eacb monfh,a such aiher date each month as may be specitied b y 6eneficiary.:unbl the Irtdebtedness is paid in fu/l,a sum i�',;;;'•����� •.
<br /> . . '�7j;; �
<br /> � (Aerelnafter called the"Funds')equal to 1!121h ot tha yeaAy taxes and assessments whic3t may atfain priority over this Deed of Trust ;�.
<br /> ,��,,s; �.
<br /> and ground rents on the Tirist PtnpERy,il any,plus 1�f2th of the yearty premium installments fa�hara�d insurance,p/us 1!12th of the ,i ,.,��,.
<br /> : yearty pnemi�m installments!o�mortgage tnsurance,if any,all as reasonabty estimated inidaNy and fi�om tlme ro oms by Bene�cia�r on ! ,
<br /> ';� :� . the bas/s of assessments and bi0s and reasonable esAmates thereof.The Funds shaf!be held in an institution,lhe depos►ts or ;� -
<br /> aCCOUnts ot whfch are lnsured or gu2ranteed by a fedeial or state agency lncluding Benefici8ry.BenefiCiary shall appty the Funds to `
<br /> • • i. : , pay sald texes,assessments,insurance premiums snd ground rents.Beneficiary shall rto!be requl�ed to pay Tiustor any interesf or �
<br /> : , e8mings on the Funds.Benet;clary shall give to Tiustor,wrthout cha�ge.8»annual accauniing of the Funds showing credfts and
<br /> :';= � . debits to the funds and the pwpose to�which each debit ro the Funds was made. The Funds are ptedgsd as add,tiortal securi�y ta „
<br /> tha fndeDtedness secured tr�l this aeed ot Tiust U the amounr of Me Funds held by Beneficlary,togethe�with the luture monthty
<br /> � i,�., • instaltments of Funds payabl9 prior to the due dates ot taxes,assessments,insurance premiums and ground renis,shall exceed the
<br /> ` 's •• ' � emount requited to pay said taxes,assessments,insv�ancg premiums and ground rents as Ihey fall due,such excess ahall be,at ;
<br /> ` ;�• �. . Trustor's opbon,eithe�prompUy iepaid to trusfor or cred�ted to Trustor against future mortth/y rnstallments of funds.H the smaunt o! ;
<br /> ' " the funds hefa Dy Benefrclary shall not be suflicrenf to pay laxes.assessments,insurartce p►emrums errd graand rents as they la/l due, �
<br /> � � Tiustor s�at/pay to Benefrc/ary sny 8mount necessary to make up the delrciency wlthtn thfrfy days from the date rto6ce�s ma�led by
<br /> � ...r___.:__._-,__,_.�:_�-:, 8ane6ciary fo TiustarreQuesting payment thereot Upon Raymen•in tu/l of aU lndebtedness,Beneliciary sltaJl prompf/y r�futtd to '
<br /> � �; Tiustor any Funds held by Benaficiary. If the trust P�operry is sold under the powe�of s�l�or the Trust Property is othen�vise acqui�ed �i� � �
<br /> . by Beaefivary,Baneficiary shall appty.immed�8tefy prrof to the sa/e of the Trust Property or its acqul5itian Dy Benefic�ary,any funds
<br /> • • Ae1d try Benel;ciery at the bme of applicatron as a cred�t against ths lndebiedness.tt Berteficiary executes a vr��nen�va,ver af T,ustar s i
<br /> � : � oDligaffons under th�s paragrapb 4,lruslor eovenanfs arrd ag�ees to pay,hefore the same become delrnquenf.all taxes.essessmenta,
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