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<br /> �, NORWEST BANK...�Tibti�8...1�At.�n�11..�ttt�cll�AL�3�au.. (1Mr�r►#Mr eal�ici fM"Tru�tN"),wl►w�a�iNr�D add�ws N
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<br />. SF�URITYAQREEML�NT UiYA�EATNEN�RASI'f���741STRUCTIONUENAC�ANDCl4FATES,
<br /> QAO1 NTS AND CON9flTi,l�1F8 A CONSTR��C�14N,5�lfWl1Y/NTER�ST fN THE PROPERTY
<br /> DESCRlBED HEREtNBELQYV.
<br /> ', WNEREAS, tor I lndebied to BeaaYClar�+in if►m pr,'nclpel swr�ot,�� FIV� THOUSAND AND NO/lOQ --
<br /> �'. D+-o'fl_aJre(s��,,+w!M�1 /��,M�y1�whtch�l�r.x/imbiomlMSS�l.aj evldenc`ed bN TR�q�td..'�s/prom}/�s^sory rrota dated Jtine LO .18�.(herelrratte�
<br /> ` 4dIOV���I�V�/�r"Jw��O�4fM�TOIB�N��I7a,WR'��A��MI.4���OI ,�J=RA711�fAT. �Q+ 1qql� .
<br /> ' NaW.THEREFCA�Ibrths purpos6�olsocurN�g:
<br /> (� Payment of th�Nafe.togeihe�wiM/ntorost thar�an.lato ch�es��:aAayment penelNes,eny firtu�e advanaes,and aU extenalons.
<br /> _ modiRcatlorts,substld�!lorrs and renewals the�»f.
<br /> (b) payment ofall o�e►sums,lees orchaerges.tagsther wtth fMamst�lrereon,edvanced�o protect tha secu�ify of this Deed of Tius!and
<br /> °�;,�• ' dro perlamance of tAe covenanfs and agr�e�m�,nts of 7rust��wtae��+ss a�ot set Mnh hareM, -
<br /> (c) perlor�narrce,dlscharg�of end compNar�oe witA en�y tam►,�verem�obltgattan end sgreemeni of 7nrstor cor+latned here/n o�
<br /> • - - .+: lr�ao�oorafad 0y refeienoe o�sny othe�seaudty lnstrum�t»t at�nylGtlei g�1en to secare N►e Nate,end
<br /> - Yr . . (dj t1e� � � ol al!ofher sums or tutur�►advances.wf4�ifaf�r+nst�;whlch may her�tofa�heve been or hereaftes be sdvenced
<br /> . ,-�r:.�`,�`� t�yr bev�e�afary+to Tiusta�or Tiusto�a suocessar ln ir�l�t or b1fa+'�
<br /> . �:3.�.
<br /> aif ad`wt�Ca'�Ps heretnaftei collecUvety caJled Me"l�cd�biodrrass".fi�torinevocably granls�r►d tia»sfe�s to Tiustee,in trus�W/TH POWFR
<br /> ` �'',.:�:+�''`•.�n.l.. . OF S�thB tfD!lOwing desc�lb@d P�P�Y•'
<br /> ��`_ � � ,�`:
<br /> '� �'�� ' '��'�'�� Lot Sixteen (16), Jef£re Oake SubdSviaion to the Cit of Grand Island, Hall Coun
<br /> ; : � y q ty. Nebraska
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<br /> i�g�.er w/th(!)afl OuUdings,8truciures.addltlpns.enlru�ements,modiTicaptor�s,repa/ra.replecementa,snd impmveme�rts now a heneaRer
<br /> ' � �� locai�d the�eon.{!!)a.9 equlpment machin�y and bxtures(laduding,wJthout 1lnriteUan,a►!(Jgh�ng,heatlng,ven8la�ng,cooling,el�
<br />_ • �;'. conOitloMng,sp�irOdurg arrd plumbing l/xtures,w�t�r end power systems,enginas,bo1lers,renges,ovens.dishwashers.mimo�s artd ma►rtels.
<br /> ` ` � ',;'���� carpsting,lumac�,oU bume�s,elavato�s ea�d rnators,�e0iigereLfon plants or unlb,commuMcaUon sysioms.dy�amos,vanslb�me�,electilcs!
<br /> '����t•,� -
<br /> ��:i,h,� eQtpf,amen�sto�m 8nd sc�oen wlndovrs.doars.arvnings and shedes)now or her+esfte�atteched to.or bullt!n,eny butlding orlmpiovement
<br /> .,• nQ��r hereafte�bcated the�eon,(Il!)efl oesemonis and dghts of wey appurtenant thereta,(!v),alNeasehald esfate,dgM,tille end/nfe�est of _,--
<br /> ''' 7'�.��nln and to eli leases,whether noa!or hareaRer exlsUng o�entared lnto Qncluding,witbout IlmftaUon,af!cesh and socurliy deposJta,
<br />. :,. '�;+�.� edv4nce renta/s end depostts of paymmms ot a stmllar nature).pertsining therato.(v)all rents.lssaes.Pranis end lncoms therefrom(sabJect �%`
<br /> . :,r,;;�'.:• �.
<br /> , �,f�1 to the�ight of Tiust�Jo co1lect and c�pply such r�e►ats,lssr�es,proNts and lncome as they become due end payable so long as no eveM ol
<br /> � ��°,.. defeult eulsts he�eu�edo�),(v!)all royattlos,mintval,otl and gas dghts and profits.weter,weter dghts,end water stock,(vi�alt tenementa,
<br /> �• ''`%`���lJ he�ditaments,pdvifeges and eppuKenances be%nging,used aen/oyedln connecG'on therewith,end(vili)all proceeds of aonverston. ""
<br /> • ir�;�.. �
<br /> �: ,•�'.,,:�r. ;:��,�•.:�}��;, vofure?ary o�lnvolunisry,of any of�faregoing fnto cash o�llguldeted clalms(Including.withotit limitatlon,proceada of lnsu►ence artd � .
<br /> ' :;,,,,:�,t• ';�?;.::.;:;,; condemnatlon ewards),a!I of wha�i 1s heretnaft�coJlecUvety calJed the"Trust Property.. 3 .'.
<br /> • . TO PR0IECT TJ�I�SECURlTY OF THl3 OEEO OF 7RUS7,TRUS70R COVFNANTS AND AOREES AS FOLLOWS:
<br /> '��;.;:�`� 1. TiCe.�iustos�mvenama,wa�ents end agreas rrlth BerieNcfary,(ts succsssora and eastgns.that Tnrsror owns the Tiust Properry fiee �
<br /> , •`•r:,�;;? bo�»eny prM�Ilen o�encumb�enoe.U,�t 47es Deed ot Tiust is aad►�ill�emsln e ve!!d end enforceab/e Brst Ilen on ihe Tiust Prope�fy,
<br /> " � U�et Tiusto�at Its expense,wtU preserve such Utle and w01 mafntaln thls Qeed of Tnrst as a Nrst snd paramount llen upai the Tiust
<br /> ptope�ly end wif!to��ve�wanent end defand the validiry and pdorlry of the llen hereot ageinst the clsims of aN persorts and pertJes
<br /> � � ', whansoavor. Ti�rsror,at Jts expense,wfU:r.ease thls Deed ot Ttist end each smendment or supplement he►eto,to De tlled and
<br /> ' ;;�Y:} rer.o�ded es a moRgage of Me Tnat Pr000�ty In such mannei snd!n such plece and wilf take suoh actlon es M the opinlon of Tiustee '
<br /> . :::;�;� may ba►equtred Dy any present o�fulwr�law!n order to perlect malntaln and protect the Ilen o/thls Dsed of Tiust,as the same may .,� .
<br /> ;��?�. , ',;;.;- be smarrdod o�supplem�nfod fiom Nrr�+to Ume.Tiustor w111 make auch/urther assurence or asaurances to pe►feet!ts tlde ro the Tiast �,„��
<br /> ! '`� Propahy es may b0 required by Ben�lldary.Tiustor hereby rellnqulshes alt dght ol dower end homesteed In and to the Tiust Praperty. •
<br /> ' • �•� 2. Peymant o1 lndebfedness.Tiust�o�shall punctualty pay the princ/psl of and lnterest on the Mdebiedness secured hereby. •<;,�
<br /> � �` 3. Co�bucdo»of lmprovem�"s.Tiu4ta�sha!!complete!n good snd workmanlike manner any buildings,lmprovements or repalrs re/atlng ,���
<br /> � ` ``�� thereto wAich may be begun on rhe Trust Property or contemplaied by d►e loen evidenved by the Note secured he�eby,ro pey when
<br />_ . � ;r i;'`; due atl cosis and ll�biqdms/racuried tharebre,end not to pennit arry const�uctlon llen agalnst such Tiust Properry.In the event .
<br /> .; � �`. co�shuqlar of buildings,Improvements or repalrs are contemplated. Tiustor stso agrees,anything In ihls Deed of Trust to the conhary
<br /> . � �`':� no,hr�ttAStsnding;(�ro p�ompUy commence eny auch work and to compfete the proposed lmprovemenis prompily,(b)to compfete the
<br /> samca In eocosd�nao►�»tPi the plans and speclh►cadons as epp►oved by 8eneficlary,(a)to compfy with alf the terms ot e bWldMg loan
<br /> . �qreemem,!/any,bewroen Tiustor and Bene/lctary,the terms of whlch are Incorporeted hereln by reference e►+d made a part hereo%
<br /> (d)ib altor�8en¢1/cfary to lnspect the Tiust Properiy at af!dmes dudng construoNon,end(e)to repiace any woik cr materis►s
<br /> un�atisfectory to�sneflciery wlthln tHteen{18)days elter w�ftten notice h�om Qenefkiary of such lact °
<br /> � -`� 4. Fuucds for Paym�i o/Charges.Sub/ect to appflcsbJe!aw or to e wrhten waiver by 8eneftciary, Tiustor shall pay to BeneNciary on the
<br /> � ':�;?;;`�:, Or�i day o!oacA momh,a such other date each month as may be speclNed by 8enefictary,untu d►e ledebtedness!s pald!n IuN,a sum � .
<br /> • • � ��;.� (h�efn�flar called the"Funds')equst to 1/121b ol the yearly texes snd assessments whlch ma y attaln pdo r K y over thls Deed of Tiust
<br /> ' ' , � �i�';�'f- arrd ground rents on the Trust Property,il arry,pfus 1/12th o/the y6edy premium/nsPallments tor hezard lnsu�ance,p/us 1 i 12th o1 the
<br /> � ��.�':��; yeany�piemlum Jnstalfinenta br mortgage inswence,!1 any,aU as ressonably estlmsted Inldalry aad/rom dme to tlme by BeneNciary on
<br /> � �� tlr�basls of�rssessments and bills and ressonable esUmates the�eof. lhe Funds shall be held!n an lnstltutian,the deposlts or �.
<br /> n����t�e ef whfeh ara lnsufed nr auarsntaad bv a fadaral er Rtata aeanr.v lneb,dJnn�annolin�n.., fianaNmm�i ehall nnn/v tha Firnda M L -
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<br /> � pey said taxes,essessmenis,tnsurance prem/ums and ground rents. Beneflciary shaq not be required to pay Tiustor any lnterest or i
<br /> t � eamings on the Fands.Benefldary shall glve M Trusta,wlthuut charge,en annual eccoun8ng ol the Funds showtng credlts and �
<br /> � deblts to the Fands and the pmpose 1or which each debit ro the Funds wes made.The Funds are pledged as addidonal secwity for
<br /> the Indebtedness secu►ed by this Deed ot Trost!t the arrrount of the Funds he/d by Bertefidary,toge�her wlth the luture monthty
<br /> lnstallments of Funds payable prfor to the due dates ot taxes.assessi»ents,lnsurartce preinfur»s and ground rents.shall exceed the �
<br /> emount ieqtrlred to pay said taxes,assessments,Insurerrce premlums and ground rents es they latt due,such excess ahall be,at I
<br /> • Tinster's op�on,etther prompdy nepa/d to Tnrsto�or credited ta Tiustor agslnst future monthly lnste!lments of Funds.U the smonnt ot '
<br /> , the Furtds held by Beneficlsry ahaU nof be sWNclent to pay texes,assessments,/nsurence premlums and grour►d rents as they fell due, �
<br /> Tiustot shatl pay M Beneflclary eny emount necossary to make up the deflGency withln thlrry days from the date noHCe Is msiled by �
<br /> BeneNclary to Tiusto�requesUng payment thereof.Upon payment!n full 01 all/ndebtedrtess,BeneNclary shalf promptty refund to �
<br /> Trusbr any Fu�ds held by Benefldary.ll the Tiust Pioperry is sold under the powor of sale or the Tivat Property fs otherwise acqulred �
<br /> by BeaeNclary,BendNdary shall epp/y,immedlately pKa►to the sale ol the Tiust Propeily orlts ecqutsltion by Beneficfery,any Funds �
<br /> � � held by Benefldery at tfre Ume of eppllcatfon es a credit agslnst the Indebtedness.f/Bene�clary executes e w►itten walver o/Trusror's
<br /> �., � obllge�ars under thta paregreph 4,Trusfo�covensnts end agrees to pay,before the seme become de!lnquent,afl taxes,assessments, 4 •
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<br /> NC 17t0�YiQ 1�8!111tOdO3R0 W W!
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