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<br /> Firiit�r Bank,Natlonal Auoc�a�on.Orrwaha.Nebraeka _ ar B�n�Nckry:
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<br /> ,Y.�;�:•�J'�•�. That Truator irr+evocabty grants,tranafera and aasigns to Truatee in true�wlth po�rer ot sale,tNs tollo�rinp drac►fbed _
<br /> ,�. $�x,. �._
<br /> � property: �ts Si.xteen (16) and Seventeen (172 � Eagle Subdivisioa,
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<br /> . ,, �;:�(, ; � together wittf all interest which T�ustor now has or may hereatte�acquire in and to said property and In and to:(a)ail i
<br /> eaaemerns and rights at way appudenant thereto;(b)att te�ements,hereditamente.buitd(ng0.st►ucturea,improvemerits. �
<br /> flxtures,equipment,tumishings and appurtenances now or hereatter placed thereon;(c�all ieasehold estate,�ipht titte�
<br /> � ' �'�'":,I„. andintereatofTrustoTinandLoalile�sesorsubleasesthereotoranyportionthereofnoworheregfterexiatinporeMered
<br /> - � into,andallrlght,dUe,andinterestctTrustarthereurtd�r,Includi�g,withoutlimltaUon,aliceahoraecuritydepoaitm►advance
<br /> ` •.s;:; rentais,and deposib or payments of similar nature.and(d)all rnineral.oll.gas�ights artd proflta.water,water righte,and
<br /> �� � � � water stock.T�ustar agraos to execute and deliver,hom time to time.such tuRher instruments as may be requested by �
<br /> � Beneficiary irt 4orm and subatence sadsfactory to Beneflciary to conflnn the lien ot thia Deed ot Trust on any of the
<br />___. . atoremenUoned property.The proparty so conveyed to Truste�hereurtder is hereinafter refer�ed to as"twch property".
<br /> �'�,�.,. � TheTrustorabsolutetyandl�revocablygrants,lransfersandassignstoBeneflciarythe�ents.income.issues,andproflta �
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<br /> at all property cove�ed by thls Dsed ot Truat
<br /> � FOR TH�PURPOSE OF 5ECUF1iN�a:
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<br /> '�.�;: �;;'�` 1. Payment of fhe prinCipnl Bum qt Nine thousand and no/lOQ---------- ----- '
<br /> ',r:::.'.';; ' • ---- -(59.000.00) Dollars------------ -
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<br /> '';:i���' ..�> �;;� , evidencedbythecertainpromissorynotedatedofevendateherewfth(hereinaiter►eferredtoasthe"PromissoryNote'�
<br /> � �����{� SUA0X10L' Bui�ldincr 8Rt1 Sl1UALY. IIIC
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<br /> � tn satd amount and p�►yable to the order of Beneflctary maturing on June 9. 1995 �
<br /> . ;��j;°t� � . �� , together with interest thareon, late cha�ges,an�p�epayment bonuses accord:ng to the terms of the Promissory Note
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<br /> and all re�ewais,exte�siona,and modiflcations Yhereof.
<br /> ` � 2. Performance,discharge of and campiisnce wtth every obligatlon,covenant and agreement of Trustor incorporated by
<br /> � � ' ' raference or contsined herein or in any other aecurity agreement or deed of trust at eny time given to secure any
<br /> ,:`'j: .. � indebtedness hereby secured.or any part the�eof. .
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<br /> \�� r''� .. 3. PaymeM of aU tees and Charges of Bene�ciary or Trustee,whether or not sat forth herein. I
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<br /> ' ' �,����'� TO PROZECT THE SECURiN OF THIS DEED OF TRUST,TFiUSTOR COVE(dANTS:
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<br /> �����'�' ' � TITLE:Yhat it Is tawtutly seizeci and possessed of a good and fndefeasi�le titie and estate to all ot such property in fee
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<br /> �r •�•• � simple iree irom any prio�Ilen or encumbrance,has good right and iawtui author{ty to convey the same,and will forever
<br /> warrant and defend tha title thereto egainst the claims and demands of alt persons whosoever,that it witt,at its expense.
<br /> � 15' ;.;;.;�. maintain and preserve the ilen of thb3 Deed of Trust es a first and paramount tien upan such property. �
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<br /> r� MAINTENANCE To keap suc0�property in good condiUon end�epair,to comptete or�estore promp3ty and in good artd i�
<br /> � ���:'•;: �,; � wo►icmanlike manner any building which may be constructed. damaged or destroyed thereon and to pay,when du�.ait ;
<br /> ;�3'' � ctaimsfortabarperformedandtr�atefialafurnishedthereforeandioranysitera�onsthc,reottocomplywiththeproviafons i
<br /> `_' : � of aii insurance poticies covering said premises,to compiy wi2�h ail lawe,ordinanaes.regutaUons,covenants.condttions �
<br /> �� and�estrtaYions aHecting such prap�rty:not to remove,decnofrsP�or materialty aiter any buflding,orthe character or use
<br /> ;. ���� thereotat any time thereon;nott�drill or extract nor to permit the drlliing tar or extraction of oit,gas or other hydrocafion i
<br /> substances.wateror any minoral of any kind unle�thew�itten consent of�neficiary is had and obtalned:�otto commitor �
<br /> 1 ' �.....sem�we.ddn.onune�le�nnnn��r.hnrnnmrlvinvinlnhnnnllnnr4ndnnlinthorneelslnafFmdvandnrtfnarenartn9r
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<br /> � � �, which trcm the charecter or use ot�uch pruperry may be reascanably necessary to protect and preserve said security.the �
<br /> '` speciflc enumerattons herein not excfuding the generai.
<br /> � ! CONSTFiUCT10N OF IMPROVEMENTS:To completein good and workvnanlike manner any bullding ar improvementor ;
<br /> '� repaEr�elatirtg theretc which may be begun on such p�opartyor contemplated bythe loan secured hereby.to pay when due
<br /> � �� allcostsandltabilitiesincunedthErefore.andnottopermitanyrnechanic'sllenagainatsuchp�operry.Trustoralsoegreea
<br /> ' anything in this Deed of Trust to the contrary notwithstendin g;(a�to promp8y commence work and to complet�e the
<br /> � _. proposed improvements promptly,(b)to complete same in accordance with ptans and specNicaUons as epproved by
<br /> �� �� 8e�e�ciery.(c)tocompfywiMallofthetermaofanybuiidingloanagreementbetweenTrustorartdBeneflciary.thetermsof
<br /> � which are inaorporated herein by roterence to the same extent as if tuliy set torth horein and made a part of this Oeed of ,
<br /> T�ust,(d)ta aliow 8eneficlary to Inspect such propeKy at ali times dudng ConstrucNon,and(e)to replace any work or .
<br /> material�unsntiatactory to Benefictary.within flt4een(1S)days aiter wdtten notice hom Beneticiary ot such tact.whMch i
<br /> notico may be given to Trustor by regfstered or certltied maii,sent to his tast known address,or by personal service of the �
<br /> • ' sart�o. �
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