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<br /> �{.� � �� ��� ��,�.�.��'��c� � �, . ' � ���� -
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<br /> �4 �� � �� ` � � �oa� ,�R��s. ar�c. ;:�=� � __.
<br /> k ;• � t ; TH15 DEED OF 7R!!STls made tRls.._.��day of �U�.. �.A�.1A�4..by end Deirsreen . + t , o -
<br /> ,� . �. ' WIIB1JIBlC719Orf1I0f8�(ll91��RQ�C8I181��di��Tf11SMl'Jr . � '.'�`7�vT.?i -
<br /> r►ii■ v r Jni�s� n� i�..�a T...tnw.� 1 Ana . ._ - _ -s h�` �
<br /> whase mafllag eddrass Is� •-�b.� �' -��- -
<br /> t"` • . I+JOAWEST 8�lMK �ere/n��r�ted "Trustee'.j whose malling sddre5s fs ; -.'•�.'� � £w�:;� -
<br /> . ., a n N B ,a 1 t�N D A t M1(�S TB A N K a saekca. Piatioaa�socuiLlon �(�re/neRe► ,�x f • 't
<br /> �. callE�tfia"Bsna�'sfary"!.evhase mafllrrg eddress is n� rs ��.8 e• G sxtd'Is +►II � . ' .
<br /> .,. � ,
<br /> ,: .:: ,. . � - w�rnrESSEr� �� _ .
<br /> ' �.� !F THIS 80XlS CHECKEQ( , j TFI�S QEED OF TRU5T CONST/MFS A CONSTRUCT/ON ,,;` �
<br /> 5 ` SECURIIY AGREEMFNT UND£ATPIE MEBRASKA CQ,NSTRUCTlON tlEN ACT AND CREATES, ,
<br /> ;` ,.�; ` GRANTSANDCONSYITlRESACONSTRUCTfOtI�SECUR/TY�MEREStIIUTHEPROP�'ATY ` � ' � � • � -
<br /> �. � . DESCR/BEDNEAFJNBF1atAr `µ} �� :�,`.`� • .• ;�
<br />-- : � '��...::_ :. . , WH�AEAS.Trsrsior�s�»de6f�d to @ene6cfaryln the pdnotpal sum of THO AND NO 100--------- . . � ,.
<br /> Auaust ,19 .(herei»aftet � ,., �•:':`�
<br /> - �`` : ppU�($40�a.00Q_00 J,���debtadaess fs evidenc�ad by Ta�siofs pramtssory nofe dafed ,, .;� _
<br /> _ , °� ' calfed ths"Nate'j,P�la to b're o,rder al Beneflclary and AaNng a msturity of August 1Q � 1999 . �..� ,. ': .�:..�u
<br /> ��•. � • '• `� ;� . NOVfl.THEREF�6t�forthe purQesoof ser,�nfirg: . ' , , 9
<br /> :,.,.
<br /> '�,�.' '`'`''' ,' f$1 PaYmer�tof tlra h'ota.,,wgeUrer wdd�Inter+est therean.laie charges.�rrEF�it�am penal�es,a»y futwe asvances,and af1 exte»sion� , y , ___
<br /> , _ _ rnbdi6Catiofls.St/bstitr�7ra'8ntf teAewB/s iheteof, � .�e_.
<br /> �, • (b) paymernaf a11 otfiersums,fees orc�frarges,togathar wiPPf ir+terest thereon,advarrced m profect the rc-cun3y of fhis�c-c-d ot trust�rd � y
<br /> ���::, _ `�`�' the perf��nance of the aovena�s and agreemer►is ofTiustor,wlrether or not sei forth ters:i» • � �'2`, ., -"- ,
<br /> (c) performanc9,discharge of and campliance�vith every term,cover►ant,obGgatlon and Fgrsemerrt af Tr�stor cortalned he�eln a� ��,�,,f'�t' ;` y
<br /> ,;•::-. tecrnpo�ated byreference or any atharsecu�iry irutrumeMat anyrdme give,�to set�ae Gha fVoie,an� ` ' _-
<br /> ` �,A F'y-:::,:, . ':L,::;�..::..:..
<br /> �, , _ , fd) the repayment of a!f othersums ar hrture advances,with Inte�est thereon,which may keretofwe have�en or hereafte�be advanced �€Q, ` `''
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<br /> • � �'� ' D Beneflct to TnrstarorTrr�rs sucCessor Tn inierest or�e, • �,'i �,;� ~ < -� ,
<br /> - -.� _ *-i,.]A :� _,_._..__'_._____�__._.___'_�_._ _'_._._'._'_ .
<br /> t � � � ,< a11�r�'rC�h Is hereinaR'sr collec�.�:�e�the'7nd bfed�ness°,Tius�OrTirevcca�!"y�r�lt��•tt vansferstar�Trastee;in�WIfH P�WER-...--- �(�`i¢ ,--.-`�-:-��' 4 �.-
<br /> -/-z''� � OFS,�'�d�,�liefollowrlrigdescri6edl���Y' '���?`t, ' - �
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<br /> ,.-. ',�;,, � • ' , SEE A1°fACHED EBHIBITi "1�" ' �
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<br /> t?�' • l: .:,�.�?`.,; tog��r�irtlt n a'f Crz1�-gS,s7���as.addiilons.enlargemerns,mcdffrc����•�.�ernants,zrrd improvements n�w orhet�4�r f'� ' ,
<br /> �.,;.�., ,� ,.. _;;;',, focat�tt�ean,��c��rr.^.;r�raachTnery and fixtures(rnc/uding.witlraar��'an a7��'-'�'n9,he�r►:9'=c�nti/ating,caoling.afr ' � '�� .
<br /> T; � . : i cond:�t:�..'srg,�sprir.:�'.n;�arrJFtc.rsG7Lqfixtrires.waterand powersystems,t-r:�r.+�.,.�,[�oi/er�'r�rges.ovens,drshwashers,mir�urs andr.r�is, � .__. _
<br /> ,..:•;:�... - . „ carp��iunaces,off burqers,�ato�s and motors,refitgerat�r•r�lants or units.comm�-l�»systems.dynamos,trans`armers,elecL ical ,r<;'; i� . ` -
<br /> '�'�'- : equlp�r�storm end screen rvrrrd�ws.doors,awnings and shaG.�:�now or herea/ter attach�l ro,or 6uflt!n,any buflding w improvement �?��.;f�.. -:.�< <
<br /> � � ' now a hereafter/ocaie d t hereon,(iTi)a 1 1 essemen t s arr d d g A t s c�s s a y a p p u�t e n a n i t h e r e t o,(i v�a ll Iea s ehold esTate,d g h�titte and tni�e►est o! � � �
<br /> � • �°° Tiustcr tn and to atlleases,whether now or hereafter exlsSng or entered into(lnctuding,without ItmitaLon,al!cash and security daposits ' . � -�';�•:�^ '
<br /> `::..:;
<br /> - _ _. ____�__, ___ advance renials and deposits or pt►yments at a simliar natura),penalning thereto,(v)all rents,issues,pro�its and income Urerefrom(subjeci • �, _., .
<br /> ' to the right of Trusto�to coilect and appty such rents,Issues,pmTits and income ss they become due and payabla sa�long as no e�rerrt ot -. ���- . -�����t�
<br /> - � dafauli eaoists he�aunde�j,(v�sli royatdes,mtneral,oil and gas rights and pmfits,water.water BgMs,and watei stock,(w7)ail tenemenis, ' `f•• .. c
<br /> • - • . hereditamenfs,prinlleges and sppuKenances be/onging,used or enjayed In connect/on lherewitl►,and(vU!}atl proceeds of conversfan, • • '
<br /> , ' ' � ' val�ntary orinvNu�►,ot any of tAe lorego/ng inm cash or/iguTdated ctalms(inc/uding,without IlmftaUon,proceeds ot Insurance and� _ • • ,r.,:����
<br /> t'....� ,•., `, condemnaUon axrards).aif of►vhlch/s herefnafter coflectively calfad the°Trust Properry..: , -- =, •4�':�
<br /> TO PROTECT THE SECURr1Y OF THIS DEED OF 7RlJST,TRUSTOR CaViENANTS AND AGREES AS FOLLOWS: , ;'-�;`"_ � =�
<br /> . � . ' 1. TfBe.Trostor covenartts,wanants and agrees KdU�BenefrcJary,its successo►s and asslgns,that Tiustor owns the Trust PropeRy lrea , ';=:� , �'�
<br /> ` � fiom arry prior lien m encumbrartce,that thls Deed of Trustls and wIU remain a valld and enfarceable fi�si Iien on the 7rost Property. . �`•►
<br /> `•::� U►at Trustor.$tlts expanse,w10 presenre suc!►tftle and wlll matntafi thls beed of Tiust es e Brst and paramount lien upon tha 7rust . �f.
<br /> _ .•�-s=:r:� ..- -- -- - Fpoperty and w!U forever ovarrsnf and defead the validiry end pdoriry of the lien hereof agatnst the claims of aU pe�ns end paties ,'.: .. .. . . . _.--
<br /> � ^"?`�� � � � • tqr?scrosaeve�'Trt�stor,at its expense,will cau'se thls Oeed of Trus�end each amendmeni a supplem�nt hereto,to[��iied and �� -
<br /> `� recorded as a mongage ot the Trust Propeity in such marrqer and in such p/ace and wlll take such action es In the opinlan of Trustee �'r .. • ` , . , _
<br /> � �: � ' may be requl�ed by sny present o�fotu�e law/n orrte�fo pefec�maint^�in artd pmteci the lien of thts Deed of Trust as the same rrray <<;':', , ' ,�•:.��., •�•�`:`
<br /> ��• � be amended ar supp/emented fiom tfine ro time.Trr�sroi uv��!r.raks such fvrthe►assurar►ce o�assuiances to pedect its tlUe to tha Trrist p , : --
<br /> '` ',•> f�rDpeRy as may be required�y Beneficiary.Tiustor heretsy reUnqulshes a/l�Ight of dc��er and homestead In artd to the Tiust Prcperty. k'���� � . '':�
<br /> . . . ,.-. �.
<br /> •., . 2: P2��mrertt o!lndebfedness.trusta shali punctualty pay tl:e�ri�rcipal o!an d lnterest or�U�Indeb i a dness secured hereby. �``'�` .
<br /> , 3 Co»struc�orcQd fmprovemer2s.'Trr�sto�shall complete in good snd warkmanlike manrrer a►ry b�ildings,improvements or repsfis r��'rr� �t������ ' ` , . _
<br /> therero vrhl�r rrr.ay be begon on the Tiust Piaperiy or coniemplated by the/oan evidenced by the Note secured hereby,to pay v�ira? � t , .
<br /> due s/1 casis ar�1labiliGas Jncorred therefore,end not to permft any Consbuctlon llen aga/nst such Tiust Properry.ln the event }=;.� • �
<br /> . . constructlon of build/ngs,im�rovemenis or repalrs are contemplated,trustor e/sa agr2es,anyUrfng ln thls Deed ai Trust to the conbary ' ';,°.; •
<br /> _ _ �� : noiwithstAnding;(�to prcrrr�Cry commence any such wnnk and ro complefe the prc�nd/mprovements prompL;�(b)to complete the �' ''.-i��
<br /> - " ' same In Sccordance with tlre plans and speci�rcations a;a e�proved by Beneflclary,(eJ Efl comply vdth a!I the terms of a building foarr '�;�,�t . . '
<br /> '" � - - " ag�eemertt,if eny,beiween Trustor and Berreficlery,the terms ol which are tncapor��sd heretn by reference and made a part t�reol. ' '� :
<br /> . .. � • un�sati�slac c y�to Be�clary w thin N/teen(f�d}rs alter written�-e from 8ene�cfary ofeauch f ct e�y work or matedaG3 ' ��. • • .•' .
<br /> ' �; .,;..
<br /> ' . ' ' 4. Funds foi Peyment of Charges.SubJect to eppiicable law or to a wiilten walver by L�sneficlary,Tiustor sha11 pay rn Beneflr,lary on tPra �:�'��
<br /> . • � B►st day of each monM,o�such ofhe�date each month as may be specffied by Ber.e!iclery,u�b!the lndebtedne:s is psld!n full,a sym i ' � _ , ;
<br /> . _. � ._ (herelnafter callad ths"Funds')epual to 1/f2th of the yea�ly laxes end essessments which may attaln priorify ovsr this QBed ol Trust ,
<br /> . end gnound►ents on the TiLSt Propsrty4 il any,plus lif2th ot the yearly premlum Installments foi hazerd lnsurance,plus 1�12th of the l . .
<br /> ' � � remlum/nstaf/ments for mo a e fnsurance,tl an ,all as reasonabty vstlmated lnt�alty snd from Ume to dme by Benelictary on I. • . .
<br /> � Ys�Y p n9 9 Y .
<br /> - �...' . '�'- - • Ute besls af assessments and b1!!s and►easonable esbmates thereof.The Funds shall be hald ln an lRStltution,the deposits or F • ,
<br /> • accounts of whicA ar�lnsured or gaaianteed by a tedetal or state agerrcy inc/udirtg 8eneflclary.8eneficiary shail appty the Funds fo s :. • . _
<br /> :� _ �y _ ' pay sald taxes,asSessmenls,lnswance p�miums and ground ients.Beneficiary shaU not be requlred to pay Trusta airy lnte►est or : _ ..
<br /> .�. �:•-. • .`. eamings an rAe Funds.Berreficiary shall g/ve to Tie�stor,.v�lthout charge,en annusJ eccountlng of the Funds showing credits and � • �
<br /> i � ��" � deDits to the Funds arrd Nra purpase!or whlch each debit to the Fands wes made.7rie Funds ere p/edged as addiUonal securiry fa {
<br /> :i' f• the/ndebfadnass secured Dy th/s Oaed of trost.lf the smount of the Funds hefd by�Berteflclary,tagefher witl►Me future monthty ` ' .
<br /> i =• • fnstalLnents ol f}rnes payeble pdor to the due datas of laxes,essessmants.insurance premiums and ground ra�s,shalt exceed ttrs � :
<br /> • -' �'•- -- .'� - amount requlred to pay sald taxes.assessmerrts,lnsurence pramiums and ground rent�es they fall due,such excess shallDe,at � �
<br /> � • ' Tiustcrs opUQn,elther promptly repald b Tiustoi or credifed to Tiusro�against future monthty insCallments of Funds.!f tAe emount ot '• • ;
<br /> • ; • • ths Funds held by Berteticiary shelt not 6e su�clent ro pay taaces,assessmenis,insmance prem/ums and ground�e�►is as they tal►due, ? ".
<br /> 2 • . Trustaf shall pay to BeneSclary any amount necessery to malce up the deficlency within thiriy d�ys Irom the date noGCe is maifed by ;• •
<br /> _ :y �' • ' Beneflclary to Tiustor�equesdng paymeM�hereof.Upon paymeniln hrli o1 a/l Irtdebtedness,Beneficfary shall proMpUy refurtd to ; ,
<br /> ,,�<, ' , , `. � Trustar any Funds hefd by 8eneffclvy.It the trerst Prope�ty is soto under the power af sate or d►e Trost Prop.erry is otherwise acqul�ed ' . . ��
<br /> '. •- =°-� - • � b�8sneficlar�,Benef�ctary shalt epply.fmmediatelX prior to th9 Saf9 of M9 TruSt Prope►ty a its acqulsibon by Benef�clary,any Funds� •
<br /> ___..__..
<br /> • • held Dy Berteficiary at th,�brtre o!appliasW�n as�credit agalnst the fndeDtednes�U Beneficfary executes a wiiften cva;ver of Tiustor's --"�- - - .-- -
<br /> ,� �� � ..� obll�atlons trnder ihls paragraph 4,Trus!or cov+enants and egreAS to pay.befvre th9 seme become delinquent afl taxes,assessments. ;. ,
<br /> • � � � � ntCr:�9�urc3Las�HecruAOOnY) � , . ' � ..
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