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<br /> Deed ot�rust
<br /> 9ANKS ��p �A���
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<br /> "'�`�,�',,:��,'•� 18.44..by and beriveen Vito Cei auekao and
<br /> '� T JS DESD OF TRUST!s msde th a.�.Z_�–d�y c �3l�.�.� �
<br /> ��°''i° ;�. ea Ce s ueban an i e Sao whether one or more,(herolnslter c�lled the"Tiustor'),
<br /> ` . .�.���"r} whose md!!n�ed :esa!s
<br /> �.,�; � , Q WESi' A K a r8� • at ona eaoc at on (hefeIne{�9rc l/ed the"Truste " hosemellin eddres8ls
<br /> � � � •. �. � b �� end NOAWEST DANIt �P RaAKa, Nat�onal Aseoc��t�on ,(ho olnalta
<br /> '!�'"`�'� ,;{� �''�� aaqed tAe"BaneNclary"),whose msliing eddress Is ��� �- 3rd 3t._Gxand Is�.and. NE 880�— ,
<br /> .•._ � .. - - -- —
<br /> � , , � WITNESSETN:
<br /> F' " •� fF tHIS l30X IS CHECKED(RX)THlS DEED OF TRUSt CONSTITUTES A CONSTRUCT/ON
<br /> SECURl7Y AOREEMENT UNDER THE NEBRASKA CONSTRUCT/ON UFN ACT AND CAEATES,
<br /> � • CiRANTS AND CONSTITUTES A CONSTRlICTION SECUR/TY INTER[ST/N THE PROPERTY
<br /> ' DESCR18E0 HEAElNl9FLOW.
<br /> �•• �
<br /> � WNER T $i r js indebted to BeneNciary in the pdnolpal sum o/Tlett
<br /> � • � Dollars(S �o�•o� ),whlch lAdRbfedness Is evldenced by Trusta'a p►o�Jasory note�l�fed Au 2 ,1 A� ,(here/nafter
<br /> , called the"Note'),payable to lhe order of Beneficlary and having a mattrdly a1 8auar5► � T9� ,
<br /> NOW,THEREFORF.toi the parpose of securing: • s'' . .
<br /> . «����r,1��:
<br /> (a) payment of ths Note,togethe►wllh lnterest thereon,late charges,prepaymeni pennitles,eny/uture edvancea,and sll extena�ons, s. :..4,k'
<br /> � madlNcadons,subsdtuUona and renewala thereot, � ; ; '��,
<br /> ' ' • ' (b} peyment ol ell other sama,/ees o�cha�gas,togother with Jnteresf ihereon,advanoed to proteot the securlty of thla Deed o!Trust s�rd ,�
<br /> � ' 1ha perlormance of the covenants end agreemenis of TivaMr,whethe►or noi aef fath herel», '� r"�
<br /> � (cj perlormance,dlsaharge of and compllancu wlth every term,covenant,obligadon and bgreement of Truator contalned hereln o� ,
<br /> lnaorporated by re%rence or eny oPher secu►!ry lnstrument at anytlme glven to secme the Note,and ___, '':�#, .
<br /> � (d) ths repeyment of al!ofher sums or/uture edvancea,wlth lntereat therson,whlch may heretofore have been or hereafler be advanced �
<br /> � by Beneflclary to Tiustor or Tiustor's auccessor in inierest or dNe, ���.
<br /> �1J of whJch la he�elnafte►coHeatively called the"Indebtedness",Tiustor lrrevocably grents and transle►a to Tiustee,!n hust,WITN POWER ° ' , �'
<br /> ,�'''• � � OF SALE,the bllawing desodbed properry: ���
<br /> � Lota 3� 4, and 5, Warren Second Subdivision, City of Grand Island. Hall County. Nebraska ���� .
<br /> '�� �,,.
<br /> . _�.— �'' •- �•.
<br /> togethe►wlth p)e!/bn!ldings,str�ctures,eddJdons,en/a�gementa,modiNcstlons,repelra,ieplacements,and imp�ovements now or herealter ' �� a
<br /> � located thereon,QI)ell equipmenL machlnery end Bxtuies(Includlog,wlthout Ilmltadon,sll Iighdng,heating,venUleNng,cooling,a!r ".�. Eti
<br /> • � condidoning,sprJnkling and plumbing Nxtures,waterand powersystems,engines,bolfers,ranyes,ovens,dlshweahers,mlrrors a�d mantels, „ ��' '
<br /> . ��;:'� .• carpedng,/umaces,oJl bumers,eleverois snd motora,refdgeradon plants o�units,commanlceUon systems,dynamos,benslormers,e/echical ,. �
<br /> equlpment,storm end screen wlndowa,doors,awnings and shades)now or herealter attached to,or bu11t!n,any bullding or lmprovement � �� ;
<br /> • ' now or herealter loceted theraon,(p!)all easements and dghts of way appudenant thereto.(iv),all lessehotd estate,right,UUe and Interest ol •
<br /> • Tiusto�in and ro elllvASes,whether now or herea/ter exlsdng or entered lnto(lncluding, without!!mltedon,all cash and secuiity deposits, � •}"�'l
<br /> edvance rentals end deposits or payments of a aimllar natme).penaining thereio,(v)all rents,lssues,pro/1ts and lncome therel�om(subJec! �.6�r'
<br /> to the dght of Tivator to colleci snd apply such�enta,issues,proNts end lncome as they become due snd peyeble so/ong as no event o/ � '�•` 1
<br /> � delault exlsts hereunder).(vi)al!royslBes,minere%o!I end gas rlghts snd proNts,water,water dghts,end weter atock,(vil)ell tenements, ' � ��i �
<br /> , heredltements,pdvlleges and appurtensnces belong►ng.used or enJoyed In connecaon therewan,end jv�ii)all proceeds of convera�iun, ='
<br /> voluntary or MvoJuntary,of any of the lorogofng lnto cash or llquldated clalms(Including,without!lmltation,proceeds o/insurance and � �^r�i•• ,,,
<br /> condemnaUon ewerda),a►l of whJch!s he►elnaRe►collectivaty called the"Tiust Piope�ly". � ��`%`
<br /> � TO PROTECT THE SECURITY OF THIS DEED Of TRtIST,TRUS70R COVENANTS AND AOREES AS FOLLOWS: �•' � = r��'
<br /> � 1. Title.Tiusror covenants,wanents end agrees wfth BeneNc►ary,!ts successors and asslgns,that Tivaior owns the Trost Property Iree y' .
<br /> � hom any prio►11en or encumbrance,that thls Oeed of Tiust!s and wl11 remain a valid end enforceabfe/lrst Ilen on the T�ust Property, '
<br /> ' d►at Trustor,at Ita expanse,wfll preserve such title and wlll mslnteln thls Deed ol Tnrst as a flrst and paramount llen upon the Trost , 1
<br /> }.. Property artd wlll laever warrent and delend the validity snd pdodry of the Ilen hereo/egalnst the clalms of all persons and peRles
<br /> • • ' whomsoeve�Tiustor,at 1ta expense,wi!!cause thls Deed of Tiusf,and each amendment or supplement ha�eto,ro be 1lled end '
<br /> , recorded as a moRgage o/the Tiast Properry In such manner and In such plsce and wil!take auch actlon as In the opinlon of Trusiee °
<br /> � , , may be iequJ►ed by sny present or luture lawln nider to perfect maintaln and proteci the lien of thl8 Deed ol Trasi,as the same may -,R
<br /> �� be emended o►supplemented lrom time to tlme.Tiustor wll!make such lurther asaurance a essurances to pedect!ts dde to tha Tiust .
<br /> PropeRy as may be required by BeneNclary.Trusia hereby rellnqulshes all r/ght of dower end homostead!n and to the Tiust Pioperiy.
<br /> 2. Payment of lndebtedness.Tiustor sha11 punctuafly pay the pilnclpal o/and Interest on the Indebtedness secwed hereby. � "
<br /> 3. Consbucdon ol lmprovements.Tnrsfoi shal!canp/ete 1n good end worknrenlike manner any buildings,improvements or repelrs reletlng �
<br /> ; therefo whlch may be begun on the Tiust Property or contemplated by the loan evidenced by the Note secured hereby,to pay when ..
<br /> dae sil costs end ifeblNUas Incumed therefore,end not to pe�mit any constnrcUon Uen aga/nst such Trust Property.In the event ..
<br /> � construcdon of bulld/ngs,improvements or repeUs ere contemp/ated,Tiustor a►so egrees,anythlnfl!n thls Deed oJ Tiust to the contrary ��
<br /> ' notwlthstanding;(a)to promptty ca»mence sny such rvork snd to compfete the proposed lmprovements prompdy,(b)to compJote rhe !
<br /> , f same Jn eccordance w(th the p►ens end spec(ticaUons as approvad 6y 8eneficiery,(c)to comply wlth a!!tho terr»s of a bulfding foan
<br /> • � � agreement,il any,between Tiustor and BeneNdary,the terms ot whlch ere lncorporated hereln by relerence and mede a pert hereoL �
<br /> . (d)to allow BeneNcJery tolnspec!the Trost Property ef all Umes dudng constiuctlon,aed(e)to replace any work or mate�lals �
<br /> u►uaUsfactcry to BeneNclary w(thln Nfteen(t6)days a/te�wdtten noUce/rom BeneNclary of sach lact •
<br /> � 4. Funds to►Payment o/Charges.SubJect to eppllcable law or ro a wrftten walver by Beneflciery,Trosror shal►pay to BeneNr.lary on thx I . •
<br /> ' � 1l►8t day o!each month,or svch other date each month es may be specHled by BeneNclery,undl the Indebiedness is paid!n luil,a sum ,
<br /> (herelnefte�celfed the"Funds')equal to 1i12th of the yeaily taxes and assessments whlch may sttaln prioriry over thls Oeed ot Tiust ,
<br /> end ground renis orr the Trust Property,!l any,plus f�J2th of the yeady premlum instaJfinents fo►hazard insurance,p/us 1i12th of the
<br /> ���. � yearly premium/nstellmenb lormoRgege insurence,if any,all es reasonably esUmated infdally and Irom tlme to ilme by 8eneficlary on ;
<br /> the basls of assessments and bllls and reasoneble esdmetes thereo%The Funds sha(I be heJd In an lnstitutlon,the deposlts or
<br /> eccounts of whtch ere Jnsured or guaranteed by e te0ersl or state egency mcmamg senellc�ary.eeno�►aary snar�app�y me Funds to �-" � �
<br /> , - pey astd taxes,assessments,�nsurence p�emiums and ground rents.Beneflclary shalf noi be requlred to pay Tiustor sny interest or
<br /> � eamings on the Funds.aeneflclery shall glve t�e Tiusror,w,thout charge.an annuel accoundng o/the funds show/ng credlts and �
<br /> �� , , debtts to Fho Fands end the purpose Jor whlch each deblt to th�Funds was made.The Funds are pledged as eddldona!secudry Jo�
<br /> the Indebtedr+esa sect�red by thls Deed oi Trust 1/fhe emount of the Furtds held by BeneNCfary.Mgether wlth the future monthly ;
<br /> � ,. �� Installments o/Funds psyable pdor to the due detes of taxes,essessrnents,lnswt�ce premlums and ground rents,shell exceed the �
<br /> 11 amou»t requlted ro pay safd texes,assessmenis,►nsurence premlums end grauno rents as they/el1 due,such exCess shsll be,at ,
<br /> � Trustor's op6on,eiU►er promptly repald to Tiustor o�credited ro Tiustor agalnst tuture monthly/nstellments o/Funds.1/the amount o/
<br /> the Funds held by Beneficlary shall not be suHlctent to pey taxes,essessnrants,insurence premlums and ground rents ss they fa1!due,
<br /> , Tiustor shalf pay to BeneNcfary any amount necessery to make up the de/lciency wlthln thlrty days trorr►the date noUce Is malled by
<br /> • BeneNclary ro 7rusror requesdng peyment Me►reo/.Upon payment!n lult ot af!lndebtedness,Bene/lcfary shall promptly relund to ;
<br /> �� Trustor eny funds held by 8ene/ic(ary.1!the Tiust Property Is sofd under the power oi sale or Me Tiust Property Is otherw(se acqulred F,
<br /> ' • by BeneNclary.8erteflcEery shall sppty,lmmedlatery prior ro the sale ot the Trust Propeny or(ts acquislt(on by Beneliclary,any Furrds i
<br /> . held by BBneNctary et the dme�l appliceBon as a credit agelnst the Indebtedness.!/BeneNciary executes a w�llten walver dl Trustor's �
<br /> , .. � obllDeUons under tA/s paragraph 4,Trustor covensnts end agrees to pay,before the seme becomo dellnquenL all texes,assessments,
<br /> ° kcu�a�ura��as,eodalooM�
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