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<br /> � �,y�-�:j. " ' �E�� OF TRUST
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<br /> ' TNIB DEED Ol�'TRUBT�msda Re of llie__BT.�L_dyr ot �npTn�RD �
<br /> 10�L..batw�un ���Ci� 1.liTNRnA1�1 [:}1iTR[!li AA [:RA1JD �41.A1Jn� NRRRASKA
<br /> ,,'.�,t a mrustor. �" C�G.Iit�7qffiti':C�IY��G:Z '�'IiAt+Y3P.t � C1� U ,
<br /> , � as Trustee.�nd ��TERAN CHURCH EXTENSION FUND-2�11SSpURt SYNOD _ � �
<br /> .>��=.- as Benettciary: , �
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<br /> WITNESSETH:
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<br /> .r.•;���, , .�` �� That Truator irrevocahly grante,tranafera and asatgna to Truetee in truat,with power of eale,the followtng desaribed� ��r
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<br /> LOT THIRTY—NINE (39). IN R & B SUBDIVISION, HALL COIJNTY, NEBRASKA
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<br /> „ . .. together with nll interest which Trustor now has or m�yr hereafter acquire in and tosuid property and in and to:(a)all easemonQs
<br /> • • and rigb4s of wad uppurtenant thereto;snd(fb)all buildinge,atru�tures,improvemonts.tixtures.equipment,fu�niahinge aad
<br />�` .:,:�,: . - appurtenances nawar hereafter placed thereon,it being in4randed and aqreed that all clssses of properq►attached or unattaohed, :,,•.
<br /> r' � �;�;�-• • ` . othertltanconaumsblegoode,usedortobeusedinconnecNonwithsaidproperty,areconelusivetydeemedtobeattixedtoondtobe � ',`
<br /> ' ''�'�' partof tha real property that ts conveyed hereby.Truator ugreea to execute and deliver.from time to tltne,euoh further instru-
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<br /> �:� ' menta as may be reqnested by Beneticiary to coniirm the lien oi thia Deed of Truston any of the aforementioned property.The
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<br /> ro ert so con e ed to T u tee hereun er is hereinatter referred to as such ro e .
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<br /> .���'�`1,`� Tha Truatar absolutely and irrevocably graa�te,tranafers and assigns to BenefIciary the rents,income,Iesues,and profitsof
<br /> ' � � all property covered by this Deed of Trust�
<br /> f . .: � � FOR THE PURPOSE OF SECUBING:
<br /> I� � 1.PaymenL of the principal aum of a ONE MILLION THtRTY—FOUR THOUSAND TWELVE AND 25/IOQevidenced
<br /> � bythatcertafnprnmissory rtotedatedotevendatohorowtth(horeinaftorreferredtonstho"PromieaoryNota")inthooriginalprin-
<br /> '' ;, atpalamountot5 1.034.012.25 lesuedbyTeuatorandpayabletotheorderofBenoffciary,togatharwithinterestthe-
<br /> - � , � ' � reon,late ahsrgea,and prey,yment bonuaea according to tho te�ms of the Promissory Note aed all renewale,extoneione,and „
<br /> • , modtficateone thorcoi SEE A'fTACHED P.XHIStTS "A" AND "B"
<br /> . ., � 2 Pcrformance,dtachnrgo of und complinnce with ovary obiigatlon,covonant.and uRrcomun�of Truator incorporaud by
<br /> �,. �� ' , reterenceorconCninedhareinortnanyolheraecuriqragreomontordeodoftruatotonytfmogivonwsecueosTMyindebtednesa�ori
<br /> • • eby aecared,or any pact thercof. •
<br /> .� � � � � ! 8.Psyment of aq feea and charges of Beneftciary.wheiher or�ot set forth he�ein.
<br /> .� � �
<br /> �• .,. • � � � TO PROTEC�THE SECUltITY OF THIS DEED OF TBU$T.TItU3TOA COVENANT$:
<br /> . `. � Tttle:That it is lawlully eetaed and posaeased of a ttood and indefeasible title and estate to auch property in fee aimple and
<br /> will forevet warrant�d defend the tit{e thereto against ihe clafms and demands of aIl peraona whosoever,that It will.at Its
<br /> . expense,maintatn and preserve the lten ot thia Deed of Trust as a firet and paramount lten upon auch proporRy.
<br /> Msintenance:To keep suah property in good conditton and repair,to complece or reatore promptly and in good and work-
<br /> � •� manlike manner aqy building whfch may beconsLruc�Led,damaged or destroyed thereon and to pay,when due.all clalmafor labor
<br /> �=,�;-°_, ` perforttied and matertala iurn{shed thereforand for any alterationa thereof;to comply wtthlhe provIslonsof all insurance polieiea
<br /> `"` :,. , wvering said premises;to comp�y with all laws.ordinances,regulattons,coveaants.condittons and reatricLIoas affecttng sueh
<br /> � .:'�,
<br /> . ;;, •� ' property;aot to remove.demolish or materially alter any bvilding.or the characteror use thereof at any time thereon;nottodrill
<br /> �,,,,.,
<br /> ���, , orextractnortopermitliiedrillingfororextractIonofoil.gasorotherbydrocarbonaubsiancesoranymineralofanykindunless
<br /> �. � the wtjtten consentof BenefIciary is firat had and abtained:not to commitor permitany weste thereof or aqy xet upon such prop-
<br /> ;; � � erty i�violation oSlaw;to do all olhee aats in a timely and proper manner whiah from!he characteror use atauch propar�v may be
<br /> - _�-�r, .. res►sonably neaessary to proteet and preaerve esid secu�n8y,the spectiic enumeratfons herein not exctudtng the general.
<br /> ' Conatruetion ot Imprnvementx To co�nplete in goad and workmanl{ke manner sny building ar fmprovement or repair
<br /> �. ' retsting thereW which meyr be begun on such proper�ir or contemplated by the loan aecured heroby,to pay when due all costs and
<br /> ItabSlitiea incurred theretor.and not ta permit any mechanic's liea against such property.Truetor also agceea,anyChing in this
<br /> ," Deed ot Truat to the contrary notwtthatanding(a)to promptly commence work end to eomplxte the proposed improvements
<br /> � promptly.(b)tocompleteeameinaCCOrdanc�wlthplau�sandapecificationsasapprovedbyBeneficiary,(c)tocomptywJthaliofthe
<br /> , terms of eny building loan agreoment betweon Trustor and Benetieiaty.(d)to allow Beneficinry to inspect auch proporty at aU
<br /> �. times during constructton.and(e)to replace any work or mnterials unsatisfactory to Benefictary,within fitteen(l6)days after
<br /> � � . „ wrltten notice from Beneticiary ot such tnet,which notice me,y be given toTrustor by ragistered or certified matl,sent to his last
<br /> known address.or by parsonal servtce oi the same.
<br /> i.@���.Il�.. �I1..i..�.. Y.T�1'�� _L_ 't_ "f' '�.._.�._ •
<br /> ,. - '�«y.�w.ai�C�ea av oecp ouw�pt`vjr@�y ttcoti[Cti b]S4titDi tV3D VCUBfIl8g8 Oy lIi'@Afla OLQ@r C18KOtrI6![B Wtl ICtt�
<br /> • in the opinton oi Beneftetary should be tnsurc3d againat,under poltciea+ef insurance with loas payabl�to Beneficiary in torm. �
<br /> amount,and companies acceptable to Beneffciary.$atd polIcfes ehn1l be delivered to and remain in passesaion of Benefic{ary as j
<br /> further securlty for the faithfui performance uf tl�eso obligatfons,which delivery ehall constitute an assignment by Truator to
<br /> lisneticiary to all rights thereundor.includinR al�rcturn premiums;to d�liver to Benefictary a poltcy or palictea renowin�or I
<br /> • . � ��� extending any expiring irisurance with a rc�eipt showinpc premiuma paid ut least thirty(30�daya before oxpiration.If Trustor �
<br /> • � .'�' failstosodeliver any renewai poltctes,$eneticiory may procure such ineurance as it may electand may make paymentof premi-
<br /> „ umethereon,whichpaymenLisrep�yableondemund.NeitherTrusleenort3eneficiaryshall6eresponatbleforobtainingormain- I :•
<br /> ' • tain(ng such insurance.Benetiatary.fmm time to tim�may furniah to any insurance agency or company.orany other person,any
<br /> .. � • information contained in or exLracted trom aryr ineurance policy theretotore delivered to Bene�ciary purauant hereto,end any
<br /> „ informatton concerninq the loan secured hereby.I n no event and whetheror notdefaulthereunder hasoccurredshall$enefieiary.
<br /> : bythefactorapproving,acceptingorobtainingauchinsurunce.incuranyliabilityfurtheamuuntofauchinsurance,theformor �
<br /> � ., ' • Iegal sutticic�ncy ot inauranee contraeta,solvency ot insurera.or psyment of iossea by ineurers,and Trustor hereby expressty
<br /> '� ' aasumes full responsibility therefor and linbility.itany.thereunder.In the eventof losa,Truator shaU give immediate wrftten
<br /> ►�, • „ . notice to Beneticiary.and Benoficiary may.but is not abligated to,meke proof of loss if not made promptly by Truator.In case of
<br /> ' , aTMy loss tha amount collected under any policy of ineurance on auch prnperty may,at the optton of the Beneficiary,be applied by
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