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<br />_ ��:'��'~�`�� Fi�•s'�er Bank,Natlonel A�saciatlon,Omaha,Nnbraeka _ae t�neNclary: __
<br /> _:,.;,;.;. .� W _�_ ---
<br /> . _ --`;r-"°� WI'�NESS�'TH:
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<br />� �� ��'���,;:• That Trustar irrevocably�rnnts.trannfera�nd assipns to Trustee In t�uat, with powar ot sale, Qhe tollowlnp dssGr�bad
<br />- r; `:s•.,
<br /> • . • pfAperty: A. tract af Land compxie3ng a part of t_h� Northwast Quarter uf the Noxtheast Qub.xter
<br />-_ • - :-u-.,,'� NW�SiJEb) af Secfi�on Twenty-one (21), Townehi.p Eleven (11) Ptorth, Range Nine (9) Wzst of khe
<br /> ' H �� � � ' ` 6th P.M. in Hall County, Nebraeka, mor� particularly described as followse H@y�nnfny aS: �.l�e °-
<br /> ��i. ;.,�:�.;:��'�',�• i .
<br /> . ,F.. ,� southwest corner of. Hlock Fffteon (15) Windolph Addition to �he City oE Grand Ielanc7. Hall
<br /> County, Nebraskas thence southeasterly alonq the eastorly line of Washinytan Street, a distance
<br /> ��.'� ' �"�� , o£ OnQ Hundred Forty-five and Five Tenths (145.5) feet to tho northerly line o£ Oklahoma
<br /> • ' Avenues thence northeasterly alonq said northerly line of Oklahama Avenue s distance of Tw+o
<br /> ' .?:4 Hundred Sixty-four (264.0) fee� to the westerl�► line of Lincoln Avenuer thence noxthwestexly
<br /> ,�''. .,� � � �'� dlong said westerl.y line af Lincoln Avenue a diatance of One Hundred Forty-six (146.1?) feet �
<br /> �� to the southeast corner of. said Block Fifteen (15) Windolph Additiont tlnence westerly along
<br /> - ' ' .� �' the aoutherly line of aaid Block Fifteen (15) a distance of Tvro Hundred SixY.y�-four (264.0)
<br />� „ � � ' fee� to the place of beqinning. _-
<br /> •� � togeth�r with all Interest whic�i 7ruator now has or moy hereafter acquire in and to said property end in er+d to:(e)ell ��
<br /> " ea�omentsand rights otuvaya�purtenantthereto;(b)alltanement3,hereditaments,bulldings,structu�es,Improveme►its, �;-;�•..—__
<br />� � � flxtures,equlpment,turnlshings and appurtc�nences now or hereaiter placed therean;(c)al)leasehold estaie,right tiHe, _
<br /> `� and interest of Trustor in and to ell ieases or subleaaes thsreof or any porEion thereof now or hereafter�xisting or entered _
<br /> into,and�11 rfght,tiile,and interestof Trustarthe�eunder,including,without limitatlon,all cash or security deposits,advance �.�_��
<br /> '" '� rentals,snd depos(b or ps�yments ot simflar nature,and(d)all mineral,oil.gas►ights and profits,water,water rights,end -�-=--
<br /> water stock.Trustor agrees to exec�te and deliver,from time ta time,suah further instrument�as may be requested by M
<br /> ,_��,,';,.. Beneficiary f� form and aubst�nce satisfactory to Beneflcfary to conflrm the Ilen of thls Qeed of Trust on any of the ��_
<br /> ';`�`'� a4orementioned property.The property so conveyed io i rus�ee nernundnr i�i�a�vi��a�o�ioirni vi w ao�o2iC:i�S'L'�j'�. -`-'�"''
<br /> � , °
<br /> � The Trustor absolutely and irrevacably grants,transfers and asslgns�o Beneticiary the rents,i ncomo,issues,and profits ��'���
<br /> �,, of flll psoperty covered by thls Deed olTrust '•��'`----
<br /> . , • ���r:
<br /> �;,�: _-
<br /> "��� FOR THE PURPOSE OF SECURIN(3: ;l�- ;:��
<br /> L�a
<br /> 1. Peyment of the prinCipel sum oi One hundred f ifty thousand and no/l0U••------ �� .P�;��a
<br /> ----------($150,000.00) Dollars---° �'� y
<br /> . ------- � i
<br />...,,:,. .._ — �:,•, .
<br />' �':�`'"' ' •�•• evidenced bythe ceRain promissory note dated of even date herewith(herefnefter referred ta asthe"Pramissnry Note") ' '' °
<br /> .................... .. ,.. ..
<br /> � exeCUted b Richard L. Preisendorf � �;�;�,-�:
<br /> y September 19, 1999
<br /> fn said amount and payable to the arder of Boneticiary maturing on � • ?t
<br /> . together with interest thereon,late charges,and prepayment bonusms according to the terms of the Promlasory Note ,
<br /> ' and all renewals,exte�slons,and modificatfons thereot
<br /> 2. Pe�formance,discharge of and compliance with every obligation,covenant and agreement of Trustor incorporated by � •
<br /> reterence or conteined herein or in any other aecurity agreement or deed of trust at any tlme given to secure any ; .
<br /> � indebtedness heseby secured,or any pari thereof. .
<br /> � 3. Payment of all fees end ch�rges of Beneficiary or Trustee,whether or not set forth herein.
<br /> .. TO PROTECT THE SECURITY OF THIS DEED OF TRUST,TRUSTOFi COVENANTS: �
<br /> ' ° � TITI.E:That it is lawtully seized end possessed of a good and indefeasible title and estate to all of such property in tee
<br /> ',� . sfmp9�froe from any prior liero or encumbrance,has qood right and lawiu I authority to convey the same,and will forever
<br /> i " • warrAnt and defend the title thmreto�gainst ine claims and demands o4 all persons whosoever,that it will,at Its expense, � .
<br /> mafntain and preserve the Ifen of thfs Deod of Trust as a first and paramount lien upon such property. �
<br /> MAINTENANCE:To keep such property in good condltlon and repair,to complete or restoro promptly and in gnod and �
<br /> . , workmanlike manner any building whlch may be constructed,dnmagod or destroyed thereon end to pay,when due,all ,
<br /> � claimstorlaborperformedandmaterialsfurnish4dthereforeandforanyalterationsthereottocomplywiththeprovisions i
<br /> �� �, of all insu�ance�olicies covering said premises,to comply with ell lauvs,ordinances,regulations,covenants,condltions ,
<br /> and restrictions aftecNng such proporty;not to remove,demo8�h or materially alter eny bulldi�g,or the character or use I
<br /> f thereof at any time thereson;not to cirf II or extract nor to permft the drlllinc�for or extraction of oil,gas or o4her hydrocrsrbon �
<br /> i- _ _ ,_ _ __,- substances.wateroranv minerel otanv kind unlessthe written consent of Bene4icfary ls had and obtafned;notto commftor ;
<br /> .. - -- - -_ .
<br /> _ , permit eny waste thereof orany sct upon such property in vlolation of law;to do all other acts in a t�mety anat proper mannvr r-°—�- --
<br /> + which trom the cheracter or use of such property may be reasonably necessary to protoct and preserv�said socurity,the
<br /> � spacfftc enumerations hareln not exciuding the general.
<br /> � i
<br /> �•.. CONSTRUCTIONOFIMPROVEMENTS:'�ocomplotefngoodandworkmaniikemannerany�ulldingorimprovemontor �
<br /> " repafr relating thoreto which may be begun on auch property or contemplated by the loan sacured hereby,to pay when due
<br /> � � all costs and ifabflities inGUrred therofore,end notto permit a►iy meChanic's Ilen against such property.Trustor also agreos,
<br /> anything in this Dead of Trust to the contrary notwithstanding;(a)to promptly commence work and to complete the
<br /> � praposed improvements promptly,(b)to compiete same fn accordance�with plens and speciticallons as approved by
<br /> Beneficiary,(c)to compiy wi4h ali of th�terms of any bullding loan agreement botwsen 7rustor and B�nefiaiary,the terms of
<br /> whfch are incorporated herein by referonco to the same extent as if tully set fonh herein and made a pa�t of thfs Deed ot
<br /> ' Trus�(d)to allow Beneficinry to inspect such property et all times during conuiruction,ond (e)to replace any work or
<br /> � matetlals unsatistactory to Beneflciary,within fifteen(16)days aitor written notice irom Beneflciary af such 4act,which
<br /> � notice may be given to Trusto�by regfsterod or certified mail,sent to his lest known address,o�by personal service of the ., .
<br /> �' same.
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