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<br /> ���r PO llOR 96 [JOOD RI�TL'il, NG 6f188' a-=�"
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<br />- � � � (her�in"TnNtor");and Ytla IF t�Af�l.whos9 mall�rp address N P.O.Box 487,Wood fifver,fValxnsYs EA883,(I�srQln"Ttistoa,"er�d"Fienbi icia�t"} �"-
<br />" . il?�VA�UA�IE CONSID�RATION,iRCluding tho tndebtedn�ss(ndern4ifiRd h�rdn ond the trust heriln creot�d,the r�aipt of whkh fs i�rc�b�r __
<br /> °, a�cnnwl�ayKi. 7�us�w iF.uwccW�y�y���s,4r:��sSc.s,eu��ay s,u.�a„s�,,;t�TFU:4:.�, f:7 TttllST. :y1Tt�P0."�.'R Qg?.^.+_@,icr 9M P,�ii►� �'`�.-
<br /> • �curity of B�s�ikiary,ur�r and sub�oct to th�t�►m�ad conditior:s of fh(s Ik�d af Trust,tt�r�al prop�rty doscribed a�folbwrs�
<br /> '" ' Lat One (1) and the EASt Eisht (E t3') of Lot 'It�ra (2), Dlack Twenty—aix �26), Ori�int�l =_
<br /> � � Town of I�ood River, Hnl� County, Nebraska
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<br /> TOGETHER 1�11TQ�,oll rents,profits, royuities,income and other benefits derived fram the reol property;oll leoses or su6leosos covering the �._
<br /> , , reul property or any portion thereof, now or hereafter existing or entered into,nnd all right, title and interest of Trustor thereunder:all in- _
<br /> Yerests, esroto or other clairns,both in law and in equity,which Trustor now has or may hereafter acquire in the real proye*�y:oll easements, ��_
<br /> ri�htsof-way,tenements,hereditamonts artd appurtenances thereof and thereto; all oil ancl gns rights and profits, wa�or rights and water «i��
<br /> stxk;all right,titlo and interest of Trustor,now owned or hereafter acquired,in and to any land lying within the right•of-wny of any street or �;
<br /> highway adjoining tho real property, any ond oll buildings, fixtures, improvements, and appurtenances now or hereaher eretted tharoon or —��
<br /> belonging thereto, (herein referred to os"ImprovemenY'or "Improvements");and any and all awards mode for the taking by eminenR domoin ��`
<br /> or by uny proeeeding or purchosa in lieu thereof,of the whole or ony port of the real proporty.
<br /> All of ihe faegoing estato,property and interest hereby conveyed to Trustee herein colloctively referred to os the"Property". �_�
<br /> THIS DfED OF TRUST SHAII SKURE: *
<br /> (a)The payment of indebtedness evidenced b�r Trostor's notq of even dote herewith in the principal sum of `�;
<br /> PORTY TWO THUUSAND FIVE HUND D AND NO/100--------------- pollars (S 42.500.00 ►, �,,;
<br /> togother with interest at ths rote or rates provided therein, (herein,together with any and oll renewals,modificutions,and extensions thert�of, a
<br /> referred to as the"Note")both principal and interest on the Note hei�g poyable in atcordanco with the terms set forth therein,raference to �`
<br /> whith is hereby made,the final poyment of principol and interest, if not soonor paid und i f no renewu ls,mo di fications or ex tensions aTe m a de, ��z=
<br /> due and payable Cn September 1, 1995 or anv axtensione or renewals thereof_ , ��.=,
<br /> (b)The performante of each agreement und covenant of Trustor herein contained;and � _
<br /> ' .. " ` (e)The payment of any sum or sums of money with interest thereon which may be hereafter paid or advanced under tho terms of this Deed of „
<br /> . ., r►usr. -
<br /> . (d)The poyment of any fu�ure advunces necessary to protect the security or any futuro advance made ot the option of the parfies;on d
<br /> , (e)The performance of an obli4ation of ony other person named in this Trust Deed to a benaficiary.
<br /> '' TO PROTECi THE SKURITY OF TH15 D`cED OF TRUST. TRUSTOR HEREBY tQVFNANTS AND AGREES AS F011OWS:
<br /> � ' 1.PaY�t of P�incipd end Interon.Trus4or shall promptly poy when due the princip�l of a�d interest on the indebtedness evidenced by the
<br /> „ 8�1ote,and all other charges ond fees as provided in the Note,and tho principal of and interest on any iuture Advonces secured by this Deed of
<br /> " 1'rust.
<br /> ' 2.M(w»�t�of TIt{�.Trustor is lowfvlly seized and possessed of good and indefeasible title and estate to the Property hereby conveyed and
<br /> ., hos the right to grant and tonvey the Prc�orty; the Property is free and tlear of all liens and encumbrantes except liens now of record;urtd
<br /> Trustor will worran4 and dofend the title to the Property ogoinst all claims and demonds.
<br /> 3.pA�t��eo�I Cewp�aa w�i1 I�ws.Trustor shall keep tho Property in good condition and repair and shall not commit waste vr permis
<br /> impairment or doterioration of the Property and shall comply with the provisions of ony lease if this Oeed of Trust is on a leusehold.No improve-
<br /> ment now or hereaRer erectad uY.�� �no F'roperty shall be oltered,removed or demolished without the prior written consent of eeneficiory.
<br /> Trusfor sholl comply with all Iows,ordinances,regulations,cavenants,conditions and restrictions offectin8 the Property and not commit,suffer, �
<br /> Iar R;;rmit any act to be done in or upon tha Property in violation of an�Inw,ordinance,regulation, covenant,condition or restrictiom.Trustor I
<br /> .1 ��,,,���,...�„e*o M�o�rnro nrmm�t►Y nnd in aond workmanlike manrter anv imnrovement on the Property which may be damaged or destroyed Qnd �___
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<br /> poy,when duo,all claims for labor performed ond materiols furnisF�cd therefore and for any alterotions thereof. !r
<br /> 4. I�srra�t�.Trustor,ot its oxponso,will muintuin with insurors approvc�by Beneficinry,insu�ante with respect to the Improvemenis ond �
<br /> personal property,constituting tho Property,against loss by firo, lighming,tornado,ond o4her perils ond hazards covered by standord extended i
<br /> . coveroga,e�dorsement, in an omount equnl to at leost one hundred percent of the full replacement valuo thereof and insurunce against such
<br /> � other hfltards and in such amounts as is cussomarily earried by owners and op�rators of simular properties or as @eneficiary may require for its
<br /> ` protettion.Trostor will comply with such other requirements as Benoficiary may from time to time request for the protection by insuronce of the
<br /> interesis of the rospective porties. All insurance policios inaintained pursuQnt to this Deed of Trust shall name Trustor and Beneficiory as in-
<br /> sureds, as their respective interusts muy appear,and prov�de that there shafl be no cancollation or modification without no less than 1 S days
<br /> ' prior written notifitotion to Beneficinry. In tho even4 any polity hereunder is not rertewed on or before 1 S days prior to its expiration date.
<br /> ; Benefitiary moy praure such insurancu in accordante with the provisions of paragroph 7 hereof.Trustor shnll deliver to Beneficiary th2 originol
<br /> ? policies of insurance and rQrsewals thereof or memo copies of such poiicies and renewals thereof.Faiiure to furnish such insuronce by Trustor,or
<br /> renflwals as required herounder shall,ot the option of Beneficiory,constituto a default.
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