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<br /> ,"*.I,�•��;-�ok,. _ (hereln"Truela"y;and t�01�i01�[A.whoso mailing address i;�P.Q.Bax487,Wood fl�ver,Nobra�ka64863,(hcroin"Trus?�3"and"E3or.eiiclary„). ����:
<br /> � 'v�'"�-�''��'� F4R VA�UABIE[Or15lDEAA7fON,including tt�Inclebtcdness i�dentified here'n ond the trust herein creuted,tt�e rec��Ot of whi�h Is hereby
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<br /> ,��. ,� ;�.;:�:�� security of Borwfkiary,uc�der ond sutjact ts the terms and conditians of this DeeE Af Trust,the raat property desu�btd as folk�+s�
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<br /> -.,��.�,;;.:�;�;,.�' A traot of land oom�rie9.ng tk�e �aeterly Nie�ety (90.0) feet of the Sauth Half (S�)
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<br />`: 4�._�.:_.. _^::,,;;,� u11 in Hlaok °Ii°, MaaCo17. und LeFlang's Second Addition to the Village oF Wood River,
<br /> ,�'�� HaJ.1 County, Nebraeka. �-_
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<br /> �� ;,.;t TO�ETNER WITH,oll rents, profits, royalties,income or+d other benefits derived from the real propertyr all leases or subleases coverinp the ��
<br /> • �+';��- real property or any partion thereof, oow or hereaHer existi�g or entered into, ond oll right,title ond interest of Trustor thereunder; all in- _�----
<br /> terests,ustate or other claims,both in law an�in equity, whi�h Trustor now hos or may hereaftor acquiro in the real property;all eosements, �,-_•-
<br />� rights-of•way, tenements,hereditaments and appurtenances thereof und theretos oll oil and gas rights and prQfits, water righ7s and wuter ����+.
<br /> stock;all righf,title and interest of Trustor,now owned or horeufter atquired,in and to any land lying within the�ight•of-way of any street or
<br /> nts ond o urtenances now or hereahr,r erected thereon or ��'''
<br /> highway adjoini;rg the real property, any and all buildings,fixtures, improveme , pp
<br /> belonging thereto, (herein referred to as"ImprovemenY' or"Improvements");and ony and all awords mode for 4he takin�by eminent domoin �--.��r
<br /> or by any proteeding or purthose in lieu thareof,of the whole or any part of the real property. �
<br /> All of the forepoing estate,property and interest hereby conveyed to Trusteo herein toll�ttively referred to os the"Pr�peNy". �:-
<br /> �� • TNIS DEED OF TRUST SHAII SECURE� Fif� ni.ne Thoueand
<br /> • (o)The payment of indobtedness evidenced by Trustor's note of even date here�vith in the principnl sum of_�__
<br /> Throe Hundred dolls�d T14�100�#'�+�+►'F"�r���t�"##�r�r pollaTS (S�Q..Q�---1. � :
<br /> together with interest at the rate or rotes provided therein,(herain,together with any und oll renewals,modificotians,and extensions thereof, `
<br /> roferred to as the"Note")both principal ond interest on tho Note being payuble in accordonto with the terms set forih therei�, reference to
<br /> which is hereby made,the finol payment of printipal ond interest,if not sooner paid and if no renewals,modificotions or oxtensions are made.
<br /> due and payable on December 15a 1994. � •
<br /> (b)The performonco of each agreement and covonant of Trustor he�Qin contained;und
<br /> (c)The payment of ony sum or sums of money with interest thereo�which moy be hareofter paid or odvanced unde�•the terms of this Deed of
<br /> - • Trost.
<br /> (d1 The poyment of any future advunces necessory to protect the security or any future advance made ot the option of the parties;ond
<br />: (e)Tho performonce of on obligation of any other person named in this Trust Deed to a benefitiary.
<br /> TO PROTECI'THE SECURITY OF THI5 DEED OF TRUST,TRUSTOR HEREBY COVENANTS AN�AGREES AS f011OWS:
<br /> 1. Papn�nt of Pdnefpd and Irttusat.Trustor sholl promptly pay when due the principol of and interest on the indebtedness evidenced by the
<br /> Note,und all other chargus and fees os provided in the Note, and the principal of and interest on any Future Advances secured by this Deed of
<br /> . Trust.
<br /> 2. Warran4�►of'fitle.Trustor is Inwfully seized and possessed of good and indefeosible title und estate to the Property hereby conveyed and
<br /> has tho right to grunt and convey the Property;the Property is free and cleor of all liens nnd encumbrances except liens now of record; and
<br /> Trustor will warran4 ond defend the title to the Property ogainst all claims and demands.
<br /> 3. Mainf�n�na ar�Co�nplanee with lawi.Trustor shall keep the Property in qood conditiun and repoir ond shall not commit wnste or permit „
<br /> impairment or deteriora4ion of the Property and shall comply with the provisions of any leose if this Deed of Trust is on a leasehold.No improve- ,
<br /> ,. ment now or hureaher erected upun the Property shull be altered, removed or demolished without the prior written consent of Beneficiary.
<br /> Trustor shall comply with oll lows,ordinances,regulations,covenants,conditions and restrittions offecting the Property and not commit,suffer,
<br /> or permit an��uct to be done in or upon the Property in violotion of any law,ordinance, regulofion,covenont,condition or restriction. Trustor
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<br /> _�_u____��....,.....�...............��.......�:....,,�,�W,,.�R,,,�s�o�,�,�,�o�.,�„�mNn„pmpns on the Pronertv which mav be damaoed or destroyed and
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<br /> poy, when due,all claims for labor performed and materinls furnished therefore and for any alterations thereof. �
<br /> 4. Iniurana.Trustor,at its expense, will maintain with insurors approved by Beneficia�y,insurance with respect to the Improwements and
<br /> personal property,constituting the Property,agoinst loss by fire,lightning,tornado,and other perils and hazardt covered by stondurd extended i
<br /> coverage endorsoment, in an omount equal to at least one hundred percent of the full replacement vulue thereof and insuronce against such
<br /> � other hazards and in such amounts as is customarily carried by ovmers ond operators of simular propenies or os Benefitiary may require for its
<br /> , protection.Trustor will comply with such other requirements as Beneficiory moy from time to time requost for thQ protection by insuronce of the
<br /> . > .,• interosts of the respective parties. All insaronce policies mointained pursuant to this Dee�of Trust shall name Trus!or and 8eneficiury as in• i
<br /> • sureds,as their respective interests may appear,and provide that 4here shall be no concallation or modification without no less than 15 days �
<br /> prior written notification to Beneficiaty. In the event ony polity hereunder is not renewed on or before 15 doys prior to its expiration date,
<br /> � Benefitiary moy procure such insurance in accordance with ihe provisions of paroc�raph 7 hereof.Trustor sholl deliver to Benefitiary the original
<br /> • � policies of insurante and renewals thereof or memo copies of such policies and renewals thereof.Failure to furnish such insurance by Trustor, or
<br /> � � renewals as required hereundor shall,at the option of 9erteficiary,tonstitute a default.
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