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<br /> 7HIS iF�UST DEED,rnr.da ti�:�3��h day oT, SepCember v, �g 9__ 4 ^, b;�and nmort� �?.�.nD�� SCnraselca, -_
<br /> .Jnnet L. StnrooClcr�t hunband nnd ���ife and David L. SL-tirostl�A nnd Chrietine �1. 5tarootica, husbiind
<br /> ° and a�' fe �
<br /> - , 2210 Circle Drive, Grund Island NC G8A03
<br /> wts�m mN�r+�addros�is � �.
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<br /> � (hcrain"4ru�tor");and 1�C1 tl(Q00131�,wPwso mnflinp nddros�fa P.O.Box 407,Wood Fihrer,�obraskn 66003,(horoln"Trusteo,"and"Baneticlary"). ' L
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<br /> . FOR �All1ABlE COkSIDERATIQN, (r�cludirq the indeb4edness indcntified Mrein and the trust h�r�{n creoted, the receipt of�hich is hereby '
<br /> otkn�wledged. Trus4or irrevQC6blV gru�ts, transfors, conveys, ai�d assiQns to Trustea, IN TRUST, WITW ROWER Of SAIk,for the banefit end �, .
<br /> ' security o}8eneficiary,under and subject to the terms and tonditions of this Daed of Trus4,tha real property describM as foltaws� -
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<br /> Lot Sixteen (16) and the North Seventeen (N 17') af Lot Seventeen (17), all in Black One(1), °
<br /> � 5tew�rt Place Subdivision. in the City of Grnnd Islnnd.Hall County,Nebraska,except a tract of „ � r � =:_
<br /> , land deeded to the City of Grand Island and recorded us Document #�88-101714 and Document „ . °`"
<br /> #88-101715. . �-
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<br /> West One Hundred Fifty Fe�et (W 150') of the South One Hundred Eighty-three Feet (S 183') � �°:�"�`"'"�
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<br /> of Lot Seventeen (l 7), Block One (1), Stewart Place Subdivision, to the City of Grand Island, :. �,
<br /> Hall County, Nebraska ;� � n � � ". :;'�-,��,�,�—
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<br /> .. TOGETHER WITH,aU rents,protits,royaines, income ona ofiher oeneiiis oerrved irom mcr reu�4nv�rc+�y:ut�I��Q�ar s��.o�...-.o=-s:..$.h_ _
<br /> reol property or any portion thereof, now or hereoher existing or entered into,an�all rigtit, title and imerest of Trustor thereunder;oll in- ;:�,'
<br /> teresls,es4ate or other cloims,both in law and in equity,whith Trustor now hos or may hereofter acquire in the real property:all eosements ti�"
<br /> rights-of•rvay, tenements, heredi�aments and appurtenanc�s thereof and thereto;oll oil and gos rights and profits, woter rights and water� `F "�,�
<br /> � sPOCk;all right,title and interest of Trustor,now owned or hereafter acquired,in and to any lond lying within the right-of•way of any street or `� ; •
<br /> hi�hway adjoining the real property, any and all 6uildings, Pixtures, improvements,and oppurtenances now or hereofter erected ihereon or �
<br /> belonging thereto,(herein referred to as"Improvement"csr"Improvements");ond ony and all owards made for the taking by eminent domnin ,
<br /> or by any proceeding or purchoso in lieu thereaf,of the whole or any part of the real property. ;,��., �
<br /> J All af the foregoing estate,property and interest heroby conveyed to Trustee herein collectively reterred to as the"Property". �
<br /> � THIS DEEO OF TRUST SNQII SfCURE: �� ;"�'� '
<br /> . �
<br /> � (o)The payment of indebtedness evidencad by Trustor's note of even date herewith in the principol sum of i 25,000.00 �Y
<br /> � �•, � ONE HUNDRED TkTENTY-FIVE !`HOUSAND AND NO/100-----------------_061h1fs (S —�� m �L}
<br /> �', togother with interest at the rate or rates provided theroin, (tisrein,together with ony and all renewals,modifications,and extensions thereof, , �, �� �-
<br /> . referrea to as the"Note")both principal ond interest on the Note being poynble in accordance with the terms sat forth therei►i,reference to ;,�'.'�
<br /> which is heroby made,the final payment of prinupal nnd interest,if not sooner paid and if no renewals,modifications or extensions are mode, ` � �
<br /> ' . dueandpayableon September 1, 1995 or any extensions or rene��als thereof , i
<br /> (b)The performance of each agreement and covenant of Trustor herein contoined;and I ;
<br /> � (c)The payment of nny sum or sums of money with interest thereon whicli mny be hereofter paid or advanced under the terms of this Deed of I
<br /> Trust. `
<br /> - (d)The payment of any future odvances necessary to protect the security or ony future odvance made at the option of the part�es;and � '1�., .
<br /> , (e)The performonce of on obligation of any other person named in This Trust Deed to o boneficiory. ' j
<br /> � TO PROTECT THE SECURITY OF THIS DEED OF TRUST,TRUSTOR liEREBY COVENANTS ANO AGREES AS FOLLOWS, �
<br /> �, pq�t oi P�cip�l M+d inlanst.Trustor shall promptly pay when due the principal of ond interest on the indebtedness evidenced by the : ,
<br /> • ' i Note,and all other charges ond fecis as provided in the Noto,and the principal of und inZerest on any Future Advances secured by this Deed of ;
<br /> Trust. ,
<br /> 2. WRr�nt�of TdH.Trustor is lawiully seized and possessed of gootl and indefeosible title and estato to the Property hereby conveyed and
<br /> has the right to grant and convey tho Property;the Property is free and clear of all liens and encumbrances except liens now of record; and �
<br /> . Trostcr will warmnt and defend she title to tho Proporty against oll cloims and demandt. '
<br /> g, M�t�e�n w�i Co�e�riMi leNi.Trustor shall keep the Property in good condition and repair and shall not commit waste or permit �
<br /> • ,, impairment or deterioration of the Property and shall compty with the provisions of any loose if this Oeed of Trust is o��a leosehold.No improve-
<br />- . ment now or hereafter erected u�on the Property shall be altered, removed or d�molished without the prior written consent of @eneficiory.
<br /> - Trustor shall tomply with all laws, ordinances,regu!ations, covenants,conditions and restrictions affetting the Property and not tommit,suffer,
<br /> ur permit any act to be done in or upon the Property in viofation of any law,ordinante,regulation,covenant,condition ar restriction.T�vstor
<br /> � sha1)complete or restore promptly ond in good workmanlike manner any improvement on the Property which may be damagQd or destroyed ond
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<br /> � puy,when due,all ttaims tor iuDOr pertormea und moreriais iumisned inereTOre and ror any aiierniians inerear.
<br /> 4, Mtwron.Trustor,ut its expense, will maintain with insurors approved by Ben2ficiary, insurance with respett to the Improvements and
<br /> " � personnl propeNy,constituting the Property,agoinst loss by fire,lightning,tornodo,and other perils and ho:ards covered by stondard extended
<br /> � coverage endorsement, in on nmount equal to at least one hundred percent of the full replacement value thereof and insuronce against such
<br /> •� � � other hotards assd in surh amaunts os is custorrmrily carried by owners and operaton of simulnr properties or as Beneficiary moy require for its
<br /> I protettion.Trustor will comply with such other require�nents as Beneficiary moy from time to time request for the protection by insurance of the
<br /> , � interests of the respective parties.A!I insurnnce pol�ties maintoined pursuant to this Deed of Trust shall name Trustor pr�d Beneficiary as in-
<br /> ' sureds,os thair respettive interests moy appear,and provide ihot there shnll be no tontel�afion or modificotion without no less than 1 S days
<br /> �. prior written notification to Beneficiary. In tho event any polisy herPUnder is not rc�nnwad on or bofore 15 days prior to its exo�rntion date.
<br /> ' Benofitiary moy procuro sush insurance in accordnnce with tho ps•o�isions of pnragroph 7 hereof.Trustor shall daliver to Beneficiory the or�gmol
<br /> � politias of insurance and renewals thereof or memo copies of suth policies and ren6wals thereof.Foilure to furnish such insuronce by Trustor.or
<br /> renewals as reQuired hereunder sholl,ut the option nf Benefitiary,tonstitute o default.
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