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<br /> � R�•R�`'"'••''� ., ^ Deed of Trusf
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<br /> ��KS 9 4-�.o84U8 '9 4-� �o��.��7
<br /> THIS DEEp OF TRUST ls made this 30 day ol 5eptembPr , T9 9G.by and between ALPHA CORPQRATION
<br /> wh9thgrqr�e or more, (hareinahar Ce!!ed the"Trusfw"),
<br /> whose mailing address is T � � D N $ SKA 68SU1
<br /> NORWEST BANK N�BFtASKA� NATIONAL AS OCIATION �h��8� n�m r ) ry�e mai!!ng address Is
<br /> �,Q2,FI�S�'_'1'HIRD GRANA ISL,AND N� and NORWEST BANK SKP► NA���N�L �SS���TI�Y ,(hero/naA'er
<br /> ce�led the"Beneficiery'). whose mailing address!s ,
<br /> W/TN�SSE'TH:
<br /> IF THIS BpX l5 CHECKEp( )THIS D�'ED DF TRfJST CONSTITUT�S A CONSTRUCTIQN
<br /> SECURITY AGR�EMENT UNDER TNE NEBRASKA CONS1'F?UCTI�N L/EN ACT AND CfiEATES,
<br /> GRANTS AND C�NSTITUTES A CONSTRUCTIDN SECURl1"Y/NrtEREST!N THE PROPERTY
<br /> DESCf?lBED HEREINBELOW.
<br /> WHFR� Tr� r�'s1ndebted to Eene�iciary in the principal sum ol_ EIGHTEEN THOUSAND A.ND NO/L00 --- — -------
<br /> � DoNars(S���U��•UU ), wh%�`i-�!�btedness is evidenced by Trustor's promissary note dated , 19�� �, (hereinaA'er
<br /> called the"Note"),payable b th;�.;<,'�•�T t7ene�ciary and having a maturiry o/�CTD,�.�L,,199�� �_
<br /> NOW, THEREF�RE,lor the purpose of securrng:
<br /> (a) payment al the Note,tvgether with interest thereon,late charges,prepayment penal�es,any futwe advances,and ali extensions,
<br /> mpdi�rcations,substrtutions and renewa►s thereol,
<br /> (b) payment ot a!1 other sums,lees or charges,together with interest thereon,advanced to protect the security of this Oeed oi Trust and
<br /> the performance of the covenants and agreements p(Trustor,whether or not set Iprth herein,
<br /> (c) perJormance,discharge ol and compliance wlth every tem►,covenant,obligadon and agreement o/Trustor contained herBln or
<br /> lncorporated by ralerence or any other secur/ry Instrument at anytime given to 59cure the Note,and
<br /> (d) the repayment ol all other sums or/utwe advances,with lnterest thereon, which may heretofore hava been a herealter be ed�re�nced
<br /> by BeneflCl�ry to Trustor oi TruStor's successOr!n lnterest or tiNe,
<br /> all ol which is hereinaRer col/ecfively called lhe"Indebledness", Truslor irrevocably grants and translers tv Trustee,in truat, WI7N PQWER
<br /> OF SALE,the lo!lowing described properry:
<br /> The EasC Two Hundred Si.xty Feet (E 260') of I,ot Ei.ght (8), Woodland FirsC Subdi.viaion,
<br /> an Addition to the City of Grand Island, Ha1l. Caunty, Nebraska.
<br /> together with(i)a!I buildings,structures, addrtions, enlargements,modilications,repairs,replacements,and rmprovements now or herealter
<br /> located there�n, (ii)a!I equipment,machinery and lixtures(including,without Irmitation,all lighting,heating, ventilating,coo!ing,air
<br /> conditianing,spnnkling and p/umbing/ixfures,water and power systems,engines,boilers,ranges,ovens,dishwashers,mirrors and mantels,
<br /> ca�peGng,lum�ces,al bumers, elevatars and motors,re/rigeration plants or units,communication systems,�yrtamos,translormers,slectrrcal
<br /> equipmenr,srorm and screen windows,doors,awnings and shades)now or herealter attached to,or buiR in,any burldinq or improvement
<br /> now or hgreafter located thereon, (iii)alI easements and rights ol way appurtenant thereto, (iv),all leasehn(d estate,nght, tiNe and rnterest ol
<br /> Trustpr in end to alf leases, whether now or hereafler existing or entered into pncluding, without limitation,al!cash and security depasits,
<br /> advance renta/s and�eposits pr payments o/a similar nature),pertaining thereto, (v)afl rents,issues,pro6ts and income therelrom(subject
<br /> to the nght of Trustor tp collect and spply such rents,Issues,pro�its and income as�hey become due snd payable so lortg as no event of
<br /> delault exists hereunderJ, (vi)all royaRies,mineral,oi!and gas nghts and prolits,water,wate�nghts,and waler stock, (vii)ap tensments.
<br /> hereditaments,privileges and appurienances be/onging,used or enjoyed in connection therewith,and(vili)alf proceeds o(conversian.
<br /> vo/untary or invMuntary,ol any o!the loregang inla cssh or liquldated clairns(including,without limitallon,proceeds ol insurance and
<br /> condemnatipn awards),aN o/which is harelnafter ca!lecNvely called the"Tivst Pro,verry". �
<br /> TO PROTECT TNE SECURITY OF THlS DEED pF TRUST, TRUSTOR COVENANTS AND AGREES AS FOLLpWS:
<br /> 1. Tide. 1'rustor covenants, warrants and�grees with Benefrciary,its successors and assJgns,that Trustor pwns the Trust Properry Iree
<br /> lrom any prior lien ar encumbrance,fhiit this l7eed ol Trust!s and will remaln a valid and enforcoable Nrsf lien pn thv Trust Properry,
<br /> thaf Trustor, at Jts oxpense, w11!preserve such title and will maMta/n thls Deed o/Trust as a Nrs�and paramount llen upon the Trust
<br /> Property and will larever warrant and do(end fhe validrty and prloriry ol the den herao/egalnsl the cld/ms ol all persons and p8R1es
<br /> whomsoevar. Trusto�,at!ts t►xpense, w!I!csuse this Deed ol Trust,and each amendment or supplement herefo,b be liled and
<br /> recordod as A morigege ol the rrust Properly!n such menner and!rr such place end w!!I take such action as!n the ppinlon ol r�:stee
<br /> may be requlred by�ny prdsenl or lutu�e law!n order fo perlect,malnteln and proteCt the Nen ol fhis Deed of Trust,as fhe seme may
<br /> be amended or supplemented Irom Nme b tlme. Trustor wlll meke such lurther assurance or aasur�ncas ro peHect!ts dNe to the 1"rust
<br /> Piopsrry aa may bs reqWred by Benellclery. Trustor h�roby rollnqulahe�ed rlght ol dowsr end homestsed In end tq N►e Truat Prop�rty,
<br /> 2. Apyment o(Indabtedneas. Trusror aheN punctuelty psy ths princlpa!ol and lntsrost on the lndebterdneas secured hereby.
<br /> 3. ConaWcdon ol Improvemant�. Tivaror shNl complero!n pood and workmenNka manner any bWldings.lmprovements or repdrs relaNng
<br /> therpto whlch may be bequn on the Trust Property or confemp/afed by the loan pvldenced by the Npfe socured hereby,ro pay when
<br /> due e!I costs and l/ablNUea lncurred there/pr�r,end nat fo pem►!t any canshucNon Ilen agalnst such Trusf Pmperty. M fhe avent
<br /> consfruction o/6uildings,Improvemonts or repalrs are contemplated, Truslor also egrees,anything in this Deed ol Trust b tha contrbry
<br /> nptwlthstanding;(a)to prompUy commenco any such work and fo compfete the pro�aosad Improvements promptty, (b)ro completp the
<br /> same 1n eccardanca with the�lans and spec/flcatlons as epproved by Beneliclary, (c)to compty wlth alf the terms ol a 4uildlnq loan
<br /> epreamenr,fl any, bntween Trustor and Benellciery,the tarms n/whlch ere Mcorporated heroln by re/erence and made e part hereol,
<br /> (d)to ellorv Bdnellclury to ln�pect the Trusl Praparry�t all times durinp conefructlon,and(e)b replace eny work or meterlels
<br /> • unaeds(ectory ro F�enef/clary wJthln liRnan(15)deys altar wrltlen nptice Irom 9oneNclary ol�uch lecl.
<br /> 4. Funds lor Paymanf ol Charqos, Subfect to appflcable law pr to u wrlttan walvor by Benellclary, Trusfor shal!pay to Benollr.lary an the
<br /> llrst day al opch month,or su�h olhor�lntn�nch month as may be spaclNad by Honellclary,unNl the.fndebtedneya Is peld!n IuU,e sum
<br /> (hvroina/te�Callad fhp"�unds"J oqual ta l/I2rh al the yoerJy faxes end asseasments whlch mpy pttaln prlortry�ver fhla peed o1 Trusf
<br /> nnd ground rpnrs pn fha Trusf Proporty,!I dny,plus 1�1?th ql 1ha yeorly promium instalfinenta lor hazerd Inaurnnco,plua 1 i 1?th ol fhe
<br /> yvarly premfum rnstallmvnts lor mo�iqn�/o Insurancv,1/nny, e!I p�roeaonnbly os1lm�ted InlNelly pnd Irorn dme to�ime by BdnodclAry on
<br /> Iho basi�ol easoasmnnra end b/l/s and roasondbfn oa�flmetara fhoreol, Tho Fundy�rharll ba hold In pn Instltudan, tha depva�ra or
<br /> nccounrs nl wh�ch nrn Insurod p� pun�nnf�od by n ladnrnf pr srnro eponcy rnc/ud�np ponoflc/pry. Benal►c�nry�hi�f!ppply th�Funda b .
<br /> pey np��i�pxna, iis�on.9mpnls,Inaurenco prorr�lumd and pround ronta. Bona►Icla►y ahell not be roqulrod fo pay Tru�tor any Interoaf or �
<br /> aam/np�on tha Funda. l3anollcia.y ahnll plva ta Truato�,wlthouf chnrpa,pn�nnuef eccoundnp pf thp Funda ahpwlna credRa pn�
<br /> doblfs to rha i'unds nnd fhv�urpa�v lor wh�ch onch debrt ta fhe Funds wna mNda. The Fund�nra pleu�ged ny nddfflpnel sacur�ry ror
<br /> rho Indabrac�nnss spcurvc�by tnls poed ol Truat, ll fhe nmount ol fhe Funda hold hy 9enellclary,fopodinr wl►h fhe luf�lre monlhly
<br /> Inatnl/monfs ql F unda pnynble prlor la fhn due cl�te�d/faxe,�, n�aeramenla,Inrurnnce premluma end pround ronfs,�hnf!vxcsacf fha
<br /> amounr req�dind ta F�ny snld texoa,naaassmenfa,Inauienca pramluma and�mund renfs p�thay InH dun,auch exce�a ahAll be,al
<br /> Truato�'a npl�nn,el►hor prpmptly rdpald ta TruatOi or nrpditad fa Tivator age�n�t luture mqnlhly Inatallmernta of�unda N the pmount al
<br /> fho Funds lrnld by L�ana/Iclnry�hull nof ba eulllclenf ta pey fAxed, n�aesamenfa,Inaurqnco prsmlum9 and pmund renta aa Ihey/pll dua,
<br /> Truatar�ha/l pay ta flenollclnry nny nmount nnco�snry to meke up the dellcienCy wlthln thlrty dnys Irom Iha date noNce/s ma/fed by
<br /> 6pnvliclary to 1'�uxto�roqupsling paymont►hvisol, Uparr paymanf!n lu/f ol all Indabladness, 6eneliclery shelf prpmptty relund►o
<br /> Trusror any Funds held by Bonell�lery. ll the Tri�st Propony la aald undor tha pnwer o/aala nr the Trusr Properry Is othvrwl�o dcqvlred
<br /> by BonoHclnry, E3env/!clary shep npply,lmmodlafoly prlor tv the sale p/tha TrRi�l Property pr l�s ecqu/si�ion by Benellciary,any Funds �
<br /> hfild by BR/lAliCl�1ry 9t fh9 fl�'70 Ol dppllG&�IO/1 HS 9 GlOdff d{J8/Ils�IhA II1d0�10d/1B3l. !l H9/1BI/CJAI'y�Xf1ClIf03 A WrlftOrl W�IVA/pl TIU3f0I's
<br /> obUgarions unclor this parngrnph 4, Truslar covvnan�a pnd aqreas fv pay,bolore the seme bocorne delinqupnt, all►nxes,essessments,
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