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<br /> '.�.:�-1.:;�,^.� ,. „� �� �.�(193'�5 Deed of Tr�est . .. .�
<br />;; ^ ti� MO�BfINHS 9 4 �..,.__o ;.#��....K ,�ti =_
<br />-,�,� � _ .1B_._Qli—,bY nnd boM1VCCn � R PARTIQAa$NTP s ,�`�' '"'�Y��°'
<br /> TMIS DfEn OF�RUSi is mado fhls_18.—drry ol�a�cemh P* � . �_ `
<br /> �_ a general partnerahip . ws,orhor ono or mora(hero�nattor caned tnn "TJvsro�),
<br /> .,. , , +�y�'
<br /> �,�,.. .�, .� lfit Straor�l_rnnrl Ta1nnA� NF. fiA$j���.
<br /> � ..,,,, �, whose malGng address Is____?.liL4-1�- �i.� < �f,_=--------
<br /> '' NORWEST BAfVK •' '' t.tA� Na t t nn�yl A a,g�i,g,t i nn (herelna!ar calbd tha"Tiustoe'J,wnoso msllinfl uddross!s _-�
<br /> �� "' ThirA ('r�nri Ta.lg,�y,_$TF.andNOt�L'UEST&INK �hrA41.a. Nati 1 " a "��+II ,(htTrUM(3fte� ,
<br />_ .�,. ,; ona ��--
<br /> � . ca!ledfhe"Benoflc/ary').whosomalilnc�addressls ��� W_ T�flI1CL.�8L8nd^_NF („$A[1� • .—
<br />� N!lTNESSETH: `'.�'�""-��- •
<br /> ;,.,-_,:' �
<br /> �. ..� IF THlS BOX IS CHECKED❑ THIS DEED OF TRUST CONSTITUTES A CONSTRUGION SECURITY AORtEMENT UNDER THE NE9RASKA � ��,i_
<br /> '"� CONSTRULTl�N UEN ACT AND CHEATES,ORAN75 AND CONSTI7UTES A CONSTHUCi70N SECURITY lNTEREST IN THE RROPEATY _�.<<_e�__.
<br /> , DESCRIBED HEREfNBELOtiAf �`�T��
<br /> .•r ?G;�„_
<br /> �� WHERFJIS�Tiustor Is lndebted to Benefictery In the princlpal sum of SEVENTY THOUSAND AND NO/L 00------ -°----------- ;c_��.,
<br /> ' " 1 A _, 19.�—.(heminaftn� '" -�__-
<br /> � Dnllurs(S ��}000.00 1,whlr,h lndebt9dness Is evldenCed by Trusrors promissory noto datod 1�IQSLBIDb�iY' -- - v,;�-__��
<br /> d
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<br /> . called the"Note"),ptryable to tAs orcloro!Benefidary end havin�a maNriry o1 D.�pmher �;_���� • -,y.
<br /> ` NOW,THEREFORE,fo�the pwpose of secu►Ing: ,';Y _!.
<br /> • (a)pttyment d the M1'otv,to�ethor with lnterest thareon,late chargew prepayment pvnattlas,arry bturu ndvance�and all exrons/ons.mod�dicatlons,
<br /> , � .
<br /> substituBons and renewals thorool, �
<br />` ..
<br /> `,` ;- . . .. . _�.____............................ •n..,��hro n�,nH nl Tn�st and the pe�fnrmance �
<br /> (b)paymont of all other sums,fees or charges,argemai wlm m�erest u�urwr�,tauranew w N�.�.w..••........�%^y -•••••--- �
<br /> ''' of the carenants and&�Jreemonts o1 TrusM►whefher or not seJ lorlh heraln,
<br /> : (c)performanca disr,hruga ol and compllsnce with every mrm,carenant,obl.'gatlon and t+c�reemont d Tiusror contalned hereln or lntorporared Cy
<br />" relprenco or ary othe�secudty Insbument af anytlma glven ro sacurs the Nnt0.and
<br /> � , (d) tho rep8ymant ol all other sums or lulure eWancos,wlth inten9st thereon,whkh may horvto/oro have been or hero�fter be advancod by Beneliclary fo
<br /> � Tiusror or Trusror's succussor!n Inrorest or dtlo, �,� , ,
<br />� ' � sll 01 whlCh!s hominelter colleCthrely calfed the"lndebtodness'; Tiustor inovocdbty grents and trens/ers ro Tiustee,!n trust,WITH POWER OF SALE,Iho _
<br /> �
<br /> ,.-�� ., . .. . lollow/ng descrlbod prope�ry_
<br /> "" " ��` Lota 3 & 4. Block 2� Dawn Addition to the City of Grand Island� Hall County� Nebraska. _ �; "r 'i•
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<br /> . :�w.ro:l.��i � �1i.••t� .
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<br /> togvther wid�(!)nll bulidings,swcturea,edd(Uons,anlargemonts,modAications,mpalrs,replacements,and improvements now a hereaRe►located Meroon. ti,:
<br /> '' •� ' (!Q a!1 equlpment machlnery end Ilxtures(including,w1thout Umltatlan,all Ughtlng,heating,ventl1aNng,cuellnD,alr condlt/on(ne�,spdnkling&nd plumb(ng '`;�' ��-�-
<br /> �..;^ '..,t��; . '41oM
<br />� ' ' lixturos,uvater e�nd pavier systomR onglnoa bofbrs renge�arens,tllshwasho�M.�rors and mantels,ce�peting,lumacos,oil bumar�elwntors and ' � -
<br /> n
<br /> � � •' morors,rrN�l9emtbn plants or units,oommun/catlon sysroms,dynamos,tmnsformers,elecb/cal equlpmont,storm and sctoan wlndov+s,doors,awnings and ,r, a�;=
<br /> ._..�,:;,•, 4�.r'�'�,
<br /> ahados)now a hrtroelter attachad to.o►bullt!n,rury bullding Improvement or(mprowrnent now or haruafter focatad fheeeon,(�1!)oll easemonts and rlghts ol .
<br /> way oppurtctnunt thomto,(h�)aU leasehold estete�rl�ht,Ntle 8nd Intorost o/Tiustor In and to all leesos, whether now or herealtor oxlstlnn or onteretd Inro �
<br /> �� • (!ncludinA,wlthout Ilm/wtlon,all cnsh and socmlry depos(ts,edvance renta/s t�nd depaslts or payments ol a sImllar nnturoJ,portolNng thoreto,(v1 all rents, �
<br /> - � " lssue�protits ond/nCOme thorelrom(subfect ro tho dflht d Tiusror ro coliect and appty auch mnts,lssues,prolits and Income as they bocome due nnd ..�%�
<br />- �,�1 payabb so lortg as no awnt ol delault exlsts horeundvrJ,(vq sll royaltles.mineiaf,0!1 snd gas dghts und profits,wate►waler nghts,nnd watar srock,(vl!)all .y,,
<br /> � tenomants,heradltements,prlvilo�jns snd eppurtensnces belonging,usod or enJayod/n connectlon thorailth,Qnd(vlii)all prnceads o!converslon,wluntary +��'=
<br /> or lmro/untary,01 any ot Ihe loruOolnfl Inro cnsh or liqu/duted cfaims(lncluding,without Gmltr3tlon,prviceods ol lnsurertco end rondemnatbn awards),e�!o/ �;s
<br />- . whlch!s horvinNNr co/bcth�nfy called tho"rrust Pro{wrry': , �k• � _
<br /> ' ' � TO pRp7ECT THf SECURITY OF THIS DEED OF TRUST,TRUSTOH COVENANIS AND AGREES AS FOLLOWS: o �-
<br />�. 1. Titla Trustor carensnts,wanants snd agroos wlth BoneHclory,!ts succc�ssors and assigns,that'fiusror avns tho Tiust Property�n3e�rom erry pdor lien ;�,�
<br />� —' a oncumbrorrCO;thnt th/s DQOd ol Tiust Is nnd wlll rc�maln a valld and enforCOOblo lirst l�on on the Dust Proporry,that Trusto�at its oxponsv,w(11 q_.
<br />�� ,. • prosanre such GUo ertd wlil ma�ntNn thls Deed of Trust ns a lir�t and parsmounf Ilon upon tho Tiust Proporty and wfll forwer warrant and dofond tho „•
<br />- vefidiy und prioriry ol the lien horeol nflalnst the clalms ol oll pnrsons and partbs whomsonwc Tiusro►,at!ts expvnso,will cnusn thls Dnod ol Tiust, �: .�
<br /> , ' '
<br /> " and each nmondmont or supplamont herot0.ro be fi;od snd rocorded as a morrgt+flo of rho ihut Properry!n such manner nnd ln such plaeo end wlU
<br />_�• . : tako such eCtion as In fhe opinlon of Tiustoo mt+y bo roquirod by eny presont o�futcfe law in ordor ro poAttct,malntaln snd proroct tho Ilon ol thls Ooed
<br /> d Tfvst,as tho ssmo may bo amanded or supplamonrod Irom tlmo ro fimo. Trusror wlll muko such furthor Assumnco or essurences ro peAoct!ts tltle to iI
<br /> tho Trust Prope�ry ns may b9�equ��ed by BonefiClary.Trusta horeby relinqulshos ell dDht o�davc3r and homosbsd!n and to the Tiust Property. ` �� � , �
<br /> ; 2, A�ymont of Indobtr�dnDSS.Tiusto�r,ha��punctually puy tho p�ncipul o/and Intemst on tho/rtdobtodnoss securod horoby.
<br /> �.„:;..
<br /> a CansbucNon ol lmprowmonts Tiusror shall compbte In good r�nd workmttnlilro mnnner nry bulidings,lmprovomonts or repatrs mfannp thororo�vhfch 1 :
<br /> $� may bo bagun on lh,cr Tiust Praperry ar contemplUtod by tho lonn evidenCOCi by fho Note secumd homby,ro pay whcn duo all costs ond liobllrtlos I
<br /> Incurmd thorCfaq and not to permit any construcUOn Ilon agelnst such Tiust Property.In tho awnt constnrctlon ol bulfdings.Improvomonts or ropalrs , 1
<br /> �A F
<br /> � t�rp Contomplarod, Tiustur a/so egrooS enythlnp fn thls Doed of Trus[to the contrery notwithstnnding;(o)to promptry commanco an/such work and to . .
<br /> � Complotu!ho proposexi Improu�monts promptty,(b)to comploro tho snmo ln accordeneb wlm tho pinns and spocificatlons As appro+od by Bonaticmry , � ��
<br /> (c)fo Comp/y wifh nU tlio Nrms of a building fonn agroomont,!/any.bofwpan Tiusror ttnd Bonolldary,tho turms ol whlch aro incapo�atod hemin by _. `
<br /> � rCh�rartco ctnd mudo a pmt hDroot,(d)to alfow Benoliclary to lnspect:he Tnist Propvrty ot all tlmos durinp construcdon,and(o)to roplaco ory�wrk or �
<br /> � __-_ _--_- __-- ..,�M��re„ncndslnrmrv tn gonol;clarv wlLhfn fifroon(t6)days at(or�vntton notico from BoneflGary of such lact.
<br /> -- _____ ..._- -- - -
<br /> �� 4l Funds ibr Paymant of ChtUpos.Sub/oct ro cpplicublo law o�ro a wdtron welvor by Bcnof;ctar�t Trustor shn;l pey ro Bonot;dary on rno nrsr urry oi encn --fi
<br /> monlh,or suCh othor dnto oaCh month as mtry bo spaCffiod by Bonaficlary,unfll[he IndobtvdnoSS Is pald Irt IuII,a sum(horoina/h�r callod tho'Funds') �
<br /> oqu�l b 1/12tA ol tho yroady tnxos und assossmcnts whtch may attuln prloriry omr thls Oo�d ol Trust nnd ground mnts on tho Tiust Proporty.d arry.pfus
<br /> • . 1/f21h of tho yroorN pmmfum Instn llmants t or haz a f d Insurenco,p lu s 1/1 2 f h o/t h o y o ad y prctmlum tnstallmonts Mr mortgoc�o�nsuranco,d vrry,n��ns
<br /> ro�sonatry ostimat9d In(UuRy end Irom tlmo ro tlmo by Benoliclary on tho basls of ossassmonts and blGS ond rvasonablo ostim&ros thoroot Tho Funds i �,
<br /> shcll btr hold fn an lnstituUun,No deposits or accounts of whlch aro msurod or guamnroed by a lodonl or state ogency rncludmg 8vnotic(ary. �
<br /> BnnCliclary shall ttppy tho Funds ro pay sald taxoa assossment�Insuroncv prom�umy ond ground ronts.BonMiclary shull not bo reql:rt3d to pay ��
<br /> � Rustor ttny Infamsf o►oamings on tNO Funda 8onstic�ury shnU yfvo ro Tiustot without ahnrg0.an onnual accountlng a'tho Funds shaving crodits ond i .
<br /> . dobits to tAo Fund9 and tho purposo for whfCh onch dabtt ro tho Funds was mada Tho Furtds aro pfodpod as addflonnl sacurity fa tho Indobtadnoss .
<br /> socurod by thls Dond of 1'iust!I fho emount of tho Funds hofd by BonoliclarK ro�athor�vifh Iho luluro monthty lnstallmcnts ot Funds prryablo pnor ro i
<br /> • �• tha duo datos of taxos.assossmontS�nsumnco pmm!ums vnd ground rontS sRa11 oxcead tho amaunt roqu(rad to pay smd taxos.assossmonts. .
<br /> • y InSUrartco prt�miums and ground ronts as fhay fall du0.such oxcoss shall ba at Tiusrors optlon,pdhor promptty mpnid ro Tiusra or crodirod ro Trusro� I
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