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<br /> Deed of Tru��
<br /> . � �BANNS � �
<br /> � S7 PARTNFRAHTP --�T�
<br /> TH/S DEED OF TRUST Is mado thts 6 t�L day of DecembeY , 18 g,by and botween $� _..
<br /> �vhethvr one or more, (herelnafter calla�i tho"Tius(or'), _-___
<br /> " whoso maiGng sddiessls_��4� WF.ST 2DTI� STR��ET., GRA_I�I^�.AI�N. 1VEBRASKA 68801 ,
<br /> NOAW�STBANK *'�'nAeerre uemTONAL ASSOCIATION (he�elnrJorcauedthe"Itustee'),whosemalilnpaddressls -
<br /> � ^ BOX 17�i8 G AND YSLANlI_. NF ,andNO;iwE5TBANK NEB�SKA NATIONAL ASSOCTATIOZJ ,(hsrainattar �---
<br /> �� called the"Benellclary),whose mauing address Is P 0 BOX 1768 GItAND I SLAND NE 68n02 . _. _
<br /> WITNESSETH: _
<br /> IF THIS BOX IS CHECKED ❑7HIS OEED OF TRUST CONSTITU7ES A CONSTRUCTlON SECURlTY AQREEMENT UNDER THE NEBRASKA
<br /> CONSTRUCTION LIEN ACT AND CREATES,GRANTS AND CONSTITUTES A CONSTRUCTfON SECURllY INTEREST IN THE PROPERTY
<br /> � DESCR/8ED HEREINBELOW. --�-
<br /> •, WHEREAS, Tiusroils lndebted to BeneBclaN 1n the prinClpal sum o1F T f HT Ii RED TEN THOUSAND AND NO/L 00----------- _
<br /> Doflars(5 A 10�000.OOj,whlch lndebfedness Is evldenced by Tiusrora promissny note bi�ae ,(herelnafler
<br /> " �� ralJed the"Note'�,payabfe ro the oider o/Beneficlary and hsving a matudry o/De cemb er 6 , 2009 .
<br /> NOW, THE'REFOaE,for the purposa ot securing:
<br /> " (a)payment ol the Note,together wlth/nte�est therean,late charges,prepsyment penaltles,siry lutme eaYancos,snd all9xlensbns,modiflcatlona
<br /> • substltutlons and renewals thereol, '�
<br /> (b)payment ol ell other sum�lees or chen7es,togethe�wlth interest thereon,acivenced ro protect the securlry o/thls Oeeaf ot lrust an[1 the periormance �-�
<br /> of the covenants and agreoments of Tiusror,whether or not setlorth harein,
<br /> � (c)pe►(amnnce dlschargo of und compllance wlth every term,covenant,obllgation end agreemont ol Trustor contelned here/n a lnwrporated by
<br /> • reference or any other secu�ity lnshumont at arrytlme glven ro secure the Note,and
<br /> (d)the repayment ot all other sums or IuNro edvances,wJth lnterest thereon,whlch may herero/ore have been or hereafter be aWanCed by BeneJiclery to —
<br /> Tiusror or Tiustor's successorin lnterest o�tltfe,
<br /> all of whleh Is hereinalter collectNe calfed the"Mdobtedness'.Tr s r Irrevocabh.g�ants and trans1e to T stee,!n trust WITH POw ER OF SALE,�hp �
<br /> � al� right, title anc��nterest possessed �iy �rustor in and to that property �.,;__
<br /> �esc��ie 1 o�n x�ibit A here o an 11 Trusto 's right tiCl an� interesC it� rand to th� ..�-,
<br /> • �e�nanent rigtiCepegtye�nnth�ySou�h�Ha��eofUt�enNort�westRQu�rter o�mL�n�la�, Ha��tCountyh `�:
<br /> e erence to �;.
<br /> Nebraeka. , �..
<br /> r { t t {
<br /> - �j�Tjl�al�bu9t�ings,sTiucTu�esuditTns,en/argements,modi/icatlons,rapalrs,replacements,and lmprovements now or hemalter located fhereon, �
<br /> (�a0 equlpment,machlnery and lixtures(lncluUing,wlfhout IimltaHon,a!I lightlng, heaHng,venHlaNnp,coo/ing,alr conditloning,s�irinkling and plumbing ,.
<br /> .� !u?ure�water and power systems,englnes,bollers,ranges,wens,dislnvashers,mlrrors and maniels,carpadng,lurnaCes,oll bumers,elevntors and •
<br /> • motor�rohlgeretlon plants or units,communlct+tlon syslems,dynamos,transfamers,eloctdcal equlpment,srorm and screen w/ndow&doo�swnings and
<br /> � shades)nav or herealter attached tq or bu!!t!n,arry bulfding lmprrwement or lmpraremont now or hemalter/ocated thereon,(IlQ all essements and rlghts ol ' "
<br /> �vey eppu�fenant theroto,(iv)all leaseho/d esta%right Ntle and lnterost ol Tiustor in and to al!leases,whether now or heieelter exlsting or ente�ad lnto P'�
<br /> (u�cfuding,wfihout IimlteUon,efl cash and secwiry deposlts,aWence rentels end deposits or payments ol a slmllar nature),pe►talning tharofo,(v)all rents.
<br /> issues,profits and ln;a,ne therelrom(subject to the rlght ot flustor ro copect and apply such rents,lssues,prolits and Income as they become due and
<br /> payable so fong us no event of default exlsts hereunder),(v!)all royal6es,m/neral,oil end gas rlghts and prolits,wate�wate�rlghts,and water stock,(vlq el! I
<br /> lenement�hereditttments,prlvilegos end eppurtenances befonging,used or en/oyad In connecNon therewith,and(v1i1)al!proceeds of convers/on,voluntary
<br /> a irnrolunfary, of any of tho loregoing inro cash or liquldated clalms(inc/uding,w/thout Ilmi�at/on,proceeds o/(nsurence and condomnatlon awarafs),all ol �
<br /> whlch Is herelnNror colfectivey called tho"Tiust Property':
<br /> 7n PROTEC7 THE SECURII'Y OF THIS DEED OF TRUST, TRUSTOR COVENAN7S AND AGREES AS FOIh$sYS:a int e T e s t in ~
<br /> 1. Trtlo.irustor covenants,warranis and agrees wrth Qenelrclary, i1s successors and asslgns,that firsro►�avk the�'nist Property lree Irom erty pdo�Ilen
<br /> or encumbrence,that thls Deed ol Tiust!s and will rt3msln a valid nnd snlomesble flrst!!on on the Tiust Property,thet 7�usto�at its expense,will
<br /> pBServe such tltle and wlU marntaln thls Peed of liust as a first and pnrnmount lien upon the Tiust Properry and wlll loreve�warrant and de(end the
<br /> velidiry and pdonry ol the llen hereol against tho clalms ol PJI parsons and parties whomsoever. 7rusio�at its expense,wil!cause thls Deod ot Trust,
<br /> and each amondment or supplement heroto,to be fifod snd recorded as a mortgage of the Tiust Property(n such manner und In such plsce and will
<br /> teko such acBon as In tho opinlon ol Tiusroe mey bs requimd 6y any present or future lew In orcior ro peAect.mainteln end protact rhe lion o1 thls Doed
<br /> a'T/usC as the same may be emended or supplementad fiom tlmo ro tlma Truslor wlll mako such lwther assurance or assurances ro perfect Its titlo ro I
<br /> tho Trust Property as mny be roqulred by Beneficlary. 1'iusror hereby rollnqulshes el!rfght o/daver antl homestead In end to the Trust Properry.
<br /> • , 2. Payment ollndebtodnoss Tiustor shall punctualy pay the p�Inclpal ol and Inferest on iho Indebtedness secured heroby. I
<br /> 3� Conswcbon ot fmprowmonts, Tlusror shall complete In goad and wortrmanliko mnnner sny bu!ldings,Improvements or repairs relafing thereto whkh
<br /> � �� msy bo begun an the Tiust Properry w contemplated by the loan evidenced by rhe Note socured hert�by.to pay when due all costs and��a6dities
<br /> fncurrod thertiaet 8nd not to�Dermlt any consmictlon lien sgalnsf sueh Tiust Property.In the went construchon o1 bwldmgs.�mprwemonts or repairs
<br /> tvo contamplated,Trustor also agrees,a�rythfng in thls Dvod ol Tivst to tho confrery nofwifhstt+ndmg;(o)to prompty commonce arry such wak end to
<br /> complotv tho p�vposod lmprovomonts promptry,(b)ro complooe tho samo m accordance with the plans antl specificanons es approved by BeneLc�ary.
<br /> (c)to mmpy wlth a1f tho rorms ol a bu!lding loan agrettment,el mry!behveon Tiusror and Beneliciary,the terms ot whlch are inco�porated here�n by
<br /> �� rpta�once and mndo a parf hemof,(d)to alfow Benvlrc(ary to inspect the Trust Properry at all t�mes dunng ronstruction,nnd(e)to replaco arry wo�k or
<br /> � .�,nra,m�o„nonuemrriw rn annat;dmv wirn;n 1lfman n51 dm,s alror wnrran noticolrom Benelieiorv ol sueh l9ct. �
<br /> -....__... ----- - ..�- -- - ------'- • �- -' .
<br /> • 4. Funds lor Paymont ol Chargos.Sub;act to spplicablo Isw or ro a wdffan waNer Dy[38ne�iC�ary, Tiustor sht�ll pay to Boneficrary on the l�rst dGy ol pach �
<br /> month,or such other dnto oach monfh as may be Speclliod Dy Beneliclary,unhl the lndvbtodness is pa+d in full,o sum Ihero�nafmr called the"Funds'") �
<br /> equ8110 1/12th o1 rho yaerty tnxos und ossossmonts�vhrCh may ettaln pnonry oror this Deed of Trust and ground rents on the Trus1 Properry,d arry,plus
<br /> •� 1/12th of tho ye?ary prr7mium insfellmvnts for ha2ttrcl lnsuranCq plus 1/12th ot the yeary pBmwm mstellmonfs fo�mort�agct msurancv,d nrry!all us
<br /> roASOnebfy ost/matod initlnliy nnd from trme to hmo by BenehCiary on tho baS�s ol essOSSments end bdls and ieasonab�e est�ma(es thareof. fiv Funds
<br /> ' shall Do hald(n an lnstitu(ron, MO deposrts a acco�nts ol wl�ich nro insured or guoranfe8d by e foderal or stato t+goncy�nclutl�ng 8enohaary.
<br /> - Bonoltilt�ry shall opply tho FunUs fo p�sa�d taxos ossossments,insurenCO premrums Und grountl rttnts.Benohdury shall not be rtrqu�rod 1c�poy
<br /> 1lusror nrty Into�est or oumrngs on�ho Funds.Bonpf�Cary shall gNO ro nustor, wdhout charge.an ennual accountmg of the Funtls shav�ng cmdds and
<br /> � doblts b tha Funds and tho purpose lor whleh oaeh dobit to the Funds was matl0. n�o Funds ars pledged as add,tronal socunry for tho Indobtedness '
<br /> � SOCUrCd by IhIS OeOd W TiusG II fh0 amount ol tho Fund3 helCl by BonUliaury. fogethor wdh th0 lutum monthfy instulfinents ol Funtls payablo pnor to
<br /> tAO duo daNS ol taarrS assessmentS insurance prtimiums nnd g�ound rontS shall nxcttQd tho omount roquirod to p:ry sa�d faxcts.aSSOSSmonts.
<br /> ( msuronCU promrums ontl ground ronts ns thoy 181!dua such excoss shnn be, at TiusbYS ophon.erthor promptty mpa,C ro t�usror or credded ro Trustor
<br /> �:,
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