|
. ...ry..^�� . i� ••n_t.n� a� •i � ..
<br /> . ..�1A,� � �' _ _.
<br /> ,, .,»af1Y .�� . ....t.,�r=-��,-,�+�- --...m..��.-
<br /> =� �ts•= � � .. - r}ti � ._�.-'ii'trsrJ'-�-.-_.
<br /> ' .. . -.. .. . . . . . . . ,
<br /> ..-� . •i . . -......� -�s g�y y
<br /> �� - � �1. �'N.. .. .. . . - • •�• j[`rl�(IW�'�"Sy!�.._ "1{AR�j��''iF1S�+7'F+w�i�TF� _
<br /> ��.w�.`4�• ,v...rr- - ....- • � iy � " . ._ ....... �. ',• -. .._. . t. �.�.a,.....�.._ — —
<br /> _.•. I71tM(.`N?�d4Yf�v "-�— .
<br /> -_-.'�,�74�RisRxA47P+N.G�M�'A4i+i97iF - �
<br /> . . ._ . . . . . _ �..�.�--..o, .._.__. -.......
<br />_L.4..��.r.�.��4_� Imi1�I — - ..
<br /> --�;--------—_— J (, �''ll �,_-.
<br /> • �n � �, ��:v;,�,.
<br /> , o ��• \ hi n � . m . .
<br /> � r L.
<br /> _ (� � . Pl :.�: �. „�,�� (� •'� `p�.y GL -- ..
<br /> ' ri� t! � xe�l C7 �; :,,j �w� �y� -
<br /> - � �1J n :�. ., �� �,m� ::; ,,, .�� <n+ �
<br />. � � -� � 0 � v
<br /> �� ( � � � �
<br />.�.r , . � � � ,� `,., + � ,}r,� �
<br /> 77
<br /> .. � . "ZJ i%. CU Q �
<br />- ' ,. � .*i o � r ji � r" �_
<br /> �
<br /> r.� �� 1V �e "►7 '�
<br /> . � A
<br /> , n �, F��+ 4 v � �'"'
<br /> C7"
<br /> � � r�s��l lI���L \p - •- ::
<br /> ' MidllydT B/WXS
<br /> . .. �
<br /> ° THISDEEDOFTRUSTIsmadedds�th_drryol IlPcember , 18��,bynndbolwecin �ed and Re�, In�,,_,
<br /> � a Nehraaka �or�oratio� _whethar ona o�mort�(harafneMe�caDed tho"Tiustor'),
<br /> f' '� whasa mNlingadd�essl9_p,.D_Rax 101 5�rrand Tglgnd� NE h8802 ,
<br /> NOfiWESTBANK Nebraska. National Aaeociation (horelnatorcolfedtha'•Trustee�,whasoma�ungeddressls
<br /> � • 202.W. 3rd Se.. Grand Island. NE , endNORWESTBANK Nebraska, National Aaeociaeion ,�heretneJter �
<br /> � , ca�kdthe"Beneilclary'),whosamallingaddressls 202 W. 3rd St.L Grand Island. NE 68801 ,
<br /> � WITNESSETH: ----
<br /> •' � /F THIS BOX IS CHECKED�J THIS DEED OF TRUST CONSTITUTES A CONSTRUCTION SECURl1Y A(�REEMENT UNDEl�TNE NEBRASKA _
<br /> CONSTRUClION UEN ACTANO CREATES,ORAN15 AND CONSTITUTES A CONSTRUCTION SECURIN INl'EREST IN lHE PROPEFITY
<br /> DESCRIBED MEREINBELdN.
<br /> ,. WHERFA�1)ustor Is Indebted ro Bc•nefklaryln the p�/nclpal sum of SIXTY—FIVE THOUSAND AND NO/1U0----------�---�— _
<br /> Dollars(S12�QQ�,Q�), whlchlnriobtedness Is evldenced by Tiusrors pmmissory note dsted DeCembeX 7 _, T8 94 ,(here/naffer
<br /> called rhe•'Note"),payeble to me order ol Benelic/ary snd having a maturlry ol June 9 , 1995 .
<br /> NOW,THEREFORE,tor tho purpase ol secudng:
<br /> �� (e)payment ol tho Note, logether w/th Interest the�on,late clearge�pmpayment penslt/es,ary lutu�a advances,and all exf+enslon�modNicaUons,
<br /> su6sUtutlons end mnewals fherrint
<br /> ' • (bJ payment of all othar sums, lees or charees rodethor wlth intarest fhareon,advanced ro protecl tho secunry ol thls Doed of iiust and the pedormartce
<br /> o11he carensnts end agraements of Trustor,whethe�or not set foRh he�ln,
<br /> . � (c)pedormance dlscharge o/and campl/ancn w!►h ovory rerm,covenent,obllgatlon and agrecrment ol7lustor contained harefn or/nco�porated by
<br /> • refemnce or any othei securiry lnshumont st snyt/me gNen ro socure the Note,and
<br /> . (�the rapeyment ol all other sums o�luture advance&wifh lnrere�t thereon,whlch may he�erofore have been or herer�lror be ndvanced by Beneliclary m
<br /> <: 7Yustor or TiustoYS successor!n/nterest or tltle,
<br /> all o!whlch!s he�olnefte�colfectivey called lhe"/ndebtedness'; 7Yusror lnevocabty grants and transfers to 1Fustee, ln wst,W/1"H POYVER OF SALE,the
<br /> ,, lollowing desCrlbed property: =
<br /> , Lot 1t��o (2) . J�effrey Oaka Second Subdiviaion� in the City of Grand Island� HaIJ. �
<br /> •• County, Nebraska. "'�'
<br /> �:
<br /> rogeNer wlth(1)all 6ufldings,svucNres,addltions,enlsrgements,modi/ICations,mpnlrs,replacoments,and lmprovements nav or hensaRer focated thereon, -
<br /> p!)all Bqulpment,mach/nery and lixturee(lncluding,wlthout limltatlon,all IighGng,heaGng,vent!/aUng,cooling,alr conditloning, sp�lnk!!ng and piumbing —
<br /> ' tlxtum�water and p�xver systems eng/no�bdlers,renges,wans,dlshwashers,mlrrors and mantels,carpet/ng,/umaceS oll bumers,efevators snd �_
<br /> motor,� rel�lga�etlon plunis or urrit�commumcatlon systems,dynamos,trenslo�mers,electrlca!eyulpment,storm and scroen wlndow�doors,ewnings artd �
<br /> • . . shados)now or heroslter etfached tq or bullt In,any bu!lding lmprovement or lmprovemertt now or hereaker►ocaled theroon,Qi!)all easements end dQhts of �
<br /> .. way eppurtonnnt thereta(ivJ au leasehold esiars dght,Ude and Interest ol Tiustor!n and ro al//eases, whethar now or herealter exlstlng or entered!nro ��:�'
<br /> (IncNding,wlthout Ilmitetlon,aA cash and security deposlt�advance renfals and deposits or payments ol a slmllar natur�),peitalning the►etat(v)all rents, -
<br /> lssuos, pmllts and lncome[harefiom(sub/ect to the rlght ol Tiusror to collect and eppty such rents,lssue�profds and Incomo as they 6eeome dus and �:. ;
<br /> payabla so long es no eront of delault exlsts hereunder),(v1)ell royalUes,mineral,011 and gas rights end pro�its,weto►,water dgM�and wate�stoCk,(�Iq slI �
<br /> • tenement&hereditemor�ts,prlWegos end sppurtonunces be/a�ying,used or en,oyod/n connectlon therowlth,and(vilq e0 proceeds oi cornrersfon,vofunt8ry •
<br /> or lnwfimfary,ol arry ol the loregoing!nro cash or Ilquldarod Galms(including,without IimJfatlon,proceeds of Jnsurance Rnd condomnatlon awmds),all ol �j
<br /> whlch is hei8h�alt(trC011ectivefyCAlled the"Tiust Property': �r•n�
<br /> . 1t7 PROTCCT THE SECURI�Y Of THIS DE'ED OF TRUST, TRUS�t7R COVENAN75 AND AGREES AS FOLLOWS:
<br /> " 1. ftle.Trvsror cavunant� wonants and agrees with Benelklary,its succes&ors and assigns,that IYusror avns the 7rust Propady f�ee Irom eny prlor lien
<br /> or encumbrrince�thaf thls Deod ol Tiust!s and wlll remaln a vnlld and enforceeb/e llrst!!en on the Tiust Proporry,thal Tiustat at!ts expense,wlll
<br /> � ►aasarve such 6tle and wfAmalntatn thrs Deed ol Tiust as a Ilrst and paramount llen upon the Tiust Properry end wID lorwer wansn�end detend the
<br /> va//diry ertd prloriry d the 1',en heroot agelnst the clalms of a0 pe�ans and partlos whomsoeve►.Trusroi et I(s expcnse,vrrll causo this Deed ol Tiusr,
<br /> &rtd oach amendment or supplemant heret0.ro be liled und�corded as a mortgage of the Dust Properiy In such mannor end In such place and will
<br /> take such action as m fho opinfon of Tlusteo may bo mquimd by any presont or luturu(mv In order ro perfocC mnlnta/n and promct tho Ilon ol th(s Oeod
<br /> i ' of Tiust, es tho seme msy be omendod or supplomonted!rom tlme ro Nme. 7iustor wlll make such lurther assumnco or assuroncos ro peAect!ts fltlo to '
<br /> • tho Trust Properry es may bo roqulrod by Boneflclnry.Tiuscor horeby rellnqulshes all rlght o1 dower end homestead in and to Ihe T�ust Propsrty.
<br /> 2.Poymortt ol lndebfednoss irustor shall punctuaAy ptry the pr/nGpnf o�snd lnte�est on the Indebtedness sacured hereby.
<br /> • a ConsWCtlon ol imprw�;mvnts Trusror shnll comploro!n good and workmanqlro mannvr ar y burldings,fmprovomonts or rtrpalrs rolaBrtg thororo whlCh
<br /> mary bo bopun on tho Tiust Property or contompinrod by the loan evldenced by the Nota securod hereby,to pay whon duo eu costs end lfablli8es
<br /> lncumtd fhomforot snal nol to pem►!t ony constructlon Ilen ngainst such Tiust Property.In the want constructlon of buildings,improwments or repalrs
<br /> aro cantnmplarod, Iiusror also agreo�a�rythfng!n rhls Oaed ol Tiust ro the controry nonvithstantling;(a)ro prompty commenc�arry such work and to
<br /> ,� comp.'ato fho proposod Imprpwments promptly,(b)ro complete the same In accordance wlth the plans t+nd speciBCatlons as apprwod by Bonaliclary,
<br /> (c)ro compy with s!I tho[erms o!a 6uUding loan agroement,il arry,beM�&on Tiustor And BeneliCfery,the te�ms ol wh/ch aro 1nCprporated hereln by
<br /> � mferonce ond mado a part horool, (dJ to allaw Bonolrclary to inspect the Tiust Proporty at a!1 tlmus tluring conshuctlon,end(eJ to mp/ace eny work or L
<br /> � _ _ _ .._. .
<br /> _" --- mumnnis unsaosiactory to ovnoncinry wimm mmon��a)vays eiior wriiivn nvirw irom oenenciary oi suc'n iacr. r -
<br /> _ r " 4.Funds far Paymont of Ch�rgos.Sub;oct ro applicablo law or to a wnttvn walvei by Benollclary, Tiusro�shall pay ro Bonuficlary on tho first day of oach
<br /> � monN,o�such other daro oach month as may be spoclfied by Beneliclary,until the Indebtedness is pald!n lull,a sum(he�inafte�called the"Funds')
<br /> oqual ro 1/12th ol tho yoniy taxns ond assossmonts whlch mtry atteln pnonry ovor th(s Dood of Tiust und ground ronts on tho irust Property,if arry,plus
<br /> � 1/121h ol fha yoarfy prttmrum Inste!/monts for hozaid insurenct�t plus 1/12th of tho yvur.y premium instnllments for mortgnga insuranco.if nrry,nll as � �
<br /> roasonabfy ostlmated►nitlaly ontl trum tlmo to tlme by Beneflclary on thp bas/s o/assessments entl bllis ond rerasonablo oshmo(t+s thoreof. Tho Funds �
<br /> ?� „ Shall btt held!n en lnSfifuNOn,tAe deposit8 or ecCOUntg ol wh1Ch are Insured or gunrttnteed by v loderal or stato agoncy Inc/uding Benaficlnry. ,
<br /> � Bonoliclary shnll appy iho Funds[o poy sald taxos,nssessmvnts,insuranco prumiums and ground ronts Boneliclury shall rpt be requlrod ro pay �
<br /> S Trusror any Intoiost or parnmps on tho Funds.Banoficlary sha11 grve ro Tiustor, wrthout churgo,an annuaf accountmg o7 tho Funus snowing cmtlits and i
<br /> dablfs b mo Funds ond tho purposo for which vuch dobi�ro Mo Funds was mado.The Funds am plQdgod as edd�tfonal secunry lor tho Indebtodnoss
<br /> • socurod by thls Deed o!Trust.If Ihe umounf o/tho Funds Aeld by 8oneliclary, fogother�vith the futum monthy Instalfmonts a'Funds payab/o prior to
<br /> Iho duo dutos of taxos, ussessments,lnsumnce prt�m(ums snd ground rt�ntS shnll oxceed tho amount roqunpd to pay sard taxos, asseSSmontS
<br /> � rnsurenco pmm(ums and ground rcents as fhoy fttlf dua such 9xcvss shnll bp,ut Trusror's optlon,vifher promptty rcpnrd fo Tn,stor or ciudrrod to Trustor
<br /> � nc raio�u�rn as-.rons�
<br /> i__
<br />
|