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<br /> ��KS
<br />� THISDF.EDOFTRUSTIsmadethis.Zth_dsyW i1 nmh ,19�1�,byandbeMroen RPp� an� Hp'p�TQC„
<br /> � �A7ehraaka Cnrneration whethar ona or more (herelnafter calAedthe"Tit�stor"),
<br /> � whose meilingaddressls P.O. Box 1015, Grand Island� NE 68802 ,
<br /> NOkLVESTBANK �I{•j2,•aska�Nat�tonal Aseociation (hereina4�rcalk3dthA"Tiustne"),whosemslYngedOrns9ls `
<br /> . 202 41. �rd St_� Grand Taland� NF. ,andNOAWESTBANK Nehraeka� Nat�.onal Aseociation ,(flgrgingRet
<br /> caded tho'Bene6clary'),whose mafllny addross!s 70 k*. �j C t•, -ran�g],3g�, NP. 68801 ,
<br /> • WITNESSETH:
<br /> /F iHIS BOX IS CHECHED �THIS QfEO OF TRUST CONSTlTUYES A CONSTRUCTION SECURIIY/IQREEMCNT UNDER 7HE NEBRA51fA
<br /> CONSTRUCTION LIEN ACT A ND CREATES,OHANTS AND CQNSTITUTES A CONSTRUCflON SECURITY lNTEREST IN THE PidOPER1Y
<br /> OESCRIBED HERtINBELOW.
<br /> „ WHEREAS, TmstalslndabrodtoBenofic/ary/ntheprinc/pslsumol EIGHTY THOUSAIJD AND NO/100---•--------- -- ---
<br /> Dolls�s(S�0_,OOQ.00�,whichlndo6tednesslsevldencedbyTiustoYspromissorynotedotad nPCemher 7 , 18 �4,(herslnatter
<br /> called the'Noto"),psyable to the omer o!Benetidary and having a matudry ol Anri 1 10 , 19 9 S ,
<br /> . NOW,TNERfFORE,lor the purpose ot secudng:
<br /> � (a) Qayment ol[he Not�together with lnterest Nera�n,lete chrt.ge�prept�yment penalt/os,arry future advancoa end all extenslonst modficafion:t
<br /> . subs6tuUOns an0 ronewals thereof,
<br /> (b) peyment W al!othor sum�fnes or chaiges,togethor with lnte�est thereon,advanced ro protect d►e secu�ry ol thls Uaed ol Tiust end the podiumar�ce
<br /> ' o11he carenants and agreements of Tiustoi whetker o�not set lorth hereln,
<br /> (c) padamnnoe,discharQe o1 and comp!lanCe wilh ewry lbrtn,cwenant,o6flgaUon and agreement of Tiustor Contaln8d hert3fn or lncorpasted by
<br /> reforance or ery other securiry lnstrumant af erytlme giwn to secuie the lJote�and
<br /> (d) tho repayment o!all other sums o�future advance�wlth Interest the�on,wh/ch may hererofore havo besn or herealte�be ndut�nCed b/8ene(klary ro
<br /> Tiiustor or Tiustors sucCessor In Irtferest or titl�
<br /> all d whkh Is herr�inafter collecthety called the'%ndebiedness';Tiustor Irrewcabty q�ants and rransters ro 1lvstee,!n hust, WITH POWER Of SALE,fhe
<br /> follav/ng c'escnlwd PropertY.
<br /> Lot Four (4), Jeffrey Oalce Second Subdivision, in the City of Grand Island, Hall
<br /> County, Nebraska
<br /> fo�ethe�n�1h(q all buifding�stnrctuie�sdditlon�onlaipamentS moddicaUon�rapalr;�rep/ucement�and lmprarements now or heiea/tet kcetod thertwn, �
<br /> . (II)8U equipmen�,m2chfnery snd fixtums pncfuding,without l/mitet/on,all Iigh[ing,heaUng,wnt(lut/ng,copling,a!r CondiGort/ng,sprinkf/ng andplumbing �-
<br /> fixture�, v.ater nnd power system�englnes ba+lor�renge�oven�dishvashe�minors snd mar.tvl�carpeting,lumacos,0!1 bumerg elevatas snd N«`
<br /> moforS rehigeraUon planta o�uNts,communlcatlon system�dynemos,bansformers,elochlcal oqulpment,storm and scrt�en wirtda,v�doora ewnings and �
<br /> shades)nav a Aorealter attached ro;or bu!!f!n,any 6ullding imprwement or Improvement nvw or hereahvr foceted thereon,(1!!)all easemenfs and rights of
<br /> wny eppurtensnt thereta(!v)ell loasehold estete� rlght title and Interest of TlustOr(n and ro all leases,whether now o�heteaRer exlsting Or enfeted Into pa.;.
<br /> (including,wfthout limitatlon,a1f cash and secunty deposits,sdvr3nnce ren[als and deposits or paymonts ol a simifar natme),perta/ning thoisAt(v)all rants, '>���
<br /> Issues,prolits e3nd lncome lherelrom(sub;eet ro the dght o!Tiusror ro coCect and apply svch ronts,(ssues,profits end lncome es they becorne due end -.=
<br /> peynbfe so bng as no event oi default exists heraunde�),(vq e!1 royaltieS minernl,oil and gas rights end prolrts,wctter,water rlghts,artd water atock(v!!)a(1 _
<br /> tenement�he�etl;temonf�prlvlleges snd appurtenancc�s bslonging,used oi en/ayed!n conneGlon therewlth,and(v111)a1I procoeds ot Conver,bn,voluntary
<br /> or lmrofuntwy, ol arry o/tho foregoing lnto cash or IrquldaNd clalms(inciuding,wlthout IimiteUon,proceeds ol insurence snd condemnatron awsrds),a!I ot °
<br /> whkh!s herefnaltei erollectivey Cef/ed the'Tiust Properry"
<br /> 7t7 PROlEG7 THE SECUR/lY OF 7HIS DFED Of iR�LIST, TRUST(7R COVENANIS AND AGREES AS FOLLUWS:
<br /> . -, 1. Ttlo.fiufor cavennnt$�vmrants and agreos with Beneflclary,Its successors and asslgns,that Tiusror avns tho Tiur!Properry Irtte trom arryr pdor lien
<br /> or e�tcumbrenc�l that fhls Deed of Trust!s snd wlll iemain a valid and enfaceahle lirst lien on the Tiust Proparry,that Tiusror,at ifs expensB, will
<br /> �l presenro suGt title and w!!1 malntaln ihls Deed d Trusf es e lirst and paramount Iren upon tho Tiust Prvporty snd wilf forever wanant snd defi nd the
<br /> valldity snd pdonry o!tho 1(en horeo/agalnst tho cfeJms ol all persons and partlos whomsoever. Tivsro�at rts oxpense,will cause this Deed of Tiust.
<br /> � nnd each emondment or supplement heretq to be/ilod and recpniod as a mortgage o/the Tiust Property!n such manner ond!n such p,'sco and will �
<br /> ' � teke such adlon as/n the opinlon of Tiustno ma/dc�requfrod by sry present a luturo law!n oafer ro perMct,maintaln and protact tho Iien of this Deed
<br /> of Tiust as Iho seme�ray bo nmended or sappktnrenfod Irom ttmo ro tima Tiusror wlll makB such further assurariCe or assurancos ro perfect Its ti[le to �
<br /> the Tnut Properry as mey be raqulred by Bene!'�Clary.Tiustor homby rulinqulshos ali nght of dow0�end homestead In ond to tho Trust Pnoperty. ;
<br /> 2. Paymenr ef lnde6tedneSS Tiusror shall punctualy pay fho pdnc/paf ol ond fnrorost on tho Indebtednoss secumd hereby. ;
<br /> ' 3 Conshuc:u�oJ Improvomentx Tiusfor shall c�omplofe in good end workmsnlike msnnor ary bwldmg�impravemonts or repalr3 rorating thereto whrch �
<br /> may be oegun on tho Tiust Properry or contomptated by thp ban evidertced by the Note secured ho�eDy,ro pay whon due all costs snd�abilitios
<br /> lncvnad therelorot and rtot to parmlt tirry conshuctlon Iron agalnst such riust Properry.In the avent constnict�on of bwldings,impiowmenfs or mparrs
<br /> nre con�empla[ad,Trusror also agroea urryWng In thls Dved oi Tiust ro tho conlmry noevithstandmg;(o)ro promptry commonce nny sucn xnoik vrtd to
<br /> � eompkte tho p►r�posed Impirnrements prompdy,(b)to comp;oro tho somo in accordt+nco wrth the p/ans and spocdreatrons as epproved b�Boneficiary,
<br /> , (c)to Comp y with al!the tsrms ol n truAdrng foan agroement,il erry,bcrt�veen Tiusror nnd Benvf�c�ary,the rorms ol which are mcorporetad hprem by
<br /> �oM Mdb o bN/u�an//dl M dL�u�OM../:n:��.�..����..� .
<br /> �r�'�.ti��_' '._..",_"" ' _ �
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<br /> matonals unsatts/actory ro 8oneficiary wlthm frRcon (t5)days n/rer wntron notrco hom Bnno6c�ary ol such tact
<br /> � 4. F�nds fa Paymonf o/Cha�7os Sub,'ect tn app!ftabto Imv or ro u�mtten waivor by Bttrtolicidry, Tiustor shaU pay to Bonehcrary On tho lrr�t day o1 each
<br /> � month,or such other dato ettCh month vs may Do specrfrr�d by BoneliC(8ry,unhl the Ind2btednoss is pard�n lull,Q sum(hCm,nnfror caCad Ihe °Funds'7
<br /> • , oqu31 M 1/12th ot the yC?aHy►axus and o.ssessments wh/ch mny att8rn pnonry wer this Doctd ol Tlust and grountl mnfs on the Tiust Properry. rf arry,ptus
<br /> 1/iTth o!Mo year�j premlum instaltrndnts fa hezarcl tnsurrtnco,p/us i/tZth of tho yvarty premrum mstellments�or mor�gpgo insurortca rf ary, an os
<br /> � • roosonably ostimntod Indrrllly end Irom timu to hmo by BeneGCrary pn thn basu ot csse.umants and bdls and masonnD/o eshmnros tho�a'Tho F�nds
<br /> ! shai!bo hold fn an lnstituNon,tho dopOSita or et�Cpunts o/wh(ch em msurCd o�guar3nteed py a federul or staro ngonGy mcfudrng Benefruary.
<br /> BunefiCiary Shn//pppry tAO Furtds ro pty sad taxns, assossmCntS msuranco promiums nnd ground renta Baneliaary sha11 not bo royurretl ro pay
<br /> Tiustor urty inrorr3st or onmings on tho Funds Oenr3f�ciary shall grm ro Tiusror,w�thout chnrgo.an nnnual accounnng ol tho Funds shavi�g crodds Qnd
<br /> � debits ro Mo Funds nnd tho pwposo�or wA�cJ►each dob,t ro tRO Furtds was modu. TAO Funtls oro p.'otlgod os ndd.honal socwrry fo�tn�Indebrodnoss
<br /> � , SOCUrtd by thls Ooot!01 Tiusf.ll tho ttmount o1 MO FunAS he7d by Bon(Tfraory, togUfher w�M Mo IuMrt3 monthfy mstnllmen7s ol Funds payaGb prro�b
<br /> � . tho duo Uatos of taxoS assossmontS�nsuranco premmms and y.vuntl rentS shall excvoU tho pmount nlqu�rod to pay se�d fax�rS assessmertts.
<br /> insuranco pmm/ums and ground�onts os they la:l dua such oxcoss shnll ba m Tlusror's optron,orthor promptry mpa�d ro Tiustor or emd�tea to irusto�
<br /> ;�. . rrc r��as A�m n�v���zo�m�
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