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<br /> THI� ��ED OF TRUST, ie made ae uf ths�ath day of�C�III�_, 1�9g by and amon� I' � ='�':. .
<br /> Vie�nte Valadez ("'Cruetnr"), whosn mallinq nddreae te ` �
<br /> :�-_.
<br /> " 409 �. lOth Street, arand Isiand, IJG 6�801 ' ` n --
<br /> „ Nations Titie Ineurance Company ("'1'ru�teu"), wlic�ac mailing addecaa ta I� � 3_
<br /> 113 47eat 2nd Street, Gxand Ieland, NE 68001 • � `�`�-
<br /> • � and k2udnLf F. Plabe ( F3eneficiAry") wl�uso muilin� uddrea�Is , � �y:
<br /> „
<br /> 2608 W. Oid Fair Road, Grand Island, NE 68803 • � •�
<br /> i � .
<br /> FOR VALUA�LE CON$IDERt�.TION,Truator irrevoc.ably tranefere,conveys a�id aesigne to�Y�u�etee,lN ,r�„-
<br /> TRUST,WITH I'OWEA OF$AI.E.for th�benefit and security of Beneficiary, under and eubject to the torme '�
<br /> � and conditione of thie Deed of'IYuet,the real pro�erty located in the City of Crand Tat and____�County of ., "''
<br /> , Haii ,$tate of Nebraeka,snd legally described�e follows(the"Property"): The N50' af � . � �
<br /> the 5100' of Lot 25, of the County Subdivieion of part of the W� SW� Section 10, � ' �• '
<br /> Zbtimahip 11 Narth, Range 9 West of the 6th P.M., Hail County, Nebraska. � t"�
<br /> . ,�:�r
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<br /> f" ' ..-t,�'-r.f� ' :
<br /> �� '. 7.Y1(3ETH�R WiTH,all rente, ese�mente, appurtenances, hereditamente,intereete ir.adjoining raade, �:.: y�»�w��t.°--�"
<br /> etxeets and alleye.improvemente and buildinge of any ldnd eituated thereon and all personal property that may :'� �• --=-=--
<br /> ,.-.--. . _.:_
<br /> be or hereafterbecome an inte�ral pa�•t of r�uch huildinga and improvemente,all rropa raiseci thereon,sxtcl n11 � _��''�`� _
<br /> water right�. ,, �:,"'�`
<br /> I ��.��4�_��'
<br /> The Property and the entire estate and interest conveyed to the Truetee ure referred to collectively as the �� _ -, �
<br /> "7Yuat Eetate", �� .� -. —
<br /> FOR THE PURPOSE OF SECURING: I ��'����'��,- �
<br /> a Payment of indebtneae in the tota.l principal amount of$ 4,�pnn.nn ,with interest •<-�'''—"�
<br /> thereon, ae evidenced by that certain promiesory note of even dute (the "Note") with a maturttyr date of �4 , -
<br /> ..' December 15, 1996 ,executed. Uy�4uetor,wliich hae been delivered and ie pnyuble to the order of � " •_—°
<br /> . Beneficiary,and which by thie reference ie hereUy made a part hereof,and any and all modificatione,exten• �; �
<br /> , sione and renewale thereof,and , "�' .
<br /> b.Payment of all eume advanced by Beneficiary to protect the Truet Eetate,with intereat�hereon atthe rate I i � :,k,
<br />--_'_______- i of r.en percent( i i, vbj Per annum. � , ,.kc
<br /> . I ,•,:'n
<br /> - '1'hie Deed of Ttvet,the Note,and any other inetrumsnt�iven to evidence or fu��ther secure the payment and
<br /> ' . petrformanca of sny obligstion aecured hereby are referred to collectively ae the"I.oan Inetruments". � ••.�:;�
<br /> . ,'
<br /> TO PROTECTTH� SECURITY OF THIS DEED OF TRUS'1': i ':�_ , '
<br /> 1. PAYMENT OF INDEBT�UN�3S. Truetor ehall pay when due the principal of, und the interesC on,the I' �' `'"�' �`
<br /> {ndebtedness evidenced by the Note, chnr�ee, feea and all oi.her suma as provided in the Loan Inetrumente. : t't�"�
<br /> • 2. TAXE9. 7�uetorehall pay euch inet�+llment of all taxeA and epecial assesamente uf evory kind,now or heroafter � 's.�
<br /> levied agsinst the Truet Eetate or any part thereof,befure delinquency,without notice or demnnd,nnd ahall provide +a.M'ar �
<br /> . • Boneficiary with evidence of the payment of enme. Truetor ehnll puy sll taxes and aesesemente whivh m4y be levicd n '� �'�,N�`
<br /> upon Beneficiary's intereet herein or upon thie Ueed of Trudt or the debt secured hereby,without rebard to uny law that � ' �
<br /> may be enscted impoaing pnymeiit of the �vhule or any part thereof upon the Beneficiary. ':y��� ;�
<br /> .. 3. INBUItANCE AND REPAIRS. Truetor ahall mAir.t¢in Ctre und not extended covern�;e ineurance ineuringthe , . �
<br /> Improvemente and buildinge conetitutin� part of the Truat F.et�te for nn nmount no leae thsn the amount of the � 5�;
<br /> ' unpnid principal balance of the Note(co•in eurance not e:cceedin�;R076 perm itted).Such inaurttnce t�olicy ahall contain �,
<br /> aetandardmo��tgageclnuseinfavorofBeneGciurynndahollnotliecancelluble,terminubleormocli��iLlEwithoutten • � .,;.
<br /> (10)days prior written notice to$eneficiery.7'ruetor ehnll promptly repuir,muintain nnd replace the'1'ruet Eetate ur • • .:� �r,
<br /> any pt�rt thereof so thnt,except for ordinarywear end tear,the Truet f:atnte slinll not detcriorate.In no evontehall the • •� �%�
<br /> � Truetor commit waste on or to the Truet Eetate. �M`
<br /> 4. r�CTION3 AFCECTING TRUST E3'I'ATI;. Truator Ahnll appenr in and contest any nction or proceeding � ._.i1'
<br /> purporting to affect the security hereof or the righta or powere of Beneficinry or Trustc�e, and ehull p;.ay all coats und �
<br /> expenoes,including coet of e�idence of title and nttorney's feea,in nny euch action or proceeding in whtch Beneficinry , •
<br /> or Tn�atee may nppear. Should Truetor fa il to make uny payment or tv do any act as end in the tnnnner provided in �
<br /> any of the Loan Instrumente,Beneficiary and/or Truatee,ench in its own discr�tion,without ubligation so to do and ' � "
<br /> � without notice to or demand upon Truetor nnd without relaaeinq Truetor from any obligation,may mnlce or do the ,
<br /> . , eumo in such mAnner and to auch extent ne either may dcem neceseary to protect the security hereof. Truetor ehap, ! ,
<br /> immediately upon demand therefor by$eneCciary,pay sll coate nnd expenses incurred by Beneficinry in connectivn
<br /> � with tha oxerefso by benefciary of the foregoinQ righte,including�vithout limitc�tion coata of evide�ice of title,court ' •
<br /> coate,appraieale,ourveys nnd ttttorney's fees. Any euch coate�tnd expenses not pnid within ten(10)ciayB of�vritten ;
<br /> demnnd ohall drsw interest at the defeult rate provided in the Note.
<br /> �
<br /> 6. EMIIV�NT DOMAIN. Should the'II�uet Eetate,or nny part ttiereof or internat tl�erein,be taheii or damaqed by � ;
<br /> reneon of any pubHe irnprovement or condemnntion proceeding,or in uny other manner including deed in lieu of Condem• �
<br /> naHon("Condemnation"),or ehould Truotor recive any nutice or otherinformntion re�urciinQ such proceeding,Trustor ahull � _
<br /> giva pminpt written nodce thereof to Beneficiery. �eneficiary ehall be entitled to ull compeneation,awards and othet pay i
<br /> mente or rollof therefvr,and ehnll be entitled ut ita option to commence,appetu in and prosecutv in ite own name any action
<br /> ` � I or proceedinge. Beneficiary ehall also be entided to mnke uny compromica or settlement in connection with euch tuking or I
<br /> damsge. All euch cornpennntion,uwarde,damn�{�e,rights of action und proceede nwarded to'l�ustur(tlie"Yroceede")nre
<br /> — ... -- - . -- l.e...l...evei.r..e.i!n 12oxnSninw nnrl�1l�uaMv oahmu}n nvnnntn o��n1i P��dl�ur ncciomm�n}o.,f ti,o PM.,..m.ia na Rnnn�ninvv nr I . .
<br /> .�__ ._.____.. ._._ .....w,. «�.e...._.... ��...--_._,. _.._ "�"' _o._�._ ""__'____..._....._.�_.e....._..�_._'_"....'______'��_'� " �
<br /> �uetee mny xcquire. I
<br /> r
<br /> • 6. APPOINTMENT OF 3UCCE8SOR 1'E�US'1'EE. $enefic7ury mny, from time to tirne, by n «•ritten inAtrument '
<br /> executed and acknowlcdged by Beneficiary. mt►iled to Truetor anci Hecorded in the County in�vhich the'I�uet Estate fe
<br /> ' locuted nnd by ntherwiso complying vrith the provieione of the npplicable Inw of the State of Nebrasl�a subatitute a eucceesor
<br /> ., or succeeaore to the'Ilvetee named herein or acting hercunder.
<br /> � ' 7. SUCCESSORS AND ASSIGNS. Thie Deed of'I'ruet applies to,inured tu the Uenefit of nnd Uinde all partiea hereto, I
<br /> their heire,legateea,dovicees,personal repreaentativea,eucrcesore nnd arisi�nd. The term"Beneticinry"ehnll menn thr
<br /> , owner und holder of the Note,whether or n�!t nnmed ae fleneticinry hercin. !
<br /> 8. 1N9��C7'IONS. Heneficiary,or ite ugents,representarivca ur workmen,uro nuthorizE�to cnter ut nny rcuevnablc I
<br /> time upon or in any pfut of the'Il�uat Eetnte farthe purpose c�f inepoctin�;the exme nnd for the purpoae of perfurming ciny of I
<br /> the ecte it fe authorized to ncrform under tho terme of any of the Loun Inetruments.
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