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<br /> THIS TRUST DEED,mado thln 12th daY of December ,19 y4 ,by und amanp tho Truntor, Robert G. Mallum ,p-_.
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<br /> � and Karen S. Mallum, husband and wife ' ��"�
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<br /> " • J Ihoro�n'Borrowor"1. . v:�.
<br /> 1 whoso mailing nddrese ie 305 Phaasant Drive, Grand Islarsd i Nebraslca 68801 t.'a
<br /> ond FiraTior Omaha, Nebraska _,(ho►oin'Trustoo"),ond tho �
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<br /> Benoficiory, FirsTiar omaha, Nebraska ,whoao rnelUngnddrossis 1700 N rarnam Street
<br /> Omaha, Nebraska 68102 �-�-
<br /> Iheroin "Londor"1.
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<br /> BORROWER,in oonsidoration of tho Indo6iudnosa horoln raoefvad and tho trust horoin oroatod,irrovooubly prunta,trunafors,convoys arul a3uipns to
<br /> Truatoo,in TRUSY,WITH POWER OF SALE,tho following desoribod property,loontod in Hall County, Nobruska: j�.
<br /> Lot Two (2), Hidden Lakes Subdivision Number Two (2), beinq a part of the Southeat�t is " ,�> �4�•�
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<br /> � (SEii), Northeaat �x (NE�i) and part of the North �S (N�) Northeast � (NE�i) Southeast §(SE�i) �:�;�!�;�c�°•_�:
<br /> � of Section Thirteen (13} , Townshi Eleven (11) North, ttan e Nino (9) t+lest of the 6th P.M., , ' '�'.;�":'��Z�`'
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<br /> Hall County, Nebraska. ,.y.=��=
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<br /> TOGETHER with nll buildings,fixturos, improvomunta and appurtonnnooa now or horoaftor eroctad thoroon ond all riphts•of-woy,oasemonte,ronte, �
<br /> iasuos,protits,inoomo,tonemnnte,horeditamonts,privflegvs,nppurtenences,royaitios,and minoral,ofi,gae und water righte thereunto bolonging,used ..
<br /> or enjoyod with aefd land or any pnrt thoraof,nll of whlah,inoluding raplacomonte and additiona thoroto ehall bo daemod to be and remain a psrt af ��i
<br /> tho p►operty covered by thia Truet Deod;end ell of tha foregoing together with eeid propercy are heroin reforrod to es the"Property."
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<br /> TO SECURE to Londar tha ropuymont of Indobtodnoas uvidonaod by Borrowor's Homo Equlty LJno Loan Agroomont and Homo Equity Noto dntcd 's=_ �_ -a-�-
<br /> December 12 , 19�4 ,together with any and nll ronowele,modifioationa,and oxtanalons thoroof end eubetitutione or oxchanpes therofor 'r �
<br /> Iherein tho"Noto"1 in the maximum principal aum outetanding at ony ono timo of 8 �,000_00 ,topethor wlth Intereet et tha rato �' �,�
<br /> providad thmoin, wfth a final mnturity,if not soonor paid,of D - . UeY 1- , 1 9�,nnd as eooudty for eny futuro edvances that moy �,�,�,�.,,,�;'�s'','_s
<br /> bo mudo by tho Londor to tho 8orrowor irom timo to timo and ae soourity for tho paymont ot any and nll othor fndobtednoss of tho Borto�var to tho ��••„�'�;s�=,
<br /> Londur whiah mny arioo,ail of sald sums not to axcood in tho aggrogoto o sum oqual to throo timos tho originul prfnoipal amount ot tho Note. For � f'.z :�
<br /> puryosos of the Homo Equity Lino Loan Agroament,paragwphs 2, 3,4, 5 and 11 baiow sholl 6o dnomod covononts rolatlng to tho Property. ��:
<br /> BORROWER covonants thnt tho Borrowor ic lawfully soizod of tho Proporty horoby oonvoyod and hos tho right to grant and oonvoy tho Proporty,that v`' . ''�
<br /> tho Proporty is unoncumborod by any mortgago, truat dood,controot to purahaso or othorwiso,oxcopt for n NA �:�-
<br /> NA in fnvor of NA
<br /> on which tho unpaid balanao on thie dato dooe nat oxcond 8 NA . Tho Borrowor covonantn to oomply with oll tho torms end
<br /> provis�ona of any prior mortgngo, tn�at dood or contract to purchnso, upon tho Proporry nnd to muko oll poymonte thoroon boforo ihoy boaomo � '
<br /> delinquant. Ii no namo or amount fs ineortod fn this perugraph,then the Borrowor aovonanta thot thoro aro no prior Iions or oncumbranooa of ony kind .
<br /> upon tho Praperty. Tho Borrowor furthor covonante to warront and dofond tho titlu to tho Proporty eflainet eii claims and domanda.
<br /> Tho Borrowor nnd tho Londor turthor covonont and ogroo ao foliows:
<br /> 1. Tho Borrowor shall promptly pay whon duo tho principal�nd interoet on tho indobtodnoes uvidoncod by tho Noto.
<br /> 2. At lonsi tan days boforo thoy bocomo dol�nquont, Borrowor shall pay all toxas and spociel assassmonts loviod �r assessod eqainst tho I
<br /> Proparty,o�ony pnrt tiwroof, and all texos,lovioe and aesoasmante loviod upon this Trust Dood or tho dobt which it�acuros. ,
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<br /> 3. Th+�Borrowor ehall koop tho Improvamonts�nd buildinfls, if any,upon tha Proporty insurod, with a oompany or companios opprovod by tho �
<br /> Landor, for an amount not loen than tho unpaid bolanco on tho indobtodnass socurod by this Trust Doad with u standr�rd mortgago clauso !
<br /> with loes peyablo to tho Londor. Tho Borrowar shull dolivor enid polioy or policios to tha Londor.
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<br /> ` In tho avont ot e loss. Iho Borrowor shnll giva prompt notico to tho insuranca curriar and tho Londor nnd fiio n proof of loss. If tha Borruwor iA not , ^
<br /> otharwisa in dofault,tho Borrowor may oloct to apply tho ineuranco procooda to ropair or ropluco tho damagod Proporty,if oconomicttlly foasiblo,and
<br /> tha eocurity oi thfe Trust Dood woutd not bo impairod. If tho Borrowor ie in dofnult ar alocts not to ropair or roplaco tho damngod Proporty or rapair
<br /> or roplacomont would not oconomlaally tonsiblo or the soaurity of this Trust Deod would bo impofrod thon tho insurnnco procoode ehall bo appliod to
<br /> ' tho last muturing paymonte duo on tha Note. If tho inauranco procoods oro in oxooss of tho total amount duo on said Noto, tho oxcoa�shall bo paid
<br /> � to tho Borruwor. Insuranca pr0000de for ropair or ropincomunt ohall bo placud in oacrow with iho Londor and disbursod by tho Lando�dunn�or upon
<br /> complotfan ot such ropolr or ropluoomont. if tho Londor acquiros titlo to tho Proporty by oxorcising its powor of solo,foroclosu�o or o�horwfso. �n
<br /> satiefaction of tho indnbtodnoes anourad horaby, in wholo or In part,thon ell right, titlo ond intorast of tho Borrowar in and to such insuruncn policy
<br /> „ , or poliaios shall p�ae to tho Lnndor.
<br /> 4. Tho Borrowor shall koop tho Praporty in good ropoir and shall not commit woslo or pormi�impa�rmont or dotanoration of tho Proporty.
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