|
THIS DEED OF TRUST is made on this 21" day of December, 2004. The Trustor
<br />(whether one or more) is Roger F. Doud and Shelly M. Doud, Husband and Wife, whose address
<br />for purposes of notices in respect to this Deed of Trust is 4044 Patchwork PI., Grand Island, NE
<br />68803 and is sometimes herein identified as Borrower. The Trustee is Arend R. Baack, Attorney
<br />at Law and member of the Nebraska State Bar Association, whose address is 104 N. Wheeler,
<br />P.O. Box 790, Grand Island, NE 68802 -0790. The Beneficiary is Dr. Dennis Doud, whose
<br />address for purposes of notification under this Deed of Trust is 104 Prestwick Ct., Greenwood,
<br />SC 29646 -1109 and is sometimes herein identified as Lender.
<br />BORROWER IRREVOCABLY CONVEYS TO TRUSTEE, IN TRUST, WITH
<br />POWER OF SALE, THE FOLLOWING:
<br />Lot Fourteen (14) in R & B Subdivision in the City of Grand Island, Hall County,
<br />Nebraska;
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements,
<br />rights, privileges and appurtenances located thereon or in anywise pertaining thereto, and the
<br />rents, issues and profits, reversions and remainders thereof, and such personal property that is
<br />attached to the improvements so as to constitute a fixture, including, but not limited to, heating
<br />and cooling equipment and together with the homestead or marital interests, if any, which
<br />interests are hereby released and waived, all of which, including replacements and additions
<br />thereto, is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust
<br />and all of the foregoing being referred to herein as the "Property ".
<br />This Deed of Trust secures the total sum of Twenty -Five Thousand Five Hundred and
<br />No /100 Dollars ($25,500.00) as evidenced by Borrower's Deed of Trust Note of even date
<br />herewith (hereinafter referred to as "Debt ") which has a stated maturity date of September 17,
<br />2009. This Debt shall include any and all modifications, extensions and renewals thereof or
<br />thereto and any and all future advances and re- advances to ' Borrower (or any of them if more
<br />than one) hereunder pursuant to one or more promissory notes or credit agreements (herein
<br />called "Note ").
<br />This Deed of Trust secures to Lender the Debt evidenced by said Note, the payment of all
<br />other sums, with interest, advanced under the provisions hereafter to protect the security and the
<br />performance of Borrower's covenants and agreements.
<br />Borrower covenants that Borrower is lawfully seised of such real estate and has the legal
<br />power and lawful authority to convey the same and warrants and will defend title to the real
<br />estate against the lawful claims of all persons.
<br />BORROWER AND LENDER AGREE AS FOLLOWS:
<br />1. Borrower shall pay when due, the principal and interest as provided in said Note.
<br />2. All payments received by Lender shall be first applied to advances that may have been
<br />made by Lender and then to interest due and last to principal due.
<br />3. Borrower shall pay all general real estate taxes and special assessments against the
<br />Property before the same become delinquent.
<br />4. Borrower shall keep the improvements on said Property insured against loss by fire
<br />and hazards included with the term "extended coverage" for their insurable value and policies for
<br />the same shall include a standard mortgage clause showing Lender herein. In event of loss,
<br />Lender may make proof of loss if not promptly made by Borrower. Insurance proceeds shall be
<br />applied to restoration or repair of the Property damaged, unless both parties otherwise agree,
<br />except if restoration or repair is not economically feasible or Lender's security is not lessened,
<br />otherwise said proceeds shall be paid on the debt herein, whether or not then due.
<br />T
<br />= D
<br />C
<br />7
<br />M N
<br />e'I
<br />z
<br />N(c��D
<br />HC\
<br />rn
<br />D
<br />L
<br />7C
<br />=
<br />c=
<br />-< ��
<br />O
<br />T��
<br />N
<br />T -
<br />to
<br />f'
<br />c,
<br />3
<br />i
<br />Co
<br />200412201
<br />Cn
<br />CZXD
<br />_
<br />Z
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made on this 21" day of December, 2004. The Trustor
<br />(whether one or more) is Roger F. Doud and Shelly M. Doud, Husband and Wife, whose address
<br />for purposes of notices in respect to this Deed of Trust is 4044 Patchwork PI., Grand Island, NE
<br />68803 and is sometimes herein identified as Borrower. The Trustee is Arend R. Baack, Attorney
<br />at Law and member of the Nebraska State Bar Association, whose address is 104 N. Wheeler,
<br />P.O. Box 790, Grand Island, NE 68802 -0790. The Beneficiary is Dr. Dennis Doud, whose
<br />address for purposes of notification under this Deed of Trust is 104 Prestwick Ct., Greenwood,
<br />SC 29646 -1109 and is sometimes herein identified as Lender.
<br />BORROWER IRREVOCABLY CONVEYS TO TRUSTEE, IN TRUST, WITH
<br />POWER OF SALE, THE FOLLOWING:
<br />Lot Fourteen (14) in R & B Subdivision in the City of Grand Island, Hall County,
<br />Nebraska;
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements,
<br />rights, privileges and appurtenances located thereon or in anywise pertaining thereto, and the
<br />rents, issues and profits, reversions and remainders thereof, and such personal property that is
<br />attached to the improvements so as to constitute a fixture, including, but not limited to, heating
<br />and cooling equipment and together with the homestead or marital interests, if any, which
<br />interests are hereby released and waived, all of which, including replacements and additions
<br />thereto, is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust
<br />and all of the foregoing being referred to herein as the "Property ".
<br />This Deed of Trust secures the total sum of Twenty -Five Thousand Five Hundred and
<br />No /100 Dollars ($25,500.00) as evidenced by Borrower's Deed of Trust Note of even date
<br />herewith (hereinafter referred to as "Debt ") which has a stated maturity date of September 17,
<br />2009. This Debt shall include any and all modifications, extensions and renewals thereof or
<br />thereto and any and all future advances and re- advances to ' Borrower (or any of them if more
<br />than one) hereunder pursuant to one or more promissory notes or credit agreements (herein
<br />called "Note ").
<br />This Deed of Trust secures to Lender the Debt evidenced by said Note, the payment of all
<br />other sums, with interest, advanced under the provisions hereafter to protect the security and the
<br />performance of Borrower's covenants and agreements.
<br />Borrower covenants that Borrower is lawfully seised of such real estate and has the legal
<br />power and lawful authority to convey the same and warrants and will defend title to the real
<br />estate against the lawful claims of all persons.
<br />BORROWER AND LENDER AGREE AS FOLLOWS:
<br />1. Borrower shall pay when due, the principal and interest as provided in said Note.
<br />2. All payments received by Lender shall be first applied to advances that may have been
<br />made by Lender and then to interest due and last to principal due.
<br />3. Borrower shall pay all general real estate taxes and special assessments against the
<br />Property before the same become delinquent.
<br />4. Borrower shall keep the improvements on said Property insured against loss by fire
<br />and hazards included with the term "extended coverage" for their insurable value and policies for
<br />the same shall include a standard mortgage clause showing Lender herein. In event of loss,
<br />Lender may make proof of loss if not promptly made by Borrower. Insurance proceeds shall be
<br />applied to restoration or repair of the Property damaged, unless both parties otherwise agree,
<br />except if restoration or repair is not economically feasible or Lender's security is not lessened,
<br />otherwise said proceeds shall be paid on the debt herein, whether or not then due.
<br />
|