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<br /> - � . .. ��. . . TlUS TRtlST C�D.made ttda 23zd day clDeCember .1J 99 .by and amang the Tcuator. Z'homas T. Ptozthun . �,� f+�:
<br />- • � and Pamela A. Northun. husband and wffe � ;-. . �` "
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<br /> , ';•,.` wRose mnTfng addtass is 2�1? Skieridan AvB. Gtand IslanB, NE 68803_ ' • ' —
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<br /> ° -� • .- ami Rss�ior Omaha, �bY'ask� .(haroin'truscea'!.ana cne �- -. --
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<br /> Beneficiaty.RrsTier �a. I�tebsaska .whase m�7'ing eddross is 3.700 N.Farn�m Sts@e� r,ap�-
<br /> . ,,,�C� , ° Omaha, Ide 68IO2 (heroin•LeadePi. � .. � _.
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<br /> '. � 80AROLNfR.in camstdaratlon of tho indabiadnesa herai�received and the trust heroin cmatad.irrovocaDty g�ants,trenfltara.cor.vays and essigns to �' . " . ' . Y`�
<br /> � � 7niatee,in TRUST,WRIi POWER OF SAlE,the toDawing descrihad.praperty.tacated in HaZl Courrty,Rebraske: �, ��
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<br /> � � , T}z� Sou�Yt Twenty-�our i24) feet of int Ten (10) aad the North Tbirty-twa feet (N32') ' � �
<br /> . o� Lo� 2t�relve (12), Block Three (3), University Place, City of Grand island, xall «``
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<br /> � Cawity, iiebraska. • . —
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<br /> • _ T06ETHER with ell buildings,fbcWrea,improvemaMa and eppurtonancoa now or hereaftar ere�ted thareon and a!1 rightsof-way,easomertts,rents, � '` ,: � . ,
<br /> a,' , issues,profita,lncome,terremortts,heraditaments,privitege9,appuRenanaes,royalties,and mi�eral,oil,ga�and�nratetrightatharounto befonging,used � `
<br /> � or enjoyed wtth s�d(and cr any part thereof,ali ot which,including reptacaments and aQdiUorts thsreto shali be deemod to bo and remain a pan ot �. �,�__
<br /> • ` ' !Ae prapeRy cavered by th19 Tcu�t Oaed;atd eil ot Me Qorogoing together wltb said proporty ere herein retoned to es ths'Rmpetty.' ,. "•'' ,._�
<br /> . •`� � TO SECURE ea t a-.d,ao�':a�epeymeni of I�Webtedness avidenced by Bortowera Mama Equity Une Loan A aement and ttome Eqnity Note dated . � ,'�, �� �
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<br /> . , � ne..emHar �. .19_gq,r tagether wkfi a�ry artd al!ronswate,madifloatlon�,and extensforw theroo!and substinrtions or excAanges thetefor . ., '�
<br /> . (herein the'Note'1 in t3te R�dmum pdnelpal sum ou�ing at arry one tlme of 9 10.000_00 .together witb interest at tAe rata , � • . �c-
<br /> 10t '• • proviQed thereln,with a t5r.�matudty,if not sooner pafi�,ot Decemb r 23 .19_99.and as saudty for�rr/future advences ffiet may - _ �Y��
<br /> ` �e made py the Lender to the Borrower trom Umo to tims and ae secudty tor the paymeM ot any and all othar indebtedness of the Bonovier to the -
<br /> ' . • Lende►whtcn may adse,all uf eaid suma not to oxeoed in the aggregate a sum eQual to thme times the odpinal pdncipat amaunt of the Note. For ` �'i�
<br /> �'� • ' purpasea cc�e Home Equitr Uee Loan AgremnerR,paragrapho 2.3,4,5 ond 11 betow ahafl ba deamed covenants tetating to the P►opercy. • .,t,
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<br /> ' �► � � • BORAOWER covenatrce that the Bonower ia tawtuify sei:ad of the Property horaby comreyed and has the right to grant and comrey the Proporry,that �' , �'k.. .` �•��;�
<br />.:'e-.� , • . . the Property is uneneumbered by em/mortgage,trust deed,aonuaot to purehaee or othenvise,except for e NA E. . ._ _ _ .. ��_
<br /> NA in taVOt o1
<br /> . on wNch Ne unpaid balance on thia date daes not exceod *�a . The Bottawer covonants to comDty with etl tho terms and .
<br /> -:•�� '� provision�of eny pdor mortgage,truat Qaed or contraat to purchese,upon tho Proyerty and to make eil payments theroon betoro they becoms . `
<br /> ,� ; _ •• detinquent. If no name or arnnunt is ins�rm�in thia para�apfi,then tho Borrower covonanto tAat there aro no prior liens or oncumbrancoa ot arry kind
<br /> � bpon tAe Propeny. The Bor►ower turther cove�ar�to warrant and defend tAe titla to the PropeRy ag:artst all claim9 end demands. . >'
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<br /> � ��'; , • � Tho Borrowe�and the Lender furthet covenant and a�ee es tollowa: ; . ,
<br /> 1. Tt�e Bortower sha11 prompUy RaY when d�te the pdnc(pal end iMoreat on tho inGebtednoss evidanced by tho Note. �+
<br /> � � • 2. Ac least tan daya befwe they beaome definquent,Borrower shall pay all taxes and special assessmonts lovled or assessed against the
<br /> . �> ' • � Rroperty,or any part thvreof.and atl tmcas,lavleo and assessmerrte tevlod upon tfiis Trust Dee�or Mo dobt which it socuros. . ••
<br /> 3. The Borrowe►shaf!keep the imDrovements and 0uitdinga,it arry,upon the Propeny insured,with a company or companies approved by the � � �
<br /> . _ � . • Lender,for an�nwm not tess than the unpaid bafance on tAo inQebtedness aecurod hy this Trust Doad wlth a standard mongage cisuse ;;;�,
<br /> � i� • witAtoss peyable to tlfe LenQe►. The Bottower ehail de5ver aaid poiioy or poilciea to the Lender. .
<br /> • ln the event ot a loaa,Ma Boraowm shtdl give prompt notice to tAe insuranco carrier and the Lender artd file a proot of toss. It tho Borrower is not ��
<br /> otherwi�o in Qefauit,the BoROwer may etact tn apDiy the irtsurance proceeds to tepair or reD(ace tNo dmnaped Proparty,i!oconomicaity teasi6te,end . .
<br /> , � the seeudty ot tNs Trust Oeed wou4d rtot be Impairad. ff the Bonower is in defauit or etecto not to rapair or�cp►aco tho Eamagad P�roparty or repair
<br /> '� or cepteeemeM wau:d not economically feasi6te or tAe aacurity ot this T�uat Qeed wontd De impairad thon tho insuranco prooaeas shalt Do apptiQO to �
<br /> � � the(ast maNdng paymente Que on th�Noie. It the i�uranee proeeed�are in excaas of ffie tote)amourn due on said Noto,the exeass shail bo paid � ,
<br /> �� � • . ' to the Bortower. tnsuranee procaacls tor rapa3r o�repiacoment shalt bo pfaceQ in escrov�witA the Londor nnd dicbursed by tho londer dudng or upon : .
<br /> ` . . comptetlnn oY sucfi ropair or roptacamont. tf tho Lender atquirea tiUo to tho Vroperty by oxeteis'sng itc porror ot eufa,(oradosuro or oMerwiso,in -
<br /> ' • • , _ � . satlsteation.o}ttie 7nEebtadaaae eecured hereby,in whote or In part,then afl ripht.tiUe end interest o}the Borwwor in and to 5uah insuronce poticy
<br /> ` or poiicies ehatl pass to tho lender. ' _
<br /> - • 4. Tho Borrovror shatl keep tho P�roporty in gaod wpair and cha(1 not commit wasto ot pomtit in+pairtnont or Eotoraoration o}the Propany. ! . �
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