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<br /> �n�wrr;wsr,'� c/a Na►tcy Blnuhor�i Rt 4�t, Palmer, N4 68ti6�i _
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<br /> --_ �:�;;, :• (herein"Trultor"J�andl�M INII Nlr!!.Mtioe�m�lir�addrasl I�f'.U.Eiox�187,Waa!Rivor,Nebreska G88B3.(herein"7rustea,"�nd•�8eneliciiry•�).
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<br /> - .�-����+��'"�'Q�� FQR YAIUABIE CONS{DERA?ION,inciudi�tF►�frKl�bfdrws�indN�titiad hN'�in ad thr trust hK�in a�ot�d,tla rqc�iQt of vAiich is i►��bp
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<br /> __._�,���,�_ ocknow�i{�d. Trusiw i;�av�x,G;Sy y��:�s� Srt�:;f��a, e��::�3, sra�s:?an:,to Trustc�. IH TRUS'�l,IMITb�PI�YM�R Oi�!!!F�fa Yhe b�rn d
<br /> `- =�_'"—'" suwity of 8�n�ticiory,und�r and sub�actto th�twms and conditions of this ONd of Tr�st,the rYal aopKtY dtscribed as follows:
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<br /> '-��'" �._ ' Lots One Hundred Thie�y Nine (139) and One Fiundred Forty (140), Belmone Addition to ihe
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<br /> ::;,�;;.°,':�'� =' City of Grand Islund,�-Iall C�unty, Nebraska.
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<br /> - . . � � '•�}�' West One Hundred Fifty Feet(W 150')of the South One Hundred�ighty-thr�e(S 183')o€Lot =--
<br /> � _.. "��'` Seventeen (17)� Block One (1), Stewart Place Suhdivision, to the City of Grand Island, Hall —
<br /> •� •� County,Nebraska.
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<br /> TOGETHER WITH,oll rents,profits,royalties,income ond other beneiits deriued fram the reol property;all leases or sublenses covering the �
<br /> real property or any portion thereof,now or hereafter existing or entered into,and all right,title nitid intereat of Trustor thereunder;olf in- �
<br /> � terests,estote or othar claims,both in low and in equity, which Trustor now hos ar mat�hereafter acquire m the rea)property;ull easements.
<br /> rights�ot-way, tenements, hereditaments and appurtenonces thereof and thereto;all oil and gas rights ond profits,water rights and woter
<br /> stock;all right,ti41e and interest of Trustor,now owned or hereufter ocquired,in and to any land lying within the right�of-woy of any street or
<br /> highwoy adjoining the real property,any and all buildings,fixtures,improvements,and appurtenances now or hereofter erected thereon or
<br /> „ bolonging thereto, (hBrein referred to as"Improvement"or"Improvements");and any nnd all awards made for the toking by eminent domain
<br /> ' or by any proceeding or purchase in lieu thereof,of fhe whole or ony part of the reol property.
<br /> All of the foregoing estate,property and interest hereby conveyed to Trostee herein collectively refarred to as the"Property". _____
<br /> THIS DEED Of TRUSY SHAII SECURE: '_":.:_:
<br /> �`;, (a)The poYment of indebYedness evideneed by Trustor's note of even date herewith in the principal sum of _ �"���"
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<br /> Sixty-five Thousand and no/100�-------------------------°-°°-'Dollors (S 65.000.00 ),
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<br /> � together w�th interest at the rate or rates provided therein,(herein,together with any and oll renewals,modificutions,and extensions thereof,
<br /> � referred to as the"Note")both principal and interest on the Note being payable in accordance with the terms set foAh therein,reference to �;:.
<br /> •• which is hereby mode,the final payment of rincipal,and inserest,if not s�oner pnid and if nq renewals,modif�cations or extensions are made: �-::.=.
<br /> due and poyable on June 10, 2�00 with any renewa a or extensione thereo , �•Y^
<br /> , (b)The performance of eoch agreement and couonant of Trustor herein contained;and _
<br /> (c)The payment of any sum or sums of rnoney with interest therean which may be hereafter paid or advanced under the terms of this Deed of
<br /> Trust.
<br /> ' (d)The payment of any fvture udvances necessary to protect the seturity or any future advonce mode at the option of the parties;and
<br /> • • (e)The performance of an obligation of any other person named in this Trust Deed to a beneficiary.
<br /> • TO PROTFCT THE 5£CURITY OF THIS DEED OF TRUST,TRUSTOR WEREBY COVENANTS AND AGREES AS F011OWS:
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<br /> 1.PaYn�ent of P�indpel dnd IMeroto.Trustor shall promptly puy�vhe�due the principal of ond interest on the indebtedness evidenced by the
<br /> Note,and afl other charges and fees as provided in the Noto,and the principal of and interest on nny Future Advances securecl by this Deed of
<br /> ' Trust.
<br /> 2.Wonanty of iHle.Trustor is lawfully seized ond possessed of good and indefeosible title and estote to the Property hereby conveyed and
<br /> • has fhe right to grant and convey the Property;the Property is free and tlear of oll liens and entumbronces exCept liens now of record: and � '
<br /> Trustor will warrant and defend the title to the Property against all claims ond demands.
<br /> 3.Moint�rwit��nd Co+xpll�tc�wi4h lowi. Trustor shall keep the Property in good condition and repair and shall not commit waste or permit �
<br /> impairment or deterioration of the Nroperty artd shall camply with the provisions of any lease if this Oeud of Trust is on a leasehold.No improve- I
<br /> ment now or hereofter erected u,pon the Property shall be altnred, removed or demolished Ki4hout the prior written eonsent of 6enefitiary. '.
<br /> Trustor sholl eomply with all laws,ordinanees, regulations,covenants,conditions and restrictions affecting the Property and not commit,suffer, I
<br /> or permit ony act to be done in or upon the Property in violation uf any law,ordinance,regulntion,covenont,condition or restrittion.Trustor ,
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<br /> .�...��..,..,.,�e.o,,.rnefnrc nrmm�tiv nn��n nood wnrkmanlike manner onv imarovement on the Property which may be damaged or destroyed and � _
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<br />. pay,when due,all cloims for lobor performed and materials furnished therefore and for any alterations thereof. �
<br /> 4. Insurann.Trustor, at its expense, will mointain with insurors upproved by Beneficiary,insurance with respect to tha Improvements and
<br /> personol property,constituting the Proper4y,ugainst loss by fire,lightning,tornado,and other perils and hazards covered by standard extended
<br /> coveroge endorsement, in an amount equal to ar least one hundresd percent of the full replacement value thereof ard insurance against such
<br />?= other hazards and in such amounts as is customarily carried by owners and operators of simular properties or os Beneficiory may require for�t�
<br />�' protection.Trustor will comply with such other requir�ments as Benefitiary moy from time to time request for the protec4ion by insurance of the �
<br /> interesss of the respective parties.All insuronce policios mointained�ursuant to this Deed of Trust shall name Trus+or and Beneficiary as in• �
<br /> ° . i sureds. as their respettive interests moy appear. ond provide thot there shall be no concellation or modification witfaut no less than 15 days
<br /> � � prior written notifitation to Beneficiary. In the event any polity hereunder is not renewed on or before 15 days prior to its expiration date.
<br /> t Benoficiary may procure such insurance in occordance with the provis�ons of poragraph 7 hereof. Trustor shall deliver to Beneficiary tha onginal
<br /> policios of insurance and renewals thoreof or memo copios of such pc+licies and renewols thereof. Failure to furnish such insuronce by Trustor,or
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<br /> renewals as required hereunder sholl, at the option of Beneficiary,constitute a default.
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