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<br /> 7Hi8�EED OF TRUST.is made as a!tAe_�d�deY � •` "� ��.
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<br /> *��� � ��� ��� Galen H. P@BTSOA 8IIG 3obMe- L. Pearson. husbaad and wiFe . :� ;� � r t�v
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<br /> < <. `;1'�,. ```�_: meTrustsa. Bar�k of Doni�n . °` -`
<br /> � � � ° -
<br /> /� Fy L whose ma3ung address ts PeO. Box B. I?�ni�tane I@E (iie�etn't�ustea"k s�td - E�-
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<br /> ` f��.���'`�:`�.� me�net�r. � cf 11on3ghau , � � � -
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<br /> � :- d �- wriose mamng add�resa b D 0. Bax A, Donitohan* NE -(heteU�"t�ar�. �` �� f '.
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<br /> �-`� � FQii VALUA9IE COf�iDBWTION.tnduding Les�der's e�ertston ot c�edit Identi�ed Aere[n to��.@A B. Pearsoa � H e� � '� °�` y '
<br /> �� {. �•.a = z.
<br /> - fi '`��;: and Bobbie L. Pess'son� husband s��L��. ��er ane or more)and the trust hereln creamd� o 'S'
<br /> 1, : �. , F•�
<br /> ,�. � a , the teceipt af whlch ts tterebll sdmowl�edged Tn�stor rtereby irrevocabll►9ra�tranafers.conveys and assigns to Yrustee�W < <.�t ` Y � �`
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<br /> ,�;•;:; �l137'.WlT1iPOWEROFSA�E.tostheD�tefttendsecudhgf�der.tmQet8nd8ubJectL�l4�e end het�eine�fterset
<br /> °J` t ;;� t a M.t A�r e a l p t o�e�y a e s a ro e�e s ro n o w�I�t T e n (1 0 , 3 m B l o c k R�r o 2 , in�I sl�and Acres ,�":J. ``�r
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<br /> '' � ;�" Number Traa (2). beiag a re 1at of Lots One (1), T�co 2 , Three (3j. FYve �
<br /> � Ye �:,.� �
<br /> �� �: ' ,,Y: `.� (5), Sis (6), arid 3even (?j. in Islansi Acres, a Subdivisioa of the City -
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<br /> _ - ofr L�rand Island, Hall Connty, Nebraska. }'� '� E.F , •<
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<br /> 7ogettfer wi�all Duitdtngsr icrtDe�evemertta fiz�re�str�afteys,PassaBewaYa easen+er�►�Bt+�a P���d�Da�- ' °-:' '� : 4
<br /> :` `'� �� •, nances toca�d tAer+eon or in anywiss per�lning thereto.and the re�issues and p�aflts.reverstons and�natedera thensM.aad �-`' :•} ,`
<br /> .,:•;.:� _,H1
<br /> � � Y.�. sucA p�s�nat psaperty that�atffiched t�the improvements eo as ta ca�dne a flxMe.inciw�n�6ut not qmlte0 t0.heating and '' � .'
<br /> `�� �`rs.;° cooling eqWpmenC endtogether with the homestead or maritat Int�es�,It er►Y.wf+icA tnterestsare hereby refeased and waive�aIi � `r�'�'° �r ���-
<br /> . "r 4 ,, �',� ol�vhich.irtctudingreplacementas�Ideddittonathere�o:isherebydedaredtobeapartottherealesta�secu�tiytltelienotthis '" '}t
<br /> __`�,-�-,�•�:.�-:=, 0�otTrust and at1 al ths bre8�9�8 referred to herein as the �em'� �'�;�—
<br /> ` `'',. f I` Thls Oeed ot Tn�st shaA secure(a)the payme�rt of the pdncipal sum and interesi evt�nc�!Dy a promtasory npt�or credit � � c,
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<br /> �:�:�-';'1:�.-.. u�.;:. s�,�t� December �� 1995 havtng a maturlty date ot�'d�@mbe��.� -;, _ `-
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<br /> ' 7 , t' , . i . r � af
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<br /> : .� M the anginal priitCipel amount ef$1$�000.00 ,and arty and eli modifleattor�ext�nsi0rts and reltswats '�;n`
<br /> '��'� � �` ." ' th�eot or triereto end any and a�!tuU�re advances end readvances to 6orrourer(or any►of them H more than one)here�mder ".:4 � .'� �.`
<br /> •''%"�� � ` �` p u r s u s n t t o o n e o r m o r e p r om i s s o ry not�or credit a g reemeMs(herefn caiJed"Note"}:(b)the paymern of o9�er sums advarteed by ' • f p. 3� �
<br /> `� � ��. LendectoprotectthesecurttyottlteNot�(c)the0e�fom�anceofalicavenaMSenOagreementaMTrusOOr�etfo�herelrKanct(�all .r :_ , YS �
<br /> .;�;�;:.:_':,S.•,.:�.�-" presetn attd lutuee indebtedrte�s and obltptfor�s of Sorrower(or arry of Ueem if mwe tfian ane}to t:�der Nfiethe►direcC indlrecL � - .: :: ;��,
<br /> � ;:: 1 �.f,1:, a�sctuta or cartti�gent and wt�ethe�arisirtg bf►aote.9uarantY.overdraft ot othenvisa Tbe Note�this O�ai Trust an0 airy and ali :�;•,. � ��_,:
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<br /> :.: .,�,. . ,... . ,. o�e�Qocuer�btt�atseeuretheNotBOratheiwiseexewtedtne.�neeilontnerewith.trteludingwi�outNnita�onguararttees►�urtt�t . .. -,��_��.`�:
<br /> � �" agreemet�4s aAd asstgnments oi teases and rents.shai!ba�ferred to herein as tha"Wan Oowment�'. "�= '�`''�s`�
<br /> � ;, , �=;�' �;.,,.:; �.a��
<br /> • •T�r covenat�enA agre�wlth Lertdsr e�s totfaw� �: ' �mr�. �,
<br /> � �• � 1.Vag�sent af taafetrt�rte�.AII Mdebtedneas secur+ed tiereby sha(i be�atd a�Aen du� �s';
<br /> >:-,.�::; - � �"� i,; 2?�Trustar L4 the Awner of the Praperty.hae the�1gM and autha�►���fi tAe Properiy.a�warranta that the den f,''�
<br /> --•:�-`::i`��:'`:_-:::°�:;_.. �tea�d h�y Is at�rst and prior lien at�the Praperly.exce0t for f�ens a�eneumbrant�s se!foM�y TrusDor tn wriflrtg en0 �',� —
<br /> ;�,.,_.�,_ :. .
<br /> _ - {'��= deliveredtol�ende�r�etopaexectrHOnofthtaQeedoliYust,anatheexec�tlonanddetiveryofthts0aedotTrustQaesnotvtotateairy '� .�
<br /> �i.;;��;;::-:,-::�° . co�raGt oi a�er o0ftgatton to wnten Tnrsao�+s eubject '�'�..�"
<br /> '", ,: � g.Tax�0.A�tsmeMs.To D�!►bafire detirtquenay aH�e,sPeefat�me�La er�e1!other charges agaU�stthe Pmpertyt �"'�
<br /> �f � � now or hereefter tevled �� _- -
<br /> � ..,,- 4.tns�onne�TokeepO�ePropeAyinauredegainatQamagebyftre.ha�erdainchidedwtflibthat�rm°�cte�edcaverage�'.and �.;�� --.
<br /> ..,._�_- --;rr, ;'�
<br /> _ - - �:= sueh o�er hamr�ds as Lsnder may reguir�in amounts anQ with companf�er�eptabte tn Lender.�mtt�g Lender ae an addittonal �,�.�,,�,
<br /> ��,:,-�,:::,�::�s-.,,-:,:�+.,
<br /> ,. .� ; nemed Fnsure4 wlth(aas payabte ta the LenQer.tn case ot tosa unQer sucA tusticl�,the tsnder is au@rorized to aaluaf.cal{ectaM �•-�--
<br /> :,, •�;}`: oompromfse�,e{IctafmsfhereenderanAshailhavetheoAtlonetepOhdngellorpartottheinsurance0roceedsmWarryfndebtednesa ��.:Y����.��
<br /> ;...-;;.:.-, seeuredherebysndinsuchorderaeLenderrt+ayd�0ermine.Ca�toth�TrustortobeusedtorthoteDalror�torattonafthaPra�tyt -�:.::-- --_�-°-.-
<br /> orptQtoranyothetpurposeorobtectesUstacroryWLsnAerwtBrouteftee8ngthellenotthlsQeedotTiusttarfhetullamountseaured _ ��'iu _ ___
<br /> � `` ' hereby betore sucA payment ever took ptaca MY BDDncatlon ot proeeed9 to in6ebtednasa shall 001 mcten0 0�postpana ihe due �•'%;�d, _
<br /> � �� .� =i • Qata o!arry payments under the No�or cure any detault fhereunder m hereunQe�" _..�.:;;, � .�''�'"
<br /> ��<..;:,r..�:.:•., S.Fsr�oxr.ttAon w►itten demand by LenQet.Ttustor shaU pay to L6ande►.M sucb manrtec as Lender may Q�lgrtat�eufttctent ;,;�*s_',;-'-"°?r,�*
<br /> �}.h i�� ° sutn8toet�ablgLendertnpayastheybeCamedueoneormoreottl�atotfawln��aif�ceaaesessmernsandolherehargesagalns! �
<br /> . the�c'operty.pn.tha premtums an 1he prope�ty irreurance re�ired hereunder.and dip tha premlums on arry mortgago insur+ence ; '
<br /> � .r ' � ', -��
<br /> y � (Q�{��l�.$11Q8/ i ',.:.x r _ .
<br /> _ ,� .'; �;• &MatMsnan�e.R�pp�and Campllenea aR�L,e�s.trustor ahail keep the PropeRy in goed condtBon and repair.she11 �r .: , , � �
<br /> , Pro�mp9y repalr.or re�taoe arry Imptovement whleh may be�maged or destroye�ahatl aot cammta or parmH anyr waata or '
<br /> , ` defle�taratton ot tRe Araparty:shatl not remove.demotiah o►suhs4aMtaity atflar any o!tha imyravemer�te on the Property.ahafl nat � � ,
<br /> ' cos�iLsvttermpermHenyracttobeQonelnoru�ontheProperryinvlolationMarrylaw.ordlnance.orregulatlon;andshallpayanQ � : '_ .. ,__
<br /> ', .;�.; . , .
<br /> prom¢tty di�harge at Truator's cost an0�cpense all ltena„enwmbranees ana eharge9 tevimd,impase0 or essessed agalnat tha � ,...
<br /> '`r _ Pragari!►or anv van thereoR ;.H:; ,�,_
<br /> " � Z EsilneN�e.Lender ia hereby asstgned all eomponsaUon,BwarQa Qemages and other paymenta or ret16!p�ere� � �� t �
<br /> ,.::��f: °Proaeeds°�tnc�seectlonwtthcondemnattonoro�ertatcingolthePrepertyorpartthereo�oHorcemreyanceintl�uofcondemna- �::::'ti ' � `...
<br /> mn �
<br /> tlora Lender atrall6e emtlied et ita op�on to commenee.appear!n and proseeuto M ifs own neme arry aedon or praeeedingsr and �� `
<br /> ` - shsll etso be enUtT�m meke s�►y compromise or setltament in coanectlon wit�sucb taking cr Qamaga.br Me eveM eny PoAlon ot ' c
<br /> � t�e Pmpe�ty i�so taken or damaged.lender shall have the opUon,in it�sote end absotuta dtscreBan,to aAAhl 811 sucb Proceed8, �• _' .
<br /> ! ;� aPoar deducUng therefnom all cosfs and e�enses ineuRed by tt In aonnectton witA aucA Proceeds,upon eny IndebmQnese secured --. ;
<br /> :.� ` . -..;k herebJr and tn such orQer as Let�der may deEeimine,or to aypty all sueh Proceeds.after auch deductlona.to tt�r�retion otfhe = � �•' '
<br /> ;��;�'����'r;��: :; PropertyuponsucbcandlUortsas�endermaydetermin�MyepPflcaUonofPrac�edstoinQeMedneasshailnotexOenaorproatpone �`.�.•�' . �
<br /> ; �, �F�' the duo date of arry payments under the NaLa,or eure eny default thereunder or hereunder.pny unapptied tunQs ahap be p810 to
<br /> ��' T�e r�+enorcnanee by I�enQer.Upon tha oaurrenae of en Event M Oetault hereunQer.or N arry act is�ken or legal proc�dirtg -� �` �
<br /> � .,, ,,�:'..�' eommencad�filcA maLeAally aftec��.endefe IMerest in the PrapeRy.L�ertQer may In itsown dlscreUon,butvAthantobtigatl�an W do ; � ,
<br /> ' so.end vri�out notlea to or aemand upon Tnismc ana wlthaut reteasing Trustor hom any obtigaUon.do am►act whicb Trus�or has `, •,.�•;,;.�� � ', ����
<br /> - ` i�' ' � �• '% �' agreed but tatls to d�and mey etso Qo any cther act 14 Qeems necessery to profl¢ct the secuHty hereoL TrusOof shall,tmmedlately �' •
<br /> ,a' .. '
<br /> - - � ;.• •�,�' :�":z`� upon 4emartd thar9tor by Lendsr.Pay to Ler�der afl eesfs and expens�ineurr¢d and sums expana�by LendeNn eonneCtlan wfth . : .
<br /> % � .., the oxeteise by LenQer of tho toregoing rlghts,together wtth irtterestthoreon etthad6tautt rate provided In the Note.r�111ch 8h81108 ' °
<br /> .. . :. . ,
<br /> ... -�--:. added to�he indebtadnes9 secured h�eby.Lende►shaU not iocur enY 4labitHy because o!anythtng tl mav Qo ar omlt to Qo. �. : .._ �.
<br /> hereunder.
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