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<br />DEED OF TRUST
<br />day of % 2002, by and C%l�
<br />THIS DEED OF TRUST, is made as of ^^ - t nAYWT/i y n.T t-m Aism ISLAND. HALL
<br />among TRINITY LUTHERAN
<br />COUNTY NEBRASKA ( "Trustor "), whose mailing address is 212 W. 12t" St. , Grand Island
<br />Nebraska 68801; First American Title Insurance Company
<br />"Trustee ") whose mailing address is 123
<br />North Locust Suite 201C Grand Island Nebraska 68801 and Lutheran Church Extension Fund- -
<br />Missouri Synod ( "Beneficiary ") whose mailing address is P.O. Box 229009 St. Louis MO 63122 -9009
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and assigns to
<br />Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary, under and
<br />subject to the terms and conditions of this Deed of Trust, the real property located in the City of Grand
<br />Island, County of Hall, State of Nebraska, and legally described as follows (the "Property "):
<br />SEE ATTACHED EXHIBIT "A"
<br />TOGETHER WITH, all rents, easements, appurtenances, hereditaments, interests in adjoining
<br />sonal
<br />roads, streets and alleys, improvements and buildings gh�ovements, allrcrops
<br />property that may be or hereafter become an integral P ait of such buildings and mp
<br />raised thereon and all water rights.
<br />The Property and the entire estate and interest conveyed to the Trustee are referred to collectively
<br />as the "Trust Estate ".
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness in the total principal amount of $209$209 000_ __00, with interest thereon, as
<br />turity date of —
<br />evidenced by that certain promissory note of even executed byoTrust rhwhmeh has been delivered and is
<br />See attached Exhibits "B" & "C"
<br />payable to the order of Beneficiary, and which by thaisdreference is hereby made a part hereof, and any and
<br />all modifications, extensions and renewals thereof,
<br />b. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon
<br />at the rate of ------------ percent (_ - -_ %) Per annum, and
<br />c. The performance of Trustor's covenants and agreements.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further secure the
<br />payment and performance of any obligation secured hereby are referred to collectively as the "Loan
<br />Instruments ".
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF INDEBTEDNESS. Trus fees and all other sum
<br />1pay s as provided
<br />pncipal of, ad the the
<br />interest on, the indebtedness evidenced by the Note, ,
<br />Loan Instruments.
<br />2. TAXES AND ASSESSMENTS. of any part thereof as follows:
<br />assessments o every
<br />kind, now or hereafter levied against he trust estate
<br />(initial one)
<br />h
<br />X Trustor shall directly pay suc taxes, without notice or demand as each installment comes due
<br />and shall provide the beneficiary with evidence of the payment of the same. h month and such other
<br />Trustor shall pay to beneficiary one- twelfth of
<br />h e payment eal estate taxes be adjusted an wally as the taxes
<br />assessments as they become due. The one
<br />change and trustor agrees that after payment s to provide t ustor w. ha receipts deficiency howing that the
<br />promptly paid to Beneficiary. Beneficiary g P
<br />real estate taxes have been paid in full and when due. nded
<br />insurance
<br />3. INSURANCE AND REPAIR shall
<br />ngs constitut n g P a of the Trust Estate for an amouno less than
<br />insuring the improvements and buildi
<br />the amount of the unpaid principal balance of the Note (co-in
<br />in�favor of Beneficiary y ands shall not be
<br />Such insurance policy shall contain a standard mortgage cl
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<br />DEED OF TRUST
<br />day of % 2002, by and C%l�
<br />THIS DEED OF TRUST, is made as of ^^ - t nAYWT/i y n.T t-m Aism ISLAND. HALL
<br />among TRINITY LUTHERAN
<br />COUNTY NEBRASKA ( "Trustor "), whose mailing address is 212 W. 12t" St. , Grand Island
<br />Nebraska 68801; First American Title Insurance Company
<br />"Trustee ") whose mailing address is 123
<br />North Locust Suite 201C Grand Island Nebraska 68801 and Lutheran Church Extension Fund- -
<br />Missouri Synod ( "Beneficiary ") whose mailing address is P.O. Box 229009 St. Louis MO 63122 -9009
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and assigns to
<br />Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary, under and
<br />subject to the terms and conditions of this Deed of Trust, the real property located in the City of Grand
<br />Island, County of Hall, State of Nebraska, and legally described as follows (the "Property "):
<br />SEE ATTACHED EXHIBIT "A"
<br />TOGETHER WITH, all rents, easements, appurtenances, hereditaments, interests in adjoining
<br />sonal
<br />roads, streets and alleys, improvements and buildings gh�ovements, allrcrops
<br />property that may be or hereafter become an integral P ait of such buildings and mp
<br />raised thereon and all water rights.
<br />The Property and the entire estate and interest conveyed to the Trustee are referred to collectively
<br />as the "Trust Estate ".
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness in the total principal amount of $209$209 000_ __00, with interest thereon, as
<br />turity date of —
<br />evidenced by that certain promissory note of even executed byoTrust rhwhmeh has been delivered and is
<br />See attached Exhibits "B" & "C"
<br />payable to the order of Beneficiary, and which by thaisdreference is hereby made a part hereof, and any and
<br />all modifications, extensions and renewals thereof,
<br />b. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon
<br />at the rate of ------------ percent (_ - -_ %) Per annum, and
<br />c. The performance of Trustor's covenants and agreements.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further secure the
<br />payment and performance of any obligation secured hereby are referred to collectively as the "Loan
<br />Instruments ".
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF INDEBTEDNESS. Trus fees and all other sum
<br />1pay s as provided
<br />pncipal of, ad the the
<br />interest on, the indebtedness evidenced by the Note, ,
<br />Loan Instruments.
<br />2. TAXES AND ASSESSMENTS. of any part thereof as follows:
<br />assessments o every
<br />kind, now or hereafter levied against he trust estate
<br />(initial one)
<br />h
<br />X Trustor shall directly pay suc taxes, without notice or demand as each installment comes due
<br />and shall provide the beneficiary with evidence of the payment of the same. h month and such other
<br />Trustor shall pay to beneficiary one- twelfth of
<br />h e payment eal estate taxes be adjusted an wally as the taxes
<br />assessments as they become due. The one
<br />change and trustor agrees that after payment s to provide t ustor w. ha receipts deficiency howing that the
<br />promptly paid to Beneficiary. Beneficiary g P
<br />real estate taxes have been paid in full and when due. nded
<br />insurance
<br />3. INSURANCE AND REPAIR shall
<br />ngs constitut n g P a of the Trust Estate for an amouno less than
<br />insuring the improvements and buildi
<br />the amount of the unpaid principal balance of the Note (co-in
<br />in�favor of Beneficiary y ands shall not be
<br />Such insurance policy shall contain a standard mortgage cl
<br />RECORDERS MEMO:
<br />A wl Reg. of Ce, ci :
<br />1 a
<br />
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