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<br />87-
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<br />10'7404
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<br />DEED OF TRUST
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<br />THIS DEED OF TRUST is made this 0}~f!J. day of ~~ ,
<br />1987, by and between WILLIAM DEWHURST and MARY LOU DEWHURST, husband
<br />and wife, (hereinafter collectively called the "Trustor"), whose
<br />mailing address is 2704 Cottonwood, Grand Island, Nebraska, 68802, and
<br />THOMAS M. LOCHER (hereinafter called the "Trustee") whose mailing
<br />address is 800 Exchange Building, 1905 Harney Street, Omaha, Nebraska,
<br />68102, and CLEM ARKFELD (hereinafter called the "Beneficiary").
<br />
<br />WITNESSETH
<br />
<br />WHEREAS, Trustor is indebted to Beneficiary in' the principal
<br />sum of Five Thousand Dollars ($10,500.00) which indebtedness is evi-
<br />denced by Trustor I s promissory note dated December 23, 1986, (herein-
<br />after called the "Note"), payable to the order of Beneficiary and
<br />having a maturity of December 31, 1987.
<br />
<br />NOW, THEREFORE, for the purpose of securing:
<br />
<br />(a) payment of the Note, together with interest thereon,
<br />late charges, prepayment penalties, any future advances,
<br />and all extensions, modifications, substitutions and
<br />renewals thereof,
<br />
<br />( b)
<br />
<br />payment of all other
<br />with interest thereon,
<br />of this Deed of Trust
<br />nants and agreements
<br />forth herein,
<br />
<br />sums, fees or charges, together
<br />advanced to protect the security
<br />and the performance of the cove-
<br />of Trustor, whether or not set
<br />
<br />(c) performance, discharge of and compliance with every
<br />term, covenant, obligation and agreement of Trustor
<br />contained herein or incorporated by reference or any
<br />other security instrument at anytime given to secure the
<br />Note, and
<br />
<br />(d) the repayment of all other sums or future advances, with
<br />interest thereon, which may heretofore have been or
<br />hereafter be advanced by Beneficiary to Trustor or
<br />Trustor's successor in interest or title,
<br />
<br />all of which is hereinafter collectively called the
<br />Trustor irrevocably grants and transfers to Trustee,
<br />POWER OF SALE, the following described property:
<br />
<br />"Indebtedness",
<br />in trust, ~'HTH
<br />
<br />Lot Twenty-Seven (27) in Block Four (4) in REPLAT
<br />of Riverside Acres an addition to the City of
<br />Grand Island, Hall County, Nebraska.
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<br />together with (i) all buildings, structures, additions, enlargements,
<br />modifications, repairs, replacements, and improvements now or here-
<br />after located thereon, (i i) all equipment, machinery and fixtures
<br />(including, without limitation, all lighting, heating, ventilating,
<br />cooling, air conditioning, sprinkling and plumbing fixtures, water and
<br />power systems, engines, boilers, ranges, ovens, dishwashers, mirrors
<br />and mantels, carpeting, furnaces, oil burners, elevators and motors,
<br />refrigeration plants or units, communication systems, dynamos, trans-
<br />formers, electrical equipment, storm and screen windows, doors,
<br />awnings and shades) now or hereafter attached to, or built in, any
<br />building or improvement now or hereafter located thereon, (ii i) all
<br />easements and rights of way appurtenant thereto, (iv) all leasehold
<br />estate, right, title and interest of Trustor in and to all leases,
<br />whether nor or hereafter existing or entered into (including, without
<br />limitation, all cash and security depositions, advance rentals and
<br />deposits or payments of a similar nature), pertaining thereto, (v) all
<br />rents, issues, profits and income therefrom (subject to the right of
<br />,Trustor to collect and apply such rents, issues, profits and income as
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