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<br />100463
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<br />DEED OF TRUST
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<br />BENEFICIARY
<br />A YCO FINANCIAL SERVICES
<br />INTERNATIONAL,INC.
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<br />I
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<br />GRANTOR(S): rc;~;~;;;~~
<br />LAST NAME FIRST INITIAL LAST riAME FIRST INITIAL
<br />PUCKETT DANIEL S.
<br />MAILING ADDRESS CITY STATE ZIP COD
<br />909 l\TEST TENTH GRAND ISLAt'ID NE 68801
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<br />, NEBRASKA
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<br />(Address.)
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<br />416 WEST THIRD
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<br />THIS DEED Or- TRlIST, ~Iade this
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<br />22ND
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<br />GRAND ISLAND
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<br />, 19~, between DANIEL S. PUCKETT
<br />GRAND ISLAND, NE 6880~md CLAY H. ROGERS
<br />1065 N115ST,SUITE 100, O}~HA. NE
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<br />68154
<br />
<br />day of JANUARY
<br />909 WEST TENTH.
<br />
<br />hereinafter called TRlISTOR, whose address is
<br />. hereinafter called TRlISTEE. whose addless is
<br />and AVCO FINANCIAL SERVICES INTERNATIONAL. INe, a Nebraska
<br />416 WEST THIRD, GRAND ISLAND. NE 68801
<br />
<br />corporation. hereinafter called
<br />
<br />IlE:-IEFlClARY. whose
<br />
<br />address is
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<br />WITNESSETH: ThaI Trustor GRANTS. CONVEYS, SELLS A:-ID WARRA:-ITS TO TRl:STEL 1:-1 TReST. WITH PO\\TR OF SALE. the following descrihed
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<br />propert)', situated in HALL _ Count)', :-Iebraska:
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<br />Lot Two (2). Block Seventeen (17), in Fairview Park Addition to the city of Grand Island.
<br />Hall County. Nebraska
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<br />also known as
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<br />909 WEST TENTH. GRAND ISL~'ID. NE
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<br />68801
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<br />(Number and Sueet)
<br />together willi all build.ing~ ami impron::lIlcnt.. no\\' or haC'.1fter C'h..',-'tt.'d theTe,m ;)nd aU ~:r~~n'l;.~ ..l\\nin~'i. ,h3\k... .;,1I'rl11 u~h JOd. h1ind'i. Joll hc-Jtin~. Hghting,
<br />plumbing, gas. dc-clrk, \.enlibting, rcfrig..~rating ;Jnt! ;Jir-conditioning \."quipment u~d in \.-(lnnt.~t.-'I(ln thcfc\\ith_ .111 ,.f whi....h_ fl\T Ihl' I'urpll$l..' of this I)t:c:d of
<br />Trust, ~h3n be declOl"d fhtlUl"S and subjc:ct to Ihl" lien hereoe and the herl.~i13ml.-nl'S .lod .Jr-rurh.-n.lo..-e'S rh.-r1.Jinin~ h) the- I'r{)~rty ;l~W~ dl"sl'ribet.i. J.nd 311
<br />streels. bnl's. aIlL'Y~. Jla~~gl"s, ways. \\..lters. waler cour,S;t-s. rights, liberties .md pihih."ft'... ,,113""'''('\-t'i ih...-rc:unh) l~longin~ or io anywise J:ppt'rtJinin~ 3nd the
<br />rc\.ersiuns and rL'mainders. all of which is r~fcrred to hereinafter as the -'prcmi~s "_
<br />
<br />TO II:\\'E ;\~I> TO IIOlD Ihe aoo,'c-des.cribed prcmi~.:\\ith the appUrlen3nl-cs .lnll fi'\lures. unh) the ~id Iknl'ficiJ.ry. it... succes...,"Irs; JIltl Js.sj~ns_ forc-vcr, for
<br />the purJlo~s ami uses herein set forth,_ free from ~U lights and ~ncfits under .lnd by ,-irtul" of .lny lIomestead E:\.empti\."ln I~,,'S of the State of N~bf;J~k3
<br />which may Ix' ~nacted. whk-It S;Jid rights and benefits Ihe-saKI" Trustor doC's her('h~. e'-JlI,."s'SoI~' rde3~ .lnd w.1i,'es_
<br />
<br />Trustor also assigns to Beneficiary all rents, issues and profits of S3.id premi~s, granting the right to collect 3nd us;~ the s.amc. \\;th or \\ithout taking possession t)1'
<br />the premises, during continuance of default hereundcr~ and during continuance of such default 3uthorilin~ Bendidary to enter uron S3id premises and/or k1 c(1)(",,'t
<br />and enforce the same wintout regard to adequacy of any security for the indebtednes.s hercb!" se-cured b!" ;.Iny bwful J1h.\3nS indudin~ ..ll'rh'intm(,~nt of;1 h.....eh'et in
<br />thc name of an)' pa/l)' hereto, and to appl)' the same less costs and expenses of operation and coUe.:'ion, including re.asonable a/lorne)"s fees, ul'on all)' indebled.
<br />ness s""urcd heICb)', in such order as Beneficiary ma)' detelmine,
<br />
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<br />FOR THE PURPOSE OF SECCRING: OJ Performance of each agreement of TcuSlol c'Onl3ined hercin; (2J P"ymcnt "r the principal sum \\ilh inte/est, as
<br />pro..-idcd in accordance with thl' t~lIns and pro\'isilm~ of a Promissory ~llte J Loan A}!ICemenl (heh."inJfh-t h..fened "1 JS ""hltl\i~,or~ note") dJ.tcd
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<br />JANUARY 22. 1988 . herewith ewetlled by Trushlf anJ pa).hle h> the .,..lei of Hl'nefici3lY, in Ihe Prmcipal SUIIl or
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<br />S 66nn.4R . and ha\iog Ihe Jate HI' its final ra) menl due..n .1122/98 ,.If '" e\tended.
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<br />deferred or rescheduled by rcnewal ur refinan~e: (3) P.lym~nt of an~; a.dLlition.lI a..h-an.."l::s, witll t01.l'JCQ thl'lt'll" .h t11a~ h".lc.lftc....r b" h_'JncJ by U.:nefi..:"ury
<br />
<br />to Trustur in a miJ,imulI1 sum l)f S 6600_48 within 15 ~-\.'..IJ" flt'1H 11h.' d.jh' ,,1' lht...l'h.',,"J t"lf Tllht; hllwe"~r.
<br />this. para~laph docs not constitutc J c\JInmitl1lcm by O('"efid3JY to lIIake future ..1d\3n..:e~: .-1. 111l' I'.i~ I1ll'nl "f ..my I1lt'Ih.'~ that 111.tY b" .1lIv..ln,,'('d by the
<br />Beneficiary to Trm,lor for any reason or to third partics, wilh inter~st theret.,n, where tht.... ,Hn~\unh .11\' ..uh."1\-('.1 1.' phlh.'d tll... ,('..-mill In ..1l'i:'tlrdalh:e with thl"
<br />covenants t.lf this l>Cf."d of Trust: (5) ..\ny renewal. refinandn~ t.)( e'-tension ~f 'JiJ pfOlni\~o[~ IhltC. t'J afl~ ,'tll"l .ifr(,~ement It' I'.l.~ whid) m,J~ b,' !'IlIb~tituud
<br />therefor.
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<br />All payments made by Tru!\.tur un Iltl" IlhligJ:tion ~...-url"d hy Ihi\ n..~d nf TJU'S1 ~'I.J.III~ ..I1\J'lil'J In Il1l' It'lhmll1~ 'l((_ln
<br />FIRST: To tht." luymL'lIl t.1f t;J'-~S and .1"i.\~",m~nh tlut I1UY 1,-" I\',-ied .lnll """'\.-''i'd .Jf..un'l '-lIlt I'h'lJ1l~""'. m...m .tn,-\." )\1(.'111111111'" Il'P.1U', ..llh..l all oll1,,'r d13r)!l'"
<br />and cxp..:n~s J!!h~~d III l~ Iuil! by Iht." Tru'itor.
<br />SECOND: To Ihl- papu....nt of int..:.cst lIut." on 'S3id In~n,
<br />TlURI): To the pa)'lIIenl of I'rindl>>!.
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<br />TO PROTHT TIlE SECURITY HEREOF, TRUSTOR.SI COVE~'\~' S '\~I) A(;RITS ell." kc'c'l' ....i,1 1'1c'lIIi,,'s in'luetl af,,,n., I"" hy firl' ;",,1 olhl'l
<br />hazards. casualty and o.mtin~enci.:s. Ull h. the full "alu~ of .III imJ1hW"'lIll"nh It.ll till' Il'(\"'4."li"" HI' U\'!h'tkiary in "...:h m:mn~r.. in ,ul'h JI1H\IIIH\, ~Uld in sUl."h
<br />CUI1lI';Jnies as Ucn.:fkiary may from time tn time allpu1\....._ .tIld 11131 10" 111\\"'-\'''\''4.1\ II.."... l""I'""O"'\' ,~.- ~'"l1,"ditlfll ,h,dl, at Ikol'fll'iJJY's t.lptiullI 1",' JppJi(,'d un said
<br />indebtedne~\. \\'hether due t.lr nut or III the r~s.loration of '-lid imprt.n'elll\."nh. In ,,'\\.'nl (\1 In,\.. Iln,It" \'111 ~in: inlll1\....tiJlt.' n"ltil."t..' hy mail h\ th\.' Bcnl'fid;IIY.
<br />\\'ho may make proof uf lus'S if not made promptl)" br Tru\hll_ and l'ad. lII'U!,l1h',' ..t'lIIp.ln~ \:"Ih',"u1\-ll1\ 11l'1\.'h~' ..lutllt'rl/ell ..lllll dhl'l..t,,~d tn IJlJkl' p~tymenl fnr
<br />such loss dire('tI~. to 1111.:' Henefi.:iary instead uf lu Ihc Tru'\o.tuJ. (~) ,"" p.l~ ..II '..I\l'\ 31ltJ \1lt.'n..lI .1'''''''''11h.''n1\ (~f .Iny kind IIMt hJh' h..'l:n llJ may he le\'ied or
<br />asses.sed upon said premiscs.. and tu ddi\-ery to lJeneficiarr, upon, iequt..."t (If Ihl' n1."nt.'fl\'jJI~-" II,"' ,,1fici~tl Il'C\.'ipl \lHl\\"in~ p.Jym\.'nl uf 311 ~Ul"h taxes and
<br />assessments. (3) In Ihe e"~n1 of default by Trustor under p,)f:J~raphs I ('I .2 .lIlt1'."., nl-IWfldJf~. .tl ,,, 01'11011_ m;l}' tal pbl'\." ~1I1d keep sud. in\IUanCl' 3bo\"e
<br />provided for in fort.~e throu!!hullt the lift:' of this Ill:'ed of TIII"t and pJY Iltl' 1\.',l"i,,'IUI,I\... I'h'll1l11m, .md dUI!!l'\ th....h..for: _hl pay all S3id 13X..'S ami a'!r'~('ssments
<br />without del~rn1ining the \"alidity thereof: and (c) Ilay such Ii\.'n\ ;Jnd ~lll .;.ud. dj...bur",'m\.'nh ,h..lIl I" It,'\.'m.:d ,f lurl "f Ihl' nuh.:htl'dne,s Sl'cllIl.~d hy Ihis Ilc..'d of
<br />Trust and shall. be inull,,'diale1}' due and I'aY;jhl~ by Trustor tn Ucn1..'fid_uy_ (..J 1 To h'\.'p till' 11Ulhhn~... ..HId "111\'1 imprn'(",Tlh.~l1ts now \.'\i,Un.!! Hr here~tner
<br />erected in good ('oudilion and rel'air, nut to \.-ommil or sufft..'r any \";j,t\.- III ..ln~ 11...... 01 '.tltl ph..,I11'....' l-~'1111tJ~ In Il....uil..-tiun\ (11 h.'curtl nr ,,',ln1r;ny tn I.t\\", ~tl1t1
<br />tn pertuit Uenefidar)' 10 enter .j( all rt..-asonablc times for the purpo,\.' ut irhl~l'lInJ! tltl' l'h'IIII\.4..'~~ nul h' 11.'II1Uh" ,)I Jl'nwli~h ,lilY buildin~ th\:'r..'oll; tu r..'stun.'
<br />p/oml'lI)' and in a good and wOIkmanlike manner an)' bllildint:' which may be damafed IlIlleslro)"l'd thereon, ;lI1d tn pa)', when duc, all c1aitm fOI labor pC/fOll1led
<br />and matelials furnished thc/efo/; (S) 11lat, if a signel of Ihe P/Ol1liSSO/Y Notc, he will pa)', pml1ll'll)' ,hl' ilHll'bt,'lInl'" Sl'ell/ed he/cb)', and pel form all "thcl obliga.
<br />tions in full coml'liance with thc tC/ms of said Prol1lissor)' Note and this Deed of Trllst. (6) 11lat IlIl' time "f pa)'l1Il'nt of the indebtcdness helcby secll/ed, 01 of an)'
<br />portion thcreof. Illay be extended or rencwed, aud any portions of the premises herein dl'snihed 11M}'. withoUI nutk.... b... released from the lienlll:Jl'of. wilhout
<br />releasing 01 affecting the pClSonalliabilit), of any pelSon 01 the prio/il)' of Ihis Deed of TlUSL (7) 11,al hl' dOl'S hereb)' fore<~el warrant and will forc\'er defend till'
<br />tillc and I'ossession thereof against Ihc lawful claims of an)' and all I'elSons whatsoe\'er,
<br />
<br />IT IS Mlffll"LLV "GREEI) TIIAT:
<br />(I) Should Trustor fail 10 makl' any pJyment or do an)' act as herein IHo\'ided. or if ~lIIr ;Klion nr prnct...".tlil1~ i.. COl11l11l:'nn'd which mat..~riJIIy aff,,'cts
<br />"enefid~lf)"S interest in the Premises. th....n Rcncficiary or Trustt."!.:'. hut withuut obligation In tin '(1" ;lIld without nolie.., lu or d~l1land upon Trustor. and
<br />\\'ilhol1t releasing Trustur rrom an)' obligalion hereunder, may make or do Ihe ~..me, a-nd may I'M}', I'tHeha..\:', ..'ontL'\1 or nllnprnmi~e- .IIlY l'J1ClIl11hr;IJKC, dIJrg:l~
<br />or lien, which in the judgment of either appears 10 affect said pr~llI:'rt)'; <Inti in I:':\crdsin~ ~I1Y ..ud, powers, innn any liahilil}' ;IIHI l':\I~end whate\'er amounts in
<br />the absulute disnctiun or Ikncficiary or Trustee either may deem nC'l'C~~;try tllcr....fnr. All ,um~ sn innurctl or c:\pcmkd hy B\'I1l'ftckJrY or TIUSICl' shall he
<br />without.demand immediately due and p3yabl~ by Trustor. shall bl:'ar inlcrCsl at till." iligh"'''iot r.Jt\.~ permiHcd by law, and ,h;,)1 hI..' '\\.'clIJl"d IH:"rehy_
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<br />(2) Should thl" Ilrcmisc-s or any part 1hereuf he laken by rl:;j....on of any comkmnalion IlTOCl,..'din!!, U\.'I1('fid:ttY "hall hI:' \.'ntitkd In :111 comp,,'ns:ltiol1, ::rw:lrds
<br />:Itul other payments Iherefor. and to apply III~ same on (hl" indcbtL'dnc~s ~cured hl'rehy.
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<br />13) Bj' an"epling payment of any sum hereby sCl'un...,t afll'r ils UUl' datI:', or :11"1\'1 Ih.., fllil1!-! of !lotict.' of dt.'f;11I11 anti of dl'Ct!OI1 to ,dl. Iknl'lki;uy ,hall 1101
<br />wain' ils righl tn Icquir~ proll1pl paymcnl whcn dllt~ of all OII1(,l ~t11I1\ So ,('rUled. or 10 lkdart." l!eLwll for f,~ihHl' to \,0 pay. III In profl,..'tI Wilh the ..;;dl' under
<br />any such notin.' of tlefault and of e1ectiun to St.:'II, for any unpaid babnn' 01 said IIIddHl"dn,,'''. If Ik'lIl'fll"i:tlY hollh ,111~' ,,,ldillon,11 \l'l'uril) for ,lilY tlhli~;llitll1
<br />\l'l"Ufcd hl'n'h}', it mal' "'"furn' thl' sale thcll'or at ih optitlll, I.:'ithl.:'l Il\'fo 1 1.:', l"l\llh'mpOI,tnl'Otl,l~ Willi" 01 ,Inl'" llll' ,;tk I' I1Ltdl" hl'll'UJlth',
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<br />2"'04"" InEv "8!o1 NE-GENERAL USURY LAW
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