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<br />%8-- 101115
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<br />THIS DEED OF TRUST. is ma~~s~~h?F T~~.~r .::./ / ~ ]9~ by and among
<br />David J. Bacon, a single person, ("Trustor"). whose mailing address is
<br />519 West 12th, Grand Island, Nebraska, 68801,
<br />Sam Grimminger, ("Trustee"), whose mailing address is
<br />325 West 4th, P.O. Box 574, Grand Island, Nebraska, 68802, ,
<br />and R. Daryl King and Arlene J. King, /husp~~efi\%:\.yW~;~(Jse mailing address is
<br />821 West 8th, Grand Island, Nebraska, 68801
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<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers. conveys and assigns to Trustee, IN
<br />TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary. under and subject to the terms
<br />and c~n~tions ofthis Deed of Trust, the real property located in the City of Grand I s land County of
<br />a I ~ State of Nebraska, and legally described as follows (the "Property"):
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<br />10.5
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<br />H,:!i'11:l!1 and ~.~i!0r & Wait Walton_ Ne 68461
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<br />Lot Four (4) in Block Forty-five (45) in
<br />Russel Wheeler's Addition to the City of
<br />Grand Island, Hall County, Nebraska.
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<br />TOllETHER WITH. all rents, easements. appurtenances. hereditaments. interests in adjoining roads,
<br />streets and alleys, improvements and buildings of any kind situated thereon and all personal property that may
<br />be or hereafter become an integral part of such buildin~s and improvements. all crops raised thereon, and all
<br />water rights.
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<br />The Property and the entin' estate and interest com'eyed to the Trustee are referred to collectively as the
<br />"Trust Estate".
<br />FOR THE PURPOSE OF SECl'RE\'G:
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<br />a. Payment of indebtness in the total principal amount of S 14,000.00 , with interest
<br />thereon, as evidenced by that certain promissory note of even date nhe "':\ote") \\ith a matmity date of
<br />, executed by Trustor, which has been deli\'ered and is payable to the order of
<br />Beneficiary, and which by this reference is hereby made a part herrof. and any and all modifications, exten-
<br />sions and renewals thereof. and
<br />b. Payment of all sums advanced by Heneticiary to protect the Trust Estate. \\ith interest thereon at the rate
<br />of ten percent ( 10 ,', per annum.
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<br />This Deed of Trust. the ~ote. and any other instrument given toe\idence or further secure the payment and
<br />performance of any obligation secured hereby af(' referred to colIectiwly as the "Loan Instruments".
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF INDERTED:>\ESS. Tru!'tor "hall pay when due thl' Imncipal of. "nd the intl'rest on, the
<br />indebtedness l'\'iden('ed by the :>\utt'. chargl'!'. fl'('s and all othl.'r sums as pro\'ided in the I.oan Instruments.
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<br />2. TAXES. Trustor shall pay l'aeh installment of all taxes and !'Jl('(,lal ll.$."l'l'..<;ml'nts of t'\'l'r~ kind. nowor hl'reafter
<br />levied against thl' Trust Estate or an~' part thl'rl'of. ht>foH" d('linqul'l1t.~.. without notiC't' ordl'mand. and shall providl'
<br />Beneficiary with l'vidence of the payml'nt of sanll'. Trustor "hall pay all taxes and a!'~ssments which may he levied
<br />upon Beneficiary's interest herein or upon Ihis I )1"ftlofTrust or !hl' tll'ht SI'1.'ured hl'n'hy. without n>gard to any law that
<br />may be enacted imposing payment of thp wholl.' or any part thl'r..of upon thp Iil'nefieiary.
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<br />3. INSURANCE AND HEPAlHf. Trustor shall maintain fiJ'(' andl,xtt'llfled l'tl\'('ragl' insuranC{> insuring the
<br />improvements and building!' constituting Ilart of thp Trust Estatl' for an amount no Il'sS than thl' amount of the
<br />unpaid principal balanl'l' of thl' ,",OIl' 'l'OIl)"Urann' not,'x('l'f,>ding 1l0'7 l)('rmittNlI. Su('h IIlsnranC't' polil'~' shall {'Ontain
<br />a standard mortgage dausl' in fa\'ur of Bplll'li('i,lI'Y and sh.III not hl'cancellahll'.tl'rmlll.lhll'llI' modifiahll'without ten
<br />(10) days priQr wrillen notiel' to Bpnl'fi('iar~'. Truslor "hallllwmlllly n'Jlair. maintain and n'lllact.tlll' Trust Estateor
<br />any part thl'reof !", thaI. l'XCl'pt fur "rdlllar\' Wl'ar and tl'ar.thl' Tru"t E"tatl' "hall ntll dl'h.riorall'. In nOI'\'l'nt shall the
<br />Trustor commit wasIl' on or 10 Ihl' Trusl ESlate.
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<br />4. ACTIONS AFFECTI:>\(; TRl~ST ESTATE. Trustor "hall appl'.lI' in and Conll'!'1 any action or Ilroc('('ding
<br />purporting to aff('('t thl' !'l't'urity hl'r('{lf or lilt' righls or IlO\Hr5 of Beneficiary or Trusll.'('. and shall pay all costs and
<br />expenses. indudinl: cost of l'\'idl'nct' IIf litll' and altorm'y's fft>". in any such action or proC't'edingin which Bl'neficiary
<br />or Trustee may apJll'ar. Should Trustur fail 10 makt, any IlUyml'nt or to do any aCI as and in till' mannl'r provided in
<br />any of the Loan Inslrnml'nts. Benefi('iary and or Tru"tee. l'ach in ils own dis('J'('t1on. withoul ohliglltion so to do IInd
<br />without noticl' to or dl'maad upon Trustor and wilhoul rdl'a~ing Tru~lor fromllny obligation. may make or do the
<br />same in such mall/wI' and to su('h l'XII'1l! as l'ither may del.'1Il nl'C('s~ary 10 proll'ct till' !'l'curity Ill'rl'of Truslor shall,
<br />immediately upon demand thl'l'efor by Bl'neficiary. pay all costs and l'XI)('nsl'S in('urred hy Bl'nt>fit'iary in ronnl'Ction
<br />with the exercisl' by bent>ficiary of tht, fnrt>/-(oing rights. including withoullimit,llion costs of (,\'i<l.'n('l' of title. court
<br />costs, appraisals, sun'l'Y~ and altnrrwy's f....s. AllY ~Udl ('osts and t'xl)('n~t'!' nol paid \\;thin Il'n' 10\ days of written
<br />demand shall draw inll'rest at lilt' .It'fault ralt. prn\'I<I.><I in thl' :'I:otl'.
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<br />5. EMINE='IT Do~tAI:>\. Should th.. Tru,,1 E"tall>, or any part ther('of or intl'll'l>1Ihl'rein. 1)(> takl'n or damaged by
<br />reason of any public imllrm'l'nlt'nl nr n'nd"IlI11allon pn"....'(ling. nr III any other manner induding dl'('(! in lil'u ofCondem.
<br />nation ("Condemnation"). or "hould Trustur n,,'I\'t' ,lilY nolln' orolhl'rinformation regarding su('h prOt'l't..ling.1'ru!'torshall
<br />giVl' prompt written noti('(' thl'n'of 10 I\l'Ilt'lkiary B"Ilt'lit'mry shall 1)(> entitled to .111 comllensalion. awards and otht>r pay.
<br />ments or relief therefor. and shlllll)(> t'ntilll'd lit lIs "Illlnn to romml'nce. apJll'ar in and prosecutl' in its own nllmo: any action
<br />or proceedings. Benefi('iary shalllllso lit' l'ntill...1 10 makl' any com promi Sl.' or settlement in conn....llOn wilh such taking or
<br />damage, All such comJl{'nsation. awards. damag.,!!. rights of action and proc('('(\s awarded to l'ru~lor nhl' "Proceeds") are
<br />hereby assigned to Beneficiary and Tl"U~lor agn'.'S tll "Xt'Cule su('h further assignnll'nts of th., PnlC('(,.l~ 1I~ Bl'nl'liciary or
<br />Trustee may require.
<br />Dyes D no Sa FUTURE ADV ANCES Upon r('(luest of Trustor, Trust<>e or Beneficiary at l'rust("("s option. prior to recon.
<br />veyance of the Property to Trustor may make future ndvances to Trustor. Such futuJ'(' ad\'ances. \\;th in\('rl'st thereon, shall
<br />be secured by this Deed of Trust when l'\-idenn>d hy promissory notl'S staling Ihal said notl''' arl' ""curro Ill'reby.
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<br />6. APPOINTMENT OF SUCCI-:"o;;SOH TRl'STEE. Bendiciary may, from tinll' In I1l11l', hy a ",nUl'/) inslruml.'nt
<br />executed and acknowledged hy Beneficiary, mlllh'd 10 'I'rustor and Rl'COrol'd in the Counl\' in ",lllch th., Trusl Eslatl' is
<br />located and by otherwisl' complying with 11ll' pro\'isions of I Ill' appli(,ilhle law ofl hI' Slatt. of ~ "hraska SlI hstllull'a SlIc('('ssnr
<br />or successors to the l'ruslN.' nanll'd herl'in or actinl( IWrl'Ulllll'r
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<br />7. SUCCESSOHS ,\='If) ASSIGNS TillS DN.'d of Trust appli.", 10, IIlUrt'S 10 lilt' 1""llt'til "f alld hlllds all partll's Iwrplo.
<br />their heirs, IpRal(>('s. dl'vi(\'{'s. pt'rsollal r.'pn's"lItativ.,s. SU(\'t'ssors alld as."II:ns '1'111' INI1l 'H",lt'ti"an" "hallll1l'an lilt'
<br />owner and holdpr of Ihl' NUll'. wllt'llll'l' nr llol nllllll'd as Il"n..finary h.'rl'lIl
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<br />8. INSPE("r[()NS Helll)ficlary. Of It..... n~..l)ts. n'pn~t'nt:lti\'l-:; or \\'orkrllPfl ;\n. :tuth"nlt"l:i i,. I'nt,'r .It ;111\ ft)Hsnnahlp
<br />hllll' IJlmn or IIlllllY part of lilt' Trllst Estill.. f';r lilt' I'III"I"'S" lIf III "Ill'd III I( lilt' saOlt' and for tIlt' I'ml''''''' "I' Ilt'r!Orlllllll,: an~' of
<br />th" nctJl it if! Hulhonz.'(l III Iwrform IIl1d.'r lilt' l('nns of un\ Ilf lh.. Loan Illstrllnll'nts
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