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<br />DEED OF TRUST
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<br />BENEFI~I~;; 101138
<br />A VCO FINANCIAL SERVICES
<br />INTERNATIONAL,INC.
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<br />GRANTORIS): r;;;~ON;;~~
<br />L....ST NAME FIRST Ii'UTIAL L...ST !'CANE FIRST INITI.20.L I
<br />FERGUSON RANDALL P. FERGU~ON CHRISTP,A "
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<br />MAILING ADORES!!! CITY "'TATE 21P COD'"
<br />1503 Hindsor Road Grand Island NE 68801
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<br />416 :';est Third
<br />(Addr",s)
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<br />THIS DEED OF TRUST, Made this 3rd dal' of '.'",..,.h _. 19.9..9-. between
<br />hereinafter called TRUSTOR, whose address iS~J.--.,..:inctEor ;'oad
<br />. hereinafter called TR L:STEE. whose address is 1 f If>" l'
<br />and A VCO FINANCIAL SERVICES INTERNATIONAL. INC. Nebraska corporation.
<br />416 \'!P<:t- Thi,..il, r.r"nrl T<:l"n~ fORgO!
<br />WITNESSETH: That Trustor GRANTS. CON\'FYS. SELLS AND \\ARRANTS TO TRL'STEF. IN TRlST. \\lTH POWFR or
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<br />Grand Island . NEBRASKA
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<br />Randall p. Fer~uson and Christina
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<br />.. Fen'~t~.fm). hus~an~ and ~,'ife
<br />tl.-: Y I . l'U~:C1.b
<br />115 '-'t C:"ire 100', Ol;~h:l', "1\ 6S1S'1
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<br />hereinafter called GENErlClAR Y. whose address is
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<br />property. situated in
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<br />S.-\LL the following described
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<br />;'" 11
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<br />County _ ~ebraska:
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<br />Lot Four (4). Block Three (3), NOrMandy istates, an Addition to the City of
<br />Grand Island, Hall Countv, 'lebraska
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<br />also known as
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<br />1503 I'indsor "oad
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<br />(Number and Streel)
<br />together wilh all buildings and impro\emenr,- no\\ ,'r h'l..:t."~'-Ier t.."h~...-Ied Iheh:''l..''" J:nJ .!:li ~-rt.'en'So, .l\\ning~ .shades, storm sa..sh and b1ind~ and he-atine. Hc.htin2."
<br />plumbing, gas, C'lc~tric, \'entilalin~, rl...frt~C'rJtJn~ Jf!d Jlh:llndlllullln~ \."quipm.."nr uk:'d In ...-()!lnCI.."Uon therewith. all of which, for the purf70Sie of thlS O~~d of
<br />Trust, shall be deemed fi\,tures and subJ~t.'t to Ihl.." lI!."n ht.."h"l)f .md rhe h1."h,'l1n.!mc:n~~ J:na Jppurtl:nJnces pertaining to the rr\."ll'C'rI~ Jbt."l\-e dCSo\:'ribed. J.nd all
<br />'litrcets, lanes, alle}-s,. passages, \\.-3r5, walen. W'-IC'C ,,:our(,('\. f1~hh, hht'Uh:i .Jnd rrl\ilep."" Uh31~~,"'er the-reunto ~Ion~ing \."lr in 3n~-wi'S:' apPl"rtaining and the
<br />rc',clsions .:md rcm3in~,~ all of which ii referred 10 herelOJftC:l .J\ thl.." "prt."ml~\"
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<br />TO IIA VI: AND TO HOL~ ~~e a~Jo".e-de5C.-ribed premises., with Ihe .Jppurh:on.!n-:e\ ,inti fi.'\.lurci.. unto the said B.:nefid.Jr). its iU.:,XO'5.Wn. and as.g~ns., fOf('\'er. for
<br />Ihe purpo"" "nd ule' hllfein5Sl:llbrrh. free from all righ" .nd bencfl" undcr .nd !>~ 'ulUe c.f an}' Homeslead b,emplion Ll\n of Ihe SUIC of Nebraska
<br />which may be enacted.. wtlieh'5:lill rlgJtl~ and benefi" the ",d T ruUm d,,,,, here!>} e'p"'\'Il~ rcle.... ,nd \\..i.-....
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<br />Truslor also assigns 10 Beneficial}' all renl5. issues and profits of said premoo. oantiru: Ihe ruht 10 collecl and us:.- the same \\ith 01 \\ilhoUI takine 'i"',-<""sjon of
<br />the premises, during. continuance of default hereunder, and during continuance of such default iuthQrilin~ Bene-Hd..3f}- to ente; :Jpon SJ:id pr-emis'f'$. an-J/of to colh.":",,"t
<br />and enforce the same without rcgard to adequac)" of .an)" seeurit)" fOI the indebtedness hC'-Nb)' s<<ured bl an)" bwiul mC3nS indudi~ appointment oi .! r,'"\:~i\'eI in
<br />the name of any party herelo. and 10 apply L'le same less costs and exper.= of operation:rnd collection. including re.:!Semble allomey"s fe...,. upon any indeb!,'.(\,
<br />neS5 secured here b)' . in such order as Beneficiary may' delermine.
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<br />FOR TIlE PURPOSE OF SECTIUNG: (II Perfollnance of eodl 'l'I""menl "f Truslor c,'numN helein: 121 i>.ymenl of Ihe prinnp3.1 sum wilh inlel"'!, as
<br />pru\idcd in an'ordan'e \\ nh the term\ and prO\lSlOn) \.11 .l PromIDOr} Sote Lo~n :\~a:rnent (heremJ.ftel r.-<l"e-rred to .u hpromisi.\.ln nt-'t~") dated
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<br />HQr(lh 3, 1988 . here\\lIh e,",uled b} Tru\lor .nd r.}..ble I" Ihe "rder of Be"efKUI}, in Ihe Prrnc.l'3.I ,um of
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<br />$7109. OS and "'''me the d.le..j I!din.. r3~ ment due "n !:du.:11 3, 1 ~~8 . "1 ., <'Iended,
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<br />deferred or rescheduled b) rcne\\. ill or refm.lnt.:e 13. PJ:~ n~n! ~~f .!n~ ..1JdllIu~! .Hh.m.:t:'''_ \\ nh mtele~t theuon as m3~> here3(rel b~ Ill.lned b~ Iknenl..'IJ.J)
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<br />In. TrU\lor in a ilia ,lmUIII ~um of S ~ O~ _ wllhin IS. yc,ns from the d31e \.'\f th." lle-,,"'d \.'\( TJ1Ht. hllw~\"er,
<br />thn pJra~raph does not .:onSUtuh: J. ..:OllllIH ment b} lknetl.:un" to m~e iUlur~ .!,h....n~cs; .-t) ThL' l'.3.ymtnt \"If .ln~ mont) thJt ma~ be Jlhan,,'cd b) the
<br />Ucncfkiar~ to Trustor for "Jny re.!lwn or to third. rarlle!l.. \\ nh interest theJ'Con. n her,,' th,,' ,UlhtUnts .1h.~ .uh'..m..:>('d 1-0 Pi\l:C-(t the sC'~,:ufit)> in 3((''lll;.h.nl~ \\'ilh the
<br />l.'lncnanh of thl\ l>c~d of T:'lst. (5J An) renewal. refinandng: or e'\.ten~ion 01 'l.:!ld rromliW:} nflle. <\1 .1n} ",ther .J;rcement to J'J} \\hi~h m3} t>-l" ~ubstitutcd
<br />therefur
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<br />All pJ).mcnls made by Tru~h'r on Ihe ubhF.Jllon ",-,~urt.'d h} thh [)~d \lr 1 ru\~ '\n.dl tx' .Jpph~d tn th..." il,nO\\m~ order
<br />FIRST: To Ihe pJ}"IlH,'nl ",f IJ'\e\ Jnd J,<i\.'\.'Hlll..'nh th.JI m.J~ ~ i~\h.'d .lnd .l""k...,-~J .J~J:m~t UhJ 11h.'011'iC\. m\Ur.!nc\.~ pfcmium\, rl'Jl.lIf"\. .Jnd all nth,,'r Ch3r~I.."S
<br />and c\pensc\ agreed lu be pJld b) I h\.. 1 ru\lor
<br />SECONL>: Tu Ihe pannenl ~I" 1lI":T~c;1 dul..' on 'io.JIlJ lo.!n
<br />TlIIRD: To lhe l'a)'I1l~nt ,,' I'rulnl'JI
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<br />TO PROTECT TIll. SECURITY III RIO!. I Rl.S lOR. SI CO\ I SAN1S ASO ,\l;RU S: f 11 h' h'C!, "".J "r~rnl<<' rn'Uled 'e.rn" I"" h\ fiT<' .nd ,'the,
<br />halard~, \:asuall} .md \.-ontm~\..'h:I".'\ up hi ttll' full \ Jim' llf .111 ImphJh'm~nt\ (OJ Ihl" r'ule....thiO I,f R~lh'fi('t.H~ in \ul..-h m,mn!""I. In \ulo.'h .Inwuflh, .JnJ In i;udl
<br />~ompJnies as Benefieldry m.l~ hum lilli\.' hi 11I'1l' ,'pph'\l', .lnll IhJI 10.,... rll....~...W\ Ih.'",,- 1."'\~n"l. ~If ..-II.,lh'..-lIl1.ln. .J1.1J1, ..11 Ikndl.:I..lf~- \. uplwn, t"'l' J.rr1h"-d \\n \Jid
<br />indcbh."dnC's~, \\helhcl dUl' l)f Ihlt nl to I hI..' rt"Iur.lltnn ,'f ,-.ud m'pr~'\l"nh..nh_ In ~\1.'nl \\1 II"" TrU\tof \\tll ~Ih" lIumt"t..lIJU nlltKc ,,~ 111.111 h' tht,~ n~nl'fln3r~'.
<br />who 013). make proof of 10" if ntll Ilud..' 1'1."111'11, h) J HhhlI, Jnd. t.",1\:h m'u!'.!nt.\.~ Io.'''mp..m~ ..-.'nu"rne-J l'io h1.~'1.~h~ .!UllhlIll..~d ..lntl tiU("..'h"J It, IHJ.lt,' I'Jynll"nl f,\r
<br />sud. loss directly 10 the n\;'lh..'lh:ur, lIl"h.",t1 Ilf I.. 1 hI." 'ru\h" l~) r \1 pJ) ..II I,J\\.~\ JnJ '1"...-..'1.)1 ,J"'~\.\nh:nt\ nf 3n~ ~inJ Ih:,H h.!h" l'l'1.."n "r nu~' lx' Il"U("d 01
<br />J\.Sesscd upon \.;ud prcmhc:'. .lIld III J"'h\\',, In Ih'n..'tl,,'I.H). Ill'i.ln rl..'qU1.'\1 ",i :he Henl.'fl..'UTl, th1.' ("iflcul I"'l"'~IJt1 'h(l\\m~ r.Jymenl 1.1f ,111 '11l'h 13\\"' ,lOd
<br />assessments, (3) In the c\('nt uf d\'lJul1 h\ I nhloT under J'JrJ~raJ1h\ I or 1 Jh.'\\"\:, Rtnl..'fl..'I,lI)'. .1t It\ oplil'n~ m..\} ~.1) I'hlo.~(' J.nJ l.",'.."P ,urh m'-urJnc(" .ahll\T
<br />provided for in for~~ throuJ!huul till' hk I" Ihl\. Ih"1.'J 01 1 rU'iot Jnd pJ) tht' r~.J~'nlb!t" rh.~m1Um\ .lI1d ....hJr~('\ therefor: (h) r.J} .111 '-lId 1.J\l..'\ .lnd 3\~!Io.\ml"nh
<br />without dl'lermlllll1g (hl~ \31I1jll~ lhl'h"lf .I"d h' P.n '\h'" IIl'n\ Jnd ;,tI, \u..:h (hd14n,,"m,,"nl, ,h.:,:l1 I't' dcemed J pJJI of thl' indehh.'dni"\'\ ~i.'Ule~ h~ lhi\ l)('("d 01
<br />Trust and shall he illHltedlalel) du,,' ,II III 1'.l\.lt\k h~ Inl,'nr hi n\.'n\.'fi.1.Jr~ .-It T\, l...'Il..p 'hI..' hUl1JUl~' ...Iud othl.'r Imph,vt,'lIwnh n.,\\ l",i..!illr .'f hl'h''.lftrr
<br />erecled in good l'ondilion and ft.....JII. Ih.1 lu "HIHIIIII lit \outleT ,Jn~ ".l'I,,~ t'r .Jn~ U~ t-f <..lid pr~nH\t." "tmtr..Jf~ 1l' r~~tridlOn... t't """(lid l'r l'Hntr.Jl~ 10 I.J\\, .lIul
<br />to permit Beneficial)' to Cn1l"r at all h~"\"I\.Ibh' 11I1}"., hll th(" purp\.l'C 0'- m"Jll.'dm~ Ih(' pr("nu).t:'i.. nl_1 1\\ rll,.~Il1(l\i" (lor d~molhh ..lilY huildm!! thl.'h..on, 1(1 rc\lnU.'
<br />promptly and in a good and wnrkrnanlikL' m.mll!:1 an) buildin!!s wluch mil)" bl' d3m3!:'l"d or de-stro~.ed thert.."Iln. and to PJ.)', when dUl", all dJim\ for labor p~"rfnrml"-d
<br />and materials fUlfiished Iherdnr; (5) Th.lt. If J ...ner "I' lhe Prum;ssury Note. h< will pal, I'romptl~' th,' ind~bt,-Jnc<s s<,<'uH'd ht'r~b~. Jnd "",furm all other oblij:a.
<br />Uon! in full compliance ,\'ith the terms of \.;uJ Prnmic;\ory Note and thb ()eed of Trust- (6) Thai the IIml." of IlJ~ ment of Ihe indc:b!cdne\~ hercb) '{,,(~UIl"d, ('Ir of an)"
<br />porlion thereof, may be extended or rc:ncw~d, and an)' purtions of the premhes ht:'rein dt:'s,crib\od IO.I}. \nlhout nOIl("(', hI.." rC"h:.ued from thl~ lien hl"h'of. withuul
<br />releasing 0: affecling Ih~ persunal IllbUiI)' of an)' persun or Ihe priority' of Ihi. Deed of Trusl. (7) Tha!"~ doe, h~reb) fnrc\er warrant and \till fornel drf~nd the
<br />ritle and po<se<sion thereof againstlhe lawful claim. of any anJ allpe"ons wh.lsor\er.
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<br />IT IS MUTlIALLY AGREED THAT:
<br />(I) Should Trustor fail h) mak~ .1n~ JlJytl1,,~nl or do Jill JI,-t J\ hrr~in prond..:d. or If Jn~ .KllOn or rr(\c1.,"'(hn~ I' n"nlll\.~nf\"d \\111\:11 nUleTl;.lII~ ~tffN""
<br />Utncfidac)'.,; inh~re....t in Ihl.:" I'n"miw\. thl"n "~nclidJ'Y or TrU\ll"\.", but without nbli~,Hion ,.' dt, '-t', and \\ilhoUI unlic1.' III 01 dl'11IJnd 111"1'0 1 rll~tOl. and
<br />without releasing TruliilOl from dn)" obhgallt'" h~f\"unt..!~r, ma~ moll...' Of :.In Ih..: 'l.;jm\:', .lnd ma" pJ~. purdu'l;t.", ..-(mh"'" ,'r l-omprlllllhl' ,H1~ clh\lmht~tI1c(.'. d'Jr~t'
<br />ur I~n. which in the jUd)!.menl of l.:ilhcr apll\:'M\ 10 Jffl....-t ,..ud property. Jnd In 1.''\\.~rlo.'I'mj! an) \u..:h (hl\\('n, Incur In} hahtlil} .Jnd ('''\I'l'nd ",h,lll''''( ,tI1h'unlt. In
<br />(he ;jbsolul.... diSt:lcllon of Henc:fkIJr) or TW\ll'\.' dth...T 1ll;H d\.',,'m n,,"l..\'~";'li~ Ih::r,,"for .\11 \Unh '" mcurr1."d or ("\.Ill..'ndt:d by IknL'fh-I;U~ ,"r Tru..'et" ,lull ht'
<br />wllhoul demanu ITllI11l"dIJil.'I). due ilnd payahh.' b~' r TU!ilol. \hJII I)t,,;u mtc:rC:",1 ,II thl" 11I~h(,\I ratl" pcrmlltl.."d h) I.J\\. ,md ...1J.J.l1 Ill' \.t.,."Urt'd h("h.h~
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<br />12) StUluld the Pll'Oli\C\ ('r .In)" pari lht'rcof ht.' IJkl'n h) re.1'on of ~ml \,.ondenlllJllOn pl,.....~(.('i.hn~.. Hrn,,'f1Cf.:n, ,tl3l1 I...... l'ntltlt.-.d 1t, all ~'nml\t'n'-.;.I'h'n. ~tW:tllJ\
<br />~nd o:her payml'nh thclefol. .ln~ to Jppl} Ihe i.JrTlC: on Ihe mdd'tednc\1 '\('l:urc:tJ hereby
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<br />t.l) Ih alTeptln!!: p3:)'IlH.'nl t,,- .my ...um hl..'rdl} \l'nUl'd afh," 11\ JUl. tbl\.', III Jfh'r till' rllln~ Ilf Onthl' ,,! lIcl.iUll ,Ind 01 l.k~ tl"1l ,,, "'II. Iknell< un '~ull nol
<br />\\di\'l' II~ 0;.1111 10 requtrr p,nlilpt P;t~ll1l'fH \"hen duC' HI ,III "thef \11111\ 'u \l..',,'ult'cl Of It' dt"dJtl, (kfJult lPI t.llhlll' I" '.1 p.J\. "I 1" pI"n,,'t1 \\1111 llll" '.Ih- undt'I
<br />,Ill) \ud. n011\..'\. (1f dl"fault dud "j ciu lion 10 \('11, tor .111) unp;ild hJtll\H" of \JIll mdl"htl"dnt"\ If Ih"lldld,Sf\ holhh .111\ .l,hllthHIJI \.l'..UP1\ I." .11l\ .."h~,tlhln
<br />""I..ur~d heldl), II 111;') l'n"",\" lhl' \,lll' tht'(l'ul JI !h "PIli"', \'Ilht," 1'C.'fotl'. IHl1h'mpOLuw,III,1\ \\llh. .Il _lIlt.! lhr \,lle 1\ nude hCfl'llIlt!t-,
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<br />H. 0.7. tn,v , .., HI OIHl.UAL usun'\' l.AW
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