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<br />88-
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<br />102390
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<br />DEED or TRUST
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<br />This Deed of Trust is made this !.l.t:b- day of May , 18--68 by and among
<br />
<br />H /I, n PARTNmC:I-lTP, ~ Ni'b;rilii~ P1Ft.nDF~h~
<br />hereinafter referred to as rus or, woe mailing address is P.O. Box 790. Grand
<br />Island, NE ; AREND R. BAACI<, Attorney at Law, hereinafter referred to as "Trustee,"
<br />whose mailing address is P. O. Box 790, Grand Island, Nebraska 66802; and HOME FEDERAL
<br />SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as "Beneficiary,"
<br />whose mailing address is 221 South Locust Street, P. 0, Box 1009, Grand I~l~~j, Nebraska
<br />68802.
<br />For valuable consideration, Trustor irrevocably grants, transfers, co~'_';:o and
<br />assigns to Trustee, in trust, with power of sale, for the ber.efi t and security . " [}C01e-
<br />ficiary, under and subject to the terms and conditions of this Deed of Trust, the fol-
<br />lo~ing described property, located in HAl I County, Nebraska, to-wit:
<br />A ~ract of land located in the Southwest Quarter (SW!) of Section Twenty Two (22), Town-
<br />shl.p Elev~!n (11), NDrth,' Range Nine (9), West of the 6th P,M., Hall County, Nebraska,
<br />more partl.cularly descrl.bed as fDllows: CDmmencing at the SDuthwest Quarter of Sectio~
<br />22, Township 11, North Range 9, West of the 6th P.M.; thence SDuth 89034' East along
<br />the SDuth line Df said Section 22 (said bearing is assumed) a distance of 65.0 feet;
<br />thence due NDrth and parallel with the West line of said Section 22 a distance of 33.0
<br />Feet~ t~ence North 42001' West a distance of 9.55 Feet to the point of beginning; thence
<br />c~ntl.nUl.n~ North 42001' West which is also along the Stolley Park Road right of way
<br />ll.ne a dlstance of 27.15 Feet t~ a pDint Dn the East Locust Street right of way line;
<br />thence due North and parallel wlth the West line of said Section 22 which is also the
<br />East right of way line Df Locust Street, a distance of 134.63 Feet; thence South 890
<br />34' East and parallel with the South line of said Section 22 a distance of 143.0 feet;
<br />thence due SDuth and parallel with the West line of said Section 22 a distance of 154.5D
<br />Feet to a PDi~t on the North right of way line of Stolley Park Road; thence North 89034'
<br />~est a10~g sald NDrth r~ght of way line a distance of 124.50 Feet to the point of oeginn-
<br />lng. Sal.d, tract cDntalns 0.5027 acres more or less and includes all of Loll:. One (l~
<br />e8Snf. .P\'felStg~k~~ LJlt ulw~ k~~ iratft.~ewk~n!:':lu\::lg~vi;?,i~~ in the City of Grand Island. Hall
<br />together with al'1 ~U11a~rgs,P lmprl':i~emeRt!5. lf~es, streets, alleys, passageways.
<br />ease~erts. rights, privileges ard appurterarces located thereDr or ir any way pertai1"irg
<br />thereto, ard the rerts, issues, profits, rever5iG~s ard the remairders thereof. ip.clud-
<br />irg all such persDnal property that is attached to the improvemerts so as to corstitute
<br />a fixture, all Df which, includirg replacemerts ard additiors thereto, are hereby de-
<br />clared to be a part of the real estate corveyed ir t.rust hereby, it bell"g ;:greed that
<br />all of the foregoirg shall be hereirafter referred to as the "PrDperty."
<br />
<br />FO~ THE PURPOSE OF SECURINC:
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<br />(a) the paymert of irdebtedress eviderced by Trustor's rote of ever date herewith
<br />ir the prircipal sum Df ONE HUNDRED FOUR THOUSAND EIGHT HUNDRED fIfTY AND NO/IOO
<br />($ 104,8'10.00 ). together with the balarce of such irdebtedress. if 1"ot. soorer
<br />paid, due ard payabl e or June] , .21llJ,,.; wi th irterest at the rate or rat.es
<br />provided thereif'l, alof'lg with the payment of all other sums, with i1"terest thereoT',
<br />advanced ir accordarce herewith to protect tl'e security of this Deed of Trust.
<br />together wi th the prircipal and interest or. ary future advarce as 8\1 id[,l'ced by
<br />promissory rates statirg they are secured hereby, ard ary and all renewals. modifi-
<br />catiDrs ard extersions of such notes, both principal ard irterest 01' the !'otes
<br />being payable ir accDrdarce with the terms set forth thereir, which by tl,ls refer-
<br />erce is hereby made a part hereof. TI,e hDlder hereDf shall have the optior to
<br />accelerate the maturity Df the rote for which tl,is mortgage is giver 8S security,
<br />at any time after the NA loar year after first givirg the urdersigred or
<br />the ther OWf'ler of the premises described hereir a wr itter rotice three morths
<br />ir advance of its irtent to do so. At 1'0 time shall the prircipal amDurt of the
<br />irdebtedf'leS5 secured by this Deed of Trust, r'Dt ircluding sums advanced ir accord-
<br />ance herewi th to prDtect u-e secur ity of the Deed of Trust, exceed tI'e Dr igira1
<br />amount Df the nDte plus $ 0.00
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<br />(b) the performance of each agreernel't ar'd c:.ovel"iJrt of Trustor hereir contained;
<br />and
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<br />(c) the payment Df ary sum or sums (If l11or'ey whicll may be hereafter paid or advaf'ced
<br />by Beneficiary under the terms Dflhis Deed of Trust, together with irterest thereon
<br />at the rate provided ir the rote.
<br />
<br />To protect the security of this Deed of lru~l. lrustof hereby CDvenants ~nd agrees
<br />,):J follows:
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