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W ITNESSM'li:
<br />That Trustor irrevocably grants, transfers and arraigns LeTructee intrust, whir power of male, the following described property:
<br />S47' of N92' of Lot 1 & S47' of N92' of- E20' of Lot 2,
<br />Block 6, in the Town of Doniphan, Ha.11,County, Nebraska.
<br />together with all interest which Trustor now has :nr may hereafter acquire in and to said property and in and to: (a) all ease-
<br />ments and rights of way appurtenant thereto; (b; all tonemoata, hereditaments, buildings, structures, improvements, fixtures,
<br />equipment, furnishings and appurteeancee now or hereafter placed thereon; (c) all leasehold estate, right, title, andintereetof
<br />Trustor in a-rid to all leases or subleases thereof or any portion thereof now or hereafter existing or entered into, and all right,
<br />title, and interest of Trustor thereunder, including, without limitation, all cash or security deposits. advance rentals, and de-
<br />posits or payments of similar nature, and (d) all [mineral, oil, gas rights, and profits, water, yvater rights, and water stock.
<br />Trustor agrees to execute and deliver, .from time to time, such further instruments as maybe requested by Beneficiary in form
<br />and substance satisfactory to Beneficiary to confirm the lien of this' Deed of Trust on any of the•etforementioned property. The
<br />property ho conveyed W Trustee horeunder is hereinafter referred to as "'such property "..
<br />The Trustor absolutely and irevocably grants, transfers and aeeigna to Beneficiary the rents, income, issues, and profits of
<br />all property covered by this Deed of Trust.
<br />FOR THE 'PURPOSE OF SECURING:
<br />1. Payrner.t of the principal sum of Seven Thousand Dollars ($7,000,00)
<br />evidenced by the certain promisolory note dated of even date herewith (hereinafter referred to as the "Promissory Note")
<br />issued by navi d T1it=._ .;
<br />in said amount and payvble to the order of Beneficiary maturing on Mav 31, 1993
<br />together with interest thereon, late charges, and prepayment bonuses according to the terms of the Promissory Note and all
<br />renewals, extensions, and modifications thereof.
<br />2. Performance, discharge of and compliance with every obligation„ covenant and agreement of Trustor incorporated by ref.
<br />ercnce or contained herein Orin other security Agreement or deed of trust at any time given to secure any indebtedness
<br />herat,y secured, or any part therrPA.
<br />3. Payment of all fees and charges of Beneficiary or Trustee, whether or not set forth herein.'
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, THUSTOR COVENANTS:
<br />TITLF,,; `chat it is lawfully seized) and posseeeeel ot'a good and indefeasible title and estate !o all of such property in fee simple
<br />free from any prior lien or encutrib�rance, hits good right errd lawful auithority to conviey thetrrme, and will forever warrant and
<br />defend the title thereto against the claims and demands of all persons whosoever, that it will, et its expense, maintain and pre.
<br />K�rvo the lien of this Deed of Trualt as a first and paramiount'lien upon ouch property.
<br />MAINTENANCE: To keep such proparty in good condition and repair, -to complete or reutQre promptly and in good and
<br />workmanlike manner any building; which may be constructed, damaged or destroyed thereon and to pay, when due, all claims
<br />for labor performed and materials furnished therefor and for any ait.ernat;ons thereof; to crmply with the provisions of all
<br />insurance policies covering said prermiseo, to comely wil h all laws,ordinancas, regulationes, covenants, conditions and reotrir
<br />tions affecting such property; not 1.0 remove, demolish or materially alter Any building, or the character or use thereof at any
<br />time thereon; not. to drill or extract rior to permit the drilling furor extraction of oll, gas or other hydrocarbon substances, water,
<br />or r.ny mineral of any kind unless the written consent of Beneficia y ;u had and obtained; not to comr,nit or permit Any wa,rtt,
<br />thr.reof or any act upon such property in violation of law; to do all other acts in a timely and proper manner Which from thu
<br />character or time of sttr.h property may bare": onably necessary to protect and preserve said cectrlity, the specificenumerationr
<br />herein not excluding the general.
<br />CONSTRUcrioGi '..)b IMPROVEMENTS: To complete in good anti workmanlike manner any building or improvement or
<br />repair relating thereto which may be begun on such property or contemplated by the loan ou -cured hereby, to pap when duo. all
<br />costs and liabilities incurrou !herel'or, and not to permit any mechanic's lien against much property. Trustor also agrees, Soy•
<br />thing in this Deer4 `rf Trust to the contrary notwithstanding; (a) to promptly commence work and to complete the proposed im-
<br />proverrr—ito pru mpte.y, (b) to complete carne in accordance with plans and ipecificationm As approvf d by Beneficiary, (c) to cram-
<br />ply wi:l nli of t'rie terme of any building loan r grrement bets -en Trustor and Beneficiary, the terms of which are incorpornted
<br />herein 1,,. vv frrtnre to the same extent as if fully set forth 1, � � in and made a part of this Deed of Trust, (d) to allow Beneficiary
<br />to inspc• _t such property at all timed during constructiot,, and (e) to replace any work or materieJa :insatiefectory to Rene -
<br />fic,cry, ,within fifteen (15) days after written notice from Beneficiary of such fact, which notice maybe given toTntstor by reg-
<br />istrred or certified mail, sent to his last known addrets, or by personal service of the same.
<br />ti
<br />DEED OF
<br />TRUST
<br />8$�,. J�.i��Fi13
<br />THIS DEED OF TRUST. male thin �Vr day of
<br />May
<br />. 19 88 . between
<br />David Luton, a single
<br />person,
<br />as Trustor.
<br />.7ezome A. Merwald
<br />as ghV4PWr, and
<br />Kenneth A. Hiller and
<br />Inez I. E.1- sasser
<br />as Beneficiary:
<br />'
<br />W ITNESSM'li:
<br />That Trustor irrevocably grants, transfers and arraigns LeTructee intrust, whir power of male, the following described property:
<br />S47' of N92' of Lot 1 & S47' of N92' of- E20' of Lot 2,
<br />Block 6, in the Town of Doniphan, Ha.11,County, Nebraska.
<br />together with all interest which Trustor now has :nr may hereafter acquire in and to said property and in and to: (a) all ease-
<br />ments and rights of way appurtenant thereto; (b; all tonemoata, hereditaments, buildings, structures, improvements, fixtures,
<br />equipment, furnishings and appurteeancee now or hereafter placed thereon; (c) all leasehold estate, right, title, andintereetof
<br />Trustor in a-rid to all leases or subleases thereof or any portion thereof now or hereafter existing or entered into, and all right,
<br />title, and interest of Trustor thereunder, including, without limitation, all cash or security deposits. advance rentals, and de-
<br />posits or payments of similar nature, and (d) all [mineral, oil, gas rights, and profits, water, yvater rights, and water stock.
<br />Trustor agrees to execute and deliver, .from time to time, such further instruments as maybe requested by Beneficiary in form
<br />and substance satisfactory to Beneficiary to confirm the lien of this' Deed of Trust on any of the•etforementioned property. The
<br />property ho conveyed W Trustee horeunder is hereinafter referred to as "'such property "..
<br />The Trustor absolutely and irevocably grants, transfers and aeeigna to Beneficiary the rents, income, issues, and profits of
<br />all property covered by this Deed of Trust.
<br />FOR THE 'PURPOSE OF SECURING:
<br />1. Payrner.t of the principal sum of Seven Thousand Dollars ($7,000,00)
<br />evidenced by the certain promisolory note dated of even date herewith (hereinafter referred to as the "Promissory Note")
<br />issued by navi d T1it=._ .;
<br />in said amount and payvble to the order of Beneficiary maturing on Mav 31, 1993
<br />together with interest thereon, late charges, and prepayment bonuses according to the terms of the Promissory Note and all
<br />renewals, extensions, and modifications thereof.
<br />2. Performance, discharge of and compliance with every obligation„ covenant and agreement of Trustor incorporated by ref.
<br />ercnce or contained herein Orin other security Agreement or deed of trust at any time given to secure any indebtedness
<br />herat,y secured, or any part therrPA.
<br />3. Payment of all fees and charges of Beneficiary or Trustee, whether or not set forth herein.'
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, THUSTOR COVENANTS:
<br />TITLF,,; `chat it is lawfully seized) and posseeeeel ot'a good and indefeasible title and estate !o all of such property in fee simple
<br />free from any prior lien or encutrib�rance, hits good right errd lawful auithority to conviey thetrrme, and will forever warrant and
<br />defend the title thereto against the claims and demands of all persons whosoever, that it will, et its expense, maintain and pre.
<br />K�rvo the lien of this Deed of Trualt as a first and paramiount'lien upon ouch property.
<br />MAINTENANCE: To keep such proparty in good condition and repair, -to complete or reutQre promptly and in good and
<br />workmanlike manner any building; which may be constructed, damaged or destroyed thereon and to pay, when due, all claims
<br />for labor performed and materials furnished therefor and for any ait.ernat;ons thereof; to crmply with the provisions of all
<br />insurance policies covering said prermiseo, to comely wil h all laws,ordinancas, regulationes, covenants, conditions and reotrir
<br />tions affecting such property; not 1.0 remove, demolish or materially alter Any building, or the character or use thereof at any
<br />time thereon; not. to drill or extract rior to permit the drilling furor extraction of oll, gas or other hydrocarbon substances, water,
<br />or r.ny mineral of any kind unless the written consent of Beneficia y ;u had and obtained; not to comr,nit or permit Any wa,rtt,
<br />thr.reof or any act upon such property in violation of law; to do all other acts in a timely and proper manner Which from thu
<br />character or time of sttr.h property may bare": onably necessary to protect and preserve said cectrlity, the specificenumerationr
<br />herein not excluding the general.
<br />CONSTRUcrioGi '..)b IMPROVEMENTS: To complete in good anti workmanlike manner any building or improvement or
<br />repair relating thereto which may be begun on such property or contemplated by the loan ou -cured hereby, to pap when duo. all
<br />costs and liabilities incurrou !herel'or, and not to permit any mechanic's lien against much property. Trustor also agrees, Soy•
<br />thing in this Deer4 `rf Trust to the contrary notwithstanding; (a) to promptly commence work and to complete the proposed im-
<br />proverrr—ito pru mpte.y, (b) to complete carne in accordance with plans and ipecificationm As approvf d by Beneficiary, (c) to cram-
<br />ply wi:l nli of t'rie terme of any building loan r grrement bets -en Trustor and Beneficiary, the terms of which are incorpornted
<br />herein 1,,. vv frrtnre to the same extent as if fully set forth 1, � � in and made a part of this Deed of Trust, (d) to allow Beneficiary
<br />to inspc• _t such property at all timed during constructiot,, and (e) to replace any work or materieJa :insatiefectory to Rene -
<br />fic,cry, ,within fifteen (15) days after written notice from Beneficiary of such fact, which notice maybe given toTntstor by reg-
<br />istrred or certified mail, sent to his last known addrets, or by personal service of the same.
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