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<br />DEED OF TRUST
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<br />88- 103086
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<br />THIS DEED OF TRUST, made this _~_ day 01 __ __ June
<br />Alan L. Gruwell and Rebecca R. Gruwell, husband and wife
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<br />,19 88
<br />
<br />. between
<br />as Trustor.
<br />as Trustee.
<br />as Beneficiary:
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<br />Firs1ier Bank, National Association, Omaha, Nebraska
<br />Flrs1ier Bank, National Association. Omaha. Nebraska
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<br />WITNESSETH
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<br />That Trustor irrevocablv grams, translers and assigns to Trustee in trust. with power of sale. the following described
<br />property.
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<br />Lot One (1). Gruwell Subdivision, in Hall County, Nebraska.
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<br />10gether wllh all Interest which Trustor now has or may herea;ter aCQUI re In and to saId property and in and to: (a I all
<br />easements and nghts 01 way appurtenant thereto, ( b ) all tenements, hereditaments, bUildings. structures. improvements,
<br />hxtures, equipment, lurnishlngs and appurtenances now or hereafter placed thereon; (c I all leasehold estate. nghtlille,
<br />and Interest of Truslor in and 10 all leases or subleases Ihp.reol or any portion thereol now or hereafter existmg or entered
<br />Into, and all nght, title. and interest 01 Trustor thereunder, Including. wIthout limItation. all cash or security deposits. advance
<br />rentals. and deposits or payments of Similar nalure, and I d) all minerai, oil, gas nghts and profits, water, water nghts. and
<br />water stock, Trustor agrees to execute and delll/er, trom time to lime. such lurther Instruments as may be requested by
<br />Beneficiary In form and substance satisfactory to BenefiCiary to confirm the lien 01 this Deed of Trust on any of the
<br />aforementioned property The property so conI/eyed to Trustee hereunder IS hereinafter referred to as usuch property".
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<br />The Trustor absolutely and Irrevocably grants, lransters and assigns 10 Benehclary the rents, income, ISSUes. and profits
<br />01 all property covered by this Deed 01 Trusl
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<br />FOR THE PURPOSE OF SECURING
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<br />Paymenl 01 the pnnclpal sum of _ _. N~ne t:hou,;anr! (, VP hllnnrpr! Ami "nil 00----------------
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<br />.__._ _ .~:_-~:::.=..._:::=.::~.J$9.50Q.OO) Dollars-.:".-_=-:.-------
<br />eVidenced by the certain oromlssory note dated 01 el/en aate herewith (hereinafter reterred to as the "PromISSory Note,
<br />executed by __~!..a_~._.Gruwe~~na_nd Rebe::-.."."_ R~_~ruw~-'.:~.~ __hlJ~E>.!:nd_~n~~~f~____.~____
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<br />10 said amount and payable to the order 01 BenefiCiary matunng on __ .Tune 10, 1 '39]
<br />log ether With Interest thereon. lale charges, and prepayment bonuses according to the terms 01 the PromISSOry Nolo
<br />and all renewals, extenSions, and moc!lltcatJon!l thereot
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<br />2 Per1ormance. dIscharge 01 and compliance With el/ery obhgatlon, cOl/enant and agreement of Trustor Incorporated by
<br />relerence or contained herem or In any olhe' secunty agreement or deed 01 trusl at any tIme given to secure any
<br />mdebledness hereby secured. or any parl Ihereol
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<br />3 Payment ot all lees and charges 01 Benehclary or Trustee, whether or not set fOr1h herem
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<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR COVENANTS
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<br />TITLE' That II IS lawfully seIzed and possessed 01 a good and IndefeaSible title and estate 10 all 01 such property 10 fee
<br />Simple Iree Irom any prior hen or encumbrance, has good right and lawful authortty 10 convey the same, and Will lorever
<br />warrant and defend the title thereto against Ihe claims and demands 01 all persons whosoever: that it Will. at .ts ellpense,
<br />maintain and preserve the hen of thiS Deed ot Trust as a firsl and paramount lien upon such property
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<br />MAINTENANCE To keep such property In good condition and repair, to complele or reslore promptly and In good and
<br />""orkmanlike manner any building which may be conslructed, damaged or destroyed thereon and to pay. when due, all
<br />claimB tor labor performed and malerials furnished there lore and lor any alterations thereof; to comply wilh the proviSions
<br />of all Insurance policies covering said premises, to comply with all laws, ordinances, regulations, covenants, condItions
<br />and .estrlctlons affecting such property, not to remOl/e, demolish or matenally altm any bUilding. or the character or use
<br />thereol at any time thereon, not to drill or exlract nor 10 permit the drtlling for or extraction 01 011, gas or other hydrocarbon
<br />substances. waler or any minerai of any kInd unless the written consenl vf BenefiCiary IS had and obtained. not to commit or
<br />permit any wQsl8lhereof or any act upon sucn property In I/iolallon of taw; to do all other acts In a tImely and proper manner
<br />""hlch 'rom the character or use of such property may be reasonablY necessary to protecl and preserve saId security, the
<br />!lPflclfiC enumerations hemin not elCcluding tho general
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<br />CONSTRUCTION OF IMPROVEMENTS To c\)mplete '" good and workmanlike manner any building m ImprOl/emenl or
<br />r",palr relElllng therelo whIch may be begun on such property or contemplated I:'y the loan secured hereby, to pay when due
<br />all costs and liabilllies Incurred therefore. and nollo permit any mechaniC'S lien agalnSI such property Trustor Also agrees.
<br />anything .n thIS Deed 01 l'rust to the contrary notwllhstandlng. (B I to promptly commence work and 10 complete \hI>
<br />WOf)OSOO Improvemenl!l promptly, (l:I) to complete ssme In accordance Wlih plans and speclltclltlOns IlS opproved by
<br />acf'loflClllry, ( c .10 comply with all of Ihe terms 01 Bny bUIlding loan agrE'emenl belween T 'us'or and ~ne"cIAry the terms of
<br />...hlch Aro Incorr;orfitoo herll'" by reterence 10 the same extent as II tully !Ie-I forth herOin and made II par' 01 'hiS DeE'd 01
<br />Trusl. I d I to allow Benellclary to In!lpeCI such property at 011 times dUring CO~!lHUCllon Bnd, I' 11(1 ,,'pillet. /lny work (11
<br />'Tlalll'"lll. untnh<\'ar:lory to Bn'H3fleiary, Within ""een ( '5) dAY!! Alte. wntten nollee tram Brlnn"r Ill' ~ 01 ~ll( t, file! which
<br />"0''<.6 rnny iw f,)1'I'f.'l'" to 1 fus10r tJp' HJglgtorod Of certlflfHj mUll sent to hiS Insl t.:nowf' lld<1'09!\ Of b\' p""~''lnAl 'It'fVIC_') ('It ttHl
<br />~Hmo
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