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<br />DEED OF TRUST
<br />
<br />8B- 104026
<br />
<br />THIS DEED OF TRUST, made this ---2ill:.h... day of
<br />Beverly~. White, a single person
<br />
<br />FirsTier Bank, National Association, Omaha, Nebraska
<br />
<br />FlrsTier Bank. National Association, Omaha. Nebraska
<br />
<br />July
<br />
<br />,19~,between
<br />as Trustor,
<br />as Trustee,
<br />as Beneficiary:
<br />
<br />WITNESSETH:
<br />
<br />That Trustor irrevocably grants, transfers and assigns to Trustee in trust, with power of sale, the following described
<br />property:
<br />
<br />Lot One (1), in Busboom Subdivision in the City of Grand Island,
<br />Hall County, Nebraska.
<br />
<br />together with all interest which Trustor now has or may hereafter acquire in and to said property and in and to: (a) all
<br />easements and rights 01 way appurtenant Ihereto; (b) all tenements, hereditaments, buildings. structures. Improvements.
<br />fixtures, equipment, furnishings and appurtenances now or hereafter placed thereon; (c) all leasehold estate, right tiUe,
<br />and Interest of Trustor in and to all leases or subleases thereof or any portion thereof now or hereafter existing or entered
<br />Into, and all right, title, and Interest of Trustor thereunder, including, without limitation, all cash or security deposits, advance
<br />rentals, and deposits or payments of similar nature, and ( d ) all minerai, oil, gas rights and profits. water, water rights, and
<br />water stock. Trustor agrees to 13xecute and deliver, from time to time, such further Instruments as may be requested by
<br />Beneficiary In form and substance satisfactory to Beneficiary to conlirm the lien of this Deed 01 Trust on any of the
<br />aforemenlioned property. The property so conveyed to Trustee hereunder is hereinafter referred to as "such property".
<br />
<br />The Trustor absolutely and irrevocably grants, transfers and assigns to Beneficiary the rents. income. Issues, and profits
<br />of all property covered by thla Deed of Trust.
<br />
<br />FOR THE PURPOSE OF SECURING:
<br />
<br />1. Payment of the principal sum of Thirty four thousand and no/lOO---------------
<br />-------------------($34,000.00) Dollars--------------------
<br />evidenced by the certain promissory note dated of even date herewith (hereinafter referred to as the "Promissory Note'1
<br />executed by Beverly J. White
<br />
<br />In said amount and payable to the order 01 Beneficiary maturing on Jul v 20. 1993 ,
<br />together with intoreat thereon, late charges. and prepayment bonuses according to the terms of the Promissory Note
<br />and all renewals. extensions, and modificalions thereof.
<br />
<br />2. Performance. discharge of and compliance with every obligalion. covenanl and agreement of Truslor incorporated by
<br />reference or contained herein or In any other security agreement or deed of trust at any time given 10 secure any
<br />indebtedness hereby secured, or any part thereof.
<br />
<br />3. Payment of aU fees and charges of Beneficiary or Trustee, whether or not set forth herein.
<br />
<br />TO PROTECT THE SECURITY OF THIS OEED OF TRUST, TRUSTOR COVENANTS:
<br />
<br />TITLE: That it is lawlully seized and possessed of a good and indefeasible tille and estate to all of such property in fee
<br />simple Iree from any prior lien or encumbrance, has good right and lawful authority to convey the same, and will forever
<br />warrant and defend the Iitle thereto against the claims and demands of all persons whosoever; that it will, at its expense,
<br />maintain and preserve the lien of this Deed of Trust as'a first and paramounllien upon such property.
<br />
<br />MAINTENANCE: To keep such property in good condition and repair; to complete or restore promplly and in good and
<br />workmanlike manner any building which may be constructed, damaged or destroyed thereon and to pay, when due. all
<br />claimllor labor performed and materials furnished therefore and for any alterations thereof; to comply with the provisions
<br />of alllnliurance policies covering said premises, to comply with all laws, ordinances, regulations, covenants. conditions
<br />and reltrlctions affecting such property; not to remove, demolish or materially alter any building, or the character or use
<br />thereof at any time thereon; not to drill or extract nor to permit the drilling lor or extraction of all, gas or other hydrocarbon
<br />lubstances. water or any mineral of any kind unless the written consant 01 Beneficiary is had and obtained; notto commit or
<br />permit any wa8lethereof or any act upon such property in violation of law; to do all other acts in a timely and proper manner
<br />which from the cheracter or use at such property may be reasonably necessary to protect and preserve said security, the
<br />speCific enumerations herein not excluding Ihe general.
<br />
<br />CONSTRUCTION OF IMPROVEMENTS: To complete in good and workmanlike manner any building or improvement or
<br />repair rlllating thereto which may be begun on such property or contemplated by the loan secured hereby, 10 pay when due
<br />all cOltl and lIabll1tl8tl incurred therefore, and not 10 permil any mechanic's lien against such property. Trustor also agrees,
<br />anything In Ihll Deed of Trust to the contrary notwilhs!andlng; (a) 10 promptly commence work and to complete the
<br />proposed Improvements promptly, (b) to complete same in accordance with plans and specificallons as approved by
<br />BeneflclN)'. (c )to comply with all of the terms of any building loan agreement between Trustor and Beneficiary. the terms of
<br />which at. incorporated herein by reference to the same extenl as ilfully set forth herein and made a part oflhis Deed of
<br />TrUlt, (d) tl) allow Beneficiary 10 Inlpectluch property at all limes during construction, and (e) to replace any work or
<br />materials unsallsfactory to Beneficiary, wilhln Ilheen ( 15) days Elller written notice from Beneficiary of such facl, which
<br />notice may be given to Trustor by registered or certilled mall. sent to hislllst known addross, or by personal SOrvlCO of lho
<br />same,
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