|
<br />88- 104656
<br />
<br />DEED OF TRUST
<br />
<br />This Deed of Trust is made this ~ day of Auqust ,19~, by and among
<br />ERNEST J. THAYER AND JANICE M. THAYER. husband and "Ii ff!
<br />hereinafter referred to as Trustor, whose mailing addre9s is lanA hlnnrtlRnrt nri\Jp. r.T'~mrt
<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 6BB02: 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. O. Box 1009, Grand Island, Nebraska
<br />6BB02.
<br />For valuable co",sideration, Trustor irrevocably grants, transfers, conveys and
<br />assigns to Trustee, in trust, with power of sale, for the benefit and security of Bene-
<br />ficiary, under and subject to the terms and conditions of this Deed of Trust. the fol-
<br />lowing described property, located in HALL County, Nebraska. to-wit:
<br />
<br />See Attached Exhibit "A"
<br />
<br />together with all bulldir.gs, improvemsf"1ts, fixtures, streets, alleys, passageways,
<br />easemerts, rights, privileges and appurtenarces located thereon or lp ary way pertaining
<br />thereto, and the re~tSt issues, profits. reversiors Brd the remairders thereof, includ-
<br />irg all such personal property that 15 attacherl to the improvernerts 50 as to constitute
<br />a fi~ture. all of which, ir"'cludirg replaceme~t5 .:J~d additiur'ls thereto, are hereby de-
<br />clared to be a part of thR Teal 8state co~veyed ir'l trust hereby, 1 t bei~g agreed that
<br />all of the foregoing shall be herei~after referred to as the nproperty."
<br />
<br />FOR THE PURPDSE OF SECURI NG:
<br />
<br />(a) the paymert of indebtedr'l8SS eviderced by Trustor I s note of even date herewith
<br />in. the principal sum of SIX HUNDRED FIFTY THOUSAND AND ND/IoD----------------------
<br />($ 650,000.00 ), together with the balan.ce of such indebtedness, if n.ot sooner
<br />paid, due an.d payable on. December 1 , 2013; with interest at the rate or rates
<br />provided thereir. alor,g wi th the paymert """"O'fall other sums. with interest thereon,
<br />advanced iF"' accordance herewith to protect the security of this Deed of Trust,
<br />together with the principal and interest on. any future advance as evidenced by
<br />promissory F"'otes stating they are secured hereby, and any and all renewals, modifi-
<br />cations and extensiors of such rates, boLh principal and interest on the notes
<br />being payable in accordance with the terms set forth therein, which by this refer-
<br />ence is hereby made a part hereof. ~XItIlXIlIlIf.X~;ex,:()O!I'XlOOlO(li(j((l(II(X:CXOOX~Xk(l(
<br />~XKOIII(XICilU"'X;U.JJlXXilXlttlll(lIIXlXcra;XItIlIf.XI!Il<l1lt~ltX1iOO(ll~)OO(lt}ilOOIX~~J(k~~
<br />iX!AXll~XlOOfll!l(X<<ltj(ll(If.Xltll'eXXXXXXXXXXXUlOO(l\IllOO<XllltkIlIf.XltllJt:jt(J(~~X:tXileX~X(l(1(
<br />fIOO(X:cxoox,xlOOlJOO(XklIXXflOO(X~~~ X lOOtW<<)r."l(XXJt:tJtlt:OO< lCiXIXldOX6lX:tX\'tXl(!()l)l(OO)(1i!XlI:
<br />~Xlllll~IIXli\IXlIlI!l;X~XMXIiIIIXlIli\;( At n.o time shall the principal amount of the
<br />indebtedness secured by this Deed of Trust, not including sums advanced in accord-
<br />aF"'ce herewith to protect ttesecurity of the Deed of Trust, exceed the original
<br />amount of the note plus $ 0.00
<br />
<br />(b) the performance of each agreement ard covenant of Trustor hereir cor'tained;
<br />and
<br />
<br />(c) the payment of any sum ar sums of morey which may be hereafter paid or advanced
<br />by Beneficiary under the terms of this Deed of Trust, together witl1 interest thereon.
<br />at the rate provided in the note.
<br />
<br />To protect the 5ecurity of this Deed of lru~.t I Tru"',toI IfurelJY (Lll'Hr'<lr't~l .wd aqrf'e~
<br />as follows:
<br />
|