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<br />DEED OF TRUIT
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<br />88- 106638
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<br />THIS DEEDOFTRUST, mldllhll...1.QJill.. dlY 01 No vember , 1..J!L. by Ind Imon.
<br />whol. mailing add,... I, ISI,..,)~~)t J IClty)
<br />(SIIII Ind Zle) NE 6$$32 (hlrlln "Trustor": Ind dank 01' Doni phan
<br />mlllln. Idd..el II (SI..III Box i3 (City) Doniphan tSIII..ndZle) NE: 68$32
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<br />)-D Investment, Inc.
<br />Doni ph an
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<br />whose
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<br />(Har.rn "Trull..uli and 1=1 ::m lr nf"
<br />(City) Doni than
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<br />nnn; ph::an
<br />NE 68832
<br />ISIIII Ind Zle)
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<br />. wholle mailing address Is (Slr..I)
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<br />Rnv Po
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<br />(hl..ln "Blnlflcllry"),
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<br />FOR VALUABLE CONSIDERATION,lncludln. Ihl Indlblednlllld.nllfled hl..11i .nd tho tr..t .....10 cr..led,l" '1Cllel 01 which Is hl'lby
<br />~~~O:~~~~i~~:~:.~~:\~~~:'~':':Odco::Jl~:: :r.t~f~~i:i:~=p:::.,"=~~ :~I:~~. benefnand secur.
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<br />Th. 1Ia.~ On. Third (S 1/)) of Lo~ Six (6), in Block SiX (6), of ~h. Orisinal
<br />Vill_le Dr Doniphan, Hall County, Nebraska, (Havin3 a Pront.age of 25 Feet on
<br />Plum Street. in said V111.age, and a deptb or 142 Feet)
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<br />~fL~~C~~~ ~rxa (gli~~ ~~~~y N~~ v~J 2{~) F~~t t~:S~ii~:e t~~ g~~ih h:~t "~rner
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<br />County, Nebraska, Running Thence North One Hundred Forty Two (~42) Feet,
<br />Thence West Twenty Five (25) Feet along the alleYJ Thence Sout.h One Hundred
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<br />t~~~~~ i~:2~~:e~~~:e~~: :~~~~~:y T:J~ ~~5 Lo~e=~. t;~~h( 6;~ace of:
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<br />The Bou~h Sl.xty F.e~ (60') of'Lots Five (5) and Six (6) in Block One (1)
<br />in Original Villag. of Donl.phan, N.bra.lta.
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<br />TOGETHER WITH. all ..IS, proll1.. royaltl..,lncom. and oth... benefit. d...lved from the real property; aU Ie... Of 8ubleasn covering the real
<br />property or any portton thereof, now or toereafter existing or entered Inlo, and all righi, tllle Bnd Interest of Trustor thereunder. aU Interests. estate or
<br />other Claims, botn In law and In equity, which Trustor now hlllll or may hereafler ecqulre In the real property; all easements, rights-of-way, tene-
<br />mllita, hereclltamentaand appurtenancBa Ihereol and Ihereto; aU 011 and gas rlgnls and proJlls. water flghls and .ater stock; all right, tlUe and
<br />Inleresl of Trustor, now owned or hsrsaftar acquired, In and to any land lying within the right-of-way of any street or highway adjoining the real
<br />property, any and all buildings, fixtures, Improvements, and appurtenances now or hereBfler erected thereoli or belonging therelo, (herein
<br />referred 10 alJ "Improvemenl" or Improvements''); and Bny and all aw.rdlJ made for the laking by eminent domain, or by any proceedIng or pur-
<br />chaNin lieu th.reof, of the whol. or any plrt of the real property.
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<br />All of Ih. foregoing Htsle, property and Inlerest hereby conveyed to Trustee herein collectively referred to as the "Property".
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<br />THISDEEDOFTRUSTSHALLSECURE: Three Hundred Fifty
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<br />(I) The payment of Indebtedness evidenced by Trustor'! note of even date herewith In the principle sum of 'T'hnll c::: ::Ionn
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<br />Dollars (S 350 ,000.00 " togsther wllh Interest at the rate or retes provided therein, (herein, together wllh any Bnd all
<br />renewals, modification.. and extenalons thereof, referred to as the "Note") both prlnclpalaRlI Interest on the Note being payable In accordance
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<br />::~~:a:':nr::If~~t~~~~~~:::;I:~eS~:':n~d='~~~ ~~;~~::b~~~e, t'ri~~tIJ~~~' of prlnclp&) and Interest, II not looner paId and II no
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<br />(b) Th. p...formance of each agraemenl and covenanl of Trustor herein contained; and
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<br />(c) The paym.nt of any sum Dr lums of money wllh Inlereltlhereon whIch may be herealler paid or advanCed under the terms of this Deed of
<br />Trust.
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<br />(II) Th. paym.nt of any fulure advances necessary to proteel the security or any future advance made althe option ollhe pal1les; and
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<br />(e) The performanco or an obligation of any oth... person named In thIs Trust Deed 10 a beneficiary.
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<br />TO PROTECTTHESECURITYOFTHIS DEED OF TRUST, TRUSTOR HEREBY COVENANTS AND AGREES AS FOLLOWS:
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<br />1. P.,mltllt of Prtnclpaland In....L Trustor shall promptly pay when due the principal of and Interest on lhe Indebtedness evidenced by the
<br />Note. and aU oltwcharges IInd f_1II provided In the Nole, and Ihe principal 01 and Internt on any Future Advances secured by this Deed of Trust
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<br />2. Warranty oITItIL Truslor 'a 'awfully seized snd pollessed of good and Indefe.slble Iltl. and estate to the Property hereby conveyed and has
<br />the right 10 gr.nt .nd convey th. Property; th. Property Is fr.. and cl..r of anllllns and encumbrances eXC3pt lIenl now of record; and Trustor
<br />will warrant.Ad defend the tllle to the Property against all clalmB and d.mandlJ.
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<br />3. ..1ntInance and Compliance wllh La... Trustor shall keep the Prop.rtv In !)ood condlllon and repair and Bhall nol commit waste or permit
<br />Impalrm.nt or d.lerIorallon of the Property and shall comply with the provision! of any lealle If this D&ed of Trust Is on a '.asehold. No Improve-
<br />ment. now or herafter .rected upon lh. Property shall ba alt.red, removed or demollahed without the p~or wrlUen cons.nt of Beneficiary. Truslor
<br />ehaUcomply w1lh all laws, ordlnaneel, regulations, covensnls, conditions end restrlcllons .,rectlng the Property and not commit. suffer, or per-
<br />mlt.ny act to be done In or upon th. Property In vlo1allon of any II., ordlnanc., regulation, covenant. condlllon or restriction. Trustor shIll com-
<br />plet. or restore promptly and In good workmanlike manner any Improvem.nt on the Property which may be damaged or destroyed and pay. whan
<br />due, ~II c.a1ml for labor performed and mat...lals 'urnlshed therelore and for any aUerallons thereat.
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<br />4.luUl'8ftC8, TrultDr, at lis expense, will maintain wIth Insuran approved by Beneficiary, Insuranee with respecllo Ihelmprovementa and per.
<br />sonal property. conlJtllullng the Propalty, Igalnlllon by rlre, lightning, tornado, and other perils and hazards covered by slandard exlended
<br />COYerage endorsement. In an amount equal 10 at least onl hundred percent of the full replacement value lhereof and Insurance agllnsl such
<br />ot_ hazards and In such amDuntlul1 cUllomarU)' carried by ownenl and OP"l'1I10nJ of similar properties or as BeneficIary mly require for Its
<br />protllClton. lfUltor will comply wllh auch other requlrementl al B.n.flclary may !rom time 10 time request for the protection by Insur.neeor Ihe
<br />Int....1I of lhe rnpectlve partl... All Insurance pollc1.. maintained pur.uant 10 thl. Deed of Trull shall name Truslor and Ben.flclary as In-
<br />sureds, as theIr rnp8Ctlvelnterelts may appear, and provide that there .hall bEl no cancell.Uon or modlflcaUon wlthoul any less than 15 days
<br />prior-wrltlllf1 notification 10 Trustee and Beneficiary. In th. event any pallcr he'e'Jnder Is not renewed on or before 15 dlYS prior to Us e.plration
<br />date. Truat.. or Benellclary may procure such Insurance In accordancl wllh ':'1e prowlllons of paragraph 7 hereof. Truslor shall d.n...... to
<br />BeMnclary lhe original pollel.. 01 Insurance and ren.wals th.reof or memo f'opl.. of such policies and renewals thereof. Fallur. to fUrnish
<br />auch Inluranceby Trustor, or renewals as required h.reund.r Shill, al thl opllon 01 Benellclary, consmut. a default.
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<br />S. ,.................... and ChargN.. Trustor shan pay an taxea, aSselJSmBnts and other chargel, Including. without IImltallon, flnel and 1m-
<br />poaIlkmSaltrlbuteielolhe Property, and leasehold payments Dr ground renls, If any. before the ..me become dellquent. Truslorshan promptly
<br />......1111 to Banel1clary aU notlcn of amounts due under this paragraph, and In the evenl Trustor shall make payment dlrecUy. Trustor shall prompt-
<br />ly furnish to Benetlclary recelpls evidencing such payments. Trustor .hall pay all tues end aSSBssmen's which may be levied upon
<br />8eneftclary'slnlernt herein or upon this Deed of Trust without regard to anv law tht may be enacted Imposing payment of the whole or any
<br />part thereof upon tM Beneficl.,.,.
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