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<br />88- 107066
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<br />DEED DF TRUST
<br />L,T.I\!.SIlE.I'Dpl'.~'W.madalhl. 27 doyolDecember ,19..B!L_byondomongJames C. Wenc:tU Marv Sue Wendt
<br />.JJiIlIWif.II.'lllni d3dr.V. I. 2417 Arrowhead Road Grand Island. NE 68801
<br />(ht<tln ''TMlor'''' one! Bank of Wood River ,who.. I1llIlIlng oddress I. p, O. BOX 487 Wood Ri ver,NE
<br />68818, (herein ''Trult"''..... ""entIh:/ary"l. 68883
<br />fOR VAlUABLE CONSIDERA' ;"~l "'-luding the Ind.bltdne.. Indentil1ed herein and the trust herein cre.ttd. Ihe recelpl of which Is hereby
<br />ocknowltdgtd, Tru.'or Irr..o:oi.~', granll, Ironslerl. conv.y.. and osslgns 10 Trustee, IN TRUST, WITH POWER Of SALE, lor .he benent and
<br />s.....lty of Ben.llclary. ~ and sublect to the terml and conditions ollhls Detd of Trust, the reol property described ol'OIlOWI,
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<br />Lot 6 in Block 2 in the replat of Riverside Acres an addition to
<br />City of Grand Island. Hall County, Nebraska,
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<br />TOGETHER WITH, 011 rents, profl's, royalties. income and other benefits derived from .he real property, 011 leases or subleases covering the
<br />reol property or any portion thereof. now or hereolter exlsllng or entered inlo, and 011 right. .ille and interest of Trustor .hereunder, all in-
<br />leresis, eslole or olher claims, bolh in low and in equity, which Trustor now has or may hereolter acquire In Ihe real property, 011 eosemenls,
<br />rlghls-of-woy, 'enemenls, hereditaments and appurtenances thereof and Iherelo, 011 oil and gas rights and profits, woler righ's and wo.er
<br />slack, 011 righi, title and interest of Trustor, now owned Dr hereolrer acquired, In and to any lond, lying wilhin the rlght-ol-woy of any street or
<br />highway adjoining .he real properly, ony and 011 buildings, IIxlures, improvements. and oppurlenonces now or hereolter erected thereon or
<br />belonging Iherelo, (herein referred 10 os "Improvement" or "Improvemenls"), and any and all awards mode for 'he taking by eminenl domain
<br />Dr by any proceeding Dr purchase In lieu Ihereof, of Ihe whole Dr any port of the real property,
<br />All of the foregoing eslote, property and Inlerest hereby conveyed 10 Truslee herein collectively referred to os Ihe "Properly".
<br />THIS DEED OF TRUST SHALt SECURE.
<br />(0) The payment of Indebledness evidenced by Truslor's note of even dole herewilh in Ihe principal sum of Fnrt,y- Fi Vp ,
<br />ThOlls~nrl Dollars (S4~ ,nnn ),
<br />.ogether with Interesl at .he role or rotes provided therein, (herein, logelher with any and all renewols, modillcolions. and extensions thereof,
<br />referred '0 os the "Note") both prlnclpol and interesl on the No'e being payable in accordance with the terms sel forlh therein, reference to
<br />which Is hereby mod'e, the final payment of principal and inlerest, if nol sooner paid and if no renewals, modifications or exlensions ore mode,
<br />due and poyoble .n Seotember 25, 1993 .
<br />lb) The perlormonce of each ogroemenl and covenont of Trustor herein contained, and
<br />(c, Tho poymenl of any sum or surns of money with inlerost thereo. which may be hereofter paid or odvonced under the terms of .his Deed of
<br />Trusl.
<br />(dl The paymenl of any fulure advances necessary 10 protecllhe securi.y or any fulure advance mode at the option of the parties, and
<br />(e) Tho performonco of on obligation of ony other person named In Ihis Trust Deed to 0 beneficiary.
<br />TO PROTECT THE SECURITY OFTHIS DEED OFTRUST, TRUSTOR HEREBY COVENANTS AND AGREES AS fOLLOWS,
<br />,. hym..t af Prlnclpal and In'orll'. TrustOf sholl promptly poy when due Ihe principal of and interest on Ihe indebtedness evidenced by the
<br />Nole. and oil olher charges and fees os provided in the Note. o.d the principal of and inlerest on any fu'ure Advances secured by Ihis Deed of
<br />Trusl.
<br />2. Wa"",,', 01 Till., Truslor Is lawfully seiled and possessed of good and Indefeasible title and estote 10 the Property hereby conveyed and
<br />has 'he rlghl 10 gronl and convey the Properly, the Property is free and clear of 011 liens and encumbrances except liens now of record, ond
<br />Trustor will worronl and defend Ihe lilie to .he Properly ogolnst au claims and demands.
<br />3. Mal.,...... and CompRance wllh taw., Truslor sholl keep the Properly In good condition and repair and sholl nol commit wosle or permit
<br />impairment or deterioration of the Property and sholl comply with Ihe provisions of any lease if this Deed of Trust is on 0 leasehold. No Improve-
<br />monl now or hereolter orecled upon the Properly sholl be ollored, removed Dr demolished withoul Ihe prior written consent of Beneficiary.
<br />Trustor sholl comply wilh 011 lows, ordinances, regulations, covenants, conditions and reslricllons oHecting the Property and nDf commil, suffer,
<br />or permit any ocl to be done In or upon Ihe Prope'ty In violation of any low, ordlnonce, regulation, covenonl, condition Dr restriction. TruslDr
<br />sholl complele or restoro promptly and in good workmonllke manner any Improveme.t on .he Property which may be damaged or destroyed and
<br />pay, when due, 011 claims for labor performed and materials furnished Ih..efore and for any alterations .hereof.
<br />4. ".-c.. Trustor, ot lis expenso, will maintain wilh insuron approved by Beneficiary. Insurance with respect to Ihe Improvemenls and
<br />personal proper I, ' conslllUling lhe Properly. against loss by fire. IIghlnlng, .omodo, and olher perils and hOlords covered by slondord extended
<br />coverage endorsemonl, in on amounl equol'o 01 least one hundred percent of Ihe full replocemenf value IhereDf ond insuronce ogDinsl such
<br />olher Imords and In such amounh os is cUltomarily corrled by ownen and operolors of simulor properties Dr OS Beneficiary may require for Its
<br />prolettio.. Trus'or will comply with such other requirements os Beneficiary may from lime to time request for the prolection by Insuronce of the
<br />inlotesls of lhe respecllve porties. All insuronce policies maintained pursuonl 10 Ihis Deed of Trusl sholl nome Trustor and Benellclory os in.
<br />surtds. os their respective Inlerests may appear. and provide lhollh..e sholl be no contellotiDn or modification without no less than IS days
<br />prior written notmtollon 10 Beneficiary. In lhe evenl any policy hereunder Is not renewed on Dr belore 1 S days prior 10 its e.pirolion dole,
<br />IIonolitlory may I""o<uro such insuronce In occOfdonce wllh lhe provisions of poro~roph 7 hereDI. Trustor sholl deliver I. Beneficiary Ih. original
<br />polidn 0' InsurunCl and r.newols ihereor or memo copies of such polieil! ond renewals thereof. Failure to furnish such insurance by truslor. or
<br />,........s .. requirtd heroundfi sholl, 01 the option 01 Bonolltiory. constilulo 0 dofaull,
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