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NEBRASKA a7-- 101513
<br />DEED OF TRUST
<br />THIS DEED OF TRUST, is made as of the v�26 day of 3" � 1987, by and
<br />among James P. Masat and Carolyn A,�aor'), whose mailing address is 803
<br />East Phoenix Avenue, Grand Island, ,e i c 0 W, t t T'LE
<br />("Itustee "), whose mailing address is 106 West 11th Street Suite 1 -0 Kansas City
<br />Missouri 64105 and Richard S. Cavenee een venee, icia e
<br />mailing address is Post Office Box 5, Grand Island, Nebraska 68802.
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and assigns
<br />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
<br />real property, located in the City of Grand Island, County of Hall, State of
<br />Nebraska, and described as follows (the '`Property "):
<br />Lot One (1), Ryder Park Subdivision, in the
<br />City of Grand Island, Hall County, Nebraska
<br />TOGETHER WITH, all rents, easements, appurtenances, hereditaments, interests in
<br />adjoining roads, streets and alleys, improvements and buildings of any kind situated:
<br />thereon and all personal property that may be or hereafter become an integral part of
<br />such buildings and improvements.
<br />The Property and the entire estate and interest conveyed to the Trustee are
<br />referred to collectively as the "rrust Estate."
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness in the total principal amount of $67,000.00, with
<br />interest thereon, as evidenced by that certain promissory note of even date (the
<br />"Note ") with a maturity date of May 1, 1997, executed by Trustor, which has been
<br />delivered and is payable to the order of Beneficiary, and which by this reference is
<br />hereby made a part hereof, and any and all modifications, extensions and renewals
<br />thereof, and
<br />b. Payment of all sums advanced by Beneficiary to protect the Trust Estate,
<br />with interest thereon at the highest legal rate in the State of Nebraska.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or
<br />further secure the payment and performance of any obligation secured hereby are
<br />referred to collectively as the 'loan Instrummmts."
<br />TO PROTECT THE SECAiRITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of, and
<br />the interest on, t le ss evidenced by the Plate, charges, fees, and all other
<br />sums as provided in the Loan Instruments.
<br />2. TAXES. Trustor shall pay each installment of all taxes and special
<br />assessments every kind, now or hereafter levied against the Trust Estate or any
<br />part thereof, before delinquency, without notice or demand, and shall provide
<br />Beneficiary with evidence of the payment of same. Trustor shall pay all taxes and
<br />assessments which may be levied upon Beneficiary's interest herein or upon this Deed
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