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This Drd f Yrumt is
<br />Julie
<br />reins ter referred to as
<br />DIED OF TRUST
<br />(open Wtd Multipla Note)
<br />of
<br />at
<br />"Trustee," whose mailing address is '
<br />and THE OVERLAND NATIONAL. BANK OF GRAND ISLAND, hereinafter referred to an
<br />address is P. 0. Box 1688, Grand Island, Nebraska 68802.
<br />CMTSt h
<br />For valuable consideration, Trustor irrevocably grants, transfers, conveys and assigns to Trustee,
<br />in trust, with power of sale, for the benefit and security of Beneficiary, under and subject to the
<br />terms and conditions of this Dead of Trust, the following- described property, located in Hall
<br />County, Nebraska, to -wit ; -
<br />Lot Eleven (11) in Block One (1) in Brentwoc4 3,gg9ftd
<br />Subdivision, City of Grand Island, Hall County, Nebyaska.
<br />together with all buildings, Improvements, fixtures, streets, alleys, passageways, easements, rights,
<br />privileges and appurtenances located thereon or in any way pertaining thereto, and the rents, issues,
<br />profits, reversions and the remainders thereof, including all such personal property that is attached
<br />to the improvements so as to constitute a fixture, all of which, including replacements and additions
<br />thereto, are hereby declared to be a part of the real estate conveyed in trust hereby, it being agreed
<br />that all of the foregoing shall be hereinafter referred to as the "Property."
<br />FOR THE PURPOSE OF SECURING:
<br />(a) the payment of personal indebtedness owing from Trustor to Beneficiary, as
<br />evidenced by Promissory Notes of various dates in the total present principal amount of
<br />_ ($ )G
<br />(b) the payment of Interest at the rate or rates provided in the afore- described notes and
<br />the payment of both principal and interest on any and all renewals, modifications and extensions
<br />of such notes;
<br />(c) the payment of principal and interest on any future advance as may be evidenced by
<br />promissory notes stating they are secured by this Deed of Trust; provided, however, that the
<br />total principal indebtedness, not includingg sums advanced to protect the security or interest
<br />accrued, shall not exceed the mum of Fi teen Thousand & No /100- - - -(s 15,000.00 );
<br />(d) the performance of each agreement and covenant of Trustor herein contained; and
<br />(e) the payment of any sum or suss of money which may be hereafter paid or advanced by
<br />Beneficiary under the terms of this Deed of Trust, together with interest at the highest
<br />rate provided in the notes secured hereby.
<br />To protect the security of this Deed of Trust. Trustor hereby covenants and agrees as follows:
<br />1. Payment of Indebtedness. To pay when due, thi principal of, and the interest on, the in-
<br />debtedness evidenced by the note, charges, face and a.l other sums an provided in the loan instru-
<br />ments.
<br />2. Title. Truster is the owner of the property and lien the right and authority to execute
<br />this Dead of Trust in respect to the property.
<br />3. Taxes and Assessments. To pay, when due, all taxes, special assessments and all other
<br />charges against the property, before the same become delinquent, and, in the event Beneficiary
<br />shall so require, to add to the payments required under the note secured hereby, such amount as
<br />y be sufficient to enable Beneficiary to pay such taxes, assessments or other charges an they
<br />become die.
<br />6. Insurance. To keep the improvements now or hereafter located on the real estate
<br />described herein insured against damage by fire and such other hazards as Beneficiary may require,
<br />in amounts and companies acceptable to Beneficiary, and with loss payable to Beneficiary. In case
<br />of loss under such policies, Beneficiary is authorized to adjust, collect and compromise, in its
<br />discretion, all claims thereunder and, at its sole option, is authorized to either apply the pro -
<br />ceeds to the restoration of the property or upon the indebtedness secured hereby, but payments
<br />required by the note Mail continue until the sums secured hereby are paid in full.
<br />5. kepair, Maintenance and Use. To promptly repair, restore or rebuild any buildings or
<br />improvements now or hereafter on the property; to keep the property in good condition and repair,
<br />without waste and free from mechanics or other liens not expressly subordinated to the lien hereof;
<br />to not make, suffer or permit any nuisance to exist nor to diminish or impair the value of the
<br />property by any act or omission to act; and to comply with all requirements of law with respect
<br />to the property.
<br />6. Condemnation. In the event the property, or any part thereof, shall be taken by eminent
<br />Beneficiary is entitled to collect and receive all compensation which may be paid for any
<br />property taken or for damages to property not taken, and Beneficiary shall apply such compensation,
<br />at its option, either to a reduction of the indebtedness secured hereby or to repair and restore
<br />the property so taken.
<br />]. Performance by Benaaflciary. Beneficiary may, but shall have no obligation to, do any act
<br />which Truster has agreed but failed to do, and Beneficiary may also do any act it deems necessary
<br />to protect the lint hereof. Trustor agrees to repay, upon demand, any sums so expended by Bene-
<br />ficiary for the above purposes, mad any sun so expended by Beneficiary shall be added to the in-
<br />dobtaftess secured hereby and become secured by the Ilea hereof. Beneficiary shall not incur any
<br />personal liability because of anything it may do or omit to do hereunder.
<br />S. them%. Beneficiary, or its agents, representatives or workmen, are authorized to
<br />ester at any reamonobis time upon or in any part of the property for the purpose of inspecting the
<br />same and for the purpose of perforating any of the acts it is authorized to perform under the terms
<br />of any lean instruments executed by Truster.
<br />p. psi S of a. Beneficiary shall have the right, power and authority during the
<br />cant tm cr this heed of Trust to collect the rents, issues and profits of the property and of
<br />any personal property located t.heraon with or without taking possession of the property affected
<br />hereby, m4 Truster hereby absolutely end usnrondittonally assigns all such rents, issues and profttn
<br />to Beneficiary. ftclary, however, hereby consar.ts to rrumtor's rollmxticm and retention of such
<br />rusts, isms and profits as they accrue and beeeme payable, ac long ae Truster to not. at auch time!.
<br />_ ] ,.
<br />OR
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