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<br />87— 102955 CONT5:d
<br />DEED OF TRUST
<br />This Deed of Trust is made this 14th day of h'1a
<br />Sharon R ddreanw, �' Is e er end among o as us Johnsr�n and
<br />[those mailing address is g __ _�- horainaftor referred to as Trustor,"
<br />Attorney at Law, hereinafter referred to as Trustee,' whose mailing address is
<br />G Beneficiary,' whose mailing address Tto P. O, Box N1688,AGrand KIsladdNebraska� 68802nafter referred to as
<br />For valuable consideration, Trustor irrevocably grants, transfers, conveys and assigns to Trustee, Sot
<br />trust, with pater of sale, for the benefit and security of Beneficiary, under and ay��gGt to the terms and
<br />conditions of this Deed of Trust, the following- described property, located in [loll.
<br />Nebraska, to -wit: County.
<br />Lot Six (6) Heritage Acres Subdivision in the City of Grand
<br />Island, Hall County, Nebraska;
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements , rights, privi-
<br />leges and appurtenances located thereon or in any way pertaining thereto, and the rents, Ssatiea, profits,
<br />reversions and the remainders thereof, including all such personal property that is attached es the improve -
<br />manta ao as to constitute a fixture, all of which, including replacements and additions thereto, are hereby
<br />declared to be a part of the real estate conveyed in trust hereby, it being agreed that all of the fore-
<br />going shall be hereinafter referred to as the Property."
<br />FOR THE PURPOSE OF SECURING;
<br />(a) the payment of indebtedness evidenced by Trustor's note of even date herewith in
<br />the principal sum of 1'hlr'tel the I.CA�rw1 _and n0 1�}-
<br />with interest at the rate or rates ---L-- -4513.0W 00 ), together
<br />future advance not to exceed the total vprincipal esum initially l secured ahereby eassev dented
<br />by promissory notes stating they are secured hereby, and any and all renewals, modifications
<br />and extensions of such notes, both principal and Interest on the notes being payable in
<br />accordance with the terms set forth therein, which by this reference is hereby made a part
<br />hereof;
<br />(b) t!le performance of each agreement and , ovenanc of Trustor herein rontained; and
<br />(c) the Payment of any sum or sums of money which may he hereafter paid or advanced
<br />by Beneficiary under the terms of this Deed of Trust, together with interest thereon at the
<br />rate provided in the note.
<br />To protect the security of tills Deed of Trust, Trustor hereby covenants and agrees ae follows;
<br />1. Paltment of Indebtedness. To pay when due, the principal of, and the Interest on, the indebted-
<br />ness evidenced by the note, charges, fees and all other sums as provided in the loan instruments.
<br />2. Title. Trustor Is the owner of the propertti. and has the right and authority to execute this
<br />Deed of Trust in respect to the property.
<br />3. Taxes and Assessments To pay, when due, all taxes,
<br />against t party, befor special assessments and all other charges
<br />he proe the aama become delinquent, and, in the event Beneficiary shall so require,
<br />to add to the payments required ,alder the note secured hereby, such amount as may be sufficient to en-
<br />able Beneficiary to pay such taxes, assessments or other charges as they become due.
<br />4. Insurance. To keep the Improvements now or hereafter located on the real estate described
<br />herein Insured against damage by fire and such other hazards as Beneficiary may require, in amounts and
<br />companies acceptable to Beneficiary, and with toes payable to Beneficiary. In case of loss under such
<br />Policies. Beneficiary is authorized to adjust, collect and compromise, in Its discretion, all claims
<br />thereunder and, at its sole option. is authorized to ett he.•r appiv the proceeds to the restoration of the
<br />property or upon the indebtedness secured hereby, but payments required by the note shall continue until
<br />the sums secured hereby are paid In full.
<br />5. Ror, her aftntenanrh and Use. To presmptly repair, restore or rebuild any buildings or improve-
<br />ments now or hereafter on the property; to keep the property In good condition and repair, without waste
<br />and free from mechanics or other liens net expressly subordinated to the lien hereof; to not make, suffer
<br />or permit any nufaante to exist nor to diminish or impair the value of the property by any act or omission
<br />to act; and to comply with all requirements of l.aw with respect to the property.
<br />6. Condemnation. In the event the property, or any part thereof, shall be taken by eminent domain,
<br />Beneficiary Ss entitled to collect and receive all compensation which may be paid for any property taken
<br />or for damages to property not taken, and Beneficiary shall apply such compensation, at its option,
<br />either to a reduction of the indebtedness secured hereby or to repair and restore the property so taken.
<br />7. Performance b Beneficis ry, Beneficiary may, but
<br />Trustor has agreed but failed to do, and Beneficiary may ualso ®do any eact It obligation ces do any act which
<br />the lien hereof. Trustor agrees to repay,. upon demand, an s necessary to protect
<br />Above purposes, and any sum so expended by Beneficiary shall bbeea added xtonthe indebtedness rsec "red hhere-
<br />by and become secured by the lien hereof. Beneficiary shall not incur any personal liability because of
<br />anything it may do or omit to do hereunder.
<br />g• A!s__&ttwnta of Banta. Betteflelary shall have the right. Power tlauaice of this Deed of Trust to collect the rents, issues and profits ofdthetproper during the con -
<br />sonal Property located thereon with or without taking possession of the property and re any par_
<br />Trustor hereby absolutely and unconditionally assigns all such rents, Issues and profits dtoeBeneficiary.
<br />Beneficiary, however, hereby consents to Trustor's collection and retention of such rants, issues end
<br />profits as they accrue and become payable, so long as Trustor Is not, at such ttiaa, In default with re-
<br />"act to payment of any indebtedness secured hereby, or in the performance of any agreement hereunder.
<br />If say event of default described hereafter in respect to this Deed of Trust shall have occurred and be
<br />coatinalag, Beneficiary, as a matter of right and without notice to Trustor or anyone claiming under
<br />Trustor, and without regard to the value of the trust estate or the Interest of the Trustor therein,
<br />shall have the right to apply to any court having lurisdicticm to appoint a receiver of the property.
<br />9. In„ able t i Beneficiary, or its agents, representatives or workmen, are authorised to enter
<br />at any [Purpose o ties Performing of in any pert of the property for the purpose of inspecting the same and
<br />for time purpose of perfarrniag any of the acts It is authorized to perform under the terms .,f ant loan
<br />Instruments executed by Trustor.
<br />20. Tr �artfWC of Pro art v. if all or any part of the property or any interest of Trustor thereto
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