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pF TRUST
<br />(open d Mu t' p1 "� Nvts)
<br />CiT5 t b
<br />87-- 148482
<br />and THE OVERIAND address in P. ti. l
<br />Boxl ao, B F
<br />G rraandIsland.INebraskasr68802.
<br />For valuable consideration. Truster irrevocably grants, transfers, convoys and asaigna 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
<br />County. Nebraska, to -wits 1
<br />lot 19 PL V3h Ple Intville Terra S! v
<br />in loll (bttllt Nab _-
<br />together with all buildings, improvements, fixtures, streets, alleys, passagmrays, ass' nt ®, rights,
<br />Privileges and appurtenances located thereon or in any way pertaining Passage and the ruts, lights,
<br />profits, reversions and the remainders thereof, including all such personal property that is attached
<br />to the Improvemseto 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 Truster to Beneficiary, as
<br />evidenced by Promissory Notes of various dates in the total present principal amount of
<br />(b) tie
<br />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 Including stints advanced tv
<br />accrued, shall not exceed the sum of NiI1CtE@n ['h() dpr40 the security or interest
<br />(d) the g ?_N4 /100(S_�9.000 00 ):
<br />performance of each agreement and covenant of Truster herein contained; and
<br />(e) the payment of any ores or stuns of money which may be hereafter paid or advanced by
<br />Beneficiary under the term 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. Truster hereby covenants and agrees as follows:
<br />1. FaymenL of IndebtednQas. TO pay when dune, the principal of, and the interest on, the Sn-
<br />sebtadness evidenced by the Hate, charges, fees and a.i other sums as provided in the loan instru-
<br />debts.
<br />2. Title. Trustor is the owner of the property and has the right and authority to execute
<br />this Deed of Trust in respect to the property.
<br />3. Tawas and Ass esamanis. To pay, when dun, all taxes. special assessments and all other
<br />charges against the property, before the Sam became delinquent, and, in the event Beneficiary
<br />shall so require, to add to the payments required Lauder the note secured hereby, such amount as
<br />May be sufficient to enable Beneficiary to pay such taxes, assessments or other charges as they
<br />become due.
<br />4. 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 1089 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 shall continue until the scams secured hereby are paid in full.
<br />S. Remir, hfaintenanre and Use To PeoMptly repair, restore or rebuild any buildings or
<br />iWr is 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 lion hereof;
<br />to not make, suffer or permit any nuisateee 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• C4mdevmtlon. in the event tlu ro art
<br />in, Beneficiary, is entitled to collect ..Pd receive ®allpcom enssatti y therf, shall be
<br />ion which May by eminent
<br />pco ztY taken or for damages to property not taken, and Beneficiary shall apply Suchpcompensation.
<br />at its OPtiOn, either to a reduction of the indebtedness secured hereby or to repair and restore
<br />the property so taken.
<br />F. Ferfo t D me(iciar . Beneficiary ray, 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 deans necessary
<br />to "Otect the lime hereof. Truster agrees to repay, upon demand, any sums so expanded by Bene-
<br />ficia>•y for the above Purposes, and any SUR no expanded by Beneficiary shall be added to the In-
<br />sea "Sciuctd hereby and become secured by the lion hereof. Beneficiary shall not incur any
<br />liability because of anything It may do or omit to do hereunder.
<br />g' 18291SMUMMOI Beneficiary, or Its agents, representative, or vorkmen, are authorised to
<br />Sasse tr tt any reasonable time upon or in duty part of the property for the purpose of inspecting the
<br />for the Purpose Of Perfurmind any of the acts it is authorised to Red
<br />of any 1 tastr is executed by Trentor. perform under the torma
<br />NSA of _ ts. Beneficiary Shell have the right,
<br />Power and authority during tics
<br />anent v ' this 4 O Truest to collect the rents. Issues and
<br />MV
<br />Personal Property loesied titers with or without taking profits o[ the property and of And True r hereby Absolutely and tna itlonally assit0tstall suctlfs rlents0, isstato andcpr ©firs
<br />10 •Assumey. Beneficiary. however. hsrsby d�dertsants to Truster °s collactlon and retention of ouch
<br />rents, issues atxd profits as missy secrae and become payable, ao long 80 Y'rumt.,r fm "oe, dt suite tires,
<br />_tu
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