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L r This Dead of Trust is 1 hojsina tom_ rs�anad to DEED of TRUST (open llttd Multiple Note) this 21st BY of May Trustee, abase sailing address is , Attorney at Law herein® and THE OVERLAND NATIONAL BANK OF GRIND I1 J1111 hereinafter inr� referred to an address is P. 0. Box 1688, Grand Island, Nebraska 68602. CONTS. b 87-- 103097 19e7 , by and among to an For valuable consideration, Truster Irrevocably grants, transfers, conveys and assigns to Trustee, In trust, with power of sale, for the benefit and security of Beneficiary, under and subje,t tjol the terms and conditions of this Deed of Trust, the following - described property, located in t3iaA County, Nebraska, to -wit: E. 62' of Lot 11 Block 2, R.nickrehn 3rd Addition, Grand Island, .11 URmty, together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurtenances located thereon or in any way pertaining thereto, and the rents, issues, profits, reversions and the remainders thereof, including all such personal property that is attached to the improvements so as to constitute a fixture, all of which, including replacements and additions thereto, are hereby declared to be a part of the real estate conveyed in trust hereby, it being agreed that all of the foregoing shall be hereinafter referred to as the "Property." FOR THE PURPOSE OF SECURING: (a) the payment of personal indebtedness owing from Truster to Beneficiary, as evidenced by Promissory Notes of various dates in the total present principal amount of (b) the payment of interest at the rate or rates provided in the afore - described notes and the payment of both principal and interest on any and all renewals, modifications and extensions of such notes; (c) the payment of principal and interest On any future advance as may be evidenced by promissory notes stating they are secured by this Deed of Trust; provided, however, that the total principal indebtedness, not including sums advanced to protect the security or Interest accrued, shall not exceed the sum of Teti thotisand and il0 /](xl-- - ---(g jQ )' (d) the performance of each agreement and covenant of Trustor herein contained; and (a) the payment of any sus or sums of money which may be hereafter paid or advanced by Beneficiary under the terms of this Dead of Trust, together with interest at the highest rate provided in the notes secured hereby. To protect the security of this Dead of Trust, Trustor hereby covenants and agrees as follows: I. Pa_ymeat of Indebtedness. To pay when due, th't principal of, and the interest on, the in- debtedness evidenced by the note, charges, fees and ail other sums as provided in the loan instru- manta. 2. Title. Trustor is the owner of the property and has the right and authority to axecute this Dead —•�of TTrust in respect to the property. 3. Taus and Assessments. To pay, when due, all taxes, special assessments and all other charges against the property, before the same become delinquent, and, in the event Beneficisty shall so require, to add to the payments required under the note secured hereby, such may be sufficient to enable Beneficiary to pay such taxes, assessme noun[ as become due. ate or other charges as they 6. Insurance. To keep the Improvements now or hereafter located on the real estate described herein insured against damage by fire and such other hazards an Beneficiary may require. In amausts and companies acceptable to Beneficiary, and with loss payable to Beneficiary. In case c Of loss under such policies. Beneficiary is authorized to adjust, collect and discretion, all claims thereunder and, at its sole option, is authorized to d compromise, thin its coeds to the restoration of the property or upon the indebtedness secured hereby, but payments required by the note shall continue until the sums secured hereby are paid in full. 5. Regain. lisintemnce and Use. To promptly repair, restore or rebuild any buildings or i"rout wasttanow or hereafter on the propeher r to keep t he property in good condition and repair, to not make, suffer or permit any nuisance to exist nor to iminish ®oroimpairatheovaluelof thereof, Property by any act or omission to act; and to comply with all requirements of law with respect to the property. 6• Comdoomet ion. In the event the property, or any damsin, an�ry Sa entitled to collect and receive allpctt thereof, s1ta11 be taken by eor y Property taken or for s to property not taken, and Beneficiary m which my be paid for arty p at its option, either to a reduction of the indebtedness secured hereby or torepaiirh repair and compensation. the property so taken. 7. Performtmtce ky hlsmsficiarv. Beneficiary an but shall have no obligation which Trustor, has agreed but failed to do, and Beneficiary may also do any act it dot necessaryt to protect the lien hereof. Truster agrees to repay, upon demand, any sums so expended by Bene- ficiary for the above purposes, and any sum so expanded by Beneficiary shall be added to the in- debtafteso secured hereby and become secured by the lien hereof. Beneficiary shall not incur any Petsasel liability became® of anything it my do or emit to do hereunder. B. inaae�ltotts. Beneficiary, or its agents, representatives or workmen, are authorized to eater at say rossonabls time upon or in any part of the property for the purpose of inspecting the sae sad for the purpose of performing any of the acts it is authorized to perform under the terms of any loan Instrts executed by Trustor. 9. es t c Conti ue of Reete. Beneficiary shall have the right, power and authority during the of this Dead of Trust to collect the rents, issues and profits of the property and of any Personal property located thereon with or without taken hereby. Truster hereby absolutely nd B assigns of the property affected to ficiary• facia y unconditionally contfonally assimu all such rent a, iretes and of rocs ry, however, hereby eonaente to Trustor's coilaa�ticxu and retention of such recta, issues and profits as they accrue and become payable, NO long as Trustor Is not, at such time, 6WI