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„,,S d 87- 103;25
<br />W i`WJ57
<br />la,w.
<br />'E ?s Deed of Trust is cads tb +_ 18 day c.: y 'q87 `;y and assng R .armor IiIIG
<br />loo add is �1SUH rein ter referred to as 'Trust,.!,
<br />td �illag address is im. - _ s ��� ?4rpnnd R. RTwn t<-
<br />s €umcy ac nos, nerexnarter rererree to as -rrastee.” whose sailing addr=ess is
<br />and- NE 68802 ; ud TM IWZU --- _ra *OVAL 3.1N& OF GRAND ISLAND, hereinafter referred to a_
<br />�3.= .af1z'iary," ,hogs Mailing address is F. d. Bas la`s?. Grand Island, Nebrasi.a 6M,-.
<br />For valuable consideration, Truster irrevocably greets, transfers, canvays and assigns to Trustee, in
<br />trust, with power of sale, for the benefit and security of berefictary, under and subject to the ter-ass and
<br />conditions of this Deed of Trust. the followdeg- described property, located in Ha'U County.
<br />Nebraska, to -vit:
<br />Lot 'Pen (10, he City of Grand
<br />Island, HECU County, Nebraska,
<br />and
<br />is further secured by Seat ity tents dated U -2-84 and 7 20-82
<br />together with all buildings, Improvements, fixtures, streets, alloys, passageways, easements. rights, privi-
<br />leges and appurtenances located thereon or in am vav pertaining thereto, and the rents, issues, profits,
<br />rever4loas and the remainders thereof. Including all such personal property that is attached to the improve-
<br />wants so as to Constitute a fixture, all of wbtrb, tecludfng naplacements and additions tbereto, are hereby
<br />doelerad to be a part of the real estate cunveved is trust hereby, it being agreed that all of the fore-
<br />going shall be bereisafter referred to as toe 'Property."
<br />PM RE PEE OF SPC['f+tM.:
<br />(e) the payment of indebtedness evidenced by Trustor's note of even date herewith in
<br />the principal sum of Forty ThOUSand DoUal —s & No1100(s40m000.00 ), together
<br />with tatarest at the rate or rates provided therein, or the principal and interest cc any
<br />future advance not to exceed the total principal sus initially secured hereby as evidenced
<br />by promissory notes stating they are secured hereby, and any and all renewals, modifications
<br />and extenaiaus of sueb notes, both principal and interest on the notes being payable in
<br />mecttrdance with � terms sat forth therein. which by this reference is hereby made a part
<br />hsreof:
<br />W the performance cf eaci: agreement and .: oreoaet e,l Truster herein contained; and
<br />(c) the psyremt of sat arm oe avows of momev which may be hereafter paid or advanced
<br />by beneficiary washer the terms of this Dead of Trust, together with interest thereon at the
<br />rate provided in the note.
<br />to protect ChB seturtty of this Jae.: of TLUSt. TTUator hereby covenants sad agrees as follows:
<br />I. Pavaeat of Indet-tednes&. in pay when due, tin principal of. and the interest on, the fadebted-
<br />sees evidenced by the more, charges. _fees and all other suss as provided to the loan lastruments.
<br />2. Title. Truster is the owner of the property mad has the right and authority to execute this
<br />Laud of Trust to respect to the property.
<br />I. Taus and Asw"wwuts. TO pay, when due. all taxes, spatial asssssrents sad all other charges
<br />agatmst the property, before ' e hart beds deitngwat. sod, to the event beaoflctary scull so require.
<br />ro add to the Parsed,, regwlrsd wader the ease aecur, -4 hereby, such amount as may be
<br />sufficient to -
<br />able Beeaftclare to per swc-h taxes. aasoaysr:ts o: other charges as then beccomw dw.
<br />S. Insurance. To feet ibis i!!er.vs+ *_t ryw __ hereafter locare-.a. On tee real estate described
<br />hereto insured ogalast damage t^. fire mend aoch ,z'�mr `.shard* as bateficlary may require, to amount* and
<br />companies accegtable to ;tae * "i_t >e., vad vfxt lc4s a- .amble to Swooficiary. In case of loss under such
<br />policies, beneficiary is avt,..otlyd to ad!wxt„ c- ai°ssct mad compromise, to Its discretion, all claims
<br />thereunder aid, at lr, +-.wle apt seso, is as.. =a :Tar_ ri: sr 4VIly the p.roc-reds to the restoration of the
<br />Property ar span time isdebte,ress sec care@ �etebv. t-,t ;- arsenta required by the note shall continue until
<br />the *me secured hereby are paid In full.
<br />5. $epalr. %siatamence sad Vse. To prnact`v repair, reetcre or rebu L'd sns buildings or Improve -
<br />seats now or hereafter m the property; to keep t*.e Property to good condition and repair. without waste
<br />an$ free from rachaaics or other liens =ot em, atslr sloordinsted to rho lien hereof: to not male, suffer
<br />or permit any naismsce to exist Mat t^ dISI.°ntrfv or impair the value of the property by my act ar rmisalon
<br />to act: sad to comply vim* all re vIraevnts sf law vIrt+ respect to the property.
<br />6. G"""ratin. In is event -he property. or env part thereof, shall be taken by eslmemt donate,
<br />beneficiary L extitled to ccliccr and receive alt c*.ampeosation which via. be paid for may property taken
<br />ow for dasrges to property not takee, and leneflciazs stall apply such campeasatian, at Its .option.
<br />either to a reduction of the tadehitedaess aeoures hereby or to repair sad restore the property to taken.
<br />7. Perfarma"-e by !e— flriarr, be-,.efl 1—v ma=. lur shall have nos obligation to, do any act which
<br />Trostor has agreed but failed to do. and bmefttisry may also do any car it deers necessary to protect
<br />the lien hereof. Truster agrees to repay, upon demand, sup sure so expended by beneficiary for the
<br />above Pwrpoess. end any suet sr. expended by Seneficlars shall be added to the indebtedness tetured here-
<br />by and became secured !2 the lien hereof. -x..eneficlary shall not incur env personal liability because of
<br />Apything it may do or omit to do beremder.
<br />8. Asalgummcs of brats. `3esefictArt shill have the right, paarer and authority during the con -
<br />tfAw+s_ of this Deed of Trust to collect the rears, !*sees and profits of the property and of any per -
<br />0osa2 property ?:whey! wits =+ _< tsklmg -�s vf the property a €frcted betaby. and
<br />Truster hereby absolrtels and uoron�+it Snnally assigns all such rents. Issues and profits to beneficiary.
<br />beneficiary, bwevex, aarohr canaeate to Truator`s collection and retention of such rents. issues and
<br />profits as they accrue and butane payable, so 1=9 as Truster is nor, at such time, to default elth re-
<br />spact to payees[ of my iadebtsdsess secured hereby. or ion the performance of anv agreement hereunder.
<br />if my two" of default described hereafter in respect to this Deed of Trust shall have occutred and be
<br />caatinmming, bsmeflciart, as a matter of right And without notice to Tr,utor or anyone claiming under
<br />Tractor, and wltbout regard to the value of the trust estate or the interest of the Tru&tor therein,
<br />#lull hews the right to apply to ear court `—INK 'caul +dirt! — to appoint a receiver of the property.
<br />4, Ims+�ectioaa_ bexficiary, or its &Metz <. reDreseatat:ves er werksxa, are authorlaed is en €er
<br />at say reasonable t1se upon — is an, part of the roverr'r for the purpose of Inspecting the cast and
<br />for the purpose of ,Performing any of the —t. it is avxrm :rhieG to perform ender r..e —r!as cf a -_v loan
<br />Instruments executed f- °'„star.
<br />iC. Traasafer,,.nf i' if all nr ar.-= err of .s,e yrcperty .,r me inr crest �f 7re�<t cr :i+er win
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