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<br />D OP TRDBT w7
<br />(ripen 6tld Mu1 TRV3T Ota) 8 '
<br />This Dad of Trust In made this 20th day of May 1967 . by and among
<br />Join M. Ita, a $i � °Wl �i f
<br />bsraiaw tae re arrad to as ruatar �r whose mailing address is �Vt _ i�
<br />�tc�orn nt La hereina +f,ar rafarr�d to as '
<br />ffr -tee, se ma ing address is 77 [1T ,T ?i� 1�
<br />and THE OVERLAND NATIONAL BANK OF GRAND ISLAND, hereinafter referred to as 'a mefici.ACy," whose nailing
<br />address In P. o, Box 1568, grand Island, Nebraska 68842.
<br />For valuable consideration, Truster Irrevocably grants, transfers, conveys and assigns to Trustee,
<br />in teat, with power of sale, for the benefit and security of Bonefl.etary, raider and subject to the
<br />terms and conditions of this Deed of Trust, the following - described property, located in JUL
<br />County, Nebraska, to -wit;
<br />in Hall prnlntY, Nom___
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, aaaments, 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 in 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 />evidettcgd by Promissory Notes of various dates in the total present principal amount of
<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 including sums advanced to protect the security or interest
<br />accrued, shall not exceed the sum of 19.0m .0o );
<br />(d) the performance of each agreement and covenant of Trustor herein contained; and
<br />(a) the payment of any sum or sums 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 />debtednesa evidenced by the note, charges, fees and a.l other sums as provided in the loan instru-
<br />manta.
<br />2. Title. Trustor is the owner of the property and lien the right and authority to execute
<br />this Deed of Trust in respect to the property.
<br />]. Taxes and Assaaaments. To pay, when due, all taxes, special assessments and all other
<br />charges against the property, before the sate become delinquent, and, in the event Beneficiary
<br />shall so require. to add to the payments required under the note secured hereby, ouch 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 loss under such polictea, 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 sums secured hereby are paid in full.
<br />5. Ruas,alr, No nteag ecl a 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 lion 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 ummieston to act; and to comply with all requirements of law with respect
<br />to the property.
<br />5. Lion. In the event the property, or any part thereof, shall be taken by eminent
<br />domain, Sees let&" to 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 is reduction of the indebtedness secured hereby or to repair and restore
<br />the property so taken.
<br />9. Parforna ce by Beneficiary. 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 dame necessary
<br />to protect the Ilea hereof. Trustor agrees to repay, upon demand, any sums on expended by Bene-
<br />ficiary for the above purposes, and any sum so expended by Beneficiary shall be added to the in-
<br />e" secured hereby and become secured by the lieu hereof. Beneficiary shall not incur any
<br />pavement liability ben of anything it any do or omit to do hereunder.
<br />B, 1
<br />'j1Mg1StJM. Beneficiary, or its agents, representatives or workmen, are authorized to
<br />motor at any reaseoabie time upon or in any part of the property for the purpose of inspecting the
<br />saw &nd for the purpose of performing any of the acts it to authorized to perform under the terms
<br />of any ► Instruments executed by Trustor.
<br />4, yfy.. "t1. Beneficiary shall have the right, power and authority during the
<br />coat a this a Trust to collect the rents, issues and profits of then property and of
<br />say 1 property located tharean with or without taking possession of the property affected
<br />has Truster hereby absolutely and unceandifteaally assigns all such tents, issues and profits
<br />to Beneficiary. Meneficlarv. however, hereby ronasnts to Trustor's collecti— and retention of 9u h
<br />reeta. issues and profits as they acu;rue and become payable, so 1c,nk as 'rrust.,t is o.,t, rat such tine,
<br />MW
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