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<br />H,trIni,ist fellmi^wwWalion New40
<br />DEED OF TRUST 87— 105954
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<br />THIS oDEDnFTRVg?.� made ^vvf th,—���.day^f —Uut 1*-4J—kx and among
<br />Corinne L. Johnson ("Tvwur^). whose mailing address iw
<br />313 West 15th, Grand Island, Nebraska, 68801.
<br />Five Points Bank ('~y,au~''). whose mailing address is
<br />2015 North arwadwrll, Grand Island, Nebraska, '
<br />undSte9ben T. and Louise D. Flpharty, (nB���ci�nv") whose mailing address jm
<br />2409 Pioneer Blvd., Grand Island, Nebraska, 68801 '
<br />FOR VALUABLE CO
<br />TRUST, WITH POWE R OF SALE, for the benefit and security of Beneficiary, under and subject to the terms
<br />and conditions of this Deed ofTrust, the real property located in the City of Grand Is Land— County of
<br />Hall State of Nebraska, and legally described as follows (the "Property'):
<br />�
<br />Lot Eight (D), Block Sixteen <18> in Sohimme�/a
<br />Addition to the city ocmzanu Island, Hall County,
<br />m=uruoku,
<br />gO88TBE8 Yxl?B. all ,m*tu, vouvmeotu, v»nuuenvocea, honeditmovnm, interests in adjoining roads,
<br />streets d alleys, improvements and buildings ^f any kind situated thereon and uU | property dmtmnuv
<br />b000 hereafter become an integral part of such buildings and improvements, all crops raised thereon, and all
<br />water rights.
<br />'Me Property and the entire estate and interest conveyed to the Trustee are referred to collectively as the
<br />'~Dnst Estate".
<br />FOR THE PURPOSE oF SECURING:
<br />a. Payment of indebtriess in the total principal amount of$ 34,000.00 with interest
<br />thereon, as evidenced by that certain promissory pote of even date (the "Note") with a maturity date of
<br />November 1, 2007, or a
<br />, &RE&WIM&F which has been delivered and is payable to the order of
<br />Beneficiary, and which by this reference is hereby made a part hereof, and any and all modifications, exten-
<br />sions and renewals thereof, and
<br />§. Payment of all sums advanced by Beneficiary mprotect tbrTfuet Estate, with interest thommo^uuborua
<br />of nixie m`t(---94+ n^ per annum.
<br />This Deed vYTrust. the Note, and any other instrument given m evidence oo further secure the payment and
<br />performance of any obligation secured hereby are referred to collectively as the "Loan Instruments".
<br />T0 PROTECT THE SECURITY oF THIS DEED OF TRUST:
<br />/. PAYMENT or INDEBTEDNESS. r,."w, shall pay when due the principal of, and the interest on, the
<br />indebtedness evidenced o' the Note, charges, fees and all other sums ^a provided m the c^unInstruments.
<br />o. TAXES. x\uamr shall pay each installment " all taxes and special assessments ", every kind, now vr homunu,
<br />levied against the Trust E t m or any part thereof, befo delinquency, without m dema nd, and shall pu"wue
<br />Beneficiary with enu of the t r /r m xox all taxes and ommyemon�xw�umay }m|vwm
<br />upon Beneficiary's interest herein upon this Deed "f Trust m, the debt secured x ot regard m any law that
<br />may ue enacted imposing payment "r the whole ",00' part thereof upon the Beneficiary.
<br />u INSURANCE AND REPAIRS. nm"m, shall maintain fire and not extended coverage insurance insuring the
<br />improvements and buildings atu n of the Trust utma, less than the of the
<br />unpaid principal balance of the Note (co-insuranCP Dot exceeding 80% permitted). Such insurance policy shall contain
<br />a standard mortgage clause in favor of Beneficiary and shall not be cancellable, termi nable or modifiable without ten
<br />(10) days prior written notice to Beneficiary. Trustor shall promptly repair, maintain and replace the Trust Estate or
<br />any part thereof so that, except for ordinary wear and tear. t he Trust Estate shall not deteriorate. In no event shall the
<br />Trustor commit waste an or to the Trust Estate.
<br />4. ACTIONS AFFECTING TRUST ESTATE. rm,u, shall appear /n and contest any action proceeding
<br />purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee, and shall pay all costs and
<br />expenses, including cost of evidence of title and attorney's fees, in any such action or proceeding in which Beneficiary
<br />or Trustee may appear. Should Trustor fail to make any payment or to do any act as and in the manner provided in
<br />any of the Loan Instruments, Beneficiary and/or Trustee, each in its own discretion, without obligation so to do and
<br />without notice to or demand upon Trustor and without releasing Trustor from any obligation, may make or do the
<br />same in such manner and to such extent as either may deem necessary to protect the security hereof, Trustor shall,
<br />immediately upon demand therefor by Beneficiary. pay all costs and expenses incurred by Beneficiary in connection
<br />with the exercise by beneficiary of the foregoing rights, including without limitation costs of evidence of title, court
<br />costs, appraisals, surveys and attorney's fees. Any such cost�, and expenses not paid within ten (10) days of written
<br />demand shall draw interest at the default rate provided in the Note.
<br />u EMINENT DOMAIN. Should the Trust Estate, or any part thereof or interest therein, be taken or damaged
<br />reason of any public improvement or condemnation proceeding, or in any other manner including deed in lieu of Condem-
<br />nation ("Condemnation"), or should Trustor recive any notice or other information regarding such proceeding, Trustor shall
<br />give prompt written notice thereof to Beneficiary. Beneficiary shall be entitled to all compensation, awards and other pay.
<br />ments or relief therefor, and shall be eiptitled at its option to commence, appear in and prosecute in its own name any action
<br />or proceedings. Beneficiary shall also be entitled to make any compromise or settlement in connection with such taking or
<br />damage. All such compensationrawards, damages, rights (if action and proceeds awarded toTrustor (the "Proceeds") are
<br />hereby assigned to Beneficiary and Trustor agrees W execute such further assignments of the Proceeds as Beneficiary or
<br />Trustee may require.
<br />m *um"�n"°��woinammm""'
<br />executed and acknowledged by Beneficiary, mailed toTrustor and Recorded /x the County in which the Trust. Estate /"
<br />located and by otherwise complying with m"nn.v.u""v (if the applicable law "r the State (if w"mm"k""obtiomwo,m.~°w.,
<br />"r successors w the Trustee named herein ." acting hereunder.
<br />} r. oocoxme/nm AND Amex.w*. This Deed .fnm"/"vv/ies to, inures w the benefit "f.m./ binds all parties /v.^^".
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<br />their heirs, legatees, xmi."es. personal mvreirenmo v"°s°m" and assigns. rh"'erm mm.`the
<br />'
<br />owner and/°lder"f the m.^". whether ,^ riot o"m°/ Its /`,,"n,i"rN herein.
<br />K/wmPmnnoww.o".*""=",.tA"w""t44',"pr°°"uu=°,° workmen. "r(-"",h""^,/."".",,../"..,""""""u,
<br />tirne upon or,"any portol u~rnwa*°u- for the r f inNix-cong /^,""m, owl tor tiff- pm"lil`"/°m"M"."=.."
<br />� msr,mw^is authorized w~rforvu"xcr the terms 'f any ^xil,/,wnInstruments.
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