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<br />ceNTS:d OTi � i ",
<br />DL�D u= TrUST
<br />This Deed of Trust is made this
<br />-h day of Janiyary 1586 by and amour, IC)I- 1 C-
<br />rta£ ter referred to as "Trustor,
<br />ir, l
<br />ur an s an Arend A. Baack
<br />whose mailing address is nee er
<br />lettorney at Law, hereinafter referred to as Trustee w•ttuse taailing address ls_ o
<br />Grand island_ NE 6£801 ; and TW, ,jVERl AnD NATION ;,L BANK OF CRAND ISLAND, hereinafter ref erred to as
<br />"Beneficiary -," whose mailing .address is p. o. Box 1688, Grand Island, Nebraska 86802 -.
<br />For valuable consideration, Truster irrevocably grants, transfers, conveys and assigns to Trustee, in
<br />trust, with power of sale, for the benefit . and securlt.v of Beneficiary, under and sub ect to the Cost and
<br />conditions of this Deed of Trust, the following- descri -bed property, located in Hall y'
<br />Nebraska, to -wir:
<br />Lot Thirteen (13 ). in Block Five (5) in Be! Air Addition to
<br />the City of Grand Island, Hali. CcAlnty 'Nebraska
<br />with all buildings, improvements, fixtures, streets, alleys, PassaF;aways, easements, rights, privi-
<br />issues., Profits,
<br />together
<br />leges and appurtenances located thereon or in any way pertaining thereto, and the rents.,
<br />is attached to the 'improve-
<br />reversions and the remainders thereof, Including all such personal property that
<br />additions thereto, are hereby
<br />ments so as to constitute a fixture, all of whic!:, including rcpl.a:.cr.:ents and
<br />all of the fore-
<br />be of the real estate conveyed In trust hereby, it being agreed that
<br />declared to apart
<br />going shall be hereinafter :referred to as the ''Property.°
<br />FOR THE PURPOSE OF SECURING:
<br />(a) the payment enII.de b4dnes i S,Sir `•' Tr s otc of even date herew,th in
<br />'j l.3].'•3.i_i•S'{.. `I u �I'E'�e ?4' } , together
<br />X191.20
<br />the principal sum of -1C -bop t� i "ler--the Interest
<br />id an}'
<br />interest at the rate or rates provided there lit, nr :!re fri
<br />with sec -tire s ti
<br />the total princl,nl tt-tim initiailt trur[.d !-,etch} �s evidenced
<br />future advance not to exceed
<br />herchv, and ar,v and all .enewa)s•aynb7eli�tions
<br />by promissary notes stating they are secured
<br />being, p
<br />and extensions of such notes, both PrinciPal and Interest oil rile notes
<br />a
<br />accordance with the terme• set forth therein, wttici, by tills reference l.. hereby made Part
<br />hereof;
<br />(b) the performance of each nc,rremen: anti n �enaat. u�.t :•r hrrcin rontninr'rl: and
<br />c) the payment. of nti •; s m or sums of money vfi :ch may n„ hereafter paid or ndcanced
<br />by Beneficiary under the terms of tills Peed of irnrr, '. ^v <':1 "r wish try crest theyenn It the
<br />rate provided in the note.
<br />To Protect the security of this heed of iru <a ".Iustrr h r `. "• ravenantn and "t, ee as fDliows:
<br />pa'.mrent of indebtedness. To pay when ,I ne, tt -tin'. I!,al „f, and the rte <. h , an, the indehted-
<br />.
<br />1.
<br />t;y the note, charges, fees and n11 "nrr nmr. m: ;,r•" ✓;der' •.; 'non!nst ntmt•nt.s.
<br />Hess evidenced
<br />_.. 7'it1 e. Trustor _, the owner of the .'rr,p -I i 1 h ::� cht. i;:ht ant, auth+rlty to ex <•cute tills
<br />Deed of Trust In respect to the Property.
<br />3. Taxes and Assessment >. To pay, witrn due, nil taxe =, sperrn c ,smenls and ail other char¢es
<br />against the Property, before the same become del!nqu•:lit, nod, 11: tot- event. Benef irinry shall so rec,uire,
<br />tent to t•n-
<br />to add to the payments required under the note rut <•:' i' ^ten',• u�l nmoil I as: nay Lr soffit
<br />(,r
<br />able Beneficiary to pav such taxes, xsses•sment., . net [large.
<br />Insurance. Tn keep the Smp rovemcntt now tt. r IItrt l 1t. al •'�: ate described
<br />w.
<br />herein insured against damage by fire and sur a I, .n ! nay require, In amenmts and
<br />c otap ani es acceptable to PeneFlc�iarv, and with l,, + n is t. Be nr1 :: !a: •:. Tr. case• t loss under sut•h
<br />. - , -t and {`I Dtul se, in ,, dt .PtI in, off :]alms
<br />Beneflciarr, is autnDtl.lied to ["ii t ,'_..
<br />ioL r•f he
<br />..
<br />policies, ,; h ,.. rr�t :`rn:
<br />-! •,oft- �f!- '.... tui:b t 1 - �1 r.- _1 .1r _ "
<br />thereunder anti, nt. ..
<br />`.,. Itq,; tc, ,. :.he nntc'suail runtlnue t'o'il
<br />property or upon the indebtealle-c-, t;ecureri inl hl:, !a,mlal
<br />the sums secured hereby are paid In full.
<br />5. Repair, !ta7 nt ent,nee and file. To .,rnmvt ' -,: : -e pafr. !'•.stores rel•cli c! :+,:. Suildir.fa or imprrvc._
<br />waste
<br />ments now or hereafter or, the Ptopert !: e[ 'lc • nod con:il•!on and repair, without
<br />mbke., ruffer
<br />and free .tom mechanics Dr other liens ant r re -iiii+ ,:dinated to i lir_n hereof; to not
<br />omission
<br />or permit any nuisance to exist not to flmiaisl, tr 1rip..z the value nr chr, property by arty not or
<br />to act: and to comply with all. requirements of law a:t.h respect to :hr property.
<br />E,. Condenmati<m. n :'he event the prrope.rt.v, or unv sort thorned, shall he taken by eminent domain,
<br />Beneficiary is entitled to collect and :ecel ve al! campensaVicm «i,lch may be paid for any property taken
<br />its DPt iau,
<br />or for damages tc, property not taken, and Bend ir.!ary stlall apply such compensation, at
<br />hereby to repair and restore the propert.; so taken.
<br />either to a reduction cf the indebtedness secured or .
<br />7. performance by Beneflc.i.arv, Deoe•.ficitery may, 'nut snail have no obligation to, do any act which
<br />Trustor hag agreed but failed to do, and Bene.fici.ary rrav nlro do any rbct f: deems necesaary to Protect
<br />tibe lien hereof. Trusutr agrees to repay, u 1 tlen[111 any hums so xpended by Bent I iary for the
<br />and an} sum so ccxplended in Benei i:ltr tall be added n t.hr indcbt[tne's sec r•d ht•re-
<br />above purposes,
<br />nrr, lr:ut any per —tia: ...I•i i1t. ecrs u::e of
<br />by and becume secured br the lien i,are•of. t.ne'lc.� �,t.n'1
<br />unvtttlttg it mev do or nallt to du itetreunder.
<br />B. AN n�l t,f };..n[:,, licnef It tar %, !.h;,!! td It t t 1 n:-
<br />,ttmenc<
<br />tir.batce c lls heed e,f -frost :.o tll� t .nt t.. u I tit. r p. n ! al;"
<br />l,vcnled rots( -at wit! rr if 'rc,l l'a I I tf tli 1111!•
<br />soul trnfe,rt.
<br />f
<br />1[eT.tby nheclutell and ul,'•m itl lta V . ;itf ! nI 1'- 11 ,ft !
<br />tlhC
<br />howr Ir' nt tet 'lltr5tef l.!' -t' .. f 1 1,.i 1. tt, el t'•t
<br />letlt.ifici.ary,
<br />it K Hil they nC 7lle' iii'd +Itnme It tit t, I{' I. 1tt!: :.. 't rte, 1 1 +',U t fit
<br />prof
<br />,.,Pact tit; fldymenc f'i ate•+ :tide., >tR -dill lib ., .. .,ll. .,ttel, a t
<br />'f any [•vent "f 11,i Au II :k•f.cr l6ed hetc,:ltr•r in reaps,+ ,r 11 r...• t. ...��t ,u., r „e ,: r.. +1;
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