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<br />DEED OF TRUST
<br />THIS DEED OF TRUST, made this 1s1 day of .lay
<br />Michael R. McCue and Sasar,, J. .cCt<e
<br />as Trustor,
<br />FrrsTler Bank, Natlonall Assoctatbn, Omaha, Nebraska
<br />as Trustee, and
<br />F#mTler Bank. N"mai Association, Omaha, Nebraska
<br />as Beneficiary:
<br />L'741i���9�Jl1L'g
<br />86- 102471
<br />19 jg , between
<br />That Trustor irrevocably grants, transfers and assigns to Trustee in trust, with power ofsale, the following described property:
<br />THAT PART OF THE NORTHEAST QUARTER (NE' ,) OF SECT :r! -'ti _'. r I.7 TOS;_-NSH?P 11, NOP711, N r;r' 1;
<br />WEST OF THE 6TH P.M., MORE PARTICULARLY DESCRTRED AS FOLLOWS: CCy CT *r, Vr .t
<br />THE EAST LINE OF SAID SECTION 24, WHICH POTNT. IS ! 0 ; 'EET NORTT{ 017 THE
<br />OF THE NORTHEAST nUARTER (NE7) OF SAID SECTION,; RUNNING THENCE '.JEST A? :i,LET, TO THE U7,
<br />LINE OF SAID QUARTER SECTION, FOR A DISTANCE OF 133 FEET; RUM 11 NC THENCE NORTH FARALLF;L 7,
<br />THE EAST LINE OF SAID SECTION FOR A DISTANCE OF 70 FEFT; RUNNING T'1 {ENICE EAST PARAI..ET. T({
<br />THE SOUTH LINE OF SAID QUARTER SECTION, FOR A DISTANCE O ?' L,3 i:'f:ET TO A PGI;dT ON 71HE
<br />EAST LINE OF SAID SECTION 24; RUNNING THENCE SOUTH ALONC tND UPON SAID EAST SECTION LTNF.
<br />FOR A DISTANCE OF 70 FEET, TO I"HE ACr JAL POINT OF BE ;IFJNING SUB,IF•.0 ^,' TO �i ^IE HALT' CF TT�F
<br />COUNTY ROAD ABUTTING UPON THE EAST SIDE OF SAID TRACT, ALL TN HALI. C0tj,,j ,, , NEBRASKA
<br />together with all interest which Trustor now has or may hereafter acquire in and to said property and in and to: (a) all ease-
<br />ments and rights of way appurtenant thereto; (b) all tenements, hereditaments, buildings, structures, improvements, fixtures,
<br />equipment, furnishings and appurtenances now or hereafter placed thereon; (c) all leasehold estate, right, title, and interest of
<br />Trustor in and to all leases or subleases thereof or any portion thereof now or hereafter existing or entered into, and all right,
<br />title, and interest of Trustor thereunder, including, without limitation, all cash or security deposits, advance rentals, and de-
<br />posits or payments of similar nature, and (d) all mineral, oil, gas rights and profits, water, water rights, and water stock.
<br />Trustor agrees to execute and deliver, from time to time, such further instruments as may be requested by Beneficiary in form
<br />and substance satisfactory to Beneficiary to confirm the lien of this Deed of Trust on any of the aforementioned property. The
<br />property so conveyed to Trustee hereunder is hereinafter referred to as "such property ".
<br />The Trustor absolutely and irrevocably grants, transfers and assigns to Beneficiary the rents, income, issues, and profits of
<br />all property covered by this Deed of Trust.
<br />FOR THE PURPOSE OF SECURING:
<br />I. Payment of the principal sum of Forty three thousand ive: t :un :irl d ninety two and 27/100----
<br />($43,592.27) Dollars--- -
<br />evidenced by the certain promissory note dated of even date herewith (hereinafter referred to as the "Promissory Note ")
<br />executed by Michael R. McCue and Susan J. McCue
<br />in said amount and payable to the order of Beneficiary maturing on "I'l ] I,),)]
<br />together with interest thereon, late charges, and prepayment bonuses according to the terms ofthe Promissory Note and all
<br />renewals, extensions, and modifications thereof.
<br />2. Performance, discharge of and compliance with every obligation, covenant and agreement of Trustor incorporated by ref-
<br />erence or contained herein or in any other security agreement or deed of trust at any time given to secure any indebtedness
<br />hereby secured, or any part thereof.
<br />:3. Payment of all fees and charges of Beneficiary or Trustee, whether or not set forth herein.
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR COVENANTS:
<br />TITLE: That it is lawfully seized and possessed of a good and indefeasible title and estate to all of such property in fee simple
<br />free from any prior lien or encumbrance, has good right and lawful authority to convey the same, and will forever warrant and
<br />defend the title thereto against the claims and demands of all persons whosoever; that it will, at its expense, maintain and pre-
<br />serve the lien of this Deed of Trust as a first and paramount lien upon such property.
<br />MAINTENANCE: To keep such property in good condition and repair; to complete or restore promptly and in good and
<br />workmanlike manner any building which may be constructed, damaged or destroyed thereon and to pay, when due, all claims
<br />for labor performed and materials furnished therefor and for any alternations thereof; to comply with the provisions of all
<br />insurance policies covering said premises, to comply with all laws, ordinances, regulations, covenants, conditions and restric-
<br />tions affecting such property; not to remove, demolish or materially alter any building, or the character or use thereof at any
<br />time thereon; notto drill orextract notto permit the drilling for or extraction ofoil, gas orother hydrocarbon substances, water,
<br />or any mineral of any kind unless the written consent of Beneficiary is had and obtained; not to commit or permit any waste
<br />thereof or any act upon such property in violation of law; to do all other acts in a timely and proper manner which from the
<br />character or use of such property may be reasonably necessary to protect and preserve said security, the specific enumerations
<br />herein not excluding the general.
<br />L('l INSTRUCTION OF iidPROVEMF.NTS: To complete in good and workmanlike manner tiny building or improvement or
<br />repair relating thereto which may be begun on such property or contemplated by the loan secured hereby, to pay when due all
<br />casts curd liabilities incurred therefor, and riot to permit any mechanic's lien against such property,'i'rustor also agrees, any
<br />thing in this heed ofTrusl to the vontrory notwithstanding; III) to promptly commence work and to tm
<br />Complete the proposed i
<br />wovementspromptIv, (b) tocnmpletesomeinaccordance with plans
<br />;uul pe< ificntionsas approvedbcHeneririarv,tr :ore \;•, .
<br />piy with ;ill of Ito- t.e=rtns of nnv building loan agreement hetwren Trustor and Renc•fiviam, the terms,•f which areinn,rpor :tted
<br />r,-in by reft-wncr :n tht• •:.tent, rxtenl :Is if full• t,„1 forth herein and manic a part I if rhl> ! li-Il • f r nst, nl 111 nlle % lien "firlar\
<br />a" :n�wr,t ,,,t h ir,,llertc .It .ill to me•, dt :nag rorlHtriICtLnl. and Ter r„ rl•plarl' ,In •.v, r ,:r olalcri u zoIiaf it, 'tnr, tI, Hear
<br />,., ,.II It toll f4tre l I',i. ill l \'4 : t1t1•r rlltun 11, lttl'I, front l;rlwh,'111 r' \' „f •,ll,'b fa,'t. �l ill,'!1 ,1: •l ::'r I11I1\ !•,•r;: \'..r1 ;,r I•;'I :.v( :,r !•\ rrt:.
<br />:+Srn "t ..r rrtt fern m.tli. �. ... :: !11,1 !awl v:..nwn :I,l ti rhea, •n' f,t P!'r,an;pai <r[e1: r .I t... :.vnr
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