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86- 102705 DEED OF TRUST THiS DEED OF TRUST, made thia.._15.tki __ day of by" among l l and _ Lillian A. Caldwell, tsbanJand Wife iris prig address rslStrrtsl)____._Q l--- .... -_._ -. -- fcun ----- Donipha ----------- - -- Matis and zip) Nebraska 68832 __- {herein "TrusWI: and Bank of 30n1 lien__---------- -_ --.. whose moving awress isistrifelt.-II&M-1 _2Q Plum_St.�(city)�ni�ttan - -_- _state and Zip) - NE-- -68832 iMW*n Truslf**" > and mailing address is ISO feet) . 118-120 Plum icily)._.______ Qonip ha —__- __tstateandzip)_ Nebraska 68832 _, herein •Bansficiary-)- FOR VALUABLE CONSIDERATION, including the indebtedness Identified nere,n and the trust harem created. the receipt of whicn is hereby ackndwNdptrd. Trustor irrevocably grants, transfers, conveys, and assigns to Trustee. IN TRUST. WITH POWER OF SALE, for the benefit and recur. ity of Beneftciary, under and subject to the terms and conditions of this Deed of Trust. the real property described as follows: (See legal attac:Ed. TOGETHER WITH, all rents. profits, royalties, income and other benefits derived from the real property, all teases or subleases covering the real property or any portion thereof, now or hereafter existing or entered into, and all right. title and interest of Trustor thereunder, all interests, estate or otfie►claims. both In law and in equity, which Trustor now has or may hereafter acquire in the real property; all easements, rights -of -way, tene- ments, hereditsmants and appurtenances thereof and thereto; all oil and gaslights and profits, water rights and water stock: all right, title and intereat of Trustor, now owned or hereafter acquired, in and to any land lying within the right -of -way of any street or highway adjoining the real property, any and at! buildings, fixtures, improvements, and appurtenances now or hereafter erected thereo.. or belonging thereto. (herein referred to as'7mprovement" or Improvements "); and any and all awards made for the taking by eminent domain, or by any proceeding or pur- chase in lieu thereof, of the whole or any part of the real property AN of the foregoing estate, property and interest hereby conveyed to Trustee herein collect tveiy reterreo to as the "Property'. THIS DEED OF TRUST SHALL SECURE: (a) The payment of indebtedness evidenced by Trustor's note of even date herewith in the principle sum of _ -_ Seventeen Thousand - � NO,4100 $17,000.00 ---- Ian i - I, hagether with inieresr at the rate or rates provided theism, (herein, together with any and all renewals, Modifications, and extensions thereof, referred to as the '"Note ") both principal and interest on the Note being payable in accordance with the forma set forth therein. reference to which is hereby made, the final pa ment of principal and interest. it not sooner paid and if no renewals, modifications or extensions are made, dub .nd payable on May- - 15- ,199fL_ - -. (b) The performance of each agreement and covenant of Trustor herein contained, and (c) The payment of any sum or sums of money with interest thereon which may be hereafter paid or advanced under the terms of this Deed of Trust. (d) The payment of any future advances necessary to protect the security or any future advance made at the option of the parties; and (el The performance of an obligation of any other person named in this Trust Deed to a beneficiary TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR HEREBY COVE NANTS AND AGREES AS FOLLOWS: I- Payment of Pr111Cfpai and Interest. Trvstor shat! promptly pay when due the ormelpal of and interest on the indebtedness evidenced by the Note, and ail other charges lino fees as provided in the Note, and the principal of and interest on any Future Advances Secured by this Deed of Trust 2. Wet raaty of This. Trustor is lewluoy seized and possessed of good and mdeleasible tore and estate to the Property hereby conveyed and has the right to grant and convey the Property: the Property is free and clear of 0 liens and encumbrances except liens now of record; and Trustor *111 warrant and defend the tiffs to the Property against sit claims and demands 3. Whelan scrim w d Compflance with Laws. Trustor shall keep the Property m goon condition and repair and shall not commit waste or permit impairment or deterioration of the Property and shall comply with the provisions of any lease if this Deed of Trust is on a leasehold. No Improve- ment, now or hereafter erected upon the Property shall be allered, removed or demolished without the prior written Consent of Beneficiary. Trustor shaft comply with all taws, ordinances, regulations, covenants. conditions and restrictions affecting the Property and not commit• suffer, or per- mit any act to be done In or upon the Property m violation of any law, ordinance. regulation, covenant, condition or restriction. Trustor shall com- pMe or restore promptly and in good workmanlike manner any improvement on the Property which may be damaged or destroyed and pay, when dw, all claims for labor performed and materials furnisheo therefore and for any alterations thereof I. hiswaaae. Trustor, at its expense, will maintain with tnsurors approved by Beneficiary. insurance with respect to the improvements and per. sonal propalty, constituting the Property. against loss by fire, lightning, tornado. and other perils and hazards covered by standard extended coverage endorsamMt, in an amount Squat to at least one hundred percent of the full replacement value thereof and Insurance against such other hazards and in such amounts as is customarily carried by owners and operators of similar properties or as Beneficiary may require for its protection. Trustor will comply with such other requirements as Beneficiary may from time to time request for the protection by insurance of the interests of the respective parties- All insurance policies maintained pursuant to this Deed of Trust shall name Truslor and Beneficiary as in- sureds., as their respective interests may appear, and provide that there shall be no cancellation or modification without any less than 15 days prior written notification to Trustee and Beneficiary. in the event any policy hereunder is not renewed on or before 15 days prior to its expiration data, Trustee or Beneficiary may procure such insurance In accordance with the provisions of paragraph 7 hereof. Trustor shall deliver to Beneficiary the original policieis of insurance and renewals thereof or memo copies of such policies and renewals thereof Failure to furnish such Insurance by Trustor, of renewals as required hereunder shall, at the option of Beneficiary, constitute a default- s. Taxies. Assisla Ants. and Charges. Trustor shall pay sit taxes. assessments and other charges. including . without limitation. lines and im- positions attributable to the Property, and leasehold payments or ground rents, d any. before the same become delit)uent. Trustor shalt promptly runtish to Beneficiary all noticua of amounts Out under this paragraph, and in the event Trustor Shan make payment directly, Trustor shall prompt I, furnish to Beneficiary receipts evidencing such payments. Trustor shall pay all taxes and assessments which may be levied upon 6MMllClef 'e interest herein or upon this Deed of Trust without regard to any low that may be enacted imposing payment of the whole or any part thereof upon the Beneficiary . a t4