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86- 102844 C04T_5:d
<br />This Dead of Trust Is made rhis28th day of May 19 W11 by and among T. J. NiehaiL,;
<br />Wig WIT — -N— ---� _(�_ _— 11
<br />W�-, Iflisband and e i WrbW leliauSbLreinafter referred t as "Tt7ustor,
<br />ms g q'j ck
<br />f' F 418 _At, , �qM 1 q., Arend R. Baa
<br />GraMT._fAJL,_U.='t.r - Fe to as "Truste.e." wtiosc mailing ad,iT;.7 i.—P. 0. BOX
<br />address THE MERIAND NATIONAL BANK OF CRAND ISLAND, hereinafter referred to as
<br />address is P. o, Box 1688, Crand Island, Nebraska 68802.
<br />For valuable ronsideration, Trustor Irrevocably grants, transfers, conveys and assigns to Trustee, in
<br />trumt, with power of sale, for the benefit and security of Beneficiary, under and subject to the terms and
<br />conditions of this Deed of Trust, the following - described property, located In Hall County,
<br />Nebraska, r.-wit:
<br />West Thiqy Six Feet Eight Inches i V."M518") of Lot Six (6) Block
<br />-t
<br />I nd 11
<br />County, Nebraska.
<br />together with all buildings, Improvements, fixtures, streets, allevs, passageways, easements, rights, privi-
<br />leges and appurtenances located thereon or In any way pertaining thereto, and the rents, issues, profits,
<br />reversions and the remainders thereof, including all such personal property that Is attached to the improve-
<br />ments so as to constitute a fixture, all of whirr, including replacements and additions thereto, are herebv
<br />declared to be a part of the real estate conveyed In trust herebv, it being agreed that all of the fore-
<br />' going shall be hereinafter rtterred to as the "Property."
<br />FOk THE PMIOSF OF F;ECLRINr:
<br />(a) the pavvient of Indebtedness evidenced ti v Trustor 's note If even date herewith in
<br />the j.x g��. Fifty-(
<br />ne PrIncipal sum of Six d S' s. 59�. 86, together
<br />'T'fnVV_ciz , or the principal and Interest on any
<br />with interest at he T.,7, Mp vVel
<br />future advance not t�, exceed the total principal sum initially secured hereby as evidenced
<br />by promissory notes,sLatfnK they are secured hereby, and any and all renewals, modifications
<br />and e7tenmious of such rotes, both principal and lnterest on the notes being payable In
<br />accordance with the terms set !orth -herein, which ry this referent is herebv made a part
<br />hereof;
<br />(b) the .c !. a.re ment and --t- hr ref r, rInLal.10; and
<br />(c) the payment of any sum -it -�. of mons-• vhl,,hn may be hereafter paid or advanced
<br />by qenefic lacy under the terms of th Is DecJ If :rust, z n get her with Interest thereon at the
<br />rate provided in thc rote.
<br />To protect the seC"rtt'.,' of ,Jf, L)eqj of Trust Tnnst >r hereby -vemants and agrees as
<br />1. partllf ll�ic!eh�edn when 4 the principal Interest on. the Indebted-
<br />_. _._.--'- --- __._....__.._.._ ' ,
<br />ness evidenced by the note. chtirrges, an-.1 al I other sims - L�.vided In file loar. instruments.
<br />1
<br />4.
<br />Title. Trustor I., the '3wne'r of the propl_rtv and has the right and authority to execute this
<br />Deed of ?rust in respect tai the property.
<br />'5. r.X,e and Ass_.msnt,%.
<br />To pa,-, .4,e.n due, ai.l tared, special assessments and all other charges
<br />against the property, before !he name Fece delinquent, arid. in the event Seneficiary shall so require,
<br />to add to the payments requltred sander the. note secisred hersliv, such amount. as may be sufficient to en-
<br />able Beneficiary to pay taxes, assessments or t,tl,er charges as they become due.
<br />4. Insurance. ro '6 op rle Impre-vc-9ts now or hereafter located on the real estate described
<br />herein Insured against damage by fir, and such ot`.jer hazards as nerief iciary mac require, in amounts and
<br />companies acceptable to Seoeflr.iAry, and witto loss payable to tteoeffclary
<br />In case of loss under such
<br />policies, Beneficiary is ilut)-rizvd to adjust, col sect and compr omf-e, In Its discretion• all elatms
<br />tliviewider arid, rat, fts soie olit!,w, 1, sq,;,!, ',i,, to the t+•stor.ticn r,f the
<br />property or upon, the 1odebt,,4iness secured herebv, but jlivMvrrs rellullryd by ',110 rote shall continue until
<br />the sums secured hereby are paid in fell,
<br />S. Real r� _W& a cj and pz!,mptiv repair, restore cr rebuild any buildings or Improve-
<br />%ents now or hereafter <ni the property; to keep the propertv in good coij-J•tion and repair, without waste
<br />mid free from mechanics or other Bens not express;, suh,,rd inated to the '!CTi liereof. to not make, suffer
<br />or permit any Y nuisance to exist nor to diminish or impair the value o, property ley any act or omission. to act; and to comply with all requirements of law with respect to the property,
<br />4. Condensation. In the event the property, or any part thereof, shall be taken by eminent domain,
<br />Beneficiary Is entitle, to collect and receive all campensation which ray he paid for any property taken
<br />or for damages to prepett-., not taken, and Beneficiary . j shall, apply such rompensati ort, at its option,
<br />either to a red-tirin of the lrlclebtedness secure' hereby or zo repair and restore the property so taken.
<br />7. Performance by Senet - ay. - ary. Beneficiary may, but shall have no obligation to, do any act which
<br />failed has agreed but fai*- to d -' -,I Beneficiary — also do any act it deems necessary to protect
<br />the lien hereof. Trustor agrees to repay, upon demand, an• sums so expended by Beneficiary for the
<br />above PurPosea. Lid any sum so expended by Beneficiary shall be added to the indebtedness secured here-
<br />_ by and become ..red by the lien hereof. Beneficiary shall not Incur any personal liability ".Cause or -
<br />anythIng it may d.:, air emit to do hereunder.
<br />R. Assignments of _Rtr.Ls. Beneficiary sllaZl have the right, power and authorlt-; during the con-
<br />- ttnuance of this deed of ' rrust to collect the rents, Issues and vruf1t,, of the property and of an} per-
<br />sOual property located thereon with or without taking of the property affected hereby, and
<br />T
<br />,rustor hereby absolutely and unconditiotially assigns all such rvnts. Issue, and profits to Beneficiary.
<br />beneticlary, kiowvor, hereby consents to -,rustj.>r's collection arid retention of such rents, Issues and
<br />profit. as they ..e -i! payable, - long, as 'r-t- Is noc, at such -,I-, in default with r-
<br />IPOct to P&VWent If any Indebtedness secured !:er'eby, or in tfie performance of an agreement hereunder.
<br />If any event of default described !1t-,reJftvr in respect to thi% Deed of trust sha'_I have and be
<br />7nttnnlng. PlCneftclary. as a sat of rigl;t art uIti-tkc no tic, r, 7re-,t,, ,r anyone ,latming: under
<br />lf's"', -1d 1I'hGU( 11"id tu the ',lu, of tr,,,- estate or ti.� 11.1tcre .
<br />!" of tie TuSLI, !he.retn,
<br />small lwa�. flAln't t" "pl"' r'� any t,, appoint s rl—ii, 1 I!!, I.%,;10r',.
<br />Afi'l"-" ,, its aga 1.'P''eot4't ..' c.lo e tr 2-d ent'r
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