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BENEFICIARY
<br />t
<br />�•�, 103289 1�'CO FINANCIAL SERVICES
<br />Q -v OF TR ilBT INTERN ATK) \AL, i?vC .
<br />Gt1NTOR(S); 773908277
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<br />:ST[i1D.EY RICHARD L.' STUDLEY LINDA S. j 416 WEST THIRD
<br />Y.4MIri w ►ewaH � - -
<br />633 EssT GRAND ISLAND NE 68801 GRAND ISLAND NEBRASKA
<br />RICHARD L. A LINDA 9. STUDLEY
<br />THM DEED OF TRUST, Made rbh..._ ,r + -.. .. ,-. — . 19_f _..—_, berwcen (HUSBAND-A! E� —
<br />and �
<br />herefnafter, called TRUS OR, %$Ou 633 T HA�� � �aAMw 'E . �• $QGERS
<br />e �r ,,afit Ikit t-M-, . whose address is ARA flMA lta fi81_i4
<br />_1Q33Q_.p,EGENt'Y PIC._]iRa- ,,_�,`L�a
<br />'arid pVCO FIhAtiCIAL Si R1 E1! 3� ts4vol,A lVt s Nebrw4ka cor{h'rarion, hereinafter called BENEFICIARY, whose address is
<br />i1A MZST...TBIED,,a.A_. M.
<br />WITNESSETIl: Thai Trustcu CR•ik N, sYl 't ilea c- t..l.� A �D WARRANTS TO TRUSTEE. IN TRUST. WITH POWER OF SALE, the following described
<br />praperf)i,'sitnated m� iiAl �.,. _ — County, Nebraska: A tract of land. comprising a part of Lot
<br />me- Joehnekle Subdivision in the Southeast quarter of Section Fifteen. (15 ), Township Eleven (11)
<br />Ncrtth; Rsage Nine (9) West of the 6th P.M., in Hall county, Nebraska, more particularly described
<br />sir';fo mss: innistg at a
<br />point on the Southeasterly line of MacAxth r Avenue, he the City of
<br />Graadlaad,l County, N braska, said point being Thirty Three ((33) feet Southeasterly land
<br />Three Htmdred- Thirty -Nine (339) feet Southwesterly from the Northeast corner of said Lot H
<br />JoeTnatekrs Subdivision; thence Southeasterly parallel to the Northeasterlyline of said Lot
<br />a distance of One Hundred Forty One and Six Tenths (141.6); thence Southwesterly parallel to
<br />t�
<br />the Northwesterly line of said Lot H' a distance of Fifty Eight (58) feet; thence Northwesterly,
<br />parallel to the Northeasterly line of said Lot "H ", a distance of One Hundred Forty One and Six
<br />Tenths (141.6) Feet to the Southeasterly line of MacArthur Avenue; thence Northeasterly parallel
<br />to the Northwesterly line of said Lot "Hit a distance of Fifty Eight (58) feet to the place of
<br />bcRinning.
<br />also known as 633 East MacArthurs Grand Island NEbraska 68801
<br />(Number and Street)
<br />together with all bud p ovenreatts now or hereafter erected thereon and all screens, awnings, shades, storm sash and blinds, and heating, lighting,
<br />p{umbing; gas, elecli i n�, n W. and air eoriditioning equipment used in connection wherewith, all of which, for the purpose of rice Deed of
<br />.Trust, shall be dee fix t gplj,�f ldHhe lien hereof, and the hereditaments and appurtenances pertaining to the property above described, and all
<br />streets; lanes, alleys, ssi LVl11S, tern wvt�ate�r coµtses7tl.hta liberties and privileges. whatsoever thereunto bzlonging or m anywise appertaining and the
<br />reversions and remain 71 of t67ricfii is tefe6e to hereinafter us ::e "premises ".
<br />TO HAVE AND TO HOLD the above - described premises, with the appurtenances and fixtures, unto the said Beneficiary, its successors and assigns, forever, for
<br />the purposes and uses herein set forth, free from all rights and benefits under and by virtue of any Homestead Lxemptton Laws of the State of Nebraska
<br />which may be enacted, which said rights and benefits the said Trustor does hereby expressly release and waives.
<br />Truster also assigns to Beneficiary all rents, issues and profits of said premises, granting the right to collect and use the same, with or With taking ppossession of
<br />the premiss, - during continuance of default hereunder, and dusting continuance of such default authorizing Beneficiary to enter upon said premises andror to collect
<br />and enforce die; mine without regard to adequacy of any security for the indebtedness hereby secured by any lawful means including appointment of a receiver in
<br />the name of any party hereto, and to apply the same less costs and expenses of operation and collection, including reasonable attorney's fees, upon any indebted -
<br />ness secured hereby, in such order as Beneficiary may determine.
<br />FOR THE PURPOSE OF SECURING: (1) Performance of each agreement of -ristor contained herein; (2) Payment of the principal sum with
<br />interest,, as ,provided in accordance with the terms and provisions of a Promissory \sate ; Loan Agreement thereinafter referred to as "promissory
<br />note ") dated Jtme 13, 1986 herewith executed by Truster and payable to the
<br />order of Beneficiary, in the principal sum of $ 12 70 A , and having the date of its final payment due on T vno 1 1996 or as extended, deferred or rescheduled by renewal or refin nee; (3) Payment of any additional advances, with interest
<br />thereon as may hereafter be loaned by BB^neficiary to Trustor in a maximum sum of S_=1 within 15 years from the date of this Deed of Trust;
<br />however, this paragraph does not constitute a commitment by Beneficiary to make future advances; (4) The payment of any money that may be advanced by the
<br />Beneficiary to Truster for any reason or to third parties, with interest thereon, where the amounts are advanced to protect the security in accordance with the
<br />covenants of this Deed of Trust; (5) Any renewal, refinancing or extension of said promissory note, or any other agreement to pay which may be substituted
<br />therefor.
<br />Ali `payments made by Trustor on the obligation secured by this Deed of Trust shall be applied in the following order:
<br />FIRST: To the payment of taxes and assessments that may be levied and assessed against said premises, insurance premiums, repairs, and all other charges
<br />and expenses.2greed to be paid by the Truster.
<br />SECOND: To the payment of interest due on said loan.
<br />THIRD: To the payment of principal.
<br />To PROTECT THE SECURITY HEREOF, TRUSTOR(S) COVENANTS AND AGREES: (1) 10 keep said premises insured against loss by fire and other
<br />hazards, casualty and contingencies up to the full value of all improvements for the protection of Beneficiary in such manner, in such amounts, and in such
<br />coinppaanies as Beneficiary may from time to nitric approve, and that loss proceeds (Jess expense of collection) shall, at Beneficiary's option. be applied on said
<br />indebtedness, whether due or not or to the restoration of said improvements. In event of loss Trustor will give immzdiate notice by mail to the Beneficiarv,
<br />who may _make proof of loss if not made promptly by Trustor, and each insurance company concerned is hereby authorized and directed to make payment for
<br />such loss directly to the Beneficiary instead of to the Trustor. (2) To pay all taxes and special assessments of any kind that have been or ntav N. levied or
<br />assessed upon said premises, and to delivery to Beneficiary, upon request of the Beneficiary. the official receipt shevvmg payment of all su-h taxes and
<br />utiessments. (3) In the event of default by Trustor under Paragraphs 1 or 2 above, Beneficiary, at its option, may (a) place and keep such insurance above
<br />.provided for in force throukhoat the life of this Deed of Trust and pay the reasonable premiums and charges therefor. (b) pay all said taxes and assessments
<br />without determkang the validity thereof; and (c) Pay such liens and all such disbursements shall be deemed a part of the indebtedness secured by this Deed of
<br />Trust sitil -Aidl be immediately due and payable by Trusior to Beneficiary. (4) To keep the buildings and other improvements now existing or hereafter
<br />erected is ppdd condition' acrd ro repair, not 'commit or suffer any waste or any use of said premises contrary to restrictions of record or contrary to la
<br />pp w, and
<br />to, permit Beneficiary to enter at all reasonable times for the purpose of inspecting the premises; not to remove or demolish any building thereon. to restore
<br />promptly and in a gold wad workmanlike manner any buildings which may be damaged or destroyed thereon, and to pay, when due, all claims fill labor performed
<br />wad inaterLts frrnistted therefor; (5) That, if a signer of the Promissory Note, he will pay, promptly the indebtedness secured hereby, and perform all other obliga-
<br />tions Its full compliance with the terms of said Promissory Note and this Deed of Trust. (6) That the time of payment of the indebtedness hereby secured, or of any
<br />portion thtaeof, may be extended or renewed, and any potions of the premises herein described may, without notice, be released from the lien bereot, without
<br />releasing or affecting the personal liability of any person or the priority of this Deed of Trust. f l) That be does hereby forever warrant and will forever defend th-
<br />tfiU &W pt swisien thereof against the lawful claims of any and all persons whatsoever.
<br />LIT M Mtrrl)AUY AGREED THAT:
<br />(0 Shssuld Trustor fail to make any payment or do any act as herein provided, or if any actiol or prix et dine ty c mmrnced which matrnatl: aitects
<br />benificiary's interest in the Premises, then Berieftciary, or Trustee, but without obligation to dos , and without rote. e 10 ca demand upon l u tor, and
<br />jiitht i Mea * Ttuitor from any obligation hereuodtu, may make or do the sans, and may pay', purchase. contest r, compromise any cnvumi ranee charge
<br />or lien, which in tM ipdgmenl of either appears to ail'ect mid property tend in cs r icing any such powets, incur am IratAm and rs}xnd whate'rr amount. in
<br />the abttduti'discretioa of Beneficiary ,I Trustee either may deem necessary therefor All runts so incurred or cxlwndeJ br Beneficiary ry Tru ce +hob he
<br />without drinani Immediately due and payable by rruswr, *hall beat' intetesi at the highest rate Ivimitted by tau. tlid shall t evured lien'bt
<br />(si 'Should the Prefniyes r;r any Part thereof Ile taken M reasistt 131 Any condMi'41inn pnarcedinv, Hcneficun shall 1w coined t„ all r :uulx•nsa;trn ,w -tell
<br />;,ncl .stNt paymerhts .herefer, and In apply the same en the ins)' •:dn v urccl hereby.
<br />431 ev acr rpilm paymeni of any su - * 4'y w utad .ewer ... dtl da y, o, s er he filing. 01 n tt c ( r i d n a "! dlilwn f • it It t U it tai
<br />%,*ov itv oldit to require ptompr pa. r co, ar vn due of an i,4rc: w n o, .e,ur t . .n r} I feiatt t t .t: t . I,-, - 1,!,
<br />I v b t tt t,tc.
<br />arty -cis llotisx na defaeir and 'A ,.tertian re+ wil, fA any unpaid balance of said it-Jeht it s It H n f r v . 11
<br />acurad hereby i; ;tar •nr,u re the "I.0 .hc;—t a• tti ,:@stn +ft, virtue Ivfint", ,iontempotarwt aeic sy;th.
<br />rs u. +a ts.sv 1 -rr.l ras- ar.r.aa.+h_,.tsvwr :..w (If;IGlNAL
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