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86--- 103869
<br />T
<br />f3LE0 OF TRUST
<br />This Deed of Trust is made this 9th day of July 19_ft6, by and among
<br />WHEELER STREET PARTNERSHIP
<br />hereinafter referred to as Trustdr, whose mailing address is 104 North Wheeler, Grand Island
<br />Nebraska ;JOHN R. BROWNELL, Attorney, at Law, hereinafter referred to as "Trustee,"
<br />whose, Meiling address is 231 S, LOCUST, Grand island, Nebraska 68802; and HOLE FEDERAL
<br />SAUINGS'AND LOAN ASSOCIATION OF GRAND' ISLAND, hereinafter referred to as "Beneficiary,"
<br />'whose mailing address is 221 South Locust Street, P. 0. Box 1009, Grand Island, Nebraska
<br />68902. ;
<br />For valuable consideration., Trustor irrevocably grants, transfers, conveys and
<br />assigns to Trustee, it trust, with power of sale, for the benefit and security of Bene-
<br />ficiary, under and subject to the terms and conditions of this Deed of Trust, the fol-
<br />lowing described property, located in HALL Courty, Nebraska, to -wit:
<br />THE WESTERLY TWO- THIRDS (213) OF LOT SEVEN (7), IN BLOCK EIGHTY -ONE (81) IN THE ORIGINAL
<br />TOWN, NOW CITY, OF GRAND ISLAND, HALL COUNTY, NEBRASKA, SAID ABSTRACT CONTAINING 63
<br />ENTRIES WITH EXHIBITS ATTACHED THERETO, LAST EXTENDED AND CERTIFIED TO JUNE 20, 1986,
<br />AT 8 :00 A.M. BY GRAND ISLAND ABSTRACT COMPANY;
<br />and
<br />ALL OF THE EASTERLY ONE -THIRD (1/3) OF LOT SEVEN (7) AND THE SOUTHERLY TWO - THIRDS (213)
<br />OF LOT EIGHT (8) IN BLOCK EIGHTY -ONE (81) IN THE ORIGINAL TOWN, NOW CITY, OF GRAND ISLAND
<br />HALL COUNTY, NEBRASKA, SAID ABSTRACT CONTAINING 19 ENTRIES WITH EXHIBITS ATTACHED
<br />THERETO, LAST EXTENDED AND CERTIFIED TO June 20, 1966, AT 8:00 A.M., BY GRAND ISLAND
<br />ABSTRACT COMPANY.
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways,
<br />easements, rights, privileges and appurtenances located thereor or in any way pertaining
<br />thereto, and the rents, issues, profits, reversions and the remainders thereof, includ-
<br />ing all such personal property that is attached to the improvements so as to constitute
<br />a. fixture, all of which, inciudir•g replacemerts and additions thereto, are hereby de-
<br />clared to be a part of the real estate conveyed it trust hereby, it being agreed that
<br />all of the foregoing shall be hereinafter referred to as the "Property."
<br />FOR THE PURPOSE OF SECURING:
<br />Via) the payment of irde'itedness eviderced by Trustor's rote of ever date herewith
<br />it the principal sum ofFOUR HUNDRED THIRTY EIGHT THOUSAND AND N9/199---------------
<br />($ 438,000.00), together with the balance of such irdebtedress, if not sooner
<br />paid, due and payable or August 1 1_�91 ; with interest at the rate or rates
<br />provided therein, along with the payment of all other sums, with interest thereon,
<br />advanced in accordance herewith to protect the security of this Deed of Trust,
<br />together with the principal and interest or ary future advance as evidenced by
<br />promissory notes stating they are secured hereby, nd oy and all renewals, modifi-
<br />cations and extersiors of such rotes, both principal and interest or the rotes
<br />being payable in acccirdarce with the terms set forth thereir, which by this refer-
<br />ence is hereby made 2i part hereof. The )older hereof' shall have the option to
<br />accelerate the maturity of the rote for which this mortgage is giver as security,
<br />at any time after the -0- loar year after first giving the undersigned or
<br />the then owner of the _remises described hereir a written notice three months
<br />in advance of its intent to do so. At ro time shall the principal amount of the
<br />indebtedness secured by this Deed of Trust, -ot including sums advanced in accord-
<br />ance herewith to protect thesacurity of the Deed of Trust, exceed the original
<br />amount of the note plus $ 0.00
<br />r overart c!f Trustor hereir contained;
<br />kb) the performance of each agreement and
<br />and
<br />(c) the payment of ary sinn or sums of money which may be hereafter paid or advarcec;
<br />by Bereficiary jr,der the terms of this Deed of Trust., together wit.h interi:?st thereor
<br />at the rate provided in the rote.
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