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<br />86-- 105606
<br />DEED OF TRUST
<br />This Deed of Trust is made this lstt day of nrtoher , 19_jffi, by and among
<br />CALVARY APOSTOLIC CHURCH OF GRAM ISLAND, NEBRASKA
<br />hereinafter referred to as Trustor, whose mailing address is 515 So,ith Oak, :ranri TO%ind,
<br />Nebraska ; AREND R. BAACK, Attorney at Law, hereinafter referred to as "Ttvstee,"
<br />whose mailing address is P. 0. Box 790, Grand Island, Nebraska 68802; and HOME FEDERAL
<br />SAVINGS 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 Isiard, Nebraska
<br />68802.
<br />For valuable consideration., Trustor irrevocably grants, transfers, conveys and
<br />assigns to Trustee, in 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 County, Nebraska, to -wit.:
<br />LOTS ONE (1), TWO (2), FOUR (4)9 FIVE (S), AND SIX (6), OF PIER PARK SUBDIVISION OF
<br />PART OF BLOCK ELEVEN (11) KOEHLER SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />I ;:pith 311 buildings, improvements, fixtures, streets, alleys, passageways,
<br />easements, rignts, privileges and appurterances located thereon or in any way pertaining
<br />tneretc, and the rents, issues, profits, reversions and the remainders thereof, irclud-
<br />irq all such personal property that is attached to the improvements so as to constitute
<br />a fixture, all of which, including replacements 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 />ail of the foregoirg shall be hereinafter referred to as the "Property."
<br />FOR THE PURPOSE Of SECURING:
<br />(a) the payment of irdebtedres; evidenced by Truster's note of ever, date herewith
<br />i- the principal sum of ONE HUNDRED TWENTY THnt)gANn AND Nn/inn ------ __________oone-
<br />+ "$120,000.00 ), together with the balance of such irdebtedress, if rut sooner
<br />paid, due and payable orNovember 1 .2001 ; with interest at the rate or rates
<br />provided therein, along with the payment of all other sums, with interest thereor,
<br />advanced ir, accordance herewith to protect the security of this Deed of Trust,
<br />together with the principal and interest or any future advance as evidenced by
<br />promissory rotes statirg they are secured hereby, and any and all renewals, modifi-
<br />cations and extensions of such notes, loth principal and interest or the rotes
<br />being payable in accordance with the terms set forth therein, which by this refer -
<br />erce is hereby made a part. hereof. The holder hereof shall have the option to
<br />accelerate the maturity of the rote for which this mortgage is giver as security,
<br />at Dry time after the _ Sto loan year after first civirg the undersigned or
<br />the then owner of the aremises described hereir a wiitter notice three months
<br />in advance of its intent to do so. At no time shall the principal amount of the
<br />irdeotedness secured by this DeeC of Trust, rot including s�jms advanced in accord-
<br />ance herewith to protect Uhesecurity of the Deed of i -ust, exceed the original
<br />amount of the rote plus $ 0.00
<br />(b) the Derformarce of each agree pert and cove,- ❑rt. f Trustor herein cortained;
<br />and
<br />(c) the payment of any sum or sums of morey whir.h may to hereafter Paid or advancer
<br />by Beneficiary under the terms ofthis Deed ( ?f Tru51,, together With interest three--if,
<br />at the rate provided in the rote.
<br />,o p[otefCt the = >eEurity of this Deed Of 'P.., _.t, .•.i t. .i ��_ ?P... _UVF ?, `2h't• ;�r7 i, C €'F
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