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DEED OF TRUST
<br />1986 , between
<br />as Trustor,
<br />irrevocably grants, transfers and assigns to Trustee in trust, with power of sale, the following described
<br />Lots Three (3) and Four (4), Sle ^k Thirty Eight (38), in the Original Town,
<br />now city of Grand Island, Hall County, Nebraska
<br />together with all interest which Trustor now has or may hereafter acquire in and to said property and in and to: (a) all
<br />eassmeots and rights of way appurtenant thereto; (b) all tenements, hereditaments, buildings, structures, improvements,
<br />fixtures, equipment, furnishings and appurtenances now or hereafter placed thereon; (c) all leasehold estsb. right lift,
<br />and interest of Trustor in and to all losses or subleases thereof or any portion thereof now or hereafter existing or entered
<br />into, and all right, lift, and interestofTrustor thereunder, including, without limitation, all cash or security deposits, advance
<br />rentals: and deposits or payments of similar nature, and (d) all mineral, oil, gas rights and profits, water, water rights, and
<br />water stock. Trustor sprees to execute and deliver, from time to time, such further instruments as may he requested by
<br />Beneficiary in form and substance satisfactory to Beneficiary to confirm the lien of this Deed of Trust on any of the
<br />aforementioned properly. The property so conveyed to Trustee hereunder is hereinafter referred to as "such property ".
<br />The Trustor absolutely and irrevocably grants, transfers and assigns to Beneficiary the rents, income, issues, and profits
<br />of all covered by this Deed of Trust.
<br />FOR THE PURPOSE OF SECURING:
<br />1. Payment of the principal sum of Thirty two thousand and no /100----- - - - - --
<br />----------------- ($32,000.00) Dollars-------- -- - --
<br />evidenced by the certain promissory note dated of even date herewith (hereinafter referred to as the "Promissory Note')
<br />exenuledtFy Everett Morris Pool and Marlene Pool, husband & wife, as joint tenants with
<br />in said amount and payable to the order of Beneficiary maturing on oct -aher 24, 1941
<br />together with interest thereon, late charges, and prepayment bonuses according to the terms of the Promissory Note
<br />and all renewals, extensions, and modifications thereof.
<br />2. Performance, discharge of and compliance with every obligation, covenant and agreement of Trustor incorporated by
<br />reference or contained herein or in any other security agreement or deed of trust at any time given to secure any
<br />indebtedness hereby secured, or any part thereof.
<br />3. Payment of all fees and charges of Beneficiary or Trustee, whether or not set forth herein.
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR COVENANTS:
<br />That it is lawfully seized and posssseed of a good and indefeasible title and estate to all of such property In fee
<br />N from any prior lion or encumbrance, has good right and lawful authority to convey the same, and will forayer
<br />utd defend the #we* against the claims and demands of all persons whosoever, that it will, at its expense,
<br />w4 reasrve the lien of this Deed of Trust as a WM and paramount lien upon such property.
<br />condition and repair, to complete or restore promptly and In good and
<br />mstrucled: damaged or destroyed thereon and to pay, when due, all
<br />therefore and for any alterations thersot; to comply with the provisions
<br />comply with all laws, ordinances, regulations, covenants. Conditions
<br />rove, demolish or materially altar any building, or the character or use
<br />security, the
<br />and workmanlike manner any building or improvement or
<br />wnlemplated by the loan secured hereby, to pay when due
<br />achanic's lien against such property. Trustor also agraos,
<br />r (a) to promptly commence work and to complete the
<br />oordence with plans and specifications as approved by
<br />1'agraernent between Trustor and Bsnef diary, the terms of
<br />aIt fully set forth herein and mad* a part of this Dead of
<br />tree during construction. and (a) to replace any work or
<br />i after writl*r) notice from Beneficiary of such fact, which
<br />nt to his ISO known address, or by personal service of the
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