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DEED OF TRUST 86-" 107251
<br />This Deed of Trust is made this 18th_ day of nprpmhpr , 19_ar, , by and among
<br />BUCK'S MOVING AND STORAGE INC
<br />hereinafter referred to as Trustor, whose mailing address is E
<br />AREND R. BAACK, Attorney at Law, hereinafter referred o as Trustee,"
<br />whose mailing address is P. 0. Box 790, Grand Island, Nebraska 68802; and HOME FEDERAL
<br />SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAM, hereinafter referred to as "Beneficiary,"
<br />whose mailing address is 221 South Locust Street, P. 0. Box 1009, Grand Island, 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, Nebrasks, to -wit:
<br />Parcel 1: A tract of land comprising part of the Northeast Quarter of the Northeast Quar-
<br />ter (NEy'NEo) of Section Twenty One (21.), Township Eleven (11), North, Range Nine (9),
<br />West of the 6th P.m., in the City of Grand Island, Hall County, Nebraska, and more partic-
<br />ularly described as follows: Beginning at the intersection of the Westerly line of Elm
<br />Street with the Southerly line of Anna Street; thence running Southwesterly along the
<br />Southerly line of Anna Street a distance of Two Hundred Seventy Four (274) Feet to the
<br />East line of Cleburn Street as condemned by City Ordinance No. 1591, dated February 2,
<br />1938; thence running Southeasterly along the Easterly line of Cleburn Street a distance
<br />of One Hundred Forty (140) Feet; thence running Northeasterly parallel to the Southerly
<br />line of Anna Street a distance of Two Hundred Seventy Four (274) Feet to a point on the
<br />Westerly line of Elm Street; thence running Northwesterly along the Westerly line of Elm
<br />Street a distance of One Hundred Forty (140) Feet to the point of beginning, AND
<br />Parcel 2: All of Lots Six (6), Seven (7), Eight (8), Nine (9) and Ten (10), in Block
<br />Two (2), in South Park Addition to the city of Grand Island, County of Hail, State of
<br />Nebraska, less and except that part of Lot Ten (10) conveyed to William Frank by Quit
<br />Claim Deed dated April 12, 1912 from CB & Q Railroad Co.; subject to and reserving, howe-
<br />ver, unto Chicago, Burlington and Quincy Railroad Company, its tenants, (cant. on page 5)
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways,
<br />easements, rights, privileges and appurtenances located thereon 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, including replacements and additions thereto, are hereby de-
<br />clared to be a part of the real estate conveyed in 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 />(a) the payment of indebtedness evidenced by Trustor's note of even date herewith
<br />in the principal sum of ONE HUNDRED TWENTY THOUSAND AND NO /100 ------------------- --
<br />($120,000.00 ), together with the balance of such indebtedness, if iot sooner
<br />paid, due and payable on. January 1, 2001 ; 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 on. any future advance as evidenced by
<br />promissory notes stating they are secured hereby, and any and all renewals, modifi-
<br />cations and extensions of such notes, both principal and interest on the notes
<br />being payable in accordance with the terms set forth therein, which by this refer-
<br />ence is hereby made a part hereof. The holder hereof shall have the option to
<br />accelerate the maturity of the note for which this mortgage is given as security,
<br />at any time after the NA loan year after first giving the undersigned or
<br />the then owner of the premises described herein a written notice three months
<br />in advance of its intent to do so. At no time shall the principal amount of the
<br />indebtedness secured by this Deed of Trust, not including sums advanced in accord-
<br />ance herewith to protect thesecurity of the Deed of Trust, exceed the original
<br />amount of the note plus $ NA ;
<br />(b) the performance of each agreement and covenant of Trustor herein contained;
<br />and
<br />(c) the payment of any sum or sums of mon.cy which may be hereafter paid or advanced
<br />by Beneficiary under the terms ofthis Deed of Trust, together with interest thereon
<br />at the rate provided in the note.
<br />To protect the security of this Deed of Trust, Trustor hereby covenants and agrees
<br />as follows:
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