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85-a. 002406 CORTS d `
<br />DEED OF TRUST
<br />afld Dead 'oTf Trust 1s wade thlsfday of Arrril 19OL_, by and among HAWd
<br />whoss m tiling addresa i re !a , hereinafter referred to as "Trustor,"
<br />Attomray at Lear, hereinatt erred toes rwtes, whose selling address is
<br />• and TUC O ERLAND NATIONAL BANE Of GRAND ISLAND, hereioafter referred to u
<br />"Beaefieiafy, mailing address Is P. 0. Box 1688, Grand island, Nebraska 68802;
<br />For valuable amalderstlon, Trustor Irrevocably grant*, transfers, convoys and "signs to Trustee, In
<br />trust, with potnnr of sale, for the benefit and security of Beneficiary, under and subject to the terns and
<br />canditiams of this Deed of Trust, the followift"eseribod property, located in W1 County.
<br />Nebraska. to -pit:
<br />See Attached Exhibit A
<br />together with all buildings, ltnprovements, fixtures, streets, alleys, passageways, easements, rights, privi-
<br />leges and appurtenances located thereon or in any way pertaining thereto, and the rents, issues, profits,
<br />reversions and the remainders thereof, including all such personal property that is attached to the isprove-
<br />assts so as to constitute a fixture, all of which, including replacements and addition* thereto, are hereby
<br />declared to be a part of the real estate conveyed in trust hereby, it being agreed that all of the fore-
<br />going shall be hereinafter referred to as the "Property."
<br />FOR THE PURPOSE OF SECURING:
<br />(in the payment of a }eyi¢,l,nted �Trto ote of even date herewit h in
<br />tlm $(a) the pay en P1 n r�s6 RR together
<br />with latereat at the rat a l7fdfincipal sad interest on say
<br />future advance not to axes" the total principal sum initially secured hereby as evidenced
<br />by promissory notes ststlag they are secured hereby, and any and all removals, modifications
<br />and extension* of such notes, both principal and interest an the notes being payable in
<br />accordance with the term set forth therein, which by this reference is hereby made a part
<br />hereof;
<br />(b) the performance of each agreement and covenant of Trustor heroin contained; and
<br />(c) the payment of any seat or Buss of money which may be hereafter paid or advanced
<br />by Beneficiary under the terns of this Deed of Trust, together with interest thereat at the
<br />!Ate provided in the note.
<br />To protect the security of this Dead of Trust. Trustor hereby covenants and agrees as follows:
<br />1. Payment of Indebtedness. To pay w!--.n due, the principal of. and the interest on, the indebted -
<br />ness evidenced by the note, charges, fees and all other sums as provided In the loan Instruments.
<br />i. Title. Trustor is the owner of the property and has the right and authority to execute this
<br />Deed of Trust In respect to the property.
<br />3. Taxes and Assam!! ats. To pay, when due, all taxes, special assessments and all other charges
<br />against the property, ;;fore the Bans become delinquent, and, in the event Beneficiary shall so require.
<br />to add to the payments required mtdar the note secured hereby, such aapunt an way be sufficient to en-
<br />able Beneficiary to pay such taxes, a*alasments or other charges as they become due.
<br />4. jatnEaoga. To keep the toprovensete now or hereafter located on the real estate described
<br />hotels insured against damage by fire and such other hazards as Beneficiary may require, in amounts and
<br />companies acceptable to Beneficiary, and with loss payable to Beneficiary. In case of lose under such
<br />Policies. Bomsftetary is authorised to adjust, collect and compromise, in its discretion, all claim
<br />thereunder and. at its sole ttptIOR. is authorized to either apply the proceeds to t}s restoration of the
<br />Property or upon the indebtedness secured hereby, but payments required ce the note shall continue until
<br />the .ems secured hereby are paid in full. by
<br />S. it Maintenance and Use. To promptly repair, restore or rebuild any buildings or improve-
<br />s now or hereafter an the property; to keep the property in good condition and repair, without taste
<br />and free from mecbanics or other liens not expressly subordinated to the lion hereof; to not make, suffer
<br />of Permit any uulsanc* to exist nor to diminish or lmpalr the value of the property by any act or omission
<br />to act; and to conwaly with all requirements of law with respect to the property.
<br />6• Sion. In the event the property, or any part thereof, shall be taken by eminent domain,
<br />Beneficiary is entitled to collect and rec;ivs all coapsnsation which may be paid for any property taken
<br />of for darag;s to property not taken, and Beneficiary shall apply such c
<br />sltAst to • reduction of ties Indebtedness secured hereby or to repair udrenst®rsothe *trite optian ,
<br />p ap;rty so taken
<br />.
<br />T• o e b aneticl�r�. Beneficiary may, but Mall have no obligation to, do any act which
<br />Truster has agreed but ,ailed to do, and Betefic'la m also do an set it dews necessary to
<br />the lies hxfoof. Trustor egress to repay. u rY X Y ry protect
<br />P X, pan demand, any emus so expended by Beneficiary for the
<br />Purposes. and any am !a expelled by Beneficiary shall be added to the Indebtedness secured here-
<br />by eod bacon secured by the lien hereof. Beoficlary shall not incur any personal liability because of
<br />anything It may do or omit to do hereunter.
<br />A. & ai s of R,apn�, eetaeEiclerY shall have the right, power and authority During the con-
<br />s a this Dar" 0 , Trust to collstt the routs, Issues and profits of the property and of at
<br />pr tY located thereon with OT without taking ff t X per'
<br />Trustee bot;by absolutely and mcoadltlonally *4818" nA possession st the pr.sarty profited hereby, end
<br />le4eryr r, hereby Consents to Truotor's collection headnretention ®off suchorent*, ®too"" aanidry.
<br />Prefift es tbey accrue and became payable, se Long as Trustor is net, at such time , in default with re-
<br />sf to ps out �eteea" l described "reaftredlherreby, or to the performance of any agreement hereunder. say event e Is Beneficiary- as *meter of right end ww"Dut noticeto Trustor tor anyone claiming claiming Under be
<br />Truster. and wit r vd to the value of the ttUnt @state or the Interest of the Truster thereln,
<br />11 the right to apply to any court having ) +ur:B�Iietlon to appoint a recelvor of the property.
<br />1, uaficlary, or`l$ a B te, rsprosentsttivfs or workmen. are authorised to enter
<br />at any ro ♦ time of to any part of the property
<br />fort per o! performing arty rrf the a..;ts it is tharlted to purpose of r the the sane and
<br />inetr tae sited by Trwatot.
<br />perform tateter the terms .rf any lost
<br />or e"v part of she property or any Interest of fru "tar thert+hn
<br />M
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