|
s
<br />In
<br />85-- 003732
<br />This Deed of Trust is made _his 2nd day _°zu. -c St -- 5
<br />lknin and Y� Mal-T,
<br />and aaaat:g ?`2111121 ?.
<br />hereinafter referred to as rustoz,
<br />,`Arose mailing sddress is - •
<br />Attorney Grand L�r, hereinafter referred to as "Trusteewhose mailing address is_ - � . (j--
<br />SSY3i8r ISlase m.: ; and TIM - WIMLMM NATIONAL RANT. tTF i:BAND 1S*. SN'D, hereinafter referred to as
<br />"5mericiarv," whose mailing address is F. n. Balt 1583, Grand Island, Nebraska 6W2.
<br />For valuable consideration, Truster irrevocably ¢rants, transfers, conveys and assigns : Trustee, in
<br />pacer trust, with par of sale, for the benefit and set uritr of Beneficiary, under and subject to the terms and
<br />T
<br />ceaaditions of this of rust, the follaving _descriTed property, located in Hall Caunty,
<br />Nebraska, to -wit:
<br />Eight i8) 4mich- CT-1-S Third Sabdiv idioll Hall C &�Unry . - ram .
<br />together with all buildings, improrements, fixtures, street >, allevs, passageways, easements, rights, �riri-
<br />leges and appurtenances located thereon or in acv war pertai. -ung *_hezata, and the rents, issues, proffts,
<br />reversions and the remainders thereii, including all such personal grape. -ty that is attached to the improve-
<br />al so as Lc constitute s fixture, all of which, including replacements and additions thereto, are hereby
<br />declared to he a Dart of she real estate canveyed in trust hereby, it being agreed that all cf the fare -
<br />going shall be hereinafter referred to as the "Properry -"
<br />:OR THE P- MPt3S£ 6F S£CMING:
<br />(a) the payment of indebtedness evidenced by Trustar's note of even date herewith in
<br />the principal sax of ert� —Sax Thousand and No: 100 (s 26-000.00 ), together
<br />with interest at the rate or rates provided therein, or the priicipa and interest an any
<br />:ut:tze advance not to exceed the iota'_ principal sum initially secures hereby as evidenced
<br />by pramissary notes stating they are secured hereby, and any and ail renewals, taodificat i.a,,s
<br />and extensians of such notes, both principal and interest an the notes being - ab in
<br />accordance with the terms set forth therein, which by this ref
<br />hereof; iaerence is ezebv made s - par:
<br />(-) the -,serf CrtparrC <_ u. eazn �'- eem2:12 and . ^:.y_ ^, ani .r...".Li ^r h,rei:! - ^antai'_3ed: and
<br />(c) the payment of any sum or sums cf mane_:' wh :c. ^. =v :,e her28fLEr _DHid Jr adl'�CeC
<br />by Beneficiary under the teams of this Deed of '_' rust, together with interest thereon at the
<br />rate provided in the note_
<br />_o protect the security of this Deed o; Trust. Truster hereby covenants and agrees as follows:
<br />l- Payment of Indebtedness. To par clam due, tie . 4
<br />� p
<br />nrincal or. and t.._ interest an, the indebted-
<br />ness evidenced by the note. t:harges, fees and all other sums as provided 3n -the loan instruments.
<br />-- Title_ Trastoz is the owner of rile nropert^ and has the right and nut _-:crit_y
<br />Deed cf Trus: in respect to the rroperty. - exec;:Le t: ^.is
<br />3. Taxes and ?Assessments. To pay, when due, all taxes, special assessments
<br />against the property, and all other charges
<br />I the same become delinquent, and, in the event 3eneficiary shall so recuire,
<br />to add to the payments required under the note secured hereby, such atswunt as ashy be sufficient to en-
<br />able Beneficiary to pay such taxes, assessments or other charges as r= become due.
<br />Insurance_ To keep the improvements now or hereafter located on the real estate described
<br />herein insured against damage by fire and such other hazards as Benefician may require, in amounts and
<br />companies acceptable to Beneficiary, and with loss savable to Benefici.arv. In case of loss under such
<br />policies. Beneficiary is authorized to adjust, collect and compromise, in its discretion, all claims
<br />thereunder and, at its sole otian, is authorized to _Airier aptly ti:e proceeds to the restorati ^: tie
<br />property or upon the indebtedness secured hereby, but payments required fir
<br />the sums secured hereby are paid in c ull. the rote shat continue until
<br />3. Repair, Maintenance and Use. To promptly repair, restore or rebuild any huildings or improve-
<br />ments now or hereafter am the property; to keep the property in good condition and repair, without waste
<br />and free from mechanics or other liens not expressiv subordinated to the lien hereof; to not make, suffer
<br />or permit any nuisance to exist nor to diminish or impair tine value of the property by any act or amissian
<br />to act; and to comply with all requirements cf law with respect to the property.
<br />5. Condemnation. In the event the property, or anv part thereof, shall be taken by eminent domain:,
<br />Beneficiary is entitled to collect and receive all compensation which may be paid for any pzaersken
<br />or for damages to property not taken, and Beneficiary shall apply property ta
<br />such compensation, at its
<br />option'
<br />either to a reduction of the indebtedness secured hereby or to repair and restore the property so taken.
<br />7. Performance by Beneficiary. Beneficiary may, but shall have no obligation to, do anv act which
<br />Trustoz tans agrced but failed to do, and Beneficiary may also do any act it deems necessary to protect
<br />the lion hereof. Trustor agrees to repay, upon demand, any sass so expended by Beneficiary for the
<br />above purposes' and any am so expanded by Beneficiary shall be added to the indebtedness secured here-
<br />by and become secured by the lien hereof. Beneficiary shall not incur any personal liability because of
<br />anything it mav do or omit to do hereunder.
<br />3. Aasi. is of rents. Beneficiary shall have the right_, power and authority during the con -
<br />tinuaaace of this heed of Trust to collect the rents, issues and profits of the property and of any per -
<br />sosal property located thereon with or without taking possession of the -,raper, affected hereby, and
<br />on
<br />Truster hereby absolutely and uncanditially assigns all such rents, is ".. and profits to Beneficiary.
<br />Beneficiary, however, hereby COMSents to Trustor's collection and retention of shah rents, issues and
<br />Profits as they accrue and become payable, so long as Trustor is not, at such time, in default . with re-
<br />spect to payment of any indebtedness secured hereby, or in the Performance of anv agre t hereunder.
<br />If any of default described hereafter is respect to this (reed of Trust &hell 'nays accurred and be
<br />tc>aat inauimg, beneficiary. as a mattes o% rigi:t and wi.thnut notice to Trust ar or rryatne claiming under
<br />brustoz, and withraut zegasd itch the value t
<br />o: the trust es ate or on interest of the Trustor zher€i.n,
<br />shall have the right to apply t, auv court .having _ a.,.ct;c,ra to appoint r receiver of the ra
<br />pert'.
<br />®.. d ettlona. Be.mef9cAar,-, or its agent,:, representat ivet. .r w, -ikmv€ c. are authorised t, e. ter
<br />at X23• reasonable time upon or in anv ;,art of .hr nro'p.ert,' f„ the spot.. :' li1.Ci•av t. na thf-
<br />for the purpose of ser%arm4Dffi aD; c.' the acts It : r$� uice� thi: terwa� :.t s
<br />lsastr is raetu ed � >y :rust or. - _ :uar,
<br />_D. 7zasssfez oaf Pr rte'. if -
<br />ail aaart ce:
<br />--_ nW11 � ,.. an,
<br />R
<br />
|