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DEED OF TRUST $5- 004402
<br />TH18 DEED OF TRW, medethie . day of September tg8_,by and among _Edward F Mohr and _
<br />Carol M. Rohr who" mailing address is(Sir «t) 604 S. Madison (city) Grand Island, Nebraska
<br />Ntme and ZIP! AAA01 (heroin "Trustor "); and Bank of Doniphan, whose
<br />I NWIN gaadressle(Stroot) P.O. Box s (city)- ?oniphann_, (StateandZip) ebraska 6$$32
<br />(mairem "TrueNig -jand Bank of Doniphan, whose mailing address is (Street) P•0•13OX
<br />B ( Doniphan (StateandZip) Nebraska 6$$32 (herein- s.nenciary).
<br />FOR VALUABLE CONSIDERATION, Including the indebtedness Identified herein and the trust herein created, the receipt of which is hereby
<br />ockhs�d, Trustor irrevocably grants, transfers, conveys, and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and secur.
<br />Ity Of cry, under and subject to the terms and conditions of this Deed of Trust, the real property described as follows:
<br />Lot One (1) in Block Forty One (41) in Charles Vlasmer:s Addition and Part of
<br />Charles Wasmer"s Second Addition to the City of Grand Island, ?Mall County,
<br />'debraska.
<br />TOGETHER WITH, ale rents, profits, royalties, Income and other benefits derived from the real property; all leases or subleases covering the reel
<br />property Or any portion thereof, now or hereafter existing or entered Into, and all right, title and interest of Trustor thereunder, all interests, estate or
<br />011101 cMkle, Dote in law and In equity, which Trustor now has or may hereafter acquire in the reel property; all easements, rights -of -way, tons-
<br />merits, hWWhm erMs and appurlonartm thereof and thereto; all oil and gas rights and profits, water rights and water stock; all right, title and
<br />ktWW Of Trustor, now owned or hereafter acquired, in and to any land lying within the right -of -way of any steel or highway adjoining the real
<br />property, any and all buildings, fixtures, improvements, and appurtenances now or hereafter erected thereon or belonging thereto, (herein
<br />referred 10 AS !no or Improvements "); and any and all awards made for the taking by eminent domain, or by any proceeding or put-
<br />ohm in Neu theeof, of the whole or any part of the real property,
<br />AN Of 11110 foregoing estate, property and Interest hereby conveyed to Trustee heroin collectively referred to as the "Property ".
<br />THIS DEED OF TRUST SHALL SECURE:
<br />1141 Th OPaymsnt 0f indebtedness evidenced by Trustor's pots of even data herewith in the principle sum of Twenty Five Thousand
<br />,mo/100
<br />DONafs IS 25.000.00 1, together with Interest at the rate or rates provided therein, (herein, together with any and all
<br />r4nswus. mOdflcallons, and extensions thereof, referred to as Iha "Hole ") both principal and Interest on the Note being payable in accordance
<br />with the lams ON forth therein, reference to which is hereby made, he final payment of �r and Interest, if not sooner paid and If no
<br />rse 9OF&K MOditicatfons or extensions are made, dus and payable on 6 ep`eerWer 1 /�, ". -
<br />NM The performance of each agreement and covenant of Trustor herein contained; and
<br />(0) The payment of any sum or sums of money with interest thereon which may be hereafter paid or advanced under the terms of this Dead of
<br />Trust.
<br />010 The payment of any future advances necessary to protect the securlly or any future advance made at the option of the parties; and
<br />Is) The performance of an obligation of any other person named In this Trust Deed to a beneficiary . Ail,
<br />TO PROTECTTHE SECURITY OF THIS DEED OF TRUST, TRUSTOR HEREBY COVENANTS AND AGREES AS FOLLOWS:
<br />11. ftl Of IS and hNero t. Trustor shall promptly pay when due the principal of and interest on the indebtedness evidenced by the
<br />chrgasand losses provided In the Note, and the principal of and interest on any Future Advances secured by this Dead of Trust
<br />2. We nqf of TO& Trustor Is lawfully seized and possessed of good and indefeasible title and estate to the Property hereby conveyed and has
<br />1111116 debt to grant and convey the Property; the Property is free and clear of all hens and encumbrances except liens now of record; and Trustor
<br />x M Werard and defend the till@ 10 the Property against ail claims and demands.
<br />9. Mslrlf mmm ant Ca111PManea with Laws. Trustor shall keep the Property in good condition and repair and shall not commit waste or permit
<br />imliatnnant or deterioration of the Property and shall comply with the provisions of any 14430 if this Deed of Trust is on a leasehold. No improve -
<br />meM now Or 1 "Or erected upon the Property shall be *listed, removed or demolished without the prior written consent of Beneficiary. Trustor
<br />W" cOngly with Oil laws, ordinances, regulations, covenants, conditions and restrictions affecting the Property and not commit, suffer, or per.
<br />m" any act to bedone in or upon the Property In violation of any law, ordinance, regulation, covenant, condition or restriction. Trustor shall com-
<br />PfAW Or,4411000 prOmplly and In good workmanlike manner any improvement on the Properly which may be damaged or destroyed and pay, when
<br />due, ale OINme for labor performed and materials furnished therefore and for any alterations thereof.
<br />4. M1sufanoe. Truslor, at Its expense, will maintain with Insurors approved by Beneficiary, Inaurance with respect to the Improvements and per•
<br />SOON Property, constituting the Property, against We by fire, lightning, tornado, and other perils and hazards covered by standard extended
<br />cover4go endorsermnL In an amount equal to at Hal one hundred percent of the full replacement value thereof and Insurance against such
<br />Other hai'ards and In Such amounts as Is customarily carried by owners and operators of similar properties or as Beneficiary may require lot Its
<br />pr01est10n TrultOr will comply with such other requirements as Beneficiary may from time to time request for the protection by Insurance of the
<br />iMMaMa Of the respeOlive Parties. All Insurance policies maintained pursuant to this Deed of Trust shall name Truslor and Beneficiary as In-
<br />erMeda, all their resp40tive Interests may appear, and provide that there shall be no cancellation or modification without any less than 15 days
<br />Prior written notlRc4tlon to Trust" and Beneficiary. In the event any policy hereunder Is not renewed on or before 15 days prior to Its axpiratlon
<br />date, Trustee or Bonefkiery may procure such insurance in accordance with the provisions of paragraph 7 hereof. Truslor shall deliver to
<br />"WkU ry tin Or{pMsi policies of insurance and renewals thereof Of memo copies of such policies and renewals thereof. Failure 10 furnish
<br />ouch (naWarMe by ruetor, Or renewals 45 required hereunder shall, at Me option of Beneficiary, constitute a default.
<br />51 Tare, Auo"Msft, ant Cheryoa, Trustor *hall pay all taxes, assessments and other charges, including, without tlmilatlon, lines and Im-
<br />POOMO"o altrlbulable to the Prowy, and leasehold payments or ground rents. If any, before the some become deliquent. Trustor shall promptly
<br />furnish ro Bono110iMy alt notleea of amount* due under till• Paragraph. and in the event Trustor shall make Payment directly, Truslor shall prompt.
<br />�to 1 0 Wary receipts evidencing such payments. Trustor shall pay all tax*$ and assessments which may be levied upon
<br />s Interest herein or upon this Deed of Trust without regard to any law that may be enacted Imposing payment of the whole or any
<br />Part thorsof upon the Benefblary.
<br />L L J
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