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DEED OF TRUST
<br />TM 0160 OF TRUST. me& this 10 day of September .18`85 , among
<br />Murphy Ice & Realty Co., a Nebraska Corporation
<br />ee.Truetor.
<br />ee Trustee. and
<br />as Beneficiary:
<br />First State Bank, Fremont, Nebraska
<br />First State Bank, Fremont, Nebraska
<br />WITNESSETH:
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<br />That Ttustor ifievoc:bC; grants. transfers and assigns to Trustee in trust, with power of sale, the following described
<br />properly:
<br />Lot Six (b) in Fractional Block Twelve (12) in Baker's Addition to the
<br />City of Grand Island, Nebraska.
<br />togalhof with all inlerest which Trustor crow has or may hereafter acquire in and to said property and in and to: jai all essements and rights of ay
<br />putananl thereto: and Ib) she buildings, structures, improvements, fixtures, equipment, furnishings and appurtenances now or hereafter Placed
<br />the oron. Trusts agrees to execute and deliver, from time to lime, such further instruments as may be rdouested by Beneficiary to confirm the lien of
<br />this Deed of Trust on any of the aforementioned property. The properly so conveyed hereunder is hereinafter referred to as "such property
<br />The Trustor absolulalY and irrevocably grants, transfers and assigns to Beneficiary the fans, income, issues, and Profits of all property covered by
<br />this Deed of Trust.
<br />FOR THE PURPOSE OF SECURM:
<br />A. payment of the principal sum of Fifty Six Thousand and no /100 Dollars ---------------------------
<br />eelf — by "het certain promissory note dated of even date herewith (heninalrn referred to as the "Promissory Note ") issued by Trustor in said
<br />amosoom and payabh to the order of Beneficiary, together with interest thereon, late charges and prepayment bonuses according to the terms of the
<br />promissory Note and all r als, extensions and modifications thereof,
<br />•, Parfoomonce, leach age of and compliance with every obligation, covenant and agreement of Trustor incorporated by referents of contained
<br />haven or in Silty other sacurdy agreement or dead of trust at any time given to secure any indebtedness hereby secured, or any part thereof,
<br />C, payment of all fees Sind charges of Beneficiary, whether of flat set forth herein.
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR COVENANTS:
<br />1. Tffte: Theo dos lawfully earned and possessed of a good and indefeasible title and estate to such property in fee simple and will forever warrant and
<br />defend the Ii1N ttw*to against the claims and demands of all persons whosoever; That it will, at its expense. maintain and preserve the lien of this
<br />Deed of Trust as a feel and paramount ken upon such property.
<br />t. MNMSinSiea s: To keep such ptopMtY in good condition and repair; to complete or restore promptly and in good and workmanlike manner any
<br />&,. Ion iry which may be constructed, damaged or destroyed thereon and t0 pay. when due, all claims for labor performed and materiels furnished
<br />tharafo, and for Sins aharariona Iherlol; to Comply with the provisions of restrictions affecting such poopefty; not to remove, demolish of materially
<br />after arty building, or the character or use thereof al any time thereon: not to drill or extract not to permit the drdling for or extraction of od, gas of
<br />other hydrocarbon substances a any mineral of any kind unless the written consent of Benaficiary, is first had and obtained: not to commit Of World
<br />Sinn wepe Iharao) or any act upon such properly M violation of law; To do an other &CTS in a timely and proper manned which from the character or use
<br />as a mh peopaaty may be ressonablY necessary to protect and preserve said aeCUP111Y, the specific enumerations heron not oxekrdeng the gantries
<br />3, C WAVkndWR of ImpeveneMS; To complete in good and workmanlike manner any building or Improvement of repair totaling tharato which may
<br />be Iwtuxn on such property of Contemplated by the loan socured hereby, To pay when due all costs and kabildiel incurred th*fefor, and not to Ommft
<br />any a switirsrclidn hen against Such property. Trusla also agrees, anything on this Dead of Trust to the contrary notwithstanding: 10) to prompNy cam
<br />a wCa work and to condolole tho proposed improvements trromplly.lbl to complete some in accordance with plans and specifications as approved by
<br />trlvnetiCMfy,lcllo comply with &Hof she tarms of any construction loonegfesmanl between Trustor and Beneficisfy(dl to SNOW BeneoliciarY to Inspect
<br />such proWy at all longs dining ronstruction, and (a) 10 replace any walk or mSlofials unsalrslaclory 10 Beneficiary, within fitleen 1151 days Sifter
<br />wool" notice from Sonoficiary of such fact, which notice may be given to Trustor by registered of certified mad, sent to NO Nat known addhoss, Of
<br />by senatorial wit" of the Same.
<br />e, Fire aloe Casually kewonee: To keep such Propotly insured agarnst ions or damage by firs and filler risk at risks welch, in the opoi nan of
<br />(Beneficiary should be neured against, under 1101#010% of n6urorKe with loss paystifa to Beneficiary In farm, amount and ComparneS acceplable to
<br />tenaffciafy. Sold positive shall be delivered to and roman in possession of Beneficiary as further securely for the faithful perlamarnte of these obbga
<br />thxe, wNch dobvefy " Conarduts OR assignment by Tfuarot to Beneficiary to all rights thereunder, nckrdtng all relurn Premiums; to delrvor to
<br />bnahctary a Inflict, a pokctes renewing at **tending anv expetng Insurance wdh a raceipl showing premiums pelf at Mast thetY190) days before Six
<br />,wedion. N t"jor Ia1N to so deliver any renewal pokcree. BMMIN:iary rosy procure Such Insuronco as it may elect and may make pavinonl of
<br />arernka is Ihwson, which paYmont is repayable on demand Neither Trustee not Beneficiary shall he responsible lot Obtaining at mantan" such hi
<br />durance, ten if4fivy. from hot* to brn0: may ItImish to any m*urarnca agency at company, of any onhot poison, ally tnformalton comaeed In or eF
<br />traofed from cry nswame policy theretofore dekvef cif In flanehcf *ry pursuant herein, and any iflfofmab0n concerning the loan secured hereby. In no
<br />even" are whetlnar of not dafoull hereunder has occirred shall Benalrctary, by the fact or eppfowng. accepting of obtaining Such mutants, Incur any
<br />tebexy last the amount of such nsursnce, the form Of legal sull- fence of mSix*nee contiscIa. solvency of insurvis, of Paytnenl df fosse/ by mowers.
<br />and trial*( harebto ONVOSely assumes IuN f0sp0ns+Mkly tie ti, *red IuMldy If any IhOtoundet In the event of last. Ttustof shall give immediate
<br />rwdton ntwo to Beneficiary, and Bodiabselafor may, tfut it not obkg *led to, make ptoul of b *s d not made promptiv by Ttustot In cost of any Mss rte
<br />*matins coMtted irrfdas any P06CY of - 1t'llOmf on staff Pfupefty may. at I cal option of Ih* BOnalrtiMy. be apposed list t11te1nG ialy upon any n
<br />douladn*es and-or otdfgarinn socwad hereby *red In stwh olds, end smnunt as B*nebr.iay -ray determine. of said amount or any pmtfon thesof may.
<br />a" the o0on of the Benaflr.'lmis, Olther he used in IRViM.Irq 0f ,e tonnW Iho .mP /nVern0,11e pebalty aI IniaNy desunyed to a rand. Mn satlslactav Io
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