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9 /n� � Deed of Trust
<br />Aw
<br />ar:x ��� oU�o�
<br />THiS DEED QF TRUST is made this __lltll __ day of _2kt,0bLer 19 -8� . by and between ___R0"_1_
<br />dLrsi. - - - --
<br />A Si nol e Person - __ - -_ __ ________ .------ - - - - -- whether one or more, (hereinafter called the "Trustor').
<br />whose mailing address is` ° - --
<br />NORWEST BANK _liEiLT_d.S�Sd Nat<14n _ i aiLQ- - - - - -- fh reina r called tie "Trustee "i. whose mailing address is
<br />p,Q.�fl °x 1768- firanch lair L,NeAr. OR EST K Ne�ras�Ca ational ASSOC1at10n _ (hereinafter
<br />1 man s anT'�raska- 58802
<br />caned the "beneficiary"), whose mailing address is __ -- OX . - -_ - -? ----------- ------ t___- - -_ -- ----- '--- - - - - -- -- - - --
<br />WITNESSETH:
<br />iF THIS BOX IS CHECKED I` J THiS DEED OF TRUST CONSTITUTES A CONSTRUCTION
<br />SECURITY AGREEMENT UNDER THE NEBRASKA CONSTRUCTION LiEN ACT AND CREATES.
<br />GRANTS AND CONSTITUTES A CONSTRUCTION SECURITY INTEREST IN THE PROPERTY
<br />DESCRIBED HEREINBELOW.
<br />to ndebted to Beneficiary in the principal sum of F f-te-en Thous- and_drLd_Q -Q1.1Q - -- -- -
<br />WHEREII. r
<br />a(� �� ,ote d ted Ober 11 19 , ! erernafter
<br />Dollars i$ —U-- - ), which indebtedness is evidenced bTrustor's promissory r
<br />r-
<br />tfiD 1
<br />called the "Note'). payable to the order of Beneficiary and having a rnarunr of o VI_ _e _--
<br />NOW. THEREFORE, for the purpose of securing
<br />tai payment of the Note, together with interest thereon, late charges, prepayment penalties. any future advances. and all extensions,
<br />modifications. substitutions and renewals thereof,
<br />.'b) payment of all other sums, fees or charges. together with Interest thereon, advanced to protect trio serunry of this Deed of Trust and
<br />the performance of the covenants and agreements of Trustor, whether or not set forth herein,
<br />(e) performance. discharge of and compliance with every term, covenant, obligation and agreement of Trustor contained herein or
<br />incorporated by reference or any other security instrument at anytime given to secure the Note, and
<br />other sums or future advances, with interest fheieon. which may heretofore have been or hereafter be advanced
<br />fill the repayment of all
<br />by Beneficiary to Trustor or Trustor's successor In interest or title.
<br />all of which is hereinafter collectively called the Indebtedness . Trustor Irrevocably grants and transfers to Trustee. in trust. WITH POWER
<br />OF SALE. the following described property
<br />Easterly Twenty -seven and Forty Eight Hundredths (27.48) Feet
<br />Lot Eight (8) and the
<br />Lot Nine (9) in Dean's Subdivision in the Southwest Quarter (SW's) of Section
<br />of
<br />Three (3), Township Eleven (11) North, Range Nine (9) West of the 6th P.M., Hall
<br />County, Nebraska.
<br />addions, enlargements, rrroddicatiors• repairs. rep ?acements. and improvements new or hereafter
<br />d
<br />rogether firth (t) all buildings. structures.
<br />machinery and fixtures nncluorng, without lunrtancn, all iIghfing ,heating, ventilating. cooling, all
<br />,located thereon. (ii) al! equipment,
<br />systems. engines. boiiers, ranges. ovens, dishwashers. mirrors and mantels,
<br />conditioning. sprinkling and plumbing fixtures. water and power
<br />burners, elevators and motors, refrigeration plants or units, communication systems, dynamos• rransforrnerSr electrical
<br />carpeting. furnaces. oil
<br />equipment, storm and screen windows, doors. awnings and shades) now or hereafter attacred !o. or ':ui!r in. ;any building or rrnprovement
<br />tide and Interest Cf
<br />how or hereafter located thereon. Iii,i ail easements and rights of way appurtenant fhernfo. lvi, au ;easehO(d estate. right.
<br />6.maanon. ai! cash and secur fy rfeposrts.
<br />Trustor ;n and to ail leases, whether now of hereafter existing or entered Into irnmaing..vrrhour
<br />;5 n } r'omF herelr n rti�tf'e!
<br />advance rentals and deposits '1r paymLrtsq` a ; mda retureiroGt end(mcomc "hereto
<br />apply suet, rents ,slues, p as they beco,�resu�e end �a,ablL Sc io,g as no Lve•,t of
<br />to the right of Trustor to collect and l
<br />grits. ,rid water stock iii,! all tenements.
<br />default exists hereunder, (vi) all royalties, rntnerai. oil and gas rights and profits wa.er, ware, r h stock
<br />neredrtamenrS. privileges and appurtenances belonging. used or enlovec In connector, I ri ail proceeds of conversion,
<br />of insurance ano
<br />voluntary or Involuntary. of any of the !oregoing into . ash nr 4qu,dated r la,rns nnC_ludPnq proceeds
<br />condemnation awards), all of winch Is herein ;iher CDiIECpvE!y CaIIEd ,'he Trust PrOpErry
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, 7RUSTOR COVENANTS ANC AGREES AS FOLLOWS
<br />1. Title. Trustor covenants, warrants and agree with Br oef ciary f' we t: ors and a <,qns, t- i Tr(sfor owns the Trust Property free
<br />first lien on the Trust Properly.
<br />from any prior lien or encumbrance, trial th, Df e( r us s and v i re nti,n va is and enforce.abie
<br />Trust first and lien upon the Trust
<br />that Truster. at its expense, will preserve such t r' and will maiwain rnis Deed c! as a paramount
<br />file lien nereof aga,nsl the claims of all persons and parties
<br />Property and will forever warrant and defend the ,alioq dnr,f priority of
<br />Tri amel rjnlent or supplement hereto. !o be filed and
<br />whomsoever. TruSter, at its expense will Cause this Lie ea of ;t. .Ind eacti
<br />of the Trus! Property Ir such manner Ina v, suc t, p +ace arid wlli fake such action as In the opinion of Trustee
<br />recorded as a mortgage
<br />may be required by any present 0,'uture law :n (;rile! ro ;,erfec!, manlalr and protect the :(en of this Deed of Trust, as the same may
<br />to the Trust
<br />be amended or supplemented from time lo time Tn:s!or will make such further assurance or assurances to perfect its title
<br />to the Trust Properly
<br />Properly as may be required by Beneficiary Trustor nereby rei)ngelshes all tight of (lower and homestead in ano
<br />2 Payment of indebtedness Trustor shat: punctuarty pay the principal of and interest on fire Indebtedness secured nereby
<br />3 Construction of Improvements Trustor shall ronrplele In cloud and workrnarnOke manner any buildings, Improvements or repairs relating
<br />loan evidenced by the Note secured hereby. to pay when
<br />thereto which may be begun on the 'rust Property cir conremptated by the
<br />lien against such Trust Property in the event
<br />due all costs and liabilities Incurred therefore. and not to permit any eonstruc!ion
<br />Trustor also agrees, anything in this Deed of Trust .to the contrary
<br />construction of buildings. rrnprovemenfl pr repays are ;.notempiated.
<br />any sucn work and to complete the proposed Improvements promptly, ibi to complete the
<br />notwithstanding. ia) to promptly commence
<br />accordance with the plans and specifications a> approved by Beneficiary. (c) to comply with ail the terms of a building loan
<br />same+in
<br />agreement, d any. between Trusic,f and Benehc. ,iry he rerms of w'uch ate Incorporated herein by ref ?rence and made a pan nereol.
<br />id) to allow Beneficiary to Inspect the Trust Property at ail tm,ys during construction, and lei to replace any work or materials
<br />unsabsfartory, to Beneficiary within f 1•een r 15; ddy:s .after written notice from Renebc ary of Suc t fact
<br />4 Funds for Payment Of Cfe rfg�g ut),,,ct 'o 'appifi:abie law or to a wrilfer', 65'a.Ver bL Bcneficl Ily T -Il Still S11dli fiat/ to Reltefl laty' ('17 the
<br />,'ItSf day Of L3cn montl fit Stich offiel (fate each month as rmdy be spECrlied br Bentiftclary , Wli the i clublel']he5: r� paid r, f ;lit. a Surrl
<br />t,VLr th)ti i�('ed Of Trust
<br />ihi'rematter :alied the Fund.', ) e(.lual to 1 12fh Of the yeariy l %ixea and asset ;sniemfs w"hicn nwi, atl air 1,11orrfy
<br />for ! 1.9171 Of the
<br />and ground rents on the Trust Progeny, if airy. plus 1 1201 of the yearly il rerniuim nsta(!fnents halarcf ursinarX e.. piu±
<br />est,mared milwify and from time tt, tint. by GLnelu;iary I,n
<br />yearly premium Insfanments for mortgage fISUrance, d any, ail as reasv,ilb,y
<br />rhE9 basJs rIf assfsssmenfs and b,.ts and reasonably eslrmates thereof The Funds fn III be held In an In td"4011 Vie e r posits 1.:
<br />HL nehr ar} Bene f,c_Iary Shall Ippiy the Funds ro
<br />accounts of wlach are insured or guaranteed by a federal or stale agency Including
<br />Clay Said faze'. a::se, sinews, ,nswi)nce premiums and ground rents RLnehclary ,hail nl bt r quirt d to pay 7oislol aril r,tcre sf of
<br />ear"ItIs of, the Fund.: f.eneflf nary Sha4 give r0 Trustor. without charge in annu a( _Iunf n(, (t ,hey Fund: she i wq I -re fits i d
<br />� i(„
<br />de Nt5 twit the Funds and fhu pure u.. L fnr which each debit to the f -un(IS eV f :rail! Till. ; -u:l is lie pie r1ge. 1 I-, , hll nil a .'J Ity
<br />'nonfhly
<br />Ine In"Obtf, ll fis ' w'Ure"I by thr- Devo of crust If the ilfnoant of Ita3 f uml.,, he ill BLnefi( a i ro(JOINVI lM1 40 IMP . / I e
<br />lk) II'.' rf I e li e f. 1 tilt'
<br />y,
<br />nsrdilait In - f F -u did payable prier f i11L rl( I, fates Ill raxei 7 Sf. 7i1 fl n i. /I ill( 1. (1 /f ( , 1n1.- r "f010 ,, ,
<br />ejgt leis pa, % lid t,jxlf, t e I /t< rife rl / 1 I :ft (1!r Itif 11rI {fill q C I nlf lonts 'r, 'fl , tl f1 1 i, n I Ace"", , 1 1 1!
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<br />am J Jn
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<br />Ile 1.7 fti ru ii fly lJflll Iiiry nM 1")t be%ufh lrl(( dy f, i •e er'S, i .I r ,. t rU c.I ( f1r: •. �_
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