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<br />84 - 006635
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<br />DEED OF TRUST
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<br />This Deed of Trust is made this 20th day of ~ ,
<br />1984, by and among RUDOLF F. PLATE an~ICE R. PLATE, ~
<br />and-wife, and TIM C. PLATE and DEBRA D. PLATE, husband and wif.,
<br />hereinafter referred to as "'I'rustor," whosemailinq_draui.li$
<br />2514 South Locust, Grand Island, Nebraska 688011 AREND R. ~,
<br />Attorney at Law, hereinafter referred to as "Trustee," whose
<br />mailing address is P. O. Box 790, Grand Island, Nebraska 61102;
<br />and THE OVERLAND NATIONAL BANK OF GRAND ISLAND, hereinafter
<br />referred to as "Beneficiary," whose mailing address is P. o. Box
<br />1688, Grand Island, Nebraska 68802.
<br />
<br />For valuable consideration, Trustor irrevocably qrants,
<br />transfers, conveys and assigns to Trustee, in trust, with power
<br />of sale, for the benefit and security of Beneficiary, under and
<br />subiect to the terms and conditions of this Deed of Trust, ~
<br />foliowing-described property, located in Hall County, Nebraak&,
<br />to-wit:
<br />
<br />Lot Four (4), Block Ten (lOl, Gilbert's
<br />Addition, an Addition to the City of Grand
<br />Island, Hall County, Nebraska;
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<br />..-.----~~.-t.ooe.1:her_~i.th......alL.buildiaqs...__i.mpr.oyements...- xuturea,. 1I't~_.--___.________
<br />alleys, passageways, easements, rights, privileges and appurte-
<br />nances located thereon or in any way pertaining thereto, and the
<br />rents, issues, profits, reversions and the remainders thereof,
<br />includinq all such personal property that is attached to the
<br />improvements so as to constitute a fixture, all of which, includ-
<br />ing replacements and additions thereto, are hereby declared to be
<br />a part of the real estate conveyed in trust hereby, it being
<br />aqreed that all of the foreqoing shall be hereinafter referred to
<br />as the "Property."
<br />
<br />FOR THE PURPOSE OF SECURING:
<br />
<br />I a I the payment of indebtedness evidenced by
<br />Trustor's note of even date herewith in the principal
<br />sum of Sixteen Thousand and No/lOa Dollars (S16,000.00.,
<br />together with interest at the rate or rates provided
<br />therein, or the principal and interest on any future
<br />advance not to exceed the total principal sum initially
<br />secured hereby as evidenced by promissory notes stating
<br />they are secured hereby, and any and all renewals,
<br />modifications and extensions of such notes, both
<br />prinCipal and interest on the notes being payable in
<br />accordance with the terms set forth therein, which by
<br />this reference is hereby made a part hereof;
<br />
<br />(h) the performance of each agreement and cove-
<br />nant of Trustor herein contained; and
<br />
<br />Ie) the pi!lyment of any sum or sums of money which
<br />may ~ hereafter paid or advanced by Beneficiary under
<br />the terms of this Deed of Trust, together with interest
<br />thereon at the rate provided in the note.
<br />
<br />To protect the security of this Deed of Trust, Trustor
<br />hereby covenants and 4grees as follows:
<br />
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<br />1. Payment of Indebtedness. To pay when due, the princi-
<br />pllll of., and the Inte'reiilt on, tli"e indebtedness evidenced by the
<br />no~e, Charges, f~s ~nd all other 51.1mB as provided in the loan
<br />in$trument!ll,
<br />
<br />2. Tit Ie. 'I'C'Ll!lltOJr is thlil owner of the property and has
<br />the dqht ~uthorlty to f!Xecutf' this Deed ot 'l'ru8t in re5pect
<br />to the proPElrt.v.
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<br />'1'0 pay, wht'n ,11;(', ,~11 t ,'n:e~.:.
<br />ch<')rqt'f' ,Vi,." n~t the pn"PI!'Itv,
<br />rlelinqul!Int. tlnd. in the ""0TH Peneti"l !\.
<br />
<br />;!!Ipec:lllil II
<br />hefol"f1 thl!l> "tlrr,.~
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