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<br />NEBRASKA
<br />DEED OF TRUST
<br />
<br />83-005437
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<br />THIS DEED OF TRUST, is made as of the I~ day of October, 1983, by and
<br />among Timothy A. Jakubowski, ("Trustor"), whose-man:ing address is ~ ~ (.,
<br />~ :re':{dm.oAJ b l'"A,vq tStAIJf), ~e , The First National Bank of Grand Island,
<br />Gr Isla, Nebraska, "Trustee', whose mailing address is 202 West 'Ihird
<br />Street, Grand Island, Nebraska 68801, and May-Lee Coleman Mertsching, ("Benefici~
<br />ary") \\hose mailing address is 2208 Cedar Avenue, Lewiston, Idaho 83501.
<br />
<br />FOR VAllJABlE CONSIDERATION, Trustor irrevocably transfers, conveys and
<br />assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of
<br />Beneficiary, under and subject to the terms and conditions of this Deed of Trust,
<br />the real property, located in the City of Grand Island, Cotmty of Hall, State of
<br />Nebraska, and described as follows (the "Property"):
<br />
<br />The South Fifty-four (54) feet of Lot Five
<br />(5), in Block Twenty (20), in Wallachs Addi-
<br />tion to the City of Grand Island, Nebraska.
<br />
<br />1'CX;EIHER WITH, all rents, easements, appurtenances, hereditaments, interests
<br />in adjoining roads, streets and alleys, improvements and buildings of any kind
<br />situated thereon and all personal property that may be or hereafter become an
<br />integral part of such buildings and improvements, arrl all water rights.
<br />
<br />The Property and the entire estate and interest conveyed to the Trustee are
<br />referred to collectively as the "Trust Estate."
<br />
<br />FOR THE PURPOSE OF SECURING:
<br />
<br />a. Payment of indebtedness in the total principal amount of $18,700.00, with
<br />interest thereon, as evidenced by that certain promissory note of even date (the
<br />"Note") with a maturity date of October 1, 1998, executed by Trustor, which has
<br />been delivered and is payable to the order of Beneficiary, and which by this
<br />reference is hereby made a part hereof, and any and all modifications, extensions
<br />and renewals thereof, and
<br />
<br />b. Payment of all sums advanced by Beneficiary to protect the TTIlSt Estate,
<br />with interest thereon at the rate of ten percent (101'0) per annum.
<br />
<br />This Deed of Trust, the Note, and any other instrument given to evidence or
<br />further secure the payment and performance of any obligation secured hereby are
<br />referred to collecti vel y as the "Loan Instruments."
<br />
<br />1D PROTECT THE SECURITY OF THIS DEED OF TRUST:
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<br />1. PAYMENT OF INDEBTEDNESS. TTIlStor shall pay when due the principal of,
<br />and the interest on, the ~ndebtedness evidenced by the Note, charges, fees, and
<br />all other sums as provided in the Loan Instruments.
<br />
<br />2. TAXES. TTIlStor shall pay each installment of all taxes and special
<br />assessmentSO't" every kind, now or hereafter levied against the TTIlSt Estate or any
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