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<br />84 ~ ..t.,
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<br />DEED OF TRUST
<br />(Open End Single Notel
<br />
<br />This Deed of Trust is made this 25 day o"f . ~l .........
<br />1984, by and among RUSSELL W. 0' NEILL and JOSEPHINIf'L. Oil'~j:
<br />husband and wife: and MICHAEL J. O'NEILL and JUNE H. O.-ltili~;L
<br />husband and wife, individually and doing busines.as the O"~
<br />Construction Company, hereinafter referred to as wTruat:or,w .~€
<br />rnailinq address is 1732 North Huston, Grand Is!and, Nlilbraell!&.
<br />AREND R. BAACK, Attorney at Law, hereinafter referred to..
<br />"Trustee," whose mailing address is P. O. Box 790, Grand r:d~~
<br />Nebraska; and THF OVERLAND NATIONAL BANJ{ OF GRAND ISLAllD~
<br />hereinafter referred to as "Beneficiary," whose mailing address
<br />is P.O. Box l~RB, Grand Island, Nebraska 68802.
<br />
<br />
<br />Por valuable consideration, Trustor irrevocably grants,
<br />transfers, conveys and 8ssigns to Trustee, in trust, with ~r
<br />of sale, for the benefit and security of Beneficiary, under and
<br />subiect t~ the terms and conditions of this Deed of Trust, the
<br />fOol iowing-described property. located in Hall County, Nebraska,
<br />to-wi t :
<br />
<br />Lot Three (3\, O'Neill Second SUbdivision,
<br />eit'! of (~rand Island, Hall County, Nebraska,
<br />
<br />and
<br />
<br />Lot (lne (l) and Lot Three (3). of O'Neill
<br />':'hlrd Subdivision, City of Grand Island, Hall
<br />countv, Nebraska, except a certain tract of
<br />land 1..edect to the City of Grand Island, Hall
<br />County. ~ebraska, as recorded in ()ui tclaim
<br />need, Document No. 78-002469;
<br />
<br />t:oqether w1t'h ,,11 buildings, improvements, fixtures, streets,
<br />~llevs, nassagewavs, easements, rights, privileqes and appurte-
<br />nances located theraon nr in any way pertaininq thereto, and the
<br />rents. ~s3ue5# pr0!itsl r~verSi0nf! >!nn the remainders thereof,
<br />including ~ll such personal property that is attached to the
<br />improvements <;0 ~~R to constitute ?\ fixture, all of which,
<br />including renlacements and ~dditions thereto, are hereby declared
<br />to he \ part at thE'> rf'al estate conveyed in trust hereby, it
<br />heing ~qrf'ed that aI' of the ~oreqoing shall be hereinafter
<br />referred tn aq the "Property."
<br />
<br />PO!:: ~HF' PlJRPOSE (), SF:CtlRINr.:
<br />
<br />fa) the pavment of personal indebtedness owing
<br />'rom Trustor :0 ?eneficiary, as ev:tdenced by a
<br />Promissory "Jote c)f even riate '1erewith in the oriqinal
<br />principal a~OUnt of Seventy-pi,re Thousand and No/100
<br />Dollars 1~-'5,t)nn.0Pl;
<br />
<br />ib) the pn\'ment: of interest at t:he rate or rates
<br />provided 1n the afore-descrlbed note and the payment of
<br />hoth prir"lrlpal 3r.d interest on any and all renewals,
<br />~odlficatluns ~nd extenSIons of such notes~
<br />
<br />l
<br />
<br />leI the payment of princi.pal and interest on dny
<br />future advance as may he evidenced by promissory notes
<br />stating they dre secured bv this Deed of Trust: nrovided,
<br />nuwever, trHt the total orincipal indebtedness, not
<br />including 'urns advanced to orotect the security nr
<br />lnterest accrued, ~hall nut exceed the qum of
<br />Ninety-Three Thousand Hnd No/lOD nollars ISQ1,000,nn) I
<br />
<br />fd)
<br />covenant
<br />
<br />the perfornlaIH"~
<br />of Trust.or hprein
<br />
<br />nf ~ach ~qreement
<br />""'(")ntained; :tnd
<br />
<br />'ll1d
<br />
<br />lei the payment of anv '<urn nr qums H "\.m.." Whl t-~
<br />~y he h~rea~~ter paln {}[" HdvanC'~rl h~J 1:~en~fl'_-"ldr~ :..lr'~f'r
<br />~he h9rmA. t')f ".hig Deed rJt TruHt, t0opthf.'r wlth intp.rf>.,,~t
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