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<br />84,.....1 002286
<br />DEED OF TRUST '
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<br />This Deed of Trust is made this 30th day of
<br />19 84 ,by and among Dean L. Burch and SiiiiUlE. Burch
<br />hereinafter referred to as "Trustor," whose mailing address is
<br />407 East 18th, Grand Island, NE ; Arend Baack
<br />Attorney at Law, hereinaft.er referred to as "Trustee," whose
<br />mailing address is 104 ri:lrth Wheeler, Grand Island, Nebraska ; and
<br />THE OVERLAND NATIONAL BANK OF GRAND ISLAND, hereinafter referred
<br />to as "Benef iciary," whose mailing address is P.O. Box 16BB,
<br />Grand Island, Nebraska 68802.
<br />
<br />April
<br />
<br />rm NINE (9), m..o:x FOOR (4), IN COLI..B1E AI'D~ '10
<br />WFRr LAWN IN 'IHE CI1Y OF rnAND ISlAND RAn, fII1NTV
<br />~'FBRA.~A
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<br />For valuable consideration, Trustor irrevocably grants,
<br />transfers, conveys and assigns to Trustee, in trust, with pow-e-r
<br />of sale, for the benefit and security of Beneficiary, under and
<br />subject to the terms and conditions of this Deed of Trust, the
<br />following-described property, located in Hall County,
<br />Nebraska, to-wit:
<br />
<br />together with all buildings, improvements, fixtures, streets,
<br />alleys, passageways, easements, rights, privileges andap.~~:;l;;ji:~.
<br />nances located thereon or in any way pertaining thereto. an~.t1te'",
<br />rents, issues, profits, reversions and the remainders ther~o~l .
<br />including all such ?ersonal property that is attached to,th~"
<br />im!='rovements so as to constitute a fixture, all of which, in.c;lu!1:~:
<br />ing replacements ann additions thereto, are hereby decl.utedtQ;p:e::
<br />a part of the real estate conveyed in trust hereby, it being',
<br />agreed that all of the foregoing shall be hereinafter referr-elittQc
<br />as the ~PropertY6n
<br />
<br />FOR THE PURPOS E O~' SECURING:
<br />
<br />(a) the payment of indebtedness evidenced by
<br />Trustor's note of even date herewith in the principal
<br />s urn of Seventy 1lDusand Four i:IQrl(Ired 1))11/M'SaqdNoll(.l().. .... "...... .....
<br />(S 70 400,00 ), toge\:her with interest at the rate ot;
<br />rates provided therein, or the principal and interest
<br />on any future advance not to exceed the total principal
<br />sum initially secured hereby as evidenced by promissory
<br />notes stating they are secured hereby, and any and all
<br />renewals, modifications and extensions of such notes,
<br />both prir:cipal an? interest on the notes bein,g paya,ble
<br />,~ ~ccorcance w~tr. the terms set forth there~n, wh~ch
<br />by this reference is hereby made a part hereof;
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<br />(b) the performance of each agreement and cove-
<br />nant of Trustor herein contained; and
<br />
<br />lcl the payment of any sum or sums of money which
<br />may be herca::~er paid or udvanc~J uy oeneficiacy 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 agrees as follows:
<br />
<br />1. ~a~'m..nt of Indebtedness. To pay when due, the princi-
<br />pal of, am the interest on, the indebtedness evidenced by the
<br />note, chArges, fee,s and all other sums as provided in the loan
<br />instruments.
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