|
<br />I
<br />
<br />84 ~ 002421
<br />
<br />CONT5 : d
<br />
<br />DEED OF TRUST
<br />
<br />r
<br />
<br />This Deed of Trust is made this 2nd day of Mav
<br />19 84 , by and among David F, and Debra-:r-Flarders
<br />hereinafter referred to as "Trustor," whose mailing address js
<br />P. 0, Box 14, AIda, NE 68810 ; Arend Baacl<
<br />Attorney at Law, hereinafter referred to as "Trustee," whose
<br />mailing address is p, 0,' Box 790, Grand Island, NE 68802 ; and
<br />THE OVERLAND NATIONAL BANK OF GRAND ISLAND, hereinafter referred
<br />to as "Beneficiary," whose mailing address is P. O. Box 1688,
<br />Grand Island, Nebraska 68802.
<br />
<br />For valuable consideration, Trustor irrevocably grants,
<br />transfers, conveys and assigns to Trustee, in trust, with power
<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 />LOr SEVEN (7) IN BLCOC NINlITEEN (19), IN '!lIE 01UGINAL
<br />'f'r'1VN' (}'l;' ,L\TnA HA.TT rrvTh.~ mRnA!'-nl'A
<br />.
<br />
<br />
<br />together with all buildings, improvements, fixtures, streets.Ie
<br />alleys, passageways. easements, rights, privilegesandaPflB;;er"c
<br />nance. located thereon or in any waypertaining>thereto,~j:lIS?:'i,~~;"
<br />rents, issues , profits, reversions and the remainderi5 t ".
<br />including all such personal property thlltuis.:attlt.(:h_e;;t
<br />improv....nt. 50 as to constitute a fixture, all: of ",hi(';hi::
<br />ing replacements and additions tnereto, arenerebYde.cJ;a.~~:
<br />a part of the real estate conveyed. in trusth~reby, i.t:J,p.~ ......,........:
<br />agre.4 that all of the foregoing shall be hereinllf,te.rreif,erreOt:t:o;'2:
<br />as tba "property."
<br />
<br />FOR THE PURPOSE OF SECURING:
<br />
<br />
<br />-'-!';-,:}: ~:j~""i
<br />
<br />(a) the payment of indetltednesli evidenCl!d~~
<br />Trustor's note of even d.te herewi,th in thepr;~rtQi;R~~
<br />au of Fifteen thousand. dollars &1lO1100. ... 'r;;'>
<br />($ l5.~.~ I, together wit:l1inter~:u~t~tte{r,.,tia;;~r,;
<br />rat.. prov ded therein, or the prinCipl:I;); a,i\dinter.~j:'\.<
<br />on I:Iny future advance not to exceed theto.tahp:r;:~nCl;j,~'
<br />sum initllllly secured hereby as.evidenced.bYP~Ql1\i,~.Ji~~Y.'
<br />notes stating they are secured; hereby, andi!l.ny,ll:I\d..a:l:1
<br />renewals, modifications and extensions ofs4!'lh.PQ~elil\.1
<br />both principel and interest on the noteli beingpaY..\'I~e\
<br />in accordance. with the terms set, fo;:,th the-r~i..., wh'ich
<br />by this reference is hereby made a part hereofl
<br />
<br />'.'l
<br />.. ;--, ;~'~i' <'f
<br />I
<br />i.";;: \':':~<; ~
<br />"1
<br />
<br />"~
<br />
<br />(bl the performance of each agreement and cove~
<br />n.nt of Trustor herein contained I and
<br />
<br />
<br />fc) the payment of any sum or sums ot money wh.ich
<br />may be hereafter paid or advanced by Beneficiary under
<br />the terms of this Deed of Trust, together with interest
<br />thereon .t the rate provided in the note.
<br />
<br />L
<br />
<br />To protect the security of this Deed of Trust, Trustor
<br />bereby covenants and agrees as follows:
<br />
<br />1. PaY~nt of Indebtedness. To pay when due, the princi-
<br />pal of,. and the int.erest on, the indebtedness evidenced by the
<br />nOt4. charg... tee. and all other sums as provided in the loan
<br />in.U\aMn t.,
<br />
<br />'0
<br />
<br />-1-
<br />
|