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<br />84 ..."".
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<br />002973
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<br />CONT5:d
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<br />DEED OF TRUST
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<br />This Deed of Trust is made this 1st day of June
<br />19 84 . by and amonq Mark H. Stines and'"CiUOlN, Stines
<br />hereinafter referred to as "Trustor," whose mailing address is
<br />1043 South I.Dcust. Grand Island. NE; Arend Baaclt
<br />Attorney at Law, hereinafter referred to as "Trustee," whose"
<br />mailing address is P. 0: Box 790. Grand Island.NAh.....",kA f3AAll? ; and
<br />THE OVERLAND NATIONAL BANK OF GRAND ISLAND, hereinafter referred
<br />to as "Beneficiary," whose mailing address is P. O. Box 16&8.
<br />Grand Island. Nebraska 688~2.
<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:
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<br />The South Fifty and (he Half Feet (50.5') of the
<br />West Half (Wi) of lot Pi ve (5) of Vantines
<br />Subdivision, located on part of the Northwest
<br />Qlarter (NWjo) of Sectioo Twentv Tho (22), in
<br />1bwnshio Eleven (11) North Ran.... NinA (9) W_t
<br />of thA nTh P M in Hal 1 ~mT.v NA},'f"gQIrn PYrApt"ini
<br />too~fl"n'n a C'F :.",,!:,dn t:'Mll"'t: f'lf ~mti rrnw-. pa--r1--iMl_
<br />la:l"lv ~'rihPri in WRr-rnnry ~ l"'At'V'\~ in
<br />Book 164. Palro 19 of the Deed Records of Hal]
<br />County, Nebraska
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<br />together with all buildings, improvements, fixtures. streets.
<br />alleys, passageways, easements, rights, privileges and appurte-
<br />nance. located thereon or in any way pertaining thereto, and the
<br />rents, issues, profits, reversions and the rema.inders thereof,
<br />inClUding 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 theretoi are hereby declar~d to he
<br />a part of the real estate conveyed in trust hereby, it being
<br />agJ:.e4 that all of the foregoing shall be hereinafter referred to
<br />as the -PJ:operty.-
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<br />FOR THE PURPOSE OF SECURING:
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<br />la} the payment of indebtedness evidenced by
<br />Trustor's note of even date herewith in the principal
<br />8WIl of Seventv 'lbc)lL<:anIi~bn~ ~ No/l<n-:----~~~-
<br />($ 70.000.00 1, toqet er w th .l.nterest at ,the rate or
<br />rat.. 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 principal and interest on the notes being payable
<br />in accordance. with the terms set forth therein, which
<br />by this reference is hereby made a part hereof;
<br />
<br />Ib) the performance of each agreement and cove-
<br />nant of Trustor herein contained; and
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<br />Ie) the payment of any sum or sums of money which
<br />may be hereafter paid or advanced by Beneficiary under
<br />tne terms of this Deed of Trust, t0gether with interest
<br />tbereon at the rate provided in the note.
<br />
<br />To protect the security of this Deed of Trust, Trustor
<br />b.r~~ COvenants and agrees 4S follows:
<br />
<br />1. Payme:nt of Indebtedness. To pay when due, the princi-
<br />pal of, and the inter..t on. the indebtedness evidenced by the
<br />note. cberg.., fees and all other sums as provided in the loan
<br />il\.tr\lal\U.
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