|
<br />CONT5:d
<br />
<br />DEED OF TRUST
<br />
<br />B4 -003088
<br />
<br />This Deed of Trust is made this 7th day of June
<br />19~, by and among SheridanT. andRu~AntiE>r<:nn
<br />hereinafter referred to as "Trustor," whose mailing address is
<br />4503 CAlail r anA Grand Is1 and, N'F. ; Arend Baack
<br />Attorney ut Law, hereinafter referred to as "Trustee," \,,'hose
<br />mailing address is P. 0; Box 790. Grand Island. Nebraska 68802 ; and
<br />THE O~ERLAND 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 />ill! 'I'M:>ntv- Three (23) FJill'l e r ak.. Fstatf>S
<br />Subdi \Tision. Hall CbU11tV N~h~H.-.:k"1
<br />
<br />together with Jl1 t-;ulldlngs, improvements, fixtures, streets,
<br />a11eys, passageways, ci:\sements, rights, privileges and appurte-
<br />nances located thereon or in any way pertaining thereto, and the
<br />rents, i SRues, profi ts, reversions and the remainders thereof,
<br />Including all such personal property that is attached to the
<br />imorovements 50 as to constitute a fixture, all of which, includ-
<br />in~ replacements and additions thereto, are hereby declared to be
<br />a part of the real estate conveyed in trust hereby, it being
<br />agreed that all of the foregoing shall he hereinafter referred to
<br />as the 'IProperty.~
<br />
<br />FOR THE PURPOSE Of SECURING:
<br />
<br />(a)
<br />'l'rusto!"' ~j
<br />
<br />lhe payment
<br />nute u,t even
<br />
<br />of indebtedness evidenced hy
<br />UdLe heJ-ewith in the principal
<br />
<br />sum of Thirty-Three Tholl."<and !bllars a.nd NO/lOO---::----lbllars
<br />(S 33,000,00 .... ), together wi th interest at the rate or
<br />ra-tes .p.ro.,,:Id.ed therein, or the principal ancl interest
<br />on dny future ddvance not to exceed tIle total principal
<br />SlIm initially secured hereby as evidenced by promissory
<br />notes stating ttley are secured hereby, alld any and all
<br />rene\>;als, modifications and extensions of such notes,
<br />both Drlncipal a~d interest on the notes being oavable
<br />in ac~ordan~e with the terms set forth therein,' ~hich
<br />by this reference is hereby made a part Ilereof;
<br />
<br />nant
<br />
<br />~ ~) Tr~~~~.o ~'e :.~'~::,: ~1~ n~~n ~1~~ir~~d~:;h J ~~rt: ~rne n t
<br />
<br />{lnc1
<br />
<br />cove-
<br />
<br />(e) the payment of any sum or sums of money which
<br />may be hereaft,er oaid or advanced bv Beneficiarv under
<br />the terms of this'Deed of Trust, to~ether with {nterest
<br />thereon at the rate provided in the note.
<br />
<br />To pt"otect t.he
<br />hereby covenants and
<br />
<br />security of this :-Jeed of
<br />agrees as follows:
<br />
<br />Trust,
<br />
<br />Trustor
<br />
<br />1.. !:_~m{;:ent of Indei)tedness. To pay ...;~len due r the pr-lr.cl-
<br />pal of t and the ir,terest on, the ,indebtecnC'ss .,::vJdenced ~~.v the
<br />note, charges, fees and all 0tht::r sums as prc'./ided in the~ loan
<br />instrument.s,
<br />
<br />,
<br />-. .
<br />
|