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<br />DEED OF TRUST
<br />
<br />84-
<br />
<br />005651
<br />
<br />THIS DEED OF TRUST is made this 16 day of October
<br />19~,amongtheTrustor, DYNASTY ENTERPRISES, INC.
<br />(herein "Borrower"), AREND R. BAACK, ~to~
<br />(herein "Trustee"), and the Beneficiary, HOME FEDERAL SAVINGS & LOAN ASSOCIATiON OF GRAND iSlAND, HE
<br />a corporation organized and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST, P. 0, BOX 1009,
<br />GRAND ISLAND, HE 68802 (herein "Lender"),
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein cr-.ated, irrevocably grants and conveys to Trustee,
<br />in trust. with power of sale, the following described property located in the County of HALL
<br />State of Nebraska:
<br />
<br />LOT ONE (1), BLOCK TWO (2), STEWART PLACE SUBDIVISION TO THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA EXCEPT A CERTAIN TRACT DEEDED TO THE CITY OF GRAND ISLAND BY WARRANTY
<br />DEED RECORDED AS DOCUMENT NO. 83-001608.
<br />
<br />-AND-
<br />
<br />LOT TWO (2), BLOCK TWO (2), STEWART PLACE SUBDIVISION, TO THE CITY OF GRAND ISLAND.,
<br />HALL COUNTY, NEBRASKA
<br />
<br />which has the address of
<br />
<br />2015-2017 Circle Drive
<br />(STREET!
<br />
<br />& 2805-2809 W. Stolley Park Rd., Grand Island
<br />(CITY)
<br />
<br />5B80l
<br />(STATE & ZIP CODE)
<br />
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents
<br />(subject however to the rights and authorities given herein to Lender to collect and apply such rents), royalties, mineral, oil and glIS riahts and
<br />profits, water. water rights, and water stock. and all fixtures now or hereafter attached to the property. all of which, including replacements and
<br />additions thereto, shall be deemed to be and remain a part of the property covered by this Deed of Trust; and all of the foreaoina, together with
<br />said property (or the leasehold estate if this Deed of Trust is on a leasehold) are herein referred to as tbe "Property";
<br />
<br />Nebraska
<br />
<br />(herein "Property Address");
<br />
<br />TO SECURE to Lender (a) the repayment of the indebtedness evidenced by Borrower's note dated October 16 1984
<br />(herein "Note"), in the principal sum of SEVENTY FIVE THOUSAND AND NO/10D------n-------:---------:-Bollars,
<br />with interest thereon. providing for monthly installments of principal and interest. with the balance of the indebtedness, if not sooner paid. due
<br />and payable on Novembpr 1. 2004 ; the payment of all other sums,
<br />with interest thereon, advanced in ac'Cordance herewi!h to protect the security of this Deed of Trust; and the performance of the covenants and
<br />agreements of Borrower herein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Lender
<br />pursuant to paragraph 21 hereof (herein "Future Advances"),
<br />
<br />Borrower covenants !hat Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property,
<br />that !he Property is unencumbered, and that Borrower will warrant and defend generally the title to the Property against all claims and
<br />demands, subject to any declarations. easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />insuring Lender's interest in the Property.
<br />UNIFORM COVENANTS, Borrower and Lender covenant and agree as follows:
<br />1, Payment of Priaclpal and lnte....t. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note. prepayment and late charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />of Trust.
<br />Z. Funds for TlIllos and InsUlan.... Subject to applicable law or to a writteo waiver by Lender, Borrower shall pay to Lender on the day
<br />monthly installments of principal and interest are payable under !he Note. until the Note is paid in full. a sum (herein "Funds") equal to one-
<br />twelfth of !he yearly taxes and assessments which may attain priority over this Deed of Trust, and ground rents on the Property, if any. plus one-
<br />twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium installments for mortgage insurance. if any, all
<br />as reasonably estimated inilially and from time to time by Lender on the basis or assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />Lender if Lender is such an instilution). Lender shall apply the Funds to pay said taxes, assessments. insurance premiums and ground rents.
<br />Lender may not cbarge ror SO holding and applying the Funds, analyzing soia account or verifying and compiling said assessments and bills,
<br />unless Lender pays Borrower interest on the funds and appHcable law permits Lender to make such a charge. Borrower and Lender may agree in
<br />writing at the time of execution of this Deed or Trust that interest on the Funds shall be pajd to Borrower. and unless su\,:h agreemenl is made or
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