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<br />Huflmdu and felll'rl & Wolt. Wauon, He 68461
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<br />DEED OF TRUST
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<br />84,- 006015
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<br />and
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<br />THIS DEED OF TRUST, is made as of the ~,day of November , l!:1~ by and amu.llJ;r
<br />Dale J. Robinett and Lois L. Robinett ("Trustor"), whose mailingaddrt!Ssis
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<br />(".Trugte(j\~)~ vihooemai!i.n_i:-addr~..is
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<br />
<br />William G. Blackburn
<br />P.O. Box 2280, Grand Island, Nebraska 68802
<br />Five Points Bank
<br />P.O. Box 1507, Grand Island, Nebraska 68802
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfl!rs, conveys and assigns to Trulltee,IN
<br />TRUS'r, WITH POWER OF SALE, for the benefit and security of Beneficiary, under and subject toth~tez'rns
<br />.udoouditiuTu;of~\iD DaedQfTrua~ th,{;~lpropcrty lGcatt-din th~Cityof Grand Isla.nd,:-' -- __' TtJ~tY,~,f
<br />Hal1 ~tateofNebr~~~<l~~llPhi~~g}t'B~!lb\\he "Property"};. . ...... ..................
<br />TOGETHER WITH, all rents, easements, appurtenances, hereditaments, interests in adjoining 'roads,
<br />aO:eetB and alIeyJ>, improvements and buildings of any kindsituawd thert.'On andallpersonalpropettYthatlllaY
<br />be or hereafter become an integral part of such buildin",s and improvements, all crops rais..>dtheroon, an~ all
<br />waterright.t, .. ......
<br />The Property and the entire estate and interest oonveyt.'<l to the Trustee are ref~ to <,'unectively~the
<br />"'l'raa Eatate", . .
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<br />FOR THE PURPOSE ,!' 3ECURING;
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<br />L Paywentofindebtneas L.~th8w..alprincipai "'_ ~~i,f~~ ... 190-0 ..OGrit,b itlt"~t,~h_L'l<~n_ ~:l~A\-nn~nM-~Y
<br />tbaiceriain promiuory nore of even d"i<l (\he "Note i ~7h ;~;~t;;t~da~' ~f . .. Ma.';- 8 :-1 '9f6 - - " ex'ecU~
<br />
<br />by TrulItor, which has been delivered and is payable to the order of Beneficiary, and which by thkirefer~nceis.
<br />hereby made a part heroof, and any and all modifications, exwnsiollil and renewaIBthenJof, alld
<br />b. Payment of all SUIll8 advanced by Beneficiary to prott.'<?t the Trust Estate, with interest. thel'eOn at the
<br />rate of e levepercent (--LL.%) per annum,
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<br />This DeedofTntst. the Note, and any otherillstl'Umt'nt given w..videnceorfurtherstl<:urethepllyrnentand
<br />perfonnance of any obligation >lOCured hereby are referred 10 t:ollt.dively as the "Loan Instruments",
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<br />TO PROTECT THE SECUJUTY OF 'I'lJI:> DEED OF THUS'!':
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<br />L PAYMENT OF INDEBTEDNESS. Trustur shall pay wh~" due the prineipal of, and lIw imercst on, the
<br />indebtedne.". evidenood by the Note, charges, fee. and ull ulher ,ums as provided in the Loan Inslruments,
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<br />2. TAXES. TTU8tor shall pay each installment of all taxl~ Hnd S!WL"wJ H~l'ie~mcnts of ~very kind, now or hereafter
<br />levied agairuot the Trust Estate or sny part thereof, before ddinquencv, IVllhout notice ordemand, and shall pruvide
<br />Beneficiary with evidence of the payment {)fSllffill. TTustffr NhaJI J}'\Y aJl taXtts und U:;ticss_m~nt.s which rnuy bt! l.evied
<br />apon Beneficiary's interest herein or upon this Deed of Trust or the ,Id'l """uredhereby, without fi.'!{ard IHany lllw that
<br />lIlAY b., ~nacted imposing payment of the wholt~ or any part iJwn:~jf upon t.he Bencfici"lFY.
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<br />3, INSURANCE AND REPAIRS, Trustor shull malrllam fi rc and llut extended cHvcrulle insuran"" insuring the
<br />improvement<! and buildings constitutir.1l' part or th" Trusl E.talt' for an amount no Ie.... than the amount of the
<br />ilnpaid principal balance of the Note (CO'UI..uranee nut n"",'<iillK t<0"" l'"ml1tted), ~uch 1I18U<lI1I'" l'uJit:Y ..hall "ontuin
<br />. atatadard mortgage clause in fllvor of Beneficiary and shull not lw eaneeHahle,terminableor moJifiable withllut ten
<br />(0) days prior written nollce to Beneficiary, Trus~ur ..hall promptly repillr, maintain and replaee lhe Trust Estate or
<br />any part thereof 80 that, except for ordinary w""r and teur. tlwTrWit E,t"h,shall not deteriorate, In llu"ventshall the
<br />Trustor commit waste on or to the Trust Estate.
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<br />4, At.'TIONS AFFECTING TRUST ESTATE. Tro.tor "hail apP"'1f in und ('onlest any action ur proceeding
<br />PlU'pOl'tillll to affect the lIecu.rity heroof or the rights ur P'IW""" uf IJcH..ficiary or Trust"", and shall pay all costs and
<br />expo...... incJudinv COIIt of evidence of title and alturney'. f,~,". HI any .u"h action or proceeding in which Beneliciary
<br />or Truatlle may appear, Should Trustor f..i! to make any paym..nt or 10 do any act ati and in the manner Iltovided in
<br />any of the Loan Instrument<!, Beneticiary andior Tru~""e, euch III it. own discretion, without obligation so 10 do and
<br />wit.bou~ bu~~ tv vi" ~.iina.....d ~~~ Tr..:.~~r ~~d with~~~t r:d~~t:!!~g- Trt!~tl)!" [r'Hn J\J1V t~hli.v~lti()n_ maY make or do the
<br />lame in Huch manner and to such extent ali t:"lthcr may deem lh'{.\~SS;1r:\' to l;r~;t~~t the ~c~.urjty lu're'Jf. Trustor l:ihal1,
<br />Ua.alacLately upon demand therefor by l:leneficiary, pay all Cust" and ..xpenlle& incurred by BenefiCIary in connection
<br />with the elUlrci... by beneficiary of th~ foregoing rlilh~.. ll1eJudlnl( without limitation ('osUo of evidence of title. court
<br />coate, "ppra1saJ., sU1'\/ey. u.nd attorney's fees, Any such cooL; und Hpen""" not pllId within tfin (10) days ol' written
<br />daman,j IJh..U draw in&erellt lIt the default rate prOVIded in thc Not...
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<br />5. EMINENT DOMAIN, Should the Trust Estate, or an.\' l'dfllhcr",f or lIllen",t the.....;n, b.. t"ken or damall.,d by
<br />reuon Oil any public improveme-nt or condeumation procet.l(jjng. t,)T in <..thY other manner including d~"'t"d in !ipu ofCondenl~
<br />nation t 4IICondemnationJ'), or should Trustor recive W1Y notio.~ ur otht.r i nformutiun rt'J{urding such p-nx'("'l"(1i ng. 'j'ru8tor ShHH
<br />Pve pl'nmpt written notice thereof to Benefkinry. lltmeficiar} "h..tIl lit:., f.ntitk->d tu all compcnaation, .!.twnro6 ..-l.nd othl'r pay-
<br />.rnen1a{-.rrelieid:lerefor~ and .hall beenut.led alibi optIon to ('olllnU~IH't\ :lppt'ar in and J.1HJ..."'>-t--{'Utt' in It." ,JW/) Il,UIlt' any U\..1.Wll
<br />or proo!l8Cii.n.&>>- lleneticiary shall alao bt!'- entitled to mukt: any i.:ompnJmil:ic ur ~ttlf:mcnl in t"HnnL'''ctiun with :.mch taking- or
<br />~. All.uch COlIIpeIUI4!iom, awards, dama;:.,.., nllhw uf ",1io" ;u,d Pl'U<.~b awarded to 'l'ruHtur (II", "Pr<>et.-eds") are
<br />hueb,y I!l1IllI&1le<I w Beneficiary and Trustor "greeIllD eXL'<'U\" sud, lurthe! I......'jfnmen!" of Ihe Pl'U{,..,d8 a" BeneJkiary llr
<br />~ may nlQu1re..
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<br />It APPOIN"fM:.E..NT 01-..... SUCCESSOR TRlJST.EE. HHlt'lki.lrv t!hl"j. from tmlt: to timt'. bv It "\-TiU.t'H ln~trUn1t'llt
<br />~d and acknowledged hy Beneficiary, UH.uh:,d L.u TnH~lOl: ..lwJ Ht'LU((i~ HI tho.: ('UUfI(V W Wf~H:h till' Tru~t Est..nte is
<br />b:ated and by otherwiae compl)';lIll with the prov;"IOll" uf the apph('abl(. law of the Staw of Nebnll.k.. sub.utUle a sue...,.,.,r
<br />or __ w ttw! Tnte&ee named herein or ""tml!' hereunder.
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<br />7. jUCCE8>RS AND AS&IGNS, Tlua D....d of TruM "pph<'" tu, lllllTe. to the benciit ,,[ and himb..1i p;u'tles l"'I'eto.
<br />..... .t.... .......... ~ ~a.i feJlf"ti'8entativt!H. -HuC(~~or~ Hlld l:lf4HljllUi_ T}w te'rm "l!tmeficJurv" Mhu!l nlt'aJl tiil~
<br />--- <III'Id ~ of &he Note, wbether or not named a. Uendiemn hN..m . .
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<br />8. INSPECTIONS, B~e6ciary. vt' it.li itgentB,_ tCt~i}n~clltaun:':. <If '\.\"lrknH'H :;tH.' J.hltbl.ll'i[.t.'d [p t>nkr i.tl dO;' rt'H:lOllabtt,
<br />ti&l.n.p~ ~inany partolthe'J"'rugEa:LQ.~ fur tht\ pU~'Hf itl;j.j.A~1-hng lht s;-Hr;{..twd f(\r Lt\{- PU.q:KH;.{,' \\J !-it"rlon:ning ill1); of
<br />_"-l a Ul.~ to peI"form un~ the terms {tf any of dw lo.i.ul IHHt.ruuWnLJof
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<br />It E'VENTB OF HJo;FAULT, An)' ()f Uw {nlwwUl": ttVvnlt> ..h:tii di"'l':H.",-i fiH f'Vl'Hf ,,{ d,d~:t\.dt IH'f"t'unJl'f
<br />(.) -~..haJJ haVfi' faum to mab tIH)'t~t (Jf any: nwt.;i!hw.:,:r \ ; HHt.t~'l:';.t, p-nn..:pat PI' pnni-:qml ;i:~H! Utk'n'Sl i'l: itHV
<br />Mhw ..m _....... h_by ..hen d....; <ir
<br />ib') 'tlj,.ri"~' h~t"~A bhw:-h (,ftlr-'!offault UIHkr H.~lV t~;(m .. '
<br />Of "~_iy ~':.utl~ in U)' ofUw i..oan In..trun:~u.u. > 1\-' n'd.!;l. ":'~kft'''''l'nwHt'CotH..1lt;nn.Pf'~~VI:~I~:I{ ~'lry~'ilt:HWU
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