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<br />g~-- 006036
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<br />:i:i::;r,i-1ii ,''''I ;-",i,'I> ,,\ WOi! W,liIQi1 ~;e tt14bJ
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<br />DEED OF TRUST
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<br />THIS DEED OF TRUST, is made as of the _ 14~1:!. day of _.1~ov.c:."2!:>~r__" 19!3~_~ oy and among
<br />F. L;,"l rSOt1 ("TrJ.stor-"), whose mailing address is
<br />
<br />Jerome Q. La.!"s('lf1 and Nargaref:
<br />Box 6~ AIda. NebraskR
<br />Fi.ve Points Bank
<br />P.O. Box l507, GrRnd Island, ~ebraska
<br />Five Points Bank
<br />P.O. Box 1507. Grand Island, Nebraska
<br />FOR VALUABLE CONSIDERATION, Tru~tor im'voeably t'.:.:.sf"'~s,. conveys, and a;'si~ns toTr~b1;re, IN
<br />TRU8ft \VITd POY-IER OF SALE, fut' th& oon~~t <;uiU ~e<.;ut:ity iii nt;nellaary~ unQ~r ana SUi}jBCl. to me i..€rrilB
<br />an4 \.lOaditwll8 oft-IUs Deed of Trust, the real property luealkd ill the City uL___~lE.<!.,.____~ c'ounty of
<br />--1!.i!l1 . ~tate of NebJ:aBf!l. and legallv de.;cri\(l,..l lib follows (the "Property"): Lot 6, 1 n B look
<br />2UIlf"the Urlglnal-Town ot AlGa, -Hall LOllnty, ..eorasKa. > .. . .
<br />TOGETHER WITH, all rents, easements, appurtenances, ht're,htaments, mterests III adJOllllng roads,
<br />~ and alleys, improvements and building8 of any kind situat..d thereon and all personal property that may
<br />be or !,ereafter become an integral part of 8uch buildings and improvements, all crops raised thereon, and all
<br />water '''ights,
<br />n,e Property and the entire etitate and interest conveyed to the Trustee are referred to collectively asthe
<br />"'l."n18t Estate",
<br />
<br />("Trustee"), whose mallillf{ address is
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<br />and
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<br />("Beneficiary") whose ulai1ing adth.ess is
<br />
<br />
<br />FX:}R TH-.E P1JRPO~-:'~ (..,;_,' 6r.~CIJR!NG\
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<br />a. Paymentofindebtn_in the tot<;.; pnncipal '";.L~nt "r$6JQQ., sa., with mtereat thereon, as evidenced by
<br />that cr.r..a.in prniT~r'y note of 6'"<ial date (tJi€c "Nutc", with ,1 n-'ii.ti..iiity diltc of M~y 13, 19B5 ' _-ek"tiCu.~-
<br />by TrtJstor, which has been delivered and is payable to the order of B"nd'iciary, and which bythill rete:renceia
<br />hereby made a part hereof, and any and ail modifications. extensions and renewals thl',reof, and
<br />" h. Payxr&1t of allsU!!l8 advanced by Beneficiary to prUk'i.:t the 'l'rust Egtaw~ ~it..h i.a,tcrdit.thereon'~at,:th&
<br />rate of ..l..'i.- percent (..l..L%) per annum.
<br />TIliI Dood of Trust, the Note, and any other instrument hri\'t'll to l'vidence or further se<:ure the pa.ymentll.nd
<br />pa>Afonnance of any obligation secured hereby are ref"rl"L'tl to ,,,llt....,tively as the "Loan Instruments",
<br />TO PROTECT THE SECUlUTY OF TIllS DEED OF TRUST:
<br />
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<br />1. PAYMENT OF INDEBTEDNgSS, Tru~tor .haH pay wh,'" duc tilt' (Jrll1eipal of. andria, inlt",e"lun.th"
<br />indebtt<dnCllll evidenced by the Note, eha'llc", fce. and allollwr ~U1". a. provided in the Loan hu,L(umentll;
<br />
<br />2, TAXES. Trustorshallpay each installment of all tax",;,md lip,..ciul "..">I.Hnenl" of every kind,nowol'~ntitfter
<br />levied ngainst the Trust Estate or any part there"f, betore ddinqot""'Y, without noli,.... or demand, anushallpl'Ovide
<br />8en-efi.(~iary with evidence of the payment ofsliJUe. TrU:-ilor ,11,1l! .l!;IV aU taXt~ and assv.ri;;:fIl.ontS: which.mi,,-y,oo;.levit.od
<br />upon Benefidary'g intel'e8t herein or upon thiti Deed OrTrUtil or the drht. Sp('urt.d ht~reh,V. withuut rt~gurd to any law that
<br />may 1><, enacted imposing p..yment of the wholt, or any part thl'revf upon the l:Ieneliclury.
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<br />3, INSURANCE AND REPAIRS. Tr\Ultor shalllllomtlllfl In,: ,,"d nvt ,'xkndl'd 'ov<:rUll" in"unwt...,in,n1i'ing.!he
<br />ilnp;rovement<l and building" <'onstitutmg purt of the Trubt Est,l'" Ivr an amount no Ie"" than theaiuount.ilfth.e..
<br />unpaid principal balance of the Note (co-ll1.urance not"xc"",hnIlIiW:, ",ormltled), Such insuran<.'!' policy ahalhlQn~ni.
<br />..18nO.ald moltgllge eLaUlle tn lavol' of Henenelary ano shall not Ill' ,'u.wella!.k tl'l'min,,!.I., or InodifiablewiIhQut~n,
<br />(10) day>> prior wriu...n notice to &nefieiary. Tru.tor .hall promptlv r"lInir, maintain and replnce lhe 'l'ruatErl(a"".Qr.
<br />any part thereof so that, excep~ for ordin<<ry wear.. nd teur, the 'I'mb' Estate .h..1I not detl'rioral.t!. In 110 evelltahaUthe
<br />Trua&or commit w....te on or to the Trual Estak
<br />
<br />.., ACTIONS Ajo'f"EGTING TRUST ESTATK Trustor .hdli a~IIJl'ar In OUtI tunt".t any acliuII orpr~
<br />~nlll.(l affect the ,"",unly hereof or the rigll\8 ,}f pow"r" "I lll'lldieiary ur Tru"to",: nUt! ..hall puyall CQ;;tl;w:;d
<br />llJtpelUl8ll. includil1t! coat of evidence of ntle and attorney'. Ie",.., "' any .u,h a,tion or proceetlillll in which Bf.'ll<lJiclary
<br />or Pfrut,et) Play appe.ar. Should Trustor fUll to mak., any pa.vmt-fit ,~r t.d ,.h, any itei. us una in thu nlanner provided--in
<br />any Q{ thia Loan. hhti.rumaUt:l. B~neficiary and/or TruHtec, t~u('h ifl it::. \Iwn Jie;crt:!tIIJU. withuulObliH'atiufi.W to d()>,alw
<br />without DOU't! to or deDland upon Tru~tor and w.thout rcl""..ng Truslor frum "IlY ublillattllll, may make or do tbll
<br />same in. liu.ch lnunner and to such extent Ug t.>iLht"r may dC(!Ul nt'{.'-t.~~~try to prot.ecl the security hereof. Trustor $~t
<br />iuulMdiately upon demand tnerefor by Bellef,ciury, pay ull ,'".,. and "'pellse. incurred by Beneficiary in <.'Onn\lCt;jon
<br />with &he eXefciae by beneficiary of the foregolug ri~ht8: il!~!t!du~~ ...-::.thu\i\; lirnii.utlun cuSIM of evidence of t.jt.le",~uf,lrt
<br />~. ap;>:>:.i:oalo, iiiUvVYlI and attorn"y'" f",,~, AllY aueh eu.t.. and "..pen..".. not paid within ten (1Oj days of writtlln
<br />~tl<i &hall draw intllrelit at the deiatLit rate pruvid,'<! Il1 the Nutl',
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<br />5. EMINENT DOMAIN, Should the 1'ru.~ BcUlw, or any part [jwn...,1 ur 11Ilkrell1 therein, lx' taken or damal!~-d by
<br />rauo.n of any public improve1tlt:lnt or t'Ondemnatiou pruc.t:t'd.in~, or III cHI}' utht'T mann~r including drl~ in lieu OfCOll(J~Jn-
<br />nation {.'CondemnationH), or should Trustor ret,:ive any nutlet" Ul' other iflldrm.Hiun r~gur<.hng. hllt.:h vron:t.l(hnh~ Trustor shull
<br />give prompt written notice thereof to Beotl[it.-1ary, Bencfl(.:iar)' li-hal! tw t:ntll!t..d to aJ! cumpcIUjutiufI, ilward~ dlU.1 other pfi,y~
<br />mente or relief therefor. ft...r:!d e..lta!! ~ antitJtd tH its optiun t.o t'OnUlkll! ,'. _q_'pt.ar in Hnd P({~l\\'Utt: in it.s- ",^li :iUlm:.uu,,Y adlull
<br />or- proc;::eed,mp. ~ iihaLI alao be ent.itit:d W Jndkc tiny {'omprOllll~t: ur ht.~Ujt"Ulctlt iu cunHt.'dJOH With NUt:h WkUlK ur
<br />damaie. All.l.ACh cumpeneat,ion. awardtt. dll1lUig~1 ri~h tti vI' uet!UH ~_~nd pr-oo. '~";;1J.."'i u.~' al'tit'4..i to Tr-u~or \tht: .. Prli~ "J are
<br />~by ~ to &rMtficiary an.ci Trutttor tlg~ U.f e.Xt'(~utt~ riw:h lunJu.'r Ub6igIHne.t1~ uftlw Pn:t(:('(>{U; ati Benef1dnryor
<br />~ may ""luira
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<br />6. APPOiNTM.EN"T OF SUCCESSOR 'rttU::rj't~E Ht'nl'fin,_.f\ lfI.J\'. [(hi'll tUlU' to tim~, h,V a wnit!:h !!!stnJ!lWnt
<br />a.~ and acknowleda:ed b;.' .Beneficiary, madt.,i t(l Tr-lQi.t<tll" d.nd !(I'H,nied In Uw ('ounl-Y in whIch tht: TrUt'lt ":Slaw l!.i
<br />located and by oth.-wiae complying with the prQVi.lllUt1~ of Ow (tt)pl-tl. '.a hie lltw IJ-fthe Stnu~ of Nehru-sku ~ub.Htttut.e u tiuc~r
<br />01' ~ t-O the TnuReo natn.tid wuin or tU:tUljJ ht!lCU!J.ft(.!,
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<br />7. 8UC-Cg~:'H~ AND ASaiGNS This Dt'Jt!d. of Trum aVJJjw~ t.u, ifiurr." to l,hc bt~u't':lit or and hlUtiH itU paml':'S iu..r~o.
<br />..... ~ 1~ ~ ptiQUr.al rtipl'aH!ut.tlttVi':b. fjU-CO:WJO{'n ...wd d~lW-Ot:L The term "kentdkuU'y" shaH meHfi the
<br />--- itDd hulder of l.be NoM, wheth.... or nut "","."l "" !:lend'.'''''"' !ll'rmlJ
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<br />, 8. fN8P~('''TION8. He.lJet'iciarYl or t-t8 il!l(li'nUi. tt!J;rt:t'HhUtt;.'H;;h \.{ \I;.Orklll\'H, an: U\HIH-it!i.tt'll Vi t'JlLt:l:' ill dllV n.'aMJni:.lhlt~
<br />ttme ~ ~ m..JlY_par\utthe TrWft Ea.ta,te (Ot tiw p-urJX~ 01 lh."'!--1'I'dwg ,}w t'tIHHe o'1fH.l for tlu: pW--pt.Jl:k' ,A' fjl,"rjt.i~mlug uuy vf
<br />t:bt... u .. Author~ to perform undur Uw tettll~ uf dU) ,)f tht: 1 ",~.il( Ilj.<i:1-ruml'H{e,
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<br />9". E\lE.Nl"S 0'" Dt:FAU1/f An.r uf tlw {UHOYfUito\: -t'V/J.',ntx "1i"l:~ "~, d~'nH'.d Hn f'Vt'iII .A fif'lHUh }wt~'uodf'f'
<br />_L._~.J T...tQr~~~~J hit b\'. {~<<;d tn tnakt' iH'.VUwot HI ,HI} l~tP;l~.lj;-Jl'~"IH <r; dd""f,.,t,t, P.r"iOi, lJ,a.<.H. \;f' pI HH'i}~"~ .lllti IHt",'n-st \>1' ,H.....
<br />l~ mm fM3CUf~ .H.1ff"e Y when d~Jt). 'Or
<br />tb~ Thw.., h_ oc<~W'l'iiIi" bre-.Qt:h fl:ft.i-f d~7fi]ujt Un(it~f lill\ t~'n:,",
<br />t,tf- wao tUtt.y ~..\..,ltajn.d U~ an)' ~l f ;hu 1.041'1-- .1nSLf\nrn1H~
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<br />c;..,;H'3"HH'.u! "'!ldtl-i.l,n. pt.,.\"j:-;,-j'(l, ('Vll';<I.o'.!1LHltHl
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