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<br />DEED OF TRUST
<br />CONSTRUCTION SECURITY AGREEMENT
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<br />'>84~~ 006168
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<br />THIS DEED OF TRUST is made this 20th day of ~,l"\fl=mhp,.
<br />19-1liL-,amongtheTrustor, nnJASTY HITFRPRTSFS, TNC
<br />(herein "Borrower"), AREND R. BAACK, ATTORNEY AT LAW
<br />(herein "Trustee"). and the Beneficiary, HOME FEDERAL SAVINGS" LOAJII ASSOCIATION OF GRANO ISLAND, NE
<br />a corporation organlzedand existing under the laws of NEBRASKA whoscaddressis 221 SOUTH lOCUST, P. O. BOX 1009,
<br />GRANO ISLAND. NE 68802 (herein "Lender").
<br />BORROWER, in.consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee,
<br />in trust, with power of sale, the following described property located in the County of HAl i ~
<br />State of Nwraska:
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<br />LOT ONE HUNDRED AND TWO (102), BEU1DNT ADDITION TO THE CITY OF GRANO ISLAND, HALL
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<br />COUNTY. NEBRASKA
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<br />which has the address oL
<br />
<br />~th ;::;nr1
<br />
<br />('r--rp
<br />, (STREET)
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<br />Grand Ts18nrl,
<br />(CITY)
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<br />58801
<br />(STATE '" ZIP CODE)
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<br />TOOl:-..HER with a1llhe improvements now or hereafter erected on the property, and aU easements, righ18, appunenances. rents
<br />(subje<:! however to the ri&hts and autborities given herein to Lender to t'allect and apply such =ts), royalties. mineral,olland gas~and
<br />profit., water, watet' right>, and wa~er >tock. and aU !lxtUtes now or hereafter attached to the property , all of which. including reptacements. and
<br />additions lherelo, shaJl bedccmed 10 be and remain a part of the property covered by Ihis Deed of Trust; and all oftbe foregoing, tQ8Clhewltb
<br />said property (or the leaseboId estate if this Deed of Trust i. on a leasehold) are herein referred to as the "Property";
<br />
<br />Nebraska
<br />
<br />(herein" Property Address");
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<br />TO SECURE to Lend~r {a) the repayment of the jndeb~edness evidenced by Borrower's nOle dated November ,] 984:
<br />(herein "Note"), in tbeprincipalsum of ., THIRTY SIX THOUSAND AND ND/lOO--------------------------- Dollars,
<br />"ilh interest thereon.pro~iding for ';lonthly i:mtallmcnt. of principal and interest, with the b~. of tbe lnd~, .if not~!""d,duc..
<br />and payable on Del..ember'J 200" ,"'.paymcn'.OflUlOUlCT_.
<br />with interest thereon, adviii\ctd in "","'ardance herewith to protect the security of this Deed of Trust; and the performance of !llecovCtlalltsand
<br />~~~~ of Bc~Qw~ her~!! coowned; and {b} t.lJe repayment of any future advances. with interest thereon, ma~ Lo Borrower by Lender
<br />pursuanl to paragrroph 21 hereof (herein "Fulure Advances' '),
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<br />Borrower t..'Ovenants thai Borrower is iawfully seised of the ~UU~ her~by conveyed and h~ the ri;.ht to ~~t and COiiTq the Pi'o~-.tj,
<br />that the Propert)' i~ U1lCDCum~; ~nd tM! Borrower wilt w~rn"n ~nd defend g~nera!iy the title to the Property spins! all cIa.i.1:n$ and
<br />demands, subjec110 lIIlY declarations, easements or restrictioos listed in a schedule of exceptions to coverage in any title insurance policy
<br />i~""'in;I LelIder'sinrerCSlin tbe Propeny,
<br />UNIFORM COVENANTS, Borrower and Lender cOV<mant and agree as [ollows:
<br />I. Pa,... of ~ ...111_. Borrower shaJl promptly pay when due lhe principal of and interest on the indebtedness evidenced
<br />by !be Note, ptepayment and lale chars<:> as provided in the Note. and the principal of and interest on any Futur~ Advances secured by tltis Deed
<br />ofT~U5i.
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<br />1, ..... '01' T_'" ~, Subj"''llo applicable law or to a written waiver by Lender. Borrower shall pay 10 1.~1\dQ' on the day
<br />l1l<lfllhly i~'" of prin<:ipallllll1 interest are payable under the Note. until the No!e i. paid in full, a sum (herein "Funds") equal 10 one,_Iwd!lh of tl;e yatly l..."..nd _tl wlUcb
<br /> may attain priority over this Deed of Trust. and ground rentsl>U the Proli"l'lY , if any, rn'usone.
<br />l....mn of ~.pfemium i~ (or h&anl insurance, pl", """.twelftb of yearly pfemium installments tor mort,. insurance. if any. aU
<br />... .....-lIIy l\Sti.mauId iAiUally ad ftOl1l time to time by Lenda' 011 the basis or _menu and hUh and I'CiiIOll&ble estimates thereof,
<br />The FlUIds t.ball be held in an illltitution!be ~. or accounts of which are insured or guaranteed by a Federal or .tate qetlCy (indudlnJ
<br />!.mdet ll' Len<ieI" is '"lkb lUl iMU!:utk>!1}, l.el:Illcr shAll apply the Funds to pay said ~, _s. in.urance pmni!ll1U and ar(lUnd tellIS,
<br />L.... "",y IlOl charat fot 10 boldiua &lid lfIllI~ lhe Fundll, analyzili& said account nr verifyitlB and eomI>ilina said ...-ent. and bills,
<br />u:llao ladiwpilJ$Borr_lIlterlOJt 1m u. Flind$.and lqlplkable law permit. lmder 10 make S\lch a clWJe. Borrower and 1.ender llla,v ~ in
<br />wt......at tm..u_of ex~ of thi. Decdof Tf'Uilit tbatlnt_t on the Fund..!lall he paid to Borrower, and unless sudus,_t i. lNl<k or
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