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<br /> � ;Y TNI� DBED OF TRUST ie made as of tha ay of January, 1992, by and
<br /> • amonq EIBLYN A. JOEiNSON, sinqlef ei►d VICTOR 88AU and ROHB[tT I. 6�AU, her
<br /> ... .:�.�i� hUQb�d� �M�US�Rn�/
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<br /> .�'6"'�.�"_, NI'Wfi4 mail.ing nddro�a .ta: 425 Claude Road, Grand Islend, Nobraaka 68803;
<br />;�%�-•... . . .
<br /> _- •� and '1'�tW TITLE INSIJRANC6 COILBIINY. c/o Cirand Ialend Abctract, E�crow G Titla
<br /> _ R-�. . .. ,, � . co., �("TRUSTE6"3. — —
<br /> _�.��-.�4�. , -. ;
<br /> -T::���;�,�. , �:� whos� mail.inq addroec is: P. O. Box 627, Grand Island, Nabraska 68802; _
<br /> :�:'�:.`fi� �. • •'°.,. _
<br /> „s,,p�.;.-.,�•_;� __ actd �JALE J. ROHWEDER and SBTTY L. ROHPiEOBR, husband and wiga as joint L_ ,
<br /> }`;m�,1�� ,-� tQnen�t�, ('`t3KNLFiClAItY").
<br /> �:.,:�*•� whose� mailinq addrQaa i�: 418 North Eddy Street, t3rand Island, Nebraaka _
<br /> - -�--- --- 688Q1.
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<br /> , � ' .� � FoR VALUABLE CONSIDERATION, Trustor irrevocably transfers conveys, and ��°�
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<br /> � „ aesigns to Trustee IN TRUST, WITH POAIER OF SALE, for the benef�t and security �-�_::
<br /> �..';�,��', . � � af Beneficiary under and subject to the terms and conditione of thie Deed of
<br />.,',..,,,.. �' Trust, the rea� property located in the City �f Grand island, County of Hall, ���r�=-
<br />•� .,t:��. ,� Str�te of NQbraska, and legally c�scribed as follows: (the "Praperty"):
<br /> „}• �1�Y;`,;. ,�� , ;i — __.
<br /> �tF,',�� •' ,L,; The Southezly On�e-Half (3}) of Lots One (1) and Two (2) in Block �^
<br /> -�'�' '� � •� ,. '�`����fi Hall �ountyn ��1�i�Wraska�k's Addition to tk�e City of (irand Island, �_ _
<br /> .i;; ':, ,�� �;ti�:.:.
<br /> r� f �, ,�,,� � TOGgTHg.R WISH a12 rents, easements, appurtenances, hereditements
<br /> , „�a�, , � interests in adjoiniag� roaas, slrnata and allsys, �p rovements and bui�.�ing8 — -- __
<br /> ;,� ,.�� i;, of any kind situatecl thereon and all personal roper�y that may be or ,�-�._
<br />:;��, : . ' ,'i���5;;. hQre+after become an integral part of such Duil�ings and improvements.
<br /> ,` . —�.
<br /> The pro erty and the entire estate and interest conveyed to the Trustee
<br /> ���� ' . are referred �o collectively as the "Tzust Eetate". �
<br /> �.i�l,t;:;. � FOR THE PURPOSE OF SECURiNG: :�, +'�
<br /> 'Y.'�'- ': • .�t t•' �.
<br /> . } i:!"�,;,
<br /> ,�,,)4 a. Payment of indebtedness in the total principal amount of �45,500.00, , _.;,�J;;• ..y,�,
<br /> • • ''�, , �.,'��`<}'`'��.,; with interesE thereon. as evidenced by the certain Promissory Note of even .• � •r•� •�,
<br /> ,,�^�',.'. � ,:l;k,���„ date (the "Note") with a maturity date of Januazy 1, 1999 , executed by "
<br />_ 1, , , Trustor, which has been delivered and is payable to the order of Benoficiary, �----�;,_.
<br /> � �' � ' ���' an3 which by this reterence is hereby made a art herQOf, and any and all
<br /> ���-
<br /> ' ' `�� • ���� mo�3ificatione, extensions and renewals thereo�, and, - _-
<br /> , .^�,,.,, �,`:•=_
<br /> . :�.:ir,::r;;, +�ti1}'-
<br /> �.:;�„r,,.,��r b. Payment of al l sums advanced by Benef iciar to protect the Tr us t ,.:-;: .,,,_
<br /> '�;+},�"� Lstate, with interest thereon at the rate of nine (9� percent per annum. ` k�-
<br /> � �•� � ;t`� -
<br /> ' ,�t. ;� ,' This Deed of Trust, the Note, and any othar instrument given to evidence � '��:
<br /> ; 1 1;,.. .,��� ,� ot further secure the payment and performance of any obligation aecured r�reby ���,;,
<br /> , � � '� � are referred to collecti.vely as the "Loan Instruments". _.,.�;
<br /> , ',\,.;� �iii�;'u�•.._
<br /> � !� TO PROTECT THE SECURITY OF THIS DEED OF TRUST: �'��s'" -- _
<br /> '� 'I�r,��.. �"'.: ���.�a�, � a :�
<br /> , :� t,`,, ., ; 1. PAYMENT OF INDEBTEDPTESS. Trustor shall pay when due the principal �_�
<br /> of and the in eres an, e in e tedness evidenced by the Note, cherges, fees ,� -
<br /> � �•'�?�'.���: ,. . and all other sums as provided in the Loan Instruments. ?���'":�` �-
<br /> , . ' ��. .. :.i7,-• tl--_
<br /> � ;�; . 2. TAXE3. Trustor shall pay each installment of all taxes and s ecial
<br /> `.'•�.,'� °:+ '•� assessments of every kind, now or 6ereafter levied against the Trust Es�ate or '
<br /> �'� � � ' • � '' any part hereof before c3elinquency without notice or demand, and shall �
<br /> �`''��� � provide Benefic�ary with evidence o� the payment of same. Trustor shall pay
<br /> � all taxes and assessmente which may be levied upon Beneficiary's interest
<br /> �� here3n or upon this Deed of Trust or the debt secured herebx, without regard
<br /> �• ',, to any law that may be,enacted fmposing payment of the whole or any part
<br /> `' i, thereof upon the Benef iciary. •
<br /> �f:�; :
<br /> ,' �����'�.'"� 3. INSURANCE AND REPAIRS. Trustor shall maintain �ire and extended �
<br /> ', • � coverage ins rance insuring e i.mprovements and buildings constituting part • .
<br /> � of the Trust Estate for an emount no lese than the amount of the unpaid � �
<br /> principal balance of the Note (co-insurance not exceeding 80$ permitted). �
<br /> Such �nsurance policy shall contain a standard mortgage clause in favor of ,
<br /> Beneficiar and shall not be cancellable, terminable, or modifiable without
<br /> ��: � � � ' � ten (10) days rior written notice to Beneficiary. Trustor shall promptly •
<br /> � ..si.. �.e:.,rn�., A�� roetaca rhe Trust Estate or anY part thereof so that,
<br /> • ^�Tr� except�for ordinary wear and tear, the Trust Estate shall not n�teriorace. in �
<br /> , ; �� �.. •� no event shall the Trustor commit waste on or to the Trust Estate.
<br /> ', ;,�
<br /> • In addition to casualty insurance, Trustor shall provide and pay the
<br /> ,� • �.. premiums on comprehensivg liability insurance covering the premises and
<br /> rotecting the BeneficiarY and Trustor from all claims, demands, lawsuits, and
<br /> � udgments arising out of injury to persons or damaqe to property occurring an
<br /> � he proper�y. The coveraqe shall. be in an amount of not less than �300,000
<br /> •• , sinqle limit for badily injury and property datnage. The liability insurance
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