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<br /> • Deed of Trust
<br /> �,�w
<br /> 9� 100102 _
<br /> � ; _
<br /> i TMf3p�E�OFTRl/BTlsmededus�1�_dayW ilana�nl��r � 1p�,1-,by�ndbetwwn S�1l�QI�C P.- ifn6e�h ,
<br /> . ,•:�, �►:. A 3�na�. Perannr. .�.whN►w�onaamae.IherelnaltercWedth�"Tiu�ta"), _
<br /> .t ' ` `.'.� WhOf���1��M1RSli...�1.�2$.� �t.r r.e a rC1YOdr--IT� �QaO� - �
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<br /> ' ' ...,,......... NOAW$$T BANX (henlnNer call�d t1w"Tivatee"),whos�m�pinp addrass i� __
<br /> = b � Pn Aox 176A- Q_i._ R �aan� ,and NORWESl BANK �BRI�SIU NATIONAL AS3�IATI�L__,(heretnaltar �..=_--_____ - -
<br /> :.�`' a • CsWd�11�"Bin1lAf�l►''7:WhOt�mY(Yn0�dd/ati!s PO Hox 1768 Cr nd Io 7 and��� 6 aM _�
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<br /> '�Y; . WITNESSETH:
<br /> .-::,,
<br /> —�'�-'Y�"� �E'" IF THIS 80X IS CHECKED( J THIS OEED OF TRUST CONSTITUTES A CONSTAUCTlON
<br /> � '"� S�C�RITY AfvAQEMCrNT UNDER THE NEBRASKA CONSTRUCTION LIEN ACT AND CREATES, --
<br /> ,•��ir•� �� GRANTS ANA�9t�TUTES A CONSTRUCTION SECUAITY INlEREST/N THE PROPEATY _ _—
<br /> � ti,���;, l�iBCfifsFiQHARQINBELOW. ¢ _----
<br />` . • '`��°.; � WHRA�A&,T►�,¢� ►is Indebtad ta Senel',claryln Ihe p►tnclpel sum o1 �� ANF �runncenm Ai V F,HIJ�RFB sun ani i�� - _
<br />- -"�� D o l l A r a����+�.�u 0-..4�.-),w h k�h�n d d b t e d n e s s!s evldenced b y Tius►w's p ro miss o ry note dated Dgcemt+er 31, �p y�„,(hereinaftQr
<br />- ' cAl�d�►w"Mote'7,payable ta t/►e o►der of Beneficlary end having a maturity o/��.,3.5.-3��� • �'___—
<br /> ' � �.' NUW,THBR$fORfr,for dre pu�pcu�ot securing:
<br /> �•�=—:_--
<br /> � ` ' � (a) paym�ni of tha Nota,toyothar wNh lnterest thereon,late chwpea,prepayment penaldes,any luturo adv�ncea,end aB oxt�enalons, ,�;��,��_
<br /> �i"�.:_- -
<br /> , ,� • r' , mpdilFpadana,sub�G(hRlanp And renewals Mereot "r
<br /> ''' (b) paymanr of a11 othar sump,lees o►chergee,tpgefher wilh interest thereon,advenced to protect fhe security M thls Daed of Tivat�d ���_ _
<br />� '. ,� .F�ia. � ' '_ ..
<br /> � ' fhe Aormanaa of tha oovenanle and a reements ol Trustor,whefher a not sot/ath hereln, �-
<br /> �'� + pp g ., t"�'��,..-�`.:
<br /> ' (c) peAormanae,dlsahprge a/arrd compNance wlth every tem►,cavenent,obllgedon end apreement o�Tiusta conteined he�in a ;., .,*�_.__
<br /> - " lncorpaated by rele�ence a any other security Inshument at enytlme given fo secure fhe Nofe,and .��r�� `-
<br /> . ,�
<br /> ..,u'�', � . (d) fhe repeymant a�aN other sums a luture edvances,wlth Interest thereor►,whlch mey hererolorv have been a hereafter be edvanced _r �
<br /> �..
<br />..' • � ; r� � by Benel'ialary f�n Tiustor or Truaroi s successa ln lnterest or tlde, .: _
<br /> al!pl whleh ls herelnaRe►collectivsly celled the"Indebtedness", Tiustor lmevocebly yrants end tienalers fo lrustee,!n dust,WITH POWER � °��—
<br /> '�' � O F 3 A I.E.I h�f u Y O w J n 9 descdbed pm p e r ry: �`.���n�
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<br /> tio� One (1) Weatern Subdiv3sioa, Hall County. Nebraska. p,.--•
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<br /> • y � �,���: : together wi;ii.(!)all buildings,sbuctures,addiUons,enJargements,modUlcadons,�epa►rs,replacements,and Improvements now a hereafter �'�:':�_ _
<br /> ; k. .,;� located t�ereon,(li)all equlpment,machinery and lixtures(lncluding,wRhout IimitaUon,all lighBng,heating, ventllaUng,cooling,alr �, , :
<br /> • conditloning,spdnkling and pfumbing/lxtuies,water and power systems,engrnes,bolfe�s,ranges,ovens, dlshweshers,minors and mantels. - - �-.�-
<br /> '. . � carpeBng,lumeces,oll bume�s,eleverors and motors,relrigerallon plan�s or units,comrnunlcabon systems,dynamos,dansfoimers,elecMcal �•��•�*��•_��•°'`
<br /> equlpmenf,storm and screen windows,doors,awnings and shades)now or herea/ter atleched to,or built in,any bullding orlmprovement ;�.��
<br /> now a herealter Ixeted thereon,(!I!)all easements and nghls of wey eppurtenant there�o,(iv),aU lessehold estate,dght,title and�nterest o� t:�.�;...T
<br /> ••� Tiustorin and to all leases,whether now or herealte►eXlsting or entered lnto(including, wifhout limitadon,all cash end secunty deposifs, �`�� _ —
<br /> advence rentals end deposlts or payments ol a similar nature),pe►talning thereto,(v)al/rents,issues,pro/its and fncome Ihereliom(sub/ecf ;,�,.��w=
<br /> to Ihe dght oi Tiustor to collect and apply such►en►s,lssues.prolds and incnme es fhey become due and peyable so/ong as no event o!
<br /> " defeuM ex(sfs hereunder),(vi)all royaltles,mineral,011 end gas rlghts and prolifs,weter, water dghts,end water stock,(vii)all tenementa, ������"--
<br /> �� . ' heredRa►nents,privileges and appuRenances belonging,used or en/oyed!n connecoon fherewlth,and(wii)all proceeda of converslon, �T.�-�°
<br /> • volunlary o►lnvofuntary,o�any o/the/oregWng into cash or Ilquidated c/aims(including,wlthout flmitat/on,proceeds ol lnau►ence and '�;,,,K w�= �
<br /> • o condemnedon awardsJ,all o!whlch!s here(na/ter collective/y called Me"Tiust Propeny". ����,�; �.._
<br /> ' TO PROTECT THE SECURITY OF THIS DEED OF TRUST,TRUSTOR COVENANTS AND AOREES AS FOLLOWS: � -.--
<br /> 1. Tlfle.Tiusror covertants,warrants and agrees wAh 9eneliciery.its successors and asslgns,that Tiustor owns/he Trust Prope►ry l�ae .
<br /> —_�_ �� /rom any p�lor!!en or encumbrance,that MJs Deed o!irust!s and wlll remaln a valid and eMorceab/e Hrst lien on the Tiust Prope►ty. ,�.:;_!�v�_`
<br /> thaf Trustor,at rts expense,wlll p►ese►ve srich litfe and wfll malntain tlMS Deed of Trost as a Nrst and paramount lien upon the Trust '';*" --
<br /> � ,,.�,:rLS..Y—
<br /> � � '; Pioperty and will laever warrant and de%nd the valldity and prionry o!the lien hereo/aga(nst the clalms of all persons and per6es :.:.::.:.... .:�,.
<br /> Q '�•+.' � Wh01t9SOBV6I. TIUSfOI�at Jfs expense,wlll cause this Oeed o!Tiust,end each amendment or supplement hereto,to be 11fed end ' ' �_,
<br /> '�������•� � reCO►ded as a moRgage o!fhe Trust Prope�fy In such manner and In such place and wlll take such action as!n fhe opinlon a�Tiustee - "
<br /> • v ..�: - ..,_ --
<br /> may be�equlred by any present or luture!aw in order ro perfect.malnfain end prulec[Ihe lien ol this Oeed of Trusf,as the stune may ;
<br /> , • be smended o►aupplemenfed!rom dme to tlme. Trustor wJl!make such lurther assurance or assurances to perfect its GNe to the Trust .:��-
<br /> .• Piope►ty as may be required by Beneliclary.Tiustor he►eby►ellnqulshes all rlght of dower and homestead fn end to the Trust Prope�ry.
<br /> � • � � 2. Payment ol Indebtedness.Trustor shall punctually pay the principaf ot and�nterest o»the lndebtedness secured he►eby. - .
<br /> ." ' �'": 1 3. Consbuctlon ol/mprovements. Trusta shall complete in good and workmanlike manner any buildings, improvements or repairs relaOng
<br /> � `�•- � thereto whlch may be begun on the Tiust Property or contemplated by the loen ev�denced by the Note secured hereby,ro pay when ��,
<br /> � �t'a•�� • due all casfs and qablllties incuned therelo�e,and not to permit any conshucUon lien against such Trust P�operty. In fhe event
<br /> � conshucGon of buifdln s,lmprovements or repalrs are contemplated,Trustor elsc egrees,anything in fhis Deed ol Tiust to the conf�ary � 1 ' ,
<br /> noAWthstanding;(a)to prompt/y commence any such work and to comp/ete the proposed improvements prompNy,(b)to complete fhe ;
<br /> seme!n accordence with the plans and spacil�cetions as approved by Beneficiary,(c)to comply w�th aIl tho terms o/a bwlding(oan '
<br /> egreement,il any,befween Trustor and Beneliciary,the terms o(wh�ch are incorporated herem by re/eience and mede a part hereof,
<br /> (d)to elfow BeneNciary to mspect the Truat Prope►ry at all hmes dunng consnuctron,and(e)to replece any wo�k a m�tenals
<br /> unsatlslacWry to 8eneli�iary withln l�f[�en(15)days altor written nobce Irom Benehc�ary o�such lact. •
<br /> 4. Funds for Payment of Charges.Subject to eppllcable law or to a wnnen wa�ver by Benelraary, 7rustor shall pay to Benel�nary on the
<br /> �� fi►st day ot each month,or suCh othe►de�e eaCh month as mey be speal�etl by Benehciary,unh/the Intlebtedness 1s pa�d�n lull.a sum
<br /> ' (herelnalter celled the"Funds")equal to 1 12th ol fl�e yearfy taxes and essessmenls wh�ch may atta�n pnonty over this Deed o/T►ust
<br /> and ground rents on fhe Trust Property.d any,pfus 1 12th ol the yearly premwm installments lor harard rnsurence,plus 1 12th ol the
<br /> � yeady premlum installments ta moRgage�nsu►ance.�f any.all as reasonably est�mated�nihally and from hme to pme by Benehc�ary o0
<br /> � ` _,_ fhe basis of assessments and bdls and reasonable es►�metes thereo/. The Fund;Shall de held in en�nstiWhOn,fhe deposds or
<br />. ' __".._�_r...�:_�_�.__.....�_'�""�........�/.....r...+.....�.....�..�.,e.,e.�..�..nn1,�iI:M Runelln�ani RO/f011/`IAN CIIA/I AI1f1IV MA FlI/IdS�U
<br />- ."""•� -�I ���-T'.t" Q{�4VVI110V/A/II{�11OIOIIIJY�Q�/N aYO�P���O�au��u ra.v��M.v.��M.�r ry�..v� ..,��..�.�.�.
<br /> ;I�. . 1 .
<br /> • pay said taxes,assessments.insurence prem�ums and g�ound rents Bene/�ciary shall not be required to pay Trustor any�nferest or
<br /> � `' eamings on the Funds.Benelrciary shall grve to Trustor,w�thout charge,an annua�accounhng o�the Funds show,ng credds end
<br /> debits to the Funds and the pu�pose for which each deb�t to the Funds was made.The Funds are pledged ns add�honal secunry!or
<br /> � fhe Indebtedness secured by fhls Deed ol Trusf. /f the amounf ol the Funds heid by Benef�crary. together wdh the/ufure monthly
<br /> � lnstallments of Funds payable pnor to the due dates of taxes,assessments.rnsurance oremrums and ground rents.shafl exceed the
<br /> amount required to pay sa�d taxes.assessmenrs,msurance prem�ums end ground rents es they lall due.such excess snnil be.at
<br /> Trustor S opGOn.either prompdy repa�d to Truster or credrted to Irusto�egamst t�ifure monthry ms�allments o/Funds ll the amount oi
<br /> fhe Funds hefd by Benet�aary shall not De su//ic�ent to pay taxes.assessmenfS. �nsurr�nce prem�ums and ground rents as fhey laii due.
<br /> Trusto►shall pay to Benehc�ary eny amount necessary fo make up the defrc�ency wdhrn th�rry days lrom fhe date nonce rs ma�led by
<br /> Benelic�ary to Trustor requesbng payment thereo! Upon payment in lull ol all Indebcedness.Benelrc�ery shall promptly ielund to
<br /> Tiusta any Funds held by Beneficrary. It the Trust Properry is sdd under the power ot sale or the Trust Properry�s othenase acqwred
<br /> by Benehc�ary.Benel�crary shall appfy.�mmed�atety pna to the sale o/the Trust Property or�ts acqu�sdrun Dy 8ene►�c�ary.any Funds
<br /> he/d by Benehcrary at the Ome of applicahon as a credd aganst me lndebtedness fl Benehc�ary executes a wnKen wa�ve►ol Trustor s
<br /> Ob►iga6ons under fh�s pa►ag►aph 4. T►ustor covenants and agrees ro pay. betore trte Same become derrnquent.a�!taxes.assessments.
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