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<br /> � � .¢ • _ oam or r�r 92" 10 0 216
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<br /> - o THIS DEED OF TRUBT is made ao of the day of January 1992 bY e�d
<br /> amortg RICK 8. JOHNSON and PATRICiA A. JOHN� huaband and wi�o ("'�'RUSTOR"),
<br /> , •+�• �-::,;,;, _, w h o a e m a i l i n q a d d r e s s i s s 3 8 2 0 E a e t 8�e811n y Mila, Grand iclan�, N�braoka
<br /> ; � 68801j ` �
<br /> ^�-• ���"°`"��° and DUANE A. BURNB Attorney, ("TRUSTB�"), whoo� mailinq addr000 ias P. O.
<br /> `'.�_ � -�H"�}- - •`�� Hox 2300. Grend Ia�and, Nabraaka 68802;
<br /> •�,. , , . _
<br /> �., ':; ar�d TRANSPORTATION EQUIP!lENT CO., IN�C., a Nebraeka corporation, -
<br /> � � � � "BENEFICIARY"), whose mailing eddroae ias 407 North 8'nady Bend Road, (irend
<br />;,�,;R—�,�.,.: :. . . �alend, Nebraeka 6H801.
<br /> '��,�e..:� . .,� �
<br /> ;�,•. FOR VALUABLB CONSIDERATION Trustor irrevxably transfere conveye, and
<br /> ;�,y�;,.�. : ,,r. nsaigns to Truetee IN TEtUBT, WI�!'H POWER OF SALE, for the benef�t and security
<br />^ �, �;;.•:�•.. of Beneficiary un`der and sub ect to the terms and conditions of this Deod of --
<br /> A�M:� ; Trust, the rea� property loca�ed in the City of Grand island, County of Hall, _
<br /> . :,�.;: Stato of Nebraeka, and legally described ae followa: (the "Property"j:
<br /> '�'� A tract of land comprising a part oY Lot Three (3) ___
<br /> ''-=�� ubdivision, an Addition to he -
<br /> � °`�'�"- Fairacres Dairy Third S � -
<br /> k���`,.:,.�
<br />��� � City of Grand Island, Nebraska, more articularl
<br />,���:, ;,, '�, -.. � �
<br />.yztc ;.�r. ••, ,. described as followa: 8 inning at t e 8outhwes
<br />- • corner of said J,ot Three�3)• thence Northerly along
<br /> 4 j .:�,� . the Westerly line o£ said Lo� Three (3) on an aesumed _
<br />��•�: �: - bearinq of N00°00'51"E, 547.73 Feet ta the Northwest -
<br /> - :. . .• ..'� corner of eaid Lot Three (3 thence 388°51'S5"E along
<br /> � �� the North line of said I.ot �{�ree (3), 620.59 Feet; __-
<br />�`�' �' � thence 3Q0°20'28°W alon a line of said Lot Thres (3)
<br />.�i_i.�_S'° ��: O 1 11
<br /> �fi;:{M., �_'. • 10.0 Feet; thence 888 5 10 E along a line of said Lo�
<br />�•-�`�°« '�'� ' Three (3), 75.0 Feet• thence 300°20'28"W alon� a line
<br /> ""�'�' �� . of said �,ot Three (3s 99.85 Feet; thence N88 48'06"W, _
<br /> sfF �J, •i..
<br />��`'��� �� � 164.7S Feet• thence S60°11'37"E 427.72 Feet to a
<br />.����•� ' �'��` • ° carner of said Lot Three 3 , t�ienae N89°57'03"W along ��"
<br />`:'�`� . i.�. ' '�•�': a line on said I,ot Three �3; 531.71 Feet to the place __.-.
<br />,��-��� � • of beginning and containing �.0006 acrua, n►oYe or �
<br /> , .. � lese.
<br /> • . , ;, . �„ „ , , TOGETHER WITH all rente, easements appurtenances, hereditaments
<br /> , interesta in adjoining roads, streets an�d alleys, improvements and bui�dinqs �y_
<br /> �,' ' . • •• of any kind situated Ehereon and all personal property thet may be or
<br /> ': � � hereafter become an integral part of such buildings and impzovements.
<br />: ',�,. ; .
<br /> , The property and the entire estate and intereat conveyed to the Truetee �"'
<br /> are rQferred to collectively as the "Trust Eetate".
<br /> ' • • FOR THE PURPOSE OF SECURING: -
<br /> • � � �' ., [*_;.,-.
<br /> � +�. Payment of indebtedness in the total principal amount of ;10,000.00
<br /> ' � with intereet thereon as evidenced by the certain Promissory Note of even �."
<br />; �� ' � � � date (the "Note") wit{� a maturity date of July 10 1995, executed by Truetor, �•
<br /> • , �� � which has been delivered and is payable to the or`der of Beneficiary and which
<br />.. . . by this reference is hereby made a part hereof, and any and all mod�ficatione, �„_
<br /> , ' ° • • exteneions and renewals thereof, and, �_._
<br /> �; ' . .___.
<br /> . : ,;A,=•" b. Payment of all sums advanced by Beneficiar to protect the Trust �;;,_
<br /> ' • • U' Eetate, with interest thereon at the rate of ten (10� percent per annum.
<br /> _
<br /> . w " This Deed of Trust, the Note, and any other inetrument given to evidence �
<br /> � or further aecure the ayment and performance of any obligation secured hereby
<br /> 7: . � are referred to collec�ively as the "Loan Inetrumente". --
<br /> � " TO PROTECT THE SECURITY OF THIS D6ED OF TRUST: �.W':'
<br /> 1. PAYMENT OF INDEBTEDNS33. Truator shall pay when due the principal
<br /> �� � of, and the n eres on, e n e tedness evidenced by the Note, charges, fees
<br /> and all. other sums as provided in the Loan Instruments.
<br /> �
<br /> . 2. TAXES. Truetor shall pay each installment of all taxes and apecial
<br /> �� assesaments o every kind, now or hereafter levied against �he Trust Eetste or �
<br /> � •� any part hereof before delinquency without notice or demand, and ehall
<br /> provide Henefic�.ery with evidence o� the payment of same. Trustor shall pay �
<br /> • all taxes and assesements which may be levied upon Beneficiary's interest �
<br /> herein cr upon this Deed of Trust or the debt secured hereby, without regard �
<br /> to any law that may be enacted imposinq payment of the whole or any part +
<br /> thereof upon the Beneficiary.
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<br /> 3. INSURANCE AND REPAiR3. Trustar shall provide and pay the premiums
<br /> on comprehens ve y nsurance covering the premises and protecting the �
<br /> Beneficiar� and Trustor from all claims, demands, lawsuits, and judgments
<br /> --i-'-- -c :_i...... �.. .. .. .7.....e.... �.. NMAt10YYV Mf�ll1`f`�►IR nn tha
<br /> ' oiiaiu va� va .iu�u�= ......0"� ". ..........7.. .. r�_r__' -- -
<br /> proper�ty. The coveragevs�iall be fn an amount of nat fess than$300,OU0 single
<br /> • limit for bodily injury and,property damaqe. Such policy ehall name
<br /> Beneficiary and Trustor as insureds as their interests may appear, and
<br /> • � Beneficiary shall be provided with a Certificate of Insurance or duplicate
<br /> � ' � theYtermwof9this DeedrofcTrustbe in full force and effect at all times during
<br /> . 4. ACTIONS AFFECTING TRUST ESTATE. Trustor shall appear in and contest
<br /> • � any action or procee ng purpor ng o a fect the security hereof or the
<br /> rights or powers of Beneficiery or Truatee, and shall pay all costs and
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