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<br /> " • • THIS DEED OF TRU9T is made as of the�day of , 1992, by �:;,�.�__�--- -
<br /> OR" , whose �` -�0.' `
<br /> �� and among PMS INVESTMENTS, INC., a Nebras{�orporati , ) .{„�,,,�;,�_--r_:__-_:_
<br /> __ �._. meiling address ie: P. O. Box 647 DTS, Omaha, Nebrask 6 101, -- �
<br /> � _ _�;.._�''=-.:,° -
<br />� � „ and TRW TITLE INSURlWCB COMPANY ("TRUSTEE"), whose mailing address is: P. 0. �_'_ '
<br /> ^:• � Box 627, Grand Island, Nebraeka 688Q2; _--------
<br /> � � `�«t :.7Ct�t:�ata:s�`..
<br /> ^• � .. and WILLIAM W. ROBERTS a�d MARJORIE A. ROBERT3, husband and wife as joint ��;��,�•.,v�
<br /> tenents, ("BENEFICIARY") , whose mailing addresa is: P. O. Box 18a3, Grand •-��� - ,,;•- ,�;;_
<br /> m a... :.. a. _.
<br /> , , island, Nebraska 68802. —"'�"'''`��--
<br /> �� ^ FOR VALUABLE CONBIDERATION Truetor irrevocebly transfers conveys, and �"'���¢=
<br /> � � • �� assigns to Trustee, IN TItUST, WI�'H POWER OF SAI,E, for the benef�t and security ••.,,.���
<br /> of Beneficiary under and aub�ect to the terme and conditlons of this Deed of . �;__,,�_—..—
<br /> � ° ������ ..• � Trust, the rea� property loca ed in the City of Grand Island, County of Hall, � . .,�,;�_._
<br /> � - -� State of Nebraska, and legally described as follows: (the "Property"): •,,.��,t= __
<br /> S - r:...._._
<br /> • Lot Two (2), Pichler Subdivision, Hall County, Nebraska. .
<br /> � .,, ;�.;�;.-.-
<br /> hereditaments �� Y�"'�-°
<br /> TOGETHER WITN all rente, easements, appurtenences, . �•_=�-
<br /> intereste in adjoining roads, streets and alleys, improvements and buifdings ._Q_
<br /> ti r --
<br /> of any kind situated thereon and all personal property that may be or ;�.T�_= _
<br /> hereafter become an integral part of euch builainge and improvements. ,;. ,,F;-.�
<br /> . �..,., �
<br /> ., j.�;__;.
<br /> The propert and the entire estato and interest conveyed to the Trustee .:«„���.�
<br /> are referred to collectively ae tl-�e "Truet Eetate". ;i�`y�:•'.:':.,_���
<br /> � FOR THE PURP03E OF SECURING: . ' ,
<br /> . .. ♦�..a�1���4.�.�'j �
<br /> a. Payment of indebtadneas in the total principal amount of �50,000.00
<br /> --- - = with interest thozcon as evidencAd by the certain Promiasory Note of even � � !_,�
<br /> ' i date (the "Note") witfi a maturity date of February 1 1y97, executed bY �--- ;;, .
<br /> Trustor, which hae b@en delivered and is payable to �he order of Benef3ciary,
<br /> • � and which by this reference ie hereby made a part hereof, and any and all � ,.,.�,..,,_.r,_..�.�:-
<br /> modificatiana, extensione and renewals thereof, and, •:f�`,-��� �=-
<br /> ,4.C�;'•-�v►r��a
<br /> � � b, Payment of a11 sums advanced by Be�eficiary toercentcte�h�nn�st ��:,Y�(�_�;.•, .���
<br /> ' �state, with interest ttiereon at the rate of eight (8) p P .. .11 R{.y� �
<br /> , � This Deed of Trust, the Note, and any other instrument given to evidence �_ . . �y L:
<br /> -' or further secure the payment and perfarmance of any obligation secured hereby
<br /> are referrod to collectively as the "Loan Instruments". �- �
<br />' � TO PROTECT THE SECURITY OF THIS DEED OF TRl13T: ���'i�-_ �
<br />, .,-. -
<br /> l. PAYMENT OF INDEBTEDNESS. Trustor shall eay when due the principal ` "•i: �.::��
<br /> ' ` , •� of and the n eres on, e n e tedness evidenced by the Nota, charges, feea � ,;�:�-
<br /> ' ��'� ti.��:, an`d al l other eums ae provided i n the Loan Inetruments. � . _. .. __
<br /> 2, TAXES. Trustor ehall pay each installment of all taxes end special k' '=
<br /> � � assessments'o�every kind, now or hereafter levied againak the Trust Estate or - ,;
<br /> � any part hereof bafore delinquency without noticQ or demand, and shall �
<br /> provide Benefic�ary with evidence o� the payment of same. Truetor shall pay �, W;,�:_-.-�_'
<br /> all taxes and asReeaments which may be levied upon Beneficiary's interest � •w �
<br /> herein or upon this Deed of Trust or the debt secured hereby, without regard • s�;
<br /> to an law that may be enacted imposing payment of the whole or any part k jy,�`�•w,.;_
<br /> thereof upon the Beneficiery. , -•
<br /> 3. INSURANCE AND REPAIRS. Trustcr shall maintain f ire and extended
<br /> coverage insura ce nsur ng e improvements and buildings constituting part � ..
<br /> .'., � of the Trust Estate for an amount no less than the amount of the unpaid '
<br /> ,;; � pzincipal balance of the Note (co-insurance not exceeding 80� pern►itted) .
<br /> ' Such insurance policy shall contain a standard mortgage clause in favor of
<br /> Beneficiary and shall not be cancellable� terminable, or modifiable without
<br /> ten (10) daye prior written notice to Beneficiary. Trustor shall promptly
<br /> ' repafr, mainta3n and replace the Trust Estate or any part thereof so that, .
<br /> nocevent�shallithe Trustornconunit�westeTonBOrEtoathe3TrustnEetateeriorate. In
<br /> In addition to cc;sualty insurance, Trustor shall provide and pay the
<br /> premiume on comp rehensive Liability insurance covering the premislawsuats, and
<br /> �rotecting the Beneflciary and Trustor from all claims, demands,
<br /> �� udgments arising out of injury to persons or damage to property occurring an
<br /> �he property. The coverage shall be in an amount of not less than �500,000
<br /> single limit for badily injury and property damage. The Liability nsurance
<br /> and casualty insurance may be procured in a^s�nglerpoliiciwR �hallenameained
<br /> in separate poiicies. In ai�y CVCII�.� s...... �.-=-- ar, and
<br /> eenef3ciary and Trustor as insureds as their in�eres�s may appe
<br /> eenef showingsthelinsuranceato betinafulltforcetandfeffectaateall timescduring
<br /> copy
<br /> the term of this Deed of Trust.
<br /> 4. AC'CIONS AFFECTING TE2U8T ESTATE. Trustor ahall app�ar in and contest
<br /> any action or procee ng purpor ng o a fect the security hereof or thQ
<br /> rights or powers of Beneficiary or Trustee �nd shall pay all rensvnablinc8nts
<br /> and expenses, includinc� cost of evidence o� title and attorney's fees, y
<br /> Trustortfail toPmakc3eany9paymentcorgtoedocanyYact asuendein�Ehepmanner Should
<br /> I
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