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<br /> '� +n COHSTRUCTI�IN S��UAITY INT'ciIEST �
<br /> i � �0���� '•1 t �__l.
<br /> g '� T►�4 Apra�nwv »cww an aWqar,on �hi�A tiw �rvua•
<br />.- I . D�01a{ncwt�d!u IM pwwfc d �uUnp in�rorai•wnn
<br /> I . DEED OF TRUST � �•N �� wlwcA 1Ae c�..K�.,. �,�.
<br /> YNIS DEED OF YHUST,mtde thi� 2�� d�Y of J�ntra�► . __.. . �9—�----��� _
<br /> Ne�aN L. Ra,�. a sir�le nexsazZ a�T�usWr, �
<br /> Firolter Bank,lVatlonal Associatlon,Omaha,Nebraaka as Tro�i+ae. _
<br /> ; FlrsTier Bank.M1latlonal Association,t7maiw. iw�u�a°o::� a�eatt�liC:^r;: �'
<br /> R
<br />:. � WITNESSETH: �.
<br /> Th�!Trustar irrovocabty yr�nls,transtets�nd essl9ns to Trustae In Vu�t with power of sale,the tollaw►n�desCribed �
<br /> pr�t�� Lot �nty 4'�e B i21B) � Bl�dc Q� �11, � Iake F.9tates �
<br /> Subdivisinn. in tl�e City of Grauxi Island. Hall. Qowzty� _
<br /> N�r�k�a. -
<br /> togethe�with ait in6e�es9 which Trustor �ow has o�may hereafter aaQuire irt artd W said property and in and to:(a)all .
<br /> easemer�ts and ri�hta o1 way appurtenant thereto;(b)all tenements.hereditame�ts,buildings,structu�e�improvemants.
<br /> fixtu�ea equipment,tum(�ings and appuRenances now or hereaRer placad thereon�lc)ell�easeito�d estam+rpht titt�,
<br /> and�terest of Trustor in a�d to all leases or subleases thereof or any portlon thereot now or htxeafter exfstt�g o�entared
<br /> _— into,s*ad all�igh�title,and interest of Trustor thereundv�,including,without limitation,all cash or seciuiN det�tb.advance
<br /> � rent�Es,a�d deposits or payme�ts of aimiiar nature,end(d)atl mineral,al,yas�ights and profits„water,waYer rights.and
<br /> ,� water atxk Trustor agrees to execute aru3 delive�.irom time to Ume,such turther instruments a+rt►aY be requested by
<br /> — Beneficlary in form and substance satisY�ory to 8eneflciary to confirm the lien of this Deed of Trust on any of the
<br /> �� af�rer�entionec►property.The proper�r so�nveYed a TrustEe hereunder is here+naiter ret�edlo ss"such P�oP°itY"
<br /> -�� TheTrustorabsdutelyandiRevocab�rgcants,trarls6�ssandassi�nstoBeneti�L�sytharents.income,iss�.we�,andprotits _
<br /> oi all property coa�ced by this Oeed at Trust
<br /> ::'�1 ..
<br /> ,,� FOR THE PUA�S��F SE�i1RlNG:
<br /> 'i Zt►�u humcirec3 tti.rtv ttnusarxl 2md no/1Q0----- —
<br /> . v �_ a.K.�wntnf tf�nrincival sum oJ T —
<br /> — " ($Z30,OOD.00j D�l:l.�'u5-----'� � -
<br /> ` � evidenced by the ceRain promisswy notedated oteven date herewith(harelnat0er refanedto asths"Promiasory►No�'�
<br />-� executed by L. Rae
<br /> in said amount and payabieto the order of 8eneflciary maturiny on ��t 26, 1996
<br /> — togeti�with interest tt�ereon.late cherqes.end prepaYment bonuses accoraln�to the terma of tl1s Promissory NoM
<br /> - and at!rane�rals,extension�,and madi�ications thereof.
<br /> — 2, perfom�sce,d:scharge ai and com��a�ce with every ob�igation.cove�ant and a�reement caf Trustor incorpo�ake�f by�
<br /> � re6erence w contained herein or in any other security agreement o�dee@ ot uust at any time plvert to secure any
<br /> indlebtedness hereDy secured.or a�y pa�t theraof.
<br /> 3. Payment of all tees and charyes oi Benaficiary or Trustee,whether or not set toRh herein.
<br /> TO PROTECT THE SECURlTY OF THIS DEED UF TRUST.TRUSTOR COVENANTS:
<br /> = TiTLE:Thai it i�Iawtully seized and pessessed of a good and indeteasible�tle and estate to all of such property in tee
<br /> simple f�ee t�arr ar�y pric�Uen or encu.ar�ance,has good right arsd�awful suthority to convey the same,and wt��tore+ie�
<br />'�� warrani arid�[r�nQ the title titereto e�slRS#the claims and demacna�s of all persons whosoever;that�t will.at its expense.
<br /> '= mair.fain and preserve the Ilen of tws Qe�oE Trust as a Tirst and paramount lien upon such properht•
<br />;� IuRAlNTENANCE To kee�t wch pro�art�in Qood cccrcfitton and ropair.to comR=ete or�estore�omPtiY�d��pood end
<br />:°',I,� workmanlike manne�eny building whicts may be constructed.darna9ed or destrcYed theroon a^d to p�g�.when due,all
<br /> ctaims�or Isbac pertormed and materialsfwnishad therebre and f�c any alteratio�s thereol;tc�compiy wr�the provisions
<br /> �,� a atl insurance�paliaies�over�ng s&Id�lu�x�.ises,to ccrnpty wlth�[t laws.ordinances,regulati�,cove�anb.c�1�
<br />=� acrcf cestricUons atfe�ting such propsrtt;not to remave.demoi��h or r��a4e��i�a:sr aa}t�ui:���,cr�z�.ar��er�e�
<br /> — tf�aot at any time thereoR�rtat to d�tt cr extract nor tm permit the drillin�for or exCraction ot oil.gas o�o!�►er hydrocarboo
<br /> �' suttstances,wateroranymi�seralofanykindunlesstfiewrittencansentotSeneticiaryishadandobtaine�f;ctoltocommitor
<br /> permit any wastethereof or anyact upQR such properry in violation of law:to do all other acts tn a tlmmely and proper manner
<br />'-� which from the eharacter or use of sach pmoperty may be reasonably necessatY to protect and preserve said seCUrity,the
<br /> � specitia enumeratior.s herein not exctuding the yeneral.
<br /> :1.
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<br /> �k CONSTRUCTION OF IMPROVEMENTS:To complete in good and workmanlike mannerany buildinfl or improvement or
<br /> repai��ela�ng thereto which may bebegun on such property or cor+templated bythe loan secured hereby,to pay when due
<br /> all costs and liabilities incurredMe�efore,and not to permit any mechanids lien against such property.Trustoralso a�rees,
<br />, anything in ti�is Deed of Trust to the cantrary notwithstanding;(a)to promptly commence wark and to comptete the
<br /> proposed improvements pr�mptly,(b)to comp►ete same in accordance witi�plans and specifications as approved by
<br /> Benetictary,(c)W comply with all ottheterms ot any buitding loan ayreement between Trustorand Benet'iciary.3he terms of
<br />� which$re incorporated herein by reference to the same extent as if tuity sat forth herein and made a part ot this Oeed of
<br /> Trust,(dy to allow Benaficiary to inspect such property at all times during construction,and (e)to reptace any work or
<br />: materials unsatlsfactory to Beneficlary,within fifteen q 15)daya after written notice from Beneficiary of such tac�which
<br /> notice may be fliven to T�ustor by registered or certified mail,sent to his lasi known addres�,or by personal service o1 the
<br /> sarr►a
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