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<br /> � �� j�D OF TRLI�T �
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<br /> THIS DBED OF TRUST is made t�is /r day of Mny, ].996 bx w
<br /> a►nd e�nong GRAND TSI,,ANa F`AMILX CH[TRCH, INC. , a Nebra��1�a nanprafi� �
<br /> aorpor8tion�, herein re�erred tb ae "�rustor", whoea mailinq
<br /> a3cLs�e �e 23�g N+!��o�, Grand I�Lna►d, Hall County, Nebraeke
<br /> 68803; JOHiQ N. CU�iNIPIGHAH„ F►ttornay-at-Le�w, hasein���es reQe�:Fec�
<br /> �o as "Txustse", who�e mailinq addra�e i� �22 North Ce�dar, p.�•
<br /> Hox 2280, Grand Ieland, Hnll C�aunty, Nebraeka 6�602; And GARY P.
<br /> ROFTS, LELAND L. STPlFFBN and DA�xD N. BLLINGTON, aa ten�►nts in
<br /> commoa, hereinafter referred to �a "Benefic�.ary", who�e mai].ing
<br /> address is 222 North Cedar, �.0. Box 2380, Grend Island, aall
<br /> Countg, Nebraeka 68802.
<br /> For valuabin coneidexation� Trustior frrevxably grante,
<br /> trane#erm, ca�nv0xa� end aruigns 1;o Trurtee, in ts�nst, with power
<br /> of eale, for fihe aenefit anci seaurity o� Henefic3ary, und�r and
<br /> eubjnet to the terme a�nd aonditions of ihi■ ueed o= isu:�, �.�
<br /> Truotor'o imtersst i� the falLa+inq-desaribeci prope�ty Zoa�tad i�
<br /> Hall County, Nebraeka, to-wite
<br /> Lat One (1), Haptiat Temple Subdiv�.aion, �o the
<br /> City of Gra�d Islnnd, Hnil Couaty, Nabra�sk�,
<br /> togeth�er with all buildings, i�mpsovements, fixturee anci +sp�sur�te-
<br /> nancas loauted �hsreon or in any way pertaining therato, and the
<br /> ren��, isaaee, profita, reversions end th� remaindera thereof,
<br /> ineluding all euch pr�reonal property that ie attaahed to the �Sa-
<br /> prove�nts •o as to con��3.tu�e a fixture, all of which, fmoluding
<br /> replaaen�snt• amd addition�r thereto, are hereby derclared �o be a►
<br /> pnrt of the� xeal estate conveyed in truot hareby, it being agree�d
<br /> that A�lyl, of the foxeqoing eha.11 be herefnafter re�orred to a� the
<br /> ~�.r.Q�L 4y~•
<br /> RnR �rRR ��eepnsre oF sECOtpiNa:
<br /> (a) the pa�rment of indabtednese evidenced by Trttstox's note
<br /> o� even date herewi�h fn tha prinaipal eum of SBVF.NTY-TW�D
<br /> TSOUS�NU FIVB AUNDRED AND t�0/100 DOLLARS ($72,500.a0), togather
<br /> with interest nt the rnte provided thexefm, and any and all
<br /> renewale, ntod3fications and extensiona of such note, both
<br /> prix�cipal and intgre�t oa the note being payable in naaQSdan�e
<br />-- with tha terms eet Enrth therain, whi�h by thie xeferenae ie
<br /> - h�reby made a pnrt hereof;
<br /> �b) the perfosmanae of each agreomant and covenant o�
<br /> Txus�or herefa coatafned= and
<br /> (c) the payment cf any eum or sume of money �rh3�ch mny be
<br /> - hereaf�er pai.d or edvanaed by Benefiainry under the terme of thj.e
<br /> --- Deed of Truat, toc�ether with interest thereon at �he rate
<br /> - prov3.dQd in the note.
<br />_:�
<br /> �; T� protec� tLxe security of this Doed of T�us�, Trustor
<br /> fi_ hereby covennnt� and agrees ne L•ollowe:
<br /> ° 1. Pavmen� of Indebte e� . To pay whea due, the pr3n�i-
<br />',y� pal of, and th� �.nteYeet on, tha indebtedneee evidenaed by �he
<br /> aotn, charges, fe�e and al.l othe►r eume e►� px�v�.ded i.n the loan
<br />:�.,� inetrumen�s.
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