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<br /> D�ed Of TruSt -�---�"'�=-`.�
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<br /> rHIg DEED pF TRuST ls mede thla 30 dey o/ April ,�g,�2 ,by end between Th4ID�.e�1. Timmerman and
<br /> , . � � � LaVonne K. Tinmmerman, Hus and aad Wife whetheroneormore,(here�naltercalled the"Trusro►"), -
<br /> �� whosemddnyaddrossls Route 1. Box 212 Crand 7s�and� Nebr�s A 68gQ�_. _- , ��
<br /> • � ^ ' NOqWEST 8qNK. Nebraslce,,, Na ena j Aaae��A r�on (he►elneKe►called the"Truatee'),whose malling eddiea�Is �_,�_.-�P
<br /> - . ' 2 0 2 W. T h�.r d. G r�n d I s l a n d. N E an J N O R W E S T B A N K_N��L t t 3 k�, N 1 8 r�o n a 1_ Asaoc i a L i n a_,�h e r e f n a l t e r �_ -'�- ^� _
<br /> . • ' . . �
<br /> .� „ .; - C911Bdlho'�B@I16NC/8f)/��,whasemellMyaddreQslB 2�2 41 Th�rd SCrBet�,�'x'and ialnnd� NR�fYACI[A I�AAfII ,
<br /> � WITNESSETH: ��
<br />° ' • � IF THlS BOX IS GHECKED/X J THIS OEED OF TRUST CONSTITUTES A CONSTRUCTION
<br /> SECURITY AOREEMENT UNDER THE NEBRASKA CONSTAUCTlON UEN ACT AND CREATES, _
<br /> . GAANTS AND CONST/7U7ES A CONSTRUCTION SECl1RITY INlEREST IN THE PROPERTV
<br /> . DESCAIBED HEREINBEl.OW. --
<br /> WHEREA Tr t r i ndebted to Benelloiaryln the princlpal sum of FORTY THOUSAND AND NO/100 --------------------
<br /> Dolfars(S����-1�whlch lndebledness�s Qvldencod by Troafor's prnm ss ry no�e de►e�992ri , ig_,(he►efnaAer �
<br /> called the"Nata"),payablo to tha orde�o!9enetlalary aAd hav/ng a maturlry o! • --- — -
<br /> . NOW,THEREFORE,lor fhe purpose ol seeudng:
<br /> . (a) peyment o/the Note,togefher wlth lntereat therean,late chargea,prepayment penaltlea,any luture advances,and ell extenslons, _,
<br /> ' modilicatlona,subatltulions and renewals thereol, ��
<br /> (b) payment ot ell other sums,/eea oi cha�ges,together wifh lnte►est Ihereon,advanced to protect fhe securlry ol this Oeed o/Tivat and _
<br /> ,�,��� the perlormance o/the covenanta and agreemenls of Trustar,whether o�not set lorth herern, _
<br /> ' (c) per/ormance,dischargo of end comp/lance wJth every term,c�venanf,obllgatlan and agreement of Tiustor contained hereln or �
<br /> lncorporated by rele►ence or eny ofher securlry lnshument at anytime glven ta sacure fhe Nole,and --�=
<br /> (d) the repayment of all other sums or luture advances,wlth interest thereon,whiah►nay hereto/ore.have been or herealter be advanced
<br /> by Benellclary to Tiustor or Tiustor's successor 1n lnterest or dtle, r'
<br /> ail ol whlch Is herelnaller collectively aalled the"Indebtedness",Tiusta Jnevocably grenls and bansfe►s to Tiustee,in hust, WITH POWER ,._ �
<br /> ' OF SALE,the lollowing descrlbed pioperty: '""� -_
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<br /> See attached �xhibiC A ����;;�-_
<br /> - f�f�L��
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<br /> fogethe�wlth p)all bulldfngs,slruclures,addlfions,enlargements,modl�lcadons,iepalie,�epfacemenfs,and lmprovements now or hereaRe► �;=,,�1...
<br /> �, loceted thereon,(1!)all equlpmenf,machlnery and lixtuies pncluding,wifhout dmifadon,all Ughting,neadng,ventifaUng,cooling,a!r —��„-�
<br /> • condlUoning,spdnkling and p/umbJng/lxtuias,wafe►and power systems,englnes,bollers,ranges,ovens,d�shwashers,minors and mantels, ,^;- �;�:-
<br /> � � carpe�ing,►urnaces,oil bumers,elevetors and motors,relrigeratfon p/ants or un(ts,communlcatlon systems,dynamos,henslamers,elechical :•„_:,,.,_;_'__
<br /> equlpment,storm and screen wlndows,doois,awnings and shades�now or herea/fer afiached to,or bu(It ln,any bullding or impiovement �-i��t�•��,:
<br /> now or herealter loceted thereon,(i!!)ell easements and►igh►s o/way appurtenant lhereto, (Iv),all leasehold estate,rlght,title and interest ol � •+Yf.-';-
<br /> Tiustorin and to all leases,whether now or hereefler exisfing or entered lnto(mcluding,without l;mitatlon,aN cash and securlty deposits, ;.��-
<br /> advence rentals end deposits or peyments o/a slmlfar nafure),pertalning thereto,(v)all rents,issues,pro►ifs and income fherelrom(sub�ect
<br /> to the right o�Tiustor to colleat and apply such rents,issues,prolits and income as fhey 6ecome due and peyable so fong as no event ol - _ � �•�„��
<br /> defauU exlsts hereunder),(vl)all royalties,mine�al,o!I and gas nghts and prolils,water, water rlghts,and weter stock,(vilJ a/l tenements, • ,.
<br /> heredltaments,priWfeges and appurtenances belonging,used or enJoyed In connection therewith,and(vlii)all proceeds o/converslon, .
<br /> voluntary o►Uvolunfary,o/any ol►he lo►egoing into cesh or Ilquidaled claims(including,without limitetion,proceeds of lnsurance and -• . _. �`�
<br /> condemnaflon awards),all ol whlch is hereinaRer cullechve/y calfad fhe"Trust Properry". '.���
<br /> TO PRQTECT THE SECURITY OF THIS DEED OF TRUST,TRUSTOR COVENANTS AND AGREES AS FOLl.OWS: , : •-
<br /> 1. Title. Trusror covenants,wanants and agrees wrth Beneliciary,!ts successors and assigns,that Trustor owns the Trust P�opeRy/iee . ��-
<br /> hom any prlor I/en or encumbrance,that this Deed o!Trust is and wNl remain a valid and enforceabfe lirst lien on fhe Tiust Piopeily. -
<br /> thet Tiustor,at ifs expense,wiN preserve such fitle and will mainlein fhis Deed ol Trust as e lirst and paramount lien upon the Trust � �
<br /> �. Property and will lorever wanant and delend fhe velidity and p�ionty of the fien hereol against the claims of alf persons end part(es , �,
<br /> whomsoever.Tiustor,at!fs expense, will cause this Deed ol Trust,and each amendment or supplement hereto,to be liled and .
<br /> recorded as a mortgege o/the Trust Property In such manner and�n such piace and will take such action as in the opin(on of Trusfee � ,., ,
<br /> � may be requlred by any present or luture law in order to perlect,mamtain and protect the lien ol this Deed of Trust,as fhe ssme may `:
<br />� be amended or supplemented Irom time to flme. Trustor will make such lurther essurance or assurances to perlect its tltle to the T�ust - .
<br /> „ Propo►ty as may be required by Benellclary. 1'rustor hereby relinquishes eli nght of dower and homestead�n and to fhe Trust Properry. � ;_ry
<br /> 2. Paymenf ol Indebtedness. Trustor shall punctually pay fhe principal ol and�nterest on the Indebtedness secured hereby. r
<br />� � 3. ConsfrucNon oi/mprovements. Trustar shal/completv in good and wo�kmanlike manner any buildmgs,rmprovemenfs or repairs relatlng
<br /> I fho►efo whlch mey be begun on fhe Trust Property or contempla�ed by fhe loan evidenced by the Nofe secu►ed hereby,to pay when
<br />, due all cosfs and llebilrties mcur►ed therelo►e,and not fo pormrt any construction hen against such Trust Pioperty.!n fhe event
<br /> construCfion of bulldings.lmprovements or repans are contemplated. Trus!o►also agrees,anythmg�n fhis Deed o/Trust to the conlrary
<br /> notwithstanding;(a)to p►ompfly comrnence any such work and to complete the proposed improvements p►omptly.(b)to complete the
<br /> same in eccordance wilh fhe plans end spec�l�caf�ons as approved by Benefiaary.lc)to comply wrth al!the terms o!a building loan .
<br /> agroement,if any,between?ru5tor and Benetiaary,fhe ferms of wh�ch are mcorporated herein by reJerence and made a part hereol,
<br /> (d)to al/ow Beneliciary to inspect the lrust Property et all fimes dunng consl�ucbon,and fe)to rep�aCe any work o►matenals •
<br /> unsatislactory to Bene/iciary w�thin l�Reen(151 days alto�wnrtvn nohce from Benel�aary ol such/act
<br /> 4. Funds for Payment ol Charges. Sub�ecf fo appl�cable law oi fo a wntten wa�ve�by Benefic�ary, T�ustor shalf pay to Benef�r.iary on the
<br /> � Brst day ol each month,or such other dato each month as may be spealred by BQnel�ciary,unhl the lndebtedness!s paid�n fulf,a sum
<br /> �hereinalter called fhe"funds"1 equal to 1 12th of the yearly taxes and assessments wh�ch may attain pr�ority over this Deed ol Trust
<br /> and ground rents on the Trust P�operry.�f any,plus 1 12th ol the yearly prem�um�nstallments lor hazard msurance,plus t 12th o/rhe
<br /> yea►ly premium instellmenfs for mortgage rnsurence.�t any, al!as►easonably eshmated mdially and from t�me to hme by Benel�crary on
<br /> the basis of assessmenfs and bdls and reasoneble est�mates thereof The Funds shall be held m An msGfuhon,the deposits or
<br /> nr�n�inle n1 uihirh a�a inc�irar!nr ni�alAlilAAll t1V A/BdBfel 01 SfHfB H(1BIICV IIlC1UC11110 BBIiBIICIBN- B@I1BlICIBN Sh8118DDIV�hB FUf1f�S f0
<br /> pay sald taxes,assessments,insurance prem�ums and ground rents.Benel�dary shall not be requved to pay Trustor any mterest o►
<br /> eamings on the Funds. 8ene1lciary sha�l give to Trustor,w�thout charge,an annua►accounhng ol fhe Funds show�ng credits and
<br /> ' debits to the Funds and fhe purpose lor which each deb�f to the Funds was made The F�nds are pledged as addrtional secunty lor
<br /> the Indebtedness secured by this Deed of Trust.1!the amount o/the Funds held by Benef�c�ary,fogether wrth fhe lufure monthly
<br /> � Installments ol Funds peyeble pnor to fhe due dates o/taxes.assessme�ls.msurance prem�ums and ground rents.shall exceed the
<br /> � amount requ(red to pay sa�d faxes,assessments,msurance premwms and ground rents as they lall due. such excess shall 4e,at
<br /> Trustor's option,either prompfly repa�d to Trustor or credifed to Trusfor aga�nst luture monthly msfallments ol Funds.ll the amount o!
<br /> I the Funds heid by 6anefiaary snaa no►De sumcient to pay taxes,assessments.�nsurance prem�ums and grouna►ents as rney rau oue,
<br /> Trustor shall pay to Benelic�ery any amount necessary to make up fhe dehc�ency wRhin th�rry days Irom the date nohce�s maded by
<br /> Beneliciary to Trustor requesfir�g payment thereol.Upon payment in lull o!ell Indebtedness.8enelic�ary shaN promptly relund to
<br /> Trustor anv Funds hgld by Benefrciary.ll the Trust P�operty�s sold under fhe power ot sale or fhe Trust Prope►ty is otherwise acqurred
<br /> by Beneliciary,Beneliciary shall epply,immediatel y pnor to the sale of the Trust Properiy o�its acqwsrtion by Bene►�c�ary,any Funds
<br /> held by 8eneliciary at the hme of app6cahon as a credit egemsf the Inde6tedness I/Benebaary execu�es a wntten waiver ol Trustor's
<br /> obligations under fhls parag�aph 4, Tiustor covenants and egrees to pay,belore fhe same become delrnquent,a►I taxes.assessments.
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