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<br /> ' Prepared By: Julie Dent-Zajicek, 120 B. Main Panora IA 50216; 515-755-2141 �
<br /> � THIS DEED OF TRUST ia mado as of $th daY� ---ASI?►U�, ly-9b-'--'by I
<br /> � npn�,;a t �u.•a•:7 Q and 9on? 'ri._�,.:: -� h»Aband a�nd Wr")�whoco mailing addroY is _
<br /> and wuonr� Grand Island NFs 68801• Lawver a iT tle Inauranc�� rorn.
<br /> I 3120 Brentwood Circle;
<br /> ('`y�tctee").whOM mailinE Addtess�• r^^i_ n�i ��'.� Grand Islend � fi88��
<br /> �d Panora State Bank �����
<br /> vclsas�vmaiWsCaddre�ia._ 12Q E. Ms,in PO flmc_.Q,p.8�11IYa.
<br /> ,. en�16
<br /> FOR VALUAIII.E CONSIDERATION,Tn�stor irrevoc�bly traaafera,conveys and�to'l5n�tee.IN TRUST.WITH
<br /> Y��UEili.aF SAI.E,for tho benefit wnd�Crand�Ioland �s o d au�cv.t to the Lerm,s aad oonditioos ofth►s Dee�o°f�f
<br /> �yp m�propert,Y locatod in Wu City of
<br /> He l l _,SLate oP Nebrns3ca,and le�ally deccribecl ae followa(the'Property"):
<br /> Lote Four 4 and Five (S), Block Five (5), in Brentwood Subdivision ia the City of
<br /> Grand Island, Hell County� Nebrzska
<br /> TOGETHER\VITH. {ill rents,eacemanW,uPP�i�ances.hereditwnents,i�.4erests in adjoining rorx3t3 streeta and alleys, I
<br /> improvocuenia and buildinYs of any ldnd situated thee�eoa nnd All peraoual prq.�rsy that me�y be or herea.zter i�ecome aa iatq�rd +t
<br /> pust of such buildin�e and improveatieaLo,uU cropa raised thereoa,a$d t►ll water rirhto. �
<br /> 7Le Property and We entire eseace and interaet conveyed to the 75cuatee are referrad to aolloctive�y an tbe'frwt Estste". �
<br /> FOA THE PURPOSE OF SECURiI�G: �
<br /> �.Puyment of indebtaew in the totnl principal aaaount of S 30.924.Zt� . witb ictieseat thereon,tu evideaced by t2ut
<br /> oeataio ProimisaiY noco of even date(the"Note")with a�aturity d�ta of �t,�t�,at 1 c_ �999
<br /> �ewtod by'hvator,Mhich has boen delivered and is pAyahle to the order of Iitti.PSciar,r,�i,vhich by thie reference ia hereby �.
<br /> ma'.1a w pau't herec�and aaY and aU modifiutions,e:tenoims and�aL t�ereo�aatl wiLh intereaL t�aroan at tha raL of �
<br /> b. P�ymoat of all sumi advanoed by B�s+eficiary to PsotecL �
<br /> Ni�e penZent c 9.00 sal rer aaaun,,aad �
<br /> a Tbe peet'onnence ot R�uator's oovenanta aad�re�meAk
<br /> 1bi� Deed of rivat, the Note. end aqY other inrtrument Qiven ta e�idence or further tecure tbe p�yrmeni �nd r
<br /> Msiamanee of any oblipation�eeured hereEy are referred to ooila.tively as the"Loan Instrumants". ��
<br /> TO PR()TECP TI�SECURITX OF THIS DEED OF'I'RU51°. .L._,_L._s.�_
<br /> � .�-L PAYA'iEI�7'OF INUEBTEDNES.S.7'ruator�hall p*y whep Que tae p�cipai o;�d iae iai�.a..'s�•+.•••a�,�••�•�•••— --�
<br /> evidenaed bY the Note�chugee�feee aad all othez�uau s�provided in the I,u�om Tnatrumeata. `
<br /> Y. TAX�S AND ASSESSMEIVT9.'Pruatar ahall p�y ail ta�and epeciaJ:�x:�essmenta of every idnd,nov.ar be�ait�r levid
<br /> s,gainit the W�t estate or�y p:.r:thar:at�:fa:Ia:s:
<br /> (initial aa�e)
<br /> xx 7lrustor ah�ll directlY Pfry aucb taxe�, without aotioe or dema� as eaeh ia�tallm�at comes due aad �all
<br /> pmvide tbe beaeficiary wiW evidence of the PaYmeat of the aame. �
<br /> TrusLar s�hall pAy to benefic'iary'or.,e-twelRh of tl�►e real estate tr�int,s ea�h monih aad swh otl�cr a�wsmeat� � .
<br /> � as they beoome due.l4io one-iwelRh paq�ment ahall be adjuated aauuaIib as tLe tau�change aad tiwtor aEcee�tLat
<br /> ,Rar p.yment os me c�e.each year shac aay aesciency will be��PUY P�Lo s�ne5cia*y.B�a6�iary a�aas '
<br /> to pravide t�ustoT witll roCeiptY slwwitl,Q that the real edatE ta:es bave beea pud ia full and wbeu due.
<br /> 3. IN5U1tANCE AND REPAIILS.7'ru�tor d�all maintsin fire and ert�adod caver�i�raaoe isuurin�tl�imPt'a�"�m�t+ � . !.
<br /> and buildia�a canctituting part of the Tnut F�tate for an nmount no lew thsa t]rw amoun�v�f ihs uaP�Pr+��+P��ti�cf We
<br /> Nab(oaiasur�noe aot e.rceedin¢80�PgrmitLed).Sueh inauranoe policy�tsull.amLain a�taadard mortQ�e cL�ia fi�roe of
<br /> Bme�ciasy pad �Lall no!be caacellable.termiu�ble or modifiaWe witbouL tca(10)d►ys piior writtea natiei►to Hm�katr9•
<br /> 1Ywtt�ahall promPl�Y nQair maintain aad nplacr the 15n�at Estate or at;y Fnst thereof eo fhaL.nutPt fx o�din�rY wsar and
<br /> ta�t�e Trust Estate rhall not deteriorate.Ia ao eveat rhall thQ 14ustor cocnmit�vaste aa vr to t2�e'15rusc Estat�.
<br /> 4. ACTIOIJS AFFE(.'PIIQG TRUST ESTATE.'Pn�stor altstC appw►r in aad oontest au�action or proce�iinQ purP�to
<br /> aifict t6e seauitY 6aseof or the riIIhtr or povven otBaneScisry or Trustee�aad�hall pay all costs aad e:pea�as.ineludiaQ oost af
<br /> ervideace ottitlo aixd r.3Wmey'�feer.in any cuch ac�don or proceedin8 in whicb.TwtSeSaa�Y or Trustee m�Y�PP���Tmstor
<br /> fiil to mako attY I�Y�t or to do aay act aa tu:rl in tlsa mannar provided'ux my of the Lan Instrumeata>B�oe�ie++r9 aadtx
<br /> 'lYvttee,�ach in its cwn disctetim,wit8out oWiyation w W do�ad without notice to or demand upon'lYvator aad�vithout
<br /> w,..,,,o,.
<br /> rd�u�11ruKor�rom any oBlig�atioa,m�Y malw or do the same in wch and W suc3�e:tent�eitbe*msY
<br /> nac�ary tp prot�+et tb�e�scm�iA7 Elet�eoC Trustor rtw11.immediatolY uPon dema�t�arefor by Beneficiar9.Wq' all casts and
<br /> e�ea�e�incvn�ed 63$eaefk^i:ry ia cooaectinn witb the essrcire by Benr�'+oary of the fore�oin¢ri�hts. iadudin�witbaut
<br /> llimitatioa oosta o1`eridenee of title,court ooata�:aPPr+isal�.au*veY�snd attaraey�See�.Aay sw3�oaats aad e�en�not p�id
<br />_ ;� witLin ten[IO)daya of vvritsm demaad ehill dr�F inte�st at tbe da!'ault rafa pravided ia t]�e Ncb. �,
<br /> y b. 1�:M11V�1Y'1'DBiYiI�Ih'.SBould ti�r Trii::.L.-'ctats.c:a�r"..s't t�s--eof or int�sat lhere�n.L+e tcaicen ns damae�d 69�of
<br /> anY P�� �P�'�nt or oondemnaiion Proceedin�� or i� any other manner inrludinQ deed in lieu of Coodemaation
<br /> ('Condemnstioo�).or�haild Tcustor reeeive any notian or otber int'ormation re�ardia�such prooeedinQ��ustor ahall¢iv�promPt
<br /> writteo notia t�ereat to BeneSciary.Beaeficisuy ahall be entieled to al!oompen�tion, aveards aad oLEer papments or reti�f
<br /> ' therefor,and ehall De entit2ed at its option to oommence,appear ia and proaecute in itr• oWn name any a��on�'peocesdia�. �
<br /> f B�a�fiaary ahall aLo be�titled to make my aomprami�c+or�ettl2meat in 000a�etion wiih sucb takine or dama{e..All tueh
<br /> � oompedation.awards. d+maTe�.ri�hts ot actiw pad proceetL awarded to Trustor(the Rtnc�emd�') are Yureby a�+�cl ta
<br /> geoefx;iug aad 14ustor�grees to erecuee wch further a�aignmeaLs of the Proee�ds a�BeaeSeiary or Tnutee maY�1� 1
<br /> 6.F[)T[JRE ADVANCES�Upon reclue�!of Trwtor,Beneficiac5',st BeaeficiaryT+oP�+P�to re000veyaaa of tIu Propaaty �
<br /> to 7�wtor may make future advaace�to Truator.Such future advaac�ee,with intereai tl�arem.ahall be seeured by this DMd of .�
<br /> Trust when evidenced bY Promiss°iY note�stating Nat aaid note�are�ecured i�reby. �
<br /> ?.APPOINTMENP OF SUCCESSOR TRUSTEE.BeneSciary awy,from time to time,bY a arritten in+trumwt e:eeuted aad 1
<br /> , �clCnowled�ed by Beaeficiarp. raailed to Tn�stor and Reoorded in tl�e Oaunty in vPhich the Trust Estate is lontrd aad bY 4
<br /> � othenriie oomplying with tLe proviaior^d'the applicaWe la�v o�'the State of TTabraska subatitut�s wae+sor er a�ooe�ora W ;
<br /> � tlw T�Lee named herein ar actin8l+�i xier. '
<br /> -- 8.SYJCC�SSORS AND A5SIGNS.Thie Deed of'ISruai appliea to,ir,ntbs to the benefit oi'aad binds all partias hereeo.tifeir ,
<br /> t heii`s.Zegate�S+divoctee,Petwual ropTe�eoiaUver.suo�ewors and a�sij(u�.Tbe tetm'BeLeSCiaiy"�hiU R✓�tbe o�ww�aad i �
<br /> � bcldor of the Note.wlsEther or not named aa Beae�ciary herein.
<br /> -- � 9.INSPECTION.Beaefuiary or its a�ent may malce ressawWe entrieA upon and iasPectioas of the I'roP�Y�Y � ,
<br /> C ah�ll pve T�vaLer noLice aL the time of or prior W a�n inapection aperifyin�rea�oaable cauae fos tLe inaP�ctio�n. � �
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