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<br /> ��g g�y�ra�ka. Matiunal Aswciation h�r�1af� 'Tiut maf�rgaddnssis =_`i �' �
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<br /> - -- __ . Tbfra. ran � . ` ►°��yp/�ST r�yK e r�sl�a° �Tat�o�na�Msac�a' oa .f►►snNraf�e► �:��__-
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<br />,� �� � . IF THlS BOX 1S CHECKED/ �)THIS DEED GF TRUST CONSTlfUTESACONSTRUCAON � � --�°-�-
<br /> SEClIR1TYAQREEMENTUNDEI4THENEBRASKACONSTRUCT/ONtIEAtACrAlYDCREATES, • �"��'��--
<br /> (iRAMSAJVDCONSTRUTESACONSTAUC7lONSECURRYlMEREST tNTHEPAOPERTY _=="#-�--
<br /> ._ "�'" OiESCR/BFD HERElNBELOW. gig� THOUSAtiD A1�D Ii012fl0 - � Y� --
<br /> �`' WHEAEAS Tivaloi/s i►x1�b(ad b BsnM7ciary h►Me princlpNsum ol ,r y.�,� ��,
<br /> ' � pcNrs(�Sd-���� j.wl�lch k�d�M�a�ts eMdencsd�Y'Ti�atora proMssary naea dated Juae ,�9 .f/�na!!r► . ; ,��---=--�,
<br /> � caff�d f(�s"Nds'7,PaYaDla to the ordor of BeneNcla►y and having a maturil�+ofDeceaber 7 , 1�2 . • �. ; ..�-.��:��
<br /> .. ,�,- NOW,7HEREFOR�/orthspWposs o/seCwiny: 's � .f - - �
<br /> =d• f+l PsY►►Nnt aI ths Nots.lo�eMsrwilhirxersstthereon./ats chsr8�•PmPBY►nMt pen��iss.ar�Y�ud�s advancss.and al[sxte�ulcn� . `. _- ___
<br /> ,. ' _ �or�suD��itudans and rsnswefs fhw�o/ �� � ,Y- '�'°,�
<br /> � - �b� �psrbrm�artc�d c��a9�s�n�enta oi�whetAe/a►nOt����e sectwilyol dNs Oesdof Tiwtand _� -_ �
<br /> L. X,�. (c) PaA(am�ncs.d�scNsrQs oi and canPNancs wiah a�rery term.corenan�oWiBada►an4�Qreernsnt of Tnrsmr ca�tained h9refn or , :._ ,.�---
<br /> , , . __ h�rpor�ed bY ra�rence or any o(heisecu►IlY lnsOrivnent st enyMm9 8l�t+�seCUro the llk�ts,a►M -
<br /> _ �r (� ths rspayn�rn o t aN a d b rsrara a t 4 2 r x s e n h►a�f c e s.w l E h i n(r ro s t t h s r�9 o+t,w f�l c h m a y heretolfors Aave baen a hereali'er bs ad�►a►rced . �� � -�----
<br /> ` by gsnNFcfay in TrusOor a Tnu�`ssrcces�or in iMsrest a tid�, . "�::° ,
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<br /> r `;;,4:,:i�n�T,�,�r :QAo/wtich is fr�rekndNer�oYeativ�eH oai��"Indebt�edness:Tiusla�irtevaCably 9rents and trar�sf§rs to Tiusiee.ln D�us�W1TH POWER c''� r ---
<br /> ,,, i�?F S�1L�ths IiDNWwing�iscdbed properfy: • . . . � _
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<br /> ,�.�..._ ._ - . . � �o (2),"Capital'i�€eights Efgbt��Snbdivis3on, in the . - � - � ` .
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<br /> ., � .:1. :.. � Cfty of Grand Islaad, flall Cauaty, Aebraaka ��" < < _
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<br /> � r� ''a;��i;�tf�g,�-� ;• . : �sthsr wid►(f1�alf brre'ki'rias s..•ucsrxes,ac3�idans,errlargertteats.modiAcallons.repafs.replacements,and i�remerns now a hereaRer � � '. :;
<br /> - ';:f;f%k.;!s;�;;`���,` ' k7c�tsd tl�erea,.(H?a�e�v�nraefacferyand flirdrras pncludlnst,w/fAoutNmR�ap N9htin9.hea6ng,va�iari�,�,cod/ng.aJr . � .,"�.; �=., ., �
<br /> . -- ,'�,.t s�+,;_;i:;' Condh�cr�,:�a�x y�1�i:►b►n9'�ixfur�s.wator and power aystems.engines,bolle►s.renges.overrS.dsi��.`�ers,mimDr9 end manMl�s. ;.;�� '`
<br /> . . carps6,rg;�rraws.a7 b�:�ers.e/evatars aad moto�s.reMgeradar plams a uMts,conxnunlcadon sYstems,oy,?a�r►as.uanslbrmer�elecMcal . _..
<br /> • , eqwp�rnQr�atbnn and scr�en wlndows.doors,awnings arM shadesl naw aherealter aUached to,a bullt Jn,anY bulldfn9 orlmproHement . . ��,
<br /> � � raw a hersARerbcah�d the►eon,Ci!)all essements and dghb ol way appentenant tAereto,(iv),a!I/eas�ho/d estate,�fght,tide and lnterest ol �
<br /> • � . Titaforin and ta aN/eases.whedrer raw ar hereafter exishng or entered lata pnaluding,wlNaut XmitaCon.all casb and security deposits .. .
<br /> � � advance renta�s and deposits a payments of a slmilar nature),pertalning there%(v)all rents,lssues,p►ofits and incame therehom(subJect •�•
<br /> � ta fhs rlght oI Tastor to coDect and apply such rents,issues,profits and�ncome as tlrey becana dueand payable so/ong as no event d � . • �
<br /> ' . d�e/eult exlsts he►eundeq.(vi)all royafGies,mine►at,oil and gas dghGS and proBts,water,wate�dgMs,and water stock,(vli)alf lenBmenfs, � '
<br /> ° hersdifaments.pdvileges and app�rtenances befong�ng,used a enJoyed/n cannecGon Me�ewitd.and(v111)a!1 proceeds o1 converalon, , ,. =
<br /> • ' � wkrntary a inMOruntary.o/aay ot the foregdng Mro cash or llqufdated ctalms(lnc/ud/ng,without IimitaH�on,p►aceeds ol lnsurance and � �
<br /> � . ' CpldemnallOn Awudsj.NI ol whlch is herelnelte►CdleCtivefy Celled the"Tiust Property"'. . t •
<br /> • TO PROTECT THE SECURITY Of THIS DEED OP TAUST,TRUSTOR COYENAN�S AND AC�iREES AS FOLLOWS: � � , � �
<br /> � . 1. TrtM.Trustar covenanfs,wamr►ts and agreas wiG►BenefrcJary,its successas end assigns,that Trustor owns the Trust Praperty fiee . . --
<br /> hom any pria llen a encumbrance,that thls Deed ol Tiust 1s and wlll remaln a valid and enforceabl9 RrBt llen on Me Tiust Property, i � .
<br /> � , that Trusta,at its expense,wtl►preserve such Ude and:vlll malnta/n this Deed ol Tiust as e lirat and pa�amount Ilen apon the Tiust !�� ; �
<br /> . Propeay and wlll faever wanaM end defend the valldity and pdorly of thellen hereol agalnst the clalms of e11 pe�sons and paNes � '
<br /> - : wlamsoeve/Truatw,at!ts expense,w!/I cause thls Oeed ol Trost,and each amendment ar supplement hereto,ro be/iled and i• •
<br /> ' �• recorded es a mortgage of ths Tiust P�ope�fyln sucA manner and!n such place and wilf take auch actJori�in the oplNon ol Tiustee j .
<br /> • ' may bs r,eqW�ecf by any present a futurelawln ader to per/ect,malnta/n and protect fhe llen ol thls Deed af�iust,as the aeme may � _
<br /> be amanded a supplemented fiom dme to tlme.Ta�sto►wl►I make such furtt�er assurance a assu�ances to per/eet lts tltle to the Tiust � ' � .•
<br /> ' °� i' ' Properry as may be reqWied by Berreflciary.�iusta hereby rellncruishes a7 r�rf:r of dower andhomestead in and te ths Tiust Property. ,. � • .
<br /> . � , 2. Payment ol/ndsbfedriess.Tiusin�shail punctualty pay the pdncJpal a►arQ i�mar�e5t on the lndebledness sFewed hereby. ! .. .
<br /> ' 3. Caufiuc�on d l�raprovernents.Tiustor aha�complete In goo0 aad woAcmarcFk�+r.anner e�ry buildings,knpra°�r�ments a repal�a reladr�g ; � � _
<br /> � • . there�b whkh n►ay bs begun on ihe Tiust Properiy or contempiated by thala�a evidenced by the Not�e s�red hereby,to pay when f ..
<br /> ' : • � due al1 costs 8nQ fiab�ides lncun�ed therefore,and not M pennit any construc4Cn llen agalnst such Tiust�iope�ty.!n Me event �
<br /> • ' corr�flucUon o/buifdings,Improvements or repal�s are contemp/ated,Tiustor also agrees,anylhing In this Deed o/7iustto the contrary � .
<br /> _ - __ _—_ nptwithstanding;(aj to prompUy commence any such wak and to comptete the prapased improvemeats prompity,(b)ta camp/ate tire �
<br /> � . same!n accadance wlth the p/ans and apeciTcauons as approved by Bene�eiary,(c)to compty with�l•vre terms o!a bullding loan �
<br /> ` � , sgreement,Il amG beAveen Trusto►and Beneliciary,the terms o!whlch are Incarporated hereln by reference and mada a paR hereat,
<br /> . (d)to ellow Beneficlary to/nspect the Tit�st Piope�ty at a/l tlmes dudng canst�ucHon,and(e)to rep/ace any work or mate►18/s • •
<br /> , � • uruaHslaetory to BeneNciary withln I;Reen(f5)days eKer w�ltten noUce/rom BeneflGary ol sucb fact
<br /> • . � �. Fand�fw Paymenf ol CAarges.SubJect to app�icabfe/aw or to e wriKen walve�by Beneflclary,Tiusta shall pay b 8enefir.lary o»fhe '
<br /> � BrSt day of eACh manUr,ar such other date eech month as may be SpecNled by Beneficlary.untll the lndebteeness!S peld!n lull,e sum
<br /> �• � (hetNnafter ca0ed the"funds')equal to 1 i12th o!the yea�ty texes and assessments whlch may attaln p►IoNry over thls D�aed of Tiusf
<br /> "' and ground renta on Me Tiust Piape�ty,if any,plus 1�12th oJ the yearly p�emluminstallments fa haza►d Insurance,pius Nf2th o1 fhe
<br /> • • yeady piemlum Instetlments for mo►tgage lnsurartce,ll arty,afl as reasonab/y esfJmated Jnftlally and lrom tlme fo dme by BeneNciary on • �
<br /> � �• U►e besls o/assessments and bills and�easonable esNmates fhereot.The Furtds shall 6e held ln an Institution,ihe depOSits or ,
<br /> � accounfs oP wh/c1:are lrrsured or guaranteed by s federal or state egency lnc/udrng Benefralary.Benellclary shall appry the Funds to „
<br /> � pay sald taxes,essessmenis,tnsu►ance premtums end grounQ rents.Benelrciary shall nof be requbed to pay 1'iustor any Inte�est or
<br /> eamings on Me Funds.Be»ehCiary shal!give to riusMr,without cha�ge,an ann�at accounting ol the F�nds showing c�edits and � •
<br /> : _ . deblts to dhe Funds and the purpose lor wh/ch each debet tp fhe Funds was mado.The Fantls a�e p�edged as adtlitfonalsecuiity lor „
<br /> the(ndebtedness secured by thls Deed of trust.Il the amount of the Furtds neld by Benelrclary,togethe�with the lutu�e rnonthty
<br /> � • Instelhnents ot Funds payable pr/ar ta the due dates ol taxes,assessments.Msarance premlums and g�ound rents,sha/l exceed the •
<br /> • amount�equl�ed ta pay satd taxes,assessments,lns�iartce premlums and ground�ents as they tal►due.such excess shall be,a! • :
<br /> . Tnator's opUon,eithe�p�ompNy�epald to Trusto�or c►edited to Trusfor aga/nst futuie montHty lnstaltmenis at Funds.!t the amouM at •
<br /> tfre Fuads hetd by Beneficiary shal!not be suHicient to pay taxes,assessments,Inswance premrums and ground rents as they fall dve,
<br /> � Xiustar sAall pay tv 9eneBclary any amount rtecessary to make up the deHcfency wdhln thlrty days trom the date notice ls marled by � .
<br /> � Bene6Ciary to Uustor requ�sang payment thereo%Upon p8yment in lull o�8I1/ndebtednass.Benefrc(ary shal�prampfly rafund to • �
<br /> ..._..._, _'__ _. . ����f������������.��,issvfd�mv�rthapGwerotsaleor(hefrtrstFrvpbriyisvfir(triYiseBG�tlllFttf .
<br /> � bp Beneflclary.Beneficiary slral/appty,imm8di8tery pri0�fo thg sale a/the trusf Praperty or its acqLisiborr by Benehclary,any fLnds �.
<br /> '� held by Bene1lclary at the time o!appdcation as a cred'd againsi the/ndebtedness.!f Beneficiary executes a written waiver of t�usfaf's
<br /> � , . obligaGOns under thts paragrapn 4,Tiustor covenartts and agrees to pay.befo�e the same 6ecome delinquent.a/l taxes,asse9sm�nis. �
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