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<br /> , 1996, � ��-'_`�-
<br />.," .� TEI� TRIIST DBBD made this day of � �_=.--
<br /> between RS�ECCS L. MEHRING and DONAL D. MBHR gG�Erwin�rust b all ��� ` `
<br /> ° DON� D. I�EHRING, Trus�ee of �he Na�cy I'IVE POINTS BANR. �;:,
<br /> hereinafter collectively referreai to as TRUSTORS; •
<br /> � 'r , A Nebraska Banking Corporation, as TRUSTEE and �E21EI�'ICIARY• It is ���-'-_-
<br /> the intent of the TRIISTORS to create a consxruction security '
<br /> � interest in accordance with the NebraskaiC�o�s�t�rusog����-descr b d ��2�('��'�
<br /> well as to create a first lien interest P m.�
<br /> ��_�
<br />' herein in favor of BENEFIf:IAItY, FIVE FOINTS BANR• ��,_„
<br /> �r�--
<br />_�. 6�JYTNESSETH: �
<br /> ain sell, convey and warra�t <�
<br /> �t �D�� ' with OWeT Of - ri�-';�`''�''
<br /> • � ' That TRDSTORS hereby gr +
<br /> � to TRIIS3'EE� IN TRIIST, i�s successors and assigns, P f��,
<br /> described real proper�y: ��
<br /> '� sale, the folloc�ing- 4' ��=`=t�`�;
<br /> � Conesto a ��i`Lf�{'��'
<br /> ..: ;;: r•..
<br /> � A �sact of land located within La� One (1), 9 �_
<br /> �rsrth Eleventh Subdivision in t�e �a�y of Grand Island,
<br /> • �aS.l Coun�y. Nem�aska, as maze paa�i�ular2� desc�iJ�� on ���i.
<br /> • � a��tarhed Exhibit "a��, ���;�'�'�:
<br /> ' imprav�emeats �.�d appusctenances �..�'�7��
<br /> �-:. � tagether with all b���ngs• streets, alleps, passageways, �?��°=�-
<br /> thereon, including fi��eS� urtenances located thereon or
<br /> rivile es, and app ' T`r
<br /> ,= ° �asements, riqhts, p 9 ess and
<br /> :°,�`• , � �ny wap pertaining thereto, including the ric,�ts of ingr ��r
<br /> �aanp.resi;x:..
<br /> '� ,r' . ' rg(�QSS� and the rents, issues and prof�t��y �a ebe attached ��;��
<br /> � %� •,., � remainders thereof and such personal property Y - -
<br /> ..•::ti� to the iaprovements so � to constitut� � fisture, the hcmestead or �
<br /> �narit,al interests, if aB.�, wbich inte�ra�tss are hereby ��.�Qas�� �d �:n;.��.:`
<br /> `���"� �+�aived, all of which, including �eplac�ax�ts a�c� aad.��a�s thereta
<br /> are hereby declared to be a par� of �he real ��1:�3,it� s�F�,'ed by the �.-.�
<br /> �' .��•'�., lien of this Deed of 'rrust, all of whic:� is her����t�� ��ferred to ��.�
<br /> � as the "PropertY"• Trurtors further �rant and c���'�I't' �� T�Stee
<br /> � all of Trustors� rights c�iE ingress and ecg�res� and parls3�cg� that �hey �
<br /> . � own or possess cover ivis on in the Cfty of ���nd� �sland eSHall �_.
<br /> � North Eleventls Subd --
<br /> � � Countyo ::abras.ca.
<br /> �,�.;;�'-��;
<br /> .� ' ��F� TRUSTOR3 hereby cover�aat and ��rree wfth the '�USTEE and "'�___._..
<br /> gENEFICIARY that TRUSTORS are lawfully :�c�ized a�d the owner of the �`__:_
<br /> above-described property: and that RLHBGGA L. I3�IIRING eg���oses of �
<br /> . � Deed QE T�d led ing her pousalLint r�ystHin thefabove described =_--
<br /> conveying P 9 �
<br /> � � :" prcperty; the remaininq TRUSTORS coven�xi= and agree and warrant to
<br /> the TRUSTE� �d BENEFICIARY that thcy have goad and lav�tful ��,—
<br /> . ' suthority �o r��iL and convey said premises an� that said premises �;:Y=-�,,_.
<br /> � are fr�e and c3.��r of all liens and encumbrancer�, and further, tl�.at __
<br /> � � �' TRUST11R4 cvill warrant and defend the ti�Ze to said premi.��s forever - -
<br /> . � again�t �he claims of all persons whom��ver. �`—_
<br /> .� - This Deed of Trust is given for ��ae pur�ose of securing the ----_ _
<br /> • • payment of FOUR HUNDRED sEVENTY-T�'+�� T�OUSA►YD DOLLARS ($472,000.00), ,.'�'
<br /> � which sum is to be evidenced by a Eromissory �Otee of TL^•e Na cy Ay �'`�' �
<br /> `.,x .:
<br /> Donald D. Mehring and Donald D. Mehring, Trus s`���
<br /> Erwin R'rust, a� the rate of interest and on th� terms and ____--
<br /> ' � conditions as set forth in such Note until pai.de The principal sum �l-r«',.._
<br /> � and interest shall be payable in accordance witl� and upon the terms _,i
<br /> , . and coaditions of said Note, and in any event the entire principal .
<br /> . . �. . ... :. : : ...:... . . . . . .. ..
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