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<br /> , • Deed oi Trust �.�,
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<br /> 26 Juna �D 9Y �by�d beM,een David A. Hackbart , �4 __
<br /> THIS OEEQ OF TAU�ST!s ada fhl��a.da�o .
<br /> ' and Dedra A �ta�k�art ue an an s �vhedwraw amore,(heralnaltercallad the"Trusfa'). --
<br /> ° • whosemdunpaddress/s �� oc in. Grand xeland. Nebraeka 68601
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<br /> " AW ST ANK h refna�B►oe1ledr�e"Tivat ) hose marling addresa Is _-
<br /> an Ie aa E '�N p pWEST B��I I�K s rls�ca National Aseoc�af�on ����MMor �,._
<br /> � . ° `--..-, ca!!od d►e"BeneNclary'),whats melNrtp addroas la 02 Waa t. � r . ran e an . e rae _ , . .^
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<br /> , � , '� WITNESSETH: –•-�-
<br /> IF THIS BOX IS CHECKED(X /THIS DEED OF TRUST CONSTITUTES A CONSTAUCTION �
<br /> ilt".• ' ' SECURITY AQREEMENT UNDER THE NEBRASKA CONSTRUCTION UEN ACT AND CRF.�4TE5, �''=`=
<br /> . � ��,, ORANTS ANO CONSTITUTES A CONSTRUCTION SECURITY 1NTEAEST IN TNE PROPERTY ---
<br /> � DESCRIBEO HEREINBELOW. ____��_ ��
<br /> THREE NUNDRED THOUSAND AND NO/100 -- ��'_-
<br /> • ' WHEAEAS,Trustor la Udebted to BeneAclery In fMe p�nclpel sum ol June �p ,(hervina/ror �`v ?
<br /> .• . , Dollers(S a��.Q�O�),whkh inde6tedness!s evldenced by Tiusror's p►omlasory ate d�ted d,_
<br /> � • cltlled dw"Note'),payable ro the wder o/Benellclary end havinp a maturJty ol De e er 6, ��^� • —.
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<br /> NOW,THEAEFORE,fo►the pu►pose ol secudn�: �•'•�' �--
<br /> (a) payment o/fha Note,together wlth Interest therea►,late aharyea,prepayment penafda�,any lutuie edvances,and all extenslon�, �^��=
<br /> modiNcadons,substltuGorw and renewals thereol, ��'�" ---- -.
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<br /> � � (b) payment ol ell other sums,fees a charges,rogether wBh lnterest thereon,advenced ro protect the securlty ol thls Dead ol Tiust and — __
<br /> . the performance o/the covenants and agreaments o/Trustor,whether a not sef lorth hereln, T
<br /> " , (o) perlarmance,dlscharpe ol end compllence widi every term,covenant obNgadon and agreement ol Tiustor contalned hareln a �`.I e�;�-
<br /> incaporated by re1B�ence a eny other securlty lnsbument a1 enydme glven to aecure the Note,end • ���•
<br /> (d) the repayment of a!1 other aums or future advances,wlth lnterest thereon,whlch may he�etolore have been a hereaRer bo advanced . . �, � �6:,
<br /> ,, by Be►wNciary to Trustor or Tiusror'a successa!n lnterest or GNe, '��
<br /> all o/whkh!a nerelnalter collecdvety called the"Mdebtedness", Tiusta InevocaWy pranfs and benefers to Tiusfee,In fiusf,WITH POWER -�.�fi�;,.�
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<br /> � OF SAl.E,Nw/olbwJny desorlbed prope�ry: ""'�
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<br /> „ 3ee Attacbed Exhibit "A" '���t��',},J
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<br /> ��'��.�..rt
<br /> �_ foQether wlUr(!)eIl bu!lding$,sln�ch�►r+.o,eddlNons,enlargements,modiBcadons.repe(rs.replacements,and lmprovemonts now or harealte► �Y• ''����
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<br /> Ixated thereon,(il)all equlpment,machlnery and fixtures pncluding,wlthout Ilmlfadon,all llghdng,heaGng,vendladng,cooling,mr �--- ..�,�
<br /> condidoning,spdnkling and plumbing Bxtures,water and power systems,enpines,bolleis,rangea,ovens,dlshwashers,mlrrors and mentels,
<br /> � •� cerpetlng,/umaces,oil bumers,efevetors and motors,reMgeratlon plants or units,communicaHon systems,dynamos,uansbrmers,elecblcal •
<br /> equlpment,stam and scraen wlndows,doors,awnings end shades)now or herealte�afteched to,or bullt/n,any bullding or lmprovemenf �•, '
<br /> now or he►eaRer Ixeted thereon,(ll!)all easements and dghts o/way appuAenant thereto,(Iv),all Jeasehold estate,dght,UUe and lnterest ol >�, :;,:.�.•� �.
<br /> Tivator In and to all leases,whether now or herealter exlsdng or ente�ed!nro(including,wlthout Ilmltadon,all cash and secudty deposlts, ••:�;. .
<br /> advance renfals and deposlfs a payments of e s!mllar nature),pertalning thereto,(v)all rente,lssues,proNts and lncome therelrom(sub/ect
<br /> ' ';1��:�,�, to the rlght o!Tiusto�to collect and apply such rents,lssues,proNta end income as they become due and payable so long as no evenf ol ; ��
<br /> � delault exlsts hereunder),(vl)all royaltles,minerel,oll and gas rlghts and pm�its,water,water dghts,and weter stxk,(vll)all tenements, , _
<br /> � ���'`�` ' heredltaments,pNvlleges and appurtenances belonging,used oi enjoyed/n connecHon therewlfh,and(v111)all proceeds ol converalon, • ,
<br /> � vduntary or involuntary,o/any of the Ioregoing!nro cash a IlquJdeted clalms(McludMg,wlthout I1mUadon,proceeds ol Jnswenca and -� �_,��
<br /> ' condemnetlon awerda),all o/whlch Is herelnalter collecNvely celled the"Trust Pioperty". ,"" �'•'-"°
<br /> ��'i�;:�. TO PAOTECT THE SECURITY OF THIS DEED OF TRUST,TRUSTOR COVENANTS AND AC3REES AS FOLLOWS: . -
<br /> � ��' 1. TiGe. Tiusror covenents,wenants and egrees w/th Benoliclary,lls successors end ass(gns,that Tiustor owns the Trust P�operfy Iree
<br /> �,i,:,,':•� Irom any p�lor l/en or encumbrence,thet thls Deed ol Tiust!s and w!!I remeln a vedd and enfa�ceable Nrst Ilen on the Trust Prope►fy. . ���_
<br /> Ihat Tiusfor,at!ts ezpense,wlll preserve such tlNe and wlll mainteln thls Deed ol 7rust as a lirst and paramount Ilen upon the Trust ~;•t;��.
<br /> Property and w!!1 faever wanant end defend the validlty end prlorlfy ol the 1len hereol agalnst the claims of all persons and pa►tles � - �.,��.
<br /> � whomsoever. 7rustor,et!fs expense,wlll cause ti►!s Oeed of Tiust,and each emendment or supplement hereto,to be/lled and .. � �,_
<br /> - recorded as a moAgage o/the Tiust Property In such manner and!n such plece and w111 fake such acdon as!n the opinlon of Tiustee .
<br /> � . may be requlred by any present or luture lew in order to pedec�,malntaln end protect fhe Ilen ol thls Deed o/Trust,es the same may r •.
<br /> •� be amended or sapplemented Irom time to 8me. Trustor wlll meke such lurthe�assurance or assurances fo pe►fect ffs NGe to fhe Tiust �
<br /> „'• Prope►ry es mey be requlred by BeneHclary.Trustor hereby rellnqu/shes all►lght ol dower and homestead!n end to fhe Trust Property. .
<br /> ;, 2. Payment ot Indebtedness.Tiusfor shall punctuelfy pay the princlpal o!andlnterest on the Indebtedness secured hereby. �"
<br /> 3. Consbuctlon ol Improvements.Trusta shall complete!n good end workmanllke menner any buildings,lmprovements a repebs relaUng
<br /> dterefo whlch may be begun on the Trust Propeity or contemplated by the loan evidenced by fhe Note secured hereby,fo pay when
<br /> due all costs and I�abillNes lncu►red therelore,and not to pe►mit any conshuction Ilen agalnst such Tiust Property.In the event
<br />' � conswctlon ol bulldings,lmprovements or repalrs are confemplated,Trustor also agrees,anything in fh►s Deed o/Tiust to the conhery �
<br />'I noM1V/thstanding;(a)ro promptty commence any such work and ro complete the proposed/mprovemenls promptly,(b)fo complete the �
<br /> same In eccordance wlth the plens end specllications as approved by 8enelic�ary,(c)fo comply with all the terms o/a bullding loan �
<br /> � ag►eement!1 any,between Trustor and BeneNclary,fhe terms ol which ere lncorporafed hereln by rele►ence and made a part hereol, � .
<br /> (d)to ellow BeneNciary fo(nspect fhe Trust Property at a/l dmes during constructron,and(e)to rep/ace any work a materlels � •
<br /> unsaBs/ectory to Benelic(ery within IiRaen(15)days aRer wntten notice lrom Benefic�ery o�such fact.
<br /> 4. Funds lor Payment of Charges.SubjeCt to applicab/e law or►o a wntlen warver by Beneliciary,trustor shall pay to Beneilr,iary on the
<br /> fiist day o/each month,or such other dafe each month es may be specified by Benel�crary.unhl the Indebtedness Is pald��lull,a sum
<br /> I (herelnafter called the"Funds"J equa!to 1�f2th o/the yearly taxes and assessments which may aftain prlorfry over Ihls Deed ol Trust
<br />' and ground rents on fhe Trust Properry,il eny,plus 1�12th of the yea�ly premwm mstallments lo►hazard lnsurance.plus ti 12th o/the
<br /> yeaNy premium installmenfs la mortgage insurance,il any,all as reasonably estimafed�nrt�a�fy and Irom f�me to hme by Beneliclary on
<br /> the basis of e5sessments and bllls and reasonable eshmates fhereo%The Funds shall be held m an instrtut�on,the deposits or
<br /> accounts of whlch are lnsured or guarenteed by a lede►al or stafe agency including Benel�c�ary Benelicrary shall app/y►he Funds to
<br /> nav snlA teres.assessments.lnsurence nremwms and around rents.Benel�c�a►V sh�ll nof be requ�ied fo pay T►ustor eny mte►esf o►
<br /> eamfngs on the Funds.Benefiaary shall grve to Trusfor.wdhout charge,en annuaf accounhng of the Funds showing credits anU
<br /> deblts to the Funds and fhe purpose lor wh�ch each deb�t to the Funds wes made. The Funds a�e p�edged as add�honal secunty!o►
<br /> the/ndebfedness secu►ed by rh�s Deed o/Trust.I!the amount o!the Funds held by Benelic�ary.together with fhe luture monthly
<br /> lnstallments o/Funds payab/e pna to fhe due dales of faxes,essessments,�nsurance ptem�ums and ground rents,shall exCeed the
<br /> emounf required to pay said texes,assessments,insurance premiums and ground�ents as they latl due.such excess shall be.at
<br /> Trusfor's ophon,eifher promptly repaid to Trusfa or cred�ted to Trusfo►againsf luture monthly mstallments o!Funds fl fhe emount o!
<br /> the Funds held by Benel�clary sha►I nof be sulf�c�enf to pay faxes,assessments,msurance p►emiums and ground rents as they lell due.
<br /> Trustor shall pay to Benel�ceary any amounf necessary to mako up the dehaency wdhm th�rty days from the date nolice�s maded by
<br /> - Beneliciery to Trustor requesUng peyment fhereo/ Upon payment�n lull ol al!Indebtedness.Benel�c�ary sha��p�ompfly rnfund to
<br /> Trustcv any Funds held by Benef�aery.If the lrusf Prope�ty�s soid under the power o�sale or�he Trust Prope�iy�s ofherw�se acqu�red
<br /> by Benelrc�ary.Benel�aary shell appl y,immed�afeJy pnor W the sale 01 fhe Trusf Property or r►s acqu�sdion by Benefivary.eny Funds
<br /> held by BenefrC►ary at fhe hme of appl�cahon es a cred�t againsf fhe�ndebfedness II Benel�c�ary executes a wr�tten wa�ve�of Trustor s
<br /> OW�gaUOns unde►this pa►ayraph 4, Trusfor covenanfs end eg�ees tv pdy.be%ra fhe s�me bQCOme del�nquenl.d/l�axos.�SSessments.
<br /> � k��ne•r�a�r�,w.n•,,.,�,,•,,� �
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