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<br /> ' DEED OF TRUST , ��'� '��'�
<br /> ° �,i,: .. THIS DEED OF TRUST ia made this �(�i, day of �jt,l�. .�•
<br /> � �-• ��> 1992, by and e�mong VERNON 0. ROBBINB and I(AY L. ROHBINS, 1� Z uabAnd
<br /> aad wife, herein referre8 to as "Truator", whooe mailing addr�aa.
<br /> �� is 257,6 W. Charlea Streat, Grand Ialand, NE 68801� AREND R.
<br /> � 'ti�r�'� �` �" � SAACK, Attorney�at-Law, hereinafter referred to as "Trustee", --
<br /> " �.: whooe mailing addresa is P. O. Hox 790, Grand Island, NE b.8802=
<br /> •-,,,..;c�? .. .�,w..
<br /> ;..;.� � ;:�r� and GLRALD FERQUSON, hereinafter re ferred to as "Benefiaiary",
<br /> `�k��``�-' " ry' whoae mailin addresa ia Rt. Z, Box 37-A, Burwell, NE 68823.
<br /> �!��b�`�: g
<br /> , ... A.. ,� �
<br /> -_��� For valuable aonsideration, Trustor irrevocably grante,
<br /> -�.M_:.�
<br /> �� �� tranafers, convays and assiqn� to Trustee, in trust, with power
<br /> '�"��`��'=- of sale, for the benefit and seaurity of eeneficiary, under and
<br /> —�. _`_ ,-. .
<br /> ��., w; ,.:�,..� subject to the terme and conditfons of this Deed of Trust, e _
<br /> ��:�..h�'�'`�•:'��. following-desaribed property located in Hall County, Nebraaka,
<br /> :�� ". "r to-wit s .
<br /> _•;::_. .<•., � .
<br /> _ :iS�''j.;;;.; '%;;,:;;;; ;�::: .
<br /> '� }' :':� ,;.�;r;. Lot Three (3), Commercial Induatrial Park _
<br /> - � � � '-�'�`:�'�����'�������; Second Subdivision in the City of Grand
<br /> �: �•.,.�sr�� .
<br /> �`_�. . . ` `��`��' Island, Hall County, Nebraaka, and the East
<br />� ,� �, .
<br />=�� • .. . �� Fi f ty �'eet (E 50') of Lot Two (2) and the
<br /> . �° �,:.•n�,:"� Northeact 62.65 Feet of Lot Four (4) , Com-
<br /> � y • . meraial Industrial Park 3econd Subdiviaion in
<br /> — � �_ �.•� ���r. �•., the City of Grand Island, Hall County,
<br /> -'� ,' ., . Nebraska, together with that tract of land
<br /> " ��� described as followo: That part of Frontage
<br /> -- ' � ° , �� Road in Commercial Industrial Park Second
<br /> — ` fiubdivision, vaaatied by Ordinance No. 6450,
<br /> _._
<br /> _ — �� . ?..._.�-_�___�a_ more particularly desaribed as that park o
<br /> - - - --___
<br /> �_�— � Frontage Road abutting upon the Eaat 5o Feet,
<br /> � . or 15.240 meters, of Lot 2 and all ot Lot 3,
<br /> `�! .� �' Com:aercial Industrial Park 3econd Subdivision
<br /> ��;a ;;�r�,. •�.. in tihe City of Grand Island, provided, that
<br />- the City of Grand Island reserves a sixteen _
<br /> - � � feet wide sanitary sewer easement, the `-
<br /> � � ,r 4=� �,� centerline of which lies parallel to and 15.4 b'°
<br /> �" � - °•r�=-`� feet, or 4.694 meters, North of the North
<br /> ���� :�,:::�_ . • ��'�"` line of Lot 2 and the East prolongation of _
<br />- � the North line of Lot 2 of said subdivision
<br /> a � �.�� � and extending from the West line of vacated ��=
<br />'- �' Frontaqe Road to the East line of vacated =
<br />�;� ����';s;'��r ��� Frontage Road, together with riqhts of
<br /> ° �^ � � " ingress and egress through and across such
<br />---�: ,. .�_ -
<br /> ;Y�; r easement,
<br /> �.' �' ,T.� . � 4�-�
<br />,:., w.., together with all buildings, improvements, fixtures and appurte-
<br /> " � • nances located thereon or in any way pertaining thereto, and the -
<br />- - . rents, iasues, profits, reversions and the remainders thereof,
<br />- �' includinq all such personal property that is attached to the _ _
<br />- .:r"� .. _
<br /> :, �.�r:�- fmprovements so as to aonstitute a fixture, all of which, includ- E
<br /> -;n, ing replacements and additions thereto, are hereby declared to be �
<br /> - a part of th� real estate conveyed in trust hereby, �t being
<br />-�� �'� agreed that all of the foregofng shall be hereinafter referred to G-
<br /> ` as the "Property." �
<br /> �.:' . �:
<br /> F
<br /> - " �� FOR THE PURPOSE OF SECURING: a `
<br /> , , �.
<br /> � ,�. � , (a) the payment of indebtedness evidenced by C
<br /> � '� Trustor's note of even date herewith in the principal E
<br /> _ " Sum of FIFTY THOUSANb AND NO/100 DOLLARS ($50,000.00) , �,.
<br />� � � together with interest at the rate provided therein, or �
<br /> s, the principal and interest on any future advance not to
<br /> �, , exceed the total principal sum initially secured hereby ;
<br /> " " � aa evidenced by promissory noies sLating tney are •
<br /> secured hereby, and any and all renewals, modifications ;
<br /> and extensions of such notes, both principal and
<br /> ' � . interest on the notes being payable in accnrdance with
<br /> � the terms set torth therein, which by this reference is
<br /> hereby made a part hereof=
<br /> (b) the performance of each agreement and cove-
<br /> � nant of Trustor herein containedj and
<br /> �. -1-
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