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<br /> ��i :��"•t
<br /> n�,�,�„ Deed of Trust
<br /> .h' ..`�. Y��'�
<br /> ��:1.� q2-lOS�221
<br /> ' `" '' , TNIS DE'ED OF TRU3T la m�tN fNa 1S �y� July � �O 92�py��� ,
<br /> -whethsr on�a mon�,(MrMrwR�r oaM�d dN"TnaAOr')�
<br /> .,� �,s� .. �hw�m,�Wnp addnst!a � Indtor cW�d tM"TiwtM'), hoa�rtw1Y�!r
<br /> - ,T '�".. __ N 302�WT Thir an an .�nd��AW E_Thei d � II
<br /> -.. QalMd oh�"B�n�AbJary„),whos�malMnp addreaa la • r , rs � an . s ra• .
<br /> ..r�r° - •• . � ___ --_ -
<br /> .^ p:�•.'y:.:":.�,. WITNESSETH:
<br /> _ �� '' "" ` �`".=�� IF THIS BOX IS CHECKEO/X [TNIS GEFD OF TRUST CONSTITUTES A CONSTRUCTION
<br /> .:`� .' .� ' .
<br /> —:j'����:4�+ '.�` SECURITY AQAEEMENT UNDEA THE NE6RASKA CONSTRUCTfON UEN ACT AMD CREATES,
<br /> ORANTS AND CONSTITUTES A CONSTAUCTION SECUfiITY INT�REST IN THE PAOPERTI� _
<br /> •`t " "'A � OESCRIBEU HEAEIN9El.OW.
<br /> � �3.•-.�'� . �' FIFTY THOl13AND AND NO/100 --------------------
<br /> o �� Dd/ua(t Ssb��'�oond,bted h 1�b�rNSS Jt e denc�d by Tiusta's promisso nota t�d 1�.4Z.{M►Mnalhr �_ ___—--
<br /> _ � x . • ca1Nd tl�"Nota'7.PeYabfo ro the adsrol Banellcluj►euiel hrviny a maturiryof Jan a , �—� .
<br /> �,.'�.�. ._� .,n
<br /> . ,�,- NOW,THEREFORE,Ibr the purpore of secudnp: —�
<br /> ;�.� � � .��, (al MYment of Nw Note�topether wIM lnterest thereon.lat�cfwpes.P+r1�Ym�PMafWs�any luturo adv�nces,�nd W art�nslons. --
<br /> � modlNcatlons,subsdtuGo►+s snd ronewds thMeo/, --
<br /> _ '="= .--�_�° . (b! PeY�"^r d all otN�r sums./e�s a ch�►pss,to9ether wlth lnterast thenon.idvencQd to p►oteat th�socuri y of fhis Osed o/Tnat�nd
<br /> '` qN psrlorniance o/tbe covenants and ayroanents o�Truator,whethe�a not s�t fort�i Mrom, �==
<br /> f_ �,� � . i�`
<br /> - '-�• ' • (o} perlormnnce,dlscharye of end comp!lanca wld�every temr,covenent obllytllon w�d agroement o!Trustor conhln�d fw►�M a �"�=�-�'
<br /> _ . �.....•—
<br /> �� •. incapaated by►o/erenca or eny other secudty lnshument at enytlme p�van lo socure the Mote,and �.��,
<br /> y }�� "��• ����" (dJ the repeyment ol all other sums a luture advances,wfth interest thwoon.whfch may hererolore hovo b�e►i a haadtw ba adwncod —
<br /> �'��: ` - � 6y Bona/kiary to Trustor a Trusta's successorin lnterest a dde,
<br /> �. �.. ..�ii.� .r. -:' S•
<br /> ,,�� '� .� �;, � OF SALE,�the lollowlnp desc c�bod prolnerty:�.,Ind�btadn�ss",TiustorlmeroceWy�ranls and bona/a�►r b Tiu�t�,ln bu�t�WITH POWER --
<br /> =`�� " �,-,���•.=�r'.•• Lot Twenty-Nine (29) in Weatwood Park Subdiviaion� �_-___---
<br /> ��, • �. . � Grand Ieland� Hall County. Nebraoka =___
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<br />-_,,,� '• . �,.�'��
<br /> � � ., topether with(Q All buildlnps,sbuctures,eddldons,enlargementa,modlNcatlons,repelr�,►eplacements,and lmprovemonts now a harae/tw
<br /> _ ; ` --- looafed thereon.t►►l en equrpmenr,rr�achlrrsry and Rxtures(Irtcluding,wlthoN N�rrlt�len,el/ughdng,heatlng.ventllaGny.coollnp.alr --�-- ^.
<br /> �� f ��+ condltloning,aprJnlding end plumbing Hxfures,water and power 8ystems,eny/nes,bdlers,►anges,ovens,dlshwashers,minors end mante/s,
<br /> �= =; • '+�,'�• carpetlng,lumaces,dl bum��s,efevatas andmorors,reldgeratlon plants wunll9,communlcadon systema,dynamos,banslormera,efecMcal ,.L,��,,,,,.
<br /> ""� � ����� . equlpment,sMrm and sc►een wlndows,doors,awNngs end shades)now oihereafter atteched to,a bullt!n,any bWldinq orlmprovement �
<br /> '-� � now or hereaRe►located thereon,(!p)all easements and nghts ot way appurtenent the�ato,(!v),all leasehold estate,Nght,dde and lnteresf ol �:"�^F��:
<br /> � •ir$• � • Tiustor ln end to al!/eases,whether now or hereaRer exlsdnp w entered lnfo(lna�ud�nD•K�thout�Imltatlon,all cash and secudry deposlts.
<br /> -. � � , . adwnce�enfela end deposits or payments of a slmller nature),peKelning thereto,(v)ell rents,lssues,proNls end lncome there/iam(sub�ect __
<br />_.=- • • � ''�• t,p the dqht o/Tiusror to cdlect end eppty such rents,lssues,p►ollts and lncane as they become due and payable so/on�aa no event of
<br /> ' •�;- defauft exlsts hereunde►),(vl)all�oYaldes,minerel,0!1 and ges�lyhta end proBts,water,water dghts,and water stock,(vll)all fenementa, �,�.:
<br /> � "� � heredltamente,pdWlegea and appurtenar,ces belonging,used or enjoyed In connecdon therew!►h,end(vlil)all proceeds o/converalon, � �'
<br /> ` � �r • Holuntary or lnvduntary,ol eny ol the bregdng!nro cash or Iiquldeted clalms(lncluding,wlthout qmltedon,proceeda ol lneurance and _ �
<br />".'�'� h condemnadon ewarda),all ol wh/ch Is hereinalter cdlectivety calfed the"Trust Property".
<br /> ''� � TO PROTECT THE SECURITV OF THIS DEED OF TRUST, TRl;STOR COVENANTS AND AQREES AS fOLLOWS: _
<br /> .�:�.: �=�.-,�_-
<br />-___ � � � '� 1. T1He. Trustor covenants,waaents and agrees wlfh BeneNclary,!ts succesaors and asslgns,that Tiusfor owns fhe Tivat PropeRy Irea �,,^rt:_-
<br /> ��,t. � . Irom eny p�lor flen or encumbrance,thet thls Doed ol Tiusf!s and wlll remeln e valld and enlorceable/lrst Ilen on the Tiust Property, �_
<br /> :? � : that 7rustor,at its expense,wlll p►eserve such tltle and wlll malnfaln lhls Deed o/Trust es e/lrst snd pa►amount llen upon the Tiust .,
<br />_-e^�' • ' , pioperfy and wlll lorever warrant and delend the valldity ar►d pHOdry of the den hereo/agalnst the cJa/ms o1 aU persons and partles ,,,.,,� � ,
<br /> ����° • whomsoever.Trusror,af!ts expense,wlll cause thls Deed ol Tiust,snd each emendment or supplement herelo,ro be QIQd end
<br /> �� �' recaded as a moRgege ol the Trust Property!n such�nanner and in sucA place and will lake auch actlon as!n the opinlon ol Tiustee =';r��
<br /> •a� ' '� ��� may be requlrad 6y any present or/uture!ew In order ro pe►/ect malntaln and protect the Ilan o/th/s Qeed of Tiust,as the seme may '
<br /> � '' � be amended or suppleme►+ted hom tlme to tlme.Trustor wlll make such/urfher assurence or assurances to pe►lect(ts tlHe to Me Tiust �
<br /> ..,�, ' , .��. Properfy as may be requlred by BeneNc/ary. Tiusto�hereby relinquishes all Nght o/dower and homestead!n and to the Tiust Properry. �.
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<br /> �-`:�" 2. Paymont o!Indebtedness.Tiusror shell punctually pey the pdnc/pal of sndlnteres[on the Indebtedness secured hereby. �;�.:�:�. -
<br /> _ 3 Canstructlon ol Improvements. Tasta ahall compfete►n good end workmenMce msnner any bulldlnps,lmprovements a repelrs reletlng r
<br /> . �;r��` � , fherero whkh may be begun on the Tiust Property or contemptated Dy the ban evidenced by the Note secured hereby,to pey when
<br />_ �� .,..,.. .., .
<br /> ���� . ' due all ca9ts and!labl/ltles fncwred therefore,and not to permlt any conshucNon l/en agalnst such Trust Propeity.In the event ,
<br /> conshucdon ol buildings,Improvements or repalrs e►e contemplated,Tiusror elso agrees,anyfh/ng In th(s Deed ol Tiust to the conhary
<br /> notwld►stending;(a)b promptly commence any such work and to canp/ete the proposed improvements promptly,(b)to comple[e fhe �
<br /> same!n acco►dance wlth the plans end speclNcatlons as epproved by Beneifclary.(c)to compfy with all the terms of a bulfdlrtg loan ,
<br /> ' � egreement,!/any,between 7rusror end Beneflclary,the terms o!whlch ere incorporated hereln by relerence and made e part heieof, t
<br />. ' I (d)to aHow Benepclary to Inspect the Trust Property at all dmes during constructlon,and(e)ro rep/ace any work or metedels 4
<br /> unsetlsfactory to Beneliclary w(d►!n/IReen(f 5)days a/te�written notice/rom Beneliclary o►such lect. F
<br /> � I. Funds/or Paymenf ol Cha►ges.Sub/ect to epplica6le law or to e written welver by Bene►iclary,Tiusror shall pay to Benellr,(ary on the
<br /> 'r � ' � Ilrst day o/each month,or such other date each month as may be specl�(ed by Benellciary,untll fhe/ndebtedness ls pald In lull,a sum ;
<br /> ' � (herelnaller calfed the"Funds'7 equal to f�i2th o/fhe yeady taxes and assessments whkh may attain pNonry over thls Deed of Tiust `
<br /> end ground rents on the Trust Property.if eny,plus 1�12tl:o/the year�y premlum tnstallments lor hazard Insurance,plus 1i12th o/the
<br /> •� yeady premlum instal/ments for moRgage lnsurance.il eny,all as reasonably esfimated lnit►ally and lrom tlme to time by Benellclary on ,
<br /> the basls ol assessments and b(Ils and reasonab/e est/mates!hereof.The Funds shall be held m an Instltutlon, the deposlts or
<br /> - accounts of whlch are lnsured or guarenteed by a lederal or state agency includlrrg Benelic�ary. 8eneflciary shall apply the Funds fo
<br /> pay sald texes,assessments,lnsurance premiums and ground rents.BeneNciary shall not be reqwred to pay Trustor any interest or
<br /> __Y.�C..�J.. Owwnf:w:nw��r..�l.d�n�n Ti��efni u�t►hn��►�hnrna an annual accountina o/the Funds showing credits and
<br /> " ' --- '-- bQ111111(�JVIIl1IV/Y/wu.vaar�vr�v�w.>.n.r..'.•�•– ••--'–'... '---- '
<br /> � debJts to the Funds and the purpose for whlch each debif fo the Funds was made.The Funds are p�edged as addiHonal security for
<br /> ' the Indebtedness secured by fh(s Deed of Trust.ll the amount of fhe Funds held by Beneficiary, together wifh the future monfhly
<br /> lnstallmenfs ol Funds payable prior to the due dates o/taxes,assessmenfs.msurance premiums and ground rents.shall exceed the
<br /> ` . amount required to pay sald taxes,assessments,insurance premlums and ground rents es they Jell due.such excess shall be,at
<br /> 7rusfG►'s opt(on,elther promptty repa(d to Trustor or credited to Trusror agelnst luture monthly msfallments ol Funds.fl fhe amount o/
<br /> . the Funds hefd by 8eneliclary shall not be suHiclent to pay taxes.assessmen�s,inswance premrurns and ground rents as they/alI due.
<br /> Trustor shafl pay to Beneliclary any amount necessery fo make up the delicrency within thuty deys from the date notice�s mailed by
<br /> ' Beneficlary to Trusfor requosting payment thereo/. Upon peyment�n full of aN Indebtedness.Bene%crery shell promptly relund to
<br /> Trustor any Funds held by Benelic�ary.Il the Trust Property(s sold unde►the power ol sale or the Trust Property�s otherwis:►acqu�red
<br /> � by Beneliclary.BeneJ(cfary shall appfy,immediately prior to the sale of the Trust Property or�ts acqu�siGOn by Heneliaery.any Funds
<br /> held by Beneliclary et the tlme of application as a credit agalnst the Indebledness.ll Bene6ciary execufes a wrrtten warver of Trusfoi s
<br /> obligaUons under thfs paragreph 4, Trustor covenants and agrees to pay,belore�he same become del,nquent.all taxes.assessments.
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<br /> � NC�trer�rra��M�N�ds��dW� 1
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