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<br /> ____,� DEED OF TRU3x 92— 1�f �i
<br /> --=�---
<br /> -a-- ---- -_- '-' THI6 DEED OF TRUST i8 made .Jkl� LD _ , 1992. -
<br /> �_��
<br /> -:°:Y;;;�: The Trustor ia Vernon D. Robbins and Kay L. Robbins, husband
<br /> �� and wife, a/k/a eorrower. The Trustee is William E. Olson, Jr.,
<br /> -----�_--� attorney. The Benefiaiary is T.O. Haas Tire Company, =nc., a
<br /> -_- - -- Nebraeka corporation, a/k/a Lender. Beneficiary's addreas is
<br /> �"�'-----� P. 0. Box 81706, 640 Weat "O" Street, Lincoln, Y�ebraska 68501. - -
<br /> ------ Horrower irrevocably aonveys to Truetee, in truat, with power of
<br /> ---"= sa].e, the followinq:
<br /> _ ���
<br /> .:-ii±��4!?;t���
<br /> �� Lot 3, Commeraiai Industrial Park Second Subdivioion,
<br /> - and the East 50 fe@t of Lot 2, and the Northeaot 62.65 -
<br /> ..,�--- -- feet of Lot 4, in the City o� Grand Isxand, Hall
<br /> 4, .;:,.�"�;�,. County, Nebraeka, together with that traat of land --
<br /> . ��� describad ae follows: That part of Frontage Rond in
<br /> .. . , •�•�•�r�h��h Commercial Industrial Park Second 3ubdivision vacated
<br /> �'�� ` by Ordinanae No. 6450, more particularly deacribed as -�
<br /> ��'�ry�� •". 1 that part of Frontaqe Road abuttinq upon the East 50
<br />- �;,�;;,i:�;-�:: " feet, or 15.240 meters, of Lot 2 and all of Lot 3,
<br /> � �`� � � � Com4nercial industrial Park Second Subdivision in the
<br /> ;��;�,�-s;`.��,.'.
<br /> '� ',� • , �� City of Grand Island, provided, that the City of Graad
<br /> ". '''���,_ k�• Ieland reaerves a sixteen feet wide eanitary sewer
<br /> '-�±�`.��>:::• �� �' easement, the centerline of which lies parallel to and -
<br /> 'iz� 15.4 feet, or 4.694 metere, North of the Noxth line of
<br /> . • ���►���= Lot 1 and the East prolongatioa of trie North line ot r,._
<br /> �_.�� �':�� ' �� �' Lot 2 of said subdivi.sion and extending from the Weat
<br /> line of vacated Frontaqe Road to the East line o�
<br /> �� ��� ''� vacated Frontage Road, together with rights of inqreas
<br /> .� ,�' . and egresa through and aaross such easement. __
<br /> �,.
<br /> � � � To ether with all rents and
<br /> ;;� ,.;;,;,�,,� ;r:: .� , g properties therefrom and aub jeat to �=-=
<br /> - ., , . „ , easementa and restrictions of record, if any.
<br /> �°. :,,�,..,. ...... ,�,.
<br /> ° •'y`4°:""�` �� �� � This Security Instrument secures to Lender the amount due
<br /> � •� � '��" •'"�� ` from time to time pursuant to the Credit Agreement between Lender
<br /> � ~�w" � and Tire Maeters, Ina. a Nebraska cor oration as borrower
<br /> '�. ;, r�'�� ��� � ,�l Borrower hexein being the owner of the majority of outstandinq =__
<br /> , rM,. . . � .
<br /> �:' ��;_:,..��� atock of Tire Masters, Inc. , the payment of all other suma, with =
<br /> �; :-:.�,`� interest, advanced under the provisions of the Credit Agreement
<br />., � ,� to protect the aecurity and the performance of covenants and ;�;
<br /> • �� � • � ��► aqreements of Tire Masters, Inc. Lender agrees that the power of �
<br /> - ',• " ' sale granted by this deed of trust shall not be exercised until
<br /> .x.:;.,. ., and unless all other aollateral ranted to Lender b Tire
<br /> .�r.� '�,.,._.:,--�'�'c�;�� �_ g y
<br /> ,•�.,` � Masters, Ir►c. has been duly exhausted, and there remains a
<br /> '�'��� . ,�, ` balance of pr3ncipal and/or interest remaining on the ewns due � �
<br /> ���� ° b purauant to the Credit Agreement. -���-�
<br /> � ��. ` .
<br /> �'� Y � ' Borrower covenants that Borrower is lawfully seized of suah F_--
<br /> . real estate and has the legal power and lawful authority to *�.
<br /> � �•� � �� corivey the same and warrants and will defend title to the real
<br /> eatate against the lawful claims of all persons. �.,,
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