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<br /> � _ �--- - — � DEED OF TRi1�T VUiTH FUYURE/�DVd�1AlCES -. . -.
<br /> � . < JANUARY .19 98 .by and among •
<br /> � : THIS�EED OF TRtJST.is made as of the 21TH aay of � �, ���.���
<br /> , ,- .
<br /> ... o. .,�r ._: .�.::�,. ...�.
<br /> � � � MUCKEL S AERIAL INC. A NEBRASKA CORPORA7ION �� � � -<� 4'
<br /> � �
<br /> . .� the Trustoi. � : _
<br /> . whosemailingaddressis �9�� VAI t Y ViFW 6^"•'^ *c��n��n uc 68803 (herein?nisWr,whetheroneormote�. ` .. ';` ,I
<br /> r�i- . .
<br /> _ ��:_:. -
<br /> ' the Trustee � .
<br /> , . , .:"<; �,,;:.
<br /> , ��c tivan9-15t17 (herein'Trustee7,and ,�",
<br /> whose mailing address is P 0 BOX 1507 CRAND�� �
<br /> :s.:_
<br /> the Beneflc�ary. ��:
<br /> � whose maifing address is 2015 N BROADWELL 6RAND ISlAND NE 68802 (herein'lende�. � f
<br /> , .- � �-'
<br /> ���-'. �' , FOR VALUABLE CONSIDERATION.inctuding L.ende�s extension of cxedit identified herein W ,
<br /> � :...,.. , .���.';`_-
<br /> , (herein'Borrower;whether one or more)and the trust heretn cr�eated.the recc�iiAt �,t?F•,,
<br /> of wtiich is hereby acknowledged,Trustor hereby iRevocablY 9ra�ts.��e�C°rneys and assigns to Trustee, IN TRUST.Vlf(TH ?f ;�,T
<br /> • � ppWER pp gpLE,for the benefit and securitY of Lender,under and subject to the temns and cortdi�°�hereinafter set farth,the neal �;
<br /> ; ��'_-
<br /> _ . • property desaibed as fo►lows: ._`,—�
<br /> �'x:_�;�
<br /> . • ;:t�:;�r�.
<br /> - THE EAST 330 FEET OF THE NW 1/4 OF S£CTION 33, 70WNSHIP 9 NORTH, RANGE 11 .,_.�;_.
<br /> � .. WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA. •."= �-
<br /> � , . �s Together with all buildings.improvements.fuctures,streets.aiteys.Passageways.easements.rights,pdvlteSes and appurtenanoes ,;,.'�.
<br /> - IopteB thereon or in anywise pertaining thereto,and the rents,issues and profits,reversions and remainders thereoi,and such per- �',`�_
<br /> .jt;g_
<br /> ° ' sonal properry 4hat is attached to the improvements so as W oonstitute a fixture,incfuding,but not Iimited to,heating and aaoting equip-
<br /> . :. - , --_ - men�and Wgetha�wtth tfis homestesd or marital interests.if any,whart of the rea{est3te secused bY ttt°tteneot litis "Deed of Trust and „-�i::�'t
<br /> � � ing repiacements and addit�ons thereW,is hereby declared to be a p �'���'•- r:�=-
<br /> ;.;:fp:
<br /> � ' a0 ot the toregoing beIng referred to herein as the'PropertY.
<br /> This Desd ot Tnist shall secure(a)the payment of the pdnGpal sum and interest ev�denced Dy a prom�ory 19t�e9 r aedit agree- :'-,}�-,
<br /> ` � � � mant dated JANUARY 27 1998 ����ng a maturity date oi JANUARY ,�.� �,`'
<br /> �.r • ,��-��
<br /> ' � in the oAginal pdndpal amount of$ and any and ail modifications,extensions and renewals '�'"`
<br /> �� � � thereoi or thereto and any and all future advances and readvanc�es to Borrower(or any oi them if more than one)hereunQer pursuant ,,��,
<br /> n es
<br /> ' � to one or more promissory notes or aedit agreements(herein cailed'Note�;(b)the payment of other sums advanced by lender to • ��:
<br /> !�!�-_,,
<br /> , � • , protect the security of the Note;(c)the performance oi all covenants and agreements oi Trustor set toRh herein;end(�atl present artd _
<br /> future indebtedness and obligaUons oi Borrower(or any of them if more than one)to Lender whether direct,indlrect.absotute o�contin-
<br /> � � gent and whethar arlsing by note%e�a in���ection thereryvlth,nc uding withoutl m�tation gua nteeas.d e'cur ry agreements nd �
<br /> _r. . . ..
<br /> secure the Note or otherwlse e
<br /> � � assignments of leases and�ents,shall be reterred to herein as the'Loan InsUumsnts. . . .
<br /> ; i Trustor covenants and agrees wiM Lender as follows: . .
<br /> , 1. Payment of tndebtedness.All indebtedness secured hereby shail be paid when dua. ,.
<br /> � ' 2. Tit1e.Trustor is the owner of tho PropeRy.has the right and authorlty to convey the Properly.and wairants that the Uen creat
<br /> ed hereby is a first and prior lien on the Property.except for liens and encumbranc.es set forth by Trustor in writing and detivered to .
<br /> Lender before execution oi this Deed oi Trust,and the execuUon and delivery of this Deed of Trust does not vtolate any contract or _
<br /> other obUgation to which Trustor is subject. �
<br /> '..3 � , I 3.Taxes.Assessments.To pay before detinquency all taxes,speclal assessments and ail other charges against the Properly .
<br /> now or hereafter levled.
<br /> ' � 4.�nsurance.To keep the Property insured against damage by fire,hazards inGuded within the term"extended coverage',and
<br /> such other hazards as Lender may require, in amounts and wilh companles acceptable to Lender,naming Lender as an addiNonal ,
<br /> named insured.with loss payable to the Lender. In case ot loss under such pollGes,the Lender is authorized to adjust,coitect and
<br /> � campromise,all ctaims thereunder and shall have the option oi apptying all or part o!the insurance proceeds(i)to any indebtedness
<br /> secured hereby and in such order as Lender may detertnine.(ii)to the Trustor to be used tor the repair or restoratlon of the PropeAy or .
<br /> ., • (iii)for any other purpose or object satisfactory to Lender without affecting the lien oi thts Deed of Trust for the tull amount secured . .
<br /> . : hereby before such payment ever took place.Any apptications of proceeds to Indebtedness shall not extend or postpone the due date
<br /> � oT any payments under the Note.or cure any detauit thereunder or hereunder.
<br /> " 5.Escrow.Upon wntten demand by Lender,Trustor shall pay to Lender,in such mannet as Lender may designate,sufficient
<br /> r sums to enable Leheer enPums onthe p opetty nsurance requ�d hereunider,end'(ii�the p emiums onaany moRgageensu9rannce :
<br /> i the Property. ( ) P
<br /> � reCL:red by Lender. .
<br /> 6. Maintenance,Ropairs and Compllaoce with Laws.Trustor shall keep the Frr.;erty in good candltion and repair; shall
<br /> - � promptly repair,or reptace any improvement which may be damaged or destroyed:shall r.ot commit or permit any waste or deteriora-
<br /> t�on oi the Property:shall not remove,demollsh or substantially alter any of the improvements on the Prc,:erty;shati not commit,suffer
<br /> � or permit any act to be done m or upon the Property in vfalation of any law,ordinance,or regulaUOrt:anz shail pay and promptly dis-
<br /> cha��e at Trusto�s cost and expense all liens,encumbrances and charges levied,imposed or accessed agamst the Property or any
<br /> . � part thereof. ' .
<br /> . : „ 7 Eminent Domain.Lender�s hereby ass�gned aI�compensation,awards,damages and other payments or reuot(hereinafter
<br /> -- :� �:H�:-..�T__�.,_..�..� ��.
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