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<br /> DEED OF TRUST 98��vA�i
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<br /> THIS DEED OF TRUST, is made as o�� day Qfy < < 1998, by and among ' j�
<br /> Kleine Funeral Home, Inc., A Nebraska Corporation ("Trustor"), ose mailing address is _
<br /> , �/��1/.A� �JPO,tiT .���PUT Grand Island, Nebraska, 68884�, Darrell K. Stock, ,.
<br /> ("Trustee"), whose mailing address is 1115 "K" Street, Suite 104, Lincoln,Nebraska 68508 and � �'°��-
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<br /> "�.�� .... Wells Realty Limited Liability Company ("Beneficiary"),whose mailing address is 1134 "O" , ��" ;
<br /> .:��;ttri'i;?;�;�.-..
<br /> Street, Lincoln, Nebraska, 68508. :;�;�,:.�.•��;�,:,.
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<br /> FOR VALUABLE CONSIDERATION, Trustor irrevocably transfcrs, conveys and .:j,p,4u___.=_-_ -
<br /> � assigns to Trustee,IN TRUST, WITH POWER OP SALE, for the benefit and security of :_-_-
<br /> � Beneficiary, under and subject to the t�rms and conditions of this Deed of Trust, the real •t�=�;-
<br /> ; property located in the County of Lancaster, State of Nebraska, and legally described as � ,:'ei;_�
<br /> � follows (the "Property"): •^'''""
<br /> . : ,,�±.:
<br /> � Lot 19, Warren Subdivision and Addition to the City of Grand Island, Hall County, ;��t�.����,
<br /> . � Nebraska, and an undivided one-half interest of the North Half (N 1/Z) of Lot 1, DRD �,�'��`"'
<br /> � �.:z:p�:r:
<br /> Subdivision, City of Grand Islanc�, Hall County, Nebraska ...•. :�-,
<br /> � � .� �...
<br /> ;. � TOGETHER `1VITH, all rents, easements, appurtenances, hereditaments, interests in �r�y�`-
<br /> �,� adjoining roads, streets and alleys, improveme�nts,and buildings of any kind situated thereon —��:
<br /> ° and all personal property�that may be or hereafter become an integral part of such buildings N ;�
<br /> � and improvements, all crops raised thereon, and all water rights. �_.`
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<br /> � `1 he l�ropsrty and the entire estate and inceresc conveye�to tbe Ttzt�t�e are ref�rred to
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<br /> s. collectively as the "Trust Estate". :,,-
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<br /> � FOR THE PURPOSE OF SECURING �_
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<br /> a. Payment of the obligation.s in the total principal amount of 5400,000.00 set forth
<br /> �: in a Promissory Note (referred to herein as the "Note")executed this same date by Tntstor _
<br /> `� ��, which has been delivered and is payable to the Beneficiary, and which by this reference is ---
<br /> � hereby made a part hereof,and any and all modi�cations,extensions and renewals thereof,and
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<br /> , ;�. b. The performance of Trustor's covenants and agreements. '
<br /> � This Deed of Trust, the leases,the guarantee of lease,and any other instrument given _ _
<br /> � � � � to evidence or further secure the payment and performance of any obligation secured hereby _ __
<br />` � � are referred to collectively as the "Loan Instruments". _ -
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<br /> TO PROTECT THE SECURITY OF THIS DEED OF TRLTST: •<
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<br /> 1. PAYNIENT OF INDEBTEDNESS. Trustor shall pay when due the principal o£, �� �' i;;' �
<br /> btedness evidenced b the Note, char es, fees and all other sums � �.���".
<br />_: and the interest on, the inde y g , _
<br /> �� i as provided in Loan Instruments. .
<br /> � 2. TAXES AND ASSESSMEI�ITS. Trustor shall pay all taxes and special assessments ,
<br /> - of every kind, now or hereafter levied against the trust estate or any part thereof as follows: �
<br />- I (initial one) �- �
<br /> �
<br /> � X Trustor shall directly pay such ta�ces, without notice or demand as each - ---��
<br /> . installment comes due and shall provide the beneficiary with evidence of the
<br /> . � payment of the same. ,
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