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<br /> � Deed of Trust nT _, __ _.
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<br /> TH1S DEED OF TRUST!s made thls Idatel,���3��._-- ��
<br /> \ ����.�-
<br /> whether one or mo►e, fherelnaRsr called the ••^`+''''~`
<br /> �;r,�v.
<br /> � �� �
<br /> . � •Trusroi'J,whose ma!llnp address is — � �'±?;"'
<br /> .,y .
<br /> , s e e„��.r�on �_�erelns/er cd/ed the'Tivats�7,whoas malUny •T..2��
<br /> ► •'orcaest Bank Ne6raska� Nati-'" ,end ;3y�,�;�:':
<br /> sddrsss Is , Iherelnafter cal/ed the 'Bene/ialary"J,whose •,y��t�:;
<br /> � *•on-aet Bani. Nehra9ka Nn�1 Otla� Aaao� r
<br /> �
<br /> msll/np sddress!s -,'�4
<br /> �. WITNESSETH: `•b;�
<br /> s IF THIS BOX IS CHECKED�]TH/S DEED OF 7RUST CONSTITUTES A CONSTRUCTION SECURITY AQREEMfNT UNOfR THE NEBRASKA , �:
<br /> CONSTRUCTION LIEN ACT AND CRfA7ES, QRANTS ANO CONSTITUTES A CONSTRUCTION SECURITY 1NTEREST!N THf PROPL�RTY ����
<br /> � �' DESCR/BED HERf/N 8E10W. "�`
<br /> � •;_
<br /> C -
<br /> - r WHfREAS, Tiustoi�s inqaated ro Banvti�rmy 1n tha yr1n:lFs!sum�� -- _
<br /> �;` n� al1 1998 __��
<br /> Dollars l8 162,000 00 1,wh/ch indebtedness Js evldenced by Tiastor s p�omissorynote dated — �`e F_�
<br /> �M :�
<br /> ' fheie/nefter called the 'Note'l,Peyable to the order ol Bene!lciary and having a maturity of n� A1 1998 ' �-=
<br /> , � NOW, THEREFORE,Ior the purpose ot securing: _._.-
<br /> le!psyment of the Note,together w/th/nterest the�eon,/ate charyes,prepeyment penaltles,eny/uta►e advsnces,end sl/extenalons, �
<br /> mudiflcallona,subsdtudons end renewels hereol, - -
<br /> ` f6!payment o/ell other sums,fees or charyes,toyether wJth lnterest thereon,advanced fo protect the secudty of thls Deed of Tiust and ;_�.
<br /> the pedormance ol the covenants end aD�eements of Trustor,whether or not set�orth herein,
<br /> (cl perlonnance,discherye of and compliance with every teim,covenant,obligallon and agreement ot 7iusto�contalned herein o► �
<br /> lnco�poreted 6y�efe►ence or any other secudty/nstrument at anytlme glvert to secme Me Note,end
<br /> (d!the repeyment o/all other sums or/uture advences,with interest thereon,whlch may hnetolore heve been or hereafter bB advenced by
<br /> Beneflclary to Tiustar or Tiustor's successoi in lnterest or tltle, �ents and nanslers to Tiustes,ln trust, WlTH POWER Of
<br /> elf of whlch Js herelneftei collectively ca/led the '/ndebtedness",Trustor lnevocablY g
<br /> SALE,the/ol%wing descrJbed pioperty:
<br /> � Lot Twenty Two (22), Morninqeide Acres Third Subdiviaion, in the City of Grand Ieland,
<br /> Hall County, Nebraska
<br /> J S toyethei wlth!!/a/f bulldinys stiuctuies,addldons,enlarpements,modl/lcatlons,iepalrs,replacements,endlmprovements now or hereelter _
<br /> /oceted theioon, fJ!/al!equlpment,mschlnery end/ixtuies(lncfudinp,wlthout limltetion,all Iightin�,heatinD.venNlet/np,coo/lny,elr conditloniny,
<br /> _ � spdnkliny and plumbing tJxtures,water and power systems,englnes,bolfers,ranyes,ovens dlahwesheis,mlrco�s end mante/s,caipetlny, —
<br /> /urnaces,o!/bwners,elevators and motors,re/r/Deietlon p/ents or units,communication aystems, dynemos,tians/ormeis,elecnlcal equfpment,
<br /> srorm end screen windows,doors,awninps and shadesl now oi horeafte�atteched►o,or builtin, any bu!ldlnp improvement o�lmprovement
<br /> now o►heieafter loceted the�son,lfiil slf easoments and iights of waV eppurtenant theroto,Iivl e!/leasehold estate,►lDhG NNe and lnteiest o/ ��
<br /> 7rustor!n and to ell/eases,whefher now or horeatter axisting or entered into Ilncludiny, wlthout/lmitetion,o//cash end security deposlts, � i,:
<br /> . advence ientefs and deposits ov payments ol a similar natu�el,pertainin�thaieto, Ivl aN ients,lssues,pro/!ts and income the�efrom/sub/ect ro ;;_
<br />= the rlyht o/Tiustor to co/lect end apply such�en ts,Issues,prolits and I»come as they becvme due and payaGle so lonq as no event of default �:V,. •� .r�'�:''
<br /> exists hereundeil,fviJ aU royalties,minerol,oil and gas dphts end profits,water,water rights,and weter stock,Ivlil all tenements, .:y,y�;�: e�-�.••'
<br />- heredltaments,privileges end eppwtenances be%nping,usod or en/oyed in connectlon therewilh, end�vHIJ e!/p►oceeds oJ converslon, voluntary -,�,;,�,,��?,�b..: •.
<br /> - or invo/untery,of eny o/the foropoing into cesh or liquidated claims finc/uding,without/imitation,procoeds of insurence end condamnation • -�;����`"
<br /> � awerdsJ,ol/ol which is hereinel�ar cof/ectivoly called the "Trust Properry'. .
<br /> TO PROTfC'I TNf SfCURITY OF THlS DEfO OF TRUST, TRUSTOR COVENANTS AND AGREES AS FOLLOWS: .
<br /> ' 1. T!tl�. Trustor cavenants,war�ents and agrees with Benelicinry its successois and essigns,Ihr�t Trustor owns the Trust Proportylree fiom any •
<br /> prlor Ilen or encumbrance,thot thls Deed o/?rust is end w�l!remain o valid end enlorcoab/e lirst/ien on the Tiust Property that Tiusto►,a[!ts
<br /> expense,wi/1 preserve such tit/o nnd wid mninteln this Deed oJ Tiust as a/irst end peremnunt lien upon the Tiust Properry And wlll/orever
<br /> war�ant and dolend the volidiry and priority o/the lien hereof ogainst the claims ol all persons and partios whomsoever. Tiustor, et/ts expense,
<br /> _ � will cause this Doed al Tiusr,and oach nmondmont or supplement heroto,to be lilod and raco�dad os a mo�tgape of the Trust P�oporry in such
<br /> mannei and in such placo and wdl tnko such uction os in the opinion o/Trustee ma�be iequirod by any p�esent or luture law in o�ddr to perlocG
<br /> .. _... .. . .r_.._. __.,.___........e.,tio a..,�aod�r cuonlnmonted Irom time to time. Trusror wi/l make such
<br /> - '� me�nta�n enu proracr rne nen w m�x�ono�� ��..�o o�.•.��-...-...-,__ _.-. .. ---- --- --
<br /> � /mther assurenca oi essuronces fo perlect its title to the Trust Property as moy bo roquirod by Bene/icieiy T�ustoi hoioby�olinquishes aU i/gAt o1 '� ' --'"
<br /> . � dowor and humostend in und to fho T�ust Pioporty.
<br /> ! 2.P�ymsnf oflndebt�dnea. Trustor shal!punctually pay tho princrpnl ol end mterest on tho lndobtodness secwed hdroby.
<br /> � 3.Constnrcilun oflmprovementt. Tiustor shal/cnmploto in good ond woikmanl�ko monnor eny buildings,improvements or�epafis ro/ating
<br /> ther�to whlch mny bo bngen on fho Trust Praperty or contomploted by tho loen evidoncod by tho Noto socured horoby, ro poy whan due ell
<br /> costs and liobilitios incurred the�e%ro,ond not to permit any construction Iron oguinst such Trust Propoity. In tho event construction ol
<br /> � 6ui/dings,improvomonts or rnpmis ora cnntoinp/otod, Trustor olso egroos onythmg in this Uoed ol Trust ta tho contrary notwithstnnding;fol to
<br /> promptly commonce Any such work and to compete tho proposoA improvements promptly, fbl to comploto tho samo in accordsnco with tho
<br /> plons and spoci/icvtions vs opprovod by 8onefrciary,fcl to comply with oll tho torms of o budding foon agroomcnf,il any,betweon Tiustor and
<br /> - ! Qensficlnry,tho terms o/whrch oro incorporatod heroin by referonco ond made r+port horoof,Id1 ro eRow BonoliciorY to inspect tho Trusf I
<br />- 1 Proporry at np trmes during conshuction,and fvl ro rep/ace nny work or mate�rals unsotislncrory ro Bennlicinry within filteen 1151 duys aJror
<br />:_ � written notice Jrom 8onehnory ol such tact '
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