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<br /> � � TFiIB DELD Oa �AUBT i� made aa o! the �„_,_ day of February, 1998, by and � -
<br /> a�nong R088 J►. A71CBK, an unmarriQd p�rson, ("TZtusTOR^�, whather ono or more, whoso �
<br /> '�� mailinq addrss� isc 3207 W. 16th Strest, arand Island, Hebraska 38803. �r
<br /> � a n d D U A N E l�. BTJRt�18, a msmber o! the Nebraska Sar t�esoaiation, ("TRUSTEE"), whoee r.� �
<br /> �'� mailir�q addross is: P. O. Box 2300, oran d Is laa d, N E 6 8 8 0 2 j ��
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<br /> �� 514 S.RBhady Bend Road acirand Ian�d,~NEN 68801.�Y~�� whose mailing addreas iss
<br /> ., .+� FOR VALUl1BLE CONSZDER7ITION, Tru�tor irrevooably tranatere, conveys, and
<br /> r� as�iqn� to Trustee, IN TRLJST, WITH POWSR Os 8l1LE, for the benefit and �eourity
<br /> • o! 8Qnatiaiary, und�r and �ubj�at to tho tarcns and conditi.ona of thie DeQd o!
<br /> •., '� Truot, th� r�al prop�rty loaat�d in th� City of arand Island, County ot Hall,
<br /> 8tate of Nebraska, and l�qally described as Lollowes (the "Property")s
<br /> " 7►11 that part of Lot One (1), in Slock Eiqht (8), J►rnold and 1►bbott's
<br /> Piddition to the City of arand Island, Iiall County, Nebraaka, and that
<br /> part of vaoated Clark Street as shown ia Ordinance No. 6579, all lying
<br /> - - _== tJarth a! th� !?arth r;�ht af way o! tho Uninn Paaifia Railrnad riqht of
<br /> way, coRnwnly knnwa a� 905 W. N. rront 8treet, Orand I�land, ii�
<br /> 68801.
<br /> TOaETI�R wITH all rents, eaeemente, appurtenancee, hereditnmente, intereats ia
<br /> therwnnand all pere nal propertY tha�t�may benor hereafterib�c me an i.nt qralupart
<br /> of �uah buildings and improv�nts.
<br /> Tho proparty aad tho oatiro eatat� and intereet conveyed to the Trust� aro
<br /> referred to colleatively as the "Trust Eetate".
<br /> ' FOR THE PURPOSE OF SECURIN(is
<br /> a. Paymant of indebtedn�s• in the total prinaipal amount of S�+.000.00, with _
<br /> intereAt thereon, aa avidenced by that certain Promiasory Note oE even dat� (thQ
<br /> • "Not�") wi�th a matssrity date of October 15 2000, exacuted by Truetor, whioh h�►N
<br /> refarencsi is heroby made aapart h�+reot, and any and all modificationa, extenRions and
<br /> . reneWala th�reof, and,
<br /> b. Payment of all eums advanced by Seneficiary to proteat �he Trust Batate,
<br /> . , � � I with interest thereon at the rate of fourteen (14s) percent per annum.
<br /> � Thie Deed of Trust, the Note, nnd aay other instrument qiven to evidence or
<br /> - � e further aacure the payment and performanae o! any obiigati.on secured heroby ar�
<br /> i referred to colleotively ae the "Loan Inotrumante".
<br /> f TO PROTSCT THE SECURITY OS THIS DEED OF TRUSTs �
<br /> S =
<br /> , 1, pavf+nr.N� OF INDEBTFDNESS. Trustor ghall pay when due the principal of, and �
<br /> the intereat on. the indebtednesa evidenced by the Note, charges, feee and all other ____
<br /> aume ae provided in the Loan Instrumenta. �
<br /> 2. 1REAL ESTATE TAXES. Trustor ahall pay the real eatate taxes nnd any special
<br /> aesesamente levied against the property directly to the County Treaeurer or City
<br /> Treagurer ae the caee may be, before the eame become delinquent. Trustor ehall
<br /> provide Beneficiary with n copy of the treasuror's receipt showing payment of all
<br /> real eetate taxes within ten (10) days after the taxea have been paid.
<br /> I 3, rxcUgpNCE AND REPAIRS. Trustor ehnll pay the annual premium coet for fire
<br /> 1 . __.�__�_.� ......e..e.•.e ina»ranna_ insuY�I1C the bullditlqe canstitutinq the tYllet
<br /> . . 7 a[iu on�osa..o.. ...........�_ -"------- -• - .
<br /> � eatate, for an iunount no less than tho replacement value of the buildinqa ana enaii
<br /> I provide Truetor with evidence of inaurance premium payments each yemr. Such
<br /> ineurance policy uhall aontain a etandard mortgege clause in favor of Beneficiary and
<br /> � ghall not be cancelable, terminable, or modi.fiable without ten (10) daya prior
<br /> wrftten notice to Seneficiary. drustor ahall promptly repair, maintain and replace
<br /> � the Truat Estate or any part therenf so that, except for ordinary wear and tear, the
<br /> Trust Eetate eha�ll not deteriorate. In no event ehall the Truetnr commit waete on
<br /> ' or to the Truet Eetate. I
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