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<br /> ;, EBRAS N'� N � _,' i�-
<br /> �� SECOND DEED OF TRUST �Ty ��t-
<br /> (HHP► IAdri) .�
<br /> � This Second Oeed of Trust(this'Second Deed of Trust"1,Is made as of February 6 1996,by and among
<br /> Jo Kirschbaum, an Unmarried Person �r _
<br /> _('�.
<br /> ("Trustor"),whose mailing address is 326 South Sycamore, Grand Island, NE b8801 �:-F__
<br /> � Commercial Federal Bank, A ('Trustee'1 , whose mailing address is =
<br /> Federal Savinga Bank , , Nebraska; and Nebraska Investment Finance Authority �
<br /> ("Berseficiary"1, whose mailing address is 200 Commerce Court, 1230 0 Sueet, Uncoln, Nebraska 88608-7 402. ���
<br /> �` -—
<br /> FUR VALUABLE CONSIDEPATION,Trustor irrov.ocably transfers,conveys and assigns to Trustee,IN TRUST,WITH POWER
<br /> � OF SALE, for the beneflt and securtty of Bennficiary, under and subject to the terms and conditions of this Second Deed of Trust, _
<br /> the real property, legally described an Exhibit A attached hereto and incorporated herein by reference (the "Property"I; and
<br /> TOGETHER WITH.alt rents,profits,royalties,income and other benefits derived irom the Froperty(collectively, the"rents"1.
<br /> all leases or subleases coverin�the Property or any portion thereof now or hereafter axisting or entered into, and all right, title and
<br />-�. - ---- intetesi o!Trast�r*.hereund?!, 211 rit�ht, title and interest of Trustor in and to any greater estate in the Pioperty owned or hereafter
<br /> acquired, alt interests, estate or othor claims, both in law and in equity, �vhich Trustor now has or may hereafter acquire�n tne
<br /> Praperty, all easemerns,rights-of•way, tenements, hereditaments and appurtenances thereof and thereto,alI water rights, all rlght,
<br /> • title and interest of Trustor, now owned ar heroafter acquired, in and to any land, lying within the right-of-way of any street or
<br /> hiqhway adjaining the Property,and any and aIl alleys and strips and gores of land ad�acent to or used in connection wfth the
<br /> � Property, and any and all buildings,fixtures and improvements now nr hareafter erected thereon lthe"Improvements"1,and aU the
<br /> estate,interest, right, title or any claim or demand which Trustor now has or may hereafter acqufre in ttie Properry, and any and
<br /> atl awards made for the taking by eminent domain, or by any proceeding or purchase in lieu thereof, of the whole or any part of
<br /> �� ' the Trust Estate, includ(ng without limitation any awards resulting from a change ot Qrade of streets and awards tar severance
<br /> - damages.
<br /> . The Properry and the entire estate anu interest conveyed to the Trustee are referred to collectively as the"Trust Estate".
<br /> � For the Purpooe of Securing:
<br />- A. Payment of indebtedness evidenced by any promissory note af Trustor in favor of Beneficiary;and
<br /> B. Payment ot all sums advanced by Beneficiary to protect the Trust Estate,with interest thereon at the rate of
<br /> sixteen percent (16%) per annum.
<br /> _� The indebtedness described in paragraphs A and B above is refetred to as the"Indebtedness."
<br /> . �
<br /> This Second Deed of Trust, any promissary note of Trustor ln favor of Beneficiary and any other insVument given to
<br /> evidence er turther secure the Oayment and performance of any obligation secured hereby are referred to colter.tively as the'Loan
<br /> • Instrurnants".
<br /> Trustor covenants that ti)Trustor holds title to tha Trust Estate and has lawful authority to encumber the Trust Estate, �;:�:�=-
<br /> � (fi)the Trust Estate is frea and clear uf all liens and encumbrances except for easements, restrictions and covenants of record and ___ __
<br /> the Deed of Trust from Trustor encumbering the Property dated on or about the date Y�ereof lthe 'First Deed of TrGSYI, and ___
<br /> (ili)Trustor will defend the Trust Estate aqainst the lawful claims of any person. '-
<br /> ':�,;
<br /> To Protect the Security of thts Second Deed of Trust: � '
<br /> 1. Payment oJ/ndebtadness. 7rustar shall pay when due the principal of,and the interest on, the Indebtedness and �'
<br /> all other sums as provided in the Loan Instruments.
<br /> � NIFA 2196
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