|
. .. �
<br /> :�r.�»� , .. — ,
<br /> ,,�.�
<br /> i . . , _ ;� � ((�� . , • � .�-
<br /> . m m � „ n,.� �.,
<br /> 'T� ^ CO A C/1 �
<br /> � f JC � C n f� ..
<br /> � � � � � � rn 2 n � e� r
<br /> �l d
<br /> � .��. � � . II:. "� U .
<br /> . I � .� ~ 4 T ' ~ . ...
<br /> � �� w �, � � �
<br /> � � }�� � -
<br /> � � � � o
<br /> � n � r :r+
<br /> � i 3 r' a ~' � . . _
<br /> � n N x N
<br /> � � '^� tn rJ'1 !� I ..''. -
<br /> �
<br /> �� Deed of Trust� �. _��-��`
<br /> ��KS � , -_
<br /> �� o .::_
<br /> THIS DE�D UF TRUS71s made thls._._._day ot. Fe ruary __, 19__-,by anv between REED D REEDiIN _, "i
<br /> � A Nebraska CoYporation _.—whether one or more,(hereina/fer called the^Tiustoi'), � -
<br /> ' whasemaumpaddreasrs P•�• Box 1015. Grand Is1an�.NE 68802 _,___ -----, '=
<br /> ' � NORWESlBANK NEBRASKA�ATIONAL ASSOCIAT_ION (heretnaler cal�ed the"1lvstee'7,whose matling addreas ls ,��.
<br /> S 202 W. Third_St' Grand Islandi_ NH..,endNORWESTHANK NEBRASKA�NATIONAL ASSOCIATION__ _,(harelnalter
<br /> t cauedrno••Bene�k�ary),whosomallingadd�ssls 2d2 Weat Third St, Grand Island,_NE 68801_ _. .
<br /> wirnresserH:
<br /> IF TNIS BOX IS CHECKED I�THIS DEED OF 1RUST C�NST/lUTES A CONSTRUCTION SECURIIY AOREEMENT UNDER lHE N�BAASKA _
<br /> � CONSTRUCl1QN LIEN ACT AND CREATES.ORANlS AND CONSlITUTES A CONSTRUC710N SECURIlY INTERESi IN THE PROPERIY
<br /> DESCRIBED HEREINB�LOW ____�___�____ ��i�rr
<br /> WHEREAS. Th�sta Is�ndebted fo 8enelivary in►he pdnc/pr�l sum of SEVG�NTY THOUSAND AND N0�100-------- _ _ , �
<br /> j, pouars(S��.i000_.00 _�,which IndobtBdness is evldoncod by T�ualor's promlasory nof�deted FCbYUaY}!. 10. , _ , �B 98_�(herelna/ter ' .,,� -
<br /> s�
<br /> colled the"Nofe),payable to thn order ol Beneflclary and havmg a matudry d Augua t_1 O_, 19_Q8__ _ �.;�.;_
<br /> 1 � NOW, THEAEFORE,for the pu�pose ol aecudng: p`•�.:����
<br /> �Q�p� ment penaltles,e future edvances,end all extenslona,modiffcations, +�•�'
<br /> } ment d the Not�togother wlth Inrerest theroon,lare chergea,prepey �Y � ��,.. �
<br /> k gubstltutbns and renewals thereo%
<br /> - =. � (pj/uryrrkifil L(81f LfhGt SL117."..!L`�:C.'C.h&"'�jeo,p+rd+a�har wifA iMBIB3t fh9IB011,advanced to protect the securlry of ihls Ueetl of TYust snd the peAOrmance .,.�"ti`.,�, '�i_
<br /> S _ `
<br /> o/the covenents and agreoments ol Iiusro�whethei or not set torth heroln,
<br /> (c) pe►lormance,dlscharge o/and Compllance wlth eu�ry te►m,covenant,o6Ugatlon and egreement ol 1►ustor contalned hereln o�lnco►poreted by �.
<br /> rolerence or erry other security Instroment et ar ytlme ghren to secure the Note,end =�;
<br /> " (d) the repeyrnent of all other sums or luture edvances,with interest thereon,whlch may heretoiore have bsen or herealter be edvanced by Beneflclery ro �;-.,;
<br /> - IYustor or Trosto►'s successorin Interest or title, �x• :
<br /> al!of whkh!s hs�elnalrer collectivey called the"Indebtedness'; Trustor laeirocabty g�ents and trens/ers to Trustee.!n trust,W1TH POWER OF SA1E.the .._
<br /> � foUowing descrlbed property: . �'
<br /> �+:_
<br /> p Lot Eighteen (18)� Jeffrey Oaks Fifth Subdivision, in the ci[y of Grand Island, Hall ;�,
<br /> County, Nebraska —
<br /> �v,=
<br /> � together wlth(i)ell bu!!dings,shucrores,addltlons,enlargements,modillCations,ropeirs,replacements,and lmprovements now or horeafter located thereon, ___°
<br /> , (Ii)all equlpment machlnery and Ilxfures(Inclu,iing,wlfhout 11mJteNon,all dghtlng,heaNng,venBlatlng,cooling,air conditbning,sprinkling and plumbing _ _
<br /> � Ilxture�water end paNer syslems,englnes,bWlers,mngos,ovens,dishwasher�mlrror8 and mantels,crirpetfng,lumece�oI!bumers,elevators and �
<br /> � morors,refilge►aGon plants or units,communlcaUon system�,dynamo�transformerS electdcal equ'rament,storm and screen wlndava,doo�&e►vMngs and ��
<br /> • ; shades)now or hereaRe►atteched%o�bullt In,any bullding lmprw�ement or Improvement now or he�affer Ixafed thsreon,(f!!)alI eaaementa end rfghta ot �
<br /> � way eppurtenant thore%(!v)a!1 loasehold estate,r/ght,BNe and lnferost o!7iustor In and ro ell leases,whether now or hereafte►exlsting or er,tered Inro _
<br /> (lncNding,wlthout 1lmltatlon,all cash end secudty deposlts,advanCe rentels and deposlts or payments of e similer neture),pe►tu�ning theret0.(v)all rents, �"_-�=-
<br /> � i I Isaues,prolits and Income therelrom(sub�ect to the rlght ol 1Fusror to collect and apply such rents,Issuea propts and lncome es they become due and
<br /> ; + payabfe so long as rto event d deleuR exlsfs hereunder),(v1)all royalties,mineral,oll and gas dghts and proBts,wate►,weter nghts,and water atock,(v/q all
<br /> ..�r�-....�.
<br /> '�' , tenements,hereditaments,prNUOgos snd eppurtenances belonging,used or en/oyed In connecNon therewlth,and(vllq all pmeeeds o/cornnarsbn,wluniary _: __ _ _ �
<br /> 1 or Imroluntary,d any o�the foregoing!nro cash or Ilquldared c�alms(fncludjng,wlthout limlteNon,proceeds ol Insurance and condemnatlon ewards),ai!ot �:;.rr�-'-.
<br /> ; ' I whlch!s here�nafler coRectivey ca�led the"Ttust Property" �'_-_ _ _
<br /> � 7t�PROTECT THE SECURII'Y OF TN1S DEED OF TRUST,TRUSIC7R COVENANTS AND AGREES AS FOLLOWS: � �:,;
<br /> I 1. TiNo.Tiustor covenants,warrants ttnd agreos wlth Beneliclary,Its suCCessors end asslgns,that hustor avns the Tiust Property 6ee from eny pda llen ,.
<br /> � or encumbrence,that thls Deed ol Tius[!s anQ w(ll remaln e vedd end aMo�eable 1lrat den on tha Trust Property,that Trusto6 et Its ezpense,w10 . �T ��►
<br /> � preserve such HUe end wAI mainrein fhls Deed ol Tiust as e lirst end paremount Ilen upon the Tiust Properry end wlll lorever wanant end delend the c•• +�•�x"'�'�
<br /> I velldlry end prloriry o�the Ilen hereo/agalnst t ho c ls lms of ell p ersons and parles whomsoevec lYusroi at its expense,wlll cause thls Deed ol liust, ���••; ��-�•
<br /> ' 4p`A.<,_ ' „�
<br /> and euch amendment or supplement here%to be filed and recobed es e mortgage of the Trust Properry;n such manner and!n SuCh pla�e and wl11
<br /> � take such ecNOn as In tho opinlon ol Trustee may be requ�red by ary present or future faw in order ro pedect,malntaln end protect the 1len ot thls Deed , •:�y :
<br /> � o/hust,as the same may bv amondod or supplemented Irom tlme to tfine. Trusror will make such luither assu�ence or essurances ro per►ect(ts dtle to
<br /> � the 1Yust Property as may he requlred by Benel�lary. 1lustor hereby rellnqulshes ell right o/davor and homestead!n end to[he liust Property. . ;'^'
<br /> ; 2. Payment o�Indebtedness Tiusta sha�l punctualy pay the principa�of and lntemst on the Indabtedness secured hereby.
<br /> i 3 Conshuctlon oi Improvements.liusro�shall complete(n good rrnd workmanlike msnne�any butldings,improvements or repairs rgleting thereto whlch
<br /> i may be begun on the trust Properry or conlemplated by fhe ban evldenced by the Note socured he�ebyt ro pay when due au costs and liabl�ltles
<br /> � Incurrod therefore.and not to permit any construcfbn Ilen against such Trust Properfy. In the event construction ol bwldings.lmprovemenfs or repalrs
<br /> are contempleted.Trusro�elso agrees,anything�n thrs Daed of Tiust ro the contrery nonvdhstending;(a)to prompity commence any such work and ro
<br /> Complets the propoSUd Improvements promptty.(b)to complafe the stime In eCCOrdance wlth fhe plans end specHicafions as epproved by Bonefic�ery,
<br /> ' (c)ro compry wlth all fhe terms o1 a bulfding Ioan ar�roemenL d 8rry,bert+reen Trustor and Beneficlery,tho torms o�which are incorporated herein by
<br /> rofomnco and mede a part hereo►. (dJ to elfow Benol(aery to�nspoct the Trust Property at all hmes tlw�ng Const�ucGon,and(e)to rgplBCe any work or �
<br /> � m8tenalS unsabsluctory to Benei�MOry wdhm hfteen(15)days ufter wntten nohce Irom Benehciary of such fact.
<br /> . . .. . .- .." ` """'.._n_�.._n__�.........n..�l.n I.rol.ta..J nnrh ... _.._..
<br /> . 4. Funds!or Peyment of Cherges.Sub,�oct eo applicaD�o�aw or ro e wnrtun wa�wr uy oane�,wa�y. �,w��.o.�o,.ro�...�.�............v.�...._...-•--. ---- . -----. .
<br /> month,or suCh other dato er3ch month ns may be specdied by Benel�c�ary.until tho lndobtednoss is paid in lull.a sum(hereinatter Calletl tho�'funds') �
<br /> aqual to i/12th of the yearty taxes end assessments wh�ch may a1tUm pnonty over fhis Deod of Trust and ground rents on the Tiust Properry,d any,plus i
<br /> V t2fh of►he yea�N pnemium mstal/ments lor httzard insurence.plus t/12th of fho yearry promwm mstal/ments for mortgago insurence.d arry,ull es �
<br /> : reasonebty estimated md�ally and/rom timo to hmo by 8enetiaary on tho bes�s ot assossments antl bdls and reasonablo oshmates thereol. The Funds
<br /> • shall be heW m an inshtu�ion,tho doposrts or accounts o�whrch are msured or guaranteod by a foderal or staro egv�cy mcludmg 9enel�C�ary �
<br /> 8enehc�ary shall apply the Funds to pey said taxes.assessmonts.msurenco promiums and ground rents 8eneliaary sha�l not be mqwred to pey I
<br /> Tiusfor erry�nterosf or oermngs on the Funds.Bonefic�ary shall grve to i�ustor,wrthout cha�ge,an annual accounhng o/tho Funds showmg Credds dntl �
<br /> debrts to the Funds and rhe purpose for wh�ch eaCh debit fo the Funds was made. The Funds aro pledged as addd�onal secunry for fhe Indebtedna5s I
<br /> secured by this Doed of irusL 11 the emount o/tho FunOS hold by Bene%c�ary.fognfhor wdh fho futu�e monlh/y mstallments ul Fund�payablp pnor to i
<br /> the due dafes ol foxos,ussossmnnts,msuranco prem�ums and ground rents.shall oxcoed thv emount roqu�red to pay sa�d texps.assessments. ,
<br /> insuranco premiums and g�und rvnts tt�fhey fal�duo,such excess shal�be.at irustor's ophon,eifhpr promptty repeid to i�usfor or crediftld to Trustor i
<br /> � i
<br /> rr,�.��v,n�,rn���•+••�•�:•��:� I
<br />
|