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<br /> ti r p�ED 01F TR11ST
<br /> � � 31st da of Januazy, 1997, between
<br /> , THYS TFtUST DEED made this �_„ Y c\�
<br /> `x' YOUNG MEN'S CHRISTIAN A3SOCIATION (YMCA), A N�CA;��i A CQNonrPrafit w�
<br />- � ,}�� YOUNG WOMEN'S CHRTSTIAN ASSOCIATION � � �ORPOR.ATION, A Non- �v
<br /> r• Corporation; and �(MCA AND Y�^1CA NELJ BUILDIN ��
<br /> t� Profit Corporatioan; all hereinafter collectively referred �o as �
<br /> �� TRUSTORS; I'IVE POINT3 BAI�K, A Nebraska Banking Corporation, as
<br /> TRUSTEE and BENEF ICIARY.
<br /> It is the iratent of the TRUSTORS to create a construction
<br /> security interest in accordance with the Nebraska Construction Lien
<br /> ,:i:;,��+.,. ,' Act as well as to coeerina the described pro�erty herein in favar
<br /> `�'�� leasehold interest g
<br /> , ..: .
<br /> - of BENEFICIARY, FIVE POINTS BANK.
<br /> .� . .
<br /> � " WITN�$�r;lai:
<br /> • �.,
<br /> - �;;:,��;�r .
<br /> �- .,�:;',;.; - That T]EtUSTORS hereby grant, bargain, se�l, convey and warrant
<br /> �'"'�' � � to TRUSTEE, IN TRUST, its successors and a�signs, with power of
<br />-`��-i:������ sale, all of the TRUSTORS� estai:e or interest in the following°
<br />'�=r'>>�'�� aescribed real property:
<br /> ,...�,.
<br /> •==';���;yi.
<br />�'�:�,� -.�= A tract o� land comprising all of Lots Ons �hrou�g�iEinal _
<br /> -r�•.� �� (1 through 8 ) inclusive, Blo�k Fifty-Three (..3), q
<br /> - ��'`' Town, and including the vacated alley lying therein, and
<br />==���F�`�� ��i� the westerly Thirty-Six (36) F�et of Lats Four (4) and
<br />"�"��`f�' Block Fifty-Two (52), Original Town, and
<br />----.,t�-.:,.-_:�. Five (5) .
<br /> -«�ti�-���� including that part of the vacated alley line therein, _
<br /> -'�"i7� ��u� and all that part of vacated Kimball A�venue tying tharein
<br /> � __=�p-�-� � between said Blocks Fifty°Two (52) and Fif�y-Three (53) ,
<br /> � ���� said tract all being in the City of Grand Island, Hall
<br /> -;;;'���`�� County, Nebsas}ca,
<br /> _ _-��<;4%' , urtenances
<br /> �`:�`s�� together with all buildings, improvements and app
<br /> ---R-;�, thereon, including fixtures, streets, alleys, passageways,
<br /> _-_=-��-a=i easements, rights, pxivileges, and appurtenances locatad thoreon or
<br /> _�_�'-''r�"`c� � in any way pertaining thereto, including the riqhts of ingrass and
<br /> .- :•.;, �.
<br /> �� �2':�- . egress, and the rents, .issues and profits, reversions an
<br /> ""'.''���' remainders thereof and such personal property that may be attached
<br /> �- �`:...
<br /> - ,:-;•,,:,.��.
<br /> `�T"�"'�``"� to tk�e improv�ments so as to constitut� a fi�cture, which interes s
<br /> �" -Y "'�� r�re hereby released and waived, all of which, a.ncluding
<br /> replacements and additions thereto are hereby dec].ared to be a part
<br /> ���; ',., of the real estateafterrreferredetoias th��°Property�� Trust, all
<br /> � � of which is herein
<br /> - ' ,�.
<br /> # The TRUSTOR3 hereby covenant and agree with the TRUSTEE and
<br /> .,�f BENEFIGIARY that TRUSTORS are lawfully in possession of the abo�ve�
<br /> - �� � described real estate by virtue oE leaaehold agreements with the
<br /> - �;" � F City of Grand Isla►id, Nebraska, upon the above-described pr�pprty;
<br /> _� __� , _...F.., �,�thnritv to nledqe, grant and
<br /> _ " = that the�y nave yvc�u a.,., �a..a..- ---------. -
<br /> - � � � : assign their inter�st in and to the abave-describ@d premises and
<br /> ' �hat said premis�s aXe L•ree and clear of all liens ana
<br /> � encumbrances, and furthor, that the City of Grand Island has
<br /> �� consented tp nd�to the above-described real propertyht, title and
<br /> interest in
<br /> " This Deed of Trust is qiven for the purpose of sacuring the
<br /> payment of SEVEN HUNDRED THOUSAND DOLLARS ($700,000 .00), whicti sum
<br /> is evidencad by a Promissory Note to be executod by YoUNG M�N'S
<br /> I
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