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<br /> _ `� DEED O� TRUSY t� �� .. ��
<br /> _ <.- -- -- --.-._.--:<.
<br /> ,...... �.:
<br />-� �--�'�—r This is a Cor�struc4lan SeasdtY a8reement and it secures an obtigation which ths 6orrower has and will incur for the puryose c _- ,
<br /> i -
<br /> ` � of making an improvement or improvements of the real estate in which the securi interest is g►ven. �,_ �
<br /> ��
<br /> J
<br /> ` ., � 1998 ...by and between �� \ �� _
<br /> Ma�ch �
<br /> < , ...........
<br /> . THIS DEEO OF TRUST is made this...�d......day of.............................................. . , . . . .
<br /> • : . ......................Herif�ea.InQustrias 1n�...a.�tebr�sKa GamoaaUQn............................................................................................. . __ .. .
<br /> ° ° wnether one or more,theretnafter catied the"Ttistor") whose maitmg address�s �
<br /> � . � . ...................P:Q,.�gX 3�..�0�,.ri.@J!ter!nial Ro�S�,!N..�yr1e..M�.�7��...................................................._................................'. c � : �
<br /> • .......... and.Homescead Ca,pital CompanY,.lnc:................ ..... .. .........N�4��.�$787, ....... � V�
<br /> � • (hereinafter catled the°Trustee'),whose maAing address is.. ��9�M�4n$t�gg��(VaY.►!Q, ••••••••••°°• . � `
<br /> .:,
<br /> ......
<br /> : Ho estead ...............................................
<br /> �� - ' , . • 'r�1-
<br /> .; . �< .......................................................and.............!�4...........�P.lta�rP.�PaP.Y..���:....................ry��,
<br />= . � � ...........,(hereinafter catisd the'Beneficia whose maiting address is :
<br /> . . .. .... . ............................ , . -"�"!_
<br /> . ....................�9�.M�t�.�`'�..��,.W�x�t��l�g6t��K����$7..................................__..............................._............. . .. -
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<br /> . � . � �G�NG���. _ __':
<br /> 'r lF THIS BOX IS CHECKED L�J'i�IS OEED OE TRUST CONSTITUTES ACONSTRUCTION SECURITY �Ar,:�.'. ..�`�=
<br /> .` � AGREEMENT UNDERTHE NEBRASKA CONSTRUCTION LIEN ACT AND CREA'fES.GRAtVTSAIVD ,.� i�--
<br /> . '_.,�_.;-.::,-
<br /> � CONSTIMES A CONSTRUCTION SECURITY INTEREST IN THE PROPERTY OESCRISED HEREINBELOW - -- - . k�_
<br /> .�-=_
<br /> ; . "�_`:
<br /> , ,.�
<br /> ' WHEREAS.Trustor is indebted to Beneficiary in the pr�ncipal sum of.........................................................................••-.... .
<br /> ' One Hundred Ten Thousand
<br /> 110 OOO.OU )which indebtedness is evidenced by -'
<br /> _ . . ; .. , .........Doflars(�.......x...... ��
<br /> ..................... ,�
<br /> , . '
<br />�,, . ..... a •
<br /> . , � ....................................... 1998.........•-••.(hereinafter called the Note',PaYable '
<br /> , ......................... Mar�2 ...._.. ......• • --.. :�'+��
<br /> .. • ...
<br />�• • 7rustor's promissory noted dated........... •••• •••••••••••••-• ••�- 1998 , �
<br /> ,. •� .: Se em 2 • � .,. ---
<br /> r' ' totheorderofBeneficiaryandhavingamaturityof..............RS....4gL..•••••••••••••••••••.•••••°••••°•^•••• '' " �
<br /> , ' n'�-'f..
<br /> �i��
<br /> ? � � • KOW,THEREFORE,for the purpose of securing: � ''"'""�_
<br /> � � (a) payment of the Note,together with interest thereon,late charges.Drepayment pana�Ues,ariy future advancss,and all a�,,g=
<br /> extensions,modifications,substitutions and renewais thereof, ��_-
<br /> :'�.`_cy..-�
<br /> (b) payment of ail other sums,fees or charges,together with interest thereon,advanced to protect the security of this , _ �^
<br /> Deed of Trust and the pe�formance of the covenants and agreements of Trostor,whether or not set forth herein. „ .;��r _�
<br />�. � , (c) pe�formance,discharge of and campliance with every term,covenant,obtigation and agreement of Tcustot contained . . �,;s�;�-_.
<br /> � herein or tncorporateQ by reference or any other securiry instrument at any time given to secure the Note,and ?,��= .
<br /> � , • • (d) the repayment of all other sums or future advances,with imerest thereon,which may heretofote have been or hereafter . ,:: .-:; _:,;��
<br /> be advanced by beneficiary to Trustor or Trustor's successor in interest or title,all of which is hereinafter collectivefy ��w.,_-
<br /> ' �� cailed the'tndebtedness".Trustor irrevocably grants and transfersto Trustee,in tnut,WITH POWER OF SALE,the , . . .�;,
<br /> .� , following described proPerty: � "�_
<br /> :. .� ; • ,. --
<br /> � . .. ��'�li=
<br /> -• . • � Lot Thirty 3ix(36),Jeffrey Oaks Sixth Subdivision,in the City of • • _a�:
<br /> � Grand Isiand,Hail County,Nebraska =�_
<br /> �� ,. � ..
<br /> , . �- . . .
<br /> . • ;
<br /> ` ��, togetherwith(i)aObuildings,stnxtures,additions,enlargements,modificaUons.repairs.replacements,andimprovementsnowothereafteriacated _ „
<br /> thereon,(ii)atl equipment machinery and fixtures(inGuding without limitation,all IighUng,heating,venti►ating,caaling.alr oondiUoning,sprinWin9 and .
<br /> ' . plumbing flxtures,waterand powersystems,engines,boiters,ranges,ovens,dishwashers,mirrorsand marrtels.carpetin9.tumaces.oil Dumers,
<br /> elevators and motors,refrigeration piants or units,communicaUon systems.dynamos,Uansformers.etectrical equipment,storm and screen
<br /> ' windows.doars.awnirtgsandshades)noworhereafteraUachedto.orbuiftin,anybuitdingorimprovementnoworhereafterlocatedthereort,(iii) . . .
<br />- � . alleasements.dghtsotwayappurterrantthareto.(iv)a111easeholdestate,dghtandtitteandinterestotTn�.stoHnandtoailleases.��ota�mlar .� .
<br /> . hereafter existingarentered into(inGuding,withoutlimitation,aII cash and securitydeposits.advance rentals anddepositsorPaym
<br /> nature),pertalningthereto,(v)ailrents.issues,profitsandincometherefrom(subjedtotherightofTrustortocoliectandappiysuchrents.issues. �t :.�
<br /> . ' profits and income as they become due and payable so long as no event otdetautt exists hereunder).(vi)all myalties,mineral,oil and gas�ights and
<br /> � . � profits,water,water rights,and water stock.(vil)ail tenements,hereditaments,priviteges and appurtenances betonging,used or enjoyed in
<br /> ' � • connectiontherewifh,and(viii)atlproceedsofoonversion,voluntaryorinvoluntary,afarryoftheforegoingintocashorliquidatedctairr�s(inGuding,
<br /> . � � � withoN Umitatlon.proceeds of lnsurance and wr�demnaHon awards,all olwhich is hereinaRer oollecUvety cattedthe?�ust Property�. .
<br /> •° TOPRO?ECT?HESECURITYOF7HISDEmOFTRUST.TRUSTORCOVENIWTSANDAGREESASFOLLOWS. •
<br /> 1. Titie.Trustor covenants,wartants and agrees with Beneficiary,its successors and assigns,that Trustot owns the Trust
<br /> Property free from any prior Uen or encumbrance,that this Deed of Trust is and wilt remaln a valid and entorceable first
<br /> � lien on the Trust Properly.that Trustor,at its expense.will preserve such litle and will maintain this Oeed of Trust as a ,
<br /> - tirst and paramount lien upon the Trust Property and will torever warrant and detend the vatidity and priority of the lien
<br /> ' hereof against the claims of all persons and parties whomsoever.Trustor,at its expense,will cause this Deed of Trust. . •
<br /> and each amendment or supplement hereto.to be tiled and recorded as a mortgage of the Trust Property in such
<br /> manner and in such place and wi11 take such action as�n the opinion ol Trustee may be required by any present or , �
<br /> future law in order to periect,maintain and protect ihe lien of ihis Oeed of 7rust,as the same may be amended or .
<br /> • �4 supplemented from time to time.Trustor w�ll make such further assurance or assurancss to petlect its title to the Trust .
<br /> � Property as may be required by Benefic�ary.Trustor hereby reUnquishos a0 right o}dower and homestead m and to the �
<br /> �- Ttust Properly.
<br /> 2. Payment of indebtedness.Trustor shall punctually pay tho principal of and interest on the indebtedness secured hereby.
<br /> ; •
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