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<br /> �� .r• � NEBRASKA � v' ��. , :t::.;`=���=`
<br /> . SECOND DEED OF TRUST � . � �.�`:':.�'=�_
<br /> , . ' (HBA Loan) • -
<br /> ��-_-.
<br /> , : ThIs Second Deed of Tntst(this'Second Deed of TrusY),Is made as of E4 a r c h s, l 9 9 8 by and amang � � --'-
<br /> h J • ��_";
<br /> ' T oma Y . Chapman and C i L Cha m n , Husband a d Flife ,� r . ,
<br /> � fU3t0�,Wh039(ftii�lfn address(s 9�b C7ausseR �venue,6rand Qsland ,NE 68801 �
<br /> , � (°''' � 9 � .� �,::`�z.'�:`-
<br /> . Commerical Federal Bank , A Federal Savings Bank �'T�S[�@°�.wh�ema�7ingaddressis � _
<br /> , . . 0 m a h a , Nebrastca;and Netoraska Investment Firtance Authoriry � � , . '"�` _
<br /> �• � ("Berteflciary'),whose maiiing addres is 200 Commerce Court,1230 O Street,lincoin.Nebraska 6850&1402 e . � ',.- �"_
<br /> . . _ . . .- .��_.
<br /> � - FOR VALUABLE CONSIDERATION,Trustor irr�vocabty transfers, conveys and assigns to Tnrstee, IN TRUST. WI7'H -a�
<br /> • POWER OF SALE,for the benefit and security of Beneflciary,under and subject to tha tertns and conditions of this Second w�'r
<br /> . � Deed ot Tntst,the real property,Iegally descdbed on Exhibit A attached hereto and incorporated herein by reference(the �"�.�r.��-,`
<br /> .... .. - �Property')r�d ... .�': �R.
<br /> ..4. :;.i6Ti..
<br /> � TOGEfHER WRH. afi rer►ts, pr6fits, royaitfes, income and other beneftts derlved irom the Proparty (coftectively,the f �=�;LL�--
<br /> � °rer�ts7,all leases or subteases covering the PropeRy or any poNon thereof now or hereafier existing or etnered trno,and �����
<br /> � all right,title and inierest of Trustor thereunder, all dgM,t�le and irnerest of Trustor tn and to any greater estate tn the . �, ��"'F`zf=�.,:`-
<br /> � Property owned or hereafter acquired,ail h�terests,estate or other claims.both in taw arM in equi�y,which Tntstor now has '� �!�:�—���
<br /> ' , or may hereafter acquire in the Properry, all easemerrts, dghts-of-way, tenements, heredltaments and appurtenances �� �;':��•r
<br />: . � , thereof and thereto,a1i water rights,ali�fghL title and interest of Trustor, now owned or hereafter acquired,in and to any � ::��•�:��
<br /> � land, fying within t6e�IgM-of-way of any sueet or hlghway adjoining the Property. and any and all alteys artd sMps and ' `•a"r��'`
<br /> � � gores of tand adjacertt to or used in connecilon with the Property,and any and ail buildings,fbctures and improvements now ��� ':�:`
<br /> . or hereaiter erected thereon(the'improvements7, and all the estate, IMerest, �ight,tfttte or arry claim or demand which ��.>�,'. ��:�:��;
<br /> Trustor rtow has or may hereafter acquire in the Properry,and arry and all awards made for taktrtg by eminerrt domain,or by ' �=-
<br /> • --� an roceedin or urchase in Ileu thereof, of the whale or an rt of the Trust Estate, includtn without Iimttation a ." � ��=�i'��"
<br /> ''.� a arpds re5uiti g n m a change of grade of streets and awards fo�s verance damages. g � • . � ':;��K s-
<br /> �•,,;.,:_
<br /> . � ,Y.�i
<br /> , C�^ The Property and the enttre estate and interest cornreyed to the Trustee are referred to cottectively as the°irust � ' " -'
<br /> . ,
<br /> Wlote�. ,.t'..�' �����.�^
<br /> _ � `� For the Purposs of Securing: ��
<br /> - .L , .
<br /> �i A. Payment of indebtedness evidenced by any promissory note of Trustor in favor of Beneftciary;and • . . `':;�
<br /> . � � ��; B. Payment of all sums advanced by Beneftciary to protect the T►ust Estate,with interest thereon at the rate o! � - _
<br /> .' � � sbdesn percerR(18%)per annum.
<br /> , , . . . . .
<br /> .:;; The indebtedness descrlbed in paragraphs A and B above is referred to as the"Indehtedness.° � . �
<br /> . . � .
<br /> � � This Second Deed of Trust, any promissory note of Trustor in#avor of Beneflciary and any oiher instrument given to � � . . �
<br /> ' � evidence or further secure the payment and perfvrmance of any obligatlon secured hereby are referred to coltectivefy as �
<br /> . f the°Loan tnstruments.
<br /> Trustor covenants that(i)Trustor holds tiUe to the Trust Estate and haw lawtu!authority to encumber the Trust Estate,(Ii�
<br /> ', ' the Trust Estate is free and clear of all liens and encumbrances excepi for easements,restrictlons and wvenants of record ' . .
<br /> and the Deed of Trust from Trustor encumbering the Property dated on or about the date hereof(the"First Deed of TrusY'). � . � �
<br /> �� � � and(iii)Trustot w111 defend the Trust Estate agalnst the lawful claims of any person. .. •
<br /> . To protect the Security of thts Second Deed o}Trust: .
<br /> „ � t. Payment of indebtedness. Trustor shall pay when due thepri�cipat of,and the interest on,the Indebtedness
<br /> . � and ali other sums as provided in the Loan Instruments. •
<br /> ! � NIFA 2/96 •• .
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