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<br /> . � 229 ��uth tocust St.. �.�. Box t009 � ���.` > � ``
<br /> r,. ` ` t°srand istand,Nebras�s 6��02 900g s 9�� ��'►°�i���s �;.�`� .
<br /> . 30&3�2-4000 ,`.
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<br /> � ` " ,:=` d!C[(�O�Dt�NIEN7' YO DEED O� TRU�T .. :
<br /> :���.' The understgnad"Trustor°as idenUffed in the foUowing Deed of Trust,whether one or more,understand that the
<br /> ��� �• • document they are about to execute is a Oeed of Yrust end not a mortgage,and that!ha pawar of sete provtded fos -. •
<br /> � �. �' i n t h e Qeed of Trust provides substaMially d�fferertt Rghts and a6l�getfons to the Bonowers than e martgage in the �� r� `
<br /> � � event ot a defauit or breach of obi€gation under the Deed o!Trust,inciuding,but not lim i�d to,t t+e B s n e fi c i a ry's r E g h t . .?-'_:�.Y,
<br /> � to Ftave the Properh►ideAtif�ed In t[te foilowing Dead of Trust soirJ by the 7rustee withoat any judicial proceeding. � •.
<br /> � `n � Tnistar�eproseMs and vaerraMs that this Qckreowiedgment wes exe d by them r e execution of the Deed � . �-':��
<br /> , . .� of Trust hereafter sst forth. ����+�� ���`iS"y� . �4� __
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<br /> � 4�` HON6E E�ll�TY LIl1lE LiEED OF TRUST : . ,
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<br /> .. . . . � THIS TRUST OE�D made this � daY of i�tcs . , batween . _� __—
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<br /> ' � hereinafter call°Trustor°,whose mailing address fs 103 H 218T ST, e3�ND ss�rm, b7B 68801 ___�
<br /> � , .. � �� R ����pg�y ;as°Trustee";and Home Federal Savings and toan AssociatIan of Grand lsland,whose , • . ���.__
<br /> ' " � mailing edQtess is 221 South Locust,P.O.Box 1009,Grand Isia�d,Nebraska 68802,as°Ben e fi c iary°. � :_;�;,�W-
<br /> � `' �� For vatuabta consideratfon,Trustor inevacably grants,uansfors,conveys and assfigns to Trustee, in trust,with _ . , :,�. --
<br /> ,.i���,.�..� , �4; powar of sale,for the benefit and security of�3eneficiary,under a�nL subject to the terons and con�tttons of this Deed . .�r�
<br /> .� •- '� of T�st,the tollowing described property lo�ated in ' —�
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<br /> . . IA� TW�3TY-SIR (26). IN SIACK ONE Il). IN I�TSCFatSFII�f SBCOND ADDITION TO ,,--=`�:; -�-----
<br /> � TSB CITY OF CiRAND I3L31PID. NEBR.ASRA. ��' ' _
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<br /> '•r' �• � � together with ell buitdings,ttxw:es,impro��ants and appurtenanc�s thereunto belonging,it being agreed that ail of _ `� ��" ,y _
<br /> �.: : � : the toregoing ahall be hereinafter referred to as the"Property°. "• � ' - _
<br /> � � `FOR THE PURPOSE OF SECURING perfermance o!each agreement and covenant of Trustot herein camtained and � .
<br /> • � : the payment of the principal sum of 81� THOOSarm aoia.axs a Ho/cerrra ",: _�_�__Y_l
<br /> � . •� Dollars i8 15,000.00 ), a3 evldenced by a Home Federal Home Equity Loan Agreement between �;-;,_..',,�;,�_:
<br /> ' • Truator and Beneficiary(the"Loan Agreer�er�"),purauant to which Beneflciary wi11 advance furda to Trustor from time � .
<br /> � � to tirtte at the interest rates and upon the terms provtded therein, together with any surr9 or sums of money with ' �
<br /> interest thereon which may hereafter be Daid or advanced under the terms of this Deed of Trust,both p�incipal sum „---- . •-
<br /> end i�terest thereon being payable according to the terms set forth in ths Loan Agreement, reference to�n►fiicfi is •� .
<br /> � � hereby made, at the office of the Beneflciary in Qrand Istand,Nebraska,or at such other ptace as 69nefictery may . �
<br /> . � . .. designate in writing. . � . 1 _
<br /> TRUSTER AND BEIVEFICIARY COVENANT AND AGREE AS FOLLOWS: � � ' .
<br /> 1. Warranty of Titte. Truator ia lawiully seized of the Property; has good rlght and lawful authority to sell and , , •
<br /> � convey the Property;the Property is tree an d c teat o f a t l l iens an d e n c u m b r a n c e a s x c e p t l i e n s n o w o f r e c o r d; a n d •
<br /> ,_'. Trustor witl war�ant end defend the titte :o the Property unto the T�ustae and its successors end assigns forever ..
<br /> against the claims of all persons. � .
<br /> • �� • 2. Payment of Princtpal and lafterest. Truator shall punctually pay the principal of,and interest on, ail advances •_
<br /> � : � under the Loan Agreement and will punctualty peHorm all agreementa,conditions and provisions of any other security �.
<br /> instrument given in connection with this transaction. •
<br /> � � � 3. Presontation end Malntenance ot Propetty. Trustor will not commit any waste upon the Property at wili,at .
<br /> � � � all times, maintain the same in good order and condition and witl make, from time to time, ai! repaira, renewals, , , .
<br /> , ' replacements,additions and improvements which are reasonabty requlred to prevant waste,impairment or deterioratlon '.. _
<br /> ' of said propeny. No buflding or improvement now or hereafter erected upon the Property ahail be altered removed . �
<br /> . or demolished wlthout the prior written conse�t o!6eneftciary. : :
<br /> � � � � 4. Insurance. Trustor,et its expense,wili maintain with insurera epproved by Beneficiary, insurance with respect .
<br /> to the improvements end personat properry constituting ttre Property agalnsi loss by fire,lightning,tomado end other • .
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<br /> _ ..�� � ' perils covered by standard extonded coverage endorsement in an amount equal to at loast one hundred percerlt of the
<br /> ' = tu!!raplacacncmi valsse ihessot,and ins�aance agw�nst such other hazards and�n sucti amount as i9 customarily carried
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