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<br /> �21 Soath Locust SL. P.O. 6ox 1009 � .
<br /> ,' � � � .. Grand Islan ,Nebra�I�a 6��0210g9 �, .'
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<br /> .�. -. ` f`�.� The undersdgned°Tru�C�a.sN�t�ifte E���E� n1 9 Q��E�����tT����more.understand that the . .
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<br /> '-<� � clxumerst thsy are about to execute is a Qeed of Trust and not a cnortgage,and that the power of sale provided for _
<br /> in the Qeed of Tr�st provtdes substantially different rights and obiigations to the Borrowe�s than a mortgage in the 'rt r
<br /> ���� event of a default or breach of obtigat�on under the Oeed of Trust,including,but not limited to,the Beneficiary's�ight ; ,
<br /> � � � " to have the Property identlfled in the follawing Deed of Trust sotd by the Trustee withovt any judicial proceeding. '� ������ �-" •'
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<br /> -- , Trustor repressnts and wanants that this Acknowledgment was executed by them before the executIon of the Deed ` . �.,�....•:."
<br /> - ' � of Trust hereafier set forth. '� <���� �'�--
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<br /> � I�OME EaIDiTY LINE DEED �F TRUST , ---�
<br /> THFS TRUST DEED made this a6Tg day of �`t , 1998 b8tW88D �� 's f -
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<br /> _.. _ .. -_ ' MAR�TSN C d0ANS0A. A 8IlIQLS PffiiSON �.�._�.?�'� :
<br /> � � hereinafter call °Trustor",whose maiting address is 620 WSST AVE, c;RAt�ID ZsY.AND. NE 68803 y. .' •: �;��-
<br /> � • ;as"Trustee°;and Home Federal Savings and loan Association of Grand tsland,whose � ���_}-�
<br /> . � mailing address is 221 South Locust,P.O.Box 1008,Grand Island,Nebraska 68802,as"Beneftciary°.
<br /> • • � � •' for vatuable consideration, Trustar Irrevocabfy grants,transfers, convays and assigns to 7rustee, in trust, wtth ` ���;�,
<br /> . �. power of sale,for the benefi4 and security of Bene�ciary,under and subject to the terms and conditions of this Qead '�
<br /> . ' of Trust,the fotlowing described propert�located[n � � .�-�'���,
<br /> ' Nebr&ska,to wit: .. • -
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<br /> • • LO'E TWELVS (12), WSST SEI(�HTS SECOND ADDITION TO TH8 CITY OP (9R7lND �. •i:�T
<br /> - � � . • ,• I9L1�NDr NSHR�I.SKA. •. .,t �
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<br /> . • - � together with ell buildings,fixturea, improvements and appunenances thereunto betonging,it being agreed that all of � •r ; -';`
<br /> • : . ', the foregoing shali be hereinatter reterred to as the"Property". � .. . • .
<br /> . . . FOR THE PURPOSE OF SECURING performance of each agreement and covenant of Trustor herein contained and . �
<br /> � � ' the payment of the principal sum of T�� eom� Txovsarm aoLnnas � so/c�rrs : � .
<br /> � � ' � Dollars (9 24,000.00 ), as evtdenced by a Home Federai Home Equity loan Agreement between � � ,
<br /> � , Trustor and Beneficiary 4the"Loan Agreement"1,pursuant to whtcfi Beneticiary wlll advance funds to Trustor from time ' • • �
<br /> .�;.� - to time at the interest rates and upon the terms provided theretn, togather with any sum or sums of money with , • �
<br /> interest thereon which may hereafter be paid or advanced under the terms of this Deed of Trust, boih principal sum . . .
<br /> � and interest thereon being payable aCCOrding to the terms set foRb in the Loan Agreement, reference to which is �
<br /> . hereby made, at the offica of the Beneficiary in Grand Island, Nebraska, or at such other place as BenefIciary may , .
<br /> designate in wrlting. : ��
<br /> � � ' • TRUSTER ANO BENEFICIARY COVENANT AND AGREE AS FOLLOWS:
<br /> � ' , 1. Wenanty of Titte. Trustor is lewfully seized of the Property; has good right and Iawiul authorlty to sei!anfl � , •
<br /> . . convey the Properry;the Property ia free and clear oi all liens and encumbrances except tiens now of record; and • ��
<br /> � Trustor will warrant end detend the title to the Property unto the Truatee and its successors and assigns torever • ,.
<br /> � � � againat the claims of atl persons. � � � �
<br /> � � 2. Payment of Principal and Interest. Trustor shali,punctually pay the principal of,and interest on,all advances • '
<br /> - under the Loan Agreement and will punctuat�y perform all agreements,conditions and provislons of any other security •
<br /> � . ; instrumeni given in connection with this transaction. °
<br /> ` �; 3. Preservotlon and Maintenance of P►operty. Trustor will noi commit any waste upon the Propeny at will, at �
<br /> . ' all times, maintain the same in good order and condition and will make, from time to time, ati repairs, rertewals, . . �
<br /> � i replacements,addltions and improvements which are reasonably required to prevent waste,impairment or deterioration . �
<br /> of said property. No buiiding or improvement now or hereaftet erected upon tfie Property sfiafl be ahered removed . •
<br /> : . or demolished without the prior written consent of Beneficiary.
<br />_ � • 4. insurance. Trustor,at its expense,will maintain with insurers approved by Berteficiary,insurance with respect
<br /> • to the improvements and personal propeny constituting the Property against loss by fire,lightning,tornado and other
<br /> . . � perils covered by standard extended coverage endorsemeni in an amount equal to at least one hundred percent of the • . � .
<br /> _ ! full replacement value thereof, and insurance against such other hazards antl in such amount as�s customatily carried I � � �
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