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<br /> - . � DESD OF TRIIST � . . ,
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<br /> THIS DSBD OS TRIIST ie a�de aa of the �� dap of Marab, 1998• bY ead y � �'•.;_,`�'',F':• .,;�
<br /> . - among ICS CASTLBS, IHC., a Nebraeka cosporat on, (°TRVSTOR°). whoae mailing �� �- �� ° . •'`;..::
<br /> • � a8dresa ies 4228 West 13th Street, (iraa8 Ielaad, Nebraeka 68803p :.': ` �• • �� � -
<br /> • � �
<br /> � � � an8 DIIANS 8. BDRNS, a member of the 14ebraska State Har Association, ("TRIISTES°). . �, _
<br /> � " whose mailinq address ias P. o. Box 23Q0, tisaad islaad, I�iebracsl:a 68802f •
<br /> ,
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<br /> � . . aad TRANSPORTATION EQUIPN�NT CO., SrIC., a Nebraska corporation, (°SENSFICIARY°), ` : ,�-
<br /> • , whose mailiag addrese ies P.O. Box 488, f3rand Islaad. Nebraska 68802. �,-,a'. `,�. -
<br /> • . - � - . gpR yPILpABLB CONSIDSR&TION, Trustor frrevacabip traaefers, conveys, anc� --- --
<br /> ' ' asaigne to Trustee, ZN TRIIST, WITH POWSR OP SALE, for the beaefit aad security � .
<br /> o f B e a e f i c i a r y, u n d e r a n d s u b j e c t t o t h e t e s m e a n d c o a d itions of thie Deed of �,�_ . .
<br /> � " Truat, the seal property located in the City of arand island, County of Hall, �.';-.`;:
<br /> � State Of PIebI881sa• and legally de8crib@d 8e fO110WHi (the "PrOperty")s _ --•--��—
<br /> . �. see attached Sacbibit "A^ �, `=��
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<br /> . . TpC3ETHER WITH all restte, easemeats, appurteaancea, hereditameats, intereats J`�-h�— -�
<br /> • . ' in a8ioiaing roads, streete aad alleye, improvements and buildinga of anp kiad -:•'`s—
<br />�_ . eituated thereoa and all psseonal property that may be or hereafter become aa _ ____
<br /> - � fategral part of such buildiags aad impsovemeate. , : �. ---��
<br /> ���
<br />. � � � The property and the entire estate and intorest conveyed to the Trustee are ,. _;-=;��--
<br /> referred to colleatively se the "Truat Batate". ' `,,, .:��-=-
<br /> �-�'._
<br /> - • ��=:.•-
<br /> . —.._ . ..._ _ �� �;�--`,
<br />-- . ,---- - FOR T� PURPOSE OF SECIIRIMt32 • ' !-^�::�,
<br /> "� a. Payment of indebtedneae in the total principal amouat of $110,000.00, .. . � "-���°
<br /> - with iatereat thereoa, as evideaced by that certaia Promi.esory fiote of evea date "" .� `�"�-
<br /> • ' � (the ^Note") with a maturity date of March 18, 2013, executed by Truator, which :_ ���"'�_
<br /> � has been delivered aad ie payable to the order of Beneficiasy, and whioh by thie . . . _-
<br /> ".�:�_
<br /> �� ' ' • reference is hereby made a part hereaf, and aay and all modifications, exteneione . ;_�,_
<br /> � and renewals thereof, and, , ;: � :s�x
<br /> �� , b. Paymeat of all stuna advanaed l�y eenefiaiary to proteat the Tsust , • �
<br /> . % Estate, with interest thereon at the rate of sixteen �168) p�rceat per anaum. . �`
<br /> � . Tbie Deed oP Truet, the Note, and any othes inetrument given to evidence •
<br /> • • or further aecure the payment and performance of any obligation secure8 hereby � •-
<br /> - � are referre8 to colleatinely as the "Laan Instrumenta". • .•, - �
<br /> ' � TO PROT'ECT THE SECURITY OF THIS DEED OB TRUSTs �� �
<br /> • ' ,-:
<br /> • � 1. gA�lENT OP IND88TEDNESS Truetor ohaii pay whea due the principal o£, .• �
<br /> • � and the intereat oa, the indebtedneea evidenced by the Noto, chargea, feea and . •
<br /> • . � ail other suma ae provide8 in the Loan Sastruments. "
<br /> . , . 2, R�►L ESTA�TAxES._ Truator ehall pay the aanual real estate taxee to ' .
<br /> . _ the Hall County Tsea$urer Deforo the taxee become delinqueat and ahall furaieh ,
<br /> � •� tax receipts to Heneficiary on or before May 1 an8 September 1 each year. In the . .
<br /> . event that opecial seaeeements are levied against the proparty, the Trustor ehall .
<br /> � � � make the annual payments bsYore the eame become delinquent and provide ,
<br /> � . Seneficiary with a receipt for payment. • •
<br /> • 3. INSURANCE AND R�PAIRS. Upon cloaing, Truetor ahall provide Beneficiary � ,
<br /> � with a Certificate of inaurance ehowing the building or buildinge on the premisee
<br /> to be inanred for fire and extended coverage in an amount of at lea9t
<br /> $110,000.00. Trnetos ahall pay the premiwas for maintaining such policy and ..
<br /> ` � shall provide Besseficiary with evidence of Lneurance premium paymente each year.
<br /> � � Such ineurar►ce policy ehall contain a atandard mortgage clauee in favor of . ,
<br />' � t Heneficiary and ahall not be cancelable, terminable, or modifiable without thirty _ _ �
<br /> = (30) days prior written notice to aeneficiazy. Truator ahall promptly repair, .
<br /> . • maintain and replace the Trust Eatate or any part thereof so that, except for .
<br /> • � . ordinary wear and tear, the Truat Eatate shall not deteriorate. In no event ' � •
<br /> ,�� � flhall tho Trustor commit wauto on or to the Truet Latate. . . °
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