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<br /> iQ4�g� �orty.reucTtoris�;�Sl�rv n�a�?�.r•�rlT
<br /> �or TRUST � (,�
<br /> ZF.RECORDEU 9'T.� \
<br /> Intending to create a construction security interest fn ecrandunr.o widt tha Nebraska Construcdon Lien Act, C
<br /> this DEED OF TRUST is maJe es of the?4THda oF Ap�IL a ong tho'�rustor,
<br /> EUGENE JAY PENROSE ANO JANICE TCAY F�EIV���n�j�addreas for purposos of thia
<br /> Deed of Trust is 2810 EAST H � • (fiarcih,"Trustor",whether one or moro),the
<br /> Trusta,ARBND R.BAACK,Anoeney at Law,a member of tlin N�broaka State Bar Assceiation,wi�oso msiling
<br /> address is P.0.Box 740,(lrand Island,NE 68802-0T90(ha��:in"Ttuatee"),and tE�e Heneficiary,HOMC
<br /> FEDERAL SAVIN(3S AND LOAN ASSOCIATfON OE GI?.�1TIp ISJ,AN�,whose mailing address le P.0.Dox
<br /> 1009,arend Island,N6 68802-1009(herein"Lendar").
<br /> FOR VALUABLE CONSIDERATION includin I.,e i n o �t identified hcroin to
<br /> EUGENE JAY PENROSE ANO JANICE KAY bENRL�a�s �,���U��er�h�Cther one or moro),and the
<br /> �,.y.�:�.;,,3r�.re..�,thR receint of whlch is hereby acktluwludgCd,Tcustar hec�eby lirevocably gn�nte,ttnnafers,
<br /> conveya�nd essigns to T�ustee,!N 7RUST�WITH PO�IJER OF SA�,E,for the benafit end securfty of l.ender,under
<br /> end�ubject to the t�rm�and conditiona heroinnRer sat faith,logally doacribed es follows:
<br /> LOT TWO (2)� CONNEL! INDUSTRIAL PARf(, 2ND SUBOIVISION TO THE CITY �F
<br /> � � , �
<br /> ___.___. �
<br /> - together with sll buildings,improvemont�,fixturea,�t►aow,alley�,pas�ageways,casement�,rights.tixivilege�end
<br /> appurtenena�located thereon or in anywisc pertninin�tharato,and tha rente,iesues and profits,revensione and
<br /> romainders thereof,end such personal property that(�attnchud to tha(m�xovemants so es to conatltuto a fixture.
<br /> including,but not limited to�hesting snd cooling eRuimm�nt end togethar wtth the homesiead or msrital intarests,if
<br /> any.which intensts tuo hereby released and wdived,nll of whfci►,including replacement�nnd aAdltiona thcreto,is
<br /> hereby decl�red to be e part of the real estato secur�ed by Uta lien of thia Deed of Trust ortd RIl uf the ibregoing being
<br /> rcfetral to herein aa Iite"Property"•
<br /> Thls Geed of Trust shs11 aecure(a)the pnyr.nont of tlio principal eum�nd interesi avldenced by a
<br />— Consttuction Line of Credit Draw Note dated AP_ P.iL. 2� .�9`J?,i� n the o�inal gncipal��unt of
<br /> T,���� ������orn TuTR7V Th�� TH�USRND RNp Nt] c�llar�( 32 qOQ. hevin e mnturi date of
<br /> AUG 1. 200Z_�unle�tho earlier call options thonsin contuincd shnll be oaercixd by thA Beneficltuy,together
<br /> with eny and all modlfiations,extensions end renawul:�tliercoPor thereto�nd any and all future adv�u�ca9 w�d
<br /> ra�dv�nce�to Borrower(or any of them if more thmi ona)horem►dur pursuant ta ond or moro protni9sory notes or
<br /> credit tgreemens�(herein called"Note");(b)tho p�►ymunt of otl�or sum�advanced by Lender to protec!t tfie security
<br /> _ of the Note;(c)tk�e perfortnence of all covennnts end ng�eomunw of Tcuatar set forth herein;and(d)ahi ptcsent and
<br /> fLture indebtednas�md obligetians of Bonower(ar any of U�em if more Qian one)to Lender whsthcr clarect,
<br /> • indircct,absolute or contingestt and whether arisin}�by n�to,gunranty,ovcrdraft or othenvise. 'I1�e Note,this Deed
<br /> = of Trust und eny und all other dncumenta that secuin tt►a Nutu or othonvise executed in connecUon tl►arowith,
<br /> inaluding withous lamitation guarentees,sccurity ancucmont�aud assignments of leascs end rents�siixll bc r�efcrced to
<br /> herein es tha"Lwn Instrumen�i".
<br /> = TRUSTORCOVENANTS ANU AGRECs WI'CN LENI�ER AS FOLLOWS:
<br /> ;e
<br /> ,� 1. Psvmen�of Indebte ne�. All indebtedn�s sacui�sd horoby si�all be paid when duo.
<br /> '� ......_ .ti_..��_.�_.......o nCdu Drnnwrlv �„���I�n rlot�t and authoritv to convev the Prouortv and
<br /> �a i. 1.IH�. uva.v. ...................._.__._�-•-..� -
<br /> wam+nts thnt the lien created hereby is a first and pricrr Itun on tha Property and thc execution and dalivery of the
<br /> Deed of Trust does not violate any cantract or other abliLntfon to�rhtcl�Trustor is sub,jce�
<br /> 3, �ra��. ��-�men�. To pay,befare delinquant,all toxas,s��ccial asseumcnts end all othcr charges
<br /> against the Property now or hercafter Ievied. -
<br /> 4, jng��. To keep the Properry insurcd egninet dmm�ga by fi��c ha7ard�included with Ihc lcrm
<br /> "extended covernge"end sUCh other I�axnrds es Lender mny requt�in ansounts snd with comp�nies ncceptab(e to
<br /> Lender,narning Laidcr as�n edditional nnmed insurcd witl�1«ss pnyablu to tha Lender. ln case ol'Inss wider sucli
<br /> ,=
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