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<br /> � `.'.'.-,�.; AND CONSTRUGTION SECURiT1f AGREEMENT i .�,
<br /> <: s .�. daY ot October _ . 1997 .bY and amOng the Trustot. �, r :=,
<br /> ; * THiS OEED OF TRUST,is made as of t�e �1 s,�4
<br /> � �Z- 7'a�i&ITHY 5 B E N N E I T A N D U S A L B ENNEI"T HUSSAND AND WIFE. m e��•B oR OV�, f
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<br /> '� �:s�'�'��� and�e 8ene�;g11�1 1�iE8RASKA BA K .. r ,� �
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<br /> a if�..'�•Li1'u3d 1:.P'.2G1 STtd t�1$tl11SE#i�8h�C[ESIBd. 1h8 f6C81pt Gt aTflL4t G `Js
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<br /> " 4:�uf��f!�`.� . F{1R VALf�ABL�..q:ti�ISEFS�.'�l�N• irtCr�:1�+g.� s�Y�r� � : -^
<br /> E a�Q atssigns to Tiustee.1[t�'iR13ST.WITH PONfER CF SALE,tor
<br /> ! ,:� � Borrax�+r tr�ebY irr�'r�'$'9��'uansters.cortveys. • "
<br /> : ;�!• hereby acluiowledga3, �
<br /> - ... `}°�}= the bene�t and SeeufitY of Lender, under and subJect to the terms ane cond'Rtons heremafter set fortt►. thE�reat propeRY. descnleed as y
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<br /> : . >`�'`i' �,OT THtRTY�FOUR (3A�,RAVENWO00 SUBDNtS10M, HALL COUNTY, N�BRASKA. . �'':._;�;
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<br /> .=t' !T IS UNOERS[OOD BY BORROWER ANtO I.ENQER THAT 7HIS ITSTRUME DOESHt7R wILL�SECURE AN O(iA ON WH�CHNTNE � -�--
<br /> .,-' ��e PHOPEiiiY. fS A COrlS�UETION SFGURfTY A(iFiEE�ENj �KD _=
<br /> 80RRO�NF.R HA8 OR WILI INCUR FaN TNE PURPOSE OF MAKING AN IM�KCN"tW1Ei�iT OR �MPRQI�!'�E�S ON PL�DPfRSY
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<br /> . ' . . HEFiE1NBEFORE OESCRlBED. ��� a�d �...:,--„
<br /> '�'�� Togethar wiU� �1 bui►dings. �+p�vements. faciures. streets. alieys. P��B�ays� �e�^�• rigMS. Prhrile8es ena aPW —`
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<br /> ' ,.��'�;•`:�;� ' thereon or a�a:ir+,ise pertalntng thereW. snE the rants.iSSU8ste5 8p�h�to tAa nimProve ents�so �t Co constiWte a fixtu�e:�4n'c!�'"h��. �-.---
<br /> . `;";�'` ment end suct� personal propartY t a ,
<br /> ' ,..,,•,. hseting end Coo.'mg ecNfD
<br /> 1 ', `'���' quWding reptacements an0 s5�'rians thereto,is Aereby Eeclare0 to be e part o! the real estate seCUred Dy the Iten of tl�is OeeO ot Tcust en r -'
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<br /> ,. :,�n... �U ot the toregoing beMg reterred to herein es the'Praperty". 8orrower's nc�.datad • • 4= _`_�
<br /> "''{�'� This peeO p1 Trust ShaD securs (a; the peymem ol tne pr"a��i�a� sum and Interests evIQAnCed by _ _
<br /> �in tfie orl al pMcipa��:�t Ot.
<br /> . � . A p ril 6 t998 � a�nt ot
<br />= ' October 6 1999 .�aving a maturiry Oate nf �R--� --
<br /> � '�`�+ 3$0 000.00 end aey a�d all mod'Alcatlons, exlensions an0•renawais tnereot or ihereto lhe2� cal�d 'NOte); (b) the pII,� _ —
<br /> � �ther sums advanced by Lender to p�ofect tte seeuritY Cf this Deed ot Trost. wah imerest thereon as proviQed ia the Note:e�'td tc)the �.i..• J-
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<br /> - performance ci 8U eovenants anA agreecrtent ta Borrower set fortA horein. • `-.--Y
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<br /> Bortower.to proteCt the SeCUrity of th�s�eed oi Trust,covenants and agre3s wAh Lender es follows: _-_
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<br /> 1. pBymeM ot Frinctp�l and IntetesT SBorrower shall promptly pay when Oue th9 prNCipal 01 anQ intetest an.flnd 8nY�ees _
<br /> or charges proalQed in,the Note or in this Oeed o1 N = —
<br /> � , ' • a� �t�@, BorrOwef (s tha o►vnet Ot the P�Ope eY��tgag ma�Otharwi59`ber elt oRh he ein,andt he 9x cution end eRve�Y o1 th s � ''
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<br /> �S�.: Createa hereby is a fust and p�ior I'�fln on the PropertY. D
<br /> Oeed of Trust does not violate eny co�tract or uttier ob�igatior.to which Bnrrowe�is sub�ec�.
<br /> " � .�. Taxes, Assessments. TO pdy +vh0n due A i l�ma be s��c e��eto enabte t e LenQee to payesuct+taxes 8558 Srt�BI1t9 Of O1�19�
<br /> ' ;. �� written Qemand hy Lender,to paY to Lender s�ch amount as y .,
<br /> : ; . charges as lhay became due. •
<br /> ' � . 4. IIISL�B�C@. To keep the Otoperty insured aga�nw�da0 D�i Sta�e��t0 the ender,8nd wRh IoSS�payable t0 Ae L6nd a
<br /> � such other hazards as Lender may requlre.in artiounts and ;-
<br /> � In case ot toss under such poticles.the Lertder tS authorirsd to adJust,cottect and compromise.all ctaim9 thereundet end Shail Aave the :•'
<br /> ' ' . oDtion ot 2;D%Y��9 81�or parl ol the insuranCe proceed9(�)to any indebtedness secured hereDy end in such oider es Lendet mey Eetermin9.
<br /> • , (ii)to tne borrower to be use0 tar tr.e rapair o1 restoration ot ths Pro�ertl► or(iii? tor any oth� q�rpose or objeCt s9tistactory �catondof '
<br /> - , . , vrithout alteeNrt9 t�e lien o1 this Oeed of Trus`�oos hone'tine due baCa'ol�anyepaymE10fe��Q�pre ot�or cu e an�y d8fault t�ereunder or .
<br />,,�� � procee0s to �nQebtedness shan not exten� o p �p
<br />_ ' . �.��., hereunder.
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