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<br />DEED OF TRUST 89-102936
<br />thM Dred of Trust is wide this ISt. day of .IunL- . l9 -E9—. _, by and sstonR grope,
<br />A S. +D((j��k.' r: hereinafter referred to a�s�Tru�ot,
<br />whose walil�eI address to ,r S End, ; Arend R. Baas$ �.
<br />Attermey at Lew, beceinafter referred to s+ Trustee. whose Milling address is • $(�
<br />Grath= .1sland, _ NE -688M and Tm Ovf:�L"D NATIMAL DANK aF GRIWO ISLAND, hereinafter re erM too at s
<br />Dente iC j� whose Mailing address Is P. O. Rex 1689, Grand Island, Nebraska 68002.
<br />for valuable consideration, Trustor irrevocably Sconce, transfers, convoys and oselps to Trustee, in
<br />trust, with power of sale, for the benefit and security of Beneficiary, under and subject to the term and
<br />catditiats of this Deed of Trust, the following- described property, located to Hal I County,
<br />Nebreelul. Ta -uitr .
<br />Lot 9 & N41' of Lot 11 all in Monk 2' in TTniUe=,- ,tW
<br />Place, an Addition to the City of Grand Islands TTrt11
<br />County, Nebraska.
<br />together with all bwildinits, iaprovements. flxturen, streets. alleys; psmeoltevveys. easements, right•..Prlvl-
<br />logos sod *Mmttaaaaeoo located thereon or in any way pertaining tbt>reto, and the cents, issues, profits,
<br />tevetatems sod the romaisdare thereof. Including all such personal pialterty that is attseW to the Improve -
<br />masts as as to coostitute a fixture. all of which. Including replaeemMts and o"itlons thereto, see heree.w
<br />declared to be a part of tb* coal estate eonvaled in treat hereby, it being agreed that all of the fata-
<br />Being shall, be berela Itlr referred to as the property."
<br />MR "I fDRM9 OF S[CURIMG:
<br />(a) the payment of indebtedness evidenced by Trustor's note of even date herewith in .
<br />the principal own of 7VMlVe Thou=d 8c Nci/100 - - --($ 12400,00 ), together
<br />with Interest at the rats or rates provided thereln, or the principal and Interest on any
<br />future advance net to exceed•the total principal sum Initially secured hereby as evidenced
<br />by pc*misasry mete* stating they are secured hereby, and any and all renewals, modifications
<br />mat-exteselone of ameb nokem, both principal and interest on the notes being payable In
<br />seeetdawen with the term mt.fovtk therein, %&kk by this refesonce Is hereby wade a part
<br />bersef t
<br />(b) the'refformance of each agreeient and covenant of Truster herein contained$ and
<br />(e) the payment of any sus or sums of money which say be hereafter• Vold or advanced
<br />y 1koefiefacy and *r the terms of this Dead of Trust, together with interest thereon at the
<br />rati provided In the sots.
<br />To protect the security of this Deed of trust. Truster hereby covenants and agrees as follows:
<br />I. pa-t as To war "heft Men._ tL-- rrint!pa! of, WZd t.''. -- «.2C:C2'. an, t!i_
<br />MessltvldwcM the mote, charges, fees and all etbar muse as provided is the loan fast csnanto.
<br />P. Title. TTuetor it t112 over of M-2 prapar% t- hao the right and authority to eseetnte this
<br />Reed of Treat An compact to the property.
<br />I. Tazei aid Assessments. To pay. 0sen due. all tares„ special assessments and all other charges
<br />sigsimwt the property. before the saes become delinquent. and. In the.eveat teeeticlary shall so require.
<br />to Add: to the payments required under the note secured hereby, such amount as way be sufficient to ea-
<br />akkO paefieisty to pay such taxes. assomasento or other charges as they become due.
<br />4. Insurance. To keep the Improvements now or hereafter located on the real estate described
<br />berets I aced against damage by fire and such other hazards as Beneficiary any require. in iawants and
<br />companies acceptable to Beneficiary, and with loss payable to Beneficiary. in case of loss under such
<br />psl.itles, Beneficiary is authorised to adjust. collect and comprasise, in its dlaeretioa, sll,elwims
<br />tbsrtenwdec ando at its Mole nptionn, is authorised to either apply the proceeds to the restorstliav of the
<br />ptsptxtF or apoa the indebt�ess secured heceby..but payments required by the note shall eeot&m until
<br />tear iira aeesead hereby art paid in full.
<br />S. Re irm�-Kslntensnee and use. _T* promptly repair, restore or rebuild any WIdln s or improve-
<br />onto new ec hereafter on the property= to keep the property to good condition and repair, without waste
<br />mmf< free Iran sechanice or other liens not expressly subordinated to the lion hereof; to not miakeo suffer
<br />er,90smit any nuisance to exist nor to diminish or impair the value of the property by any act or omission
<br />to aetl Mad to compiy.with all requirem"Cs of Lac with respect to the property.
<br />i. condensation. In the event tinr•prapecty. or any port thereof. shall be tainn.,by eminent domain.
<br />Banefiefary to entitled to collect and receive all compensation which may be paid fir any property taken
<br />or for damages to property not taken. and Beneficiary shall apply such compeesatiaw, it its opt.tan,
<br />either to a reduction of the indebtedness secured hereby or to repair aid ,restore the property so-taken.
<br />1. perfersince by Beneficiary. Benefictary. any, but shall have no obligation to, do any ect vhieh
<br />Truster has agreed but failed to do. and Beneficiary may also• do any act it daces necessary to protect
<br />the lieu hereof. Teostor agrees to repay. upon demand, any suns so expended by Beneficiary for the
<br />above ►mepoaso, and say sum so expanded by Beneficiary shall be added to the indebtedness secured here-
<br />by sod become secured by the lien hereof. Beneficiary shell not incur any personal ltafrllltF became* of
<br />anything it soy d• Of snit to dQ hereunder.
<br />g. Asnisnaents of Rents. Beneficiary shall have the right, power and authority 4u"ring the con -
<br />tinwnee of this Bleed of Treat to collect the rents, issues and profits of the property and of any per-
<br />meant property located thereon with or without taking possession of the property affected hereby. and
<br />Treater hereby absolutely and uncondlttewally **signs all such rents. issues and profits to Beneficiary.
<br />B*nriieterF. however. hereby consists to Truster's collection and retention of such rents. issues and
<br />Profits as they accrue and become payable, so long to Truster to not. at such time. in default with re-
<br />space to payment of may indebtedness secured hereby, or in the performance of any agreement hereunder.
<br />If any event of default described hereafter in respect to this Deed of Trust shall have occurred and be
<br />esatisming, gawefietary, am a ratter of right and without notice to Truster or anyone claiming under
<br />Truster, and wlthswt rcg*rd to the value of the trust estate or the interest of the Trustor therein,
<br />*bill have the right to apply to any court having jurisdiction to appoint a receiver of the property.
<br />9. lnsLetloeo. Beneficiary, of Its agents, representatives or workmen. are authorised to enter
<br />mt any rooesnable time upon or In any part of the pfopetty for the purpose of inspecting the sins and
<br />for the purpose of performing any of the sets It Is authorised to perform under the term of any foam
<br />instruments executed by Truster.
<br />10. Tansfsf of from. if all or any part of the property or any interest of Trustor therein
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