99110163 - Laserfiche WebLink

Browse

. . _ rn n T m Z r^ _ � n n � s � � � � � � _ � � `G Z � � �. ..' i � � `� � 0 C� y �+� � C�.>L,`'~ 1-� p "�'1 � y r �„� C.D ''1 Z' F-+� L�- � ` A, I, ��`, � n W � � (1 �,3 � r"' � 0 CD \I � ��t r � � c, ry �, � � Z � ��. 3a Q� O N v v -�] C/� GJ g 9 �1016 3 DEED OF TRUST � This Deed of Trust made this 15th day of October, 1999; by � �l �� TRUSTORS: Troy L.Lehn and Cathy J.Lehn, husband and wife Q' �Dx�ss: 1216 Warren Lane, Grand Island, NE � C� � BENEFICIARY: Clty of Grand Island, Community Development Department �Dx�ss: 100 East lst Street; Grand Island, NE TRUSTEE: Charles Cuypers, City Attorney For valuable consideration, Trustor irrevocably grants, conveys, and assigns To Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of beneficiary, under and subject to the rights terms and conditions of this Deed of Trust, the following described real property located in HALL COUNTY, NEBRASKA: Lot Ten (10) , Houghkirk Subdivision to the Cit of Grand Island, Nebraska, Hall Countyr excep�ing theref rom a tract Of land described in warranty Deed recorded as L•lccument No. 95-102886 (Hereinafter called the Premises) together with all buildings and improvements now or hereafter erected upon the premises; all rents, profits, royalties, income and other benefits derived from the premises; all easements; licenses, rights of way now or herea£ter accruing to the premises; and any and all awards made for the taking by eminent domain, including proceeds of any agreement made in lieu thereof; and, All are collectively called the Security. FOR THE PURPOSE OF SECURING (a) The payment of the debt to the Beneficiary evidenced by the Trustor's note of this same date in the principle sum of Fifteen Thousand Two Hundred Forty and no/100 Dollars ($15,240) with no interest, and upon the terms provided in the Notes and any and all renewals, modifications and extensions of the Notes; (b) The performance of: each agreement between the Trustor and Beneficiary; the covenants of the Trustor in this Deed of Trust; (c) The payment of any sum or sums with interest thereon which may later arise under the terms of this Deed of Trust or may be advanced to be secured by this Deed of Trust. Future advancements may not exceed a sum equal to three times the original principal amount of the above-recited notes. TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR HEREBY COVENANTS AND AGREES AS FOLLOWS: 1. Obligation. Trustor shall promptly pay when due the principal of the indebtedness evidenced by the Notes, and all other charges and fees provided in the Notes or secured by this Deed of Trust, and the principal of and interest on any future advances secured by this Deed of Trust not to exceed three times the original principal amount of the above-recited notes. 2. Warranty of Title. 2.1 Trustor is lawfully seized and possessed of good and indefeasible title and estate to the property hereby conveyed and has the right to grant and convey the property. 2.2 The property is free and clear of all liens and encumbrances except for None 3. Maintenance of the Security. 3.1 Trustor shall keep the security in good condition and repair; shall not commit or suf£er waste; shall not do or allow anything to be done which will increase the risk of fire or other casualty to the premises or diminish the value of the security except reasonable wear and tear; and, shall not alter the design or structural charter of any building or add any building within the �