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<br /> � De�d of Trusi --
<br /> . �,xS 94. �0320i ..
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<br /> ' TH�5 OEED Of TPiUST Is made thia �9*h day of��� 19�,by and balween o,....,,a ��_ �.e.«o.,�.�i„k , . � �
<br /> ' aa Judith A MetterihT.�nk_ Nnaband and W f3 e � _whetheroneormore,(herelneRercefledthe"Tiustor"). . �-�
<br /> . whose meping address�s_..I�SL N a Pa>> Raad� . And T A�Att(�� •*� 6ARnt -- • ,�
<br /> NORWEST BANK�"•��ReSt�. 'aTT N�T. ASS(f.TATT[1N (heielna/te►celled the"Tiustee"),whose ma!!!ng addreas Is `� :,
<br /> , Sa IIek„�176Rr,1',. T , *� 6RRt1? _ 8nd NORWES7BANK�R AR Q�• NATIONp,I eecnrtATTnN_,(herelnaHer . - _
<br /> ' called ths"BoneNclary'7,whose malling ao'dreas fs °^ °-� 176B.��snd_T�].an�i,�-6BR�� _
<br /> . � WlTtJESSEl'N: � -- -- .
<br /> � � fF THlS BOX IS CHECKED( )THIS DEED OF TRUST CONSTITUTES A CONSTRl1CTlON _
<br /> ' SECURITY A(iR�EMENT tINOER 7HE NEBRASKA CONSTkt1CT10N LfEN ACT AND CREATES, .
<br /> ' CiRANTS AND CONSTiTUTES A CONSTRUCTIQN SECURITY 1NT�t4ESf IN THE PROP�6tTY �
<br /> OFSCRI8F0 HEREtNBELOW. � �
<br /> WHEREAS,Tiusto►Ia lndobted to BeneNclaryln the princlpalsum M ONE HUNDR� FIk"1`1t 1fi0USAND AND NO/100---------- , '.
<br /> pp����g t S�,�y(1_�OQ j,whlch lndebtednessls evidenced by Tiustos's premisscs�r�oY��at�d.�*�� �° ,19-9.l�,(herelnaltev ��
<br /> �� called the"Note").payaQ.'s fo the o�der of Beneficlary and having a matwfty e9 N�?!� , �°��S • �;
<br /> NOW,THEREF06t/E,9or tC+o�ur�ase ot securing: i, .
<br /> (a) Rayonant of t9r�Alofe,fogethar��ith lnterest thereon,late charges,p�epaym�nt p2natt�es.any tuture adva�c�s.ared ad extenslons, '
<br /> m�e�,aaP3ons.s�uPastitutions enc8�snewaJs the�eof, �
<br /> {b) pa�me»t of aJi e,itae�sums,l�as or c0earges,togerher with��R�:ast theraon,advanced to�rotect tha securiry of th,s i�eeF!mf Tiust and
<br /> � � the pedoimance of the covenants avad agreements of Tiusto�,whether or not set torth harem, ,,
<br /> � - ,.� (cj per/ormance,d�scharge ol and compllence�vith every terr»,covenant,obll�adon and agreement of Tiusr.ar conisined i�ereln or ., �..,�, z
<br /> � lrtcorporated by reference or any other securiry inshument at anytlme gJven to secure the Note,and ;, �`;:;:..�'; '
<br /> (d) the iepayment of aq other sums o•luture advances,withlnterest thereon,►v9�ich may heretofore heve been o�hereafter be edvanced :�a�,..���( .,
<br /> by Beneficlary ro Tastor or 7rus?u�'s svccessor�n lnterest o�GUe, �� � :''';�
<br /> • a!1 of which 1s hereinefter coNec6vely celled the"Indebiedness", Tiustor/rrevoca�ly grants ard erans/ers to Trustee,in tn�st,W/TH POWER �� , �
<br /> •w,
<br /> OF SALE,the folbwing descdbed property: � •`' .���' '
<br /> The South Oae-Half (S}) of the Northeast Quarter (Nrc'�! , Section Nine (9), Township Twelve (12) � . �
<br /> North, Range Nine (9) West of the 6th P.M., Hall Coun�y, Nebraska. - � .,
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<br /> ..,.��;� togefher wfth(i)ell bullc�ings;structu�es,addltlons,eRlaigements,modfl'icallors,repelrs,replacements,and:��lovaments now or nereaiter �. -
<br /> Ixafed tl�ereon,(i!)all eqmpment machinery and fixtures(including,without��mi!�tion,alI Iighting,hesbny�,co*�T:�aUng,cooling,air �
<br /> �::�j condftloMng,sprinkling and plum�rinc�6xtuies,water and power systems,englnas,boilers,ranges,ovens,dishwashe►s,minors end mantels, •' ' s
<br /> •�, � I
<br /> • carpeGng,fumaces,oll bumers,e�mvat�rs and motors,re�dgeratlon plants or uniYs,communlcation systems,dynamos,hansformers,elecbica! �,�;:,�;;�
<br /> equlpmeni,storm and screen wlndows,doors,awnings and shades)now or herealter attached to,or built In,any building or improvement ,: _� •.. ��;
<br /> now or hereafte►locafed theieon,(ili)all easements end rights of way appurtenant thereto,(iv),all lessehold estate,nghJ,Ut.'e aod in�erest of �:� ; �
<br /> t ,. .: ,
<br /> Tiastor ln 8nd to aR/eaaas,whether now or heresfter exlsbng or entere0 lr�to(lncluding,without limitation,all cash and securlry deposlts, , • ��-4•�
<br /> advance renta/s end deposlts or payments o/e similar nature),pertaining the�eto,(v)all rents,issues,profits and income tharefrom(suL^��ecc � ' . f-���
<br /> � to the dght ol Tiustor to collect and apply such rents,issues,profits and income as they become due and payable so long as no evenl�� � '
<br /> � default e:c+sts hereunder),(vl)all roysllies,mine�al,oil and gas rights and profits,wate►,weter rights,snd weter stock,(vi!)all tenements, i
<br /> •�;.��: , hered;nr^��ts,privileges and appuRenances befonging,used or enjoyed in connecBon therewith,and(viil)al!proceads ol conversion, , ,
<br /> ' volunta�v v��nvoluntary,o�eny o/the foregoing into cash or/iquidated c/aims(inc/uding,without limitation,proceeds of lnsurance and � . ,�
<br /> ';-°� Condemnsdon awards),all of which is hereinafter collec6vely caped the"Tiust Properry". � ; '
<br /> +�� TO PR07ECTTH�S£CURITY OF THIS DEED OF TRUST.TRUSTOR C�VENANTS ANO<iGREES AS FOLLOWS: ' ��''•�
<br /> ,,,!_. �
<br /> 1. At/e.Tnisror covmnants,war�anfs and ag�ees with Beneliclary,its seccessors and assigns,that Trustor owns the Trust Properiy fiee ; � �'�`�'�
<br /> �'� from eny p►ior llen or encumbvance,that this Deed of 7rust is and will remain a velid and enfo�ceab/e first Jien on the Tiust Property. .
<br /> ; thet Trtrsror,at its expense,will p►eserve such tiHe end wi!!maintain this Deed ot Trus'as a/irst and pa�amounf Jien upon the Trust
<br /> .•'�°- Property and wtii torever wenant end dele»d the validity and prionry of the lien hereo`agamst the claims of all persons and parties
<br /> • whomsoeve• F7ustor,at its expense,will cause this Deed of Tiust,and esch amenG�nant or supplement hereto,to be filed end '
<br /> recorded as a mortgege o1 the Trust Prope�ty in such manner and in such,�lace and wl11 take such action as in the opinion ol Tr4a!�e
<br /> may be required 6y any present or/utuie law in order ro pe�lect,mainta.�and protect the lien of this Deed oi Trust,as the same may .
<br /> i` be amended or supp/emented lrom 6me to time. Trustor will make such lurther assura�ce or assurances to pe�fect its tiife to the Trust .
<br /> Property as may 6e required by Beneficisry.Trustor he+er�l�elinquishes a)1 right of do�vor and homestesd in sncl��'*e Trust Property.
<br /> " 2. Payment of lndebtedness. Tiustcr shall punctuslly pay•^.�onncipa►oi and interest on the lndebtedness secure��:a•eby. ,
<br /> 3. Consbuc6on ut lmprovements. 7rusta shall conrplete r^grod and workmaNike manne�any buildings. Tc�vemenrs a repa�rs re►ating
<br /> thereto whlch may be begun on the Trust�*oce�j or contemplated by the loan evidenced by the•tic:c secured hereby,to pay when
<br /> dae sl!casts and fisbilities incurred therela�e,and no•t�,nermit any construchon lien against such Tiust Prope�fy.!n fhe eveni
<br /> construc6on ef buifdings.��?F~ovements or�epairs are rcntemplated. Trustor also agrees,anyth�ng,n this Deed ot Trust to the contrary
<br /> „ notwithstanding;(a)to pr.�^�p:'y commence any such work and to complete the proc�s^y�mprovements prompity,(b)to complete the
<br /> same!n acco��ance with 67e alans and specificaho»s as approved by 8eneficiary. ��•'�comply with all the terms o/a building foan
<br /> agreement,�"��+^y.between Trustor and 8enabciary, the terms o!which are mcorpora'ed herein by re%rence 8nd rr+ade 8 pert hereo►, �
<br /> (d)to aJlow$anefiCiary to inspect the Trusl P�pperty at all hmes dunng construchon,and(e)to replaCe 8ny work or m8te►ials
<br /> unsaBsfac?Lr,.ro Be»ebciary w�th�n hlteen ��5�days a/ter wntten nohce�rom Benefrciar�ot such�act
<br /> �. �t �.u�ds fn�Payment ol Charges.Sub�ect to app►r�abte ia�. e�to a wnKen wawer by Ee•�efjciary. Trustor shall pay t�?enef���ary on the
<br /> f:rist day ol each month,or such other date eacn r�on�^��-ay be spec�hed by Be�a�,aay,unt�l the Indebtedrec� ;�a+d�n tull.a sum �
<br /> • (here(naNer calfed the"Funds"1 equa►±o t 12!h o�t.^�;c.a�f taxes ar.d assessmer.•r�ys a;sn may attain prior�fy o���•::•s Oeed ol Trust
<br /> and grQUnal r�n3s en the Trust Property_d.an;�.plus 1 t2th ol the yearJ�p-�?mrum�nstai�menis 1or h�za•��nsutar:c�.ptus 1 12th o!the
<br /> yeady�orererrum r�stallmer.ts for mortgage:rslrance, d any,all as reasora�ly esbma�ed�rntra�ty a^��?io�^*�me ro tl.me by Ber.aFC zqr on
<br /> the basrs of assessmen!s an9 bills and reasonable eshmates thereo% The furrds s!�a:'oe hela�n a�� ?shiutron.vn�depos�s a�
<br /> � a�cnurcrs nf v�h�ch are rnse:re.�or Quaranteed by a lederal or state a.qency mcFu:°:rt��2neficisry.8enehc+ary srra�r apply the Funds to
<br /> � pay sa�d taxes.assessmerets.�nsurance prem�ums and ground rents. BeneGc�ary sr����not be requr�ed to pay Trusro�eny�nterest o�
<br /> � eamings on ths furtds 8�?2ficiary shal!give to Trustor,wdhout charge,an annuai accounhng ot the Funds show�ng cred�ts and
<br /> I debifs to n'�e��rnds arrd the purpose lor wh�cn each deb�t to the Funds was made. The Funds are piedged as add�hona►secunty for
<br /> the 1ndeDr�drtess sccured by th�s Deed oi Trust I�the amount of ine Funds held by Benet�c�ary,rogether w�th the tufure montnty
<br /> instellmen:s ot 1=unds payabie pnoi to the due dates of taxes.assessments.msurance premrums and grourtd rents.shat�exceed the
<br /> amount required ro pay said taxes.assessments,insurance prem�ums and ground rents as they�all tlue.such excess shau be.at
<br /> Tiustor's option,either promptJy repa�d to Trusfor or cred�ted to Tiustor against future monthly rnstapment�ot Funds.t/the amount ot
<br /> the Funds held by Beneficiary shall not be sutl�c�ent to pay tazes,assessments.msurance prern�ums and ground�onts as th2y tall due.
<br /> Trusbr shall pay►o Benehasry any amourtt necessary ro make up the debaency wdh�n th.�rry days irom the date n�h�e�s maded by
<br /> Benehci8ry to Tiustor requesnrtg payment thereof Upon payment�n/ull of ell/ndebtedness.8enehC�ary�shall promptly refund to
<br /> Tiustor arty Funds held by 8enef�c+ery. 11 the Trust Properry,s sold under the power of sale or the 7rust Propeny�s othe►w�se acqurred
<br /> by Benehcrary. Benehc�ary shau apply.�mmed�ately pr�or ip the sale o/the Trust Property or�ts acqmsrhon by BeneGC�ary.any Funds
<br /> � he�d by Benehcrary at the hme o!apptrcahon as a credd against the lndebtedness. 1/Benebciary executes a wrrtten waJVer ot Trusror s
<br /> ob6gahons unde�th�s paragraph 4.Trustor covenanis and agrees to pay. be}o�e the same become del�nquent. e�l taxes.assessments.
<br /> ac•t•6�u�G�4• NoYas.aO^� _
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