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<br /> . . C�ED OF TRtIST ���N-�ND ��;��-�,�����
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<br /> THIS pELD.aF �RUSTr �S It►�d� a15 �f th� 1aTH d�'y �f ,,,,,MAY , 1995,
<br /> and �ng!?uene A. Waodward and Sharan wat��var rus or"}, whos� ma ng a ress�s
<br /> hush�nd and wi�"e 9870 So Shady �nd RD., Qoniphan, t�
<br /> K.R.p. �'�C�RA� CR�DIT u�v�[1� (pTrustee"). whose maiting address is
<br /> ��a r���s �v�., �.�. eox �s�, �ca�c, r� �sao�
<br /> and K.R.D. ��c�ra! Credit linion ("8eneffci�ry")� whose mailing address in ���,
<br /> �q��f�'�9�(�fX�1• �•q• 80X 385, 3�4 N�tRIS AVE., MCCQ71t, NE 69bQ1
<br /> �
<br /> �'OR YAI.UABI.E GONSIDERATI4N, Trustqr irrevocabt;y transfers, cenveys and assigns to
<br /> Trust�e, IN TkUST, i�ITH P�MIER OF SALE� f�r the benefit and s�curity of Ben�f�ciary,
<br /> under ��d �ub�ect t� the terms and conditians of this Deed of Tru�t, the real property
<br /> ��cat�d irt t e City of , �ounty of �w , y,gL�, , �tate of
<br /> �br�ska* an� 1��ai ly dcscr as a ows e "Rraper`�y"):• Lvt �ne f I 3 . �aa�ward
<br /> " Subd3.visfan, �iaZl County, NBbrSBkSr
<br /> IL�tIPHAN 71�', W�DWAEt[] SUH. LDT 1, 7.S8 �1GR�5)
<br /> TQGETHER IiITH, �11 r�nts, easemen�5. appurten�nces, hereditaments, interes�s in
<br /> ad�vi�i�� roads, str�e�s an� alleys, improvements and buitdings af any kind situated
<br /> thereon and all personal prap�rty th�t ma�► be �r hereafter become an integral part of
<br /> sufih buitdings ar�d impravements, alt crops raised ther�on, and ail water rights.
<br /> The Praperty and the ent#re estate and interest conveyed tv the Traste� �re
<br /> referred t� colle�tively as the "Trust Estete". .
<br /> THIS 7'RU�T pEE� IS GtV�N f�R THE Pt1RP�S� QF S�GtfRINGs
<br /> 1. P�yr+��t of ini�ial finde��edn�s� in �,he prin�f��►1 �maunt af
<br /> � , with interest therean, as evidenced by arn t�pen-End Varlabte
<br /> �� e gre��n � �ven date herewith, and a� �eCUrity far fu�uire adva�c�� that may be
<br /> �,ads front t�m� t� time by bene�iciary �ursuant ta the tsrms and �vnditions of that
<br /> • Open•E�d Yaria6l� Rate pgresn�er�t which prin�lRa1 future a�va�ce�. inciuding the an�aunt
<br /> �it�ove set out �s c�nsideratian fvr t�y� Tru�� R��d. �hall no� �x���� th� t�tat am�un�t
<br /> �f � ' and which �pen�End ltariahle Rate Agr��n� has been
<br /> �x��u� y rust�r, ��i y th�s referen�e made a part h�reof as if fully se� �tr�
<br /> he�i�t;
<br /> �. Payment of any and dtl modific�ti�ns. ex�ensinn� and renew�l� c�t' that
<br /> certafn �rc�niss�ry Nate �f �r�en date herewith� and, in the eYEnt that certafn
<br /> F�f�sory Note cuntait�s a "balloon" provisic�n� an+d at the time su�h payments i�
<br /> reqe�#red, the bal an�e �'F tha t no�e 1 s rewri tte�n t� ex tenr! the payment terms. th i�
<br /> Tr�st �eed shall ca�ntinue to secure �uch renewal o� exten�ton �f the terms af that
<br /> n�t�, �r►d a11 i�terest accruing there�n;
<br /> 3. Payment of �11 sums advan��d by b�n�ficiary to pr����t thr trust e�ta�e,
<br /> wfth interest ther��n at the rate in e��ect on th� pramis5ory nt�te �t the �ime of the
<br /> , adver�ce.
<br /> TQ P�GT�CT THE SECtlRITY 0�' '�NIS D�ED 0� '�RttST:
<br /> �
<br /> 3 �. FAYMENT OF INC�EBTE�NESS. 'trustnr s�ail p�y wh�� du� the pri�r�lp�1 pf� ar�d
<br /> �he 1nt�rGS� on. the in��b�edness evfd�nc�d b,y t1�� �t�t�� ch�arge�, fee� an� a�ll ��h�r
<br /> ' • ��� �s pr�vided �n �t�e �.�an In�trumentS.
<br /> � �. TAXES. Tr�stor shall p�y e�ch 1r��t�l��nen� c� �1! ta�e� and �pee�al a3se�s�»
<br /> �nt� �f �very kind. n�w �r hereafter 1ev�ed �ga�n:�t the Trust E$tat� �r a�y p�r�
<br /> th�r�af. before detinqu�neY. withvut �oti�� or dema�►r�, anc! shati prov��� 8ene�iclary
<br /> t�1th evldence of th� payment of satn�. 'Tr�u�tar sh��i pay a11 t�xes and �ss�ssments
<br /> which may be fevied upan ��nefi�fary`s inter�;st h�reln ��^ u�on �ni$ Qe�� af Trust or
<br /> ' the debt s�cur+�d h�reby, withou� r���r� t� �ny �a+� th�� ��y h� enacted impasing
<br /> p�ym�nt �f th� w��l� or any part ther��f up�n t�e ��neft��ary.
<br /> �. INSURANCE AND kEPAIRS. Tru���tr �hati m�inta'ir� �ire ar�� �xtend�� coverag�
<br /> itt�t�r�nCe insur�ng tt�� impravements �n� �uil�ings ��nst�r.�tin� p�rt Af the Trust
<br /> �st�t� f�r an amaur�t n� ies� than the �m�nt of th� �aN�p��d pr��:�p�►1 ba�t�n�e �f �h�
<br /> No�e (eo-�n5ur�n�e not �xc�ediny �4� permltted�a S`11G:�1 �d?5Ui^dl3CB pulicy sha11 �o�tain
<br /> a st�nd�rd mortgage �]au�� it� favor �f Bsn�fi��a�y �rtd �ha11 n�t b� �anc�liable,
<br /> term�r���i� nr m�odif�abt� wfth�ut ten (10� days pri�r written nc�tic� t� Ber��fic�ar.y.
<br /> Tru�t�r ��a11 prqmpt�y r�pair, ma9ntain an� r�pta�e th�a Trust �stat� �r a�ny part
<br /> ' t�er�c►f so that. �x�ept �or ordi�ary wear �and tear� th� Tru�t E���t� �hell npt
<br /> ° de�eri�rate, In nt� ev��tt �hall the Trustor c�mit w�ste ao� or �o th� �rust Est�t�.
<br /> ���ux
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