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<br /> - -�.-..._..--.- ;•,�.5�R•JS';' '_���T�i; rr„�.°. �actd entr•:r.d �tlt0 tIlLS ��t �lwv nf;,Trnw. �oof�hy and 1►etween]e�SEPH M.BROWN
<br /> _�� �p�,p���[V$�.(�{yM �IIJI9NANp A1�?p tVI�� TRUSTOR,whether one ar more; and OLD REPUBLIC NAT[ONAI.
<br /> TTI3E 1NSURAN�B COIY�FANY, TRV�'x'EG; nnc� CHARLFS A DOUTfi1T� BENEFICIARY, whether oae or more.
<br /> W[TNESSETH: 'ThAt tha 'ISriutar daes by these presentsg�ant� bargaiu, sell� coavoy and coafirm uato thu'1"ruatee,
<br /> with Power of Salo,thc foUowlag-desc�ribed ronl astate including ell bwldings,unpravemcnta,and fixtures of every kind narw
<br /> a-= or hereafter ereded or placed on the rcel estate s�tuatcd m HALL County, Nebr�ska, described as:
<br /> �--"'� Lot Ftve (�, Blodc One Hundred Sevea (10'n, Railro�d Add[don to the City o[ Grasd I�lAad, Hdl
<br /> - Conat,r�Nebriwlui
<br /> In tha avant of the salo, tr�asfer or conveyance of tho above-desadbed proparty to any third party, all sume secured
<br /> horeby sshall bc at oaca duo and payabk.
<br /> TO HAVE AND HOLD thG same, with all righte, prntileges, and app�utenances thoreuato belo unto tho
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<br /> -- -- Trustee� hib e7aeaUOrs, admm�strators, heirs and acsi�na iorevor, p►nu tao ln�s[or aareoy Gapress►y w.iv w,�.,..o,�...�
<br /> -- rclinquiahes unto the Trustea all right, titlo clsim, mterest, bcnefit and �state whatever� ia und to the�ova doscribed
<br /> prem�sec and each aad every part thercof, w�ich is given by or results from all laws of tho State of Nebrasiu pe�inin�to
<br /> the ezemption of hanestead And the Trt�ator coveaants vnth thc Truatce t�at he will forever wanwt and defend tlae t�tlo
<br /> to the s�me�gaiast the ltwful claims of all persons whorasocvor.
<br /> IN TRUST� HOWEVER for tho following dcsaibcdp • WI�REAS,the Trustor did an tbis dato a�ecvte
<br /> a Promi�aory Note evideacing a �oan for tha�privapal sum of s�.00 and interest therooa uoording to tho terma of
<br /> aaid Prom�eo�y Note� bainR payable in monthly iaatallmcnta�t such plqco as tha Baneficzery:hry dcsignate in writiog from
<br /> time to time.Notwithat�nding eny provuion canteincd horein or in sald Promissor�Note to ihe contrary,if not aooner paid,
<br /> all sums duo at�d owing under the terma of s�id Note ahall bo paid on tho i�t d�y o[d�ne,2008.
<br /> In the event of defauh, Bencficiary'e remcdics a6aU not bc limited to thosG provided for harein. Tbis Truat Deed
<br /> may be forecloaed In tha mannGr peracribed by law for foreclosure of martgeges.
<br /> TI' IS AOREED by and betwcen tl�c�Quties hcrcto that thc Truator s6all: (i)pay ell present and fubue Woes and
<br /> �asesameats, goner�l and s��, a�gainat aud pr�perty beforc tho sama becomo delinqueat or acxionable; (2) keep all
<br /> improvemants arecxed on the land inaured as may b�required&oim tima to time by Benefiaary�gain.st lass by fur.md other
<br /> haz�rds!caaualdes and contingencies,�in such amounts �d for auchpariods as are reuonable and may ba roquired by tba
<br /> - BenoHauy� and to keep all poliaes of such iasurance ia force and cffed and delivercd to tha Bcacfic3ary� aad aamiAg
<br /> Tcuator and Bencfiauy a5 loss paye�,t,as their intcrests may appesr;(3)pay end comply with all of the tcrms and conditione
<br /> - of any lien,c]aiw a iadebtedness thut m�y be sonior to and take procedence over thi�Truai Dezd as soon�s such payment
<br /> . on or of such Gon,claim or u►debtedness slull become due;end upon failure of the Trnstar to kecp aay of said agreemente,
<br /> r,��� the said Hanoficiuy may pay su�,tax,pay for such insurance,or pay off any and all such Gons�or indebtedness u tbo case
<br /> _-���•� may bo, aad mon�y eapended, vnth iaterest as provided by the terms of tho aforemandoncd Promiisaory Note, sh�ll bo
<br /> Y;�� secured by this Truat Deed, �nd the T"rustor agrees to pay tha same upon demend, end upon failure to do Bo, tho ba�na
<br />_-^�=-�a� of a�id Pcomisaory noto shall becomo immediately dua end payuble at the o�►tion of the Beno6ciary; (4�spedf'�ly oonfer
<br /> _-_ — upoa the Trustca tha Power of Sale aa protided ia Ncbreska law;(S�retain possession of tho premises and collect the rents
<br />---� �nd revenucs therefrom;(6)maintain the Property in a condition oF muintenence snd repair such thet the interest of Ttuatce
<br /> -:'°���� md BwcSciary aro nat reduced in valuo through waste. F�ileue to comply with any of tho foregoing prov�ision.s shall
<br />--_=;-uy�±: coaetitute�n�vent of default under r�e terma of tLis Trnst Deed.
<br /> � A$ANDOIVMENt' OF TFi� PROPE.RTY BY TRUSTOR. In the event that Trustor abandoas tho propie:ty, a
<br /> �„���;;,�� if accumstances r�asanably indictte tbat Trostor has abondoned tho Pro�rty whether or not in connection with my Mher
<br /> ___�;,F,�� evcnt oF default, Bea�ficiary s6all have the right, �ollowing filing of Nohoe of Default, to enter upon tho prcmises for d�e
<br /> - :,; purposn of securuig tho same aad for cartp»g out any othar measures necessary� to protect and preaem tho intorcats of
<br /> ��w� tha Benofic�uy in aad to the�Prope Trustor specuically�,�Qt(ees to hold Tr�ee az►d BeneBaary andLt6Lir eaeploye
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<br /> -- -_��.::,*y��� (�1IP�II$ aIIQ aganw uumics� wr itIIr LLi11I111�G1 Wt3rl►l{{tl�Viy �ut�tGY u�lVU utV c aV���� i++ wuuvHavu '.aau wv wn��aav w
<br />- - rights arising under this Paragcagh,and hereby��sie'ts°r;ra�!s^of^^tion anFing therefrom.
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<br />�=�`.�y::?���'` Upon payment of all sums seeured b this Trust Deed, the Beae6aary snall raquest the Trustea, in wridng to
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<br />_- -...�•. reconvey tho property and shall surrendar this rust Deed and all nntes evidencing indebtedness securerl by this Trust Deed
<br />_'�"4=�. _ , to tho 'Cruatee. Tntatee shall reconvcy tha property withcut warranty to thep�rson or persons Icgally enUded t6cretoi but
<br /> � •• ; � ,.� if d�fault be made in tho payment of said Note or any part thcrcof or any of tho intcrest thereon when due or in the fa�thfiil
<br />-'s, �,�;� ; performena of any or either of said agrccments as aforesaid, then the whole of said Note shall become due and be paid
<br /> ��;,.�;��:.;��. .� as hercinaRar proHded, and this deed shall rcmain in force. Thc Trustee or his attocney may then proceed to stll tbc
<br /> :•SM�• �,;, ' � propetty�n its entirety or in parcels at the option of tha'IYustee, hereinbcsfore described at public auction, ta the lughest
<br /> �k:� � bidder for cash.
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