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<br /> �,.,,�,,,,�,�F �Spaa Above"Ihis l.inc For Remrding DataJ 12 ',"
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<br /> TRUST DEED I'��-`
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<br /> �[c��j��, 19�b and bctwccn � �;--
<br /> THIS TRUST DEED is madc and entcrcd into this �day of � Y
<br /> Thomae D. Hohabeum and Pamel� L.Ho6nbaum�husband and wi(e,TRUSTOl�,�w"h�[cr onc or morc;and, TRUSTEE; � `�,
<br />, � and Je��y������•�BENEFICIARY,whether one or murc.
<br /> F,.
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<br /> • = WITNFS3ETH: That the Trustor does by these presents grant,�z�eBa►n,sell, coavey and aut�iYm unto the Trustcc,
<br />� ':-�:'�� �:.� with Pcstver uf Sale the following•dcscribed real estate including all buildings im�rovemants, and fixtures af evcry kind aow
<br /> ' ��;'''�, or hereatter erectec{ar placed on the real estate situated in County,Nebraska,�escnbcd as: �
<br /> �>`'`,';..,`;�y' �
<br /> .. '•� �t �n�,-six (26),�etfrey Oalcs F[f�1r Subdlviston fn the city of Grand Island, Hall Ganty, Nebmslca. _....
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<br />= In the event of the sale,traasfer or caaveyancc of the above-described property to any third party,all sums secured
<br /> :: . hereby shaU be at oncc duc and payable. _
<br />'?�;"'�s'"' � TO HAVE AND HOLD thc same, with aU rights, privilcges, aad appurtenances thereunt�o bclongu►g, unto the
<br /> Trustee, his executors, administrators, hcirs and assi�ns forever. And the Trustor hereby expreasly waives, releases, and
<br />��':S"•�.•::..� relin uishcs unto the Trustee all riglit, titic, claim, wtesest, bcneGt and cstate whatever. in and to th� abuve describcd
<br /> :M?�•�`�+�� rem�ises and each aad every pazt thareot,wlrich is given by ur results fr�w ali iaws of tke State of Nebraske �rtaining to
<br />=>. -:.���` tPhe exempcion of homestead. And thc Trustor covenants w►th the Trustee that hc wiA forevcr warrant and defand the title
<br />�= ,,,�.��,t,,, to thc Same against thc lawful claims of all persons whomsocvcr.
<br />� ','�'. .• IN TRUST, HOWEVER, for the fallowing described p ses: WHEREAS, the Trustor did on this date execute
<br />�y- ����`'�.�
<br /> .ti. 4 a Promissory Note cvidenc�g a loan for thc principal sum of f17 .00 and interest thereon accordiag to thc terms of said
<br />_=�_-��'''��' a blc in monthly installmcnts at su¢h plact as the Benefiaary�nay designate w writing from timc
<br />.,�r.,�_ Promassory Notc�bcinB P Ya
<br />^,;.,=,_.=j;--' to tuae.Notwithstanc�ng any provision caataiaed hercia or in said Promissory Note to the contrary, iF not sooner paid, aU
<br /> --•i-- :' sums duc and owing under the tcrms of said Note shall bc paid on the let ds�y o[May,1998.
<br />;:!r�.�,a.�rrtr
<br /> =u°�'^'-' In the event of default, BeneGaary's remedies shall not be Wnit$d to those providcd for herein. This Trust Deed
<br />�` � may be foreclosed in the manner perscribed by law for foreclosure of mortgages.
<br />�s.•:.�: : •
<br />— IT IS AGREED by and between the partics hereto that the Trustor shall: (1)pay all present and futwc taxes and
<br />�:,,S,t% asscssments, general aad special, against said property befoce the saane become delinqueat or actionable; (2) keep all
<br />-=�=:��° improvcments erected on the land insured as may be reqwred from time to time by Beneficiary against loss by fue and other
<br /> Y;�,�i-:,�;,u�a busrdst casualties and watingencies, in such amounts and for suchperiods as arc reasonablc and may be rcquired by Ybe
<br />�"��' • • Benefiaary, and to.kecp all policics of such insurance in force and effcct and deGvercd to t6e Bcncfiaary, and naming
<br />_,,,,�,�.;.._.��.- . y ppe ( a and wm 1 with all of the terms and wnditinns
<br /> ,.. ,,�ej,::l: Trustor and Benefic►ary as loss payces,as their intetcsts ma a az; 3) p y p Y
<br /> v.;.:'t..... A.�. .
<br />_ .._��_,,. of any lien,claim or indebtcdncss that may bc senior to and take prccedence over this Trust Dccd as soon as su paymant
<br />'-.�� � �.-�� : an or of such lien,claim or indebtedness shall became due; and upon tailure nf thc Trustor to kcep.any of said agrccments,
<br /> '-' • • t6e said Benefiaary may pay such tax, pay for such insurancc,or pay off any and aU such liens,or indebtedness as thc casr.
<br /> • � may t�c, and moncy cxpcnded, with interest as provided by the tcrms of thc aforewcntioned Promissory Notc, shall be
<br /> setured by this Trust Decd ai►d the Trustor agrccs to pay t6c same upon demand, and upon failurc to do so,the balance
<br /> �' ot said Promissory note shall become immediately due and payaUle at the option of thc BeneHaary;(4) specificaUy confer
<br /> ' , upon► the Trustec tha Power of Sale as provided in Ncbraska law;(5)retain possession of the prcmiscs and collect the rcnts
<br /> 1,; 4 aed revcnucs thcrefrom;(6) maintain thc Property in a condition of maintcnance and repair suc6 that thc iaterest of Trustec
<br /> and Beneficiury ate not reduced in value through wastc. Failure to comply with any of the toregoing provisions shall
<br /> - �:��� cansiitute an event of dcfaulc undcr the tcrms of this Trust Deed.
<br />�� ' �� ABANDONMENT OP THE PROPERTY BY TRUSTOR. In thc cvent that Trustor abandons thc property� or
<br /> if cireumbtances reasonably indicate that Trustor has abondoncd the ProFerty whcther or not in cocuiection with any other
<br /> ._,�a�� ` e��ent of default, Beaoficiary shall have the right, following fiGn�of Nut�cc oE Default, to enter upon the premises fnr the
<br /> � purposc of securing tho saunc and for carrying out any other mcasures necessary to protect and preserve the inter�sts of
<br /> _ . T_._..._ .. ,..:�....u.,o...a,.� ��, l,nld Tractce and Bcacfciarv and lhcir cmployccs,
<br /> � - - - _-__= _ _ .. ._'�
<br /> thc Bencticiary in and io ine r�o�:�.r. •...�.... �w--..---., --
<br /> scrvants and agcnts harmless for any damagcs unavoidably m�ctcd upon thc Property in conncction with thc cxcrcisc of
<br /> rights arising undcr this Paragraph,and hcrcby wxivcs any causc of action ansmg thercfrum.
<br />- Upon payment of all sums sccured by this 1'rust Decd tl�c Beneficiary sliaU rcqucst thc Trustce, in writing tn
<br /> reconvey the propc:rty and shall surrender this'frust Ueed:�nd:ill notes evidencing mdebtedncss secured by this Trust Deed
<br /> to thc Trustcc. Trustcc shall rcconvcy thc prop�;rty without warranty to thc person or persons Icgally cnuticd thcrcto; but
<br /> if default be mudc in thc payment of sa�d Note ur any pa�t thcrcuf ut any of thc intarest thcroon whcn duc or in thc faithful
<br /> - performancc of any ar eithcr of s;ud agrecmcnts as afc�resaid, thcn the wholc ot said Nutc shall bccomc duc and be; p.►id ,
<br /> � as hcrcinaFtcr prov►drd, and this dced shall remain in farcc. Thc Trustce or his attorncy may thcn procccd ti� scll thc ,
<br /> - prop�.rty in its cntircty ur in parccls at thc option of thc Trustcc, hcrcintxxforc dcscritx:d at public aucUon, tu tLc highcst
<br /> biddcr for cash.
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<br /> tinn sMM�«�4Y A�w�11w[staw�r.�a.�na.�•�N-s1�t tt� nass7/ �•
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