|
�-� .. .:�{�-_.
<br /> l ..'W.-'��_.i��i'�► _.. : — -__
<br /> ' „� '
<br /> ��,� _ . ..sc,..u� .. ,., it'v` ST.+f
<br /> , ..... . � ' � '
<br /> .� .�
<br /> .
<br /> '_ __..._....._..aKr1«,. _ _ �_... ._...:_�_ .t r1�v.... . . .
<br /> T._."_ _ . . . _.. ._ _ _.�.
<br /> �l1����'.'r.�sr
<br /> ._trA"�_� _ --- -- _—---_—__-- _
<br /> .�. .��� .��...�+�v
<br /> ... ._ ... ..___ ____""'._ ___"_ _ "_ . . ____"_._ ._.__'" ' _ —�- -"���--..--�.« _ _.____ _ _ __
<br /> _.__"__""___—__ .__.
<br /> '"_ ____ .__"_ _ __. _..
<br /> . �.- 1
<br /> .m.--_.________ . _____�__ ._ - .__� -- ___. ___.��_._...�._ .�.---_�_��_. _
<br /> - ___... .__._ ._ . _ . . ..... --- ------ -- - _ _ _ _.__ ..__ . � _
<br /> ��o.� � ��,��.���► lI _
<br /> Y
<br /> .�' (/y��i
<br /> �i� wf� , �� � �
<br /> �. W Q t�� � �
<br /> �1 :� � » �,"� .:.� m ,
<br /> � �g ,*� '""� -� o
<br /> � �/�i .) � �"� "q
<br /> �
<br /> 4 7� , .7 F'► -,, �.' r
<br /> , -�1 '�' l7y O
<br /> � �. Ut
<br /> (�. • �7 �— U �
<br /> t �"
<br /> 3 r p
<br /> N � � N
<br /> D' O
<br /> � NN W
<br /> DEED OF TR,UST
<br /> THIS DEED OF TRUST,in made as of 3� day of ✓G� 19�,L_ by
<br /> ead BAtOng T4��v T 7�N� � TANFT [`. T.ANF.V� hnahand anA o�fn ("TtUetO!"1,whose mailingaddresa fe
<br /> ("Tcustee"),whose maUing addresa is P 0 BoX 228 Auxors NE �88 8
<br /> �d KENNETH L. WORTMAN & MARILYN E. WORTMAN. husband and wife, ae ioint e��i8fidary')
<br /> whoee maillng address ia P 0 Sox LO� Aurora.�1 • 6881 S
<br /> FOR VALUABLE CONBIDERATION,Tr�ator isrevocably trauefere,wnveye and eesigne W Trustee.IN TRUBT,WITH
<br /> POWER OF SALE,for the benefit end eecurlty of Beneficiary,under end eul�ect to the terms aad conditions of thia Deed of'l�uit,
<br /> the real property located in the Ctly of Grand Island Counts►ot
<br /> Hall 3tate nf Nebraeka,and legally deacribed ss foUowa(the"Property"): ot e (1) , Surch
<br /> Su ivis on, an Ad ition to the City of Grand Island, Hall County, Nebraska, excepting
<br /> t75refrom �7 ract of land more particularly described in Warranty Deed recorded in Book
<br /> 1 '��R'HE��WITH,all rents,easemente,appurtenances,hereditaments,intereatt�in a�oining roade,etreeta and elleyi,
<br /> improvements and buildings of urry kind eituated thereon and all pereonal property that may be or he�aiter beoome an integ�el
<br /> part of auch buUdings:�nd improvemente,aU cmpa raised thereon,and all water righte.
<br /> The Propesty and the entire eatate and inrsresc conveyea co r,�e'trustee are referred to wllectiveIy as the arnei E�sta".
<br /> FOR THE PiJRP(38E OF BECURIN(i:
<br /> a.Paymeat of indebtneea in tho totsl princ[pal amouat of j 550.000.00 , with interest thereoa,ae evtdenced by thst
<br /> oertnin promiseary note of evea date(the"Note")with a maturity date of Nev �+h nr t� 9 01� .
<br /> executed by Truxtor,ehich has beon delivered and ia payable to the order of BeneScinry,aad which by thi�nference i�hereby
<br /> made a part hereo�and aay and all modificatioae,ertenaione and renewals thereo�aad
<br /> b. Pqyment of nU suma advaaced by BoneAciary to pmtect the Tru�E E�tate,�vith interest thereou at the nte of
<br /> siaht percent ( 8 %)per anaum,and
<br /> c.The perfortnanw of Truator'e covenanta and agreementa.
<br /> This Deed of Truet, We Note, and any other �nstrument given to ovideace or thrther �ecure the p�yanent and
<br /> performance of any obligntton eecnt�t hereby are referred to collectively as the"Low In�aumente".
<br /> TO PBOTECT THE S�CURITY OF THI9 DEED OF TRUBT.
<br /> 1. PAYMENT OF INAEBTEDNE99.'l�uitor�h�ll p�y when due the prindp�l o�and the intereet on,ths indebtednew
<br /> evideaccd by tbe Note,chnrges,fees and sU otber suau a�provlded in the Loan Iaatrument�.
<br /> 2.TA1�8 AND A89E3AMENT�.Truetor ehell pny ell tuee nnd epedel aseee�menb of every kind,auw or here�lGr levid
<br /> ngainat the truet eatate or eny part thoreof ae fo]lowe:
<br /> (iniHal onel
<br /> �Truatar ehell directly pay euch ta:ee, without aotice or demand ae each inetellment comee due and sball
<br /> provide the bene6ciary with evidenoe of the paywent of the eame.
<br /> 74u$tor ehell pay to bonefidary one-twelfth of the real eatate tezee each month and euch other e�e�anenNs
<br /> se tlaey become due.The one-twelRh payment abell be ac�juated anaunlly as t6e ta�cee change aud trustoe�r�es that
<br /> efter paymeat of the taxea each yeer Lhat nny deficiency MIII be promptly paid to BeneSciary. Benebdary�qree�
<br /> ta provlde truetor with nweipte ehowing that the real estste tazea hnve been pnid in full aad when due.
<br /> S. INSi1RANCE AND REPAIRB.'hvetor ehsll mainteia fire and extended coverage insurenoo insuriug fhe fmpno�vaneate
<br /> and buildiags constituting part of the Truet Eetato for azt amount no leee thea the emount of the unpeid prindpal Mlance of t1u
<br /> Note(co-ineurence not exoeeding 8096 permftted).Such tnaurance policy shell wntain a standa:d mortgage clawe ia fivor of
<br /> Benefidary and ehell not be cancellnble,terminable or malifiable wlWout ten(10)dqye pxlor wrtttea notice to B�aneHciary.
<br /> 'Ttustor ebell promptly repair,meintain and replace the 1Yvst Estate or any part thereof eo that,ezcxpt for ordiatry we�r aad
<br /> tear,the 7'rust Estate shall aot deteriorate.In uo eveat ehull the Truator oommlt waate on or ta the Trast Eetatc.
<br /> 4. ACTIONS AFFECTIN(i TRU3T ESTATE.Trnetor ehaU appear fn and conteat any action or pmoeeding purpotUng!o
<br /> uH'ect the eecurftY hercof ar the righta or powars of Beneficiary or 7Yuatee,aad shall pay sll coste and e:pennee,including coet of
<br /> evidence af title and attomey'a fees,in any such action or proceeding ia wluch Beneficiary or Truetee mqy appear.34ould'hwtor
<br /> fail to make any Pnyment or to do aay act ns aad ia the manner provided in aqY of the Iaan lnattumeata,BeneSdaiy andlor
<br /> Truatee.each in its own dierretion,without obligation eo to do and without notioe to or demand upoa Ttnntor and nttbout
<br /> releasing'fru�+tor fmm any obHgation,may make or do the eame in auch manaer ead to euch extent ae either may debm ,
<br /> necessary W protect the security hereof.Truetor ehnll,immediatc�ly upon demand therefor by Beneficiary,pay all cate and
<br /> expenxea facurred by Benefictary in connectton with the exercise by BeneSdary of the foregoing righta,iacludfag without
<br /> limitation costa of evidence of title,court costs,appruieals,surveys and attome}�s feea Ar�y auch coata and ezpeneea mt paid
<br /> wi1]iin tt,n(101 dave of wrItten demand ehall draw interest at the default rate pmvided in the Note.
<br /> I b. EMINENT DOMAIN.Should the Truet Eetate,or aqv part thereof or interest therein,be taken or damaged by reesoa of
<br /> uny publlc improvemont or condemnstion proceeding, or in ony other manner including deed in Heu of Coademastton
<br /> ("Condemantion°).or ehould'IYustor receive eny notice or ather information regarding such proceedtug,Tnutor ehell giveprompt
<br /> writtea nottce thereof to Beneficiary. Benoficiary ahall be entitled to all compeneation,awxrda and other paymenta or rellef
<br /> therefor,and ahall be entitled at ite optton to commence,eppear in und prosecute ia its own aame eny nction or proaedinge.
<br /> Beneficiary ehall also be entitled to mrsko any compmmieo or eettlement in connection with auch tnking or damege.All euch
<br /> compensndon,uwurds, dameges,righta of uction und pzooeeds awarded to Trustor (the "Proceede") ere liereby esei�ed to
<br /> Beaeficiary cand'I`ruetor ugreea to execute such iLrther usatgnmenta of the Proceeds ae Benefldary or Truatee may require.
<br /> 6.FUTIJRE ADVANCES.Upon request of Trustor,Benefidary,at$eneficiary's option,prior to reconveyence of the Ptoperty
<br /> to Truator muy makr.ftiture ndvancea to 1'ruator.Such fliture advances,with interest thercron,ehell lx�eecured by tbie Deed of
<br /> Truet when evidenced by promiesory notes stuting thnt said notes are secured hereby.
<br /> - ----
<br /> _ --°-- - - - -
<br /> .. -- — - --- __ - ------ - _ �
<br /> f l — i l
<br /> _ ,
<br /> ' I I I -- --- - - _ _ Rev 9l85 I I I
<br />
|