|
. .,'�
<br /> .�� , ' , " ��
<br /> . �� �;.6 e _.'r;�INi-a�+N.:W��h►�'`.r,n.!NN't.It��Mrri%��`��til�Fir�,t'x .. �� 1' . � . � ._. ,.��'_. ___- ,
<br /> �.�
<br /> ' ' � —
<br />_ , , r� � � � � -
<br /> C' � .G � = � � ,� -
<br /> � � � i i � .� � r'n �_� m .�« .:
<br /> � � cn u, � �� n -t p �� F
<br /> � � � T� 1
<br /> � ^ � a• � � � �''.� » _
<br /> n s �� � M
<br /> n ��
<br /> �� 3 � n A�
<br /> n g
<br /> •,r, � n N � �7 L r
<br /> Q N �`.� �1�
<br /> . . .-�� � �.. N ��
<br /> .r , ■
<br /> ---- ---.-- -- - LSpece Above'It�ic I.Ine For Remrding Deu] -- -- - -- - -- - -
<br /> ' TRUST DEED �'� 11Q'768 ��
<br />= . �G�s'a
<br />� •4 THIS TRUST DEED is made and entered into this IBth dAy of December, 1997 by und betweea FIDELITY `'
<br /> NATIONAL TITLE INSURANCE COMPANY, TRUSTOR, whether one or more; and 5IAMAK KARIMUN� A SINGLE
<br /> ` PERSON, TRUSTEE; and JAMES S• REED ANA PRECIOUS A. REED, BEI�1EFICIARY, whether ono or more.
<br /> �
<br /> ��. WITNESSETH: That the Truator does by these presentsgrant�bargain, se�, convey and confirm unto the Trustee,
<br /> with Power of 3nle�the following-described real estatc including aU bwldings, improvements, and fixtures of every kind now
<br /> • � or hereafter erected or placed on the real estate situated in HALL County, Nebraska, described as:
<br /> ~�
<br /> 3uite 21i�6, Plaewood Condominium in the Clty of Grand Island, Hall County, Nebraska.
<br /> . ���
<br /> . �� In the event of the sale,transfer or conveyance of tbe above-described property to any thvd parry, all sums secured
<br />-' hereby shall be at once due and payable.
<br /> TO HAVE AND fIOLD thc same, with all righw, privileges, end appurtenances thereunto beloaging, unto the
<br />_ Trustee, his executors, adminiistrators, heirs and assi�ns forever. And the Trustor hereby expresaly waives releases�and
<br /> relinyuisLes uato the Trustee all rigl�t� tillc claim, mterest, benefit and estate whstcver, in and to thc a{�ove descrihed
<br />_ ,. � prem�ses and each and every pert thereof,w�ich is givcn by or results from all laws of the State of Nebraska pertaiain�to
<br /> � . �'' the excmptloa of homestead. And the Trustor covenants wRh the Trustce that he wiU forcvcr wnrraat and defend the utle
<br /> - . to the same against the lawful cleims of all persons whomsoever.
<br /> IN TRUST, HOWEVLR, for the fotlowing describcd purposes: WHEREAS, the Trustor did oa this date execute
<br />' a Promissory Note cvideacing a loan for thc principal sum of SZ9 OD0.00 and interest thcrcon acwrding to the termo of said
<br /> � " Promissory Notc,beiag payable in mon¢!ily instaUments at such place as the Bene�ciary may desi�ate in writing tiom timo
<br /> � :a• to time. Notwithstanding aay provisioa containcd herein or in said Promissory Note to the contrary, if not sooner paid, all
<br /> . . sums due and owing under thc terms of said Notc shall be pa�d on the iSth day ot Dxember� 2000.
<br />-. In the event of default, Bencficiary's remedics shaU not be limited to those provided fur hereiu. Tfua Trust Deed
<br /> may be foreclosed in the manner perscribed by law for foreclosure of rnortgages.
<br /> • IT IIS AGREED by and between the pardes hereto that the Trustor shall: (1) pay aU present aud future taxes and
<br /> assessments, general and special against said property before the same become delinquent or actionable; (2) keep all
<br /> . improvements erectcd on thc lan�insurc:d as may bc reqtured from time to time by Beneficiary against loss by fire and other
<br /> - � hazardst casualties and contingencies, in such ainounts and for such periods as are reasonabie and may be required by the
<br /> Beneficiary, and to keep all policics of such insurance in force and effect and delivered to the Beneficiary, and naming
<br /> Trustor and Beneficiary as loss payccs, aa their intcrests may appear; (3)pay and comply with all of tiie tcrms and conditions
<br /> of any lien, claim or tndebteduess that may bc scnior to and taka precedence over this Trust Aeed as soon as such payment
<br /> on or of such lien, claim or indcbtedaess shall becomc due;and upon failure of the Tsustor to keep.any of said agreements,
<br /> the said Bencficiar�+may pay such tax, pay for such insurance, or pay off any and all such liens, or mdebtedaess as the case
<br /> , may bc, and raoney cxpcnded, with intcrest as provided by the terms of the aforementioncd Promissory Note, shall bc
<br /> secwed by tlus Trust Dced, and the Trtutor agrees to pay the same upon demand, and upon failure to d�so, the balance
<br /> of said Promissory note shall become immediately due and payable at thc option of the Beneficiary; (4) spcc�cally confer
<br /> � upon thc Trastee thc Power of Sale as provided in Nebraska law;(5) retain posscssion of the prcmiscs and collect ttie rents
<br /> � and revcnucs therefrom;(6) maintain thc Properry in a cottdition of maintcnancc and repair such that thc intcrest of Trustce
<br /> and Beneficiary are not rcduced in value through WA51C. Failwe to coniply witli any uf the foreguing provisions shall
<br /> � constitute an event of default under thc terms uf this Trust Deed.
<br /> 1 ABANDONMENT OF THE �'ROPERTY BY TRUSTOR. Iu the cvcnt that Trustor abandons thc property, or
<br /> if circumstances reasonably indicate that Trustor has abondoned the Pro�erty whether or not in connection with any other
<br /> cvent of dcfault, BeneHciary shall have the right, following filing of Notice of Default, to entcr upcn the premises for the
<br /> _. . purpose of sccuring the same and for carrying out any othcr mcasures accessary to protectyand prescrve,Lhe_interests of
<br />_ �� � th8 BencGciary in and to thc Yroperty. trustor spccii�caiiy d�CCJ iv uvtu icuatcc nuu ucuc:ii�imy ou�a tLL�.it ..,,.�....�.....,�
<br /> servants and a�cnts harmless for any damages unavoidably iMicted upon the Properry in connection with the exercise of
<br /> rights azising under this Paragraph,and hcrcby waives any cause of action arising thercfrom.
<br /> IUpon paymcnt of all sums secured by this Trust De:ed, the Bencficiary shall request thc Trustec, in writing to
<br /> � reconvey the prnperty and shall surrender this Trust Decd and all notes c�idencing indebtedness securcJ by this Trust Deed
<br /> i to thc Trustcc. Trustce shall rcconvcy the property without warranty to thc person or persons legally cntitled thcreto; but
<br /> if'dcfault bc madc in thc paymcnt of said Ivotc or any�art thcrcof or any af the intcrest thcrcon whcn due or in thc faithful
<br /> performance of xny or eithcr of said a�eemcnts as atoresaid, thcn thc wholc of said Notc shall bccomc due: and bc paid
<br /> as hcrcinaftcr providcd, and this dccd shall rcmain in forcc. Thc Trustcc or his attorncy may th�n procccd to scll thc
<br /> property in its entirety or in pnrcels at the option oF the Trustee, hereinbefore describcd at public auction, to the highest
<br /> biddcr for c:ish.
<br /> � Pap�t Form Boflw�n Dy Automtl�d Hnl Estat�BysUm�.Ino.t•�OO.»0•t1�S �7�i46/N�4i4S
<br /> �
<br />
|