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<br /> • 76- 001092 .i1i,)1e
<br /> TRUST DEED ,
<br /> THIS TRUST DEED, made this 24th day of February. 1976
<br /> ;: between REALFACS ABSTRACT AND TITLE COMPANY. INC:
<br /> P. hereinafter called TRUSTOR whose address is 1124 North locust
<br /> ;'' Grand Island. Ne. 68801 , F. S. Casement Attorney-at-Law i
<br /> "z as 'TRUSTEE, and American Savings Company, a Corporation organized and existing
<br /> under the laws of the State of Nebraska, as BENEFICIARY,
<br /> s, WITNESSETH: That TRUSTOR CONVEYS, SELLS AND WARRANTS TO TRUSTEE IN TRUST, WITH
<br /> POWER OF SALE, the following described property, situated in Hall
<br /> County, Nebraska:
<br /> A tract of land comprising the Southerly 66.0 feet of the full lot described
<br /> as Fractional Lot 8 in Fractional Block 104 in Railroad Addition and its
<br /> complement to-wit: Fractional Lot 8 in Fractional Block 104 in Koenig and
<br /> Wiebe'a Addition, all in the City of Grand Island, Hall County, Nebraska,
<br /> `i" excepting therefrom said tract a tract of land deeded to the City of Grand
<br /> Island, Nebraska and described as follows: Beginning at the Southeast corner
<br /> of said full Lot a distance of 10 feet; thence running Northeasterly a distance
<br /> of 21.07 feet to a point on the easterly line of said full Lot; thence running
<br /> Southeasterly along the Easterly line of said full Lot a distance of 18.55
<br /> feet to the point of beginning fa244Xxxgiiiiii; Grand Island, Ne.)
<br /> 320 South Walnut,
<br /> The intention being to convey hereby an absolute title in fee simple, including
<br />• -` all the rights of homestead and dower, together with all buildings, fixtures,
<br /> '~ improvements and appurtenances
<br /> p thereunto
<br /> i;
<br /> -,t The TRUSTOR covenants and agrees with the said TRl'STEE and BENEFICIARY that it
<br /> i` is lawfully seized of said premises; that it has good right and lawful authority
<br /> A' to sell and conveysaid
<br /> premises, that said premises are free and clear of all
<br /> % liens and encumbrances except liens now of record and that TRUSTOR will warrant
<br /> - • and defend the title to said premises unto the TRUSTEE and his successors and
<br /> assigns forever, against the claims of all persons,
<br /> 'x? FOR THE PURPOSE OF SECURING performance of each agreement of TRUSTOR herein con-
<br /> 1.7 tained and the payment of the principal sum of Two Thousand One Hundred
<br /> S4xPir ,n,t A7/1n0__--(S7 160 82) Dollars
<br /> as evidenced by a promissory note bearing even date at the rates of interest pro-
<br /> vided therein; both principal sum and interest thereon being payable In monthly
<br /> installments at the times and in the amounts set forth in said promissory note
<br /> reference to which is hereby made, at the office of BENEFICIARY in Omaha, Nebraska
<br /> or at such other place as the holder may designate in writing, the final payment
<br /> of principal and interest, if not sooner paid, shall be due and payable on
<br /> l.' February 24, 1977
<br /> It is agreed by and between the parties hereto that until filing of Notice of
<br /> Default, the TRUSTOR shall
<br /> A. Retain p ion of the premises and collect the rents and revenues there-
<br /> from. B. Maintain the buildings and improvements located thereon in good con-
<br /> dition and repair. C. Pay all taxes and special assessments levied or assessed
<br /> • against or due upon said premises before delinquency, and to deliver to BENEFICIARY
<br /> copies of receipts showing payment of such taxes. D. Procure and maintain poli-
<br /> 1. cies of insurance against the usual hazards of fire, hail, windstorm and other
<br /> similar risks, in sums acceptable to the BENEFICIARY, with loss payable to the
<br /> parties as their interest may appear. E. Make all payments of interest and
<br /> • principal and other charges and fees and expenses contracted to be paid to any
<br /> existing lien holder or prior beneficiary under any prior Deed of Trust, before
<br /> ,i, date they are delinquent. F. ----
<br /> In the event that TRUSTOR shall fail to procure such insurance or to pay such
<br /> taxes or to make such payments to such existing or prior lienholder or beneficiary,
<br /> the BENEFICIARY may make such payments and the sums so advanced with interest at
<br /> ,t the same rates as are provided in said note, shall be paid by TRUSTEE and thin
<br /> Trust Deed shall stand as security for the same.
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