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<br />NOTIFICATION OF USE OF TRUST DEED 89.;J00581
<br />TO SECURE PERFORMANCE OF OBLIGATION
<br />The undersigned hereby acknowledges and understands that the document to be executed by the undersigned is a trust dead and not a
<br />mortgage, and that the power of sale provided for in the trust dead provides substantially different rights and obligations to the trustor than a
<br />mortgage to the event of a default or broach of obligation.
<br />Dated and.. executed on the _ �.4 ,. _...._ day of _ ,....EflbTlJ3Ly _ 19.. @8 , prior
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<br />to executitin.of.the followings Trust DeafA. t
<br />- -w - - Char��+..
<br />LCZ. -ti a M. Schmidt
<br />TRUST OtMV
<br />THIS TRUST DEED, made this _ _..____ d'ay of _ February - 1989
<br />by and among Ctlaartes Q- rdt anti f pr atta M_ Sehnjitit,.�tefsbaad and mifa
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<br />whose mailing address 1$ 1821 Nom Hw o�c cX(.'Iffi GM3 1
<br />(herein" Truster" l; and,,, RIRiirii tr;�-_Tracy, attnrne st -7aw
<br />whose mailing address Irate' ice. Wst Koenig, Grand Island, NE 68801
<br />(herein " Trustee')I and. ' Union Ranh & Trust Cn_ of rrand Ictinrtt
<br />whose mailing address is 2W8 No. kmbb Road, Grand Island, NE aM
<br />';herein "Beneficiary").)
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<br />FOR VALUABLE CONSIDERATION, Truster irrevocably grants,iransfers, conveys and assigns to Trustee, IN TRUST; WITH POWER OF SALE,
<br />for the benefit and security of Beneficiary under and subject to the terms and conditions of this Trust Deed, the following'de'scribed real property,
<br />located in County, Nebraska:
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<br />I Lot Sixteen (16), Imperial Village Eighth Subdivision to the City of Grand Island, Hall County, Nebraska
<br />TOGSUM WI*Kali of the followin' 4.'w rether;da* owned or her0-*fter acquired; rents, profits, royalties, income and other benefits derived from
<br />the real iQpr3ryy; all leases or subleases covering:frye real prop8ny or any portion thereof: all interests, estate or other claims, both in law and in
<br />equity in the real property; all homestead exert17'oic :s which are hereby released and waived: all easements, righis•of -way. tenements.
<br />hereditaments; all oil and gas rights and profits, water 'rights; alt righit, title and interest of Truster, in and to any land lying within the right -of -way of
<br />any street or highway adjoining the real property; any and all tuildings. fixtures, improvements, and appurtenances now or hereafter erected
<br />thereon or belonging thereto, (herein referred to as "Improveme t -` or "Improvements "); and any and all awards made for the taking by eminent
<br />domain, or by any proceeding or purchase in lieu thereof, of the whole or any part of the real property. All of the foregoing estate. property and
<br />interest conveyed to Trustee herein collectively referred to as the - Property ".
<br />FOR THE PURPOSE OF SECURING:
<br />la) The payment of indebtedness evidenced by Trustor's note or guarantee I- Note") dated _ February 1 _ _ ___ _` t 989
<br />to the principal sum of *** Fcmtv_Theuaarrf and m /tpD -llf -_ _ Dollars
<br />1$ 40'000'00 )JOrgether with interest atthe tale or rates prbvrdedtherein. and the principal and interest on any
<br />future advances evidenced by promissory notes or guarantees stating they are secured hereby, and any and all renewals. mod,f,cat,on,' and
<br />extensions thereof. both principal and interest being payable in accordance with the terms settorth therein, v+hic h by this references rrade a part
<br />hereof
<br />lb) she t:arformanC& of each agtuement and covenant of Truster herein contained and
<br />(cl The payment of any Sum or sums Of money which may be heroaflor paid oe advanceo by the Benef:c,ar y under the teen, :f th.•; t , :t ,i
<br />together with interest thereon at the rate provided in the Note
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