|
TRUST DEED BR_ 103431
<br />THiS DEED OF TRUST, made and entered into this 5th day of July_ , 19 89
<br />by and betweltn William C. Reakfora and Jsanilns J. +IW*A, Insured Titles Inc. . Tnatttie.
<br />111041 "ad and wife as Joint Tenants
<br />security Pacific Financial Services of Iq&%Apfiry1
<br />WITNESSETH: That the Tnustor does by these presents grant bargain and sell, convey and confirm with Power of Sale unto the
<br />7han aloe follttwitt described Real Estate including all buildings, improvements, and fixtures of every kind now or hereafter erected or
<br />giMW on the cal Cook, situated in gall County. in the State of Nebraska:
<br />Vzoidtiowal Lot d in Fractional Block 3, Bonnie area )addition to the City of
<br />Grand Island, Nebraska and its compliment to Wit: Fractional Lot 4 in
<br />Fratational Block 21 of Niallichs ZAddition.to the City of Grand island,, Roll County.
<br />i Nebraska.
<br />and possession of said prerisa is taw delivered unto said Trugiez
<br />70 HAVE AND 70 HOLD the same, with all rights, privileges, and appurtenances thereto Wonting unto ftTwtlsw0iiiexecutom
<br />adntinistrsaorg, heim and assigns forever. And the Trustor henrhy expressly waives, relmsem and rdirquishes unto bile: Trii t , all right*
<br />title, claim. interest, benefit, and estate whatever, in and to-v1p ::iimve- described premi&m and each and every pair thereof, which is Fo i n .
<br />by or results foam all laws of the State of Nebraska pe i = ` V to the exemption of homestead And the Trustor covenants with the Trustee
<br />that he will forever warrant and defend the title to Ocsame against the lawful claims of all persons- %&omsoever.
<br />iN TRUST HOWEVER, for the following described purposes: To secure full and prompt performance of all the terms and condi-
<br />tiorm of that
<br />❑ Revolving Loan Agreement of even date herewith (including particularly, but not exclusively, prompt payment of all sums
<br />which are or may become payable ftom time to drone thereunder) and any extensions. renewals. modifications or refinancings, thereof.
<br />which Revolving Loan Agreement oblgptes Beneficiary, subject to the conditions stated therein, to advance to Truster up to
<br />5 , plus finance and other charges. (or1
<br />® Note of even date herewith, in the principal sum of U.S. S 7125.21 payable iii monthly installments of principal
<br />and interest, with the balance of the indebtednemm if not sooner paid. due and payable on July 10 I9 95
<br />It is agreed by and between parties hereto that until filing of Notice of Default, the Trustor shall: (1) pay all present and future
<br />tam and assasanents, general and special. against said property before tore same becomes delinquent or actionable. (2) keep all tmprove-
<br />rriertts erected on the land insured as may be required frofn time to time by beneficiary against (dss.#ry fine and other hazards. cawalti a.
<br />and contingencies. in such amounts and for such periods as are reasonable and may be required by beneficiary, and to keep all policies:
<br />of such insemace in force or effect upon the property herein described constantly assigned and delivered to beneficiary. (3) pay and",
<br />cMVly witt.4 the terms and conditions of any lien. claim or indebtedness that may be senior to 111• take precedence over this Trust
<br />Dead as soon as any such payment on or of such Gen, claim or indebtedness shall become due: and 'upon failure of Truster to keep
<br />shy said agreements. beneficiary may pay such tax, pay for such insurance or pay off such liens dri claims or indebtedness as the case
<br />nay be. and the nioney so expended. with interest at 9% per annum. shall be secured by this Trust Deed. and the Trustor agrees to repay
<br />the same upon demand. and upon failure to do so the balance of the attached note shall become immediately due and payable at the
<br />option of the benerkiary: (J) specifically confer upon the Trustee the power of sale as provided in Nebraska law: (5) retain possession
<br />4' the premises and collect the rents and revenues. therefrom
<br />7
<br />Upon payment of all the sums secured by this Trust Deed the Beneficiary shall request tits Trustee to reconvey the property and
<br />shall wArrender this Town Deed and all notes evidencing indebtedness secured by this Trust Deed to the Trustor. Trustee shall reconvey
<br />the property without warranty to the persnn or permins legally entitled thereto: but if default be made in the payment of said note or
<br />any part thereof or any of the interest thereon when due or in the faithful performance of any or either of said agreements as afom-aid,
<br />then the whole of said note shall become due and be paid as hereinafter provided. and this deed shall remain in force: the Trustee or
<br />M attorney may proceed to sell the property in its entirety or in parcels at the option of the Trustee hereinbefore described at public
<br />awtx n, to the highest bidder, for cash. However• the pu%er of safe herein conferred upon the Trustee shall not he ekerowJi until t I 1
<br />the Trustee OWI first file for record. in the office of the register of deeds of each count) wherein the trii.t priipert_' or scime part or
<br />pared thorns{ is situmed. a notice of default, identifying the Trustee by stating the names cf the Trustor and name+ thrercin and gi%ing
<br />the book and pore where the same is fmordod, a description of the trust property. and containing a sta*entent that a brea0l ,ref an oNipatton
<br />for •Molt the trust property was conveyed as security has occurred. and setting f +girth the natute; of sudi Ere uh aird of his election to
<br />"'ll or CirwW to he sold such Priverty to swisify the nb#igaticln: dries 121 after the lapse Of 1`14.4 l €vs than one nr vwh tlr: Trustee still! gme
<br />notice of uk as prrwrded M %tbrnka f;x*► After notice iA default and lapse of not less thali flag rmulth. flit: lila5te" siisil gise written
<br />110110t itf the hone and pie of sale rklrilcular)) describing the rti perty to be sold b) puhliratl, +ra i+f -itt'i fulhl:c. •!t I €a't file onto".
<br />tlMC a ratio fC4 file ctHe^Lh;'t %ccAs. the list puNication to ore at feast 10 days but ir
<br />r14t me than 30 &,-6s prior tt+ the -alc in sotne
<br />ticvt4uptr IsAtif4 i g�cnerel ti:il:l�h:dl in ehtl c.oullty in %imli the prtrptrty tit tv told, or ..hole f +pit the- real_ ii N.- Allated Utxri'tlr;f1
<br />,41< tire Trustee Owit execute anti Cf:?;: .* a kLed o :,vn, cwt!ce tai 1Pe prt?rrn- .,7:a ;•1 the purcha; tit rllfr':1t_.ser, tn:rem, a r,,t .1:11
<br />,.1A1trrW,it itr r.lotat 1 •f rats tr: ,, jilt uPr1l 1 t,+ tl'z Ck Trvri -t it: tt:e riict;r t,f ,t''e -M k,sle .`f if -, pf•+,r;ttt ('r ;t .'lit£6t fl,orcir 1` :Jt1%l1rtg
<br />a' 1T'r1 - " "Jr, M.', r[.il .!i: ".t �'t The tht PO'_- !, , i ,1:'i t 4 i 1rig
<br />�
<br />. ,. •!.,,� e:; -ia' ar. -.t t''�t..•!t.ttrv! e•f t..'� .•r1� k'.:.Fi !fy yl..i,+c,•111 t1' .., loot °_ rtln..r .... t• ,t::• ;r,•i .�.,.c� u` ;(t:.. ...tr::! . . , 11•.'.. , y cl:r+e.0
<br />r1;£.y.,,! . . IA1':'r „f ��•...1 tSilL ru: ;l ak_'r1 a-1 £:al.q�.t':'., +tl, :'h t Ir 1�__ at: th 1' :.:;t .: tY; f .,ir 1 R
<br />•.f t, i ^ ° u YLt � !�� + i r.1'C +, 'R;,
<br />
|