|
� FT _ ,_�: _ .: : ::�.i
<br /> .:. : . . � _
<br /> . ,.
<br /> s„jd..F `` L �J:. ��. ' �� � yo.i�..� ` "". * �` �h� .
<br /> �
<br /> Y�7F..NLS� � . .' 'i . _�I- .. 7.�4t ... ., ' SGf ' .- 4 : S"��h Y':� Vt' � t_;
<br /> - . 'ti� ss � i. . �.�_+c. �_cir' „'�' - . C j,-v-c .�- _ _.4 �"i4 � CT ,¢�- �-� ��` �l� _ . �Y p�__;:
<br /> . . �r . .� t ti- { - �� .'. b • - �h Gr .` s' � ��1 <� 4 Y-�c._ k. ,k t .rF �..
<br /> i��y� e+ �-n �r`, � + - -
<br /> ..�F�` i ;c�=.::�� .� y f p� � � �t� -,-� �i: `} "� .�;C< " ''c-� _- _ ��..-.'`�:�.. � . ' c F t .
<br /> - �. -. ��_ .t - .r..c •.r-�'" �� � � '
<br /> � 1
<br /> � � ;c f"�''� 99� �ll���.7 -� " YN c,��-.
<br /> 4� ro. .x �����
<br /> - c�. •: i ..•'
<br /> h.,h yY
<br /> ; ��� (c) The repaymartt in tuil o!all amowsta advanced by Benefiaiary at its opUon,as protective advances sut�orized herein,in the loan agreemzntlsl. t <;
<br /> �F .�..-c; _� -uch advanees.Plus interesc on ali such advances.PaY�le as prwided in the notelsl,toan agreemertttsl. ! ' ��`�:-�
<br /> �. •. if�� or m othar instr�meisi(sl which evidenea� .-,_,;,_•:,-:...c-�_
<br /> �r��:`-' °k oc othet insVUmerttlsi.
<br /> `� Y- td) �QaYme�in tull of any and NI othe►past.Gres�►t.o►fuwre,direct or�ntitingent,debts and tiaDilitiea of Tnistorlsl or other makers to �� .�� r r -�
<br /> `- Benefieiary ot any nature whatsoever. • '
<br /> 0.j`. � .. ` 4 .-
<br /> s . •,. This Trust Dead wi11 be due Msrch ib.1898,w upon the paymeM in fuil of ali sums sedued hereW `s
<br /> .i. {�- �f��`r s �
<br /> .:f, Tnistor4s)heieDy wanaMS tl�at Trustor(sl hotds fae simple titte to the above desuibed ProPertY.�t Tn�or(sl�+es 8���lawhil authorttl/� � s� :
<br /> <;� t r•.. deed and eneumoer the same,thet tde P�aP�V�h�and dear of ait Uens and encumbrences,except enuimbrances of record,and that 7rusto►ls) l ;,
<br /> '£ e,. <<�.•. wiU wartant and detend the pro9erty.at Truswr(s►expense,against a(i claimants wnomsoever. Trustor(s)aiso herebV waIves and refin4uishes all �t .,�Yz r
<br /> �" �.�: - rights of dCwer.hame.gtead,diatributive share,end exemPUon in anQ w the a6ove described propertY• . . _µ,,°.1 x.r
<br /> +t.,; r
<br /> z TrU52o�Ie}e�lA 68M of tltem tUrt119I eovene�tis end 8g�ees With Benefldery es follaws: t� t� t `
<br /> �' �-s-� 1.Ta pay tNt liens,i�menta.or other assessments a8ainst the AroPertv,and tn pay when due aii assassmeMS,taxes.rerts.tees,or charges upan t_ �.
<br /> °�r`'_ d�g Pro B�Ly ot,undet etty leese.Permit.Gcense,or pnvitege assigned to 8eneficearY as additiona{secutiiY to this T�u:,t Deed.indudi�g thuse in cr s __�� ;'
<br /> ,._.�-� on pub�c domam.
<br /> :_.�h =:� : 2. To insare and keep inswed 6uildinga and othar improvemerts induding Catures and attachments now an or hereaite►piaced on the propertY to 4 P':�
<br /> .:��- • o:4.:> t1�e saUstacdon ot Beneficiary. Such inwrarnce wiil be approved by and deposited with Beneficia'N.and endorsed with Ioss paYeble clause to .
<br /> BenpfiCiBry. QnY sums so received by He�efieiary may be used topa v for reconstruction at the�tesuoyad improvemerns or it not so apphed�naY .. .:,,}r..� ...:
<br /> � , - � � be appfied,at the ophon of Beneficiaql,in paYmerrt of any indebtedness matwed or unmatured secured by th�s Trust Oead. � ; �.
<br /> � ;_�t� 3. To keep afl bwTd(ngs,fixtures.ettachme�,an6 o4her improveme�ts ncw cn or hereatter placed on the propetty occuD�ed and in good repair, ,�.,:_ t :
<br />�; .�'<�.. � �e.% maiMenanee.8nd condition and to neither commit nor permit any acts of waste rtr a�ry impaitmetrc of the value af the PropertY. Be�eficia�►MeY :J::='_,- - -
<br /> etttar uPO��prrooertY to inspect the asme or to rtorm any ac�authorizeA hereip or in the foan agreemeni(s1� F.f�';!'�.ar.,..
<br /> � ':•�2' 4. (fl 1f18 HV8t11 fUStlK�gi talts to peY enY tiens,t�$��•�mertts,tazes.rerrts,fees.or cltar$es or maimam any irqutaace on the ProP�Y. �`- ;.�- -_.
<br /> ` F � '�.; buildtn}�s,fixtures.attachn►errts,er improvemee�as provlded hereinor inthe toan�eeme�tts).Beneticis�1I at its optioq.may make such Pal�►'� ,�t a r •-
<br /> or pro�Qe insurance,mai�nance,or repairs and anV amoiyrAS P�►d��tor mntl ecoms part ot the principaS inde4tedness secured hereby,be t ix �
<br /> ;��• immed'mtety due end paya6ie and bear irtterest et the defautt rete prowQed in the notet�trom the date of payme�u�i paid.The advancemertt bY � �{+,
<br /> '-;L .•� , Beneficiary ot en such amounta wm(n no manner limrt the right of Beneficiary to deCtare TrustOr(s1 in default at exercise enY of Beneficiary(s otfiet F_ ; r;_,
<br />� � '.,`� 8�In d�f 8 event�Be�rieficiary is a party to anY Cttigation aHecting the Prapeny ar t�e Gart of this 7rust Deed,inctuding any action Dy Benafleiar�to :�, ��y,
<br /> � �A, :!`'� ' eMorce thls Ttust Deed or any suit In which BeneficiaN Is named a defendaM(inctuding condamnanon and bankruptcY Proceedmgsl 13enefimary , 5
<br /> ..:.� ::` :'4:i:� may incur expenses and edvance PaV�ie�s for absuact tees,attomeys tees lw the exte�t aflowed by lawl,cosls,ext?enses.ePPraisa4 fees,and
<br /> � .----
<br /> r,� f,-;�� other charges end any amouMs so advanced wiU become paR of tfie principal indebteQness secured hereby.be immediately due and payabte and i , �,
<br /> y��� 6ear interest at tl►a defeutr rate provided in the notels!h��+e dats o}advance urtal Oaid. .. <
<br /> ` 4 '����, 8. Acry awarda made to Tnstor(al or their suecessora by she exercise ol eminer►t domain are hereby assigned to Benefleiary:and Banefieiary is _ —
<br /> � �,-t- herabY authorized to coltect end apply the same in paymertc of enY�ndebtedness,mature or unmatured.secuted b9 tE►is Trust DeeO.
<br /> '�=} 7.tnttis eventof defauft in the payment when due ot any sums secured hereby Iprincipal,iMereat,advanceme�rts,or pfoteCUve adva�cesl,or tailure '' ,y H,�...
<br />' � �' ��•f- tope rtarm or observe anY covenerts and condtttoas contained herain,imthe notelsl,toen agreemesuEal,or arN other insuumeflte,fl�e�V Q�iend •'' � `
<br /> � , is 6rougM under any Bankruptcy lawa,Beneficiary,at its aption,may dectare the e�rore mdebtedness setured hereDy to be imm� � ��:.—.
<br /> .y. �.�.
<br /> vided in the note(s)and Beneftciary may immadiate nuthorize TrusOee w exercise L;"
<br /> ��i;�°• paya6te and the whole will6ear mterest at�e defauK rate as pro
<br /> :�:• --
<br /> r z,, the Powar of Sate gra�tted heram'vr the manrler Provided in the Nehraska Trust Deeds Act,ar,at the opUon of the neficiary.rt�ay foreclose the �t ' �
<br /> Trwst Oeed in the manner prov�cted by taw for the foreelosure of mortgages on real property,indcd'm9 the ePPa��tmert��a Receiver upon ex parte F
<br /> * - z .#.:�5`� app1'�cadon, noUce being hereby expresshl waived, without regard to the value of the praperty or the sufticierrcly thereol to d�scharge the 1 ", -
<br /> ,�,y,_ inQebtadness seccaeA herebV or�n the ban agreemertt(s1. Oelay by Ben�ciary in exercising rts rights upart dafauft wilt not be consuued as a waiver �_
<br /> � r �W r t h e r e o t a n d a m r a c t o f 8 e n e fi G a ry w a►�ng e n l/ ifled defautt wil{aot 6a const+ved as a walver of arry firture detault. If the proceeds under such
<br /> r ' �:'-;. sale or toteCbsura are insufflcierrt w paY t he tot indebtedness secur e d here b y,T m s t c r l s►d o h e r e b y a g r e s w b e p e r a o n s t►Y b o u n d t o p a y the u�paid �fi J�`�_J:�`'
<br />,. .; t. 6alance,and Beneflciary will be e�itt e 0 w a de fl c lency la d gmer►t ---
<br /> Y � S. Should Bensficiary eteet to exerc+se the Power of Sate g�eeted herein,Beneficiary will nodfy Trustee who will record,pub►1 s h,an d de l i v er w �,'. —
<br /> �,y�` Trustorts}suct�Nadce of Delautt and Notice of Sale as then required by law and wilt m the ma�ner provided by faw,sall the D►oP�Y��time ,
<br /> ,:.�:. and placa of sa1e fixed inthe Notice of Sa1a either aa a whole or in separate�ots,parcets,or items and in such arder as Trustee will deem expedlent �
<br /> - Any�persan may b i d at t he s a te i n c t u d i n g�r u s t or(s!.Tnistee,or Beneficiary. : `�
<br /> ' .',.;�"• g, T�usmrlsl herebll requests a copy of any Natice of Oetauk or NoUce ot Sate hereunder to 6e nla i t e 0 by ce�e d[h e7 t o T t u s t o r(s)�1he ; F,J __
<br /> ti �"{' � r ��°•,. a ddress tesl set forth heretn. �_
<br /> _ .- ���,°. t0. Upon defauk.Beneficiary,either in person or by agent,with or w i t hout bringing a n y a c t t on or proceeding and with or without regard to the vatue
<br /> ' o!the property Or the sufftdency thereof to discharge the inQehtednese secured hereby,Is authoriied and entitled to er►ter upon and take poesession .,�:,f:.
<br /> � � � of the propeRy in its own name or in the name of ttie Tnistee and do any acte or expe�d any sums it Qeems necessary or desirable to protect or
<br /> � � r �f�;: reserve the vatue of the property,or a ir►terest therein,or increase the income therafrom;and wfth or wlthout taking possess'�on of the pcoperty ,; }r u
<br /> " �i ;:� �s authorltad to sue for or ou�erw�sv cn�iecr thw rersrs,issues.croDS.O��f+� �;n���ereoi,inctuding those past due end unDaid,and aDD�Y _
<br /> u� �
<br /> the same upon any indebtadneas secured hereby or in the wan agreeme�tlaj. p
<br /> � � 'y ��� No remedy hereln confened upan or reserved to Trustee or Bene t iciary is irttended to 6e hxclusi�e ar now or here�attedi�stlng at Iaw or In aquitY =
<br /> � • .� : or permitted,but eacA will be cumutative,witl be in addition to every other remedy ghre �� ,
<br /> or by ataWte,anA may be exereised concurrentfY,iadependenUy or succesaively. •_ _
<br /> ` � ���. 11. Trustor(e�ecknowfedges that the duties and obligatlans of Trustee w1116e determined solety by the exPress pons e�are s0eciftcall�yaet ford► -•
<br /> '±`�� �:r+'. • ;::,';r' the Nebraska �Oeeds Aat and Trostee witl not be liabte eacept tor the pertormance of such dutles and obltgaU .._`::SF:�
<br /> � �:f. therein,a�no implie0 cwvenanta or obHgations will be imposed uDOn Trustee;Trustee will not be tlabte for any action by it in goo0 fatth and �
<br /> � reasonabry believed by ft to be authorhed or within the discreUon or rige�a�g0a8 e�a�or d�e obliga8o s�seoured hereebey.a 8hou�tdeTruwatorta)sell. ��
<br /> `', ��, 1Z. The integrity end responsibilityr of Trustor(sl cansNtutes a part of th
<br /> usnster,o►convey Me propeRy descrihed hetein,witAout prlor written cortserK a1 Beneficiary,Beneticiary,et its opUon,may Cectare the endre J:; �
<br /> y ' ^; indebtedness 1mmeQiatery due and payabte and may proceed In me antorcement of ite rights es on any othar defeult.
<br /> 13.Assignment ot ReMS including Proceeds of Mineral Leases. Trustorls)hereby essigns,Vanslera,and conveys to Beneficiary all rente,roy,alUss. _
<br /> �';���.= bgo�nu9es,an0 dela �noneys or other proceyeds that may hgom time to tlme become due and pagYabte under amr real estate lease or under enV oil,gas. } +`�
<br /> ;t'�.' tRe p opertY oi atry paR the�reo�Qll euCq suma so received bYeBe�eficiery wUl b0 epDl�ed fo tfie indeD ed�iss s eu ed hetebV:�Benefl iC ery,agt _-
<br /> ` ��z;, tta opdon,may tum over and deliver to Tnistor(s)or thel►su�ccessora in i�terest amr or ef1 ot sucb sums whhout Dre;udice to any of Beaeflcla�s
<br /> tights to take and tetain future sums,and withoutpreJudiee to any ot its other r�ghts unQet thls Trust Oeed. This assignment will be construe to ., , .`
<br /> ' " be a provislon tor the paymern or►eduction of the debt,sublect m the Beneficiary s optlon as hereinbetore provided indeper►dent of the tien on the .,
<br /> • ' ' `.��:`�r• property. Upon paym� e n t h+f u t l o f t h e d e b t a n d t h e�e c a n v e y a n c e o f t his Trust Deed of record,this assignmertt w11I beeome inopa�ativQ end of no : ..,,:,I..`-.3
<br /> futth9t force et�0 efteat
<br /> t4. '/tila Ttuat Oeed constitutes a SecuAty Agreement with respect to all the property describeA herein. ��'
<br /> a ' ��. - 15. The covenants contained in thts Trust Deed wi11 be deemed to be severabte;in the ovant that eny portlon of this Trost Deed�is determined to • �
<br /> , be void or unentorceable,that determination will not attect the vahdlty ot the remaintng portions of the Trust Deed.
<br /> , ... . . �'o�y'J 1�!6�`� / '" �'✓�' ' r:
<br /> ', r Y,�` � � .
<br /> ,::- . . . . �a , �E�� -- -
<br /> _ :.•_� ;`:,� �� ..�..
<br /> ., , INDMDUALBORROWEttACKNOWIEOaMENT
<br /> :". „ .. • . �.�
<br /> �'�,� • _ . . � STATE OF �RASICA � � �
<br />..� i • •' �" :':' COUNTY OF H�'1' 1 � .
<br /> ' ' � '�~� On ffii9 215t day Of �"'�eY ,t8 9R ,betore me,a Nute�y PuL�ic,pttsot��th�appoared •
<br /> :.{�. �. . ' Ronald W. Schroeder and Kathleen M. Schroeder, husbanc7 and wife • ;
<br /> .. • '�..i• to me known to ba the personlsl named in and who executed the toregoing instrumont, and acknowledged that they executed the samo as � ,� �
<br />..:i,�' . . .
<br /> ; theii �ofuMary aot and deed. �
<br /> �,}��:' . " • � Q@{��OUIH1f-SIat9 01 NeD?38Ka � � /� : ' '
<br /> ISEALI �ltOAI�ORN `S.L�o� ��'s�-°=�°�
<br /> . . . e� 6�i��OD.FeA19.� • •
<br /> �
<br /> ' IType anme undtai signatuiel
<br /> _ . - - . .- �-�9'„Z�O],_, Notary Publit in and tor said C�{Aw anA Sfatw .,,.i -- -
<br /> � , My commission exp�res , �
<br /> "..��_. . _ , t
<br />_ �.jy. -, . . . . . • ' -'% '�;r•t _ _ �.r IY :t`K'��.�.���...�. � '. .
<br /> ' .. � � . ._�..--+ � . .���.Yr��.� . . - .: .� •
<br /> . . V . - i+►J!� t+-..�'13 .
<br /> ��=j1. � r ' L.�4 _--�_-.._-._...• ~ t ` 1��� .+ �._� ' ' , .
<br /> ,;`�i.- � • .. =� Ap u:00155325; Primary Customer ID u:00075516: CIF a:79718 Legal Doc.Oate:December 21. 7998 . :�
<br />° �. • � . ��� FOF�M 5011.Trust Deed and Ass�gnment of Rents Page 2 �: -
<br /> .:j . . ,
<br /> ii - .
<br /> ' -
<br /> . . .. .r�-�_�
<br /> � � • • . - " -- '. ' � . --_
<br /> 7 ' - �� . _ ... .,._._..... .. .... . ._ .,� ... . _ . . i. {.
<br /> �__. �, _.
<br /> ...
<br /> .. .. . . ..r. ., .. .
<br />�:. ..i- . . . . . . . . _. . � - __ ___ _
<br /> . . . . . . . ... -.
<br /> . . ..-. . . . .-..'
<br /> .. . . . . .. ..— .... ... ....v..... .a..,r....J'i..�......r.w....--. _ . —— _— _-- —_.
<br />
|