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<br /> _ .. - � _. . `�` '�R�J�T DEED �
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<br /> . '.``�`{` , . ` ` 'IgIIS TRUST DEED is made and entered into tLis 14th day of dan�ary', 1�19 by and beiweea Reis Constractlon,�� ��
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<br /> . .;, Inc., TItUSTOK, wheiher one ar moze; aud 1Ycnr Tiite Insurance Comg�ny, TRUS7'EE; and ]t:ffrey Oa1c�. �nG+ �
<br /> . : ��`. '�'e f _ _n .� BENEFICII+RY,whether one or mose. �`
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<br /> ; _.r.�;� � , - _ se convey aad confirm unto the Trastee, �;:
<br /> `, �: ;::.��,_ . � W1TI�tE.SSETH:That the Trustor does by these presentsgrant,bargain. 4
<br /> ``.�' '.: i wiih Power of Sale,the follo ' g-desa�ed real e.uate iadudmg all bu�dings.improvements,and fistures of every kind now C
<br /> — w.; �'•�' �l �
<br /> — , '��:- . -- .�;,'- or hereafter erected or�placed on the real estate sitwated in Hall County, Nebraska, desrn'bed as:
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<br />�f.i. . .'.�Y:=:Y�-• . . . . � - �; �
<br /> -- - :, Lot Fortp-flve (4�.JelUeS' Ositv Sjxth Subdivision.in We City of Grand island,Hafl Coanty,Nebraska �•-
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<br /> .. 4, '• �• � In the event of the sale,transfer or coaveysince of the above-descn'6ed propert}+to any third party,aD sums secured -
<br /> �=. ���,;; � hereby shall be at oncc due and payable. _.
<br /> , =,:' . .. _ TO HAVE AND HOLD the same, with all rights, privileges, and appurtenances thereanto belong'�ag, uato the
<br />-��� ` `':;� • ' �. . ' Trustee, his executars, administrators, he'us and aui�ns forever. And the TrQStor hereby expressly waives, releases,and
<br /> - �.k--`... . . .
<br /> - .. „t , � `' reFwquishes unto the Trustee aIl right, tide, claim, interest, Benefit aad estate �vhatever, m and to the above descdbed
<br /> ` �' � premues and each and every part thereo�w8ich is given by or results hom aIl laws of the State of Nebraska pertainia�to
<br /> ' '� ` the exemptioa of homestead.And the Trustor covenants wrtb!he Trustee that he will forever vuarrant and defend the Ude
<br /> , ,:_.•.
<br /> ` ..,';''�' ` � . to the same against tlie lawful c}aims of all persons wkomsoever.
<br /> ' y� '�� , � W TRUST, HOWEVER, for the following described purposes: WHEREA►S. the TnLStor did on this date execute
<br /> �+' .F:. _�;. . , . 0 0 0.0 0 an d in teres t t hereo a a c c o r d i n g t o t h e t e r w s o f s a i d
<br /> a Promissory Note evidencwg a loan for the prinapal sum o f 522,
<br /> .',; : •-.;`�r',`� , ; Promissory Note,being payable in monthly installraents at suc6 place as the Beaefiaary may desigAate iA wriiing&om time
<br />—..3� '-•.'"`,�' . �, , se�ms�due and owing under theperms of s d No edshaU be paid oa the 1 t day of Msuch,Z 00. �n�'�not sooner paid, all
<br /> _ ... ��;=.:. .. . ' .
<br /> " ••. +� In 1he event oi default, Bene�iciar�s remedies shall aot be limited to those provided for herein. This Trust Deed
<br />_ � �•'+��"� �, may be foreclosed ia the manner perscribed by 1aw for forecloswe of mortgages.
<br /> .. {. ,`- •
<br /> � IT IS AGR�ED by aad beeween the pazties heseto that thc Trustor shall:(1)pay all preseAt and futor�kt� �
<br /> `;r.�.' ' assessments, general and special,a°�t said property before ths same become delinquent or aciionable; O p
<br /> - :`'::x�.: " .. unpravements ereded on the land msurcd as may be required fram time to time by Beneficiary ana, +��t loss by fire and olher
<br /> • � :,.:° hazards7 casualties and wntingencies,in such amounts and for such periods as are reasonablc and may be required by the
<br /> Benefic�ary, and to kecp all policies of such inswana: ia force and effect and delivered lo thc Beneficiary, and naming
<br /> �Y•��,- ' ' ' Tnutor and Beneficiary as loss payees, as their interests may appear;(3)pay and complq with all of the terms and conditions
<br /> ' - ' •_'}.;; • ' � . 'j of any lien,claim or indebtedaess that may be senior to and take precedence oyer this Trust Deed as soon as such payrneat
<br /> on or af such lien,claim or indebtedness shall become due;and upon failure of the Tn�stor tu keep any oF said ageements,
<br /> ��-_ : � •j the said Bcneficiary may pay such tax, pay for svch inswance,or pay off any and all such Gens, or indebtedness as the case
<br /> •. � s�: � may be, and moncy expendcd, wit6 intcrest as provided by the terms oi the aiorementioned Promissory Note, s6all be
<br /> -- ' ��� �� � ; sccured b y this Trust Deed,und the Tnutor agrecs to pay the same npon demand, and upon failure to do so,the balance
<br /> �:' � . .� of said Promissory note shall beeome imme diate ly due an d paya b le a t t he o p t i o n o f t i�e B e n c f i c i a ry;(4) s p e c i f i c a l l y c o tt f es
<br /> � ' � i upon the Trustee the Powcr of Sale as providcd in Nebraska law; (5)retain possession of the prem�ses and collcct the rents
<br /> ;.`;.�. . . •! and revcnucs therefrom;(6)maiatain the PropeRy in a condition o t maintcnance and repair such that the interest of Trustee
<br /> •- , � and Beneficiary are not reduced in value through waste. Failure to comply �vith any of the foregoin� provisions shall
<br /> ;'� � � • ; cunstitute an event af de(ault under thc tcrms oF this Trust Deed.
<br /> .�.;:. ;
<br /> ABANDONMENT OF THE PRUPERTY BY TRUSTOR. In thc cvenl thal Trustor abandons the property, or
<br /> :'��� � � � if cireumstanees reasonabty indicate that Trustor has abandoned the Property whether cn not in eonnection wit h any o t her
<br /> ' event of default, Bcneficiary shall have the right, [ollowing filing of N��tice o[ Default, to cntcr upon the premises for thc
<br />" • purpose uf securing the samc and (ur carrying out any other measures nccessary to protect aad preserve the interests of
<br /> �,, � the Beneficiary in and to the Pruperty. 'I'rustur spcci�cally a�rees to hold Trustee and Beneficiary and thcir employees,
<br /> '� ! �^..���' .crvants �ina ae�.nts harmless fc�r any Jnmagcs unavoidably �nflicted up�n the Property in ce�nne:.tian with the cxcrcise of
<br /> �_ ,,,�,�...,.
<br /> •� . ri�hts atising undc� [his Para�apn,and hereby warves any cau�e o�actiun atising iiurw�uu�•
<br /> . . � _ Upon paymcnt uf all sums sccurcd hy this Trust Dccd, thc Bcncficiary shall rcyu�sl Ihc T:ustcc, in writing to
<br /> ' ' rccvnvCy thc pn:perly and shall �utrendcr thi�7rost Uecd and all noteti cvidcncing�ndcbtednest sccurrd by lhis Trust Dccd
<br /> � ' tu th�; Trustce_ 'frustec tihall r��cc�ncey Ihc property t�ithuut watranty to thc person or personti Icgally enidled [hcreto; but
<br /> ' if dcf�ull hc m.idr in th� p�i}Tnent ��f s.�id ���te ur any part thcre��f or any uf the mte:rr�t there�m whcn Ju:: or in thc faithful
<br /> � _ ....t,.rrr,.�nrr �.( ,nw „r rrther e�f .aid dKrecments as .�(urctial�. th�n the uh�,le uf e.�i� \utr ch�ll h�rci�me du� �+nS hilpiid
<br />- ' ��. hcrr�;�.dl�r piu�tJ�J. .ind Ihi, JrcJ shall r.m,�in rn tnrce 1 hr Tru��rr ��� h�, nii��n�,,. n�.�', then �,:.:.:_d :• _.. ....
<br /> - nn,na'rtv in it� inl�ccl� ��r in p�rc�h al the i+pl�on nf thc �Tru�tce. hrrcinhe(c+[e dc,cnh�d aI puhlu eucliem. tu th� hi�;ktr+[
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