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; I � TRUST DEED 89-* 10 59�.4 �� THIS TqU9T DEED made tn�s___�Q�1-------...day a1.(')�pbp�, 19.8.�_.. between._.[�}�q,�.g--�-�--�nd--jr}Q�C�ttY@t � , C. KlostermeYe%-______ as Trusro�. w��ase adciress�s $.QQ� W- St �AG�—I�AI1�braSka; Cpmrt�t�al Fedsnl Sav�nps A lo�n Assac�atron, whose address Is P.O. Box 1103.Omeha, NebraaMa, as HENEFICIARY AND TRU5TF.E. Mrtxaka. �s BENEFICIARY ANO TRUSTEE. . WITNE�ET1l: T t T or�v s il rrant to TR ST E ! T US wi wer ot sa!e, the following described real pr rt : Lot �" ��1� �� ►�� o� lo� �4, ��oc�s � �n Stewart Plac� subdi�v�s�on, in �he city of Grand island, Hall County, NE. Excapt part deeded to the city of Gr�nd Island in Warranty deed recorded as document no. 83-001150. Ths mtention being tp convey hereby an absotuts Utle in tee 6imple,logether with all bwldmgs.f�etures,improvements and appurtenances thereunto h�brging. Ths TiiUSTQR aovenarna and agrees with the sa�d TRUSTEE and BENEFICURV that ha is lawlully seizsd ot sald premises; that hs h�s pood, ri�At, and litwful authodty to sell and Convey sa�d premises, thi�t edld ptemise9 are free and cbar ot all Uen9 and enCUmlxenGes exCept F. Lu t�,h 1 w A�: 1 d,� L r_�..r��hat TRUStOp will watn►nt and detond the tftle to sai,d premi&�s arto the TRUSTEH and hi� �uoc�s�as and assi�n�lcrever aga�nst the cla�ms ot au persons. FOR TO1E PURPOSE OF SECURINQ pertormance o1 eacl+agreement ot TRUSTOR heae+n containeci and the payment of S pr ep rrwCt�t1�er�ot as m�y bs advanced and outstandrng tro�n time fa time urxier a Revdving Pane of Credit Itqroement and Olsclosure ( gresment)ot �y�n d�M 1►�w;th,�t�initlal rata ot 1�-�sub)ect to ehanga and in�rease As providad in the Agreemero, with aU amounts payable as artd wh�n provided In the A9ree�ment, but in no event later tha� aixty months trom the+date hereof unies�extended by agreemenl. TERM: I may obtAln advances trom you under the terms of th�s agreemant tor a parlod of five years trom the date o1 this agresment. Prior to the end et!ha period in which 1 may obta�n advances you wtll notify me in wntisig i!you intend to renew this agreement or permit me to enter into a new ayNemsrtt. �you do not oHer to renew th�a agreement or i1 you ofte► to tenew and t do not accopt then my nght to obtain edva�es witl end end 1 will 0� roquirtrA io rcpsy my loan balance ptus finance charge and other amounts which may be due on the date shown in my linal billing statement. The maximum teRns ro►rspayment ero ae to�tows: PRINCIPAL OAtANCE MAXIMUM PAYMENT TEliM .OtC� .53,000 18 3.000.01 - 57.500 � . 7.500.01 - t2.000 � t2.000.Ot • 18.000 1� . 18.000.01 • Over 1� The nue�►_ot [oenths I �riU h�ve tp repay wiU be determmed by my balance at the t�me o1 termination o1 my credit line. I wlll be required to ' RnY even morisMy installm�nta based upo++by baiance.interest rate,and term.Trie aan vrn oe amwtizea evar tne cerm assumins v�vt paym�t m�i►riy. ; TM iMKKI�ate may sMl be increased or decreased throughout the remaining term. $MQ psym�M to be appl�ed t�rst on tM paymeM o1 intersst computed monthty on the unpaid p�inC+pal balance and�he remalnder of each to be appt�ed to principal. AII payments shall be made at the oN�ce ot lhe BENEFICIARY, Con�rclal F�d�►al Savinps�nd Loan. P.O. 8ox 1103�Omaha. • NibrNk�p10I. Or at euCh other ptace as the holder may designete in writing. It�S agreed by and between the parties hereto t�at whib t�tte is vested in the TRUSTEE erxl until tilmg ot Notice o1 Default.the TRUSTpR shall: _ A. Retain possess+on o1 the premises and collect the rants and revenues theretrom. � -_ 8. Mamta�n the bu�b�ngs and improvements IoCated thereon in good oondition and ropair And not allow any waste. C. Pay all taxes and spec�al assessmonts levied or assesseA ageinst or duo upon satd premises bofore delmquency.and to del�ver to BFNEFICtARY Cop+es ot reCe�pts showing payment ot such taxes. y t Q. ProCUre antt maintam pol�c�es ot insurance agamst the usual hazards of tuo,ha�l,w�ndsturm and other sim�tar risKs. in sums and underwritte�n Dy ComRames eCCeptable to the BENEFICIARY, wdh toss payable to the parUes as their mterest may apQear. hr'•` �., E. "Pay to the BENEFICIARY. �i BENEFICIARY so requ�res. together w,th and in addition to the regulat monthly payments a6 ptinCipal and interest. on Yhe date set torth tor the malung of the paymeM each month,a sum equal to one•tweMth of the yearly taxes,assQSSmeMS and �.� premiums on any requued insurance m an amount wh�ch BENEFICIARY shall esii�►i8te based upon current deta and reasoriable estim2�s . ' ot future reguirements. BENEFtCIARY shall appty such sums to such dems. ShaR nr�!charge(or holding or applying them, nor pay inter�sQ ta any sums thus hetd.My dtaf�ciency m the amount of aggregate monthly p2iymenSS,inCluding the payments required in this subpa�a�raph,' shall const�tute a detau�s. The arrangements provrded tor in this subparagraph are far the added protect�ar.ot BENEFICIARY,and e�tail no �espons�A�hty on the part o1 BENEFlCiARY. BENEFICIARY may accept ev�dence vt the maintenance of escrow acoaunts by any other prior I�onholder in I�eu o1 the requuflments hereot to the extent suCh other acCOUnts are SCtually m8intamed" FRUSTOR tovenants arW agrees that a fa�lure to make any payment. e�ther pnnaRaa Or interest on the note sea�red hereby when due and payeb�e. a!a tailure to comply w�th any at tRe covenants and agreements herem mado shalt arlse the whote sum ot mqrey hereby secured to become due ar+cf'�ouect��e at once at the opt�on of the BECIEftC1ARY, and BEN�FICIARY shall h�vz the rght to cause Notice oi Oetault to be given artd tfie �remss8�!o C.^,sa�d.:s prav�ded Aese�n. , It �s rt+utFxaliy agreed that A. 'Upo� detautt of TRUSTOR m thp payment at any mdabtedness secured hereby or in thp pe►formance ol any agreement hereunder, BEN�f'IGAiiY may�edare alt sums secu�ed hereby smmed�ately due and payable by del�very to TRUSTEE ot wntten dec�arat�on ot detauN. !t BEN�F(C(ARV des�res sa�d property to be so1d.�t shall depnsd w�ih tFiUSTE�th�s Trest Deed.Tho AgreemoM.and au dacume�ts ev�dencmg e�pend�tures secured hereby. and shall detrver to TRUSTEE�wntten not�ce ot detault and elecUOn to cause sa�d propersy to be so�d �n tha to�m reqwred by Iaw The 1 RUSTEE snau thvreupon procc�ed to exerGSe tho powor of sate. proceed�ng �n ail rc�spects m compl�anco with . - ------ N � � � �� . �� �nt w� � �__ �