200408105 - Laserfiche WebLink

Browse

M n n a c n =C Z �• c °? cn Q DEED OF TRUST THIS TRUST DEED made this 13th day of August , 2004, between MICHAEL D. OBERST and NICOLE R. RST, husband and wife, as TRUSTORS, whose address is 1143 S. Lincoln, Grand Island, NE 68801 JOHN M. CUNNINGHAM, a member of the Nebraska State Bar Association, as TRUSTEE, whose address is 222 N. Cedar St., P.O. Box 2280, Grand Island, Nebraska 68802; and REYNOLDS & ZISKA, INC., a Nebraska corporation, whose address is 239 S. Lakeside Dr., Grand Island, Nebraska 68801, as BENEFICIARY. WITNESSETH: That TRUSTORS hereby grant, bargain, sell, convey and warrant to TRUSTEE, IN TRUST, his heirs, devisees, personal representatives, successors and assigns, with power of sale, the following- described real property: Lot Sixteen (16), Block Two (2), Sothman's Subdivision to the City of Grand Island, Hall County, Nebraska. together with all improvements and appurtenances thereon. The TRUSTORS hereby covenant and agree with the TRUSTEE and BENEFICIARY that they are lawfully seized and the owners of the above - described property; that they have good right and lawful authority to sell and convey said premises and that said premises are free and clear of all liens and encumbrances, and further, that TRUSTORS will warrant and defend the title to said premises forever against the claims of all persons whomsoever. For the purpose of securing performance of each agreement of TRUSTORS herein contained and the payment of SIX THOUSAND SEVENTY -FIVE DOLLARS ($6,075.00), the TRUSTORS have executed a Trust Deed Note bearing even date, at the rate of interest and on the terms and conditions as set forth in such Trust Deed Note until paid. The principal sum and interest shall be payable in accordance with and upon the terms and conditions of said Trust Deed Note of even date, and in any event the entire principal balance due hereunder and any accrued interest shall be paid on August 1, 2009. All payments due hereunder shall be paid at the address of the BENEFICIARY as above described, or at such other place as such BENEFICIARY or the holders of said security shall designate in writing. All installment payments hereunder shall be applied first to the payment of interest on the unpaid balance, pursuant to the Amortization Schedule, a copy of which has been provided to each of the parties hereto, and the remainder of each payment of such installment to be applied on principal. It is agreed by and between the parties hereto that while title is vested in the TRUSTEE and until filing of Notice of Default, the TRUSTORS shall: A. Retain possession of the property at all times, except as may be otherwise agreed by the parties in writing. B. Maintain the residence and any other improvements located on the real property in good condition and repair. C. Pay all general and special taxes and all special assessments of every kind levied or assessed against or due upon said property before delinquency, and to deliver to BENEFICIARY copies of receipts showing payment of such taxes each year. D. Procure and maintain policies of all -risk insurance on said improvements, in sums and underwritten by companies acceptable to the BENEFICIARY, in an amount at least equal to the property's full insurable value, which policies shall name the BENEFICIARY as additional insured, with the proceeds payable to the parties as their interests may appear hereunder. TRUSTORS agree to provide BENEFICIARY with copies of such policies or certificates of insurance during the term of this indebtedness, which policies of insurance may not be cancelled by said carrier without fifteen (15) days written notice to BENEFICIARY. o rn N (�D ^O CL `J co O CD cil e�-F Z O c� C7 U. M rl -T jY Cl cn W D co Cn THIS TRUST DEED made this 13th day of August , 2004, between MICHAEL D. OBERST and NICOLE R. RST, husband and wife, as TRUSTORS, whose address is 1143 S. Lincoln, Grand Island, NE 68801 JOHN M. CUNNINGHAM, a member of the Nebraska State Bar Association, as TRUSTEE, whose address is 222 N. Cedar St., P.O. Box 2280, Grand Island, Nebraska 68802; and REYNOLDS & ZISKA, INC., a Nebraska corporation, whose address is 239 S. Lakeside Dr., Grand Island, Nebraska 68801, as BENEFICIARY. WITNESSETH: That TRUSTORS hereby grant, bargain, sell, convey and warrant to TRUSTEE, IN TRUST, his heirs, devisees, personal representatives, successors and assigns, with power of sale, the following- described real property: Lot Sixteen (16), Block Two (2), Sothman's Subdivision to the City of Grand Island, Hall County, Nebraska. together with all improvements and appurtenances thereon. The TRUSTORS hereby covenant and agree with the TRUSTEE and BENEFICIARY that they are lawfully seized and the owners of the above - described property; that they have good right and lawful authority to sell and convey said premises and that said premises are free and clear of all liens and encumbrances, and further, that TRUSTORS will warrant and defend the title to said premises forever against the claims of all persons whomsoever. For the purpose of securing performance of each agreement of TRUSTORS herein contained and the payment of SIX THOUSAND SEVENTY -FIVE DOLLARS ($6,075.00), the TRUSTORS have executed a Trust Deed Note bearing even date, at the rate of interest and on the terms and conditions as set forth in such Trust Deed Note until paid. The principal sum and interest shall be payable in accordance with and upon the terms and conditions of said Trust Deed Note of even date, and in any event the entire principal balance due hereunder and any accrued interest shall be paid on August 1, 2009. All payments due hereunder shall be paid at the address of the BENEFICIARY as above described, or at such other place as such BENEFICIARY or the holders of said security shall designate in writing. All installment payments hereunder shall be applied first to the payment of interest on the unpaid balance, pursuant to the Amortization Schedule, a copy of which has been provided to each of the parties hereto, and the remainder of each payment of such installment to be applied on principal. It is agreed by and between the parties hereto that while title is vested in the TRUSTEE and until filing of Notice of Default, the TRUSTORS shall: A. Retain possession of the property at all times, except as may be otherwise agreed by the parties in writing. B. Maintain the residence and any other improvements located on the real property in good condition and repair. C. Pay all general and special taxes and all special assessments of every kind levied or assessed against or due upon said property before delinquency, and to deliver to BENEFICIARY copies of receipts showing payment of such taxes each year. D. Procure and maintain policies of all -risk insurance on said improvements, in sums and underwritten by companies acceptable to the BENEFICIARY, in an amount at least equal to the property's full insurable value, which policies shall name the BENEFICIARY as additional insured, with the proceeds payable to the parties as their interests may appear hereunder. TRUSTORS agree to provide BENEFICIARY with copies of such policies or certificates of insurance during the term of this indebtedness, which policies of insurance may not be cancelled by said carrier without fifteen (15) days written notice to BENEFICIARY. o rn N (�D ^O CL `J co O CD cil e�-F Z O c�