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THIS TRUST DEED is made and entered into this `t day r. iron n' 2002 by and
<br />between Dennis E. Manning, Successor Trustee for Frank D. Gion ISr at under the provisions o a gust reemead dated
<br />November 1, 1987, TRUSTOR, whether one or more; and Old Republic National Title Insurance Company, TRUSTEE;
<br />and Charles A. Duulhit and Donna M. Douthit, as joint tenants, BENEFICIARY, whether one or more.
<br />WITNESSETH: That the Trustor does by these presents gant, bargain, sell, convey and confirm unto the Trustee,
<br />with Power of Sale, the following- described real estate including all buildings, improvements, and fixtures of every kind now
<br />or hereafter erected or placed on the real estate situated in Hall County, Nebraska, described as:
<br />The Easterly Twenty Four (24) feet of Lot Seven (7) and all of Lot Six (6), Block Three (3), Stewart Place
<br />Subdivision, in the city or Grand Island, Hall County, Nebraska
<br />In the event of the sale, transfer or conveyance of the above - described property to any thud party, all sums secured
<br />hereby shall be at once due and payable.
<br />TO HAVE AND HOLD the same, with all rights, privileges, and appurtenances thereunto belonging, onto the
<br />Trustee, his "centers, administrators, heirs and assigns forever. And the Truster hereby expressly waives, releases, and
<br />relinquishes unto the Trustee all right, title, claim, interest, benefit and estate whatever, m and to. the above described
<br />premises and each and every part thereof, which is given by or results from all laws of the State of ebraska pertaining to
<br />the exemption of homestead. And the Trustor covenants with the Trustee that he will forever warrant and defend the title
<br />to the same against the lawful claims of all persons whomsoever.
<br />IN TRUST, HOWEVER, for the following described purposes: WHEREAS, the Truster did on this date execute
<br />a Promissory Note evidencing a loan for the principal sum of $51,447.54 and interest thereon according to the terms of said
<br />Promissory Note, being payable in monthly installments at such place as the Beneficiary may designate in writing from time
<br />to time. Notwithstanding any provision contained herein or in said Promissory Note to the contrary, if not sooner paid, all
<br />sums due and owing under the terms of said Note shall be paid on the 15th day of January, 2022.
<br />In the event of default, Beneficiary's remedies shall not be limited to those provided for herein. This Trust Deed
<br />may be foreclosed in the manner perscribed by law for foreclosure of mortgages.
<br />IT IS AGREED by and between the parties hereto that the Truster shall: (1 ay all present and future taxes and
<br />assessments, general and special, against said property before the same become delinquent or actionable; (2) keep all
<br />improvements erected on the land insured as may be required from time to time by Beneficiary against loss by foe and other
<br />hazards, casualties and contingencies, in such amounts and for such periods as are reasonable and may be required by the
<br />Beneficiary, and to keep all policies of such insurance in force and effect and delivered to the Beneficiary, and naming
<br />Truster and Beneficiary as loss payees, as their interests may appear; (3) pay and comply with all of the terms and conditions
<br />of any lien, claim or indebtedness that may be senior to and take precedence over this Trust Deed as soon as such payment
<br />on or of such hen, claim or indebtedness shall become due; and upon failure of the Truster to keep any of said agreements,
<br />the said Beneficiary may pay such tax, pay for such insurance, or pay off any and all such hens, or indebtedness as the case
<br />may be, and money expended, with interest as provided by the terms of the aforementioned Promissory Note, shall be
<br />secured by this Trust Deed, and the Trustor agrees to pay the same upon demand, and upon failure to do so, the balance
<br />of said Promissory note shall become immediately due and payable at the option of the Beneficiary; (4) specifically confer
<br />upon the Trustee the Power of Sale as provided in Nebraska law; (5) retain possession of the premises and collect the rents
<br />and revenues therefrom; (6) maintain the Properly in a condition o[[ maintenance and repair such that the interest of Trustee
<br />and Beneficiary are not reduced in value through waste. Failure to comply with any of the foregoing provisions shall
<br />constitute an event of default under the terms of this Trust Deed.
<br />ABANDONMENT OF THE PROPERTY BY TRUSTOR. In the event that Trustor abandons the property, or
<br />if circumstances reasonably indicate that Tnstor has abandoned the Property whether or not in connection with any other
<br />event of default, Beneficiary shall have the right, fallowing filing of Notice of Default, to enter upon the premises for the
<br />purpose of seeming the same and for carrying out any other measures necessary to protect and preserve the interests of
<br />the Beneficiary in and to the Property. Trustor specifically agrees to hold Trustee and Beneficiary and their employees,
<br />servants and agents harmless for any damages unavoidably ' icted upon the Property in connection with the exercise of
<br />rights arising under this Paragraph, and hereby waives any came of action arising therefrom.
<br />Upon payment of all sums seemed by this Trust Deed, the Beneficiary shall request the Trustee, in writing to
<br />reconvey the property and shall surrender this Trust Deed and all notes evidencing indebtedness seemed by this Trust Deed
<br />to the Trustee. Trustee shall reconvcy the property without warranty to the person or persons legally entitled thereto; but
<br />if default be made in the payment of said Note or any put thereof or any of the interest thereon when due or in the faithful
<br />performance of any or either of said agreements as aforesaid, then the whole of said Note shall become due and be paid
<br />as hereinafter prowtied, and this deed shall remain in force. The Trustee or his attorney may then proceed to sell the
<br />property m its entirety or in parcels at the option of the Trustee, hereinbefore described at public auction, to the highest
<br />bidder for cash.
<br />p.q.t ".sean.r. er...aaa n... r.. a.me.., W. t+o n.-U.s 02.79ne /92-7295
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<br />TRUST DEED
<br />THIS TRUST DEED is made and entered into this `t day r. iron n' 2002 by and
<br />between Dennis E. Manning, Successor Trustee for Frank D. Gion ISr at under the provisions o a gust reemead dated
<br />November 1, 1987, TRUSTOR, whether one or more; and Old Republic National Title Insurance Company, TRUSTEE;
<br />and Charles A. Duulhit and Donna M. Douthit, as joint tenants, BENEFICIARY, whether one or more.
<br />WITNESSETH: That the Trustor does by these presents gant, bargain, sell, convey and confirm unto the Trustee,
<br />with Power of Sale, the following- described real estate including all buildings, improvements, and fixtures of every kind now
<br />or hereafter erected or placed on the real estate situated in Hall County, Nebraska, described as:
<br />The Easterly Twenty Four (24) feet of Lot Seven (7) and all of Lot Six (6), Block Three (3), Stewart Place
<br />Subdivision, in the city or Grand Island, Hall County, Nebraska
<br />In the event of the sale, transfer or conveyance of the above - described property to any thud party, all sums secured
<br />hereby shall be at once due and payable.
<br />TO HAVE AND HOLD the same, with all rights, privileges, and appurtenances thereunto belonging, onto the
<br />Trustee, his "centers, administrators, heirs and assigns forever. And the Truster hereby expressly waives, releases, and
<br />relinquishes unto the Trustee all right, title, claim, interest, benefit and estate whatever, m and to. the above described
<br />premises and each and every part thereof, which is given by or results from all laws of the State of ebraska pertaining to
<br />the exemption of homestead. And the Trustor covenants with the Trustee that he will forever warrant and defend the title
<br />to the same against the lawful claims of all persons whomsoever.
<br />IN TRUST, HOWEVER, for the following described purposes: WHEREAS, the Truster did on this date execute
<br />a Promissory Note evidencing a loan for the principal sum of $51,447.54 and interest thereon according to the terms of said
<br />Promissory Note, being payable in monthly installments at such place as the Beneficiary may designate in writing from time
<br />to time. Notwithstanding any provision contained herein or in said Promissory Note to the contrary, if not sooner paid, all
<br />sums due and owing under the terms of said Note shall be paid on the 15th day of January, 2022.
<br />In the event of default, Beneficiary's remedies shall not be limited to those provided for herein. This Trust Deed
<br />may be foreclosed in the manner perscribed by law for foreclosure of mortgages.
<br />IT IS AGREED by and between the parties hereto that the Truster shall: (1 ay all present and future taxes and
<br />assessments, general and special, against said property before the same become delinquent or actionable; (2) keep all
<br />improvements erected on the land insured as may be required from time to time by Beneficiary against loss by foe and other
<br />hazards, casualties and contingencies, in such amounts and for such periods as are reasonable and may be required by the
<br />Beneficiary, and to keep all policies of such insurance in force and effect and delivered to the Beneficiary, and naming
<br />Truster and Beneficiary as loss payees, as their interests may appear; (3) pay and comply with all of the terms and conditions
<br />of any lien, claim or indebtedness that may be senior to and take precedence over this Trust Deed as soon as such payment
<br />on or of such hen, claim or indebtedness shall become due; and upon failure of the Truster to keep any of said agreements,
<br />the said Beneficiary may pay such tax, pay for such insurance, or pay off any and all such hens, or indebtedness as the case
<br />may be, and money expended, with interest as provided by the terms of the aforementioned Promissory Note, shall be
<br />secured by this Trust Deed, and the Trustor agrees to pay the same upon demand, and upon failure to do so, the balance
<br />of said Promissory note shall become immediately due and payable at the option of the Beneficiary; (4) specifically confer
<br />upon the Trustee the Power of Sale as provided in Nebraska law; (5) retain possession of the premises and collect the rents
<br />and revenues therefrom; (6) maintain the Properly in a condition o[[ maintenance and repair such that the interest of Trustee
<br />and Beneficiary are not reduced in value through waste. Failure to comply with any of the foregoing provisions shall
<br />constitute an event of default under the terms of this Trust Deed.
<br />ABANDONMENT OF THE PROPERTY BY TRUSTOR. In the event that Trustor abandons the property, or
<br />if circumstances reasonably indicate that Tnstor has abandoned the Property whether or not in connection with any other
<br />event of default, Beneficiary shall have the right, fallowing filing of Notice of Default, to enter upon the premises for the
<br />purpose of seeming the same and for carrying out any other measures necessary to protect and preserve the interests of
<br />the Beneficiary in and to the Property. Trustor specifically agrees to hold Trustee and Beneficiary and their employees,
<br />servants and agents harmless for any damages unavoidably ' icted upon the Property in connection with the exercise of
<br />rights arising under this Paragraph, and hereby waives any came of action arising therefrom.
<br />Upon payment of all sums seemed by this Trust Deed, the Beneficiary shall request the Trustee, in writing to
<br />reconvey the property and shall surrender this Trust Deed and all notes evidencing indebtedness seemed by this Trust Deed
<br />to the Trustee. Trustee shall reconvcy the property without warranty to the person or persons legally entitled thereto; but
<br />if default be made in the payment of said Note or any put thereof or any of the interest thereon when due or in the faithful
<br />performance of any or either of said agreements as aforesaid, then the whole of said Note shall become due and be paid
<br />as hereinafter prowtied, and this deed shall remain in force. The Trustee or his attorney may then proceed to sell the
<br />property m its entirety or in parcels at the option of the Trustee, hereinbefore described at public auction, to the highest
<br />bidder for cash.
<br />p.q.t ".sean.r. er...aaa n... r.. a.me.., W. t+o n.-U.s 02.79ne /92-7295
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