|
<br />N
<br />S
<br />S
<br />0'>
<br />S
<br />co
<br />-.....j
<br />s
<br />.....
<br />
<br />
<br />~~
<br />:5 rn
<br />-. .,
<br />~ <.
<br />
<br />() c)
<br />:t:)>
<br />m CIl
<br />n::z:
<br />,-;;
<br />
<br />ej)
<br />'"
<br /><:J
<br />
<br />10
<br />m
<br />."
<br />c:
<br />Z
<br />Qno
<br />~~cn
<br />~~
<br />
<br />.,..)
<br />~':~,.:.,~~
<br />~
<br />
<br />("') G.
<br />o --i
<br />C~
<br />:z: -I
<br />--i rn
<br />-< C)
<br />0"""'1
<br />..." ".'...
<br />'""'F r"'!"1'
<br />;r"" CO)
<br />I' ::u
<br />,P-
<br />Ul
<br />;:><;
<br />l>
<br />
<br />'--\.
<br />r'.......,,'"
<br />~ ~."
<br />rn . '-
<br />~') ;"'-
<br />o\..:'.-:~~
<br />-.,
<br />
<br />r'0
<br />CD
<br />
<br />cJ
<br />~
<br />-l-.
<br />('b
<br />Ct
<br />
<br />...r
<br /><::) I.T
<br />rr1 ,..,''''' ,.)
<br />P"' f'\
<br />
<br />~ ~
<br />~
<br />
<br />~
<br />
<br />lJ
<br />::3
<br />I---"
<br />r'0
<br />--C
<br />W
<br />
<br />(II
<br />U'I
<br />
<br />----- -----
<br />
<br />. ,-
<br />-\.,."
<br />
<br />TRUST DEED
<br />
<br />~I
<br />~Gr
<br />~~
<br />~i
<br />~'
<br />
<br />. THIS DEED OF TRUST is made on ~ c_~",J. _' 2006, The Trustors are ;<0. 50
<br />Steven R. Kelm and Amanda J. Kelm, husband and wife, (collectively "Borrower"). The Trustee
<br />is Denise D. Myers, of Lauritsen, Brownell, Brostrom, Stehlik, Myers & Daugherty, 724 W. Koenig
<br />Street, Grand Island, Nebraska 68801, ("Trustee"). The beneficiaries are Daniel Harders and
<br />Laura Harders, 999 N. 130th Road, Wood River, NE 68883, (Collectively "Lender"). Borrower
<br />owes Lenderthe principal sum of One Hundred Ten Thousand and 00/100 Dollars ($110,000.00).
<br />This debt is evidenced by Borrower's note dated the same date as this Security Instrument
<br />("Note"), which provides for payments in full on or before October 1, 2021. The Deed of Trust
<br />(sometimes referred to herein as "security instrument") secures to Lender: (a) the repayment of
<br />the debt evidenced by the Note, and all renewals, extensions and modifications; (b) the payment
<br />of all other sums advanced to protect the security of this Security Instrument; and (c) the
<br />performance of Borrower's covenants and agreements. For this purpose, Borrower irrevocably
<br />grants and conveys to Trustee, in trust, with power of sale, the following described property
<br />located in Hall County, Nebraska:
<br />
<br />Lot One (1), Eggers-Nester Subdivision, Hall County, Nebraska.
<br />
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all
<br />easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water
<br />rights and stock and all fixtures now or hereafter a part of the property. All replacements and
<br />additions shall also be covered by this Security Instrument. All of the foregoing is referred to in
<br />this Security Instrument as the "Property".
<br />
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby
<br />conveyed and have the right to grant and convey the Property and that the Property is
<br />unencumbered. Borrower warrants and will defend generally the title to the Property against all
<br />claims and demands, subject to any encumbrances of record.
<br />
<br />COVENANTS. Borrower and Lender covenant and agree as follows:
<br />
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall
<br />promptly pay when due the principal amount of the debt evidenced by the Note. Prepayment of
<br />principal, or any part thereof, shall be allowed without penalty.
<br />
<br />2. Charges; Liens. Borrower shall pay all real estate taxes and assessments attributable
<br />to the Property which may attain priority over this Security Instrument, and leasehold payments
<br />or ground rents, if any.
<br />
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument
<br />unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a
<br />manner acceptable to Lender; (b) contest in good faith the lien by, or defend against enforcement
<br />of the lien in, legal proceedings which in the Lender's opinion operate to prevent the enforcement
<br />of the lien or forfeiture of any part of the Property; or (c) secure from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender
<br />determines that any part of the Property is subject to a lien which may attain priority over this
<br />Security Instrument, Lender may give Borrower a notice identifying the lien. Borrower shall satisfy
<br />the lien or take one or more of the actions set forth above within 10 days of the giving of notice.
<br />
<br />3. Hazard Insurance. If required by Lender, Borrower shall keep any improvements now
<br />existing or hereafter erected on the Property insured against loss by fire, wind, or other natural
<br />disasters, hazards included within the term "extended coverage" and any other hazards forwhich
<br />Lender requires insurance. This insurance shall be maintained in the amounts and for the periods
<br />that Lender requires. The insurance carrier providing the insurance shall be chosen by Borrower
<br />subject to Lender's approval which shall not be unreasonably withheld.
<br />
<br />1
<br />
<br />~
<br />
|