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<br />TRUST DEED
<br />
<br />29th
<br />
<br />day of
<br />
<br />Clarence P. Fetsch and Judith E. Fetsch. husband
<br />
<br />1724 FrRRnom nrillR,
<br />
<br />and wife
<br />,whether one or more, herein-
<br />r; rFlOri T c; 1 FlOri, NE
<br />
<br />THIS TRUST DEED, made this.
<br />be and between:
<br />(A)
<br />
<br />88-i00128
<br />
<br />ORf:RmhRr
<br />
<br />,19 R?
<br />
<br />after called "Trustor" whose mailing address Is
<br />
<br />and
<br />
<br />(B)
<br />
<br />Howa.rd E. Tracy, Attorney-at-Law, ....
<br />
<br />as "Trustee" whose mailing
<br />and
<br />
<br />(C)
<br />
<br />NorthhlRc;t NFlt i onFll RFlnk
<br />
<br />706 West Koenio. Grand Islanri. NE
<br />
<br />address Is
<br />
<br />,
<br />f~
<br />~
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<br />I>
<br />
<br />as "Beneficiary" whose malllng address Is
<br />
<br />2008 No. Webb Road. Grand Island. NE
<br />
<br />V
<br />l:.
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<br />
<br />WITNESSETH: That Trustor, in consideration of One Dollar (S1.OD) and other valuable consideration receipt
<br />whereof Is hereby acknowledged, grants, conveys. sells and warrants to Trustee, in trust, with power of sale. the
<br />following described property, situated in HFll1 County, Nebraska:
<br />
<br />Lots Eight (8), Ten (10), Eleven (11), Twelve (12) and Thirteen (13),
<br />Argo Subdivision, Hall County, Nebraska
<br />
<br />The Intention being to convey hereby In absolute title In fee simple, including all the rights of homestead and
<br />dower, together with all buildings, fixtures, Improvements and appurtenances thereunto belonging; and all of the
<br />foregoing, together with said property are herein referred to as the "Property,"
<br />
<br />FOR THE PURPOSE OF SECURING performance of each agreement and covenant of Trustor herein contained
<br />andthepaymentoftheprlnclpalsumof Thirtv Three Thousand Dollars{S 33.000.00 ),
<br />as evidenced by a promissory note bearing even date at the rates of Interest thereon which may hereafter be paid
<br />or advanced under the terms of this Trust Deed;lboth principal sum and Interest thereon being payable according
<br />to terms set forth In said promissory note, reference to which Is hereby made, at the office of the BenefiCiary or at
<br />such other place as the holder may designate In writing, the final payment of principal and Interest, If not sooner
<br />paid, shall be due and payable on the 31st day of December , 19 88
<br />* Except as this note may be extended, renewed or modified in writing.
<br />Trustor and Beneficiary covenant and agr.. as follows:
<br />
<br />1. .....,..~ T....1af Is _..." _011" Pr~ ll_goocIr..... and
<br />_""-'10__ _, I" "'-'r; I" Pr_, 1a1__e_oI...
<br />____..~ 1_ _ oIr_d; _Tru..or .111..-...._
<br />_ ...111........ Pr_, unlo'" T.......nd II. __ and......
<br />_........._olallpeo_., T....I"'.., 1I._.wI"__
<br />_"'_01_ T'uaIDaed........ upon '" T'uII Pr_, aubjacl ontr 10
<br />_..IaIIng.. 01 '" cia.. ....eol..1II cau.. Ihl. T...., Daed.__
<br />_ or __I_alo, 10 ...,11ad _ ,ec",_... mon_ 011"
<br />T....~...__.nd In _ place, _ .1111_ _oI"'actlOn..
<br />... ... opInIQn of T....,.. ma, ... 'IOQ_ by an, _I or M... ... In order 10
<br />,*,ecl, _.nd protac:llhe IIan 01 IIlIa T,ualDaed. .. ,.. ...... _ "'''0lIl
<br />1..,ol....._or--.lad.
<br />
<br />a. ....-.......... _ '-- Trullor allall puncluall, pa, ,.. principal 01.
<br />_ _ on. _ --. noIa Including an, ad.ance. ,...._.. pr_
<br />_ on ......... _ ., ... place _ In I" manner IM_ _n .nd .111
<br />~....- aIt...-.. condIllon. _ prOYtaion. 01.", 01'* aacurll,
<br />_..-"'__IIlIa"_'Ion,
<br />
<br />L
<br />
<br />3. ~...._............ ..lntH. Ie.........,. TrultOf will nol commit a"1 .....
<br />upon ... .......", end ~II. at aU tun... maintain .". NtM in good orar and
<br />_IOn _ will _, I...... 1_ 10 1_. .11 rapel'", '_.11, 'ap_nll.
<br />_ _ '--'oil _ ar. _, '_I'ad 10 _I ...,..
<br />~,or _1or.11on oIaald IM_" No building or Impr_ _ or
<br />'*_ _lad _ ,.. Pr_" _ ... .I...ad. ,_ or _
<br />_ _prior ...,....-1 o'_lelar,.
<br />
<br />.. ~""-".In caN 01 an, __ 10. '" _Iruc:lion 01, 1M bulldlnga.
<br />'--'.or peo_pr_, conaUlull"ll paol ollila TrUll Po_,. _,....
<br />.... ... .. cower.. ttr Nufllmce Of' 01......1... TruIIOf, at III eoIe cael end
<br />_, will prolIlpI" ''''or., rapai'. 'aplace _ rebuild I" ...... .. -Ir ..
<br />pr...'_lOllaeondlllon -lair prior 10_ __ '" _Irucllon or .llh
<br />_ cIlMIaa _ _1_" T_ ma, _ ___In pr_ auch
<br />cIlMIaa _ ",*aI_ cIo noI matartallr _ ... ...... _ utili" 01 _
<br />-..a, '-4_"""'" and par........., I...... I'" ..1aI1ng -lair prior '0
<br />_ --.. or _ructlon, Truator _II'" ..U11ad 10 r_ '- i"
<br />T_Io..._oI..._.......anca~_..,T._..........,1o
<br />__oI"'__..".,-__pr__
<br />
<br />I. ~ ,...... " TruelO111 . corporalk)ft. It will do all l"lngl necMNfY 10
<br />_1Ia_.........._. r""'_pr~ u_l" _01"'_01
<br />lIa-,.,atlorl.
<br />
<br />.. ___. TrueIOf, .t It I ._pen.., will IMilnteln .lth inlhH0r8 appt'0'fe0 by
<br />~, '--e wllh '_110 ... Impr_nl..nd _I pr_,.
<br />-....... 1M "-,, aealn.llolII .., II.., l:gIllnlng, lor~dO, .nd 01.... paoli.
<br />_ by -.. ......... _. _'_I, In .n __nl aQUallO .1
<br />..... _ _ peo-.I 01 I" 'ull "--1 ..Iua I_I; and InlUta11t8
<br />....... __ _ _... auch _, aa.. CU.........11y ta.rlad b, _ner.
<br />... ....... of ......., ptopert... and .1 ......klat~ me., reQuire tOt It,
<br />,.-,.... Truator _ ~Ir ."" _ 01.... r~r_1I .. _lei." me,
<br />"- _ .. _ ~ tOf ,.. p'otetuon by ~anc.e of ,.... In...' of ...
<br />
<br />reepecthe part.... AlllnllUf8nCe pol'dM malntalMd purauant 10 thl, Trul' DMCI
<br />....., name Tr&lalee and .....JcWy .. Insured., .. their fMPKUwe Int....... met'
<br />appear. and pt"OVIR '1\11, there alwH be no cancellation or modUk:aitkM't without
<br />'I"..... day. prior written noIilkaUon to Trual.. and .....'ic..ry. In the event an.,
<br />polk:, ........,... I, not r...-..cl on Of before taft..,. dart prior to ita ..plr.lion
<br />data, Tru.... 01' ....6cIaIy ma, procure eveh tnauf.nee and II'W coat thereof.MII
<br />... _ '0 I" lOan _u'ad .., Ihl. Tr.... Daed .nd allall _ In,.."1 .1 I"
<br />ll'''la! 01 ,.. Inl....' r... _iliad ,..... or Ilia 1I1g_llnlaf"lr.l. .ulllOr....,
<br />IIy .......011.. SI.I. 01 N....-., T....'or _II daI_ 10 IIonallelary Ilia original
<br />pollelN 0I1nauranta _ ._a1a ,........ or mamo eopiaa 01 .lOCh "",lit... .nd
<br />'.......1. 1....~1. FaUu,.. to 'urn"" Inluranee by TruetOf. Of renew... .. required
<br />......._ .Ilall. .1 ,.. oplion 01 IIonallel.ry. ton"ilul. . clalault. All u_."'"
<br />premium. ar. hereb, ..Ita'*' to Trul'" a. addlllonal MCurlt..- and . .... and
<br />t;pn...,.nc. ollila "'oparI, lIy'IIa T.u.... ..'la1l_.1.10 tOll.., 10 Ilia pu.ehaaar
<br />1M Tru.tot..lnl....'tln and 10 aU pohd.. ollnluranca upon the TrUll Propert.,.
<br />
<br />7. TUM .... ..........ta. Tru.lor lhall pay .lIt.... and specia' ......menl.
<br />levied Of ....uad again.. Of due upon Uw Propert, before dellnque~cy. and will
<br />delivar 10 Benet!ciary Cc.pla. ot ,ecelpta showing pa,ment 01 auch '..a. and
<br />epeclala..e.lmentl.II 8enahclary shall so req~lt, Trultor agr... that thar. ,hall
<br />be added to each periOdic pay~t required to be m'" hafeoncler an amount
<br />.IUmlted br Trult.. to be lutllcl.nt to anabla TruIIOI 10 pay, .1 1"11 30 dlY'
<br />be'or. delinquency. III I..... aSHlsmantl or 011\ln public Charga. a"alnsl lhe
<br />Trult Ptoper1r. lhe Hota HCurad by !hll nUll CMd. or upon accounl 011"- Clabl or
<br />the n.n 01 Ihls Trust Deec:I. together wUh premluml 'or Insurlnc. required to be
<br />prOVldad unGer Ihls TrUll Deed and no interesl ,h.1I be payable 10 TruIIOf In
<br />r.'PKt t....reol_ Upon dem.nd by Trullee. TruslOf shell_Ult8r 10 T'uI'" luch
<br />IddltKmaI luml 01 money II Ire necenlry to mlka up any dellclancy In the
<br />amount. ~I"'y 10 enlble T'u.I..IO PI,. .n,. ot U.. 'Ofegalng Ilaml.
<br />
<br />r'-
<br />
<br />l. ....... LIIM. TrultOf ,hall maka all paymentl of In'''5It and prinCIpII and
<br />payment. of an, other charge.. ..... and ..pen... contrected to be paid 100en,.
<br />allllUng Uen haklMa 0' prieM benef'Cler.a under any prior Tru.t DMd. Mooaage Of
<br />01_ lIKUrlly egteement, ba'ora the data they are delinquent and ;0 pay any olhltl
<br />clalm wh&ch jeopM'dIuIi 1M NiCurltr Of&nled ""'eln.
<br />
<br />I. PI'IIIIlcIIaa..~......... Shou'd TfUllor 'alllo m.k. any PIyment.
<br />..U 10 do 1M, eet .. Nrein prowkted. Of II any ICI~ or pfCx:..djng I. eommenced
<br />..,k:ft ......1.11' affect. """klary". Inlernl In lhe Propeny. Including. but nol
<br />1&""led to. emlnenl dOmaIn. JnlOlMncy, arrangemenl. Of prOCMdtnga Invotwlng a
<br />-...pI or _,, 'han IIonallel.ry or T,u"" bul .UIlou' OIlIlgallon 10 dO eo,
<br />and wlthoul nollce 10 0' dem8nd upon Tru.IOf, end wllhout '.....Ine Tru.IOt 'rom
<br />any obIialUon ,...,,.... may m.... 01 do lhe aama. and ma~ p.~. pureha...
<br />tonl..IOf compromlM any encumbr.nce, charg. 01 U.n. whlch In lhe JudGemenl 01
<br />aUher appear. 10 affec' ..ki Ptopatty; In ...relllng Iny luch powefl lhe
<br />_Ilelary or T.uel.. ml, Incu, .n, lIatlllll, .nd ..pend .hal.... .mounla,
<br />Including d'abufMmanl. of f..~.bht attorney'. ..... which ,,, lhelr aMoIule
<br />dlacreUon, mey be nece...ry. Iff lhe -.enl that TruI'Of thall ran 10 procure
<br />'"auranee Of 10 P8Y I..... and apeoclal ......ment. or 10 mali.e any p.ymenl' 10
<br />..I,"ng Of' PfM)( ...,.. hokMft 0' beneUcl.r.... the BenelIClary may plocur. .ut"
<br />Inaufanee and rn.Mla l...eh ~ymenl' AlIlJuml IncUfr8d Of ..pended by 8enalk:lasy
<br />01 TruI'" In Iccordlrte.e lII'llh lhe pfoo.-Illonl 01 lhl, Trull o-a .f, .ecUliMI".....,..
<br />
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