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<br />'-' (., r,(J ',.' .',
<br />TRUST DEED
<br />
<br />88--100130
<br />
<br />29th
<br />
<br />December
<br />
<br />,19 87
<br />
<br />day of
<br />
<br />n
<br />
<br />THIS TRUST DEED, made this
<br />be and between:
<br />(A) Clarence P. Fetsch and
<br />
<br />after called "Trustor" whose mailing address Is
<br />
<br />and
<br />
<br />Judith E. Fetsch, husband and wife
<br />
<br />, whether one or more, herein-
<br />1724 Freedom Drive, Grand Island, NE
<br />
<br />(B)
<br />
<br />Howard Tracy.
<br />
<br />Attorney-at-Law
<br />as "Trustee" whose mailing
<br />and
<br />
<br />(C)
<br />
<br />address Is 706 West Koeniq, Grand Island, NE
<br />Northwest National Bank
<br />
<br />as "Beneficiary" whose mailing address Is
<br />
<br />:mnA Nn hlphh Rnarl. r;ranrl T s 1 anti. NE
<br />
<br />WITNESSETH: That Trustor, in consideration 01 One Dollai ($1.00) and other valuable consideration receipt
<br />whereof Is hereby acknowledged, grants, conveys, sells and warrants to Trustee, In trust, with power of sale, the
<br />following described property, situated In H", 11 County, Nebraska:
<br />
<br />Lot Twelve (12), Block Thirteen (13), in Clarkson's First Addition to the
<br />Village of Alda, Hall County, Nebraska and the Westerly One Half of vacated
<br />Street vacated by Ordinance No. 56, lying adjacent to Lot Twelve (12), Block
<br />Thirteen (13), Clarkson's First Addition to the Village of Alda, Hall County, Nebraska
<br />
<br />The Intention being to convey hereby In absolute title In fee simple, including all the rights of homestead and
<br />dower, together with all buildings, fixtures, Improvements and appurtenances thereunto belonging; and all of the
<br />foregoing, together with said property are herein referred to as the "Property,"
<br />
<br />FOR THE PURPOSE OF SECURING performance of each agreement and covenant of Trustor herein contained
<br />and the payment ofthe principal sum of Seven Thousand Dollars ($ 7 ,000.00 ),
<br />88 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; both 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 o!her 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 BB .
<br />
<br />Trustor and BenefiCiary covenant and agree as follows:
<br />
<br />1. .............- T....lor....IlfutI1_oI I""'-'r; 1'_'-''''''_
<br />_MIIorIlr'o___, ,.. Praper1J; 1""'-" ..,.. _e_oIa1l
<br />_ _ ___..cap! 1_'- 01 ._d; _ Tru.lor ..Itl......,_
<br />_1M IIIIe 10 '..,."'01*1' unlo I" T.ue.. _ II. -. _ ........
<br />_, -"'"' l..e_oI.II...._., Trualor. .111..-. wlll__
<br />_........ 011"'" Trual_........ upon I" T'u.1 "'-" aullla<1 """ '0
<br />__ ....ling.. 01'" data "'aoI. will cau..lhI. Trullllaad, __
<br />_ or ~II.....O.IO Ita iliad _ .acor_... mort.- 01 1M
<br />Trual ",-", In __ and In.- pIaca. _ will_ .ucIl_ action_
<br />In ,.. opinion 01 Trual_ ...., Ita 'aqulrad '" any _I or 1uI"'. ... In _ 10
<br />partac~ malnlaln and pr_ll.. llan 0/ I"'" T.uel _, ..1" _ _Ita r,orn
<br />1,",,'o'lnlrt_or__'ad.
<br />
<br />2. ...-............... -.... T,u.'or """" puncluall, pa, I" principal 01,
<br />- _ on, _ pr-, ......Including an, adlane.. 1....10.. pr..._
<br />_ 011 1M .... ..... II 1M pIaca and In I" manner pr..._ I....aln and .111
<br />punct...... pertollIIall "'-10, condIllon. and pr...llIon. o'.ny 01'" _II,
<br />__et-In_lonwllhllllal,.......IIon.
<br />
<br />....,.elM peIt_ All InHlanGe poIlcIee maintained pur.uan' 10 thll Trul' Deed
<br />_1_ T_ _ ......1c1UJ' "'_'. II I....' _I'" Inl....I. ma,
<br />_. _ proricIa I'" I..... _" Ita no uncall.llon Of morItllcallon wll'-I
<br />'111_ cIar. prior .,IItM noll.lcallon 10 TIUII_ and _'lcla",. In I" _I an,
<br />poIlc, ......_ I. nol ,_ on or ltalor. 1111_ da,. p,1or 10 II. ..pt,.11on
<br />dal., T,~.'_ or _'lclary ma, pr_.auch Inau,.nca .ndlllo coal I......, """"
<br />Ita _ 10 .... -. _urad b, Ihl. T,u.1 _ .nd _II _ Inl....1 ., I"
<br />gr.... 011.. _'" ,.1. apaclllad I"'. or I" 1IIO'-I11n1.'''1 ..,. .ulllorlnd
<br />'" 1......011.. S1.'. 01 Nabr..... T,u.lor _II doI_IO -'1c1UJ' ,.. original
<br />poIlclaa oIln...._. and ,.....al. 1...001 Of _ copIaa 0; .uchJlOlIcIea and
<br />,anewa'l thefeot. FaUu,. to floKn&lh Inaurance by TNltor, Of ranew.'. .. flqulrld
<br />......._ .1Ia1l. .1 I" opllon 01 _'lel.",. con.lllul. . da'aull, All u_,nocl
<br />ptemluml ... her., ...igned to TruI'_ .1 addUIonaJ NCu,U" and . .... and
<br />o;pn....nc. 0'1.. "'_I, '" I" T,u.l_ .1Ia1l_.I.IO eonv., 10 I" pu,ella_
<br />the Tru.tor..lnt.....' in ancs to all patte... o' Inl4lranee upon ,.... Tru.' Propel""
<br />
<br />7 T.... _ _II. T,u.lor """" pa, .11..... .nd .pacl.1 ......""'n'.
<br />...,Ied Of .....Ied eaaln.' or due upon the Property be'ora delinquency. and will
<br />dellvar to BeMttcla'Y CGpl.. 01 '~pt. abowlng payment d. lueh ,.... and
<br />lpecllll'Nllmentl.1t 8llnellcllry ahall so r.qulII, Trultor Igren'hat thar. ,hall
<br />be added to Nd't periOdic payment required to be made ....'eund.r an amounl
<br />..lImalad b, T,u.l_ 10 IMl .ulllclanllo .nabl. T,u.lor '0 p.,. .1 ....1 30 day.
<br />.'Ofl delinquency. .11 ...... IIH'lment, or other public charge. .galnst the
<br />TruI' PropertW. the Noll secured b~ ~hl. TrUll Deed. or upon account 0' lhe debt or
<br />lhe lien olthll TrUll Deed. tOQflUWIf .lIh premiums 'or Insur.nee required to be
<br />provided unde, this TrUll Deed and no Int"I.1 Ihlll be payable to TrullOf In
<br />"&peel thereof. Upon demand by T'UI..., T,ustor shill .11.., 10 Trul'" auch
<br />addllion.1 sum. d. money .1 .r. neeell.ry to m.". up any defiCiency In lhe
<br />.mount. nee....'.. IOlnlble T'U!'HtO ply any 01 lhe 'Ofegolng I:.ml.
<br />
<br />L1
<br />
<br />3. PIt_............. ........c .. ........,. Trultor will not commll any .u..
<br />_ I" "-1, and will, ., .U II..... ....Inlaln lho H.... In .- or.... _
<br />_ MIl will _, 'rom lima 10 11nlrt. .11 ,epal,.. '......1.. 'api_I'.
<br />........ ..... ....A.,UIAII... whIcft .... rlUOMt>>ly required 10 CM8'IIftt ."'1,
<br />.......-. or .....Ior.11on 0I_1e1 prGplftJ, No building or Impr_' .- Of
<br />..._ _.... _ I" Pr_I, """N ba .u..ad. ,_ or _
<br />___ ilia PtIar wrlll.....-I 0,....1e...,.
<br />
<br />t. ____ ..........In ClIO 01 an, "-10. or _truc'lon 01, I" bulldlnga.
<br />.....4 ....... Of peraonaa Pfopelly conellluUng pwl 01 the TruI' Properly. .,..'*
<br />_ ..... .. ~ '" In...._ or 01_. T,uelor, .1 II. _ coal _
<br />_, will ~11 _lor.. ,apaI,. 'aplaca .ld ......11d I" ...... .. -11 _
<br />pr~IOII._IIon_I..,prlorlO.-~or_lrucllonorwllh
<br />_ __ _ _.1_ _ TlUllor _ _~.. pr_ auch
<br />__ ..... _.1_ 1IO not -!arIal/J _ 1M v."'" _ ullW" oIauch
<br />-... ~..._J. MIl ...._" !rom ...., ..I.11ng 1m.......... prior '0
<br />_ __ or _ructlon. Truator _I Ita MIllIad 10 ,.._ !rom 1M
<br />T_IOIM_ 01........ -.ranee...-.- '" T........ but """ to
<br />.._..IMactual_......-_IIlIa~Ion.
<br />
<br />I. ........ T_. II TrualOf I. . eorpor.'Ion, II will <10 .UIIII"". _.... to
<br />_1IrI__._,rIg/Il._pr~u_I.._oI..._oI
<br />_-..or.....
<br />
<br />.. ....... TruaIDl, II II. .._, will malnl.ln wllh ,nlU'ora _oood '"
<br />.............. 1__ Wllh ,_, 10 ,.. Improvaman'. .nd ..........1 proplfly,
<br />-Int IIlo "-1, -,nallo.. '" II... IlgI1lnlng, 101_. .nd 01.... pe,ll.
<br />__ IIw alMMIItd ..lIIldId __ anOoI_l. In an _nl ....1 10 .1
<br />_ _ _ ...._1 011.. 'ull ''''''-1 ...... lI...aoI, _ Inau,.....
<br />........ _...... _ MIl In auch _I H Ia cuel_11y coorlod by ...._.
<br />MIl ....atora 01 -. pr-'Iaa _ .. ......lel..' ma, ,"ul.. 'Of I'.
<br />..-..c...... 'ruMor .IN c.omtttw' wtlft MlCh 04..., fequuemen.. .. hnefk:l.,. me.,
<br />"., _ 10 IInlrt '--' I. I" ...OIlCllon bl lnaurane. 01 I.. In,",HI O. ,..
<br />
<br />.. _ L-. T,U"Of .h.1I m.k. .U p.,monl' ollnl....1 .nd prlnclp.' .nd
<br />paymen.1 01.,., other charge.. ,.... and ..penan contrKled to be Pidd 101M)'
<br />..IIUng IIeri tK*IMl Of prkM beneflcl.,... ur.cler any pilot TruI' DMd. MortQe09 Of
<br />01'" _11y .-1, Italor.l.. dal. Ilia, .,. dallnquanl.ndlo pay .ny 01....
<br />elalm_~I"...u,lt,granlacl"'aln,
<br />
<br />II, _..~. -..,. S'-Id T'U.IOf '.1110 m.... .n, pa,,,*,I,
<br />'all 10 do any eet .. herein Pfovlded, Of II Iny action or procMdIr.-g '1 commencacl
<br />wtlkIt metertl'ty' aUee'. Benefk:lary'. Int.... In lhe Proper1r. Including. but not
<br />Hmlted to, eminent dorr..ln, Ineolwency. arrangement. Of IK~' In'lOh'lng a
<br />bMIlrupt Of decedent. then &eneUe.ary or Trul'" but wltPtout obIJ08tJon 10 dO 10.
<br />.nr:lwU'-1 nollca'o or _nr:l upon T,u.lor. .ndwll'-I ,_"" T,u.IOf ',om
<br />any obllgaUon ........ndef. flYr malk. Of do lhe ume, and mIIr pay. purchll..,
<br />conl..1 or _omlH .n, encumbr.nc., ch.r"" Of I"n. ..hleh In 1"1""""",""1 01
<br />ell... appHlI 10 .IIacl uld Pr_ly; 'n ..erclllng .ny .uch pO_I ,..
<br />Beneflclary or TruI'" may Incur any lIablUr, and ..pend whall"" amoun'I,
<br />Including dl.bur......nl. 01 ,_abIo .UOfnoy'. ,.... which In lho" .bIolul.
<br />dller.llon, may be ""Nry. Iff the ~I thai Trullor lhalf till 10 procure
<br />'"IIU'.nc:e Of 10 pa, te... .nd epee la' ......menl. Of to meke enW' pavmenll 10
<br />..1.11"" Ot prior IIan _. or _'lel.,I.., IhI _'ie I." me, p'ocu.. auch
<br />tn.u,anee and make luch payment.. All .urn. Incurred Of ...pended by 8eneflclaly
<br />Of hull.. 1ft etC:OIdance with the pfovialOnl ol.hll True' Deed af. HCu,1d her'"
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