|
<br />TRUST DEED
<br />
<br />88-100590
<br />
<br />\, ;.: t~: III i
<br />
<br />,19 88
<br />
<br />r
<br />
<br />after called "Trustor" whose mailing address Is
<br />
<br />, whether one or more, herein-
<br />Grand Island NE. ffi003
<br />
<br />and
<br />
<br />(8)
<br />
<br />Hoo.\\8I"d E. Tracy
<br />
<br />address Is 7CX) W. Koenig
<br />North\\eSt Natiooal Bank
<br />
<br />Grand Island Ne.
<br />
<br />(ffi)1
<br />
<br />as "Trustee" whose mailing
<br />and
<br />
<br />(C)
<br />
<br />as "Beneficiary" whose mailing address Is
<br />
<br />am N. Webb Rd.
<br />
<br />Grand Island NE.
<br />
<br />(ffi)3
<br />
<br />WITNESSETH: That Trustor, in consideration of One Dollar ($1.00) and other valuable consideration receipt
<br />whereof Is hereby acknowledged, granta, conveys, sells and warrants to Trustee, in trust, with power of sale, the
<br />following described property, situated In HAlL . County, Nebraska:
<br />
<br />WI' 18, F&B second subdivision- Grand Island, Hall County, Nebraskl
<br />
<br />
<br />The Intention being to convey hereby In absolute title In fee simple, including all the rights of homestead and
<br />dower, together with all buildings, fixtures, Improvements and appurtenances thereunto belonging; and all of tha
<br />foregoing, together with said property are herein referred to as the "Property."
<br />
<br />FOR THE PURPOSE OF SECURING performance of each agreemW~fJt"d covenant of Trustor herein contained
<br />and the payment of the principal sum oftrirtyt\o.O hundred sixty-ei.~t ttdttars ($ 3,268.83 ),
<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; 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 other place as the holder may designate In writing, the final payment of principal and Interest, If not sooner
<br />paid, l."all be due and payable on the 2') th day of Fp!-n",ry , 19 ql
<br />
<br />Tmstor and Beneficiary covenant and agree as follows:
<br />
<br />'.'
<br />i
<br />[U
<br />t"
<br />[.
<br />l
<br />~
<br />"
<br />i
<br />~
<br />r
<br />
<br />3.. PK._1AIea eM .1'111111 n........,. TrUllor will nol commit any .aale
<br />_ 1M "-" _ .IN. .1 .11 11_. .....nl..n Ilia ...... In QOOd Older and
<br />_ _ wIN _., 1,_ lima 10 lima, .11 'ap.lra, '_.1., ,apl..,_nll,
<br />eddlllOM .... ...~,t. .Nett are '''lOMba, requlr. to prevent ...t.,
<br />...._. Of _lor.l..... ol ..Id lI'opart~. No building CH Imll'-.,I now CH
<br />_ _... _ Ilia ~-'~ ....11 ... .1I..ed. ,_ CH _
<br />__IMpclOf WIllian c_1 ol_IeIar~.
<br />
<br />.. ...... Ie ..........In _ ol an~ __ 10, 01 _I,uellon 0', Ilia bulldlncll,
<br />.....4....,...lh Of...._ ~~ c_lIIul"'ll pAIl ol .... f'u.' Pr~~, .1Ia1....
<br />_II _.. _ by __ Of 01.....1... f'u.IOf, 01 II. _ COIl _
<br />UI**. will ......Iy _or., '....... 'aplaca and rebuild Ilia ...... .. MAlly ..
<br />.....1_1011._1....._...., Illlor 10...." cI.._or cIoolrucl..... "'.11"
<br />_ ~ _ _.1_ .. f....lor ...., _ ~.I. 11'0'1_ ouc:h
<br />....... _ _.._ do ".,. _1aI1y _ .... ,_ _ utlllly of IUCh
<br />--... '-0._'" _ ...._I~ 1_ llIal ..I.U..g I...-Ialy _ to
<br />_ __ Of __...... T.-or _ be Illllllad to "'_1_ tlla
<br />T_1o 1M _ 01 1M ....In_..... procaado __ by T'u...., bul onI~ to
<br />.._ollltallClual_.....-___-
<br />
<br />r..pecUM partie.. Allln.ur.nee pollcln maintained purluant to thle Trult OM<I
<br />ahlU name Trult_ and .........'lcllry .. Inlured.. I' their ,..peclln Inl.....t. may
<br />appe.., .nd prO'lJdo IIIaI 11lII. .1Ia1l ... no c.ncoll.llon CH modlllc.llon wltlloul
<br />flU..n daya prkw wrllt.n notltlc.Uon to TruI'" and 8an.flcl.fy. In tM .vent any
<br />policy hereundtH I. nol renewed on or before flft..n d.YI prior 10 111 explr.tlon
<br />dala, Tru.l_ or IenliUclary may procur. luch Inaur.nca and lhe CO)t thereof lhall
<br />... _ 10 Ilia lOan MCu'ed b~ Ihl. flU" llHd .nd ....11 ..... Inl....1 .1 IIIe
<br />gll.l.. 01 tlla Inl....I'.t. _"Ioc1II1of"n 011'" hlglla.llnl....1 '.1. .ulhorlzed
<br />by Ilia I.w. ollila Sill. 01 Nabl...... f,u.IOI.h.1I dol_lo Bonollcl.,., Ilia CHlglnal
<br />pollcla. 01 In.ullne. .nd ,,,",,w.l. IlMtrool 0' memo cOllIn 01 .uch .pollel.. .nd
<br />r.ne.atl thereot. Fallur. to turnlah Inlur.nca by Tru.tor. or renawall .. lequlrad
<br />llaraundol .h.II, .1 Ilia opllon 01 Bonollcl.,." con.lllul. . de'.ull. All u....rn9d
<br />pr.mlum. .,. lIa'ab~ ...lgn9d to f'u.t.. .. .dellllonal MCu,lt~ .nd . ..Ia .nd
<br />~nv.y.nc. of the Property by the Tru.t.. .hall oper.telo convly to the purch...,
<br />thl Trullor'slhtere.t in and tO.l:ll pollclol of In.ur.ne. upcn t.... Trult P,operty.
<br />
<br />7. T.... .NI ............. Trultor ,hili p.y .11 t..IG and lpeel.1 .a....m.nl.
<br />"'lIed Of .....Nd Iglln.1 01 due upon the Property before delinquency. .nd will
<br /><Sellver to Benetlcllry cc,pl.s of receipt. Ihowlng p.yment of luch t.x.. and
<br />.pecl.I.I....menls... Ben.flclary IhalllO requI.t, TrUltor .g,... that thlr. .hlll
<br />be added to .ach periOdic p.ymttnt required to boa made har~nd.r .n .mount
<br />..lIm.IMi by TrUll.. 10 be .ulllclent to Inabll Tru.lor to PlY. II I...t 30 dlYI
<br />belore delinquency. III t..... 'SSIlIm.ntt or other public chllg.1 Igllnal ,he
<br />TrUll P'operly. the Note seculed by ~hl. Trusl Deed. or upon Iccounl of tho debl or
<br />lhe lien al lhls Trust Deed. togethor wllh premluma for lnsuflhce requIred 10 be
<br />pravlddd undOf lhl3 Trusl Deed and no In Ie, ell ,h.1l be p.yable to Tru.tor In
<br />respect Itlereol. Upon damlnct by Trultee. Trustor .hall MlIWI.J to Trult.. ItlCh
<br />addition.' sum. 01 money I. Ire nec....ry 10 ml'" up any <IIflclency In the
<br />amounla nK....ry 10 enable Truslee 10 PlY any 01 t.... foregoing Itlm..
<br />
<br />r----
<br />,
<br />
<br />1. ......... tIlIa. T....IOf 1.I.wfully _ ollila "'-"; II h.. QOOd ,1""I.nd
<br />....... autlllll\ly 10 "'1 and con..~ Ilia "'-'1; Ilia "'-" 1.1,.. _ c_ ol.1I
<br />..... and QftCt.i:fIIbr~ ..c.-' I... now o' record; and Tru.tor will .ar,ant and
<br />_ 1M 11118 to Ilia "'-'~ unlo Ilia f,u.l.. .ndll. __ and &IIign.
<br />_, ~ .... _ 01.11 por-... T,u.ICH, .111. ..pan.., .111 malnlaln and
<br />11'-......... oll.... TrullllHd.. .lIan upon Ilia T'UII "'_I~ wbfKI only 10
<br />__ ....."'" .. ol tlla clal. ........, .111 cau.. Ihl. T,ullllHd. _ each
<br />_ Of __11.....10, 10 Ilalllocl_ 'aeOlclad ... mon_ ollila
<br />TlUIll'ropolly In _ __ .nd In _~, .nd.IIII.....ucIl 01'" ..t..... u
<br />In Ilia apInlort 01 TN.t.. ....~ boI'ar;ulrld by an~ 11'.....1 01 lulu'. .... In ordtt 10
<br />.....ael. ............ and Il'olaelllla lion 011l1li T'oat llHd, .. tlla ...... ....~ be I,,,,,,
<br />"""lollma_or__I....
<br />
<br />2, ...-......................... T,u.IOIIII.1I punelu.lI~ pa~ Ilia p,lnelp.1 01,
<br />_ _..... _ ~ _Ineh,dlng an~ ad._ 1......0.. p'O'I_
<br />_n llllllla _ _ .1 .... placa ..... In Ilia mannor 11'0'1_ I......n .nd .111
<br />_luaIIy,..,..,.., all "'-", condlllon. and p,""loIon. ol.n~ 01.... _u'lI~
<br />_I.-tn_l.....wllhlhl."_t......
<br />
<br />I\. _ '--- f'ulICH .h.1I m.k. .11 p.ymonll ollnl....1 .nd p,lnclp.1 .nd
<br />p.ymant. o. any other chI' gal. r.... and ..pen... cont,ael.cl to be paid t(lt.any
<br />'''IUng Uen hokIer. or p,1ot beneffclar", under any prior T,u" Deed. M(Xtg_a- or
<br />Olllll MCurlly agr_nl, ""0/' Ilia d.l.lllay ... dollnquonl.nd 10 pa~ .n~ 01'"
<br />clalm which ieOPafdb:.. the MCurUy granled he"ln.
<br />
<br />I. c--. T_. " TNIlor I. . _.IIon, II .111 do .lIlhlng. '-MIefY 10
<br />_Ila____..-, """. _prlwNagao_11Ia ....oIll1o_ol
<br />Ita_pol.......
<br />
<br />t. ........ f_, .t II. .._, .llI ....Inl.ln wllh in,uICH. __ by
<br />........ _ .11ll '-' 10 Ilia Improwamonll and POl_I p'_I~,
<br />CGNllItIllttIlM PfOpar1y ",,1 loa. by 1118, IlOhlnlng. lornado, .nd ollla' po'lI.
<br />__ by ........ hlaMad _. __I, In .n _nl __I 10 ..
<br />..... _ ~ ...._ ol .... ..,II ,...--t ..Iuo l....aof; .nd Ineuranco
<br />......._____I..__I..lacu.t_lIyCA'rIoclbw_.
<br />_ __ ol _ ~... and .. hnsllcl..~ ma~ ,oqul.. lor II.
<br />.....lIan. T,_ wlM ~ _ _ 04.... '......'_1. .. _lelllly _~
<br />_ _ '" _ _ 101 Ilia "'04..t.... by .......__ 0' t~ Inl....' 01 Ilia
<br />
<br />8. _ AI --.,.. -.,. Slloold f'u.IOI 1.11 10 mlka 'n~ pa~"*,I,
<br />rail to do any acl .. ....reln provklad. or II any ICtlon Of proceeding II commenced
<br />lWhlch materl.lty aUactl 8enelk:lary', Int.,..t In t.... Property. Including, but not
<br />IImlled to. emlnefll domaIft. InMJlwency. ."angfM'Mnt. or PfOCMlCUngl InYOtvlng I
<br />_NIlt '" ~nl. I..... lIencllcl.,., 01 f'u.IM bul .lIhoul obllg.l..... 10 do ....
<br />and without notke to Of demand upon TrultOf, and ,*llhotoIt relHalng Tru.tOt' from
<br />.n~ 00118111011 ....lUnder, m.~ m.k. 0' do Ih. umo, .nd ....~ pa~. 1>'.'.""'"
<br />conl.1I 01 cOlllpl"""" .n~ lllCumbr.nc.. ch..go 01 lion, which In Ilia ludgalnanl 01
<br />,lilia' .ppe.ra 10 .11101 IIld P,OIH"I~; In ...,cl.lng .n~ .uch 1'0-' Ilia
<br />.....lIcl.,., or f,oat.. m.~ Incul .ny lI.blllly .nd upond ."",.... .mOl..",
<br />Inc.'udlng dl.bu,oomonll 01 ....on.blo 'lIo'n.~'. I.... .hleh In 11Ia1' abaolul'
<br />dl",rallon, ....~ be _..,.,. I" Ilia ...nl Ih.. f,uolOl .""11 1.11 10 "'OCUl'
<br />I"'ufanc. Of to pay'...., and epee Ie' ......~t. 01 to make any paymenl. to
<br />..lltln, 01 PfkM Uen hok>>f. or benellcla'''t. IhI 8eMUcl.ry may procur. auct\
<br />Inluflnee.~ "..eIle luch p.oym."t.. All tumt lncuned Of .i:~ by ..fteflclaly
<br />'Of lrut'" In ICCiord,uw;. *l1h lhe provl..onl 01 lhle trut' Deed .t. eecured heNIby
<br />
<br />'I.':..'.'
<br />..~
<br />~
<br />.I~
<br />I~
<br />l '"
<br />
|