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<br />88-1025';.11
<br />
<br />13th
<br />
<br />day of
<br />
<br />TRUST DEED
<br />
<br />May
<br />
<br />,19 88
<br />
<br />THIS TRUST DEED, made this
<br />bEl and between:
<br />(A) Robert L. Suck and
<br />
<br />after called "Trustor" whose mailing address Is 727 East Capital Ave.
<br />
<br />Barbara J. Suck. husband and wifp
<br />
<br />, whether one or more, herein.
<br />Grand Island. NE 68801
<br />and
<br />
<br />(B) Howard E. Tracy, Attorney
<br />
<br />as "Trustee" whose mailing
<br />Grand Island. NF. fiRROl and
<br />
<br />address Is 706 W. Koeni g
<br />(C) Northwest National Bank
<br />
<br />2008 N. Webb Road
<br />
<br />as "Beneficiary" whose mailing address Is
<br />Grand Island, NE 68803
<br />
<br />WITNESSETH: That Trustor, In consideration of One Dollar ($1.00) and other valuable consideration receipt
<br />whereof Is hereby acknowledged, grants, conveys, sells and wammts to Trustee, In trust, with power of sale, the
<br />following described property, situated In Hall County, Nebraska:
<br />A certain part of the North Ten (10) Acres of the West Half (Wi) of the Northwest Quarter (Nwt)
<br />of Section Ten (10), in Township Eleven (1l) North, Range Nine (9), West of tre Sixth (6th) Principll
<br />M:ri.dian, nme {EI'ticwrly descrired as follQ\oB: Beginning at a p:>int en tre North line of tre North Ten (10)
<br />Acres of tre West Half (wt) of tre Nortln.est QJarter (NWt) of Said Section Ten (10), wch p:>int is 6ID.0 feet
<br />West of tre Nort:rea9t (NE) corner of tre North Ten (10) ocres of tre West Half (wt) of Ill:! NOI'thY.est QJarter
<br />(NW!-) of said Section Ten (10); IUlIling thence Swth Parallel to tre Fast Line of the North Ten (10) Acres of the
<br />West Half (wt) of tre Nortln.est Q.Jarter (NW.}) of said ~ctien Ten (10), 331.0 feet; running thence West Parallel
<br />to tre North Lire of tre North Ten (10) ocres of tre West Half (wt) of the Nortln.est QJarter (NW!-) of said
<br />Sectien Ten (10), 132.0 feet; nmning thence North Parallel to tre Fast line of tre North Ten (10) acres of the
<br />West Half (wt) of the NOI'thY.est QJarter (NWt) of said Section Ten (10), :131.0 feet to a {XIint en tre North Lire
<br />of tre North Ten (10) acres of the West Half (wt) of the Nortln.est QJarter (~) of said Sectien Ten (10);
<br />nmning thence Fast upon and along the North line of the North Ten (10) acres of the West Half (wt) of the
<br />Nart.tn.est QJarter (~) of said Sectien Ten (10), 132 feet, to the actual p:>int of beginning.
<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 wUh said property are herein referred to as the "Property."
<br />
<br />FOR THE PURPOSE OF SECURING performance of each a'l[eement and covenant of Trustor herein contained
<br />and the payment of the principal sum Of~ a~.5 ~92r~ Dollars ($ 16.231.92 ),
<br />8S evidenced by a promissory notlfbearlng 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 15 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 13th day of Mav , 19 93
<br />*and as this note Iilay re extended, J:'elleIoed or modified in writing
<br />Trustor and Beneficiary covenant and agree as follows:
<br />
<br />1. ........, 01 TIlle. Tru.tDf 1.1,.'ully Mlzed 01'''' Pr_rty; It hll good right .nd
<br />lawful oulllorll, 10 MlI_ convey I'" Pr_rty; I'" Property I. ". .nd c.... o. III
<br />..... and encleffnbf&nCIIl ..cept Uln. now at flCOOf[l; and Trullor will wlrrant and
<br />defend .he tit.. to 1M "oPlln, unto the TruI'" and III IUcc...onl and ...Ignl
<br />'0fWM'. again" the claim, ot an peraonl. TruelOt, allll ..penH. will mllntlln and
<br />pt'HeIWIIM ..an o' Ihl, TruI' DHd II a IIln upon ,he T'UII ProperlY 'ubi.:t only to
<br />encumbranc.. _lllIng II ot thl dl'l hereof, wUl caUII lhll T,ut. DIed, and each
<br />amendment Of IJUpp"menl IMllla, 10 be llled and fllCo,ded I' II monUlg. of the
<br />Trul' PropenW' In luch manner and In I"ch place, and will 11"'1 luch o.her act&on ..
<br />tn IhI! opinion of TrUll.. lTla)l be required by any pr...nt or future 'IW In order to
<br />perfect. maJnlaJn and protecl IhII lien at Ihl, TruI. Deed. II Ihllum. mi. ~ from
<br />"""0 lima ......ndld Df .upplamonled.
<br />
<br />2. '.'- 01 ............. '-L Tru.'o, .h.1I punclu.lly pay'''' prlnclp.1 01.
<br />and Int.,.., on. ukt prom"lDfY nollllncludlng an.,. .dv.nc.. tMlelo .. provided
<br />herein on the da'" and.t the placa and In lhe mann.. p.ovkied .......In and will
<br />puncluaUr perform aU agreement., condlUonl and pflnlllon. o' .n, other Meum.,
<br />ktllrument Glwn In connecllon with IhI. lIanucllon.
<br />
<br />3. ~IIM.... .......... of ".,.,.,. Truelof will nol commll any ....e
<br />upon 'he Pf~1 and will, a. aU Itmea, maln'.ln ..... a.me In Oood Old.,. and
<br />COfMIIUon and will maka, trom 11m, 10 lime, all '.paul. f.nl.all, "Pllc.m.nll.
<br />AddfUonI MCI JmprOWWMftl1 which ara 'UlOn.bly required '0 prhlf1t wUI.,
<br />Irnpalmwll. Df dal..IDf.llon 01 uld proporl~. No building Of Imll'OYfiMnl now Df
<br />""'.Iter _lid upon .'" ',_,y .h.1I be IIIO/ed. ,_ Df __
<br />wlll10ullIWpIICW .,lIlen co,..."t A' lenaflcla,,/<
<br />
<br />t. ~..~. In Clle 01 an" damage to. 0' dellluCllon 01. thl bulldlno'.
<br />tmprDl'elMnIl Of _10111' prop.fly coruu'ullng PI" of 1M TrUll p,open" .tw,ner
<br />IUCh kJU I. cowered by lnaurlnc.t Of OUNt'.'N, TruIIOI, It III 110" COil and
<br />Upttn.., will ptornpUy "11011, '.paU, '1Ip1'C' and rlbulld lhe I&mII .. nsarly II
<br />pt'act~ 10 III condUlon Im~III.ly prlot 10 tueh da~ Of dM.lfueUon Of wnh
<br />IUCh Cflangtl IIncI .11..tlonl II TrultOl may diem approprlll. provlOtd IUCh
<br />__ _ aII...1I0na do not ""'''.111, ..._ I'" ..Iuio _ ulJllly of OUCh
<br />bullcllntl.. 1__' _ ....lOn.llly 'rom 1111' ..I.Uno 1_1.1.1y II'IOf '0
<br />lUCh __ Of _trUCtlon. TrUlIDf l1li11 be OIIIUIacI to ,oImbur_' 'rom ''''
<br />"Ult.. to I" ......1 oll"'l1IllnIUI'nc. p_. ,acolWld by T,u.'.. but only to
<br />... _11ft! of lIlI..tllll_......- _Ihl. provillon.
<br />
<br />I. c.,er.te T,.... .. ""IIDlI8 . COIpoIl'kJn. II will do III thing. necalury 10
<br />.......,. "1 corporat...I:lIence, rlthll'ancI prl..U.ge. under lhe.... 01 I'" .tate of
<br />ltIlncorpofltlon.
<br />
<br />t. -....-. Trvalor, II ,.. elpen.., .111 mllntaln .Uh InlufOlI apptoYed by
<br />a..nc..,.,. "*-Met .lIh ,..pee, '0 ,,... Impfowam.nll Ind pellonal prope'ly
<br />COMIht;11ttt IftI "'00*1" aoaInl' kJe. bJ fue, IlQhlnltiQ, Icwntdo. Ind olher "'lit
<br />~iId tt>> atandatd ..tended ~..agt lIndo'HlMn" In In amount lQual to .t
<br />.... orw I'luNIl'Id percent o' IhI hIP 'epillC-emen1 ..Iue ''*801. and Inluranee
<br />aeatnaJ MCft 0IfW ~I and lit eve" II'hOUnl II f. CUllomet'ty cat""" Dr OW,.,I
<br />tnl:f ~"on m ...... CJIfOI*1lal and .. ....Uclar)' ma, 'ICI~I" lOt "I
<br />IfQIIIaUon 1'''''01 aid tomptf .lIn eucn ofhef ......'.,menl. .. ..,.,.fk:lary mar
<br />..... U- . lAMe '.....1 ~. IN ",OI_nOft bf klauranc. at 'he Int.,." of lho
<br />
<br />...p<<II~ p.rtl.m AlIlnlurlnca pollel" fI\IIln'llned pur,ulnt ID Ihl. Trull DMd
<br />Ihan name TrUll.. and &entllelary II Inlured., lllhelr rHPKUnlnt""1 mar
<br />appea" and provide lhal lher. 1"-11 be no clncelllllon or modUlCliuon wnnoul
<br />1It'..n d.YI p,lor wrlll.n oOlllle.llon 10 Trul'" and Beneficiary. In tM ...1In1 an.,
<br />policy MflUncMr I. nol renawld on 04' before JlIINn daYI prtor to 1'1 ..pUI.lon
<br />dl'I, T'u.t.. or e.n.'k:lary mly procuflluch Insur.nc. and the COIl thereol Ih.n
<br />be Idead 10 the loan MCured b)l' Ihlt rrull 0Hcl and lhall IbHr Int.,..t .t 11\8
<br />gr..ler 01 thllnl.,..t r.l. .pee"" ther.ln or ,he hlghel'lnl.r..t r.l. aulhOrlZed
<br />by lhe 1'.1 a' the 8tltl "t H.br.aka. Trullor .h.1I deliver to Benellcla,., IhI QdglMI
<br />pollela. at In'urane. .nd ..nlwll. lhe,lO. or memo COQleI o. luen.pollct.. .nd
<br />r.newllllth,reol. Fallu" to lurnl'h In.urane. by Trullor. or rene..I"1 requJ,.,
<br />her.und.r .hall, II thl option a. &tin.llcll"" conllllul. I dellull. All unear,*,
<br />premluml .r. hellby .1.lgolI<I to TruIIN II addlUonal neurUw .nd . .ale ano
<br />Gflnv.vanc1 of thl Pro~"y by IhI TrUll.. Ihall opara'l to conv.y 10 thl purchlMr
<br />'hi Trullof'l Inl.r,,1 in and to all pollele. at Inlurlncl upon lhe Tru.t Property.
<br />
<br />7 T.... and A...........I.. Tru.lor ,h.1I P'Y .11..... and lpecil' ..Hilma nil
<br />'....Ied or 11I1'led .gllnll 01 due upon IhI Property beJor. dellnqu.nc." and .111
<br />dlllv" 10 Blna'lcl.,., cc.pl.1 01 rec.lp" Ihowlng plymenr 0' luch t.... and
<br />.peCIII......menls I' asn"let.ry a"alllo reque.I, TfUllor Igr"l 'hI' '....r. Ihlll
<br />be added 10 lach periodic pIVmlnl requlfld 10 be mIdi hereund.r In Imounl
<br />IllImll.d by TruIIII 10 bl luUlet.nl to Inlbl. Trllllo, 10 Ply, .1 I..., 30 dlYI
<br />ba'oll dellnqu.ncy, III II.", 1S11,lmlnll or ottler publiC chlron 10'IRlII the
<br />TrUll P.oparty, thl Noll Ilcured b~ ~hll 'rusl Dud. or upon Iccoun' 0' Uta lBbl or
<br />Ih. lI.n 0' Ihl. Trullt 0Hd. loo-ther with premluml lor Insur.nc. rlQulrecJ to be
<br />pmvld.d undel 'hi!! f,ul' Deed Ind no Inlsrerol Iftlll be PI..lbl. 10 Trullor In
<br />'I'INCI lhelltO' Upon demand by TruIIHI, Trullor ",hall ."v" 10 TrUll.. luen
<br />additional luml 01 mon.y I' .r. n,cella.')' to ma... up nny d.flciency In 1M
<br />amounle nee'IIII'" 10 .nlble T'ulln 10 PlY amy 01 tn. lo'egolng nlml
<br />
<br />l iIlckM...... L..... T'ullor ahlll m.kl all pl~menll ollnll,"1 Ind prlnclpal Ind
<br />payman'l 0' .n~ olhlr &""011, IHI, Ind ..pen... contflcted to be PliO to-Iny
<br />..ltUng 16en holdera 01 pflof banlllcllla.. unda, Iny p,lo, T'uII Deed. MOf'1gI0' or
<br />ot...... Meurny IIQr..man., before IhI! dll.they I,. dellnqu.n' end 10 P'Y Iny ather
<br />claim which teoPafdllHtho Neurll" granted hellln
<br />
<br />i, _II1II01 _1cIaoy'. lie""". Should T'u.'or 1.1110 mlh. .nv pa~monl.
<br />1.11 10 do .ny lei II hI,a1n pnwkled, Of II Iny letlOn or plOCMdlng II commenctO
<br />which mal...llliy aUacl. IIIotUcll'Y" Inl,,", In-the ProcMrty, Including, bul nol
<br />limn., 10. emlnenl dOmain, InllOl..nc:y, 1"lngerMn1l Of ptOCHd~' InYOtrlr'O I
<br />benklU;l' Of decedetll, then Benlflelary or T,uII.. but .Uhout ObI~IUon 10 dO 10,
<br />Ind wl1hout nota to Of demand upon TruIIOf, Ind '*Ilhou' re....lng TlUllor from
<br />enr DbllgaUon t\eflundef. may m... 01 Ita 1ft. Dime. and mly pay. pure"....
<br />eonl..t 01 camp,oml.. any ancurnbranca. cnarge Olllln. which In Ihe 'lIdOlmanl or
<br />.lIher Ippelll 10 .tract laid Ptop.,ly. In .."clllng Iny tueh pewee,.. IhI
<br />"naUcllry (N' T,uII.. ml, Incur Any 1I11J1llt~ Ind '.p.lnd wh.al.~ amoonl..
<br />lndodlng dllbt.uNfl'Mlnll 01 'I..anlble ,UOlney', 'M', .hlch In '''Ill lOIdul'
<br />dlllC'lUon, ma:y be nee....ry I" lhe *""1 'hal tru,lOf thall 1111 10 ptCCure
<br />I"'u,.n.... 01 to PI' ,...., and lpeell' "Maamlntl I)l 10 mu.a en'll p,,,~1I 10
<br />..IIUng Of ptlOt 1'-" hokJe., Of be,..flclartel, II'ltI aen"~I'rr m., I>><<u" tut,",
<br />I...."'.nc.a and mak. tuch p.,n'tInlt All ",me Jncurred Of upended b, ......'k:l~
<br />Of '''01'1_ 1I'l,r;:~ord.nct .lIh .,.. "rn.-ltlont or thll I'u.1 (~I't elCuf1!d""""
<br />
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