|
<br />88-102591
<br />
<br />16th
<br />
<br />day of
<br />
<br />TRUST DEED
<br />
<br />RR
<br />
<br />THIS TRUST DEED, made this
<br />be and between:
<br />(A) Constance K. Swanson Kersten
<br />
<br />MFlY
<br />
<br />,19
<br />
<br />after cslled "Trustor" whose mailing address Is
<br />
<br />and Mark E. Kersten. wife FInd hnsbFlnrl
<br />, whether one or more, herein-
<br />1509 W. Koenig Grand Island. NE 68801
<br />
<br />and
<br />
<br />(8) Howard E. Tracv. Attornev
<br />
<br />address Is 706 W. KoeniR Grand Island. NE
<br />(C) Northwest National Bank
<br />
<br />as "Trustee" whose mailing
<br />6AROl and
<br />
<br />2008 N. Webb Road Grand Island. NE 68803
<br />
<br />as "Beneficiary" whose mailing addre.sls
<br />
<br />WITfoJESSETH: That Trustor, in consideration of One Dollar ($1.00) and other valuable consideration receipt
<br />whereof I. hereby acknowledged, granta, conveys, sells and warrants to Trustee, in trust, .wIth power of sale, the
<br />'ollowlng described property, situated In Hall County, Nebraska:
<br />
<br />the center one third (1/3) of Lot two (2), Block Sixty five (65), in the
<br />original town, now city of Grand Island, Hall County Nebraska
<br />
<br />The Intention being to convey hereby In absolute tllle In fee simple, InCluding all the rights of homestead and
<br />dower. together with all buildings, fixtures, Improvements and appurtenances thereunto belonging; and all of the
<br />foregolno. together with said property are herein referred to as the "Property."
<br />
<br />FOR THE PURPOSE OF SECURING performance of each agreement and covenant of Trustor herein contained
<br />and the payment ofthe principal sum 0' *thir t y thousand & no/ WOoHars ($ 30.000.00 ),
<br />as evidenced by a promissory notlbearlng even date at the rates of Interest thereon which may hereafter be paid
<br />or advanced under the terms 0' this Trust Deed; both principal sum and Interest thereon being payable according
<br />to terms aet 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 wrlllng, the final payment of principal and Interest, I' not sooner
<br />paid, ahall be due and payable on the 16th day 0' MfI Y , 19 qA
<br />*and as this note may be extended, renewed or modified in writing.
<br />
<br />Trustor and Beneficiary covenant and agree a. follows:
<br />
<br />1. ......., of..... T...,.. '- _utIJ _ 01'''" '"'-v; 1'_ eoM ","I .nd
<br />IIwfv'~"'''''__IIIe''-Iy;I''_YI.'r._C_oI.H
<br />...... eftCUmIWMGM"cept I.. now of record; and T'U.IOf .... ..",nl IlNI
<br />dIIeMI'M II'" kI eM Propeny unlo 1M TlUt", and n. IUC~ aM ....,..
<br />1of....1geInat the c...... ct... 1*I0Il1. Truator. 11111 ..,.nM. .IM malnUwn and
<br />...... the _ of aNI T,.... 0IIId II allen I.!pon lhe "1011' Properly IYlttKI on... to
<br />1M1GUMtnnc:II_llliftg II of the H'I hereof. will cau.. UN' Trul. 0Md.1Ind He"
<br />IImIIIIIInIenI ar IWppIM1InI thefllD, to be Illed and flCOfcltd '1 . monpee of ....
<br />T_....,....,..._ _ .nd,...... plec.,.nd .1l1111011...ft .11'" ..,oon II
<br />M .... opInIQft 01 T,...... 1MV' be requlrMllIy any prnent Of 'Poll"'. ..... In Of_ 10
<br />fMI1<<l. malnl. and protectlhe lien o"hIe T...I' Deed. .. lhe lam. IN" bll.om
<br />.......II"'._.._tomon'Id,
<br />2. P...-e.................... T.UltOf Il\all punc;ullly PIIy .,. ptlnctpal Of,
<br />and I........ on. MId ~ no.. lnclucfing, Iny 1lChMC:e1 1'*110 .1 provkMd
<br />....... Oft 1M ...... an4 .. 1M p&ece end tn lhe manner pl'D'lidIcI thefeln and will
<br />punct.... perIarniI aU .....,...m.. conclItUone and prO'lllJonl ot an, ot,., Mewlly
<br />_.-..._wtllllll11lr......lloo.
<br />:I. ........ 1M ~ .. ......... Trullor will not commfl Iny ...,.
<br />..,on tile ...,..., ... ..... at IU IIfMI, IMlnlaln 11'.. Mme In good DldIf MIl
<br />~ MCf will 1ItIIU. from ...... 10 lime, In fICINr', ,..,...111, r~laclfMnl'.
<br />IddMIoM ... ~I' ..uc.. .r. tlllOftaOlr required 10 Pf8'WMI ......
<br />.............. 01 dllefkltaUon of Hid ptop<<t,. No bulldlng 01 ImlN'~' now 01
<br />...- _lid _ "" ,,_W _ bI 1l",1ll. ......... Of __
<br />_lllo_""'...-'oI_lcII<v,
<br />.. ..... .......,. In c... ot an, dM\ege 'a. or dellNCUon ot, ,he bulldlftOl.
<br />...............ort*1MM"le1 propet1y CDfW,UIMflntl ~)"I of me 'Nil PtDpettr, ...._
<br />..... ... .. ~ by tneut.... or <<Mr.l.., 'IUMof. II n. ... COIl Pel
<br />........ .. "...., "'10t'~ r.,w. rtlPlKl IIftCI Nbullcllhe IaIM .. nMrfy II
<br />"_Io'.._Ioft...-....., ,....... ___..liMltuc:lloft.. .1111
<br />__ __ _ 11_. T...1Or _ _ _11,._......
<br />-....... -.- dO IlOl -..My _ lIlo _ _ ull!ltr aI OUl:h
<br />......... __,L..~ ___ .... per...., rlOlft t.... ..1".... I4NMlIIeIetr pnor 10
<br />___..-._ T__......"....IO___
<br />T_......._al......____1ty1_..._to
<br />.._..lllo_______-'_
<br />&. c..-.I.-. " ,...... '- . ~tNaft, It .111 t:Io '1I11linp MCeHiII't Ill'
<br />_n.__..............,,-.._""_al...._oI
<br />"'--
<br />
<br />.. -. TtuelOf. .t tt.a ........ .01 maintain wlltt tnNtOQ ~ by
<br />.......". ~ ... ~t to ,.. I'""CMilNfttIl .nd ~ JJ'DPIf1r.
<br />-..............., _, -.. .'" """_ IOr.-, _ .... 1*'11
<br />..... ., ............... W'I'It... IIINIOtMmIftI. 1ft an MlOUftI ...... 10 II
<br />..... .. ..... ....-nI .. Ute ... ~ .... ttwwaf; ... "-"IMC.
<br />.........._...........tn twe............. It c~ cantM Itr~.
<br />...._.. _ __.. _,."...., _lor ""
<br />--- ,...... - ~.. iIIIdt __............. _ ~ mati
<br />... ... .. - ,..... .. ... .....'_ Dr ......1lIftQ Of UlII iMIf'" Of .,.
<br />
<br />,"",II'" par1111a. Alllnlurlnce ponc" INlnlllned P\lrlUlnllo Ihl. TNlI o.d
<br />""'II nama Tru... lna ...rlclaty Illnlul8dl. .. lhelr fHPKlI... In..,..t."",
<br />appear, and prowtd. thai lhell 1M" bII no Clnc:aitatkm Dr modlllcaUon wllhOul
<br />IIU..n daya pckK .rIIl.n nolllle.llon 10 Trull.. and Benerk:lary. tn lhe ....1 aft"
<br />policy, Mreundef I. nol r.newed on or "'oti 1If'..n dlya PIlar to III laplra1l0n
<br />da", Tr".... OI.....'ICI.rr m.~ prOCWllUCh In'''flne. andlhl! COIllhlrlOl lhall
<br />.. .... to the lOan uc:vr" br Ihl, Tru.. DHct .nd ,hall tHr Jnlll..1 I' lhe
<br />grMI. of 'heln'.....11111 IfPIICU" therlltn Of the hlghNllntlr..1 "'1 aulhorlled
<br />Ity '''" II.. or '''" al.l. 01 HlIlfukL Tru'l" ""11110''''10 1IoI1.f1cllry ,... 0fIG1..,
<br />poIlfiit.. 01 'nIU'ItftG. and ....,..81. Itwrwot or ml'mo CopWl 01 IUCh"poUCle.And
<br />'.......al. tM'*Ir. F.llure 10 fumllh Inau'lfKtI by Tru.IOf. Of rene..I. II requl,ed
<br />herlUnder IhIU, I' the; option 0' BenefiCiary, con.llIull . dalaull. All unearned
<br />pr.mlum. .r. hereby .-aligned 10 'rUII.. II additional Heurllv Ind I .... .nd
<br />GPf\vay.ncl 0' IhI Properly by lhe Tru.'.. ...." opeflt. 10 conv.V 10 t.... purCI\aMr
<br />the Try.lcx',lnt.... in and '0 all pollcl.. olln.ur.ne. upon the Tru.1 Propelly.
<br />
<br />7. T........ AaMatMIftIL Trullor .1'1111 p.y .lIt.... Ind apeel., 1I....menll
<br />'.v..a ot .....Ud apln.1 or due upon I,. PtODl"y blfar. cMlInqulney. and will
<br />dall..r 10 Ben.'lelafy ct.pJ.. 01 fK.lp'a .howlng pI~man' 01 auch ,.... Ind
<br />.peelll ......m.nl.. If hnallcll'Y .hlill .0 requIII. 'rullor ag,... Ihlllne,. ,han
<br />tM added 10 .aCh periOdle paw-menl riIQul,1d 10 be mada tHtteuno.r In amount
<br />..Umltld by TrultH 10 be lurtlel,nl 10 ,nibil TruIIOf to ply, ., ....1 30 dlY'
<br />belOf' dellnqu.ncy, all I..... .IHllmeRII 0' 011'1" public CNlg.. ,;,Inll 1M
<br />Ttu.1 PtopetlW', Ihl Hotlueu,1Id br !hl. TrUll Deed. Of upon accounl of the dabt or
<br />It. lI.n ollhll T'usl 0Nd. loglIlhe, .lIh premium. fOl Inlurane. required 10 be
<br />p,ovlded untl81 this T,uI' o.d and no Inl.".1 I"'u be pG)'able 10 Tru.lor In
<br />r.apec;1 'hereof. Upon demantl b)' TruI'.I, 'ruIIOt ahall ..II--.r 10 'ru.l.. luth
<br />addlllonal lum. 01 monav at .,. n.c....'., to mah up an\, d.llcl.ncy In UWt
<br />amounl. neeln.ry '0 .n._ TruIIH.o".y any 01 ,.... 'o,egolng 111m'
<br />
<br />I. ~ LIIM. Tru.lor .hall ma.. .11 p'rmanl. ollnl.,..1 .nd prlnelpa' and
<br />p.~rnanl' 01 MY olhef ehllgaa. I..., and ..pen... eonlfacled 10 be patd looany
<br />..I.lIno..... hokterI or p,1ot benl'lew", under an)' prkw TruI' o..d, Mortgaoe Of
<br />OItMw MeWI", IQfNmenI. "'orlIN data ther'" "~I.nd liO per 1"1 olher
<br />clMn whlcftjeOpMUl.. the IlCUrll,granl<<l fter~n.
<br />
<br />I. ,.................".........,. Shoukl Tru.tor rau 10 m.... an., pi)'rMftt.
<br />IAUlo do eft)' Kt .. "fill" plOW"". Of If an)' action or PfoceMIlng II eornmencecl
<br />wtl~ rMIerIaUy .Ntell ....'k:1arr.. In'"" .,. IhI PfopeI1" Including, ~I not
<br />HIN'" 'D. eminent 4OrftIIn. IneohIencr. '"~l' Of proc:lIIlHng. kwohlnQ .
<br />IlenlUupt ar IMctIdMI. INn ..neflcl.1y Of "UI'" Oul without obIlOaUOft 10 dO to-
<br />..., .lI.ltoul notke I~ or demend UCMM'l Trvelar. and wnf'MJu1 ........"" 'rUltor 'fOft"l
<br />Iny abQga!Jon tterwnder. .....y mM. 04 dO IhI aeme. Ind _y peV. purct\l...
<br />conlHllII~....., encuatDranca, Ch&lpO!' '6en. which In '....,udgWMnl or
<br />....... IClIl'HfI 10 aflecl HId Pfaperf,; in .1lWell'nt an)' lWeI'; PO"'" 1M
<br />.....lctasr or Ttua'" may Incur .ny IIAClIIty and ..pend _hal..,., amounll.
<br />"hading. III~I. of fttaaanatHI 11I0In.,', r... 1INch In thl'" ~..
<br />~1On. .... &lII ~. ." In. -.en. thai Truelor 1M" till 10 pnx-.
<br />.......1ftCII c.- to "' lb_. ~ fPIIC:laI ......tnenl. or to mMe any pl,menla 10
<br />..t.atlng .. prioI' Uen !tIitIlIItr. 01 benefIC..... ..... ....'IC..'" mI, procur. tue"
<br />lnlIut_noe IIniI rr-.1UCft ","*,,11 AU IIUIM incur.... or IllpencMd by ...,.nclar)'
<br />. 'lUll'" WI ~ .It,. I,. prowlaton. of rN.. Tn.... 0Nd ".INC~ .....,
<br />
|