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<br />f 88- 103065
<br />
<br />TRUST DEED
<br />
<br />TH'S TAUST OEEO, made this 13th day at .Jurl!'!
<br />be and between:
<br />(A) Rick. D. Rauert and PatriciA A RAIIPl"t, HI1"hAnrl An" !J;fe
<br />
<br />,19 88
<br />
<br />, whether one or more, h~Jreln.
<br />Grand Island. NE 68801
<br />
<br />(8) Howard E. Tracv. Attorney
<br />
<br />artercalled "Trustor" whose mailing address's 1414 N. Locust
<br />
<br />and
<br />
<br />addre..', 706 W. Koenis
<br />(C) Northwest National Bank
<br />
<br />Grand
<br />
<br />Island r NF. 6RR01
<br />
<br />as "Trustee" whoss mailing
<br />and
<br />
<br />2008 N. Webb Road
<br />
<br />P.O. Box 2095
<br />
<br />as "Beneficiary" who., mailing addresal.
<br />Grand T~lAnd NF. 6RR02
<br />
<br />WITNESSETH: That Trustor, in consideration of One Dollar ($1,00) and other 'ialuabl& consideration recolpt
<br />whereof II hereby acknowledged, grantD, conveys, .ells and warrants to Trustee, in trust, with power of sale, the
<br />following described property, situated In ,Hall County, Nebraska:
<br />
<br />A tract of land comprising a ~ of tOO Swtheast ~ (SE!) of Secti(ll1Wenty (be (21), TOIlIlShip'I\.elve
<br />(12) North. Range Ten (10) West of tOO 6th P.M., Hall Cwnty, Nebraska, and nme IBI'ticularly descriOOd as fol.lol.s:
<br />Beginning at tOO Southeast correr of said Sa..t:heast Qmter (SE!): thence running \ESterly aloog and upoo tiE Salth
<br />~ of said Sout:heast Q.mter (SEt), a distaoce of Three Hundred Thirty Eight and Nire Tenths (338.9) Feet:
<br />thence rumi.ng Nartle-ly jJlm1le1 with tOO Fast ~ of said Southeast ~ (SE!), a distal1c2 of (be Thousand
<br />Fall' Htmdred 1Wenty-Four and Nirety (be Hwdredths (1,424.91) Feet: thence deflecting Right 9J o,grees 3)' and
<br />nn1i.ng Fasterly a distmr.e of Three Hwdred Thirty E:i.~t and Nirety (be !hndredths (338.91) Feet to a JXlint at
<br />the East ~ of said SwtiEast QJarter (SEt): thence running Southerly along and upoo the Fast ~ of said
<br />Swthmst ~ (SB!), a distmr.e of (be Thousand Four Htn:Ired T\oF.!l1ty 1\.0 and Seventy Eight Hundredths (1,422.78)
<br />Feet to tOO !Dint of lJ:!ginning.
<br />
<br />The Intention being to convey hereby In absolute tllle In fee simple, Including all the rights ot homestead and
<br />dower. together with all bUildings, flxturel. Improvements and appurtenances thereunto belonging; and all of the
<br />'oregolng, together with said property are herein re'erred 10 as the "Property. II
<br />
<br />FOR THE PURPOSE OF SECURING performance of each agreement and covenant of Trustor herein contained
<br />and the payment of the principal sum of<<'lbirtv thJusand dollars * Dollars ($ :IJ,o:n.OO ),
<br />.. evidenced by a promlaaotfnote bearing liven date at the rates of Interest thereon which may herearter be paid
<br />or advanced under the terms 0' this Trust Deed; both principal sum and Interest thereon being payable according
<br />to terml ..t torth In said promlasory note, reterence to which Is hereby made, at the office of the Beneficiary Of at
<br />auch other place.. the holder may designate In writing, the tlnal payment ot principal and Interest, If not looner
<br />paid, .hall be due and payable on the Pi rRt day at s..prAtlhPr ,19 fH
<br />*except as this rote my te ~. extended orm:xtified in writing.
<br />
<br />Tru.tor and Beneficiary covenant and agree .. followl:
<br />
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<br />rwIItKtM""'" Ail 6neurlnOll pol.... malnlalned pur.uanl 10"'" True. DIed
<br />__T__ -1cIarr..1_....._ _...__
<br />1IOPUf. and PfowtdI ...., .,..,. IIIaU be no cenc:ellelKw'l Of tnadnallon ........
<br />"n_ ola,. _ wri'.... _"_ Ia r....... _ _..."..... _._
<br />poUcy '*1IUftdIf " not r....c on or betore '.h.." CIa,. prtar 10 II. NPklllon
<br />""", T......._..........., ____....._... _1__
<br />... - '0 I" -. -..... br .... T,... _ _ ....11 _ 111_ .. 1M
<br />III_of 1"_ r..._'....I_'or............IInl_..._
<br />br ........ 01 ,....... ol__, T,u..or ..... _'0 -.....,............
<br />_ol__'_..._or__.,___
<br />renew... t.Nreot. Fa"",e 'a 'urn"" InlUfMCe IIy I.uelar, or ......... .. rwqutr8G
<br />MtIUfldllf ........ .. .". opuon of 1Iene.k:1err. con.lltUCe . .,.,...... All uMeffted
<br />plMUUfnl .,. "".0, .'aJgned 10 "ut... I. ~ltonaI MCurIfy and . .... InCt
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<br />,. fa.... --... L ~ "U.tOlIlNII pe, aU 111.1. anct epee'.1 a'lIHafMnt.
<br />",l1li... ._.... agatnat .. ..... _ '1Ia "'_' l1li_ dell_. _...
<br />_iYef 10 .......k:Jarv cc.pie. o' ~.. ahowtng pa.......... of IUC" I.a.. MG
<br />ICl<<lal..........nll.1f """'lCllry IMtl 10 '....... TruttOf II8fMII lh111 1,*_ .....1
<br />be added 10 ~f\ P....oclk PI~"*'t 'lqulred to be midi ..,....... Aft oImOUnl
<br />IIltmalacl br "u.l.. 10 be .uUlellnl to IIRItltI "ullor 10 Ply. .1 ..... 30 daJ"
<br />belOfI MUnqYeftCr. III r..... .....amenta Of othe, PUDUc: C:ha'8I' aaatn.1 II1II
<br />t'uII Ptopet1r. 'r.. Hot. "'Vied by ~hll TrUll Dud. or uROft HCOvftI O. 1"* debt or
<br />I~ lIWI o. lhi. '.u.t o-d. 11lJgII1,* .,111'1 plltmhH'" lOt Inl""nc. 'eQvINd '0 De
<br />PfOtkted undaf It\tl "UII 0Md and no Inl....l 11'1.11 bill p.ylble 10 IIVIIOf' 1ft
<br />",,-:1 .""110' upon IMmlnd by "UII... "u'Ior ....11 ...1.... to T'...... IUCft
<br />~lllonel .um. 01 ~ .1 1'1 nee....r., 10 m... UO iIln" GeflCllIfter I" ."'-
<br />amount. neceeu".o an..... "UI'HIO pay .n, Oflhe 'OtI9OtftlIlMl'
<br />
<br />.. ........ L.... Y'U.IOf .h111l mu.1 III PIIrmenll of In...... and DttfttINI MIl
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