|
<br />" (
<br />
<br />TRUST DEED
<br />
<br />THIS TRUST DEED, madelhls 11 th
<br />be and between:
<br />(A) '"nA I"~
<br />
<br />dayo!
<br />
<br />1111 Y
<br />
<br />llE"RECOllDE088- 1 0 5 8 3 5
<br />~.J\- 103793
<br />
<br />t 19 RR
<br />
<br />[,~- ').
<br />
<br />, whether one or more, herein.
<br />
<br />nll~nrlt- '" "'~""''3' ~ p~T
<br />
<br />and
<br />
<br />(B)
<br />
<br />Howard E. Tracv. f1ttnrnF!V
<br />
<br />~RR"?
<br />
<br />altar called "Trustor" whose melllng address Is p.n Anx'17 rhApmAn, NF
<br />
<br />NF"
<br />
<br />RRRnl
<br />
<br />as "Trustee" whose mailing
<br />and
<br />
<br />address Is
<br />(C)
<br />
<br />706 Illest Koenia. Grand I!'il and
<br />
<br />Northwest National Bank
<br />2008 No. Webb Road. Grand Island. NE
<br />
<br />as "Beneficiary" whose mailing address Is
<br />
<br />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 warrants 10 Trustee, In trust, wllh power of sale, the
<br />followlpg described property, situated In Hall County, Nebraska:
<br />
<br />The Southwest Quarter (SW!) of Section One (1), Township Twelve (12), North,
<br />Range Nine (9), West of the 6th P.M., 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 />foregolng,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 />andthepaymentollheprlnclpalsumof Thirtv Thousand Dollars(1 30.000.00 I,
<br />as evldanced by I promissory not~ 'bearing even date at the rates of Interest thereon which mey here alter be peld
<br />or advanced under the terms of this Trust Deed; both principal sum and Interest thereon being payable according
<br />to terme set forth In said promissory note, reference to which Is hereby made, at the olllce of the Beneflclsry or at
<br />auch other place aathe holdar may dealgnate In wrlllng, the IInal payment of principal and Interest, II not sooner
<br />pald,shallbedueendpayableonthe 1st dsyof ~arch ,1996
<br />.. and as this note may be extended, renewed or modified in writing
<br />Trustor and Benetlclary covenant and agree eafollows:
<br />
<br />1. ........~ TNlIar" iawful., __all.. "Ql*tr. 111WI fDOCJ rlgflt and
<br />Lawf&iautl:lOrtl'IO.......con.... thI~...PrOC*I, .. ,,.. and CiUlCIf all
<br />......Md~~ ,.... of fMlOnf; Md flu.tor ..U.wrllftl ~
<br />...... ...,ltIII ID I,. ~, untD I" TNII'" and II. ~ and..1IOM
<br />~.....II'ItCialllllial~1 perIOftL TMtor.a' .t..QMlftM..IUlUlnlalnMCI
<br />pr-.........CJf1hllT'ual DeIIll...llIII'lui*lI.....Trual Pfopet1,~ Dtltr 10
<br />~""11nO _ CJf I,. U.. MteDf..U1 CIIUMlNI TNlI DMC. and eacll
<br />.......... Dr 1lUpplMneft11herel0. 110 be JI'-I and rKOrdtd .. a mortPOl 01 U..
<br />TruaI ,",,*,,"laCI'lftl&ftMf~ I"auchpq.c.. ancI.U1laU IIUCtlDlhll.:actlM..
<br />~ u.CIpIn6an afT.... mI," qqutted by an, praMt Df 'Ulln". In 0tdIr to
<br />.'.:1. malnlUnand protet "-lien ot Ihll TrUll DIM. all....... NY be'tam
<br />._10........01' 1Il4IP""-'11d.
<br />2. ..,........................L Trullor .,.all puncllllll,~, If.. prlndpJ 01.
<br />and........ an.... ~ no.. lac:ludlnG"', "'Inen OW.hla. prvw4dMI
<br />hINIn on ... II-. end at .... pl&cll and In I'" matUIet ptO'IlIMMl UlIf.ln .nd .111
<br />punctual., PI'fonnall ~" condIUon. and pllwlllon. 01 an, 01_ MCutII,
<br />1nItru_, DilentnCDmlCtton.llhlhlalranMc:Uon,
<br />:a. ,..,.................... .. ,.....". T_'OI' will not commit anl' .....
<br />~..""""'.... wUt... ..I....... qIntaIn .........1" good CItdIf....
<br />COIId/tioII.... will tIIIka, 1JDIII tllne lD tlftW. aU reawra. _Il..~..
<br />IIddIUDhI ... kr\prDNmIntI wllldl .,. .NIONDI, '.ul'. to prewtftl ......
<br />~ Of ~lotaUDn of uld ptDWft,. No tIulldlng or maptOftfMnl no. or
<br />........ ...... ~ lhI flrfll*l' .....11 ~ a1twM. ____ Of cIInIoIIIIItlId
<br />......prkIlIwrtl_~ol.....,IcW'.
<br />... ............... I" CIM of .,., da/MgIt to. or "'lllCIMln at, U. bulld1nga.
<br />......--. .......lI'Df*Il' --.111""" 1*' ot .,.T....~. ..,.1_
<br />.... ... .. COlMIeII by InaurMGII or .......... T.ullor. al Ita IfMI eml and
<br />..... ... prDfIIPlty raIlon., tIIPaIr. raplac4I and .-bUIld I'" Iarn8 .. ....., U
<br />~kt"'COfIdIIton~""prIorlo.uch~ordlatl'llClIonor"llI
<br />__ ~ ... .....UOnI .. TtuPIf mQ -.n appnapr1I;la prDl60ld auc:h
<br />ce.r.- MIl ........ .. nDl mUIRaItJ .... n. ,.... and IIllHty 04 -..ell
<br />......... ....-u ... PIWIClftIIItr IfOIn that aIIllng IIIIlMd6aIatr pr... 10
<br />__......_............ T,.&or.........uu.d I.D ~".. till
<br />,....... ..._......... till........,.,.. proc:.cIII""'" brT......llulontr 10
<br />..._......:au.lI............... .....pl'CIflIIorL
<br />.. c....-n.MI. H Tf'UItDf... c:orprnl~, It .1$1 dO al tNnp ~ 10
<br />..........................ripllaand..,....,.. ...n.rlhl.... 01'.......01
<br />..-
<br />
<br />.. __ T....... 1l1aI..~ .111 malntal" .lttllnllttOl'lo aopl'OOOIId by
<br />~.____"'~I.DI'" ~tllItld~IOfOllll'tl..
<br />~ a........ IIIAnII ... _ t.... 118l'l1J'ltfll. lDmIIG. ..,., 0fW 11111/.
<br />___~..................._..........-. ..._-....~\O..
<br />... .. .......... ...... 01 _ ItIII .......... ..... u.aor. and ....ara
<br />.....__....................m.. II tultDlMlI" cattllGbt'__
<br />...___.......................... ......IC*J' -,-,...... 'Df III
<br />......... T.......................... r-.wlt-'- .. .....1r:1M)' _,
<br />__._...-..u.~"" _.......Dt I"-In....'.._
<br />
<br />NlPCtI'" ~rtlel, AlllnMlf..... pollc611 mllnt.lned pufluanllo Ihl. Tndt o-cI
<br />IfLIIl narM fr,,....ncl ....,k:"".. Itllurad.", lraw raapecll.. 1"....I.-r
<br />.,....,. and pr~ ''''111... IMII ... no c.""".t1on Dr modllallon .Ilhotll
<br />IIIIIM ctap pilOt ..lIIen notification III 'ru.l_ and ....11c1Ul. In 1...,.1 anl'
<br />policy heteundlr I. "01 reMWefl on or bllor. ,.,1.... d.,1 ptIDr to II. .1Ip1I1Uon
<br />1lI1', T'u...or......6C1atJ IN, procurelUClI 1"1U1lrJC*.nc1 t... cDI,1....-ao1 IhllI
<br />be adcMcIlo IhI IMn MCIftIId by thl. Trull DMd .net ....1I1lU1t Int"'l al 1"-
<br />or"'" of I,. jn...... 'a'. .,aclflact lhefaln or IhI "'glll.1 int..... ,ate aut....1lad
<br />br.fIII ....ofIMB.... 01 N..... Tru.lor ....lId11'-to...nel.c........odf....
<br />pot.clel oIl~.ncl .......... lhetaal Of tMfI'ID copiH 01 auch,~oUc'" ana
<br />11......1. IM'Mlt. Fallufll 10 lumllh IIlIU'IIIc.1 by TfUlllM. or ,.,....... ....Ullell
<br />MIIlUndel" .NI1. el 1M opuon 01 ......Uclery. c:orqltlutl e dllaulL All ............
<br />PBmlllml at' ...... a..lgRICI 10 rtu.l.. .1 addlllonal .-curll, and a .... and
<br />:t:;::~e~~::.::-.=::::-~%:-o~~~~=I~::==;~:II:=:-...
<br />T T.... IINI ............... Tru'IDI IhIiU PI, all 1..11 Ind 'PKIII ......InIfI1.
<br />lIyled Of ........, ag..n'l or d... upon "\I Properl, belat. rHUnQutlnCl'. wild .1lI
<br />dell"., to BtInallc.lll' ct.pl.. of 1~lrll .nowlnp pI,menl or .uch I.... .nd
<br />.pecl.I.....amenl. II a-IICllll' IhIU ~ lequ..l. T'U.IUf '13""lnal I""'. .11111
<br />M .:kIId to uch perlDdk: PI,ft'IIfIl 'lClill,. to . midi t\Ifeuftdet an emoutll
<br />..UtNla.l by T'Il.1.. 10 bI '1l1Ilcl.nl 10 .nablt f'U.lor 10 plr. .1 ....1 .xl da,.
<br />beler. dlllnquancv. .11 I..... ..us.menl. or nlnar publiC ctwgll 'Il..nll IhI
<br />Tru.1 Prop.-lIr. 1M Ngt. _Illld II. !nl. TI".' DelO. or upon Iccounl 011,.. dlbl 01'
<br />I,.. Ibn 011111& T,u.l Deld. 1~11IlI1 .1111 pllmluml IDf In'IlI.l11C11 laqU.,H 10 0.
<br />prnyla-d un""r lilt. TlUII Deed .nO no Inl..e.1 .11.11 be p.)'abll 10 Tru.lnr In
<br />Inpect Ihe..t01 Upon Mm.nQ b. Tlu.I... Tru.IOI .tl.l1I _II... to TIU.I.. .uch
<br />addlliooal .uml of mlH\l, .1 .r. MC"'", In mak. up en, d.llclInC. In 1M
<br />.rnounl.__....'to.nableT.u.'..lop.)'lItlyoltnelarltfDlngll.....
<br />
<br />l ,................ Tlu.tor It\III mak. all fUI.,manl. ollnt.....t and principal ."d
<br />~'fNfItl 01 any 01_ Chi'",". flU. and PPItIM. contlllctad 10 M paid too.,.,
<br />....lIng lien I'ID6dItI 01 prior blNllclatlell,lllQat any prior T,ull 0Md. MDflDaQeOf
<br />01"'" MCW'11y IO'IIfMftI. beIDl.IM dal.1~ at. dlunquenl and to I*..nr oU_
<br />~wtIICIl~IM~..r11'1IfWl'.o"""n.
<br />1_ ,...............".. llalrttp. Should T,u.lo, 111110 m.... .n, ~t.
<br />f.."odD....,acl.. hlretnprow""'.DI' l'anrIlC1IDt1orpn:rc..cllngtl~
<br />..,Idr ....larIaltt' .'_1' ....k;IafY.. In"" In U'II PrDI*1', Inc:lucllna. b&ll not
<br />lI""tadto,"""'IIl1otn1l1n,IIIIOhPanl:f.an~t.or~lrnrCIhlng.
<br />blnkNPl or dIc:eOInl. Ihln Banellcl.ry or TIU.... buI.llhoul DbllgatlDllID do 10,
<br />.nCI..houl noIlce toOl derNn4 upon Ttualor. and _llhoul ~ llUlt1llf ,,..
<br />any otMJgallo" r-eu......, mil' meltI DI lkI lne 1aft\I, .MI "'" PlY. pura:"-.
<br />CDtl_IOl~.IIIr~Cl.chargaorllen..n.c:fr.nIMI~lot
<br />III. IPPMB to ..!tacl I.IlCl 1"roper1" In ...rclllll1l .n, IUcn ~ ttle
<br />....11ciatJ or TfIlA'" m., Incur .ny ILabllIly and ..pend w,..l..... _t..
<br />Inc.IulSInO dllllut..nanll 01 ,......,.. .1t0l1Wy'. I... "lien In ."." .o.oau..
<br />~Uon. mer be MCaUlIy, I., I,.. MIMI 111&1 TlLIIIIJf II\IU lall 10 JIfIIDD
<br />'-ta_or 10""11_. -"" ~"I__II"" Ig....... 1"'P.._llle
<br />....I.... or p.l.oI lien hoIdwI or blt\lIICW.... ItIe e.n.11C1.ry mI, prIXU" IUCII
<br />lr'I6uranelanr:lmeUaucn-.~" All""". IllCilltICIDlI.pe~ b, ......ICWy
<br />or ''''._... eccDfllenC* .11" """ pll>'f'- ..I In,. '....10-1... Me.."""......
<br />
|