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<br />UST DEED
<br />' O This 'Trust Deed made this 20"' day of May, 2UU4 between rranxlin a:
<br />Stetanowicz as Trustor, whether one or more, whose address is 1714 West Charle8
<br />Street, Grand lsland, Nebraska 68803, and Robert D. Stowell as Trustee, whose
<br />address is 1545 M Street, P.O. Box 40, Ord, Nebraska 68862, and Marjorie M.
<br />Becker as Beneficiary, whether one or more, whose address is 1519 Custer
<br />Street, St. Paul, Nebraska 68873.
<br />WHEREAS, Trustor conveys, sells, and warrants to Trustee in trust,
<br />with power of sale, the following described real property:
<br />L,ot 8, Block 20, Charles Warmer Addition to the City of Grand Island,
<br />Hall County, Nebraska.
<br />The intention being to convey hereby an absolute title in fee
<br />simple, together with all buildings, fixtures, improvements and appurtenances,
<br />easements, rents, issues, profits, reversions, and remainders thereunto
<br />belonging, it being agreed that all of the foregoing shall hereinafter be
<br />referred to as the "Property ".
<br />NOW, THEREFORE, under this Trust Deed, for the purpose of securing
<br />performance of each agreement of Trustor herein contained and the payment in
<br />the principal sum of ONE HUNDRED SIX THOUSAND, TWENTY AND N0 1100 DOLLARS
<br />($106,020.00) and the interest on unpaid balances, as evidenced by a Note
<br />bearing even date at the rate of EIGHT (8.0 %) percent per annum until paid, and
<br />all extensions, modifications and renewals thereof or advances made subsequent
<br />to the date hereon, (all of said documents shall be collectively .referred to in
<br />this Trust Deed as the "Note "). The principal sum and interest thereon shall
<br />be payable according to the terms of said Note, with a final payment due on
<br />June 20, 2005.
<br />1. TITLE. The Trustor covenants and agrees with the said Trustee and
<br />Beneficiary that it is :Lawfully seized of said Property; that it has good right
<br />and lawful authority to sell and convey said Property, that said Property is
<br />free and :clear of all liens and encumbrances and that Trustor will warrant and
<br />defend the title to said Property unto the Trustee and its successors and
<br />ssi_rins fo.r.ever against the claims of all persons.
<br />2. TRUSTOR DUTIES. It is agreed by and between the parties hereto that while
<br />title is vested in the Trustee, prior to any reconveyance, and until filing of
<br />a Notice of Default, the Trustor shall:
<br />I. Retain possession of the Property and collect the rents and
<br />revenues therefrom.
<br />II. Maintain the buildings and improvements located thereon in
<br />good condition and repair; said buildings and improvements thereon shall not be
<br />removed or sold without the written agreement and consent of all. parties
<br />hereto.
<br />III. Pay all taxes and special, assessments levied or assessed
<br />against or due upon said Property before delinquency, and to deliver. to
<br />Beneficiary, at Beneficiary's option, copies of receipts showing payment of
<br />such taxes.
<br />IV. Procure and maintain policies of insurance against the usual
<br />hazards of fire, hail., windstorm and other similar risks, in sums and
<br />ur,derwri.t': -.en by companies acceptable to the Beneficiary, with loss payable to
<br />.cies
<br />l;.r.a nartie.7 as thei_.r interest may appear and to deliver copies of such pol.z
<br />to said BF:nefici ary.
<br />V. Pay to the Beneficiary, if Beneficiary so requires, together
<br />with and in addition to the regular payments of principal and interest, on the
<br />date set forth for the making of the payment- a sum as established by the
<br />Beneficiary equal. to the taxes and special assessments next due on the
<br />Property, plus the. premium that will next become due and payable on insurance
<br />Policies covering the Property. Said sums to be held by the Beneficiary in
<br />tr-i.st to pay t-he taxes, special assessments and insurance premiums. Any
<br />dofi:'•ienc ~y i.n the amount of any aggregate payment. (pr.ir.cipal, interest, taxes,
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<br />' O This 'Trust Deed made this 20"' day of May, 2UU4 between rranxlin a:
<br />Stetanowicz as Trustor, whether one or more, whose address is 1714 West Charle8
<br />Street, Grand lsland, Nebraska 68803, and Robert D. Stowell as Trustee, whose
<br />address is 1545 M Street, P.O. Box 40, Ord, Nebraska 68862, and Marjorie M.
<br />Becker as Beneficiary, whether one or more, whose address is 1519 Custer
<br />Street, St. Paul, Nebraska 68873.
<br />WHEREAS, Trustor conveys, sells, and warrants to Trustee in trust,
<br />with power of sale, the following described real property:
<br />L,ot 8, Block 20, Charles Warmer Addition to the City of Grand Island,
<br />Hall County, Nebraska.
<br />The intention being to convey hereby an absolute title in fee
<br />simple, together with all buildings, fixtures, improvements and appurtenances,
<br />easements, rents, issues, profits, reversions, and remainders thereunto
<br />belonging, it being agreed that all of the foregoing shall hereinafter be
<br />referred to as the "Property ".
<br />NOW, THEREFORE, under this Trust Deed, for the purpose of securing
<br />performance of each agreement of Trustor herein contained and the payment in
<br />the principal sum of ONE HUNDRED SIX THOUSAND, TWENTY AND N0 1100 DOLLARS
<br />($106,020.00) and the interest on unpaid balances, as evidenced by a Note
<br />bearing even date at the rate of EIGHT (8.0 %) percent per annum until paid, and
<br />all extensions, modifications and renewals thereof or advances made subsequent
<br />to the date hereon, (all of said documents shall be collectively .referred to in
<br />this Trust Deed as the "Note "). The principal sum and interest thereon shall
<br />be payable according to the terms of said Note, with a final payment due on
<br />June 20, 2005.
<br />1. TITLE. The Trustor covenants and agrees with the said Trustee and
<br />Beneficiary that it is :Lawfully seized of said Property; that it has good right
<br />and lawful authority to sell and convey said Property, that said Property is
<br />free and :clear of all liens and encumbrances and that Trustor will warrant and
<br />defend the title to said Property unto the Trustee and its successors and
<br />ssi_rins fo.r.ever against the claims of all persons.
<br />2. TRUSTOR DUTIES. It is agreed by and between the parties hereto that while
<br />title is vested in the Trustee, prior to any reconveyance, and until filing of
<br />a Notice of Default, the Trustor shall:
<br />I. Retain possession of the Property and collect the rents and
<br />revenues therefrom.
<br />II. Maintain the buildings and improvements located thereon in
<br />good condition and repair; said buildings and improvements thereon shall not be
<br />removed or sold without the written agreement and consent of all. parties
<br />hereto.
<br />III. Pay all taxes and special, assessments levied or assessed
<br />against or due upon said Property before delinquency, and to deliver. to
<br />Beneficiary, at Beneficiary's option, copies of receipts showing payment of
<br />such taxes.
<br />IV. Procure and maintain policies of insurance against the usual
<br />hazards of fire, hail., windstorm and other similar risks, in sums and
<br />ur,derwri.t': -.en by companies acceptable to the Beneficiary, with loss payable to
<br />.cies
<br />l;.r.a nartie.7 as thei_.r interest may appear and to deliver copies of such pol.z
<br />to said BF:nefici ary.
<br />V. Pay to the Beneficiary, if Beneficiary so requires, together
<br />with and in addition to the regular payments of principal and interest, on the
<br />date set forth for the making of the payment- a sum as established by the
<br />Beneficiary equal. to the taxes and special assessments next due on the
<br />Property, plus the. premium that will next become due and payable on insurance
<br />Policies covering the Property. Said sums to be held by the Beneficiary in
<br />tr-i.st to pay t-he taxes, special assessments and insurance premiums. Any
<br />dofi:'•ienc ~y i.n the amount of any aggregate payment. (pr.ir.cipal, interest, taxes,
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