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<br />TRUST DEED 87-- i0i862
<br />THiSTRUST1 DEED, Madethi5____ 121 day of April
<br />be and between:
<br />(A) Ronald Ochsner and Gale Oshsner
<br />whether One or more, herein-
<br />after called '`Trustor" whose mailing address is #5 Venues Alda NE
<br />and
<br />(B) The Legal Profession of Howard Tracy
<br />as 'Trustee" whose mailing
<br />addre93Is 706 West Koenig Grand Island, NE and
<br />(C) Nor hl st Natinnal Bank
<br />as "Beneficiary" whose mailing address is
<br />0118 No illphh Road- rrand Tslanda NF
<br />WITNESSETH: That Trustor, in consideration of One Dollar (s1.O0) and other valuable consideration receipt
<br />whereof is hereby acknowledged, grants, conveys, sells and warrants to Trustee, in trust, with power of sale, the
<br />following described property, situated in Hall County, Nebraska:
<br />Lots Five (5) and Six (6), Argo Fourth Subdivision,
<br />Hall County, Nebraska
<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 with said property are herein referred to as the "Property."
<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 Fifteen Thous" 50— �} Sollars (s 15,771-00
<br />as evidenced by a promissory note bearing even date at terest 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 is 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 30th �y Of ( arch ig °O2
<br />Trustor and Beneficiary covenant and agree as follows:
<br />1. Wom" as Ttata Tryator Is lawfully piled of tin Property; it flee goon right and
<br />awhn authority to OW and convey the Progeny; the Property is free "clear of an
<br />Be,s and MCUMDrange a-cpt Item now of record; ei-,! Truster Will warrant end
<br />defend IM title b the PfatenY ..I. the Trustee Wul rte successor- and Wighe
<br />fereaer, yeinr the cMM of all parsons, Trustor, at its eapsnew w +n maintain and
<br />preae,tte the lien of this Trust peed as A hen upon iM Trust Property subtW wary to
<br />Motu abranCN eluting as of the ate tyrpf. soul cause this Trust Dead, and each
<br />Mose~1 w supplis ant thereto, to be Iliad and Woad ea a fhortgnt, M the
<br />Tf- Prope,tY in own manor rid in such place, and will take such 011ie, action u
<br />M tin opinion of Trustee truly be rpunad by any pre.Mt or tutus aw in order to
<br />PriK1, rMintAin Wool protect IM i+M W this Trust Dead. u the " - they he Irow
<br />lima to toms Anw4.d r supp. folod.
<br />2 hywMt M PfNrdPr aM by WUL Tworlw shalt puncturly PAY IN prrncipa<.,
<br />And interest on, Sad rwnleawy now including any advances trw-to se rovdad
<br />turn .1 the data and of the piece am M it,. manner rovlded tr-.n and wri,
<br />Punetu&1IY Perform all agrsenants, conditions and pronuona of any Oihd aaeurny
<br />Inatruwant gotten M PphroAct" with this trMAW Lion
<br />d, PleswwYp OW - L,inwMtab M Property. Truawr solar nor commis any sour.
<br />upon the Pwwony And will. At 411 Moles, natnWn the Wine in good .o.n and
<br />condition end Will these, troth Ilws to lime, all rpalra. rdworaa, repf- ge,iarlil.
<br />edWtfohe aid impto- rralita Which en rpsonablr required to prMwit caste.
<br />Inlpalfwaot, of des oahon of said Property No building or irnproreifwllf now r
<br />hereafter osiftted up-- one, Property shoot.- be W-ow- W; op
<br />WNhwl the posts Written consent of hnefkWy
<br />A. piny. M A "0 b. in tees W MY amps lo, or deatruclron .1, the buildings.
<br />leWbM1W t{.a pY.ryal Property conrlluling part of the Truer Property. wnwnw
<br />Such bee a cowered by insurance w otherwise, Trusty, at As sow coat e,r0
<br />"Pp . wui rnnaity ramps, rpe". 1p1eC- and rebuild the saint u ratty u
<br />practkeftle w nA condition W W"Gla'y prior to such dams" w destruction or with
<br />Si cn Change- and aNelatlrle All Truaior shay aero aprorat. rordad such
<br />choMW And aNe,rrdw do not tNariaNy lseean the Value and utility of such
<br />anldMiga. uero.e,ners Aid OOWauly pram that Among ....do&" on- to
<br />*dales d&PW r deaku turl. Truett. halt be pilled to rein, na , bow B,.
<br />Treed to tin e-Ww a the nel Mew. 11. received by Trurea, but owes to
<br />L t~ eawit a the WUA Sum a.wndw under this provWOn.
<br />1 CWParW bees". It Tnustr Is A e.porrdn, It will W rl these. necpary to
<br />retells, lid c.waW eaNane.. IWIS W rwllegea armor the awe d the Wait a
<br />Ile uiadpdNaa
<br />a p..r.aae. Trust., .1 la aspen.., Will mAj.IWn rllh In.U,_ proved by
<br />*eMikiry, uWnw.rece With I. "root In IM Irhbro nnnana and pAnonei polwAy,
<br />ctwle,ltuhhg the Prolo" ageihill loss by lire, llghtrup, r.Mdo, aid other psnfa
<br />Cettred by standard u%now covragA anow"oani, In -n amount guar Io r
<br />leer anw hundred percent or ins (tin I4VW~t W. trm_wPf. Aid In—Ah"
<br />a0aew airNi sitter nsae,ee and M sutn .mbunl a. w Cu.IprnArilY carhaa by oW new.
<br />VIA opw t.0 w ulr -tar r -PMtlN and " "nottk+ry not, raven. I. .1.
<br />,wee"', T,wi. sow CPnialy inn such Wear rsoulreiranls N .eMlitialy Tay
<br />bess tuna to rhea squeal I. Out r.aclq•r oY rnau —. r one Ints,a.i or 1h.
<br />I-PAClrr! pant( Aft urau" cs, POW" nauntfmtl Parr— to thrs True, {lead
<br />MM :ulna Tr -a Men - iccie i As us ureds, t Irian MpaCthw now o s, _w,
<br />appear. and Provide UW lee,. shall be no canceiwhpn or rhpdif cab r, w+fJO.,T
<br />I'"— days ono" Whitan nolunc.lion to Trustee and 8eranco -Y. M the sent ar"
<br />Poucy rafeundev a not rsYwred on or before fifteen 61y: prior to •o, epwrren
<br />dust Tr stew Dr fliansfic, --V piocsn, such 1nsunuucw, Sao hw c w, Z'hW_,M"
<br />be Adder to tin par; :Yeclared by this Trust Dead and rtiu_ hear i =dal r ro
<br />Vessel eel the :'eider rat. apacdted lhrein or the tegtwu wrtdeet rate .V—ow
<br />by the .H W Its! State of Nebra.aa. Trustor Si WI deryvar to BaMhcu ry the ongaw
<br />Policies of _swell arw rdy.at- thereof or rrwrw cop.- W su zo cass lnd
<br />--is I.—AQ1 c.,lira 1P 1.rr,ale Msurafica by Ttusir, r Wwwata es tequ rW
<br />rW+aunder MW' at the pplrM W Benetcrary. constrlrfta A dstaurt Ad unWaed
<br />cremiuma wa he,aoy awgnec to Trustee as Woonone, asc ,nty Alb A Saw And
<br />4;P• fence of the Propry by the T rus[ee loan obsWe to conrwy ro Ina Purchase,
<br />Ina T,. . or uuwa m and w alt WMgas of «rairraryce upon the Trust Proper!,
<br />7 Ts :p lea Al-oawente Trwrcr snarl pay ail tines — soeeu: aesels.^rsrs
<br />w•�W w assessed aga.ut or oue uoon tin P1.Perty brave olrindu-ncy. ar4 1
<br />Wrr!! Io Boa 1i 1 ccPws of —.Pis Mowairo Payment Pf Such I— —
<br />SPoic.I asussrn —rs it Berne,,t.ary Ylui so requ.sr. Trio, -grese:it hno. rt ells-=
<br />be allow 1P each We, l .yh.hl I.Q.t ed rP be med- Mraund.r in aclp,nt
<br />plimatarl by Trusrea l0 oe sufficient 1. enable Tnuslr to Pay at wart 70 3 Vs
<br />nelprs geii ±quency. uslsSlh.Ris m dinar pubic chirgar au-a.nsr i w
<br />Trust Property. the N.. —W by'hrs Tour Dead. r upon ac —. .1 0. d.oi r
<br />- - ' - `-' ._ , a-R� I.;- gt w- �v. . tr Tisuta 'aqu n r to G
<br />pro•roer:�t4ter -, Trusi Dowd and ro int -rest shall oe, Payable tit Trustor ,r
<br />Iaspect thartrl Upun demand b, Truce -, Trustor Shan Aug. to Tngtp
<br />M,PI onal —1 nl mole, as are neew,saey !o melee uP any oee,cwney en Qho
<br />--Ire, —n, ipwnabw Truso - l- a,;-.g,.m..
<br />AL Adrliaelt Was. Truer snail make all p norana of notr-st anp rnrnpa, 0
<br />payments of ally What cnargp, trop. aril "Pertsea conirat led to be bard ttwany
<br />-141 V iwn holders. Pip, twratico-we undr MY pifor Trust Dead, iaorl~ r
<br />(Arm aKrrfy pnpmron- b.lr- IM aw they tiro aiirdu Ml ano to pay any Wrrr
<br />claim Which p pamm. the..currly warded fwneln
<br />W Ihpacgsa M 11e.0116my's lewdly, Shard Trust. 1.1 to male! any paymrir.
<br />fait to a. rid sot As herein W-4w, or it any action w rereading 1. conorna."d
<br />Which nuou"" y lrrlcts Beneficiary a iMroi In the Pnrpdiv. I Wdrp, but not
<br />nmired to a Ww"" domain, Inaplr.ncY. arrario.rtant. r pioc- -props on-o rg l
<br />henrupt a decadent than Beneficiary. Trustee our wnno„r obligation to do W,
<br />and Wllhout notice to. 0WhMd uPM Tn,WW. Mo without wasting Twatr horn
<br />soy coliorpn nereirtdsr, may inns, r dpi ilia seine. anp m-Y Pay. purchase.
<br />rarest r "nuu rwp MY .neunlorance_ "WQW' icon, rhieh in iN luoororrwnt d
<br />lIItW "Pear- id .ifeti said Ptou -ny, In .YNUeing any ii-in poled. IM
<br />Bernc..y . Tryalse Ina, incur any habirdy and -.p.no usher.— .—Is.
<br />inclW,ing oft— 1. PI reamI.M. ri.rwyl fees, rhrch rn Ihrr, .Meinur
<br />dtetrrron
<br />one, ea necessary In low inn, ehal TI I. .halt fail IP P__
<br />In—— r 1. Pay leap ." topN:wi aasea.inenw r 1. ».N any p.tmenli IP
<br />avirrcd . On. :.n h ouos,. W benefiv',i.... try S.hef-W, ma, Protura wch
<br />Yu:.nea arul ehasi Yuth p-Ymen . AIf .times ^a v:rW M wapirMYd b, 9 —flcwh
<br />MI—.-ra Herp.nri r:In rites prp:ah?+eY nI :files !rustC Y -rw-Y: u.aol 1a 7
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