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<br />TRUST DEED $%-, 105108
<br />THISTRIJST DEED, made this____
<br />24th day of
<br />August 1987
<br />be and between:
<br />(A Robert E Flanders
<br />and Sally J. Flanders, Husband and Wife
<br />, whether one or
<br />-
<br />m re MIT.
<br />N? MIT
<br />after called "Trustor" whose mailing
<br />address Is
<br />Viking oa , rand Island,
<br />(B) The Lgaal A PrQfessional
<br />Corporation
<br />of Howard F Tracy
<br />as "Trustee "
<br />whose mailing
<br />sddr9gaIs706 WEst Koenig,
<br />Grand Island,
<br />EN 68801
<br />and
<br />Northwest National
<br />BAnk
<br />as "Beneficiary" whose mailing address is
<br />2008 N Webb Road,P 0 Box 2095, Grand Island, NE 68802
<br />WITNESSETH: That Trustor, in consideration of One Dollar ($1.00) and other valuahiIs consideration receipt
<br />whereof is hereby acknowledged, grants, conveys, sells and warrants to Trustee, in trust, with ;Dower of sale, the
<br />following described property, situated In Hall County, Nebraska:
<br />Lot Twenty (20), Eagle Lake Estates Subdivision, Hall County, Nebraska
<br />The intention being to convey hereby In absolute title in fee simple, including all the rights of homestead and
<br />dower, together with all buildings, fixtures, Improvements and appurtenances thereunto belonging; and all of the
<br />foregoing, together with said property are herein referred to as the "Property."
<br />FOR THE PURPOSE OF SECURING performance of each agreement covenant f T for erein contained
<br />and the payment of the principal sum of Twenty Thousand & nV11A($ 2$,���.0 ).
<br />as evidenced by a promissory note bearing even date at the rates of Interest thereon which may hereafter be paid
<br />or advanced under the terms of this Trust Deed; troth 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 24th day of A u R u s t , 19_87
<br />*And Also as this note may be extended, renewed or modified in writing.
<br />Trustor and Beneficiary covenant and agree as follows:
<br />respective Wise. All Insurance pollcin maintained pununl to this Trust Deed
<br />an" nrhe Trustee and lenafw" ee Insureds, ee their reepecllve Mleraale may
<br />appear, and provide lhel then shall be no cancellation or modlllatlon without
<br />fifteen clays polar W"Nin nold"IM to Trustee MW lneflch". In the event any
<br />polity hereunder is not renewed on or before fifteen days prior to Its eMplfallon
<br />ale, Trustee or lernccNry may Wftwe such Insurance and 1st Coal thereof shell
<br />be awed to the ban swot" by this Trust Deed and aheb bow interest art the
<br />Q/nter of the Inter" rate apecihed therein or the hireal Inter" rata authoriced
<br />by the laws N the $is%of Nebraska. Trwlor MINI dot ar to lenaliclary the original
<br />polblas of Inewarnce and renewsU thereof or memo copies of such.poflclas and
<br />rero"s thereof. Failure is fwnisn insurance by Trusla, or renewals as required
<br />hereunder nab, al the option of /emelletary, constitute a troll. AN unearned
<br />prembms we hereby assns fo Trustee as additional ascurity end s sale and
<br />9"Yance W the Property by the Trustee nn operate to convey to the purciview
<br />the Truelor's Mlereat in and so NI policies of Insurance upon the Trust Property.
<br />y. Teses ale MsesamNNa. Trustor nab pay all Iaws and sMIS1 eeesssrnenis
<br />avled or neeseea spent s due upon fen Property before delinquency, and will
<br />debwr to ganalicnry, ccptes of receipts showing paymnl of such tree and
<br />seeclai aseesa nts if Denafnclary snit n request, Trustor area Ihal time shall
<br />:re added to each wra0 G paymnf requbed to be coeds hereunder an amount
<br />OMMMed by Trustee to be sufficient to enable Trusts fo pay, at least xt days
<br />before delinquency, all taxes, asmOnsinfs m whm public Charges spinal the
<br />Trust Property, the Noe sacwed by :hen Trust Deed, or upon account of the drat or
<br />Ina con or true Trust Deed, logefhor with prerrtlume for insurance required to be
<br />provide uWer this Trust Deed and no IMeresl shell be payable to Twator in
<br />1.11MI thereof. Upon demand by TrwIN. TruVw shall deliver to Trustee such
<br />eddllbnal sums of moray as we necessary to mesa up any deficiency In the
<br />emowNe necessary to *nabs trustee o pay any of the two"" Ilene.
<br />6 lfeee. Trusla shall rake all pays anto of interest tied wInclpal and
<br />payntnts of ray attar thus•. Nn, and eepanees wmracled to be paid toany
<br />ssleftel ban holden or prior banbdnras wWS any prior Trust Oasd. Merigage or
<br />law eecwby aWeemMt, before ON data bay are dabrlguent mid to pay any at W
<br />a*" which Mopwdlesepreaecwllyrented met .
<br />t Pm6mN a of lesoftlerys lsesrly. Should Truslor fall to mare any payrMnl,
<br />ISM to do ray act se herein ptorMad, a It eery action at prOCeedlmg la cormm�dd
<br />~ histerteliy ~9 leneflatary'a Interest M tee Preperty. InchWIft but not
<br />baeted to mmMnt derhebt. MaaNency. nangarhente or protraeOMps Imoh," a
<br />bev arw a decadent, then MINtery, or Trustee eu/ will" nngatlan to do 84
<br />and without no"" to of derwW upon Trustor, and wNlut N"a"g TNIW from
<br />arty wigalon hereunder, May mare or de the same. ale may lay, pWrhesa,
<br />Co~ of Oorltprernn am oNNnibnnco, charge or ban. which M tee Judgement of
<br />*liner "VMS te ~t said Properly'. M tea W4 any such powers the
<br />lm,aNNty, w Trustee may Inow any liability and ayPWM wNNver onw. tew
<br />MsNralrp d/esufeemMis of Naaahatto Worny'a Nee, which M INN abootu»
<br />dNlers"o n, nay to necessary . in FN erne that Thistle he" Ism to proewe
<br />~am* or o pay tasss, red mww aeeeaamants or to mid ray paynants to
<br />"1211" or Ono ba, twmm m b4nabclm6es. the laraNlary rely arosrre matt
<br />Mawsnee and mats swot, Psvmems. AN sane haver&* w aspended or dhow am"
<br />or Tom" in acnorWrr¢e W h the urwaana of this Trwl Deed lee escwed Nreey
<br />Wi
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