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86-- 103825
<br />The undeasigrred hereby a_know•lcdges that _ .he. docunn,ni t, xewtcd Is a Trust teed and not a mortgage and (b) the power of sale
<br />:al
<br />for in :he Trust Deed provides subs ant -r provided
<br />y :afferent rights and o, uric - to •hc Borrower than a mortgage in the event of a default or breach of
<br />obhi
<br />gafon. The undersigned further rr, r s•,r,s and agrees ;ha: ;his has been read and executed in connection with but prior to the undersigned's
<br />following
<br />cx :ecurio. of the Trust Deed.
<br />TRUST DEED
<br />'PHIS TRUST DEED is made this 1 ( -I; dog of Jul v _ __- - - -, 19 b and between the Trustor,
<br />__ -- _k�5_• r
<br />�1 1d S. Jonets ;and 11:1t r u: r i !,.
<br />.Tun' - - - - - -- (herein "Borrower "),
<br />whose mailing address is Rout:. 1 , Dpi ^.i�h4t?t NE_'flras
<br />and FirsTier Bank. National Association L;'i ?coin Nebraska -- - -- ----- - - - - -- 'herein "Trustee
<br />-
<br />1:
<br />and tTie "),
<br />Beneiicury� r�TIt577ER 13rLb7R tCATiaRAi .iSSZ T.�1'�tiA,- LTACa'LFf, ?'E'gRASl%S, whose nit— a3aFi -. i TStFi dt "M"
<br />Streets, P. O.
<br />Box 81008, Lincoln, Nebraska 68503 :herein "Lender"1.
<br />BORROWER, in consideration of ;he indebtedness herein recited and the trust herein created, irrevocably
<br />grants and conveys to Trustee, in trust,
<br />-
<br />WITH THE POWER OF SALE, the following described preprrty ;orated it; the County• of Ha l ).
<br />-, State of Nebraska:
<br />See exhibit A. act 3• !,�•d its -re'ro rid iris- orporated herein by relere I c
<br />t'
<br />TOGETHER with all buildings i .ores and i•r.p ::, rr its r,nw or hereafter erected thereon and all rights-of -way, easements, rents, issues,
<br />locoman hereditaments,
<br />tenements, profits,
<br />PrIvilcifes, arptirtences_ r yaloes. and mineral, oil, gas and water rights thereunto belonging, used or enjoyed with said
<br />land
<br />or any part thereof, all of which !„cludtng e la c em n nd additions thereto shall be deemed to be and remain a part of the property covered by
<br />this Trust Deed: foregoing
<br />and all of the t,gethc, with said .r -.XI ty are herein referred to as the "Property"
<br />TO SECURE to S.cnder he rvpa1'nieru of tndc^tr< d r d by Borrower's ::ore dated - �tT _�j _ , 19
<br />together with uiy and all renrwais, modttisatu:ns, aril e vt_r „ens -n'ry i aria substitution. or rYChangae [},ti =eFor, erean reicrie3 io u file •'Noce m
<br />the rrinaoai sum of 1 - ' 30 , (ii O :(-- together with interest at the rate provided therein, with a final
<br />maturity, if oat sooner card, of _ J I ) sl_r5 , and as security for any future advances that may be made
<br />by Lender -•n ".-
<br />to Borrower `tom time t6--r-lino ri3 u s " t Swte� " br any and aZ other indebtedness of the Borrower to the Lender which
<br />may
<br />arise, all .,f said sums nor to exceed the agg. epare io u;r,•e tees the anginal principal amount of the above recited Note.
<br />BORROWER c,yenarita that Bor.,wcr is a ,.... ,raid „! -;•ie Yrnperty h: rebv conveyed and has the right to grant and convey the Property, that
<br />the Property is unencumbered by ant norrgage st dr<d rr;act to purchase,othezw -se except fora
<br />n:
<br />u: Tavor
<br />-.___. -- - --- - on
<br />— -
<br />which the unpuo balance on This fare does nor " a 3 ) Borrower covenants to comply with all the
<br />temis and o
<br />provision of any pn r morn aitc tru t 3 i " --
<br />i 8 r, uy� >n cheFroperry and to make all payments thereon before they become
<br />dchnq uen I. 1.
<br />no name s am ounr is :n serred ;, r I, is A, AKta ph t h e n Bor.,wer core nants _,hat there are no- 11 riot liens of any kind upon the Property.
<br />Borrower further
<br />covenants to waranz and defend t ie t, che 1 nip t., against all claims and demands.
<br />Borrower And Lender further c , ena ,r and "isr - as ' ! s
<br />1. Borrower shall promptly .vay when due tie i ring pal and u r st on ;he !ndebtedriess evidenced by ;lie Note.
<br />_' At :cast ten days before they bacon, d ! , } f1- ,r 'I"ll ra> Ail tours and special ue,ure its icctnd or assessed against the Property,
<br />,r anY ,art tnrreut, and a!1 a, s ��; aid sss ....... t d - P th f r Deed the debt which t t ores.
<br />3. Borrower shill keep the v sro e d rga t v .r. -. n Prnpe tv .ruured with a company or companies approved by the
<br />Lender, for an amount net less than the u yard d r ! -nd I. by
<br />edr •-s, ue.izrd this T. ue (.)rid with a standard mortgage clause with loss payable
<br />to the lender. Bor,uwer ,hall deliver said ,.ohc, firs o Inc Linder.
<br />In tilt event ul a ;oss, Bonuw r is _ i t � t t� r. n u n c ;diner and ,Lc Crider and fi!e a proof of loss. If the Borrower is not
<br />otherwise in default, I �,
<br />the Borrower mat t ippi, It,, . sir. r i , repair or replace the damaged Property, it economically feasible, and the
<br />security of this Tr-ti,t Deed h
<br />would n n}>d..:d •nv B r :s , dctaulr or ejects not to repair or repiace the damaged Property or repair or
<br />replacement would riot be
<br />econoniicall, t aalr!c e cc. ry is r usi Dced would be initialled then the insurance proceeds shall be applied to the
<br />last maturing due V
<br />payments tin the to If e F ets are in eeccss of the total amount due on said Note• the excess shall be paid to the
<br />Borrower. Insurance -r
<br />proceeds for repair P', ail nr ed in escrow with uie Lender and disbursed by Lender during ,or upon completion of
<br />such repair or replace•nrent. If 'e
<br />;hr Lender a- r „ .: l" c t er,v ,t exercising its power c 'lair, foreclosure or otherwise, u, satisfaction of the
<br />indebtedness secured heri•by, in ill
<br />whole or . gt r" • c and interest of the Burrower in and to such insurance or
<br />the Lender. policy policies shalt pass to
<br />a. For the purpns t pr- v do g ,.! rase,, sp -ia scssmews and insurance premiums, Borrower shall deposit with
<br />Lender, on the daces
<br />that pa me its .v dt. a, to the taxes, a,scssmc•nts and mss eat due 'all a esamated by
<br />the Lender, Tess amounts dcp
<br />already sir d ! �, • o, bct ,I raym its cn h Note that a
<br />sic};
<br />taxes, assessments and insurance prenuum rd h d.. i ": ab r S.Ard !.v d- ill ,r h M by �h ! c rip}
<br />for
<br />s w count
<br />the purposes set forth above If th a r r t i.. c .i us arc inn suffr et t n, pay tax s, ass ssnie is and.
<br />due. 'tome
<br />then Borrower shall upon request rev I wJcr .. ,,.�.,,.. t ,.,e • ssa" I:• make .Ip ;` ....
<br />it drfiucncc >,
<br />,_•,r
<br />i Unless a VV lic.ble la w rO d - - u , -• d by I der "�"� °- - •i
<br />under The 'dote and paragraph - 1 and a hereut shall be applied
<br />by Lender fuss
<br />in payrnent of a,, ri t taL: !. ri .,cer under paragraph a hereo'. Thaw to Interest payable on the Note, then t„ the
<br />principal of the Nom, Then
<br />and to utter [ i .,.,, ,r ,&-cc, of arh,r indebtedness serurcd hereby.
<br />6. Burrower shall keep the Pruprty ui 4, :, d :�; -au ar,d vi,ail n•r, c"Into"! waste or permit impairment or deterioration file Property.
<br />of
<br />? If Borrower tails to: a: ma ntai r aa, In, Per, u, ,s for rte required Insurance of the proper v, :,r b ray taxes be!orr dehnyyeent, ur c {lay
<br />anv amount due under c
<br />a prior murtflag or rrt a deed belv,re delinquent or d; maintain the Property u, good :epait, ar c: perturm any lit i}ir• wvurau is or
<br />e dorm an a 111111
<br />agreements of this Trust Deed, then I.er,der
<br />rna"^ its opnon pav w I, insurance p ennun1s.:axes, mot tga, c trust deed make s and
<br />disburse such sums and take such acuun
<br />as rc c,ury ro protect izy interest without waiving ,r aftecting its right to declare or default and accel
<br />elate. the debt secured hereby because •a
<br />of anv v.. ! iarc ,! ;be B•crower .Ant ariounrs sin disbursed b7 the Lender shall constitute additional ndebted
<br />'less of Borrower secured by this '1'rust Deed head
<br />a:;.1 vil :o""t fnan the date of disburscmenl at the rate payable under the ?tote Nothing contained
<br />lit this
<br />paragraph shall require Lender to make . -, -noel, dubs rscmens :•r take any action whaisocvc•r.
<br />B. Lender may make c:, cause zo be inadc ras,•nah!e ;nines upon and inspection of the P party.
<br />9. The proceeds of any award ,r ciarn !,t damages, duce, or consequrntiai, rn - ... nccuon with anv -nd",nAtion or other asking ol the
<br />arty, or part there,(, or for conveyanec in !teas of _ >ndnnnanon.., i,etcbv assigned and shall be Lender
<br />pa!d to r., the e_vteiu of the !,Lt ,ur:onnt c,i the
<br />remaining unpaid Indebtedness secured by if," 'rte,t I d
<br />.)ee
<br />If the Property is abandoned by Borrower. -,r it, atte t. cu• by Lender to Borrower that the ,,:nden nor ,i r z" an award td
<br />for damages, Borrower fads
<br />...a•n
<br />w respond to Lend,, ,vithm 3 us,s .titer the date such notl". : n,aded' Linder i, .e•u,i,_ia :d [ -, ;indict And app:, ;..,
<br />proceeds to the sums secured by ihis Ti •st Deed
<br />,.
<br />r
<br />Condemnation proceeds or awards shall hi -r lord t h st mailing ut,ta llments ri A ,d aid,
<br />the due date
<br />tAsJ
<br />lit the mstallnicnts retorted to in par,g, ,iii. I
<br />10 It •he Lender "it's a partial release ! this I7u si Decd. du• Pru„eds • eenr-d •hen•t,u shad h, ,,,,iii i
<br />r
<br />.,,e urdcbtcdn,, uu.rcd hereby. .. .� ' ,•a,,. .,
<br />l l It Lyn cr !th r Iu,tanit r vt f it nn , b• , part, • , a,.v t
<br />D d, the t 11. •re. t N,11 -nil '■ i ! r r
<br />e,
<br />j
<br />c nbu,sc th I r r• r a t its an 1 t the c •.tent I+,'rr u i a
<br />c
<br />such
<br />`
<br />:wt xb ,
<br />-hal r eC(11ng1 Jpitl ,dli S,,.nS sllall t,lh$nlni ld(Ii,nal idei,[i .. ,t.., ,,.eUlcd ' -, ,�,;t j.,, �letd ie
<br />,• 1 ,1 a[ , i, l 1 t
<br />:mdcr ,tit Nasty, ,.nil paid.
<br />1 'Cs addirn,n.1 •. I v p, 1 w si i „•i
<br />:di I i. 1 ,I1 Ni .r
<br />., I, I .,. .,I
<br />
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