|
TRUST DEED - _ 86-- 105268 -
<br />`+`' rc: flL' S'^ FfJ. �r, aoe,,,, c..., 0.• t....._ ai:�'...�3P.i'�lsi'.,.- ..,...., - - ..... - '4--- b.a :rid
<br />............
<br />. -, t:- evernTrzstee'y
<br />ends s_ .r, art. .,...South,_i2 dge,. Bank. ., Lincoin..Nebraska...._,...._ :.. =roarer, ,terrdar -j
<br />. Kt?Dirl'fR- r c, ^srd=•avo, . the i e e: ^. ; E oe;_ _ :r'rhe . ,,. §, . *.e->;u -^ creased --e ;Oc95. "v R a.a•s and fD�I�Pvs.'o Trusree: +s _
<br />x .... -tr. r, ,e rD3 EP OF SfitF ^'r0n9 F^re"e Hall
<br />... ...... -
<br />A tract of land consisting of all of Lot One (1) the South Fifteen Feet
<br />(S 15') of Lot Two (2); The North Eighty -eight and Three Tenths Feet of
<br />the West One Hundred Thirteen Feet (W 88.3' of W 113.0') of Lot Two (2),
<br />and the South Eleven and Seven Tenths Beet of the West one Hundred Thirteen.
<br />-' Feet (S 11.7' of W 113.01) of Lot Three (3), all in Fairacres Dairy.
<br />Subdivision, in the City of Grand Island, Hall County, Nebraska.
<br />`widen has die address of - ,3fiO4 -__E. _- Seedling _Wle..,Roac3 ; :.. :Graced- .Ssiandf - -Nebraska.... - -_. -_
<br />,.. _.. -. -,.. therein' :t?operyAdaress-.
<br />TOG£TtiER with all buridinos.- .frxaires and rmorove -e*_M mess cr nQ°eal;er e- e=rred -I er eort and aif r,,gm-v€ -way. easements. ie-& issues. pom -
<br />`; , arn:cdmp tenernerts. hereditarnents. privileges. appurterances. -- ?vary. w ?d nera , oii. gas and water rights S'tereunkr been rzng. used tx erevyett -.- ---
<br />"w3h saj land or any pan thereof.. ant pf whrcn, including r° ade''e :+ of e ac "`!".ions - Also. -i=h, , h3%! be dee—ed to be are 2"+am a pion O,f the r- ,:iDefty
<br />.. :oovered by tbs Trust Deed,: and at- of the +c. cy ,,, ':,_getr r :^ .�,..n a, ; *er"# -.a'r'm .rctened rc as ;cam Property - -
<br />_
<br />oat,
<br />Cr'UC, i3 y.R ca_ - •'i'3t -r .. rJ., {rwr!`s '3. ^.:e u1 _..
<br />F 86. me ern 'NCte' i n the Gnnc' 31 sum ' - 1 �, 0 ©0 . {?ii wh a Amin rater a x a-ac -,r r Paid - c'
<br />September 1 Q 87 �-
<br />.,
<br />O- : ,me in :rme and as securiy ibr the pay^+ent or any aria -4a . cro 11. 8cm.*wer to fire Lender wnr-. f: ,:.3y a,*:e. aC 1-1 S8id -sis-s
<br />BOPRR7WER covenants that Sotrdwer is lawtutiol sew the anc nas the ngt>` r._gr r" and co-- t1tE Propery
<br />Mat the ?rnder,N, is unencumbered by ariv mortgage, trust dae...:d c .:o;.�ct , o.� ot�..erwtse, rceb.' for a rt age -
<br />_. ,t° Equitable Bldg- -fi Loan �. f°
<br />wtuch tare unpaid balance on this date dces not exceed z .39 , �d (i� - 9trrrOver civet'. itr ivrrr p,# the terr-rs --
<br />` ::and oarvislons Of any prior mortgage. trust deed, or Contract .� .71,r ,acfo Lloon the "A`oaery and -- 'crake ali pa Marts stlef--cor, befire
<br />. ;deStgue.:a rf r is name or amour? +S onsehea in :hn patii._3Ya t!, "`��'' �r t'x4: - cmienar.,'s 'info Mere_ are nc pror'rer`:: E- ehy ±trod upon me
<br />:Borrower U her covenants to warans arc,• delerid he 1'6-e -try �°'.li j ate= =st am xn,: ch.-a-cs - -
<br />karrcwer an.o fender twiner covetaanl aaa ao9e as iraieo— - - - -
<br />t Bor4_wer.st:aft prompl4, as} wrw_ -*e due the prrrrb, € arr<d a-. e . >t s:- -' _.bz+.=-. -z �s evKierc -J by the foole.
<br />A' Aeast ten days betom ttwy become dehnauent 15-,. ^we, solal - = az.x soe�- ;:sz acsess•nerns ,evoea or assess* agarst the r :perk. -
<br />,x any per, "i"n"Of, and at tares. jertes arui assessments tevied a F ,pis =.gage o= t,iie debt wnr<n rt se'ums
<br />3 Bonm vet st>at ifeep the improvements and "WAnkrogs ff any. aoc c . uertk insured, wow a c b.:!party or con r) s moved by:he Lender, _
<br />b -an ti -ount not less than the unparc- baton. _ or the rr;lell s ':� eb 4s T.h st Deed woth a stand- "%K cuss w - p+ n _
<br />-- Erodes. Borrower shall defrver said pCx.',- -v or Doii_res to the Le-x�-_° - - - - -
<br />me event - -ass.- Fk:r�'.. .y s': y -- _ ....._ .- ,_ .• ..--: t a : ' ~t „s . !' W: _ . cs -ns+
<br />Ot hey -w3e rr default the Bonowe: -nay eteef ro so;),, r-'e ,--i_' ac e „ ex r f.� :epwt or reoiace the camagec Wiper:,'. le _ ='re
<br />m°acu - y o? •,nits trust Deed w-iuk:' :- pare, -- g. :,.we v. ,yew - tom.- - - fo :ter 'VjXaCe the dam P. E" mpax, cv-
<br />..,reWace..ent wcu(d none- ecor,— atfyf oasibfe ,. .!� • is? - -:. 7.'rn. -us' -: wct..0 t'+P - pai2dtfrE.h iroa YZ6!<'ance ptooeeds Sts be app6e'J1e t9re _
<br />:- ,last fnewflrrg Payments due on ire Note if the .droa3e ^s e7 e less of the tali° amaint due z, said um, ore excess stailbe pale' xn ftts -
<br />`, ' Bormwe, r ^suranoe proceeds for repair or rep ccmen' snai, r>e 7 41 ass' RVo r w=ilth r!ie €.enaier and d?sbur eo L_ Larsder during or: ^
<br />. =_ -VOSOW
<br />at such reoarr C,r 'epta±.e,''?tirt if the. L.ende, acquires rate. .c : he +'npe^.v r ' _ i -Std', r-, conwer of sate. 12reclosa?e or a her is e. en sabs3clfb" of 0*
<br />.. itdebteoness sac area hereby, or, wyoie ar „-r par ;ne, ae% rig^, w "ie arc =.tere5 o`,-he Sci _we, - and c 5ach : ,scr2nce potty orpoa`caes st pow to
<br />i ende, _
<br />4_ n=or the purpose of providing a fund io* — payT,enf bt taxes. c_/,;u+„`ea /asses srnams and .nwra' =ce nre^trurss. $err srst cleaasr€i s ier+der. or me :'ate P?tar payments are due on the Note, an amourd eq,.e: to the tares assessrneny and Msurance cremaims new due - by Vie -
<br />+;endL: less. amounts already d'epds8e7 Therefor. dnnrfeo by the nurnbe o; nayrnems Or the Nare''nat wu7 Aecco -e cue prior i0'tt4e -
<br />_ assess^re•: "s and msurarice premiums wrf? beJc;:or*re due and pavatrre Sets. rands ^e .'*eFr:..y rf� lerrdei :'� a ^ran- rnzerest taearctu es�"^enr acL'a¢sir#rr -
<br />:rne parocses sec forth above Rile arnounrs a these deposes are .hat sutFraent ro bay taxes. assessments and.msurzice,7srrntt,x ns � thnr rne:aue_ -
<br />. men Barmwer shall upon request. pay Lender the amour: necessary o -rake _,p tea dehcte -t_ y.
<br />5. Unless appftcable taw provides ^'he• wise. air payments reserved by L&,,a < under me Nye and paragraphs 'r and 4 hereof sTW be app by
<br />- :..L_. -nder hmr rn payment of amounts payable r Lender try Borrower underparagrapn 4 t;erec f. then to viteiest payable on the Mote. ths^ to t'ieSrrMrc3p2e' -
<br />-�the Npte. and then to interest and princfpar on ary hi'iher advances or ott'er f 6earectness Secured hereby
<br />5 &wrowe' shall keep the property fn good repair and shah nor comets wasle or permit ragmen or betertsrratan A the �. .
<br />' it >30r Dwer falls to at in arnfair or Day the premiums Aar the repaired msu aorce of the Propery or b/ pay taxes t-ekxe deendueht, or c pay any
<br />amount -due under a poor mortgage or trust deed before deunquent. or d, manta¢: toe Property in good • epair. or el perform any ee the covenants or
<br />agreements of this Trust Deed. then Lender ; nay at its ocean pay such insurance WernA ms. taxes. mortgage or trtt deed perrients, or r.tatre fairs
<br />.end disburse such sums and taste suer; action as t deems necessary lopraiact is mlerest without warrrrg or affecting its right to oeciare a defaukand
<br />accelerate the debt secured hereby because or any such failure of the Bor:cwa° Any amourts so cis,^.0 s_ec by the iende, sn3W cc-sm a a*ctninonai
<br />:.indebtedness of Borrower secures by this ?`rust Deed and shaff beat interest i;;r'r,e date of crmbirrce em a7. he tie payable unar, ft+e NaTe NOBttmg
<br />- confained m -(his paragraph shalt regcsrr Lender tc crake any such drsbv- sehrents a, ta*e any moo^ whatso-e vet
<br />1? Lender may menial or cause to be made reasonabe entries upon anA inspecLOns of the Property
<br />9. The proceeds of any award or ctarn; for damages, direct or consequential in connection with any condemnation or other tat ing of the Peoper^y r
<br />parttherebf, Or 'of conveyance on tree Of conriemnati on. are hereby assigned and.siiall belied to LerrdEr tv the extent at the tut` arntpaX of the remarang
<br />:.,,unpeld indebtedness secured by this Tnis1 Deed.
<br />tf the Property is abandoned by Borrower, or it, after notice by Lender to Borrower that the condemnor offers to make an aware or some a tYaim Apr -
<br />:,damages. Borrower falls to respond to Lender within 30 days a'°r the date such ndt f e is nailed, tender is auUrorized to collect and apply me proceeds
<br />":' to the sums secured by this Trust Heed. - -
<br />Condemnation proceeds or awards shad be credited to the last maturing lnsfailments of the indebtedness secured acrd stnall Prof extend or postpone
<br />Via clue data of the installments rehired to in paragraphs 1 and 4 hereof or change tire, amount of such installments.
<br />1p. N the tender issues a partial release of this Trust Deed, the proceeds :'aadehied therekr shag be credited to the fast maturing msta✓tmanms W the
<br />- indebtedhass secured hereby. -
<br />11. it Lender either voluntarily or involuntarily becomes a panty to arty sun or iegat proceeding relating to the Property. Note or this Trust Deed, "Men
<br />Borrower will reimburse the Lender for at costs and reasonable attorney fees incurred by the Lender Pelaling to such suit or legal proceedings and said
<br />sums snail - constitute additional indebtedness secured by this Trust Deed and bear interest at the rate payable under the Note, unoi ,paid -
<br />12 As additional security Borrower does hereby assign, transfer and set over to Leander in case of delault in the pertramance of 3rry of if* Terms or
<br />cdnd7110ns of this Trust Died, the Note or the terms of any indebtedness secured hereby. all of me rents, revenues and any ,ne:tyne, o! any We
<br />whaisoevor to tie derived from the Progeny. including land contract payments Lender. on person by agent or by receiver, wimout regato fo the sorvency
<br />- - or insntvency of the Borrower or the value of the Property, shat be entitled to rake possessnn of repair, rent and manage the Property arcs Itne coned the
<br />rents, revenues and income therefrom and ;t may pay out of said income at expenses of repair and costs incurred in renting and managing the Property
<br />and collecting rentals and for payment of insurance premiums with arty remaining balance to be applied to the last maturing payments of the debr
<br />secured •hereby Upor, presenting a Lupy ui rtim Trust Deed and demand to any krssee, ienamr nr con tact r,urchaser of me rrodeny s_ h per sor• shit;,
<br />pay all rents, payments and profits accrued or thereafter accruing to the L,eniinr wild turtner nonce from the Lerner
<br />
|