|
y
<br />TRUST DEED 86- 1o6o 50
<br />THISTMNJST DEED, made this _?End day of October ,19 86 ,
<br />be and'betwl
<br />(N Kenneth G Fernau & Meredith Fernau CH ha R uj aaT
<br />whether one or more, herein-
<br />aftercalled "Trustor" whose mailing address Is 404 F 19th Grand Island,lile
<br />and
<br />(8) The Legal Professional Corporation of Howard E Tracy
<br />as "Trustee" whose mailing
<br />addressls 706 W. Koenig, Grand Island, Nebraska and
<br />(C+%
<br />Northwest National Sank —
<br />as "Beneficiary" whose mailing address Is
<br />2008 N. Webb Road, P.O. Box 2095. Grand Island. NP 6RA02
<br />WITNESSETH: That Trustor, in consideration of One Dollar ($1.00) 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 />Lot Seven (7) and the Westerly Seven (7) Feet of Lot Eight (8), Block Nine
<br />(9), in Morris Fifth Addition to the City of Grand Island, Hall County, Nebraska
<br />Tim 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 />fonpoing, 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 Fifty Four Thousand Dollars (S 54-000-00 ),
<br />as evidenced by a promissory note bearing even datnt the rates of interest 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 27 c r day of rlr t nhe r ,19 $6
<br />"Also as this note may be extended, renewed or modified in writing.
<br />Trustor and Beneficiary covenant and agree as follows:
<br />1. MW of TNY. Tewlor is lowh li "i"d of Ills hoperfo it has good NOM arty
<br />Isfllld,a11 wr Io"N ass Iweraa0 Ntaprop", we hop" is It" and class of ass
<br />Mena aarN
<br />Mleud eaaearemwas ealept IIe1le nw of MGM and TWO& will warrants! and
<br />i mMM m
<br />M ten hopMty orrlo hats Tntet66 and IM suCgNaols ass some"
<br />to epeval zoo mm M OR Psrsole. Trusser. at ole eqp ..m meinteN and
<br />pwaahr Ned Medet vets Trust Owed Sal a Ilan upon ten Truss Properly ar,Etac1 M:y to
<br />asWelblMCN am"" M of Nte time sweet. win cau66 MYa Trutt Deac and sub
<br />stlhlntdmalM err ehlpptanen[ lasntldt to N Mlad ass recorded " a ntoflOsgs Of the
<br />TwM PPOW IM swch M@rA r andM such Place, errs wool tut such ocher Solon as
<br />N gas violation of Tnain may be rapulrad by why present a future iw M .der to
<br />pMwdl, asfiMMM ass Prdewc IM Ilan ol tnle Trust Gad, se Ihe sarhe ales se from
<br />M" $*UwA sawrA%d a ergpleaewled.
<br />2 P"mm M "WakW ass Maw& Trustor ahah Punctually pay the Prwlcipei of,
<br />Mid IIII~ ON "N PrOWA"WY nOts I110kuding cry advances thdraw M Provided
<br />MreM M qua dense sells M She platy and N the ratinnw p rovewd therm and will
<br />plahalmMly poke W aNeann(ft candMiaw aid aoyeione of any olher security
<br />kwoum m pass in eoenedMSnwlthtwo UWWWIM
<br />i P*Ufta*ss sad Nalalmaned M hapafty. Tro tfor will not commit any waste
<br />wpm Ma Plusettyr and wed, N MI theft marumi the eerna m good draw ale
<br />twadMwn ass well one" from (Mfe, to Iimw, all rapatre, farwMs. replacwhent@.
<br />addNiafw GM lmawwe Wft erMdll are meaMHMy required ro aewSI casts.
<br />blipatfdletM. 0 M $fi"im of each propene No building a tfnptaMnMd n01s a
<br />itMSallllf a- YpM No swsarty, assn be "*red. rMnowed a danhailafrad
<br />WMaMMtp M1MW;;WdOAeMN M moraft i.
<br />a: 111SMO OS M PwpMly M CO" of My dssnap to a destruction er. the buildings,
<br />MlpfaesMaMS M "fae6M MepM1Y COe1MwIMlg pent d Ile Trust ProaM1Y. ureter
<br />harm laaa N ",WW w Mewance a adwwias. Truster. at Its sole eel and
<br />almut owl
<br />0 tm0111 toa$*M wpalr, replace and fob." the scow " vastly "
<br />Peck IOM. it YnmeMaNly prW w m" OMnapa dMTrud$on or with
<br />Mee death appdpwts WWS$Nd Such
<br />fl�alya0 alnd aNawMas M nM mewrlMy leseen Me we11w W utiNfy M a" Is
<br />sdimapawTMm N emilMdnweW/eMnmt 1r�the
<br />TtTMWfA MsaaNM Of Ned flat W4WMl OOMOOIM W*ved by Trasias, but tally to
<br />go od$PA as Mls so" sees MMwsdwader tea prdvlelen.
<br />♦ onipm" fawwr. M Trwfor is or carpwaan, n wren 0o as things naceae iry te
<br />Mlelellaa, tiometew prkik rwhser late %.ilea M llhe "to of
<br />t. VAWelles Theriot, M tie sea shee. reel maintain wlHi insurers ssatreved by
<br />Nsiiallillary, 1.et/1 WM reapers to we xwpepwawrts and sarsONl slowly.
<br />eMaMrMM Mp•Ry ege, We y Ned. NO"". lofeae. ale ot11M pestle
<br />afwfaa g w a1mMN axwad" caws" eedorafnwer, a an wnouM ".as to of
<br />OW afw Meshed OW MM M Mw dig NOWCO MM vMuw tller*d. NO lewMaaC*
<br />,O,iMMMISMSmM Il,,afM ass in ewm aawY111 M M omomw" N own" y owner*
<br />she apMMMa ss etltelar MapMtlsar ate " swwiclfpy mart, require far rte
<br />/Ie1MlIm. TrrftM ewt •••rah wMfi etwA otlw leaVlreawals N bn*iklerY may
<br />Wass Om w ON ro*mo wry bla fhrat66"On by lrwwoe * M iw, IrMe1661 Of Its
<br />respacti" Parties Am insuranoe polklN mNnlalrlad pursuant to this Trust Deed
<br />ehax name Ttv*W eed N otRANY M tnaunde, se theft respaetiw mfMasts may
<br />appear, and Provide that tfww. Mass be no co cwletion or modification Without
<br />fifteen day* plWr written rhorNlceltdn to Trustee Mud lMMficNry. In the oven% any
<br />policy hW"ndar Is not renewed on a afore uhean days prior to Its aspiration
<br />data. Trustee a ineliclary, may procure such insurance and the coal tfwoof Matt
<br />be added to the loan secured by this Trust Dead and shall been Invest at Ili*
<br />greats of iha Inlasst rate spacilled therein Or the hlgnSW intMeM rats authorized
<br />by ten taws of the State of Nebraska. Truster shelf delhan to Benstklary the origMet
<br />paiclea of Insurance and ranswals Iheraot or charter cop'as of wch,pollclae and
<br />—oris thereof Faolura to furnish Insurance by Trust., or renewals an wquftad
<br />rw.ireer Mau. M the coheir of Sarefktery constitute a default. AM unie"A"
<br />Premiums ere tioroeby otmit ed to Trustee as additional sscurtlY end a sae and
<br />cynray ooce of the Property by this Trust" Mstl OW01. 10 convey to the purchaser
<br />the T,aelor "a Interval in end to all polices of Insurance upon the Truss Pnopedy.
<br />7 76.66 a" AsseesnanW Trusts shell pay all tags and special as as.might.
<br />lnled or assessed against or aW upon the Property berors delirquetncy, and will
<br />deliver to Beneficiary cop'" of receipts showing payment of such taxes, and
<br />special asarsaments It SMslclary shall so request. Truster agt66s that there shall
<br />be added to each periodic payment required to be mass hereueM an amount
<br />estimated ay Trust" to be suffkent to enable Trusia to pay, at leaSol xl days
<br />before delinquency MI Lana. assessments a other public charges against the
<br />Trust Properly. the Note secured by y,,, Trust Deed, or upon account of the debt a
<br />the own of this Trust Dead. together with Warnlulr, Its insurance required to be
<br />Provided undo, this Trufl Dead end no interest shell be Payable 10 Tru.la In
<br />respect Thereof Upon date...^: by T:uain. TfuStrx shall der m tc Trust" suct,
<br />additional sumo W money as are —asary 10 mwko up an, deficiency, in the
<br />amounts rwces66,y to enable T—I&S, to pay any of the faagwng lime
<br />IL AddHAW Lis". Tnusta shall make all Pay"Wlg of mw66t and principal 0.0
<br />payments of a" other charg". hairs. and,apeeN cdnigclod to be paw Whey
<br />existing ilea hotsens or Proof benerlClari" under any Polar Trust Deed. Mort~ or
<br />erfw "cwtty agraMent. before the (Mw they we delinquent and to pay any other
<br />claim which pdpawiiw the Security granted Iweln.
<br />s Is ONOW N DwIIMW * Mdrwhy. Should Trwta fell to make any payment.
<br />felt to 60 My tot "harem Pratasd. a If any action a PIOCAW" to COMMWIC d
<br />asucl rwteriauy altece fianstklarv.a ktereat m Ine Proparty, Inick,ding, but cal
<br />1lrnhaa 10, arwhenl daneih, weayency. iimenderrwnls or tome"a isms g a
<br />bMMrW a decadent, then 1116"fklay or Truates but without obligation to so sty
<br />and wilhouf notice demand to or dMntl YPon Trustor. la .ItwN relsaeMg Trust. from
<br />Sony, obligation hereunder, may moo a 66 the Same. and "hay pay putcwea.
<br />eom"t er CWRDNWJ a a" encumor.nc *. charge a den. which in ten Hidomm, at
<br />SNher, **sear* to ahscl said PIOprly In ewrolelog any Such pOMWS the
<br />ao"tkwry a Trust" may Ihc- any lowbllity Mw a.pend wha1Mr amourute.
<br />I iuMna 6"Wbanwnla of r—.ble a /tarneys levee. which I. eMtt 6111.01uhs
<br />diacrstl nt may be wcea66ry 1. the event that tlualor, atilt ON' to eroeure
<br />lwwerks a M . tales are spacial it.-or nor a to mss. *ny 66yrhen16 In
<br />axWMrs or prkr ,loon hewwrt, m eenarwaii w. It" Ba orfrcrary mar t.-- such
<br />WNxanoe ene mere such pal-1. AY sum, u. -w w uper•oeo b, a.nMwwrY
<br />a Truwae N Soccaroarte .can tw INUrrakne or 1t.* frual Owed.ra W.nod hersy
<br />
|