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TRUST DEED 85_. 000M
<br />THIS TRUST DEED, made this day of January ,19 85
<br />be and between:
<br />(A}. :DAVID R. COLAN and KAREN K. COLAN, HUSBAND AND WIFE OF EACH OTHER
<br />AND EACH IN HIS AND HER OWN RIGHT , whether one or mole, herein
<br />after called'Trustor" whose mailing address is 225 SOUTH LAKESIDE DRIVE GRAND
<br />ISLAND, NEBRASKA 68801 and
<br />(g) JOHN A. WOLF, ATTORNEY AT LAW _
<br />as "Trustee" whose mailing
<br />ls P. 0. BOX 460 NORWEST BANK BLDG. GRAND ISLAND, NE68802' and
<br />(C) NO&WEST BANK GRAND ISLAND N.A.
<br />as "Beneficiary" whose mailing address Is
<br />P. 0. BOX 1768 - GRAND ISLAND NEBRASKA 68802
<br />WITNESSETH: That Trustor, in consideration of One Dollar ($1.00) and other valuable consideration recelpt
<br />whereof is hereby acknowledged, grants, conveys, sells and warrants to Trustee, In trust, with power of sale* the
<br />following described property, situated to HALL County, Nebraska:.
<br />LOT ONE (1) HIDDEN LAKES SUBDIVISION
<br />NUMBER FOUR (4), 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 and the payment PURPOSE
<br />f the principal sum Z r fi $1>`omCtdl)'all ($ 28 3 , 5 4 0.00 herein contained
<br />as evidenced by a promissory note baring even date at 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.
<br />This Trust Deed shall be security for any and all renewals and extensions of the above
<br />P91" &' "Tlciwy covenant and agree as follows:
<br />let. cattle Of OW to. or destruction of, ins buiMUps,
<br />W personal prop" eowflutbg pout of the Trust pmpady, whether
<br />eg�1 foglti le MV" by Ineersnee or Ogarwlee, Truster, at its eele coot had
<br />. wall promptly resbra. ?*pelt. repfsc6 and: rebuild the same sot nearly as
<br />omemeable
<br />ft"00"W"On WMMOOaly 0601 10 such damps er destruction or with
<br />er90A M MW4 ate aheetimn as TleOter may deem apWUprlet* PfmkMd such
<br />OWOOM NO *WOO*" so not mMaafly MMOM the value and utility of such
<br />had peraonanty from that existing Immediately prior to
<br />enh
<br />of d"tAeten, Trustee S W be entitled to reimbufsoment hum tiro
<br />Theslse i► exfth Of the net lnereene9 Weoana resolved by Trustee, but only to
<br />no expN a the #GUM sum extended ~ this provision.
<br />µ T"WW- It Th"t*r a a corporation, it will do all things necessary to
<br />f4"I lift Ratatertaa,,Wdo hads"W""unaf l4 laws of theatae of
<br />Ns
<br />s. NOWMC Tfu"N. M Its ono" ", win maintain with msurols pPtoved by
<br />I with r 9 14 the Improvements and P*roonat *topany,
<br />c9netituldnq. the Prperfy agahlst ices by tea, Igelmng, tornado, and olher Pans
<br />by et d ext$Fld6d Boyerage 0,dMS"enl, In an Amount equal to "
<br />leMl a" hu te?90n/ M 1st full nfet"Ornent valve fhetsei; end Insuranc*
<br />ghats# suchair hatafa a d m such amount 0516 Cuebmarlty csened by ow,*,s
<br />Ma op radot$ -I almder prApeNfes end " IhMftcery m.y r.Q.ira tau ,Is
<br />wowtkm ymom win C~1 wlth {Mph Omer fsquitemente as g0n*heiMy may
<br />hem time a bm0 requeet tad Il Protection by lna{rrsn('i. err Ile* Inlerest of IM
<br />respective pant". All Insurance policies nNUtsined pursuant to this Trust Deed
<br />shall name Trustee and Bensticiary as Inewe", "thes, tespeotlw interests may
<br />AP"w and PMNWN that then OW be no caneNNtbn a modification without
<br />fifteen ?lays prior wrltNn noWksil" to Tinsel" and Mneltsk". In the swat any,
<br />policy hereunder is not renewed on w halors fifteen days prior to Its *xplrati011
<br />date, Tnuatse or 9en fffslary may Mount such ineuratroa and de rest Ulerser Meg
<br />be added to the ban "Owed by 11,16 Tent Deed and std beer Whereat at the
<br />WOUV a the bteraM raft epeoMed thwebt er the l lgas fnNml raft auaroreed
<br />DY the uwa a BleSftfta eftWaalra. Trueter eMN dNh7sroNMflolery the erglnet
<br />PeNCIee Of keeranes had renewals thereof or mehb ,-plea W such potholes and
<br />renewals thersol. Failure to fumrsh 14Wanee by Treater, at fenestrate as required
<br />hMeWaer sheµ M the 001011 Of Oenettoiary, COWItuft a default. AN unearned
<br />WM11"M We hereby aselgned to Truetes se soMthnel security and a sale and
<br />conwyanes Of the Prop" by the Trustee sheet opefato to convey to the purchaser
<br />Ins Truster's Inlaresl In and to all policies of insurpwe upon the Trust Property.
<br />T. Texas bed Apeesefee , Trusler 0411 pay ail taxes and special ees eentemts
<br />WWW or asaesesd against Of due upon the Prop" bolero delinpuency, send will
<br />deliver to 6eneNclary copies of receipts of eweg payment of such tax" and
<br />special eaaaasment$- If Beneficiary $hall so reauaal, Truslor agrees that there shall
<br />be added to each perbote payment feQYlrsd to be inada hereunder an amount
<br />estimated by Trustee to be sufficient to enable Tolalor 10 pay, at Is"1.30 days
<br />baron dalirn,uansy. sic taxes, s"elemane o other public charges against the
<br />Trust Property, the Mots secured tsY !Ms Twat Dead. M upon account of the debt or
<br />the ten of this Trust Deed, together with premiums for insurance required to bar
<br />provided uneet Into Trust Mad and fro interest shah be peyabft to Truster in
<br />respect thereof. Upon demand by Trustee, Trustor shall deliver to Trustee such
<br />additlonel sums of money as are necessary to make p any deficiency In the
<br />Amounts necessary to enable Trustee to pay any of the tw9giokig hems.
<br />S. AMpemN LMe.'wtor Mail fake all payments of Interest and pdoclp&I and
<br />Payment$ Of any omen charges, fees, and expenses contracted to be paid to any
<br />041111,g tine hOkk" W Wine b"Iclolles under any pilot Trust Deed, Mortgage W
<br />other security presmMl. Wave, the ale they are "Inqusnt and to pay any otter
<br />"Men which Weopardla" the securlty granted herein.
<br />R . PIOWC"h Of Mnm#*Mq'a BeMdfy. Shoutd Tru,l01 tell to make any payment,
<br />fail to do any Oct ere herein provided, or It any "lion W proceeding is commenced
<br />which 11101MIMly affect* 11sne0cery'e Interest In the Property, Including, but not
<br />lunttq to, eminent domain, Inatti -y, arrangements of proceedings involving a
<br />bankrupt Of decadent, than gefellel" ot Trust" but wliheul oalgatan to a 9o,
<br />end without notice to W demand upon Truslor, and wNheut neaslmg Trustor from
<br />any obligation hereunder, may mass of do the same. and may pay, purchase,
<br />contest M compromise any oricumManop' coves M ten, which In tie judgement of
<br />.film appears to affect said pef
<br />PrOty; In exMUsing any such poison, the
<br />Beneficiary Of Trustee may Incur any Ilantllty and expand whatever amounts.
<br />l.eluding debursertents of ht"on OW6 011oneYb tees, which In their absolute
<br />decellon, may 4 . In the eve d met Trustom shall fall to precuts
<br />maunance or to Pay Was. and sWisl as"..mants of 1. max. any P.".nts to
<br />R{I{ing or POW In heldeia M hensficlanes, Il e.frofMj.ry they procure au.h
<br />Inlef&nC* ono mare such Payment *. All sum. iii ed of agvaded by g*n811Clary
<br />nr Tru.l" In accordant. .,in Its Wovtslwis Pl lnle Truer Deed ere e*cudad helsby
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