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1400947
<br />THIS TRUST DEED SJ�
<br />THIS TRUST DEED, made this 22nd pay of _ February ,19 85 ,
<br />be and between:
<br />(A) Ted Hesselgesser and Susan Hesselgesser, as husband and wife,
<br />whether one or more, herein-
<br />after called "Trustor" whose mailing address Is 419 South Tilden, Grand Island, Nebraska
<br />and
<br />(B) Norwest BAnk Grand Island National Association
<br />as "Trustee" whose mailing
<br />address is 202 West Third Street, P 0 Box 1768 Grand Island- NE 68809 and
<br />(C) Norwest Bank Grand Island National ASCnriarinn, 202 West Third Street_ P_ 0_ Rox 1768,
<br />Grand Island, Nebraska 68802 as `Beneficiary" whose mailing address is
<br />WITNESSETH: That Trustor, in consideration of One Dollar ($1.00) and other valuable consideration receipt
<br />whereof is hereby acknowledged, grants, conveys, sells and warrants to Trustee, in trust, with power of sale, the
<br />following described property, situated In _ Hall County, Nebraska:
<br />All of Lot Six (6) and the Westerly Thirty -Eight (W. 38') Feet of Lot Seven (7)
<br />in Block Thirty -Three (33), Being partly in Charles Wasmer's Addition and
<br />partly in Charles Wasmer's Third Addition to the City of Grand Island, Nebraska,
<br />as surveyed platted and recorded.
<br />The Intention being to convey hereby in absolute title In fee simple, including all the rights of homestead and
<br />dower, together with all buildings, fixtures, Improvements and appurtenances thereunto belonging; and all of the
<br />foregoing, together with said property are herein referred to as the "Property."
<br />FOR THE PURPOSE OF SECURING performance of each agreement and covenant of Trustor herein contained
<br />and the payment of the principal sum of0ne Hundred Twenty ThousWiars ($ 120, 000.00 )
<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 Dead; 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 1st day of September .19 89
<br />and all renewals and extenstions thereof.
<br />Trustor and Beneficiary covenant and agree as follows:
<br />respective parties. All Insurame policies faainlarMd pufsusim to this Trust Deed
<br />shall name Trustee and Sensllctary as Insureds, as thoir respective Intweste may
<br />appear, and provide that there shah be, no carkellattan at modification without
<br />fifteen days pool *rill” notification to Trustee and BeMftclary. In the event any
<br />Policy hereunder Is nod renewed on of before fifteen den prior to Its eapiratfon
<br />date, Trustee or 111gril Clary may Procure such insurance and the cost thaeM shah
<br />be sill to the kart secured by this TNSI Died and ahell bow aMerMt at the
<br />greater of the Interest rata specified thetem or the hlghNt Interest rate Wthcalm
<br />by Ihe laws of the 81114 of Neoraete. Truster aheb deliver to 8ehaftcery the erlpinad
<br />policies of Insurance and renswwa thereof or memo coplea of such poncle$ as
<br />felewals thereof, Failure to furnish Insurance by Truslol, a renewals N required
<br />hW*Yndet dab, el the *piton of B"Iciary, constitute a default. All unaenMd
<br />premiums ale hereby assigned to Trost” a$ addittoal Wordy and a sale and
<br />conwyence of the Properly by the Trustee shalt operate to convey to the purchaser
<br />Ine Truster's Interest Inane to all pollees of Insurance upon Ihe Trust Property
<br />T. Tasty had Apleasi owes. Truster shall pay an tea#$ and special sseassmenH
<br />leYned or awned against a clue upon the Property alora delinquency, end -1,
<br />dehrar, to 8lnellclary eoplas of '@**lots showing payment of Such rates End
<br />special eaaeaamefs. 11 ®efYeltelary shall go to"al, Trustor agteN that lha +e soil
<br />be added to each periodic osyment requlfed to be made berauripat an aniounl
<br />estimated by Trust" to be sufficient Po aaoa Truslor to pay, of total .Tp days
<br />before delinquency, all lases, asseem"anls of othor, public charges agSIAM tore
<br />Trust Property, the Note seculod by •1116 Trust beau, or uil account of t" cool 01
<br />the lien of this Trust Deed. logelMr *tin plomni ns for ,n autance tP4.red to Oe
<br />pfovufad undaf this Trust D"tl and no ,nlaleel ehan be payable to To,.vo,
<br />rested thereof. Upon demand by Trust ", twmot sou aeuve In T,i,slaa loth
<br />additional Bums of money as are nocoallory In rusk. up Any ()nnclenty In Ilia
<br />amounts necessary to anal" Trustee to pay any of IM 10fagomg dtmB
<br />d, AddM" item. Truslor "it make all paymero of interest and prmcgyai and
<br />payments Of any other charges, In ", as sageness c0rtfsclad to le pad to env
<br />Oalsting lion holders or pilot hen ®fINSI1M under any pilot Trust D"d, Mori~ Or
<br />other security agreement, "lets the ate they file dellnquant AM in pay any mot
<br />claim which leopoduos the "bully gfonlW heroin
<br />g I'fOMG tee 01 8eeflelery's "CWty. Should Truslot fan to make Any paymam,
<br />fall to do any act as heroin pftniod, or It any action a1 p" opecing 1, Cincin ant end
<br />which maroauy all"To pohauclarya interest ul the Prppwiy. Including, bul not
<br />limnod to, eminent domain, Insolvency Altongamenls or piocoodiogs ivtoi,log A
<br />bankrupt or dA oolool then befleficlary of Trust" bnt wdfu I ubu4all 1 d
<br />and Yrbh"t notice to o' demand upon 111.0101, and washout nc os ng 7,,,.l t. ,
<br />any obl'"llnn hole -der, Ina, maaa t,, tiff Ilia Aan,a. and n ii, "it, "oll"AAh
<br />ronleat or climprtnuas alt, 6-unnbra,MO car4e., Ian, win,h n Ilia n, lgen,enl
<br />hnnaf spore's to alfacl Aald Pl0iiorty. " O.Milaing Ally Pi,t r' f "'w era I1`P
<br />nonothop, ur trust" may nrur Any Ino"lov Aml nRi`n n,l w1on,
<br />0 ,1�sau, a9mrnl, M ,ma,nnat's slldlnay a fnn«
<br />,11 of All in ,n AY be neGOSaw, 1 InS SYOrI ihrl 1,Vat , rn 1 ,., ,
<br />„.a„ran(.e I i'a1 IA,aB, an,t flpm:l Nl aR RAY Rn,Pnla ,• !•Arm A "Y 1 AY
<br />• al r,p ,• ',R, n, iAa,a „ ,a1< a 11 N "rrnl �e,1 ,
<br />,inn ai I 1 aY he `,la a n I ., eYl'e ,IR Yol' ttanAl ttH„
<br />.reran . a. , fa ,a err n 1 1 ,. w, , n 1 .a „I Bead a 0 al. (, a,l ,n anY
<br />1=
<br />I WON" M Tide. Truster Is lawfully seized of the Property; 11 has goad right and
<br />tawl eutherty to need and convey the Property: the Properly is free and clear dt all
<br />lens had ormumeranc" except lies now of record; and Trustor will warrant and
<br />defend the title to the Properly unto IM Tru \tie and Its succasote and asalpna
<br />rergyar, agaket tMClalra! Of all pereens. TIY\lor, at Its eNllan", will maintain and
<br />pleeMMee the Ileh of Ill Trust Deed as ■ an upon IM Trust Pfowy subject only to
<br />ecs"Wwlm selethlg"of the dale hereof, will cause this Trust Died, and each
<br />snwiem rm or supplement thereto, to be filed and recorded as a mortgage of IM
<br />Trust Plsperly in tlWh manner ane in such piece, and will take Such Other action as
<br />in "M oei+fMn of Trustee may be raculred by any pmoNnl Of future taw in order to
<br />paMGl, mwfilwfl and protect the He of me Trust Dead, Ss the same may be from
<br />tare to time amended or aupplementad.
<br />2 PsOR M M PteeyN artd lalel'aaI Truster shell punctually pay the principal of,
<br />erg Oriental en, see prdmdaeory rate Including any advances thereto as pfovded
<br />tYOter" of IoM del" Otto el der Pace and In IM manner provdad Margin as will
<br />pMfWM all agreeMnN, conditions and provisions of any other "curtly
<br />insfiftafflillm given in NnMCtion wlbt this transaction
<br />3 PPaasrtdMerl per M *ftft she of Ply, Truslor will not commit any west$
<br />ups that PMWty And wdf, of all times, maintain the shwa In good Oder and
<br />and will make, from ilea 10 time, all napalms, renewals, replacement&,
<br />adeallovis cog finfireorpmento which are re"phebly requlleo to parent waste,
<br />. or daM foref"" W led erOWY No building o improvement now or
<br />hereafter arestad Yoe IM Pr0WtY Sall a adored. +omoved or demolished
<br />E the Prkr anlen conasnl of eahef iciafy.
<br />a Oplle" MY "Nip. In Case of any damage 10, or (41MINCIOA of, IM buildings,
<br />er Ifereeref prgparty conerllubntp pall Of file Trust Properly, whether
<br />Sddff MN to 6overad by MVWO cs Or othooll TfuSlov, at Its solo cal and
<br />, will ty room, /tau. fewa:a Md rebuild the aff a as early as
<br />VIKV6ata M Ita60041ttan aRNPtsdigiQiq pray, to t ich donate or d"Iructicn or with
<br />$cmh changse and erMUNlea 19 Truslor may dent Appropriate provided! such
<br />6f and wi 4t wM do at materially ueaen la value and utility of such
<br />Improvements and "fadMNit from 101 $aftp ,mma
<br />ng dleleiy poor to
<br />push er destruction tolltor shall be entitled to relmbui,ernenl from ins
<br />Tfull ee totes t,tel of to not insurance W"seds race ved by Tluslsr, bul only to
<br />try $Niel of the actual ►um eapertoed Yrldal This plovisio ,
<br />5 coperahle T , If T r t 1 r 1
<br />rlle14r u4 tH 0 e a(7 allnn , sun , i II h n
<br />pru 1 l A l , ids noc4s,Nry In
<br />B +eMM1e its 6qI pYlete aalgtelR; W. Ogh1a andprmiegas URJor pen ,no, IIna OI
<br />stele
<br />"s inca+pofaf�rll
<br />l hMpMea. TINStQN, at 11% ovponge ivol Inelnlaln wllh m.or. , N 11,11 ra,l fly
<br />BenefnG,el,. I`Hhcanl:t r nh •aaper,l r0 it" t,nprnrernantn .111 1.e, R!,rial '11",n11y
<br />'onsilwong the pl6n wly 6441.61 ,Oat by h,a "ablolnp, lo"lod„ dart 'A"o,
<br />!-Wed by ,1014Md 4 14ndad 1c.eroeh tnuf same t . r I,nl a Ills h, a•
<br />,lima! ""'t n "'bad ",eont of the 1 ill '01"fi to W, AI ,q 1 „ nor And r a rranv n
<br />s4a1�,At BiNih rYihel nAt6lda A r9 n B�a.l, Sn uunl DR IR cu Rltm,Ar. y ip.l Ir �rw „err,
<br />And epa+all is rte ,Im,Ib1 IYr „pavhAa and 6, denaln:laty ,AV ano•N I..1 d9
<br />p w,in v 1t r ,•Ihn, ,RY7 1 .. II 1 a. ,v,
<br />a+l�gat a C",Ik,llnl, by rid era ,.n , lIn r IarRel .' I'.n
<br />i
<br />respective parties. All Insurame policies faainlarMd pufsusim to this Trust Deed
<br />shall name Trustee and Sensllctary as Insureds, as thoir respective Intweste may
<br />appear, and provide that there shah be, no carkellattan at modification without
<br />fifteen days pool *rill” notification to Trustee and BeMftclary. In the event any
<br />Policy hereunder Is nod renewed on of before fifteen den prior to Its eapiratfon
<br />date, Trustee or 111gril Clary may Procure such insurance and the cost thaeM shah
<br />be sill to the kart secured by this TNSI Died and ahell bow aMerMt at the
<br />greater of the Interest rata specified thetem or the hlghNt Interest rate Wthcalm
<br />by Ihe laws of the 81114 of Neoraete. Truster aheb deliver to 8ehaftcery the erlpinad
<br />policies of Insurance and renswwa thereof or memo coplea of such poncle$ as
<br />felewals thereof, Failure to furnish Insurance by Truslol, a renewals N required
<br />hW*Yndet dab, el the *piton of B"Iciary, constitute a default. All unaenMd
<br />premiums ale hereby assigned to Trost” a$ addittoal Wordy and a sale and
<br />conwyence of the Properly by the Trustee shalt operate to convey to the purchaser
<br />Ine Truster's Interest Inane to all pollees of Insurance upon Ihe Trust Property
<br />T. Tasty had Apleasi owes. Truster shall pay an tea#$ and special sseassmenH
<br />leYned or awned against a clue upon the Property alora delinquency, end -1,
<br />dehrar, to 8lnellclary eoplas of '@**lots showing payment of Such rates End
<br />special eaaeaamefs. 11 ®efYeltelary shall go to"al, Trustor agteN that lha +e soil
<br />be added to each periodic osyment requlfed to be made berauripat an aniounl
<br />estimated by Trust" to be sufficient Po aaoa Truslor to pay, of total .Tp days
<br />before delinquency, all lases, asseem"anls of othor, public charges agSIAM tore
<br />Trust Property, the Note seculod by •1116 Trust beau, or uil account of t" cool 01
<br />the lien of this Trust Deed. logelMr *tin plomni ns for ,n autance tP4.red to Oe
<br />pfovufad undaf this Trust D"tl and no ,nlaleel ehan be payable to To,.vo,
<br />rested thereof. Upon demand by Trust ", twmot sou aeuve In T,i,slaa loth
<br />additional Bums of money as are nocoallory In rusk. up Any ()nnclenty In Ilia
<br />amounts necessary to anal" Trustee to pay any of IM 10fagomg dtmB
<br />d, AddM" item. Truslor "it make all paymero of interest and prmcgyai and
<br />payments Of any other charges, In ", as sageness c0rtfsclad to le pad to env
<br />Oalsting lion holders or pilot hen ®fINSI1M under any pilot Trust D"d, Mori~ Or
<br />other security agreement, "lets the ate they file dellnquant AM in pay any mot
<br />claim which leopoduos the "bully gfonlW heroin
<br />g I'fOMG tee 01 8eeflelery's "CWty. Should Truslot fan to make Any paymam,
<br />fall to do any act as heroin pftniod, or It any action a1 p" opecing 1, Cincin ant end
<br />which maroauy all"To pohauclarya interest ul the Prppwiy. Including, bul not
<br />limnod to, eminent domain, Insolvency Altongamenls or piocoodiogs ivtoi,log A
<br />bankrupt or dA oolool then befleficlary of Trust" bnt wdfu I ubu4all 1 d
<br />and Yrbh"t notice to o' demand upon 111.0101, and washout nc os ng 7,,,.l t. ,
<br />any obl'"llnn hole -der, Ina, maaa t,, tiff Ilia Aan,a. and n ii, "it, "oll"AAh
<br />ronleat or climprtnuas alt, 6-unnbra,MO car4e., Ian, win,h n Ilia n, lgen,enl
<br />hnnaf spore's to alfacl Aald Pl0iiorty. " O.Milaing Ally Pi,t r' f "'w era I1`P
<br />nonothop, ur trust" may nrur Any Ino"lov Aml nRi`n n,l w1on,
<br />0 ,1�sau, a9mrnl, M ,ma,nnat's slldlnay a fnn«
<br />,11 of All in ,n AY be neGOSaw, 1 InS SYOrI ihrl 1,Vat , rn 1 ,., ,
<br />„.a„ran(.e I i'a1 IA,aB, an,t flpm:l Nl aR RAY Rn,Pnla ,• !•Arm A "Y 1 AY
<br />• al r,p ,• ',R, n, iAa,a „ ,a1< a 11 N "rrnl �e,1 ,
<br />,inn ai I 1 aY he `,la a n I ., eYl'e ,IR Yol' ttanAl ttH„
<br />.reran . a. , fa ,a err n 1 1 ,. w, , n 1 .a „I Bead a 0 al. (, a,l ,n anY
<br />1=
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