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<br />THIS TRUST DEED, mad® this TRUST DEED 85, .._ -18th oay of June _, 19 85
<br />be and between: __ ._
<br />(A) Rudolf F Plate and a)Panniro R Plate, Husband and Wife and Tim C. Plate and Debra D.
<br />Plate, Husband and Wife
<br />after called "Trustor" whose mailing address is 2514 South Locust, Grand Island, Nebraska Nebraskahe68801
<br />orwest Bank Grand Island, National Association and
<br />(B ) ._. N R
<br />address Is P.O. Box 1768 Grand Island Nebraska 68802 as "Trustee" whose mailing
<br />(C) _Norwest Bank Grand Island, National Association and
<br />P.O. Box X768, Grand Is 1 and Nebraska 68802 as "Beneficiary" whose mailing address is
<br />WITNESSETH: That Trustor, in consideration of One Dollar ($1.10) and other valuable consideration receipt
<br />whereof Is hereby acknowledged, grants, conveys, sells and warrants to Trustee, in trust, with power of sale, the
<br />following described property, situated in Hall
<br />County, Nebraska:
<br />Parcel 1: The North Seventeen and Eight Tenths feet (N 17.8') of Lot Eleven
<br />(11) and the South Fifty Nine and Seven Tenths feet (S 59.7') of Lot Ten (10),
<br />Block Three (3) Southern Acres Addition to the city of Grand Island, Hall County,
<br />Nebraska.
<br />Parcel 2: The Northerly Sixty (60) feet of Lot Ten (10) in Block Twelve (12),
<br />Rollins Addition to the city of Grand Island, Hall County, Nebraska.
<br />The intention being to convey hereby in absolute title in fee simple, including all the rights of homestead and
<br />dower, together with all buildings, fixtures, improvements and appurtenances thereunto belonging; and all of the
<br />foregoing, together with said property are herein referred to as the "Property."
<br />FOR THE PURPOSE OF SECURING performance of each agreement and covenant of Trustor herein contained
<br />and the payment of the principal sum of Ten Tho us and and M/_.1Qmollars ($ _10.000 00
<br />as evidenced by a promissory note bearing even date at the rates of interest the 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 is t day of July , 1995
<br />Trustor and Beneficiary covenant and agree as follows:
<br />t Wanenty of Title. Trustor Is lawfully soper of the property, It has
<br />good right and
<br />lawful authority to sett and convey the Property, the Properly i, tree and clear Of
<br />liens
<br />respective parties. All insurance policies maintained
<br />all
<br />and encumbrances except trails now of record. and Trustor
<br />pursuant to this Trust Deed
<br />shall name Trustee an Beneficiary as insureds, as their
<br />will warrant and
<br />defend the title to the Property unto the Trustee and its
<br />respective interests may
<br />fifteen, and provide that there shall
<br />successors and assigns
<br />forever, against the claims of ail persons. Trustor, at
<br />cancellation or without
<br />fifteen days prior written notification to Trustee
<br />to
<br />115 expense, will maintain and
<br />pr @serve the lien of this Trust Deed as a Ilan upon the Trust
<br />ru and Beneficiary. the
<br />In the event any
<br />policy hereunder is not renewed
<br />Property subject only to
<br />encumbrances existing as Of the date hereof. will cause this Trust Deed, and each
<br />amendment
<br />clays prior expiration
<br />date, Trustee or ro or before saran days prior to its
<br />may procure Such insurance and the cost
<br />or supplement thereto, to he filed and recorded as a mortgage of the
<br />Trust Property in
<br />thereof
<br />loan thereof shalt
<br />added to the roan secured by this Trust Deed an shall bear interest the
<br />such manner and in such place. and will take such other action as
<br />in the opinion of Trustee may be required
<br />at
<br />greater of the Interest rate specified therein or the highest interest rate aulhowed
<br />by the laws of the State
<br />b
<br />perfect, maintain and protect rile 11 nine
<br />of Nebraska. Trustor shall deliver to Beneficiary the original
<br />policies
<br />@n of }firs Tres Deed, ramie may be �rorn
<br />time to time amended or supplemented
<br />of insurance and renewals thereof or memo copies of such policies and
<br />renewals thereof.
<br />.
<br />Failure to furnish insurance by Trustor, or renewals as
<br />2 P®Ymen1
<br />required
<br />hareuntler shall, at Ins option of Benefiriary, constitute default
<br />W principal and Intsreet. Truster shall punctually
<br />a All unearned
<br />premiums are hereby assigned to Trustee as
<br />and interest on.. said promissory note including any advar.,;ps�ln@ to
<br />additional security and a sale and
<br />conveyance of the Property by the Trustee shall
<br />as provided
<br />herein on the dates and at the place and 1n the mariner Provided therein
<br />op @rate In convey to the purchaser
<br />the T•ustor's interest ,nand to all policies of insurance
<br />and will
<br />punctually perform Bit agreements, conditions an
<br />upon the Trust Property
<br />Instrument given in connection with this transactio,�ovisions of any erngr yecurlly
<br />7 Taxes and Assessments. T.
<br />sthe
<br />PfeaMYatlHn
<br />;avled or assessed against or du@IO upon Propprty bet�rr@ delNnquency.
<br />and MaMtsnanCa Of PT Tr
<br />upon fn@ Property and will, nr w
<br />an wig
<br />deliver to Beneficiary Copl @y Of r @f. P.ip1a ShpWln
<br />at all rim@ amta+nt the ,is( in n y d Order an17
<br />conditlo and will make. from tine@
<br />gpeC'ai assessments It Beneficiary sha!I so request,, rrostor agre @s final lh @re sttal
<br />tap
<br />to tuna, all r @Pairs, t@newal5, reulacemet.ty.
<br />additions and improvements
<br />added to each p@flodic payment required to be made hereunder an amount
<br />estimated
<br />which at@ reasanabty requited fC pr @vent waste.
<br />mpairtnant, or deterioration
<br />by Ttuste@ h) bf, sufficient to enblp Trustor to pray. at !east ;i0
<br />of said Urop@rty No building gr lrnprovenient now nr
<br />net@alter enacted upon the i- +rofeity
<br />tlefor@ dei+n days
<br />Vu@ncY, ail taxes, assessments or other
<br />Trust
<br />shall ailarpd. ramovpd or demolish @d
<br />w {lhout the uflor written
<br />hainst the
<br />Property. the Note st+CUt @i1 by 'hiy Trust [)h @d. i'ir uVnraci;
<br />consent of Benefiria,y@
<br />i>,iClit of the debf
<br />lee @r of the T1u!;t f)nf,d. together With }rf•mlums hit utr uran !,ouun+t to he
<br />prpvi dad under this Toi f Deed
<br />tpf�a,����..
<br />4. °-'• PFppeT1Y. in ease of any damage 10. err dustrl,chon If the
<br />and no ini@rpyt "hall h@ pav 3Ci tri Trustor ,
<br />It "e f titan iftntarnd Py Tlustee. T
<br />butidingy,
<br />mprov @meni'i or personal PtoParty cormstduhn ,
<br />g Fart of litn trust er "p @rl y, wh @ih @r
<br />such liras ie enverad
<br />u. tclr tihall dplivf r fi) Tilts tae sal h
<br />011111141 yarns ui mf,ney aS ,a1e necfisvr`u, h) make
<br />b loran n ^e rrr r
<br />y a - )the w se lfut.Aer at 11.
<br />eypense, will Promptly 9 1p rust ;and
<br />,in• 11,,1f.r „t, ,any deltt,ency 11, the
<br />.e tw�aiy 1t', etla Pie Tlw b li) pay arty of the nlregiililq'tell"
<br />y eytvrn FA e.Pla; n Intl build thf Senile as nearly .ls
<br />fracticaDl @EO ilsCOnddia
<br />lrntmeefinfely :tier Ion Sur fi talnai t l „1 ,,t
<br />such roan w,1h
<br />gefl and fillet
<br />N Additliand, Liens. Tru9tur steal1 make all payments <il tilt @rust snit prmcipai
<br />atit nS r3 tJ it i ,1i r mra y tlnn /ti ail r, pilaf. r ;v,dH(1 .RUC -h
<br />changes and alterations rho
<br />and
<br />!�aymenls of any other Chalgoq foes, and @ap@nnraa cpniraclnU to blv Io
<br />nor materially lesson file vale a. ,anti r.l 1tv i0 quch
<br />buildings,
<br />${s imprgv @ih @rite
<br />paid Illy
<br />nniyhng h @n ill >idprs r,i prn>l beneficiaries under shy Pilo, T,u!,I Laepd. Mortgage
<br />an P@fsonallty (its rri that eyi51 Q fr,w d lla�.,y It ,, In
<br />such damage Of dosttucbnn Tru,sli
<br />er soc:u111 a 'rcaa menf, t„ I),
<br />Y b i,lore the data lbN are dell" ua ill Afn,1 to
<br />y q pdY ally Other
<br />iii
<br />�t tall he ftntiltnfl }u p„- it,,,,r ;e n,t±nf intuit the
<br />Trustee to the extant of the
<br />c'faina vth,, h en
<br />1 . paid+. @s the y@l:urily prantpd h @rein
<br />not lnsuranr;@ prat @ads trot hv',., •,r�r.
<br />the @slant of the sc'fual sum [gut only to
<br />4 pro'""*"
<br />@spend @d ooder this t,rov'll rn
<br />5 Corporate, Truster. it rruy!oi
<br />of ®enatioisry's Security. Should Trustor fall 111 rj ke ,fin )
<br />fail In die any ac 1 aN herein lunvid @d, of if arty ,action r i y i ayrrlel)t.
<br />y Pic c epcl,nd tv
<br />.s a at
<br />1 ' w��! ! -i ri��
<br />bre9arv(M i� r;(Pe_rra t@ yin tet.t; fl ,�qh1, +II. .l I.r N i li'li .,Jf'" r ".
<br />a ail ;9 YV fhn `.I -.f
<br />�!s `fi'to
<br />vr.:, t i:onlmeninct
<br />are',a v ii ; Heneflciary'y Inl @rent '.n the Property lr lutlttrq, Put not
<br />:.till hot} t1. aiitli t 1 (- 1Yllln r SG�vfg1 Y it eingetlt{y`i ltM
<br />.oratirjn Aff�. i
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