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<br />TRUST DEED 85— 003281
<br />THIS TRUST DEED, made this9th say of Jul , is5 r
<br />be between:
<br />(A) Timothy E. Enck and Sherilyn Enck, Husband and Wife and Terry J. Enck and Janet K. Enck,
<br />Husband and Wife , whether one or more, herein-
<br />( after called "Trustor whose mailing address is 212 North Wheeler, Grand Island, Nebraska 58801
<br />and
<br />_ as `Trustee" whose mailing
<br />addressis Box 1768, Grand Island, Nebraska 58802
<br />(0)rwest Bank Grand Island National Association and
<br />• Box 17 8, rand Island, Nebraska g as "Beneficiary" whose mailing address is
<br />MTNESSETH: 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 />The Northerly Twenty -Two (22) Feet of Lot Fight (8), in Block
<br />Sixty -Four (164), in the Original Town, now City of Grand Island,
<br />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 agrgg�7�ant and oov ,rear Q Tf } or herein contained
<br />and the payment of the principal sum of Thirty -Six Thnticanrir 1e (�o�g ta.tintl(1�(l{1 =� - - --
<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 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 1st day of August 19 95
<br />Trustor and Beneficiary covenant and agree as follows:
<br />respective parties. All insurance policies rna ;nra+neO pursuant to this T? at Deed stall name Trustee and Beneficiary as i sureda, as the. respective interests mall,
<br />appear. end provide that there entail be no canCeilation or mDddtC tton wifttoul
<br />fifteen days Prior written notification to Trustee and Beneficiary. in the avant any
<br />1>01iCY hereunder is not renewed on or before Itttoon days prior lip tiS oAiNratton
<br />date, Trustee or BenOt+ciary may procu a such insurance and this coat thereof stair
<br />be added to tfte loan secured by this Trust Dead and shail boa, inWest at the
<br />greeter of the interest rat! SM4f*d therein or the highest inteirw To,& auIh,,j39d
<br />by the taws Of the state of f*braska. Trust shah i phyer to awwtciery the or4 nai
<br />ttdiiokes Of insurance and renearata thereof or ryv&mo copies of such poitclas and
<br />renewals ttmeat. Failure to furn+atp, �insurance by Trustor, or rr,,earola as required
<br />herfnder shati, at the option df constitute a default. Ali unearned
<br />premium's INTO herVtty IN"nod to Trustee as additoftj security and a a" and
<br />conveyance of the Property by the Trustee stein of alt to c to the
<br />the Trustor's derterest in and to all policies of insurance upon the Trust prorporly
<br />7. Taxes and Awwpaaift. Trustor iii pay ail taxes and special assessments
<br />levied or asaesaad against or due upon the Prosy WOM awlitfu y, of wrrl
<br />deliver to Beneficiary COP*$ df F&MOta payment of such taxes and
<br />special tor. If Borroffciary shaft so requatel. Trustor agrees that tyre a1
<br />be added to each periodic payment naQverod to be made hereunder an amount
<br />estimated by Trustee to be sufficient to enable Trustor to pay, at least 3D Cars
<br />before delrtqufrocy, ail taxes, a moms or other public orange, +'tai Free
<br />Trust PrdpOrtY, 1fM Note secured by 'his Trust peed. Dr upon account of tree debt or
<br />tie lion of this Trust Deed. together with premiums for insurance required tc bf
<br />PlOvid6d under this Trust Deed and no interest shalt be payable to Trustor
<br />respect thereof. Upon demand by Trustee. Trustor shall deliver to Trustee suet,
<br />additional sums Or money as are necessary to make up any deficiency in lint
<br />amounts necessary to enable Trustee to pay any of tree foregoing items.
<br />®. AditeeM Usas. Trustor shell make all payments of int t and princ,pal and
<br />Payments of any other 0% Ufa, lifts, and expenses contracted to be paid to any
<br />existing 'ton holders of prior beneficiaries under any prior Trust Deed, Mortgage or
<br />other security agreement. Were the date that, ore 001+ngiuent and to pay any other
<br />claim which OOPGNiM tyro Security granted bemn.
<br />g. Prala~ Of bttINnai040 SSCWMtn, should Trustor fail to make any payment,
<br />tail to do any act es herein provident, or if try action or procesi
<br />Ig is C am "lanced
<br />which materially efracls Beneficiary's interest in the ProWy, including, but not
<br />""'it" to, eminent domain, inaotvency, arrangements or proceedings involving a
<br />bahkfupt of decadent. then Benefteiery or Trustee but wghoul obitgetlon to do ao.
<br />and without 7104100 to or demand upon Trustor. and without releasing Trustor from
<br />any obilgation hereunder, may make or do Iris same, and may pay, purchase,
<br />contest Or compromise any oncurnti ante, charge or lion, which in the iuogemont of
<br />either appears to affect said Property; in exorcising any such powers the
<br />Beneficiary or Trustee may incur any liabitdty anal expend whatever amounts.
<br />including distaur�rrkinta of reasonable attorney's tees, which in their absolute
<br />discretion, may be necessary, in the event that 7rusiol ,hali tali 1u prucur €�
<br />insurance or to pay taxes. and special asaessnienis or to Make any (tae mints to
<br />existing ar prior iien holders or beneficiaries. the Boneti,,ari „lay procure such
<br />insurance and make suett payments Ali sums ,e,curred or e..;,, r, ;Sera Ur penehc�ar,
<br />o= T. ustee in accoiriance with trio provasra =5 11 !his Tr,,, llreo are securerj rent y
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