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TRUST DEED 1Li�••�.ef-653
<br />THIS TRUST DEED, made this 30
<br />be and between: day of-- `'mil -y 19 85
<br />(A) Larr D. S Janet K. Cook d b a Larr Is Automotive '
<br />after called `Tnrstor" whose mailing address is whether one or more, herein -
<br />�an as hnhra aka 6RRnl
<br />B1 and
<br />awron is 2Q2 West Third Street P 0 ox 1 as 'Trustee" whose mailing
<br />rCj Norwest Bank Grand Island National Association and
<br />Box 12
<br />as "Beneficiary" whose mailing address is
<br />a
<br />VWTNESSETH: That Trustor, in consideration of One Dollar ($1.0p) 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
<br />County, Nebraska:
<br />LOT ONE. (1) AND THE NORTHERLY TWELVE (12) FEET OF LOT THREE
<br />(3) IN BLOCK TWENTY FOUR (24) UNIVERSITY PLACE, AN ADDITION
<br />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 tee rmance of each agreement and covenant of Trustor herein contained
<br />and the Payment Of the principal sum of HUNDRED ONE OUSAN
<br />as evidenced by a prong �"g�yga - 101 -169 �� )l
<br />Promissory note bearing even date at the rates of Interest thereon which may hereafter be paid
<br />or sdvanced under the terms of this Trust Deed; both principal sum and interest thereon being payable according
<br />to terrru ON loth 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 />Pte, shall be due and payable on the 30 day of July
<br />and all renewals and extensions thereof. 19. 87
<br />Trustor and Beneficiary covenant and agree as follows:
<br />f I1 T nw cis ewfulty sea" of the Property: it Ms poop right and
<br />"on"d OMSy the Property; lM F
<br />asle and G asp "Cast ,lane now o1 and T, i8 or •rill Char Df set
<br />is b""' p,a flhe to ale record, its Trusts will W d ausi erid
<br />to "Do' gahet the adef Uers ns TrwMS . I its successors ales om e,6
<br />Persons Iran upon , a Its eaperi&e, w1N IMlnialn MO subject only "Fame a Man Of %Trust "a Dad on hen upon the Trust
<br />arteHrp es IN the , ffela0}. will Cause thiss Trust amt each
<br />T t w afal "Mon they..o fee tap Nee -Mwdq as a mmteage Of the
<br />f" "m million pfaaatY n' 1MOJ1i eeruferae such peace. and will take such other actlpn q
<br />per IN � "I" w resulted Of t is am Pl/eant or future fair In prWr to
<br />drffate ttefeshl*rlgpd awle6l the Wn IN this Trust ow ee the "tie may be from
<br />md 1s tale aM ""mat Trust- seise punctuahy pay the onn "I ol.
<br />Awe" ra gte Makes x116 race inclwNnp any ayancl,s thereto s6 prOYMac
<br />Ptena air in the manner Woyead fMfsln and will
<br />gwarl *if a mmmmon, f�C �Ptor'1stons Of any other security
<br />stow -"Fromm � ��M #'�'ty. Tluetot w!!1 nit tORinllt any wpbs
<br />Molmly and ved ,isle, flan hove I" a "ink ale aawe In good Order and
<br />Samoan aid raeelrs, tenewah. fePNMWftnts.
<br />Monument, a wmtr eta '"**"My ma lrea to smiled weete,
<br />ffaraeftp efaatea opal g,p O*w omperiy No building or rmororewent now or
<br />P" of afeff be alefad, ramore0 or dart1011shetl
<br />ft"Ma the""* upon r IN f"y WWI b
<br />s' �� r te. On Glee IN anY Msepa te, or destruction of. fM buildllegN.
<br />is OOewaa syy u a /tutmg pat of the Trva Prgpgrfy. whe1Mr
<br />eftfertee&. Truax. at Its soh cast and
<br />memo *afar' MP9ate sill latwId the mama as Mary e,6
<br />e4e,a aA y awl w such damage a Mstruclfon m wim
<br />, Trwlor may desm aPProprMIN W."dod such
<br />es Ole ahaethl* he AC] rMhfNl /y haNli the raluc antl utility of such
<br />�, a meftros. frosai,W Ilom love eafshng ImiTeOUleiy poor t0
<br />Trustee to she Owner of Iwtgr regale ite Mbihd to nuniouusematil from the
<br />the oriel,, of no acts + &wvemMl fnavrance {nocaedf racalyed br Trualse. but only to
<br />ere >perieeo uneer true prOytaron
<br />5. Of ®steel If isuaaf Is a catPpraflan. n WIII Qo ell mines n ,esu." In
<br />fY6 <�€NO6Neflan Moss. lights and Prrylhties under the I ■we, w Ins stets of
<br />G TrwsOf, at rim f lea, will malnlarn with maurnra annrp , by
<br />Osnsfl;,tarr rnsursnrc w +In rssaecl to Ina rmnroYSmnnta ann osrsuna� nrppnrly
<br />f.a larl4ubng nyn P. rig epamar Iriss Or fire. li ntmn win.t4r� and nlhn' irv!rria
<br />:! rM9 W ahrwl,rtl arisnosd rvrareyn ondarsernanly n•. an an!uunl sows tr. al
<br />Ita21 r +try boogied p8'tanl of me full rsnla<:amnnf ralun Il+r!r @+il, oriel msuan::n
<br />ace'° al au notfeg oiler's will :suer >amaunt es Ice eustrsn
<br />e•x: 'w. alit R r a+m err nt'r[w.l VN ante as Nntrolrr:rarr 'euuunY t'WnalS
<br />Prrxla. i 1 ,taco nil rau.l.remnr In
<br />r r- f,: !rlryq rBiivea�p!yS iL �ta,.I r)�iygry ' +4ur&n ?;n nI IrurN.r +191rng1 rrl }�r
<br />roowtlw Dart. all Insurance PO11Ces msmtairiad Iiursuani '.i th{6 Ttwi Del,C
<br />Shall name, Tlwtee and suho,lary es th"red&, as that e6pl,tttye Iml,egtf ,MY
<br />appear, and provide first Item shell be no cencatetwn ter mOtllflt w ;Nbir,
<br />'I'M*- deg■ Door written rrotiNgIran to Trust" cewn gap gsMfaCiary In IM aWMI soy
<br />elate, Truehe or Il�d wry —ttl is w before . N1Mn hays pM+ to Ise more ban
<br />be added to the teen ry Y WOCUre slush mwrame aM the coat ""mat shel{
<br />91"W IN the Interest -ufetl by this Tfwl Deed and shelf beer Interest al be
<br />by the _ apaclhsd "ohatln Or the highest Interest rate Outhemsed
<br />olehs ef IreurMq aM"oomme.
<br />Dl Trwlor sisal aetner te BeMystery pfewlglaN
<br />laYah fffera0l. PeNUte t0 furiitere "wow a afar0 of such Pe1Mtee sew
<br />hareumter sheN, at ilea to fu ni lMum"M al' T"'OWL a ormeate as Iagvlfed
<br />premiums are fte,eey assigned to T tN�y a eeta, a ate unearned
<br />conysyanee Of the Pr"Mm by the Trustee shell cowers wsacurhy end a sea air
<br />the Trwta'f mtereal m are IOaN P011Ctes Of Insurgwpe upon "wTrust ". Purchase,
<br />layod Of sad AOMNS eaef. TruaOr &hall pay al lases pus Imam,
<br />saOUwd Spinal Or tlw saNssnwts
<br />QNlpr t0 agaTwhrY COphs OI fefgtpti y %OesitY here giiMesMY, air will
<br />spegel aaeaaenlNlte. i} MMfkN atoll ao "Owing leyrient of Muth tang aid
<br />be added to seem % feavaa, Trueta agrees that tram shall
<br />eatifteled by Trwlee 10 ee -Matt lr sfun" to ee Mose hereunder an am®sfnl
<br />before delinguerfty_ aft Hap, as 0, ho, pu li Bey. t Iq■t daY6
<br />Trust PlO m"y, the NOte se[ufac by ym'sha ivat OLlmgo, or upOnli a Ceaulg s "'naot long
<br />the Iron of this Trust DNa. lo"Ihg, with Rm n, rlif for Insurance tegul@d lU oe
<br />Mo riatl hereof tnh Tlwl Dead and no Inll,eal atoll M pmyaoh, to Trwlor In
<br />audit IMfeal. UP" demand by Trust ". rueful, shall olnof to 7rurms Such
<br />itKxfef awl* of money as am ro"I" fy to mesa up any eelltency In the
<br />atllOUnte iteteeaary lO anabM Tlwles (0 eeY any
<br />Of Ihe torggoing dame.
<br />9. AaNaaas161Me. 1 /Ye,• en' I make all payments of Interest and Principe) aria
<br />payments of any other Chalon fees. and "P*-*" Contract" to be paid to any
<br />noting Ilan "Orders of prior i"fml*"tq under any prior True, Dead, atoftgags or
<br />~ security agreement. befell, the defy they am tlalfnqueni and Ice pay any other
<br />claim whmh I00O1lMtM the gcwlly granted herein.
<br />N{ te�M ace ig �,"'I , n,. Should Tnwtor }ail ice n "a any payment . al growing. or if any action Or prounging is commented
<br />whu"' mateflally efface 8~1co"'s Inlafgl In IM
<br />hm'led lo. MinOnt damain. throlrsncy. 9rri PfOP oc dingsditg. but e a
<br />oantruPt" decedent, than ngerMr.1 g proceedings m1OJylny a
<br />grid without "oboe to or Und up— 1 7ruslN brie wtl t "InetWn in , I so.
<br />any obligation halal aemsrW upon Trustor. gM without rwha9ing Trust "r boor
<br /># neer, may mats w dO IM Santa . and may Pay . putetiasw
<br />elpfer 1 or cOntpromise •fly efwumbr &nits. charge or 1w, which ih ins ludpemenl nl
<br />Narlahei09 p!&7rust May aineurri_r jj &Mille sand ®00"0 g *,iVwhgtnva r.an punish
<br />fl
<br />nclutllfrg saurarthenls of regonebla &t1un' has wln�n rn than' ahsr +oleo
<br />tltlC rain. nisi Its s s n., ,,r � rrN elan! Thal Tlu ■tor shall lW' In u
<br />BugnUa c t pay le, ,I tin L:ia erases a it t'. aR a 1 1 y rig
<br />fell lrnQ n' i Itg h lids renal a s N 1
<br />aUr&nLPa "m &e. ht rtifnlA a' f 1 '
<br />.. 1 v _ Ih 4 T t al tlnn.. nu re. rr n. .rrr n,rr
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