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I m Q The undersigned hereby ackno'tedgq that (a) the document to be eaecuted is a Trust Deed and not a more e for in the Trust Deed provides subs Hall Nation' The ten further re rex Y different rights and obiigaHors :a the Borrower than a mortgage all and lbJ the power of sale `a f g Truse attd agrees that this certification has been read and han a executed in ga nnIn the event °i a default or breach of bed with but prior to he undersigned's IS TRUST DEED is wade this 9th TRUST DEED day of July 'ry L. & Nancy Vrzal whom mailing address is and First- Wnr-t. 3214 West 15th, Grand Island N 6eN g OlgOlg Trust 85 _ - -, by and between the Trustor, (herein Borrower.,), and the Benesciary Y '% "Stree P. T10NAL BANK 8t- TRUST COWANY OF LINCOLN, a national ban (her ein Trustee "),p a, O• Box 81008, Lincoln, Nebraska 68561 (herein "Lends"), king association, whoa retailing address is 13th a.. BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee, in trust. WITH THE POWER OF SALE, the following described property located in the County of Hall Lot 19, Island Acres #6, City of Grand Hall Island, County — Scare of Nebraska: AKA; 3214 West 15th - - - -Nebraska: Grand Island, NE 68801 income, tenements, h rediitzmmh pr' e�cuerts and improvements now or hereafter erected thereon and all lead r any part thereof, an of wi; h " cl s aPpurtettces, royalties. and mistral, oil �btunto Y. casemeata, rents, issues. profits , this Trust Deed: and all of the fa o using replacements and additions hete[o shall be deemed be and zetrnain a "", used or en e8 -9 together with said property we herein referred to as the "Pro Toyed with sstd Perry „• Fart oche property covered by together SECURE to Lends the repayment of indebtedness evidenced by Borrower's note dated JulY 9, 1985 geher with any and all renewals, modifications, and extensions thereof and substitution or exc' the Principal sum of f_ 10, 000. 00 ranges cre a, t Dan re erre3 io u [ijii, ou''t� maturity not sooner paid, of JUIV 16, 1995 - - - - - -- CDgrcl `r "1tit interest a the race provided herein, with a final by Lends to Borrower From time io came an as security or tine ryment _T__. 1 Sea :II other indebtedness of an Borrower co the Lends which may arise, all of” p and as indebtedness for any furore advances that may is made security refiner not to exceed in the aggregate a sum equal to three times the original principal amount of the above recited Note. BORROWER covenants that Borower is lawfully seized of the Property hereby conveyed and has the right to grant and convey :he- Property, that the Property it unencumbered by any mortgage, trust deed, contract to purchase, or otherwise, except for a Mort d e which the unpaid - - -- -- in favor of Firs tier MOrt�a�e - -- p balance oa his date does not exceed f 15 , 000.00 on delinquent- and provisions of any prior m ortgage, trust deed or contract to puic _ace, upon U eel o ---- - - - - -- Queue. If no name or amount is inserted is _ Borrower covenants to comply with all the then Borrows further covenants tow tbrr paragraph, Property all claims and d ` °gyprior ens of thereon uponethe they arrant and defend the title to the Pro Borrower and Lender further covenant and agree u follows: 1. Borrower shall promptly Pay when due the orincinal and interest on h.. 2. At least ten days before they become delinquent, Borrower shat] pay all taxes and special usessments levied or assessed a any Part thereof, and all firs, levies and assessment: levied upon this Trot Decd a the debt which is secures. 3-for Borrower shall keep he improvements and but7din if against L e P opera, Lender an amount not less than the unpaid gr• arnY, upon the Property insured, with a company companies to the Lender. Borrower 'hall deliver said o� bsalance on the indebtedness secured by his Trust Deed with a standard mortgage P approved by the policy Policies to the Lends, rtgage clause with loss payable 1n the event of a loo, Borrows shall give prompt notice to the insurance carrier and the Lender and file a proof of loss- If the Borrower r not otherwise in default, the Borrower may elect to apply the insurance proceeds co repair or replace :he derma eel Property. recueity en this True Deed would not be impaired. If he Borrower, m in default or elects nor to repair or re replacement would not be economically feasible or the security of g P ty. if economically feasible, and the last maturing Payments due on he Note If the insurance ty Trust Deed would be impaared then the insurance damaged pro Borrows• iratr be P are in excess of the total amount due on said Note, he enemas petyppl repair or tech re ` proceeds for repair or repLcement shall be hied m proceeds dull be applied a the Idebted� or r`Ple heent. If thr Lender uquires title to the pro escrow with he Lrndcr and disb paid to the an seared hereby. in whole or in rrY by a :et- disbursed by Lender during or upon completion of the Lends. part, then zV right, title and interest oct fine, Bo Power we' in and c �cl�e o otherwise, in awistaea on of the 4. For the ter insurance Po1sry at Policy ahsii pass to Lend". on the dates that Payments we d a fund for the ue on the Now, an payment q tires, special se assessments and insurance premiums. Borrower shall deposit with the Lends, leas amounts already deposited therefor amount equal number the rues, asrrasrrnena and itnstrrance premium Hex[ due (all u estimated b forma, purposes and irtaurance premiums will become due and payable. aid funds will Payments an Note at wi l cat a non du epri bearing escrow to en suntt Ea the ptttgoaa set forth above, If he amounts of these deposits are not sufficient w a to prior to the date when such tee, then Borrower shall upon request, Pay Lender the am necessary es, assessments and insurance premium u they become L.L. nless applicable law provides otherwise y e�rY to make up the eficiency. by ad fast m payment of amounts eta`' a!1 pa menu received b Lender under the Note and paragraphs Principal of the Note, and then to interest payable to Lender by Borrower under Paragraph 4 hereof, theft to interest I and 4 hereof shall a applied 6. Borrower Shan keep he Pro Prtacd re a any further advances or other mdebtedneaa cured hereby. Payable on the Note, then to the 7. If Bore Perry m good repair sad shall not commit waste a Permit Impairment or deterioration of the Property. any amount Borrow under a fain to: n rreahtain or pay the tmiums for the required insurance of the Property, a�mmmp of this Treat Deed then , nder may As its option t�Quent, o d) maintain the Property in g repair miasma before delinquent, or c) pas. dubursa such sums and take such cation as it deems nuuar Pay �h insurance ante' ) pmrforts sap of the covertana o erase tNbc secured bee premiums, or rout deed paymrnta. or make re sips Of BarO"t mowed by because of :T1 such failure of thin Borrower. Any amounts so disbursed by he Linda shall eo _ pain and Y this Trust Deed and shah bat Interest from the date of :..r 1..:. �. :� " :: u.� •�•� a this paragraph dull require Lends to make and such diabutsemmts a take disbursement at the race payai t under the Note. Notion contained indebted. 8. Lends may make or cause to be made reasonable entries u am action whatsoever. 9. The Proceeds of any award a claim [a upon and inspection of the Property, erry. or Pert thereof, a for cater damages, direct or consequential, in connecrioi with any condemnation or ocher retaalydnP Part the mfbrad conveyance in lieu of condemnation, are hereby assigned and shall be eaid to Lender to the extent of the full amount of the run secured by this Trust Dined. taking of the Prop. for es the Pro &a abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make an award or settle a claim die• Borrows ftdle to respond to Lender wi proceeds to he rams Secured by this Trust Deed. hm 30 days after the date such nonce is mailed• Lends is authorized to collect sired the du C *n o &d*b tech a swards scan be credited to the last maturin apply the A date uranments referred to in paragraphs I and 4 hereof or cittvnmatsllmena of the indebtedness secured and hall not extend or postpone 10. !f the Lends hwy • partial release of by Trust Deed, the proceeds received eel herefor shall bercredited to the last mate the md10- If esa secured hereby. IL If Lender either voiuncarilY a involuntarily ring installments of Died, hen Borrows win reimburse the Lender for an costs and, to the extent permitted by law, reasonable attorney fees incurred by Elie Lender relattrg u weir wit or 1 Party to any mat or legal proceeding relating to the Property Note or this Trust undo the Note, until paid. and yb sums shall constitute additional Indebtedness secured by this Trust Deed and bear interest at the rate Payable ir Wad. a ver to be fun' Trust Deed, the Note. or he terror Assign, any indebtednrasssttcured hrrrb der, in case of default in the performance of any of the trrrna soever to be derived from the Property, including land contract payments. Lender, m person, by agent or by trceivtt, wtdtnut regard to the solvency Y. all of the rents, revenues and any uicome of any type what - (Rev.f /85) 7