|
TRUST DEED 85-008762
<br />THIS TRUST DEED, made this 1st aay of August 1985
<br />be and between:
<br />(A) Larry A Fowle ✓; Barbara A Fowles Husband and Wife; and Sylvester J. Chody and -
<br />Joanne J. Chody, Husband and Wife , whether One or more, herein -
<br />after ca led "Trustor" whose mailing address is jell 7 wP�* Ica, n g
<br />,rand 1_lann_ NPhracka 68801 and
<br />�) Norwest Bank Grand Island National Association
<br />as "Trustee" whale mailing
<br />addressis P 0 Rnx 1"168 orand Telan(1, Nail acka 68802 and
<br />(C) a .e.. n..- _.a-. T.l 3Tci A..:...�1
<br />as "Beneficiary" whose mailing address is
<br />P. 0. Box 1768, Grand Island Nebraska 68802
<br />WiTNESSETH: That Trustor, inconsideration of One Dollar ($1.00) and other Laluable 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 />Lots One (1) and Two (2), Colonial Apartments Subdivision, in the
<br />City of Grand Islam , Hall Count ✓, 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 />forepottig, together with said property are herein referred to as the "Property."
<br />FOR THE PURPOSE OF SECURING pjerformance of each agreement and covenant of Trustor herein contained
<br />and the payment of the principal sum of woeHundred Twenty o ine &ire 229.500.00-`-* ),
<br />as evidenced by a promissory note bearing even Nafe at Ne nWe o Interest thereon which may hereafter be paid
<br />or pranced 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 AuZust '19 8'-'
<br />Trustor and Beneficiary covenant and agree as follows:
<br />t. MfertaydlrerTlW. Trustor is lawtupr seixetl o'tne Property: 't nas gootl right antl
<br />lawful authl.fy to eali and cdower the Property. the Pirheny is free and clear of all
<br />Yana aM encumbrsntes {seep, liens now of record, and Trustof will warrant antl
<br />defend the title to the Properly unto to Truame and its successor and assigns
<br />ldrerer, against to clatm8 of all parsons. Trustof, at its expense, will maintain and
<br />praeerw the Ian of this Trust Dead es a lion upon the Trust Property subject only to
<br />rencumilaranclas astoling as of the dale trarspt, will cause this Trust bleed, and each
<br />antatdmant of supplement therwo, to be filed and recorded as a mortgage of to
<br />Threat Property In Such manner and In such place, and will take such other action as
<br />in bra noinlgn all Tnerme may be required by any present Or future law In order to
<br />Par * maimaln and protect to lion of this Trust Deed, as to same may he trom
<br />Hall to time amended or supplemented.
<br />2. P fee o tshe Pill{" al and tallemot. Trustor salt punctually pay to principal of,
<br />and kftnM Om, a" promsaaory hole Including any advances theMtis she provided
<br />heMn pre Me tleres and at the placer and in the mane+ posvide l }amen Sid will
<br />punctually parfWm all agreements, conditions and provisions of any other security
<br />.0knon m ghen is connection with this transaction.
<br />3. PMNorm m Ad mohm om M Fr'aanb. Tfusto, will not commit any waste
<br />upon to Property and wilt, ttl all times, maintain the fame to good wool and
<br />et nW&o n Std raft male, lien lima to taws, all epelts, resell {placements.
<br />add"lon aid Imprommomito Which are masOrNbiy required 10 phomet waste,
<br />ingoW oK Or OOWRWalton Or acid progeny. No building or treproxwel now or
<br />tsee:hf erected upon the Properly safe be S tae0. removed or demolished
<br />wwherd M. pier syrltterl consent of Da ftc,.ry
<br />a. *duly{ she IS swill. in cad f of any damage to, n, dssnucnon of. the bulldmgs,
<br />W WD""Wf to w paragmal W OW Y constituting part of the Trust Properly. whether
<br />omm toes a co.9mg by Meugtcs, or Meamee.. T`lMd,, .t its ads, —1 and
<br />.xw"o, edit PM. W y Met", +Spa,, replace and rebuild to same ea Manly ere
<br />prslaeable to its COMIlton Immediately prior I. such damage M de r,uctlon or with
<br />a$ch cawges and aiteration. as Trust., may gad" approprete provided such
<br />cawgda ofd elwoloner do eft wunor illy le$a.n pe w- and utility at Such
<br />m1W is and personality from r l eatalbrg mmadiani, gnu, 10
<br />such damage al destruction. Tnu.tar sail 1e .ntuisd to m- burs{-- hoe Ine
<br />Ttwlw tops gfenl 0} the ai msuMrece proceeds tecerred by Tnu.ts. bul only tb
<br />to aalerl! W is aOtusi sum aspendetl eider rh1. pn,vrrardn
<br />5. coppoela T"mw. it 'fluff., is B S:(NpdMhpn, ,, rlr dry . er.es8arr h
<br />pepry M OdrpWaf. eveenp @. rlgnNb Br:-0 pr,vripgap r /nde, ifrz ipw...r, tn0 slate t,f
<br />Fla tsIdlpeetmn
<br />a taaatairae- Tlualnr, at is eepeo,o
<br />aln9hgi►ry, tneurnce wren ,eapa�! t<. ttu r.rP oft a'ts a�:l :.
<br />.SAatllulH+a' Fh9 sbitpe", ugp,na, ;U ,, t" lire: !ipM , y, -
<br />Cpverso by sr.nde,d azenfed cdve,ap@ arsPrxr s @r' "rr @,Si..a' i.
<br />lanai one Ml+d,ed twoe", or t1le r I lapel.rnnr, Ili—
<br />ageing yuon atner aaFarda err.: , r . ,sots , ,n n .
<br />.ref yow., r. of B miw wrrcyrrr r ®s ."d
<br />radr! r ,
<br />[ROFK'eldr' rn4eS, e,j,w raft, eU,. gn.
<br />N4
<br />ecr} i LfNN N irrnM tgQj ,a6i izt re _ It f1-f 4.r a n .. v .e, trlgl r
<br />respective parties. Ali Insurance policies malntamso pursuant to this Trust Deed
<br />shall name Trustee and Beneficiary as insureds, as their re9peCtive mental. —I
<br />appear, and provide that there Wall be no cancellation or modification without
<br />fifteen days prior wrltten notification to Trustee and Beneficiary_ In the exam any
<br />policy MfOUMer I$ nor renewed On of before iift.0e days pilot to its arbitration
<br />Cate, Trustee or Beneficiary may procure suet, Insurance and the Cool thereof Shall
<br />to added to ilia loan secured by this Trust Dead and shall bear interest at the -'
<br />greater of the interest rata specified maram or to highest Informal rate authoriM
<br />by the laws of the State of NebraNy. TruStw $all deliver to Beneficiary to Original
<br />policies of insurance and reneraals thereof W memo copies of such policies and
<br />ronewN$ thereof. Failure to fumah mourance by Trustof, or renewals M required
<br />tersurder sail, at to option of Se alto ary, constitute a default. MI untamed
<br />premiums are hereby assigned to Trustee as additional security and a Sae and
<br />conveyance of to Property by the Trustee saconvey hail operate to con to the purchaser
<br />the T —for's interest In and to an policies of insurance upon the Trust Property,
<br />7 Teresa all Aaanatttefpa. Trustor sail pay all taxes and special assesaments
<br />axed or aaeataed *"trial or due upon the Property LVIOW delinquency, and will
<br />oaiiver to BM
<br />eficary copies me
<br />of receipts snowing paynt 01 such Uses and
<br />specie, aaatasments. If Saneficlary sail so facuest. Truah.: that tare Sall
<br />be Wffetl to each pariprlic payment required to is made around., an amount
<br />eaitmated by Trustee to be sufficient to enable Trustor 10 pay, at east 30 day.
<br />,{fore delinquency, all taxes. Ssseasm is of other public charges against to
<br />Trust Properly. one Note Secured by'hS Trust Dead. or upon account of IM debt or
<br />to Iran of this Trust Dead, logeta, with premiums tot insurance Mqu,red to oe
<br />provded under ima Trust Deed and no interest shall on payable to Truelor r
<br />respect ta,eof Upon oami nd o, Trusts, lruetu, snare delver I. Trustee such
<br />.(Mqural sums of m nas as ale recisolul Iu maka up any det,cency to the
<br />amounts necessary loanable Trustee to pay any of the foregoing items.
<br />f ANfpeaal Liens. Trustor shall make all payments of hares, and principal he
<br />payments of any ther charges. fees. and expenses contracted to be paid to any
<br />existing lien hold{{ of pilot bealicerlas under any pilot Trust Deed, Mortgage of
<br />other acridity agre rani. distant the date they are delinquent son to pal, ally other
<br />Balm winch Nopadls.. to —.11ty Smelled arNn
<br />d. ►etasNen of N1elotwo seow"y. Should Trustof fail in make any payment.
<br />fail to tlo any act as hewn powders, err it any action or proceeding Is comnenrad
<br />which materially almOs Itoralolery'S Interest In 1h@ Property, including, out 1101
<br />limited 10. eminent domain, tn.plvency. affangement. or prnca.dm95 —.1—g a
<br />twnkrupl or mordant, tar+ genaltclaty Or Trusts but wnhuu: abilgill— to de .o.
<br />and wlthil ii notice to :1r Ormond upon Trustor, and withpul ,alli Tru.ipr from
<br />any oohgetun hmeunder may m m fret ilia sae.. and me, I., bursae
<br />Omeaf or cominomra@ any an- :;umnrarrce, "large a "o, ran, i, rte ,.,:dgen
<br />'Anne, ..pe 's to Sigel said Properly . ng s
<br />fiwneh: wry cr 'r las, me, , list, Illy B,idsaa t*k -
<br />admg oaWraxme.,r ,
<br />--w. {,nape," tuna. iii- then aos_iurn
<br />do W"', or @Cnfr5arl ir- ,tee tivnn' tea, T umo i. - lt—i
<br />
|