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<br />TRUST DEED 85_ 04314
<br />THISTRUST DEED, made this 3rd day of September '19 85 1
<br />be and between:
<br />(A) Varga- Coffey Enterprises
<br />, whether one or more, herein-
<br />after called "Trustor" whose mailing address is 201 Oak Crppk nri vo, T.i nrnl R, NE 6890]
<br />and
<br />(8) Norwest Bank Grand Island. National 4ssociatin_n_ _
<br />as "Trusteo," whose mailing
<br />addreaaia 202 West Third Street P.O. Box 1768 Grand Island. Ngbraska 68802 and
<br />(C) Norwest Bank Grand Island, National Association
<br />as "Beneficiary" whose mailing address is
<br />202 West Third Street, P.O. Box 1768, Grand Island, Nphraf;ka 69RO2
<br />WITNESSETH: That Trustor, in consideration of One Dollar ($1.00) and other valuable consideration receipt
<br />whereof is hereby acknowledged, grants, conveys, sells and warrants to Trustee, in trust, with power of sale, the
<br />following described property, situated In Hall County County, Nebraska:
<br />LOTS NINE (9),, AND TEN (10), IN BLOCK ELEVEN (11), H. G. CLARK'S
<br />ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The Intention being to convey hereby in absolute title In fee simple, including all the rights of homestead and
<br />dower, together with all buildings, fixtures, Improvements and appurtenances thereunto belonging; and all of the
<br />foregoing, together with said property are herein referred to as the "Property."
<br />FOR THE PURPOSE OF SECURING performance of each agreement and covenant of Trustor herein contained
<br />and the payment of the principal sum of ONE HUNDRED TWENTY THOU rs ($ 120.000.00 f,
<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 151; .day of.--A at _ 19 95 ,
<br />and all renewals and extensions thereof.
<br />Trustor and Beneficiary covenant and agree as follows;
<br />I we al nets. T/Wlor is i"tulfY s nle00t the PiocerlY of hoe good right and
<br />lor/W sufnanty t0 Mil a" Cam" Me Properly, Ihe Properly Is IF" and CINI Of all
<br />uAne An0 MCUmbrpltM ONCpt TOM$ now of WWII, and Trusf0t *,it warrant and
<br />dowv try in" to Its "openly unto fen 7ruale , ono lit successor& and assigns
<br />tOma W- 99OW4$ Nla ctNme of all PMWns Truslor, at Its expense, will maintain and
<br />Pmw" "1*" Of "ft That Dace *$ a lyre upon ten Trust property subject only to
<br />WKVM Hnt" *"" N Of ten dafe flofea, will cause This Trust Dead, and each
<br />WF4f4RW4 OF su#OwelaM t0101410. to Do III" and Waffled as a mortgage of The
<br />TNM Pl"o W In each ~Fro and In such piece, all" will time such Other action as
<br />m ten oprmon Of tl"faa MAY Of rfleuned by any plasatll of future law in order to
<br />perfect, memtam a" protect ten hen of this trust Deed as the game may De from
<br />1"41 N lido oreslfas0 or ouplomsnted
<br />I POPM04f Ptk~ eM lwtslool. Truslor ena t punctually pay ten principal at
<br />WW tnf~ 0w, !4110 pow"swy We nKhldlRg any Advances fhe/eto as pray!""
<br />Ito/ew, M Tlla dW40 had N that Nece had M 1M m &nnar plorrded therein and wui
<br />owlNwNp "room ask av"wtelwo, C"Iftels and provisions of any other "Cutely
<br />WOWWWarw~ Fill Connection wflh this ironsaclron
<br />a MMw*aWft old AtawAsno ae N ha/Nry. Troslol .111 not commit any wute
<br />WW ten Pt"M►y and WHO. N NI 1"". mofnfain TM same in good older and
<br />CON&~ NM wm W400, from 11tH to lime, all lopeas, lon"bls, leplaC4411e1113.
<br />a"tlrlfens MO WWOvOW10 which Are r*$suhebly recollect to prevent waste.
<br />o-mpelrmMl. a lfeferfolNton Of cep prOWFn No building of unproverhenl now o,
<br />AWOD"o/ MKIaO Iflell ten Pf*Wfy a%erl ter erlarod,. (*moved or dem011ahod
<br />,Nlff0u1111a pto/ tYr1tIM cMlMlif Of Berwllcear y
<br />4 D&UW M PISMN, In Cask of arty damage lo, Of 11014Ih,000" Of, ten buildings.
<br />1wIpF9aawlanl /a 11MOdMt M"p/1Y tOnafllulin# pall oT ten tmal progeny, whe1Mr
<br />SuMI it" fa 40raed by 1ASWSICS Or 01"01* 441. TIUSIOr. el ITS safe Coal And
<br />0*0~, WM p+oelptly r"tme, Wall. 1*place and tabWid Ina same as nearly as
<br />er*$0KN411e f0 Ife 401fdilf" 011 141sky P110F to Such dam&& m destruction a with
<br />Stith cMng" and stWOthMa A. flu Ulan may deem appfoptiole provided such
<br />etfengas I.A. erIMSUana do out materially lessen the value Ard utility M such
<br />IhNldfn#f, imwoyMNnl# slid Wrsonslify Irons that oAleling I n Awhalely prior to
<br />Such "aUyg1 m gaaUUCllon. frusta Serif W entitled In reimbursement from the
<br />truslN Ip IM orteni at ten real insulanco pfoceode warred Dv trustee, but only to
<br />1M Oatent of IM actual SumeapendM ufdof this Wnvis,On
<br />., 6M/MafO TIWIM, It IluN(N Is a CMbolabnn If vFm ou all Ih.nus nncnssaly 10
<br />p10"I've r16 COrPdlale Mullane Ilghtg ¬ amoiligos U nd*, w. JAWS nI FMIr alAle of
<br />'Is "' OlporAl,on
<br />A IfyNwawse, fru tor, At Its 9vbNn9e. "'If mall"` wlln In........ apt "o"II I +y
<br />MOeflr,r4,y ns.Wca wllh r.Sp.,f I" Ihe -0— ftmmrl9 T10 pnrqulwl I pnrt,
<br />"Moofduhng IM propolly ager,l,t lass by hart ughlnlng Inlr.4rI , And Who, pprol,
<br />,.,}valnA by 9fandard evfeMled lul.rag* NhdUr Nentenl, 11, 9b Amot"ll Ntll Al fn M
<br />1409, •.I.e hw1dle,l PM(.dnl (d the bull Ippi*7.Nlnanl rlun "r-1 .III 41,11 In.U..FF,—
<br />so.,r191 oft., hNt4rns nnu,I, RUl.l, ar—.ol sS,R (,,j 1 .[v I t by „"rehire
<br />Ar•r} "lM,atGle ,rf sllhllul hn,l,n,l,eA d N9 hprrbhrlAlY r• , I,i,l I,11n tin, Ira
<br />IN'vlNChfm 11U91 „r Wr1, I •,ell•`, Nilh ,u,h 0h., rnnulln1l.N•.I', rib haflnril.IAly nt0,
<br />fr4tno tuna fU ben. —i-Iff fur it'. p,nlvth(,n by "IN .,ranla .,1 ft,. I1,1A11191 „f It,,
<br />1e90►chre PA,ria► All r,,Su1Sn * pOI Cys man; *.nod purouaof to 1h,$ Trust Dead
<br />,hall name TIU61M and ®AnanClary as tnsufeda as then resPe,tive rntereslS mar,
<br />4000411. and pray,” that there shall be no cancellation or modification without
<br />rAleen days Prinl w1114n n011bCdfon to Trustee and Bonenr + &ry In IM event any
<br />policy Meleupder ,a ,rot lehewed on of petiole fifteen OdYS pTjW to its erPOslion
<br />dale. Trustee Of NaM11CO/y may WOCute such mWtance and ten Coal Thereof shalt
<br />nor added to IM loan secured by In$* Trued DOW 0M *Mall beer rnlar *$t al IM
<br />grNler Of the Intarsot tote specify" Iherern dr 1M higryel ,nlefeal rate sutfypilseo
<br />by ten few* of ten SUN of Nebraska Trustor SMp gains, to sanen,4ry IM original
<br />Poile1" of Insurance end nenawaiS thereof of Memo copes* of such poliCye and
<br />IA 40111 thereof F6nufe 10 furnish Insurance by Trustor, or Followers as rsduirl0
<br />hereunder *half, N the option of BehefiClary, cornoolula a CetWlt All unaafhed
<br />ptivolulns are hereby *$bghed io TtWlde 410 addlflonsl Security old a soy and
<br />c0nvoy.nce Of ten PMWtY by the Trust" sera OWSIO 10 con ", To Ins parcnasel
<br />IM Trustore Interest in 6M to all policies of insurance upon the Trust property
<br />7 Tom afN AoseNIM11h. Trustor shall pay sit taxes and Spada, A*M*el AMis
<br />lowed a OMSood agerhet a, du* upon the ollollerly Defoe detingulnCy, and wolf
<br />deliver TO SohellCyry copies of tecwpte showing ps,medl of such less, and
<br />apaClANS *$ssments If B"tticiary shall sO fegue*t. Twpor aDlMS mN than snare
<br />be added to 640 PtrFOdlC payment rOqu.,Od to be ma" hereunder an smo ,II
<br />estimated by Truster In be arrtl,ctent to enable lfusto, to pay of Fa4Af b cat*
<br />before dsllnduency. all 1 &, * *. as M69meml Or OIM, Plinio, ch.,Qob ag &.nsl the
<br />Trust Properly, ten Noto &#Cul&O by'hls Tlu l Ooed. n +noon acePUnt ni Ihe debt +,,
<br />IM Iron of Ih1S Trust Dsetl. together with p,amlums To, msu,ance ,.4.roo I. be
<br />Provided under This Trust Nod and no interest shall he payable to Trustor P
<br />11,50#0 IMfsOf Upon demand by Tfu*IM. Tnpelo, shall olive, to T,.jj" sucn
<br />.ddolldnsl sums Of molly at Are necessary to ma.e u0 any Orin, -pricy 'f• IM
<br />0mrlunlA noco6Nly 10 enable T ruA1NN In p.Y Any nl IM IOregnIng ,Mme
<br />e A$d N"U M. TfuelOr snap tusks all payment* of Interest and principal a,W
<br />PAythents of any other char#*$, fees, and srpons*6 cnntracted to 041 paid to enF
<br />NAilling 1100 "foots Or Perm WAVICtOFle, under any prior Trust Dead. Morlpage of
<br />otMf securltY agfNmant. helere 1M date They ate deltn,lwnl and to pay any ooh. ,
<br />Claim which popetOlNS IM ssC W tly granlod herein
<br />g PrNMNM Of BanMMNry'e $~fly. Shoud Tlu*mf IMI to r"k" Any paynronl.
<br />161110 00 Any act at Astern provided, or 11 Any action of p,ocae(IIng Is commaneod
<br />which FASIVIAIII, 411OCIS BAMhclaoy's Interest In IM PnolHnty, Incwtldyg. but not
<br />Ilmded to, emlMMt domain. Insolvency. Mrangemenl& OF proceedings insnlwng a
<br />hkom M Wli
<br />lupt 0r decadent. IO Beneficiary of Tfutim bill houl Obligation 10,10 90,
<br />at a wdhroul ndpce to Of demand upon TFustor and wnhOUI fioloasing 1,ustw Iron,
<br />Any obllgallan hereunder, may make Of do IM Mme. And may pay PWChaso
<br />1.0O4e01 a, compromise any *ACUmbraoto cner00 or Ilan, which rn Ihe ludgonlonl of
<br />lei Mr 000041* 10 affect 9.111 Property, In Tv (,t6111g Nor such povell, Ina
<br />lien911cialy of Trust" may incur any llabillly and n,pond whAlnvet Auiu Ff,
<br />Including dlsbutaements M ionsmnahle Allomey's lips, Whi.:M ,n Ihpn dh,:,lllla
<br />dl9cnatlon. may eM nocns9al, to III, 9ynn1 that Iruslul ehA ' fs, 1, -1.1.
<br />In,ulgnce "I h. pay A.D. anti Spot, A, A9aP *9ftIa111A I,, III m4ya a Iy i'Al n Ile
<br />'u nr print Ilea n01t19rR IU benah,'la-,_ Ihe tlenebl'n" ntar 1' 1 o", ti „I h ,
<br />ulen�a and m.kN —11 V.111.11ts All sI1n19 I'll u,I ad ,, p,pande1l by Ppnahl: A'.
<br />flush , I„ Al n Wllh Ihe 11r<tu1R 1.. "N •.1 thln + I:4I Ilaa,I 9,n Ra.: ",n.I hnlnny
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