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<br />TRUST DEED
<br />THJSTRtfST DEED, made this 17th day of January 19 83
<br />{R). Drs James T. Butz and Debra D. Butz, Husband-and Wife and Dr. John K. Pershing
<br />a at ertne ere Ong, us an an i e ,whetheraneormors,herein-
<br />aftereaifed'?rustor"whose mailing address is 803 West Division, Grand Islands Nebraska 68801
<br />and
<br />{g~< John, A: Wi31f
<br />address is es tr ox ran s an eras aa~$TrListee"whosemaiand
<br />{C). the Firct_IyatlQRdl }3clllk _Ctf (;r~nri jSl~nrl 80z
<br />as "Beneficiary" whose mailing address fs
<br />202_t~est Third, P. 0. Box 1768, Grand Island, Nebraska 68802
<br />VVfTNESSETH: That Trustor, in consideration of One Dollar {$1.OOj and other valuable consideration receipt
<br />whereof is hereby acknowledged, grants, conveys, sells and warrants to Trustee, intrust, with powerof sate, the
<br />fallowing described property, situated in Ha.l l County, Nebraska:
<br />LOT THREE (3) IN MEDICAL PARK SUBDIVISION, IN THE
<br />CITY Of GRAND ISLAND, HALL COU"JTY, t!EBRASKA
<br />The intention being to convey hereby in absolute title in fee simple, including all the rights of homestead and
<br />dower, together with ail buildings, fixtures, improvements and appurtenances thereunto belonging; and all of the
<br />foregoing, together with said property era herein referred to as the "Property."
<br />FOR THE PURPOSE OF SECURING performance of each agreement and covenant of Trustor herein contained
<br />and the payment of the principai sum of hi rty-Three 7hnusand Dollars {$ 33.000 - QO ),
<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 Dead; both principai 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 principai and interest if not sooner
<br />paid, shall tx+t due and payable on the 1st day of January 19 $5
<br />Trustor and Beneficiary covenant and agree as follows:
<br />i, yYMrtaTd Titles Y+uatM H lawfully aalzed of tM Property; x nab 900tl+rpnt u1d
<br />tsv,iW euthorlh W sex arw cMrvaY its ProPertY, lM Propaly is irw aml abu of •n
<br />ifefy ua Meum@ranpi aaWp! MM new Of rstgd; eM T(u4tM wIN warrant area
<br />a.tita IM tilts W tM Property unto 1M Truatn and its euapaawrs arw asogna
<br />foraaar, apatnst tM cliifna W Nl parsers. Trueror, at its eapanae, wall maintain orb
<br />OYiiarYe IMilee of nth Trust OaW ea a 1wn upon IM Trust Poopsrly auleacl Onry le
<br />e!!taxa0runas aalgirq ea QF its WN bests, wax uvaa Inn Tauft Ond, ind saN
<br />itlMftdlhipi p fupWaalint lhsni0. tc M tiatl arw rxordsd n a ,trartpape of Itra
<br />Tryai Pr@pir1Y W such mMiw arw in aurvr ptaq arq+axt take such atMe aGOn as
<br />In tlN aptdpri d Tyyatsa rtriy M raqukstl DY My Wants M future law in order to
<br />PNNd.,caWi1N11 and tagla@l its tits d Ihia TMt Dana, is ski aatrw may ire trQm
<br />r1M r 4byw amaardad of taap(ttarnta6
<br />2 -fTwiitd 9ti>a~tlttlatt.ia®inat Trwtay an.h puaeewhy Wy eM pineipa! M.
<br />arW tatVael oil, Mq.p@mawry +tota urtluan9 arw advareaa Ittareto as provwed
<br />11PM@:da TIM WHat alld it tfM pNw and ip Ute rtWrw Wabitlstl thMan and wiN
<br />PMgYYtiRj patlam M apnanMMa, tAtWitiana and piaaatanaad MY ptttN aacMity
<br />iMttaplMnlTtPaatr W epnrreWlcvl adtAtnrhaniaetWn.
<br />3.- -wuknMrtattllJWllrgtri d tNipiebb. Trwt@e ri:i red Gammit MY wasp
<br />ltp9p sir,Pmoar0l. aed ,YN4 el ad iDrtn, mamiin tM seas in goad order and
<br />;BndWCa ant rW mates. ham lima to tirr,q at! +eWki raMWab. reptacwrtgntf,
<br />i-and,tgr@laipiptw wipph a'I +1iFBntMy +eaueW W p*y@nl waat@.
<br />~Ttr AaFilWtiWp69t Iaitl poipmh. Wp biNddalq ,X mMrWMIM1 rtaw M
<br />MllaitW~.leaga6~vpWS aM,P+aaanr -stgq a a+t.na. +anlav.d a damaiah+a
<br />%tlpQflT~i/IiOy}ar~ialdnsatlld HinaflCiiay,
<br />~. QIRl~lii-ts steel m l+>Ara®@ t0. M Wettpctaln al, the @mas+toi.
<br />~ptpala6elilotopartyt~ DOrgi+Ntitq pwtaltM T+aak P+'opaty, w+NtMt
<br />uaior, at +fa sale Gant ant
<br />>Xpa'~i..Ynp Pr4tr~l~! MW1+a. 4aQaM. ?ap4aca itld fPpt@W LR@ slats Y nearly M
<br />~iaatlMlitkttN@OhtRtlBR~lga~aallyp!€BFi@altChh difld~i W dfatWttbn of wHn
<br />xrwh Chew a+w aatriltena as T+usbor +^aY daa+n wpppnats paaidM aucn
<br />chrgsa ;red a/tsru;ana-de nW nWlnady rsaa4n the yaiaa-lord ufixiy al aagtx
<br />4r>Idtnpe, Wtpy9aaraanla 1@d i?aYaafanYY from that atuctkW tmnydiaMO' pits W
<br />Wr ywYM p daatrusgp,. TnaUOt Rirati ter, MNiilad b nhmdrM;MnMI isohr Ilre
<br />Trwr.1G baasMt d ihl ed>taMenatgr@aaada tseatwdAY Tarelaa.lbdSnlY !@
<br />tAaytarrt a era ethdpaumebaatded wrd.r lifq peeawat.
<br />iL- rfit~a!/ii YuaYn p T,roa;pt M • cLipatatWir. et sl+ti der an tnttpa +;wxwr t0
<br />praaana tg@awala aWlarura, nClgn:arw pYi'rlViyia render ins xrws M N+a alasot
<br />hswcarpggptlaq,
<br />to lairabatatia ieyeaP,, U der sxprya: .tax .:'e~.+-lour wry ;as ~>u s ;pp+evap gi
<br />tltaibhawwy, a ~ aaeseal W eve +r*p+swam*•;ia and treraon4P p+lt+eah.
<br />:wdkunq tea awpr/y 4Q+>"'M leas Yw lp, .-p+l+:wnp, a~r.;spa sew apaa+ pep1
<br />a.erla M ata.rartF 4.aMlad~~'ae+aD+ «ulor~.a~a-earw,~ as aeeratxnl aaxa p at
<br />""' _ °...~"¢.aril~.: w' _ _ ... _. s.R:~ ohs wnwaacrr
<br />apr`+'at v,rSh rRNts basset and wc+an.-a.e ~abh#adsy mwren
<br />pb aa4RkTf.J, aeGt~Y :'~OWUp a .Mar ~,.,~V~-„ay i~isVaa IM =`
<br />w+a.cla.. o wdl cam.: pm ~:~n.. w +.~.w:ea ba ~a+wi:nrAey +nay
<br />~' '+r'ra to laws rMataM Yat s^+ M.Np.era- 4£ w^NaN>rC.@ 61 Ryk aA}NW k+f AkR
<br />rea0@cIM pafiNt. Au ihwranp patiGrn nWnlanMd pursuant to mia Trust Deptl
<br />snap name TrusiN ant Berretrclary as inwreW. 1a iMU raapacnw intagl8 may
<br />aDDea+. a+a! wWrOe inat tFro1e ahlii M fro aenceil>ti@n O+ mo@I1iCelion wi1MU1
<br />htlaen tlaYa pta+wnpM rw111rceh@n ro Trualn W 6aMficlary. In the awnl any
<br />policy harau+rdc b nW renewed Mf M Wl@re fl1teM tlaYa Dria l0 I}a eapiratbn
<br />tlata, irualn M 9eMliGaary may procure eucn inawanW antl tM cast ihereol atoll
<br />be itltlad to IM Wan secured fry tins Trues Deid antl anal! beer interest at its
<br />q+tetM d IM Wtereai raft apaahlW iherarl Or tM Mtpr@at Intersat tale eutllorlaetl
<br />W IM taws of tM Slate W NWtaakl. 7euatw shah rlaivee w BeMhGNry tM MfQanal
<br />pohclea d inwrance and rerrowab iMrapf M memo Copps of ouch pWWfas area
<br />+@nawala IMrwl. PailuYe to tumian inwnnca @y TntaiM. M rMewab as r;aaleee
<br />rro+arnder shah, at CM aPtrar ai tlanfiaaVy, cOnahtute • default. Aii unaa+ned
<br />Maniuma ere MracY >sstflnetl to Trualn is aWtitiOMl seaurfry and a sale Mtl
<br />GanvaYanGe or tM Poapaty aY rM Truatea ants operate eo conrey b its pwcMSa
<br />its 7rualoYa inean7l.^, and t0 aG pot W lea of mauqutee upon tnb Trust Draparty.
<br />£. Teats Mrd Atassa111MIt-. Ttuftp aMii peY ail taxes arW epeeist paaiaanNrl[a
<br />isyiBtl M •SaeaDM apemsi M tlue upon m@ Property W IM dennQUMCY. ant win
<br />tlelil~er to Senelp.4ery COptei al retaiPta ahOwUp paYnrenl of suan toes eM
<br />5pactai aaaaaamerilS. 118eMlrclary aMli 5o reeueal. TauatM atgreta tMi intro aMil
<br />t>e atltled to eaaR pMiatlic D>Yment roquira/ t0 M made.ttaaundar an amount
<br />eaten4tetl aY Trustee to W auNtcient to enable TluatM to pay, At IaaSt 7Q tlaya
<br />aehNe damdu;!rcy, atl tax;s, assess+ne:us Ut Oina pubi!C Ghalgea ayatnet its
<br />TfU>t PraRN1Y. its Nola atauretl py !refs Truer! Deed, M uDOn >cCaum 4f its WIN M
<br />'he !ren a! thta Trust Deal lpp.tna with p;miuma for inaura+rce required t0 tM
<br />exorbetl Under Inca Feubt D@ea ar;d no :nteroal anah M peYaab to Truatp in
<br />rcapGt IftNaW, t1Pan Us+rta~ by Trustaa Theta ates0 dMlvar t0 Tntatee such
<br />aOdltronaF spina U money as ar@?eaesaary W make YD any WlrciencY m its
<br />emouMS+r@Catamy fa enaab Truat;e t0 pap My o1 tM lMegOierg llama.
<br />@. A4tltbmt LIMA. 7ruator anah make at: payments of interest and pincfpat end
<br />PSYwsMa at flnx Uftrw cl!++Hn. faa, antl tcpMUa aonlranled t@ W paid W MY
<br />ex+ehrtp ibn MWaa M pits UaMttciarga undo My ptiM Trust Deep. Martpapi a
<br />otiw aapwuY apaMwnL uetors tM WSe chap ar@ denngwnt Ixld Ia MY MY a1Mr
<br />slates whiehisaPeyMaaa tM aspwitYYrsntetl twin.
<br />9 P4-aicfi0il d Nna/WNry'a iaewrflT. 9MU1tl Thefts tan m m>a@ any paYmMi,
<br />fad to-do tetl" act aS traeatn peewxrd. M tt arty sctbn M Droa»dl@Y to crommaraeJ
<br />vriylph rnetaially atfac6s tleMf+a4tY'a ImeYent in tM Properly, inrtudfrq, out nw
<br />ilnutad b, aemanl aWrMla4 maMYMpy, arry„panwaH W proeaWeatla prvoMSn@ a
<br />OanaruDt M dsGNMt, tMn tla41W wy M Trustee iWt w+tRWl atHrpation fa 4010.
<br />and rwthayt nMtaa W M Wmsnd upon iruatM, -nd wltMut estiaamp TNNM ham
<br />slry aNApattpn naMeWix, nvy inaiq a W tM same a+yd may t»y. purr,Sgae,
<br />C?rdGaat se ~O+um+ss 3rty+'werM 4ranaif, ;ywr4y w nrn. arr+rtn en IM SudclMwni err
<br />atrw aDiiita iP ;fleet acrd wnprRty; ;n a,aa:ainp eM suen pawn the
<br />SIaMNeury M Tngtn may mpW arty IiahaitT area aypNrd wnalMi amanhtl.
<br />_xrxduq rY„Gf+a@raeeNa ai ttasONp4 aila+MY'; leas, wnscn in titMr ;nN'u!a
<br />BrepR3ysn, +xay cr, naGM>Yy iyi Ira srM4 fM9 £tUai4Y SrVx! tea Aa er one
<br />.aaAtar;oa of is Wy N ea, area a{,w:»i aauuaaxr+41! cK se, acitu any ps)~mnax va
<br />aa~loq o. iM+eV tfge lK3;sha'e tit ,'NM{iC4Mr1a, itw t}aneiMiah M4y itttt`UFa loch
<br />`n4arsasGp ana'nens raeFn Daymar*{a !tu 3utt;! encu.+ao ru @<l»rW%f ha Nenb'a'tarr
<br />.s ln,,,ssa M ~ ;oreistra whA itw kvs}etbuaraq oa ;rvy ir,;yi tlwad ate ea•. ,m; Mry!
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