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<br />THIS TR(JST DEED, made this
<br />be and between:
<br />(A)
<br />
<br />25th
<br />
<br />TRUST DEED
<br />
<br />oayof
<br />
<br />February
<br />
<br />83-.410 1 000
<br />,1983
<br />
<br />Viola M. Johnson. Singlp
<br />
<br />, whether one or more, hereln-
<br />1134 East Capital Avenue,
<br />
<br />and
<br />
<br />r
<br />
<br />after called "Trustor" whose mailing address is
<br />Grand Island, Nebraska 68801
<br />John A. Wolf
<br />
<br />(B)
<br />
<br />(C)
<br />
<br />address is P.O. Box 428. Grand Island. NE
<br />First National Bank of Grand Island, Grand
<br />
<br />as "Trustee" whose mailing
<br />and
<br />
<br />68802
<br />Island. Nebraska
<br />as "Beneficiary" whose mailing address Is
<br />
<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 saie, the
<br />following described property, situated in Ha 11 County, Nebraska:
<br />
<br />See Attached Exhibit "A"
<br />
<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 />
<br />FOR THE PURPOSE OF SECURING pe'rformance of each agreement and covenant of Trustor herein contained
<br />and the payment of the principal sum of Six Thousand Five Hundnnbllars($6.500.00 I,
<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,shallbedueandpayableonthe 24th day of February ,19 84 ,
<br />
<br />Trustor and Beneficiary covenant and agree as follows:
<br />
<br />1 Wan.nty of Title. Trustor IS lawfuli, seileti of H16 Pro~rt)'. 1t r'las good fight and
<br />lawful authority to sell and convey the Property; the Propef1y '5 free and clear 01 all
<br />liens .lOd encumbrances eJlcepl liens now of rec-<lr.:!: and TrustOf will warrant an<!
<br />defend the titkl to Ihe Prooerty unto the Trustee and Its successors and assigns
<br />!Ofever, eo-inst the cl.ims of all persons. rtustor. at its 8ll;pense, wIll mamtain and
<br />pte$6tVe thit lteo of thn Trust Deed as CI ill:n upon tNt Trusi PrC>p@r1y sUOJett onl~. to
<br />encumbrances exisUnQ as of the date heff!Of, will Ciluse IhiS Trust Deed. and ....Ch
<br />amendment ()l' supplemenl thereto, 10 be Iiled all4 recmde<:l as a mortgage 01 lhe
<br />Trust Property In sl..lch manner .ind in sucn place, and w\!llake SUCh other action ~
<br />In the opinion 01 Trustee may be reqUired by any wesent Of lulure law in OJder to
<br />~t. maint.ln anel protect the Hen ollhis Trust O$ed, as I~ UITWJ may be trom
<br />tlmfllO lime amended Or supplemenlt'd
<br />
<br />2. Pa,llMftt DI PrlncJpal and 1ntefM,t, Trustor shall punctuaUy pay the pnn(;Ip.a1 01,
<br />and Int...t on, &aid DromlaSOIY note Including any advances thereto as PfO~ided
<br />hefeln On the dates and at 1M place .nd In the manner pro'itdea therein llnd will
<br />punctually perform aU agreements, conditions and p.-01ji$ions ot any other secunly
<br />ll\$.trument given in conneclton wUn lhls hansacUoo.
<br />
<br />3. ..........,kIIt and Ma1nttlnance 01 Ptoperty. TrustOl VIIlll net CQfTlm.t any waste
<br />upon the Property and will, al all tllnes, maintam the S~ in good order and
<br />condition tnd will make, f!om time to time. all repairs, renewals, r&placements,
<br />adOltl.ons and imptOVetnenlS which ,ue reaSQnably lequir~ to prevent *aste,
<br />I~alrment. Of detefior.tiOn at said prClperty. No Ot.lIktmg or Impr-O'ieme:'lt now O~
<br />herqn.r Mected l.ipon the Propen, shaH be alt$rlW, r"mo~ed 01 d&mohs.."'lfIQ
<br />without tbe pOor written consent of Beneflciary.
<br />
<br />4. Damage to~. In <::ase of any damage 10, Ql destruchon of, the buildings,
<br />l~ts or petSOI\&l property constituting P41rt of the Trust Ptopeuy, ..hetl\er
<br />sucl\ JOI5 is. tOft{8d by Insurance Of Qtt\enN:ise. Trus-tOt, al Its sOle cost and
<br />~xpenM. wilt promptly restore, ~p.it. replace and IQbuild the same as. ~rly as
<br />practlc.ble 10 Its COndItion immedlatt/:l, Pflor to svch damaQll Of tJestructK>n or 1j(jlth
<br />such change$ and Jr;ltor.l.Uans. as frusler ma)' ~l .a~prop.nale Pro~:dOO s~ct1
<br />~nges and .1'''.lioO$ do not matefi.H, ~ the v&l..e and utlht)' of such
<br />buUdlng:s, lm~ts and p$f$ONluty hom t~i ~l(jStlr.., ,"'m~ia.lely L"lOf 10
<br />tt.lch dantilge or de!!ruetlon Trustor snaIl be efl1llled 10- r~,.,t;,.HS1!ment from tMe
<br />Trust... to the utent of the. ne,t IllSu!ance proceed$ !etClIVtIG tJ.}' Trustee. hul Ql"!ty to
<br />the extam or 1M .ct....l,um e)l~ed under thl, prOVIS!OO
<br />
<br />L
<br />
<br />$, eo.por... TNl.tot. if Tl14I~ IS. COfpotatlOf"l. '1 will (!O 31i ,!>In.,.s neceSUIY to
<br />pt...rve It. C:Ofpof.'" .xi$tM!te. rivtlts .n:j ;:m~lkto&$ und$l !!')e laws of 1M Slilll} Of
<br />Itt,ln<<wporil;lion.
<br />
<br />.. ~. Trua.tQf, .1 dO e,l(~I\", 'iOnl! maltlUijn w,tt! ;~SUlN$ ilnD!('~e:1 b~
<br />hntI1_~lJ.ry\ Jfl'ur.~. wl1ft ~t tQ I~ ~mp~O"tH"lf',..t" arni- p~l's~mal ptOp.eH~.
<br />(-oMh~t.itll\Q the ~tv ag4U'\$ll~" b)' tue. lIOh~Il!fiQ. H)-I,',..,-!,;< .)n(f 011~l!!! >,,,,,;:s,
<br />~'td by $'.nd:ard; ."'t~ co...~.~ ttndoaemenl, in ~n I!q....li 10 oiIl
<br />..I O"fo ~~ IM't..,( 01 1~ 1o,jl l.pl'-CEI-;'fW"1 Y.!iIhJt' and Hllll.!-';VlHI
<br />a.;ah"t .i,K:h otbe-t h~J. ~f'i1If\- !otl>::l'l ""1~)ul'\! 4$1'" cu~I(Jf1"...-"I'I' >::-il"!ml t'i' \)"'tl~l,.
<br />11>'\6 op4t'alOl'\ of &~~l.r N~t;lt!t .'1<1 ...~ S.1~.l!Ci"~f '1'>"'" 1"Q"H~ t')i its
<br />
<br />:':~= t:r: f::~;~~Y !:;l~,~~~~\~~/~:~::~:~:'l;~f <~~:~~~:!l~~~t~/~~:,
<br />
<br />resp.:t<::llv-e parties. All Insurance poiil;;IEtS m.lliltained pUrsuaf!l lo- thIS Trust Deed
<br />shall name Trustee and Benehclary as Insureds. as their respe.:tive mterests may
<br />appe.lr. .rn.1 prOllide that there shill! De- no canCellatfon or modification WIthout
<br />!;fteen days ptiOf .ritten notification to Trustee and Beneflc!ary, In the ellent any
<br />POliCy hereunder IS not renewed on 01 belore tllleen days pilar 10 its expiration
<br />aate, Trustee or Benelicl81)' ma)' procure such Insurance aod the- cosltnef8Q1 shall
<br />tle aOOed to tM loan secured by this Trust Deed and shall bear lnt8r8st al ttle
<br />gruter 01 the intetesl rete specified lh8fem 01 the highest Interesl rate authorized
<br />oy the taws ot tM State of Nebrask&. Trustor shall <1eli'ier to Beneficiary the ori~inal
<br />politi" ot ll1sutance and 'enewals Ihereof Of memo copies of such policles and
<br />rent.....ls thereot Failure to furni$h Insurance by Tluslor, Of renewals as leQuired
<br />hefeunoer shllll, at the option 01 BeneficllIly, constilute a delault. All unearned
<br />plemiums are hereby assigned to Trustee as additional s&cuf1ty anQ a sale and
<br />cQnlf8yance 01 the PIoper1)' by the Trustee Shall operate 10 convey 10 the purcnaser
<br />th.l Trustor's interest In and to all policies 01 insurance upon lhe Trust Property.
<br />
<br />7 Tu.. and ~I.. Trustor shOll! pay aU taxes aM special assessments
<br />!evleO Of &SSe$Sed agamst or due upon the Property belOle delinqlJeflC)', and WIll
<br />deh~r 10 Beneficiary copies of receipts showing pa)'mant of such taxes and
<br />speCial assessments. If Beneticlary shall so request. Truslor agrees that thele shall
<br />be added to eaCh periodiC payment required 10 be made hereunder an amount
<br />estimated 0)' Trustee to be suffiCient to t)~Oltl Trustor to pa)-, at least 30 days
<br />belOfe dehnquenc)'. all talles, assessments or Glna.r publi.;; charges ag.mst the
<br />Tr\'!st Propert)'. tM Note secured by ~hls Trllst OoeQ, or upon account 01 tne debl or
<br />ltle hen ot thiS Tlust Deed, togett'lel' with premiums lor H'lsurance rtKIulred to be
<br />mo"ided under- this Trus1 Deed ana no Inler{!-s! snail 00 pa)'able to Trustol 1Il
<br />res~t thereot Upon demand by T.ust". Trustol shaH deliver to Truslee sucn
<br />additional sums Of mOney as are necessary- to malo.e up any delicrtlnc)' .n the
<br />...mo~ntS rnx:essaF)'lo enable Truslee to pal any of the lo'&goong items
<br />
<br />a AddIUonalllena. Trustor shall milks all payments 01 interest and pnncipal and
<br />payments of any olher charges. tees, and Qxpenses contracled to be- paid to an)'
<br />existing Hen hOldefs or prle, beneficiarias undel an)! prior Trust Deed, Mortgagl1 or
<br />othel secUflty agreement, b@IQle lhe aate they afe deHnQuenl and to pay an)' olher
<br />claim .wl'liCh jeopardizes tne security granted herein.
<br />
<br />9 PfotKUon 01 84N\eIk:lary'. SecUflty. ShOVld TrustOI fall to make any Pil'jo'mont,
<br />tall \0 -do any act ", hel~ln provIded, or if an, llct~Qn or prOC$eding IS commenced
<br />whIch malarial!)' alleels Benetlc'''rr's lnt&re8t In the- Property. includIng, but not
<br />limited to, -eminent domain, iO$OI\el'l(;)-. .fnlnQ~mtlnts or PIQCWdH,'ll" lll~Qlvmg il
<br />bankrupt 0' dec-edef!t. then 8&rl.hciary or Truslee bul without obligallOn to do $0,
<br />and v.ithout l'\Olfce to Of dElmand \,jpOfl Trustor, and WIthout n~-lea!il!l\1 Tru~lor 110m
<br />"ny obllg.'IOfl t-Qfeundet, ma~' make 01 dO lhe samtl. j)nd 11\a)' pay, pUIChoilSe,
<br />COr>hl~1 OJ com;.,rom1ut al)V Oflcumbtanc'll, ch.rg(f: o~ Hen, whlctl ,f1 tl'le judgement ot
<br />autl"lt appears to .f~t said Properly; In t'Xflr-c'SiI1Q an'f SuCh powers tntl
<br />EW".ri{;lary Of T'vsIQt f'l\d.~ lIlCut !In, II-ablllty a.ntl ~~~n<J wllale"el amOl.lnl-s.,
<br />m;:;l(;dlr;g dfsbl.lls&m<l.'!nts 01 ftM$cmable allOftl"'Y's f~$. ""'t1l1::t\ in itlt!lf <itlSl)tutlll
<br />dI5.l;:ellofl, ma., be n~(;en:Hy hl IP~ l!~$nt thilll Th.-'!I,I(H o;lliJn !;ll; to p'vcwe
<br />lflSUI;1;nt::tt~" h;) Nlylllll@S, ....0 sp*clal lJs'eS$rn~r\18 ,,'1 !l' m~l\11 an\, p,.~l!ilJnI5 \l'
<br />~!li!lH'IQ O. !H''''! \llH1 t'U,1lt~t~ ('-'I bliI'n.!ici#,flil~. lh; 1\111\1;':"'<1" ;;;udi
<br />'fl,:><)r.,~,'f!! i/tno mal\f! SwCh p.,t.,!,mMI~ A!t sums
<br />0-' 1"1.I1I1H ~<l .IH;conJan..:~ >\:tt,: lf1il ~lfll.,~i('''''s ,)1
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