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<br />83- 001055
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<br />16th
<br />
<br />TRUST DEED
<br />
<br />r
<br />
<br />THIS TRUST DEED, made this
<br />be and between:
<br />(A) DANIEL J. JOHNSON & JANET E. JOHNSON,
<br />HIS AND HER OWN RIGHT
<br />
<br />after called "Trustor" whose mailing address Is
<br />
<br />day of
<br />
<br />Feb,ua,y
<br />
<br />83
<br />
<br />,19
<br />
<br />HUSBAND AND WIFE OF EACH OTHER AND EACH IN
<br />
<br />, whether one or more, herein-
<br />40]0 TAKF.~TDF. DRTVE QRAND T~TAN~ MF. 69901
<br />, , and
<br />
<br />(B) JOHN A. WOLF, ATTORNEY AT LAW,
<br />
<br />address is PO BOX 428, GRAND ISLAND, NE
<br />FIRST SAVINGS COMPANY
<br />
<br />(C)
<br />
<br />68802
<br />
<br />as "Trustee" whose mailing
<br />and
<br />
<br />PO BOX 1566, GRAliD I3LAND, NE 68802
<br />
<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 sale, the
<br />following described property, situated in HALL County, Nebraska:
<br />
<br />LOT SIX (6) IN HIDDEN LAKE SUBDIVISION NU}lBER TWO (2), BEING
<br />A PART OF THE SOUTHEAST QUARTER OF THE NORTHEAST QUARTER
<br />(SE>,;NE>,;)AND A PART OF THE NORTH HALF OF THE NORTHEAST QUARTER
<br />OF THE SOUTHEAST QUARTER (N~NE>,;SE>,;) OF SECTION THIRTEEN (13),
<br />TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) \<EST OF THE 6TH P.M.,
<br />IN HALL COUNTY, NEBRASKA
<br />
<br />The intention being to convey hereby in absolute titie 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 w.ith said property are herein referred to as the "Property,"
<br />
<br />FOR THE PURPOSE OF SECURING performance of each agreement and covenant of Trustor herein contained
<br />and the payment of the principal5!WWRttjFnIn2U5~DD~rng MJi3oy,!A{fo50 ,836 .15*** ),
<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 16th day of Febr. ,19 84 ,
<br />
<br />Trustor and Beneficiary covenant and agree as follows:
<br />
<br />1. W.rranty of TI.... Trustor is lawfully Seil/ill:! of the Property; It has good right aoo
<br />lawful authority to !Sell and con....ey Ihe Proper1V; the Property is free and clear 01 all
<br />liens and encumbrances exCept liens now 01 record; and Trustor will warrant and
<br />defend the title to the Properly unto the Trustee and lts succaS80rs and assigns
<br />forever, aglllnst the claims of all persons. Trustor, at Its expense, will maintain and
<br />pres6fVfl the Uen of this Trust Deed as a Hen upon the Trust Property subje<:1 only to
<br />encumbrances existing as of the dale hereof, will cause this Trllsl Deed, and each
<br />amendment or supplement theroto, to be flied ilnd f9Corded as a mortgage 01 the
<br />Trust Property In such manner and in such place, and will take such other .clion as
<br />In the opinion of Trustee may be requited by any plesent or future law in Ofder to
<br />perfect. maintain and protect the lien 01 this Trusl Deed, as the same may be trom
<br />tl~ to lime amended Of supplemented.
<br />
<br />2. P.'....I of PrlncIpallnd Inleqat. Trustor shall punctually pa)' lhe pn\Wipal ot,
<br />and Interest on. said promissory note Including any advances thereto as prol;ioed
<br />herein on the. dales and_a;t the place and in the manner provided theteln and Will
<br />punctUally perto~ aU agreements, conditions ilOd provisions 01 any OtM! security
<br />Instrument given In connecUOn with this transaction.
<br />
<br />3. ~Uon and Maln~ of Property. Truslor will not commit any waste
<br />upon the Pro~ty and will, at aU time&, maintain the same to good order and
<br />condition and will mne, lrom lime to time, all repairs, ren-eIN;l.IS, replacemehts.
<br />addltiQna, and Impro.....ments which arB reasona.bly required to prev8nl waste,
<br />Impairment,. or deterioration 01 aa!d property. No bulldil'lg 0( lmptovemenl now or
<br />her8af~ .,recied Upon the Property shall be altered, removed or demoiisheo
<br />without the prk.r wtltlan consent of 8eneflc~;y.
<br />
<br />l
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<br />", Da~__to~.ln case of Any da.1'lage to, or d$Struction 01, th6 bUildings,
<br />improvements or persoMI prOP4Jr1y constituting ~rt of the Trust Property, whether
<br />such 10$& Is coveOld by inaurance" or olhefWise, Truslor, Olt lts sole cost and
<br />expenaa, will promptly restore, repair, replace and rebuild the samtl as nearty as
<br />pracllcable to Its condlUon Immediately prior 10 such \iamage Of destruction or wilh
<br />such changes and alterations .s. Trustor may deem aoproplia.te provided such
<br /><:hanaaa and altel'ationa do not ma.lerially 18$San the value and utlllty of such
<br />bulldl~, Impi'OYements alld petS-on..nl)" from that e)l;!sting immedlatf:(1)< pllor to
<br />such- damage or daatructtoA. Tf\lstor shail be entitled tu reimbursement 110m tM
<br />Trl,lS\oe to the ....tent of the f\fl.t InSl.lfanc-e proceeds rec81118d by Trustee, but only to
<br />the ext~t of ltae actual :turn e.xpllnQed under this provision,
<br />
<br />5. CffporItI. Trullor-. 11 Trustor 1$ II corporation. II WIll do .ali things nect'fS$ilfV to
<br />Plll~ it$. corporata-exiatenco, righll!i. ana Pfl\lilegtl:& l,lnder the laws co! Ihe .\!Itale- 01
<br />ItlS inoorporatlotl.
<br />
<br />6. 1nMu.~. TtuSlo-t, at 11$ ."P&f'IU), wW m.amtil!ll wIll' InSiJIOl:O approvlKl by
<br />a.n.Uoia'Y. lnsl,uance with l8$fXlCt 10 Ihti !mpH.l'o'ft'rn(mhl alla personal P:.:lLlClrty.
<br />OOnslltuUng ltt. PrQprlfty agalott losa by hIe. I;Ghtnlt\'ol, iornildo, arll;! QtOUI penl~
<br />cot4tad ~v $t~d.fd lti'ttended \lavon.ge Olndoll:l",mem, '11 all .a!'l:l-Ql,Illt 6q..i.I;~ I" Jlf
<br />klu' iO~ hul'ldfed pen:9l\t .,f the filii f.plaCf:lrn~!If11 ...,h~\'I HHHolOI; '-no Itli>\.fIHI(>~
<br />aQal.lilt .ueh nth., h&l~uU.llnd rf\ tH.1Ctl <lf1lQ..."....t M I !:I {;U~!9{lUlllly' .-:attltl~1 by !IWi'lel~
<br />..net Qperatm& of .\mt'V crope-rtieil ,V-.(: <ll> tlttll"li<:.af)' n.y !tH~1.l"~ JOO i!~
<br />prQt$ctiOn, Tf\i5tOf wiB ~!1~1y "",.11; oHI~J ...Q;Ju"''Ptr!\II< ll!l 6t'\(,,,1lCt.'Y lT1i\y
<br />from tiale t;;; litl'lo 'OQIJb!lil ,(1;>1 !!\i; bv ,'\s<.!r"'I~<,;i:t ar 1~ IiH~!"'llIt I.J' \1'.
<br />
<br />reSD&ctlve parties. All insurance policies maintained pUlsuant to this Trust 06ed
<br />shall name Tlustee and Beneficiary as insureds, as their respective interests may
<br />appear, ano prO'lide thai Ihere shall be no cancellation or modllication without
<br />Iifteen days prior written notificallon 10 Trustee and Beneliclary, In tha even I any
<br />policy hereunder is not renewed on Of before lifteen days prior to its expiration
<br />date, Trustee Of Beneficiary may procure SuCh insurance and the cost thereof shall
<br />be added to the loan secured by this Trust Deed and shall bear Interest at the
<br />gftlater 01 the interest rate specified therein Qr the highesllnterest rale authorized
<br />by lhe laws 01 the St5-te of Nebraska. Truetor shaH deliver to Beneficiary the original
<br />pohcies ot lnsUlance and lenewats thereof or memo copies of such policies and
<br />renewals therea!. Failum to Iurnish insurance by TruStOf, or renewals as 18qulred
<br />hereunder shall, al the option 01 Beneficiary, constitute a default. All unearned
<br />plemiums are hereby assigned to Trustee as additional securily and a sale and
<br />conveyance of the Proper!)' b)' the Trustee shall operate 10 conyey to the purchasel
<br />!he Trustor's interest in and to aU pOlicies of insurance upon the Trust Propert)'.
<br />
<br />7. r.... and Asse.aments. Trustor shall pay ail tallas and spacial assessments
<br />leYied or assessed against or due upon the Propert}! belore delinquency, and will
<br />deliver 10 Beneficiary copies of receipts showing payment of such taxes and
<br />sp&cial assessments. II Beneliciary shall so r&Quest. Truslor agrees that Ihere shall
<br />be added to each periodic payment required to be made hereunder an amounl
<br />estimaled by Trustee to be sufficient 10 enable Trustor to pay. at least 30 days
<br />before delinquency, aU talles, assessments or olhe, public chsrl)9S against the
<br />Trust Property.lhe Nole secured by ;his Trust Deed, 01 upon account of the debt Of
<br />the Hen of this Trust Deed, together wilh premiums fOf insurance required 10 be
<br />p'o1/iQed under this Trust Deed and no interest shall be payable to Trustor In
<br />respltc! theraol. Upon deman<i by Trustee, TfUslor shall deliver 10 Truslee such
<br />additional sums ot mOlley as are necessary to make up any defiCiency in the
<br />amounts necessary to enable Trustee to pay any of the loregoing Hems
<br />
<br />8. Addltlon.ll!ans. Truslor shall make all payments of mterest and principal and
<br />payments 01 any other charges, lees, and t}l(panses contracted 10 bt't paid to any
<br />existing lien holders Of prior beneficiaries under any prior Trust Deed, Mortgage or
<br />other security agreamtlnt, belore Ihe date they are delinquent and 10 pay any other
<br />claim which J&Opafdlzea the $8Curily gran\eO h>;1llein.
<br />
<br />9. Protection of Banallci.ry'. s.curUy. S~!d Truslor lall t<) make any payment.
<br />fall to do any tlcl as herein provided, or if any action or proc"dlng is cornmllnced
<br />which matf:lrl;llly sHeets Beneficiary's Interesl In the Property, including, bul not
<br />ilmited to. eminent domain, Insolvency, arrangements or proceedings Involving a
<br />oanllilJpl 01 oecedent, tnen Beneliciary OJ Truslee but ~ltholll obligation to do so,
<br />and wHnout nohce 10 or demand uporl Trustor, and wilho\.lt H:t1easlng Tluslor '10m
<br />any obllgation htlflHH1dl!1. may make ur do thl) ume, ana lt1a)l P/l.~, purchase,
<br />conlest or coltlp!omls(t any '.lncumbranctl, Co"tar.ge 01 1ll;)1l, whiCh in the jUdgelTI6111 of
<br />6ilt>er apPllar:> I" .il.tf-l}(:t salo PIOi>>'f1y; ifl ~J:&rClfiinQ allY :ouch pOWers Ihe
<br />fumaficlAry or r'l.lsl~ Illay Hlcur 3"Y lIability ~w<;l 1'I..:pe>n.;i whah!"lJ( .iHH(H1I115.
<br />m;;lul:f'OQ dl:lt>ur~(lm(jrtl/i vr HhiSOlldbJfl aHv.:lleY'5 h,m:J, ,..-ruch H'l !hot', ilt>!ol;Jlutt.!
<br />tj,ftClUtion, may tJ<3' n(}c.)!ls,;"r..', 1(, ih;:; ovenl :h..t lrWS1,,' shill! !iiiL W vnx.:uru
<br />~f)~o~-aIlCt1 <;i' to pa) \.1>0,6-$. .Inti :>p6",j~1 ilS$W~!IIl\~l1tl> ,)I f') ,nak'tl <tfly pOl}',rll,nts. 10
<br />c" lien tt;~ltl6rl; 0' i:J"1n~jl\-ililf;e~, lhu U...neht"a'" f1l^,-,' pru-,:;u!'tl s,,('r,
<br />m;:t,~'" .~l.it" Dii;--m,,}(,(Ol Ai! i>U!l1S 1,1(:;;!'ttlO (" ~''-'Cr'':''-d b~ e"'leil";,jH)'
<br />....'th th.. ;';1,Wl~!0f''' l'~ 11)'" T'",,: [).)~d;t<.:! ';E'"u:~,l !WI''i.}~'
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