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<br />TRUST DEED
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<br />83
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<br />
<br />THI$TFlUST DEED, made this
<br />be and between:.
<br />(A) Rn,,,..Fl.!;chrp.i:n,,tl1nd
<br />
<br />Vi"ki" .r. Schr..in..r
<br />
<br />and
<br />
<br />after called "frustoI"whose mailing address is
<br />
<br />83-002587
<br />
<br />aay of
<br />
<br />May
<br />
<br />,19
<br />
<br />, whether one or more, herein'
<br />
<br />(9) JGGa A lJo 1f
<br />
<br />as "Trustee" whOse mailing
<br />and
<br />
<br />ad<lressls P.O. Box 428, Grand Island. NE 68802
<br />
<br />(e)
<br />'I'h.. Fi:,....t- NAdon..l, Rank of r.rAnil T..l..nil as "Beneficiary" whose mailing address Is
<br />202 West Third Str""t. PO Box 1768. Grand Island. NE 68802
<br />
<br />WITNESSETH: That Trustor, in consideration of One Dollar (S1.00) and other valuable consideration receipt
<br />whereofls hereby acknowledged, grants, conveys, sells and warrants to Trustee, in trust;wlth power of sale, the
<br />following described property, situated In H.. 11 County, Nebraska:
<br />
<br />Lot 20, West roads Estates, 4th Subdivision
<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 performance of each agreement and covenant of Trustor herein contained
<br />and the payment of the principal sum of FOR'I'Y-FIVF. THOITSANTl [, N(J)ollars (S 45,000 00 l.
<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 sala 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 p..rAIlAnt to ~~the terms and conditions ~~ the note .
<br />
<br />Trustor and Beneficiary covenant and agree as follows:
<br />
<br />1, w.mmty of fa ffU$lOl '- ~""liJlJ)" ~..ea Of HMlI PtO~1y, il ~. gOOl.1 'lyht ~
<br />'-wtui autflOfUy to stij _Ad OOf)wy tht PI~iy, 1!'Ie PU}i$ly 1$ IfM..nO clMl of all
<br />
<br />~~;.~~~::r-rrt~~S=Wr~~=:~ ~':: ~~;:;'i: :::~
<br />f~~~l ttwcitiml$.ot aU ~'004. Tt\i~tOf. .1 it..~~. wilt ~t.~.aflod
<br />~ v.. I*' ~f'~ lNAl Dftd.. ~ It'"' upon, 11"11 T'\.I.-.t -PfOO4ftly ~t onIV to
<br />encwntw'ancu exttllDA .. of tn. data hefe<J. ~ll C:~, It\la Trust DMd. &nd ..~h
<br />.~t Of 'l,ipPlettMnt tht,tet~ to ba filed 104 r~ U . mart~ 01 th41
<br />Trua~ ~ in.wc;h m&IlM!' .Ad in .u-eh &>>.Ice, and w,1i \tIk. such ot,* .etion. as
<br />In tAt: ~_ of T~~_ may tit tltquued t;ly an) p.ennt or 'uM.- t,a. In ~ to
<br />~ ~.pd ~t: t-h8Uen 01 tNs'TtU$:t Oeea~...s.lhiJ same tnlj 0. born
<br />tlMitto-tlfM.~ Ot'~nl<<t
<br />2. -~,~~ud.~ TfuslOf ~l,~(.la:l,typa~ the pt1f'ICipalot,
<br />and,~_~~,PlOm~~iflc~OO,~ ~ therttQ as ptO'l~
<br />~!\,~_."_,,~ ~ at_'" ~ 1M. ~ u._ ~n",," ptow~_thefetll and 1Ifti1
<br />~.t~;~aH:~_ts...~bons_~,pro'i~Aor.nyOftw -NCwity_
<br />1f\a~.t~_,\n~_.Htttl'tla:tftM4ClliOO.
<br />
<br />
<br />f$$pecUlie !h\ft~5, -All IlllhJriln~ jrolieie. maintall)eQ p;.;!$v&nt to thIS Trust DeOO
<br />sh41Il1'1",n:'<<1 'jf\,l$t-.. and BenefiC"')' as iTlWf90li, as theil rttspectlvtl intotHHSls mal'
<br />~'f. ,ntl pu:wifJe that trnNe sMIl be 1\0 C~(\C8-li.tfQf1 -Ot lnoQlUcatw.n wilhout
<br />/!Ueef\ d;I,a PilOt wtiUItn nolihclltlon to tU.I$t.. <lIlQ Benet>tlary. In the ellt.ltll an)'
<br />PO<<CI' M'~~' tl5 ~t ten.-w..:! on Of before fiUeen day_ pnot 10 IllS ..pir.ii01l
<br />date, Trust.. Qf Beneficiary mil)' plQC.U-1G $I,/Cn lnll.ltance anu the cost th&rOOI thail
<br />be ~ to tM k)an $8(;ured by thi. Tf'u-st ~ ano shl,ll bear interest at Ihe
<br />grote, 01 t~ IntetHt rat. JPtdUed therein 0I1n.e hJghfl-t interest 'ate .uthorizeO:
<br />b)' tt\e lawl;.of me Slate of Nebtuka.- Tr\i$lOf .nail deli-ver 10 8enelK;iaf)' lhe Ofig.inal
<br />DOlle.... of I!\&urance ~ f.oewab. m.eof Of memo ccpi.EJS of -wc-h policl1!-e and
<br />rena.~ thefeot, F.t1urelo f.umt$tllnSUlanl;O by Ttl.l&tor, or 1a-n.eWal.l as requited
<br />'*".un4et t.ha,l.l. at the oplion ot BeMfk:iary. Wf\$fitute a ae.fa\llt All uneatNKi
<br />premiums- 4nt hereby ..w~ _10 TrUJIN as MdiUONI 'U!cvrit:t an<;! a H!-e <lItd
<br />cOf!>tO)'ance Of tht'ProptRly b, lhe. TrU5tIM shall oe>ef.ue to convey lO t~ Qt.lr~t\aaef
<br />tN Tnt$IQt'$ Interest In and to all poiic." ot insurance upon the Truet PropertY.
<br />
<br />1. Tun.ncs ~lt-. Trlfstor :!halt pay aH 111)<8$ a;~ speCIal iisseSVtlent$
<br />te..-iW or .a"!Iud agaInst or due UPOtJlhe Property bel()tf:l dti-hnque:ncy, an,j ..ill
<br />deU..-er to 8efle;jt'iary eop1ti of fllK:eipl& shOWing payment 01 lIiJCh talle!i aod
<br />$~!ai auesaments. It Benefl(:~ilry ahaJl $(I reQue~t. Trus!or Olgr$tl:$ th..'lt there lltlllil
<br />be ~ 10 e.aeh pttiQljic pJyme-n\ requited 10 t);e made ""'r~ndt}t ~t'l t\mount
<br />(tlltlrnat8d- by TrUllt" to !;Ie sulfl(:;le-nt 10 e-nable TfulIl;x !o ;:'-AY. at !e$~l 30 ciano
<br />betQf~ 11&linquOfll:'), &11 t.)(~I!i-. afi$iClSSf11001t> Or oH14); p~b!!c charge_$ aQil-H!s.t the
<br />Tfufll Propef~Y. the Note 9CK;1.l~ b~ ~tl~$lrusj Otted, vt >JPQn ueeovolcl ihe. dGpt (}!
<br />lNt llttn Qt th~ Trust 'Dead, tog~nler with premivms tOf lr\Stlra,!l-C~ fl/l'q'-!Hf1IO to b~
<br />ptovid~ UIldef thi$: Trust OMd.and /'IO-,i~'lf!(~$' shaH be payable to Tnu.t91 In
<br />re$peel thofoot Upon dom.nd by Trustee, TrvstOf "t;..IJ dali'ltH 1\'1 '!'n.l$l$a $l.ich
<br />Ildditlon.$.l \SlJtrnJ of rno"~V its .Ill! l'ItK:elisary tQ m...e- up .any ~hGhj!;1q' in lhll
<br />amount, I'ltIC~Hi5af)l to ,,-nab~ Tn.lstee It! pay &0)-- I)f!~ IOHtQQ1f'l-Q ll0m~
<br />
<br />8. ~ u.n... Tt~st91 $hail m~ .It pa:r~'-" 01 !Ilte'!lst aha pnrn;.lpaJ 31h"l
<br />payments of __ny Qthtf ~harg... fe.M, ~ ..pe~~ -C'oolrMiloMl I", 00 pI-ill to any
<br />ilxbUnQ '*' hOldofl$ or priQ( btnIItl\;tafJu under any ~iQ( Trull Oeeu. M(!-t1g~ or
<br />othef_ Mt:~rUy agt$effi9Flt, Defore the da.t-e they ate .J,irllnqulli\! %nG k.l Da,! 11:")' Dthef
<br />-clt:im WNt:hjlJOQ.ltdQe. the &eel.lrlty Qranted' hert!l.,-'i
<br />
<br />9.. Pfo~ Of ~..,.'" ~Uy, ShOOf(i Tru&lOI1<<illl.> l'I".;u.@ Iilt:j; P3j{Mttt,
<br />fall,W dO a~.~ as "fffoln l'>ttWidtd, or if ;"ny a(;tloo Of ~~-i~ 1:Ii ~mjt-f\;:;e1
<br />\lihitll'IDi-tef!tilj J,ft&ctt 8ffI6fk:t4r;"j. Ill:ter'$T in IN! P;~rr\', ;nclw:MQ. f;)o.,t ;n"Ji
<br />hmltlt(j to, *""lntl_>!'ll ~.in. Irw.ol'<<!'!\ty, Afral'\Qtrtrt$l-'t'$- (K p~~~'_n\f$' ,,.wQwing .
<br />bankrupt ot,d~t. lMtl '8tmtfl~~4ty tK Tru:st.. bvt wlU~w1 CQ.'fgltl-(,,'t'!. H!--ao"".
<br />8f!d wffi:'oo.t noC;iClt tQ Of dMIJnd upon nu~Wr. ~ ~tthQ",l /.,}Njtf~ rf~,-,IQ( tn..-'m
<br />"!'I~ _ ~,too ~ndtlr; ma1 .mU. ot 00, m. S-~$, an(l m.~ pAV. pur.c!!oil15"6
<br />eo!'tllt.t.ot~~:U)'~ra-l\6iIl, e-.h.e~.qfH.I'I,_ wIll;:!'! l~l thlflto<l~1f't!H-ot
<br />ti1~ -....,. to .,Net ...w PtO~4Ut.~; 11'\ lJIX'eit;tJ,ntg My !J.u~I;- pt1"wfH'", t~
<br />8eNfkt&l')l Ot TlVSl"_!My llt(\lf ._"1 !iitbffit) <<tId 1t~~~1 w"..@\,'\'!,r, .;tl'l'-'oHM-..,
<br />~I)I;~Q dabt_~If; of '1I_\1I$tm~. tt~.s tee:t!, '.m-,~tl 'i'1 t~i!'U an,-o:"l4!-
<br />~~ mat a:,. ~n,jj!)' !I'! t~ ~t tbat-r"'l$hl! Jlnal! t,aki 10 ~~;t"..('Ht$
<br />L"I~r..fif'~ t..;t r.... fJiit,.~, #nd ~J.ai ~t~ Cl< ta <1!lU<$ ~/'ly ~~ih::r-4f;,t:< k.
<br />$',d-.tmi <;n -p!~ htillWtdtn '" ixI:urllt1*fiQ~, t~ ne-n&f"i-~rf tP:ill' t"-tX'iU..- ~'.i,~-t,
<br />rt'..$:~f~ Jmd:"t-~ li.I:e,I'o ~~~ti jiJ{ "'~~ !tl'('jJn'i!.;! :<11 &:l~?~t\,ji\l.;f!'w ~'~~h(:i;iH}'
<br />(X fn.J$fl!Ht I" ~Cl')ttNtl't~ 1It~!tl: t~C<~;~;{!n~~1-1 thii\ 1r-,.,1I:f O1!M iF'" ~*;_~uf$'; '!C'l'lb~
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