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<br />, ...;:, <br />,',: ...if <br /> <br />83-0Q,2690 <br /> <br />20th <br /> <br />TRUST DEED <br /> <br />,19 83 <br /> <br />day of <br /> <br />MAY <br /> <br />THISTRUST DEED, made this <br />be and between: <br />(A) JOllNIl.SU'TTON,AND FRANCES M. SUTTON, HUSBAND AND WIFE <br />AND HER OWN RIGHT <br />aftercalled"Trustor" whosemalling address Is <br /> <br />(B) JORNA WOLF <br />ATTO)1NEY AT LAW <br />address Is BOX 428. GRAND ISLAND. NE 68802 <br />(C) FIRST SAVINGS COMPANY <br /> <br />OF EACH OTHER AND EACH IN IllS <br />, whether one or more, herein- <br /> <br />BOX 43 <br />ALDA. NE 68810 <br /> <br />and <br /> <br />as "Trustee" whosemalling <br />and <br /> <br />P. O. BOX 1566, GRAND ISLAND, NE 68802 <br /> <br />as "Beneficiary" whose mailing address Is <br /> <br />WITNESSETH: That Trustor, in consideration of One Dollar ($1.00) and other valuable consideration receipt <br />whereof Is hereby acknowledged, grants, conveys, sells and warrants to Trustee, In trust, with power of sale, the <br />following described property, situated in HALL County, Nebraska: <br /> <br />LOT TWENTY-SIX (26) ARGO FOURTH SUBDIVISION, IN THE VILLAGE OF <br />ALDA, HALL COUNTY, NEBRASKA <br /> <br />The Intention being to convey hereby in absolute title in fee simple, Including all the rights of homestead and <br />dower, togetherwith all buildings, fixtures, Improvements and appurtenances thereunto belonging; and all of the <br />foregoing, together with said property are herein referred to as the "Property." <br /> <br />FOR THE PURPOSE OF SECURING performance of each agreem.!nt and covenant of Trustor herein contained <br />arid the payment of the principal sum ofTl-lO THOUSAND THREE HUN P8~'ars ($ 2,358.22 ), <br />as evidenced by a promissory note bearPlJ~vJJij~fe ~HWJ r~~ of1Mer~st 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 20th day of MAY , 19 88 <br /> <br />Trustor and Beneficiary covenant and agree as follows: <br /> <br />1. W~CTaJ1~ of Tn... Trustor is lawfully S811ed of the Property; it has good right and <br />I.wtul aut!\Ority to. seU and convey the. Property; Ine Property is Iree and cleat of aU <br />Il~a 8:M erwumbf:a{1Q88 ex~t !lOllS !"lOW of fl:lCOrd; and Tf'\I$tOf will warrant and <br />dehJtld,tl\e; Utie_ to the. PtolNJrt)'< unto lhe Trus1ee and Its SUCC8SSQrs. and Il5signs <br />forever. agelllS! t~ claim$. of all pQrsonG. fruSIOf. at lis expense, will ma.lntain and <br />~eurve the lien Qf this Trust Deed as a lien upon the- Tru!t Propert)' subject only to <br />enoU!T'bt.~nc... 6ldlltlog aa ,Qt the data he~eol will causa this Trust Deed, aod each <br />arn..~ntqr &llpJ:jlement ttter.t~ to. be fiied and rsearOOd M a mortgage 01 the <br />Tfust-Propert)' In su.chfnl,nner and in 5uc_h place, Me;! will t.ke such olner action as <br />in the opinion of Trustee may be required by any present at future law in Older to <br />~_t. ma_lnt~ln and Pfot...t lhe.llen of Iht$ Trust Deed. as lhe &arn8 may be from <br />tln'WI,to Ume~Qf SUppil)mellled, <br /> <br />2. ~t_qf ~t..~ tl)~""'~ TrustOf sNiI pon(;tually pay the prlnl;lpal aI, <br />~,intereaton! said',promlssory note IncludiflQ any acvanCS5 Ihereto as Pfovldtid <br />hefaln ~ t~,df..t_,and,at the. place and In the mannar DIOYided therein and wlU <br />~~t~~ttV_ pt)Jfmm.., agr~ts._ condltlOl\$ and PfOvlslon.$ at, any otlltir securlfy <br />I~~~tgty~ In c!o~t1on wlttl UU, transa,Ctioo. <br /> <br />~ _~~'~o~a,tnt[t_~,qf P_~. TnIlJtor wHf nal commit any waste <br />~_' tile, ,,~__ ~ll(f__ \If,Ui. a.t aft Urn"es, malnta_ln the same, In_ gooq On;Jer atId <br />cOndition .-nd' ...11~ make. from time to lime, all repairs. renewals. repta-cemer!ts, <br />!}~, a.re r8a$OfI~bly required 10 p;evsnl waste, <br /> <br /> <br />~.,,~,~,~~f!'l ~,__gfAn~ ~o.-e,,~o~ Of destr~cHon Of, the boildlllQ-,s.. <br />hltP(~f$,or, ~"I property O.91;lalltutmg part of th.e Trust Pl0perty, whether <br />~" _ I. COYt{td b)'lnJlJtanee o,r O!t'itlfwi.e, Truslor, al 11$ $Ole cost and <br /> <br />, T:{~kJ:f, al itl' ,.xp&ntti{ wW 'tlIJil1l_a'j-o With in5\.i,?,s_-il.PP-:\"l-II(ttl ~y <br />>1n.ilUr~. 'lttth, f~t_f(t-t~ l~l111I""$ Mid P8f&t.wal N~8fty, <br />~,-P~_"~_int.t ~~ tit f1_~q" HQhtfil'1"IO, tt.r-rnl(fQ, !~':!-0fher (ltl'f!l~ <br />~~-~,e~~_,~"Kf;:t!:!i~{,:!f< a'~_"mQlji1!__W.!/}~l to II! <br />peit'!tl'tt -I?f ~ r",n f$p-I~~n.j Hilt;,;\' \l'>~IXlI'; lIf11j It'l-!l:ut3fiI.'U <br />~~ anam ~jJi'rnXl~ lil,$.!$ W9!r!ffllllil" ~-lmi~jtlJ'J)w~r'lj <br />~~:S ~ ii'~ Pr~~ lrnd a~ ~1~I~ja'1' "f'lIY_ !~\-!!!'0 f(lt d~ <br />~_ 'tnn.1-M' wUf ~1 wW~ I!vc!l- m~ ~mJ\1#"~I:i>~" ~f"l,ffJ::'~fj .m~y <br />~-,~ t:C t~ ~~ tt)f ,~' pt9ti1ctl9"" by irt.;,ifit"1",ij Of l_k" if!leJ~!,j e.~ l~lfl <br /> <br />respective patties. All Insurance policies maintained pursuant to this Trust Deed <br />shall name Trustee and Beneficiary as Insureds, as th&-lr r8$peotlve interests may <br />appear, and provide Ih6t there shall b$ no cancellation or modification witf!out <br />fifteen days ptlOl' wrltlen noUficaUon to Trustee and BenefiCiary. in the event eny <br />polley heroonder i$ not renewed on or belore fifteen days prior to its expiration <br />dele., Tru~t" or Beneficiary may, procure such Insurance and the cost thereof ahall <br />be added to- Ihe loan secured by Ihis Trust Deed and shall bur intarest at lhe <br />grealer of the Interest ratt!; specllied therein or the highest Interest rate authorized <br />by the, laws of lhe State of Nebra8k.. Trustor shall deliver to Beneficiary the original <br />polle:les of ipwrance and renewal" thereol or memo copies 01 suCh policies and <br />fenewals ther&Qf, Failure to furnish insurance by Truslor, or renewals as required <br />t'ler8\1noer shall, at the option 01 Beneflclary. constitute a default. All uAQarned <br />premiums are hereby assIgned to Trustee 8$ additional security and a sale and <br />conveyaoce ollhe Property by l_ne Trustee snail oparale to convay to the_purchaser <br />the Trusto{'s Intere.st In and to all policIes ollnstirance upon tha Trust Property, <br /> <br />7. Tax.. and AusUl11:anl...rrustor shall pay.all taxes and special assessments <br />tevled or ass&ssed against or oue upon the Property before deUnquency, and wUl <br />deliver 10 Beneflciary copl;)s 01 receipts Showing payment of such tax!8s and <br />spacial assessments, II Beneficiary snail so request, Truslor agrees tl\a1. toete shall <br />be added' to -each periodiC payment requited 10 be made hereunder an amount <br />estimated by l'mstee to- be 5ulflclent 10 enable Trustor to pay, at least 30 da)ls <br />before delinQuency, all laxes, assessments or olher public eha/ges againal the <br />Trust ProperlY, Ihe Note secUfed by !his Trust Deed, or upon account of the debt 01 <br />the lien of thIS Trust Oe"ed, together WIth premiums lor insurance requIred to bEt <br />provjded under lh.l~ Trust Deed and no Int6r~St shall 00 payable to Trustor In <br />respect thereof. Upon domanq by Trustee, Trustor shall deliver to Trusloo such <br />additiOnal sums 01 money as: are: necessary 10 maKe up any d6licjen~y in the <br />amounls necessary to enable Trustee 10 pa:r any of th~ foreooing Hems. <br /> <br />a, Addltlon_llI_n$.. Truslor ~hail mahe all payments 01 interest and principal and <br />pa)'ment.s of ani. othor chafgus, f~s, and exponses cOQlracted to- be paid to 800)' <br />ex:lsting Ilen holl:tQfJ!; or PriO{ beneflcla.rle_$._ undst any pliO! TfUl;1 t)eed, Mortg~ge or <br />other !ecvr1ty agreement. before IM_ aale tho)' are deUijQuenl and to pay any other <br />claim.-.....hlCh jeo.pardlZ8!idhe SftCl,l(ity granted !}ere!", <br /> <br />9, Prot1M:tlon of B~ffCI.l)I'" hcurlty. ShooJd TtIJ$tOf laillo mak~ My p-aymenl, <br />lail It) dti any act as flOrel,n plO'o'id$d. Of If ~ny a<:tlQtl or pr-o.;;aeaing ill- commonced <br />whlc.h r>"l_81e:iaJiy affects Bttnefl(;lat1's !ht&rl}$t In ~hf) PropOfty, lhOludlng. but !1'J-I <br />limIted 10., 'emf'lO'nt dQmaln, 11l~Oi\>ftflCY, af'Mg~m~f11$ Of' P(OC~oolng$ lrlVolvlng il <br />O;,\l1to:rup! Of -decfdent, r.h&!\ Beneficiary or irlJsllSe bl,ll ..-HMu! cbHgauon 10 do $0, <br />and wlHtOul nQlic. '-0 Of -damMd upon Trustor, a(ld wllhoUltelea,lng TI\l$tOf from <br />Ilny vbllgnlloo ~Mer. mll1 tT1-~ke (>r do the Ufl1(I;, 1100 may JUly, purCMM, <br />cO-nI~s:t orcomproml$EI an) .flC:lJmt~QI'i-::t>, charge or Hef'!. which in IIw: f'JdQtl'meot 01 <br />altl".n'- appear!; to iitiDi:;t ulIJ P!~'~try: ill (l)I:e:(~I$l"9 .",; slJd'i !'QwetS lh", <br />8e-"",f~<;;~J;fry Of TflJ5.tU m,ay !I1-cv, Al'1y Uat.H!rr "'I'd .I!PfI'!\rl -.wha14Vt\J amounts, <br />,(\(.'hA1irlg dj\'lbu(":~"l~ (~r '@!!i1i(}"al,le 1l111;m'ill!'f; f&~1S_ wi'!,o. /r! m,,1; ah'!ioh.te <br />dj!C~!!fiC1ft, 1l1,J-r be ~...;f'-'.lJSll.;~ ~n t~ I!Hft'!t 1l'1--l1 1n..":itOf ~Miid !~!1 10 prC':;<iHi1 <br />Itl~wllt-I!< 0' ~t> PIl)' 1<li.!lll<~. iJ"!u !>pil!'(',~1 !\~:!i~~$'T\"H','I!; (,,"f fO "'Fla~:~ l!.'l., P-<lHI'l~"IS 10 <br />e~i~H...,ti or pti<:v. il+fl nry[';'1i ']f ~flfJt!t"1tdl:<~. Hw 6l!"Il'H-C!3t'f tll:h pz-m~lJH!' llu~l'1 <br />'f!~(]r""!;Ij l.'rui mljJ~f< !l~I"~ C..t)-Inl'lfttl'i A~' W<T1P nw..r~m1 0' g-~p~{1,ti",d t" I;\e~-e-th:;i;,ry <br />us tlti~~~ f-o "H;'P;-..-d.N'"" ~~l~ tf'\'! ;"')~'t';(}ft_~ '.1' \!'ill 1';;~1 O.llt<:! !H'ii< $~'::\i'~! I>;tlll1t!ir <br />