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<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
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