|
<br />r
<br />
<br />83-(J05372
<br />
<br />r
<br />
<br />THIS TRUST DEED. made this
<br />be and between:
<br />(A) JAMES D. AND BETTE J. MC
<br />
<br />27th
<br />
<br />TRUST DEED
<br />
<br />day of
<br />
<br />SEPTEMBER
<br />
<br />83
<br />
<br />,19
<br />
<br />COMB. HUSBAND AND WIFE OF EACH OTHER
<br />
<br />, whether one or more, herein-
<br />316 COMMANCHE, GRAND ISLAND, UE 68801
<br />
<br />after called "Trustor" whose mailing address is
<br />
<br />and
<br />
<br />(B) JOHN A. HaLF
<br />ATTORNEY AT LAW
<br />address Is P. O. BOX 428, GRAND 1 ISLAND. HE 68802
<br />(C) FIRST SAVINGS COMPANY
<br />
<br />as "Trustee" whose mailing
<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 ($1.00) and other valuable consideration receipt
<br />whereof Is hereby acknowledged, grants, conveys, sells and warrants to Trustee, in trust. with power of sale, the
<br />following described property, situated In HALL County, Nebraska:
<br />
<br />LOT FORTY, BLOCK ONE IN DALE ROUSH SECOND SUBDIVISION, HALL
<br />COUNTY, NEBRASKA
<br />
<br />The Intention being to convey hereby in absolute title in fee simple, Including all the rights of homestead and
<br />dower, together with all buildings, fixtures, Improvements and appurtenances thereunto belonging; and all of the
<br />foregoing, together with said property are herein referred to as the "Property."
<br />
<br />FOR THE PURPOSE OF SECURING P~QWil8Cl1&f&~,\haamlWllIDh5!nd covenant of Trustor herein contained
<br />and the payment ofthe principal sum of 13~b~'r'tmN'tV~tlrn1~ AW5~46i'IOOllars ($ 16.421.46 ),
<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 27th day of SEPTEMBER ,19 88 .
<br />
<br />Trustor and Beneficiary covenant and agree as follows:
<br />
<br />1. W.~tyofn..... Tlustor (s law/ully seizad of theProp&(I), it has gooo light and
<br />lawful authority to sell ana convey Ih& PrOptlHy, tllt/ PIOPcrty Is free and clear 01 aU
<br />liens and encumbram:es Gltceplliens now of record, and Truslor Will war/ant and
<br />
<br />:r'::.~;a:~~~ II~et~~t~~~~r~~1 ~~~~~~:, ~~~~i~~. :~1t~~x~~~~:~~~~ ~~j~I~~~I~~~
<br />
<br />prsserve the Hen of this Trust Deed as.. Hon upon the Trust Property subJecl only to
<br />encumb~C6$ ex.lstirtg as ot the date h~(eot. will cause Ihls Trusl Deed, and each
<br />amendment or supplement thereto, !o be med and r6i:ordea as a mortgage of the
<br />Tru.st Property in such manner and !n such place, and will taka such other action as
<br />In U\8 oplnicm of Trustee may be required by any present or future law in order 10
<br />perfect, lT1.I;intaln and protect the Uen of this Trust Deed, a.s the same may be from
<br />tl~ ,tollme amsode(i or supplemented.
<br />
<br />2. P.~t 01 ~I..nd lntarnt. Trustor shall punctually pa~ lhe principal of.
<br />and lnlenl,sr on, saId promissory note Inclvdlng any 8;INances thereto as provided
<br />hareln on the dates snd at the place and in the manner pwvided Iherein and wilt
<br />punctually perform all agreements, conditions aM prcwfsions of an)' other sltcurltjl
<br />InSll\ltnent given In conno_cUon with thl~ fre.nsacth:lf1,
<br />
<br />l
<br />
<br />3. ~.tion_.nd Matntananc. of Prop&rtW-. Trustor wl!lnol comm!1 any waSf6
<br />uppn L'le _ ~r,operty and wHl, at all times, maintaln the same in good order and
<br />CQ{)dltfoo and will make, ftom time 10 !lme, all repairs, rene.....als. rep!acem~f1.ts,
<br />a.d~t~IPnI and fmprO"\fomems which are rease-11M!)' raquired to provent waste,
<br />l~p'-I~nt. or delftorloratlon of lOald properly. No build_in" Of lmpro.,erm,mt now or
<br />~fter 6l'eCtsct :Upofl the Property shall be 8Ite(OO, remO'ied or demolished
<br />w_i~t the pel,or written CQnsen\ of Beoeflciary
<br />
<br />.( ~,to ~.In_c:a$& of any darn-agEl 10, Of destruction of, Hw buHdinQ!l,
<br />I~~l'rt. Of personal prope1ly c.onstltultllg part althe Trust Property, whether
<br />~ Iot$ Is covered by losvrance Of otherwise, 'fr,-,stor, al il!l !o-!e cost and
<br />8Jlp$nM, wUl promptly re~tOl'e. fe,p.jlif, Il1pJ.ace and reb"lld the sam() as nearl)' as
<br />pract~ 10 it1, condition Immedl411tt!y prlOf 11.1 $Ocr. damalle or deslrvcllon or wIth
<br />su.cJt chf.nQ,. _and altof;itloo$ as Trustor may dea!TI co;!prO,prialo pn;'<',/lded such
<br />~'and llilleral/(lrtA _dQ not mater1aHy lfl'ssen lhfl ....alu(,' arId ullHly of such
<br />b\llldlrtga; ~ptO'tVtrHjm5 and pe:tSOrl;liUty ftC'tTl 1M! €!)('~Hj(}g !mmtldiatalY prtor 10
<br />suel'i d.ma~e or de~tf\lt:'IQn Tfl.l_Ii.IOf f\ha.tf be 6fllHled Ie reimbursement from I~
<br />rr~&e~" ~~.,l(J.er!t"Of t~ Mt ll\$vr-..nct P(oeftJ(;dS"flwe-lv!td by Tn,lltloo. t11Jlonly 10
<br />tttt ..lento' the act~l.om eJlpended lJn~f 111m plovlslon
<br />
<br />5. CorpQt._~ Tntstor. If irUfJIOf III a cOfpl)tation" \1 wili do ail t!ljn~5 f1i1'C&SlHH'( 10
<br />~~flJcorpo.n-l. 8:t~~t~n<.~, !F>J!1I,J; and pr~(HeQ:-es ')(ldNihe l~w!t of Ih<!t ~!,,!~ of
<br />Ill) in(QtpQ1~~
<br />
<br />6-_ ~. Tfl,l!;IW. .l!t IllS ~,,;wn~.... ....m "11.l1int..,;, "'11(.
<br />~~, ~e,whh tfl~ I>:> W9_ !ff,t!_r:Y~e~Mitll
<br />conltitutb',O 1M ~~tr !l{1;oJfVi-t 10,.<> '-!;I'f 1~~. f1<;1p'''ir'g
<br />~.IH:f t1Y 't~4 ei!It>fflf~ ~:~Wll'''ll'il03 '!tm,t-fX,:(limiff"1. in ll" il:m-olJ~l
<br />j~ :J1'It h!.i~bd ~emtt _?J' !":~ \'\;-11 fPJji;;k';:"!J,:w-."17 'i';:il-wl, H,,,,,,.,l,j
<br />
<br />~~~=~~;~~. ;~t;~ &~1;n ~~~:~:~,r:~:~~;;:_~~~:~:~::i::~tB~Q~ bj ~~:!;;~
<br />,~ fi"l"<l! t.... !i~ !1Y.f"'''fl! {'"_""",,,~;,. !')'J 'n"'J'~I.'" <;-< V'ft """"'11'
<br />
<br />
<br />respacllve partias. AU Insurance pollcla5 maintained pursuanl to this Trust Dasu
<br />shaH nama Truslee 1,lnd Beneficiary as In$ureas, as lheir respeclivo interests may
<br />appear, and provide that there shall be nQ cancellation ar modification Wiltloul
<br />f!f1aan days prior wlitlen naUfication to Trustee and Beneficiary. In the event any
<br />polley hereunder is not renewed on or before lifteao days prior 10 its expiration
<br />date, Trustee Of BenefIciary may procure svch insurance and ttle cost thereof Shall
<br />be added 10 the loan secured by this Tlust Deed and shall bear interest -at the
<br />greater of the. Intere.sllate specified therein or the highest interest rate authorlz.ed
<br />by the Jaws of Ihe Slato 01 NebraSKa. Trustor shall deliver 10 Beneficiary the original
<br />policIes of insurance iJnd H:lOewals thereof or memo copies at .such poHcles and
<br />l&newalS thereof. Failure to furnish insurance by Trustor. or renewals as required
<br />hereunder shall, al lhe option of BeneflcJary, constitute a default. AU unearned
<br />premiums are hereby assi9ned to Trustee as additional security and a safe and
<br />conveyance of the Properly by the Truslee shalt opsr9te to convey to Ihe purchaser
<br />the Trustor's intersst in and to all potrcles of insurance upon the Trust Property.
<br />
<br />7'- TaxlIs and As.e..~nt.. Trustor shall pay all taM'S and special assessments
<br />levied or assessed against or due upon the Property before delinquency, and will
<br />deliver to Benelic/ary copies of receipts showing payment 01 such taJles aM
<br />speCial assessments, If Benetlciary shall so request. Truslor agrees thatthe.re shaU
<br />be added to each periodfc payment required 10 be made hereunder an amount
<br />estimated by Trustee to be suff!cier>! to enable Truslor to pay, at feast 30 days
<br />before delinquency, ail ta~es, assessments or olher public Charges against tM
<br />Trust Ploperty, the Nola sacured by ~hls Trust Deed, Of upon accounl of the debt Of
<br />tha non of thIs Trusl Oa<:d, togelher wllh premiums for insurance requirad 10 be
<br />provided under this Trusl Deed and no interest shaH be payable to Trustor in
<br />respect th,l1eo( Upon demand by Trustee, Trustor shall delj;.er 10 Truslee such
<br />acdlliotral sums of money as are necessary 10 make up any delldency in the
<br />amounts I'flC6ssary to enable Trustee to pay any ollhe foregOing ile-ms
<br />8 Addlllonal Liens. TrustOI shall make ali payments 01 interest arllJ principal and
<br />payment~ of any olh~r charges, lees, and eJl:penses conlractm-J to be pilia to any
<br />inLfsting fien holder5 Of prlorbeneflclarles under any prior Trus! Oeed, MOftgao"" or
<br />other SlIcurity 8groomartt, b$lor8 the date 1111,1)' are deUnqulllnt and to pay an)' other
<br />claim wh!c1'i i$opardIZ&S the OIltCurlty granted t>&rClin
<br />9. Prohtction 01 Bo-neflclaty'w Stl;t.lrity. Should 'rfU8101 fan to mak'l afl~- payment,
<br />fall It.' do any act u I1tlrfl.ln I'HClV'lded. or H any action or prOC&lH.hng-!s commenced
<br />whiCh rnaterla-!1y llHe<;b Beneflclary'$ Int9fllls-t in tho! Property. Irrtlutl1ng, Qui not
<br />hm.ill'FO to. amln-enl domain. !nSQlvency, aH3f'1gemenls Of proC&8(llng:!l in".Olvitlg a
<br />biJl':kf'Jpt 01 d~;;;ede!ll. \l':llo)'\ Bflnefic1ary Of Trust~e but wlmoul obligation 10 de !loO.
<br />Mfd wlmouf (\nH~~ 10 or d.Hnand upon Tr\li>lor~ anti 'olI'tthOlJt relluilsi!'1g Trustor j'OI11
<br />i!lil'1~ Qbh~atl"r. t\f!ffl'U"der, may m<l:k~ or de f~e Gamfl~ llolld n:ay p~y, purchu<.'.
<br />....ont~5: or~omplomi.,e Ol:f1\: "''1cl;/'I'!~~~a;1{;e. Ct111.(ljfl nr l}",,\ WQ!<;:h '" me judQtllYl(lMI 01
<br />*thl!~ al"~hMfS 10 ",fffKt !O"if! Prr,~rty; !rl !!":il;!rClslnc af!y SlJ~l'\ pow&r,; !h...
<br />Bt>fi~!lc;al""" 0' 1ru~t'lMl' rt'ay ,n;;:w any liltbH;ty and f1xV<!'!>(1 WI'il!f>'lel ~mo\Jn!"
<br />';;{;!\Jfl'n~ ,"11Ilh'>l''';-ern.....,I" <;>f r"'a~Ofllibll! '!i!ff,"rH!-!'~ ~~e~, ....-"'e" if' ~hlil" at"M'!;~l'"
<br />"j"t:r...!I~"! bli n~u;"'l;<..,.ar, II" jn!! ~,~"'\ !~'lI! T,,-,jj1tm ~~,,'<:~ ~iI" ~'J pt'>':!-."Ol
<br />'t,_."",. .,I"."J ":';"~\"'~~"0"!'; 1(> ,.,-.;;."", J>.nv ('<)\':nl'f'::;:~
<br />
<br />
<br />
|