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<br />83-006184
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<br />TRUST DEED
<br />
<br />day of
<br />
<br />NOV&.\fRER
<br />
<br />0.,
<br />QJ
<br />
<br />
<br />,19
<br />
<br />r
<br />
<br />THiS TRUST DEED,made this i ~~h
<br />
<br />be and between:
<br />(A) CLARENCE L. AND SYLVIA GAY COLFACK. HUSBAND AND WIFE OF EACHOTlIERAND~~ILI~HISAND
<br />
<br />HER OWN RIGHT . ' whetheroneormore,cherelr\'
<br />
<br />aftel'called"Trustor" whose mailiog address is 4242 SPUR LANE. GRAND:ISLAND. NE688-01 -
<br />
<br />(B)
<br />
<br />as "Trustee"whosemaHlng
<br />and
<br />
<br />(e)
<br />
<br />JOHN A. WOLF
<br />ATtORNEY AT LAH
<br />
<br />addressls P. O. BOX 428.
<br />FIRST SAVINGS COMPANY
<br />
<br />GRAND ISLAND. NE 68802
<br />
<br />as "Beneficiary" whose mailing addl'essIs
<br />
<br />P. O. BOX 1566, GRAND ISLAND, NE 68802
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<br />WitNESSETH: That Trustor, In consideration of One Dollar ($1.00) and other valuable conslderatloo rec~ipt
<br />whereof is hereby acknowledged, grants, conveys, sm:tfnd warrants to Trustee, in trust, with powerofsale;the
<br />following described property,situated in County, Nebraska:
<br />
<br />LOT TIIENTY-NINE (29). WESTERN HEIGHTS THIRD SUBDIVISION.
<br />HALL COUNTY, NEBRASKA
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<br />The loteotlon being to convey hereby in absoiute title in fee simple, inclUding all the rights of homestead aod
<br />dower, together with all buildings, fixtures, improvements and appurtenances thereunto belonging; and all of the
<br />foregoing, together with said property are herein referred to as the "Property."
<br />
<br />FOR THE PURPOSE OF SECURING Po/fmlmC1HH~~~.fiI.\l~Bovenant of Trustor herein cootained
<br />and the payment ofthe principal sum of !':TXTY_NTNR " nn___,:vBotiars ($ 15,569.93*************),
<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 piace as the hoider may designate In wriling, the final payment of principal and interest, If oot sooner
<br />paid, shall be due and payable on the 15th day of NOVEMBER ,19 86
<br />
<br />Trustor and Beneficiary covenant and agree as follows:
<br />
<br />" warrantv' 01 Tm.. TruSlOt is Iawtl,llly selzed QI the Prop&l'1Y; II has QOOO right anl,1
<br />I.wfula\,ltllollty to &ei! and t;onvey the P'ropeny; tne Pto!)&rty !$ free and elMf ot all
<br />I~ and .ncumbtanc$s es.CCtpt l!ena. nQW ol)t f$:Qfd; and Trustor will warrant al1(j
<br />dffend 1M tIt'- 10 tM Pfopwty utlIo the TfUlJl86 and its &UC(;esaoui and assJons
<br />ronwet'. again$t the c,*itns of i1U peraeJR5. Trua1Q(, at lt$el.l*'l&tl, will maintain and
<br />.,.......... the lien of thl, Truat Deed liS" Him upon the Trust PfoPGrly subject only to
<br />tncumbr~ lI1lating a. Of tht date helem, wm caUSCllhis Trulll Deed. arid each
<br />~men1 Of ~t thereto. to be 11100 and recorde<l as a mortgage 01 the
<br />Trust Praperty In auch manner and In such pl.lt.ce. and wUl take such other acHon a$
<br />in the opinion of TrualM may be required by an)' pr&Sent Of lulut& law In otOer 10
<br />perfect, maltlt&in~p{olect th$llftl\ol this Trust Deed, 4S the same may be Irom
<br />timlt tGtlfMamendod 0( supplemenied.
<br />
<br />
<br />2. ~_, ~UId_~L TrUSlor sl1all punClui<y pay the principal 01,
<br />and ,Intlnlt 01\_ said Pfomb$Qry no.f& Includi.ng any advances thereto as pro'flded
<br />~n on the date1J ~_.l the place- ancI in the l'TI&i1f'lsr provided therein ana will
<br />PU~u.UY petformoaUagrHmenu.. c-ondltJons and ~mwisions of aM othet security
<br />lnat~ gl~ In connection with this I~saction.
<br />
<br />3.- ~ aDd JIaInIWlaftce 01 Prapeny. !rldtor wUl not GOlll-mlt any waste
<br />~ tht PtQperty and 'NUl, ..I all 11lll-N,. mtt.lntaln Ino s:-ame tn good order and
<br />condltlon. and '1'1111 rnUe. from time 10 !line, at! repairs, renewals, fEt?lacemeflts,
<br />~S"~ Irnpt:Q~t& wn~ af. t6UooabJy f8Qv.itvd 1(1 Df-evel'lt waste,
<br />t.~t.. or d8~atiOn of ~ property. No bl.illding 01' j~fovemenl I'iOw;)r
<br />~ fN'eded, _uJ)Ql1 tho ~~y atlaIl be altered. remOV8d or de.moHshod
<br />~t U. pdot..nn,n COOURI of Bonaficlaty,
<br />
<br />"-__~Jo~.)n eue, of any_damage to, Of destrucHcm 01, !ne bulldffig$.
<br />~t.9t per$OnAl p10pefty eQll$lilutinc part of the: In,iS! Praperty, whether
<br />SUCh, Iou b cOftfOd b, ~fa.l\(;e Qf Qthimw-i&e. Tru~l(...r, al its sole cost and
<br />kPtt1", \lritl promptf)'_ ~lore, fepa.l(, 1~C8 and_ rebulia the iUl,me as neatly iU
<br />~ tQlt~tlOlldIl<<m tmm<<t!ateiy pOor W $UCh diUT!'~ge -Of Geslrl.lellQrl or wllh
<br />SijIC.J'! ~ _.~ att....tlo:ma ail Tf&t'$to! m~y 00bm llPlMo;oria:e pfOYa,1~ 3uch
<br />~, MlId _.u..,',ton.. dO not m~htf!a<<y i-e-s$ll'n tile 'talJle and ul!1lty of audl
<br />~_ttnpl'O'HIM1'ItJ:_ and poiJ,~lIy from that 'nlstlr;g- imma(lilillel,r plior to
<br />~,~ _Of dHlru.cfiqn lruator 5hilJ! Qe &fItiU.,; 10 r.lmb-u'~r,t r:om lite
<br />T~.. tq the,.exWU of tNt.~t ~ftlnce ~ods. rec~V@d by Tt~st8e:, but only 10
<br />thltect.,-~ of In. ae:t..a-\ tQnl'.~ ...nd~ WI.. p~O...j1l19f\
<br />Ill. ,~~, n-tN"&Wf It OJ (:Qt~.liO!>.!~ 'fl(jll 00 an INrJ(;''!\ "lK'~!!$'",rl' to
<br />~lt.~e.l(~e.fi!,jntjlA!'~Cf",'_il\l.{rft$U,")fj"'-fr->'WlilW."i IMJ8tl:ll~Oi
<br />l~irIr#OIDt~.
<br />
<br />&.- ~ r,-~l-\)t" ..1 ~. t;l~~. ""WI fll,Wll!ljll ...-;Ih m.lJlj).f-l:!i ap-"H)vf'<.1 i'l\,
<br />~~, ~ .-~ ~l t>'l-tt~ i"nPf{>\"ti'Jn~t~ *1'>.r1 ".'$-eM-! /wC1-'4'tr!j',
<br />~:tnt ~t, ~l'"'t ~Mb--t'l.r..,. ji:,,;Nnbil. lomll,,'kl, ilIntt ,..It,.;t f)1I'fJb
<br />~~,~~;.I.~'to)y..-~~~,t!f!!I;1'l ')It\Q\>,!., ~\jii! !'J all
<br />....,. ~~-, W~i ,A ft>. t,,,H itlfH~~'1'l.fil "!'.:~ WWl'!<;1, Itr-.-rt ;n,~"",,-I'(.~
<br />~ ~Jl.!,)'!~ ~IU~ ~ 1~ *'.I"~Jl ~_.,.r\l u H_,-'\iMt-<nN!~\iy t..,.,..~t>t i'....!',.,-j~
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<br />~=~r=f~~~~~:~i1);::::1~i:~L~~~~:~;~1\;;
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<br />respec::llve parties, All insurance policies maintained pursuant to this Trust Deed
<br />snail name Truatee and Beneficiary as iflSUHtds, as their respectlye Inlerests. may
<br />appear, and proYlde thai Ihere ..haU be no cancellation or modlflciltlon without
<br />hllHn days prior written notification 10 Trustee and Beneficiary. In tho event any
<br />polley hfI'9vnder Is not renewed on or before Uftsen days prior to its expiration
<br />date, Trustee Ot a.enelielary may procure such insurance and the cost thereof shall
<br />be added to the loan 88Cuted bv Ihis Trust Deed and shall b9f,r Interest at the
<br />greater .of the lnlere$i rate specified therein or the hlghesllntEltlf&t rate authorlLed
<br />by the lawa of the Stale of Nebrask.a, Trusto.- shall t1ellver to Beneficiary the original
<br />policies of Insurance and 'anewals thereof or memo capl&8 of such policies and
<br />renewals thereof, Failure 10 lI,nnlsh insurance bV Trualor, .or renewals as required
<br />here.u.nder :thall, al the .option of Benellci",r)', constl1ute a default All unearned
<br />premiums .He Mr8b\l assigned 10 Trustee as additional security and a sale and
<br />conveyance of lile Proll8rly .by me Trustee sl'aU operale to convey to \0$ pu,cnaser
<br />tile Trustor's Interest in and 10 all paueles of Insurance upon Ihe Trusl Property,
<br />
<br />7 Tu.. and A.....m.nt.. Trustor Mall pay aUla:r.es and speclai liISSi)ssmenlS
<br />ievre:d or assessed against or due upon the Propelly belore dellnQuencv, and will
<br />deH'I'er ta Benefjdar)' copies .of recelpls showing p_a.,.m&f\t .01 such taxes and
<br />speclal aS$essmanls. II BenefiCiary shall ~ request, TrlJstor agrees thaI ltlere shall
<br />be added to eactl perlodlG payment required to be made hereunder an amount
<br />esl!mat&d by Trustee to bi! sufllclent 10 I,tnab~ Trusl~ to pa.y, at l-easl 30 days
<br />belore delm(luency, aU lalles. assessmenls -Of aft\ef public charges aga.lnst the
<br />Trust Property, H19 Nate sacured by thts Trusl Deed. or upon account ollhe debt or
<br />the lien of thi$ T:ust Deeo. together wllh prElmlv.ms for insuranct'l {eQulrud ta bEl
<br />nro.lded under tnls Trust Deed Iifl.d no iOlerel:i1 Shall be payable 10 TruSIO( h,
<br />ref.i.pocl th.ereo!, Upon demand by T1u$iee._ Trustor shall tJeUver 10 Tmstee SUCh
<br />a<ldlUonal !\Vms 01 f'flQCley as are neCEl1isary to make up any deficiency in 1M
<br />imlQ>Jnl'i necessary to enable Trustee Ie pay any of the !oreqoingllems
<br />6_ AddtHorlalllans. TrustOf shell make aU p(i}'ments of interes1 and principal and
<br />p;l)'(Jl&ntS. 01 any oltt&-r chargQS, tflG.$, and e!l:pense-s oontractf.KJ 10 be P<'ld 10 any
<br />ltlf!'SUng 11el1 hQaiera Or prku beneflr.laries under any prior Trult O&ed, MOft~ge Of
<br />other $ocurlly ilJrMrmr.nl, betQrll the dalflthey Ire delinqoenllloC' 10 pay any other
<br />dlllm wtJi~h !oop"rqlzes the HCiJritygranled h&feln
<br />
<br />'i. Prolet;:Uon of 8enet'k:Hlty'. Security. ShOulo rmiiler tail 10 make any payment
<br />lail to do Itt'ly' t'ct as flltn.ltrll'tO'i'tded, or If an)' acHon or p~oce$dl.nQ 1\5 commenced
<br />.....hk,;~ ml..teri.Uy aifects Btt-t'le!fid41Y'\" l!'lt_ff:lllt In the Ploperty. l:ncl-udll'lg. bllt Mt
<br />Ilniltitoi! to, tmln&ttt domain, ;~$ohtency. art&ng.&rnf.l:nl~ or proc;(!.e(I:ll1gs h'wolvil1Q il
<br />b&fl.~rWI Qf OGcedonl. !.h&l1 Bt:'ll101Icr.ary or Tru~IM cuI wllhoul oblJOl'4l1011 10,jO $.0-,
<br />~m wlt~II'i,!UC. to Q< demiu\Q up<m 'TrystOl, ,n(l wltMut r8-itlasj"~ TI1.I9101 1101lI
<br />AfI.,! oonca!io-n htWvut,,'$t!l, ;THij makv QI d<i lhe urne. .rn:l iTl;lIy PtI)'. pl,itchau-,
<br />(;01';1-$-:$\ or v.Ofr;ptl..'mi,a a"1 ff!l;,).Umt.<fltJ1i:il, ch.rge or hsn, wl1i\;h h: VIti j\IOQ~fnil:f\t-01
<br /><!olt~\fj. f.l!Ptl'llrll tl.,l jifleo;:' -uJo -Pf'~ny, In elUlfci$ll'\Q' fl-l1)' 'ro\let< pOW~1!l lhe
<br />~",ti'~i.arl' 0<' Tn\ist\ll. \'ll1t il'>1<vr llJl)' liab!HIY illld >uv-el'l<1 .....l1a11...\1:( amOUnhl,
<br />!:'l{;lu-dir>g 'J\~t}Wcf':'l4m~'~il "', '~,,!j.~"..bjl!! lllh:>'....e~.jl flXt!. \OI1'tI\~fj ~'l !Nt(r M:>~Olu\e
<br />dll;oC'lIIt,Ol'\. !'<-' .-'<t-C11l-\HI/i'Y l~ the t>YOf\1 thil.i fr4!1ito.r liitl..[, li\ll 10
<br />!iu.;;s; O\f'.o} (,!".."iln\-
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