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<br />83-'006219
<br />
<br />18th
<br />
<br />TRUST DEED
<br />
<br />
<br />day of
<br />
<br />NOVEUBER
<br />
<br />,19
<br />
<br />83
<br />
<br />THIS TRUST DEED, made this
<br />beandbetwlieo:
<br />(A)ALVIltlf_-..NID ANN. E. SCHMID,. HUSBAND AND WIFE OF EACH OTHER,
<br />OWN RIGHT
<br />
<br />AND EACH IN RIBAND HER
<br />, whetherooeormorliiherefo-
<br />1706 BRIDLE LANE, GRAND ISLAND, NE68801
<br />
<br />(8)
<br />
<br />aftlitcalled"Tri.lstor" whOSe mailing address Is
<br />
<br />361m);. WOLF
<br />ATTORNEY AT LAW
<br />address IsF. o. BOX 428,
<br />ElRS! SAVINGS COMPANY
<br />
<br />GRAND ISLAND, NE 68802
<br />
<br />(C)
<br />
<br />and
<br />
<br />as "Trustee" whose malllog
<br />and
<br />
<br />as "Beneflclary"whose mailing address Is
<br />
<br />F. O. BOX 1566, GRAND ISLAND. NE 68802
<br />
<br />WITNESSETH: That Trustor, in consideration of One Dollar ($1.00) and other valuable consideration receipt
<br />whereof is hereby ackoowledged, grants, conveys, sells and warrants to Trustee, intrust, with power of sale, the
<br />fOllowiog descrlbed property, situated in HALL County, Nebraska:
<br />
<br />LOT FORTY-SEVEN (47) IN BLOCK ONE (1) IN DALE ROUSH SECOND
<br />SUBDIVISION, HALL COUNTY, NEBRASKA
<br />
<br />The Inteoflon being to convey hereby io absolute title In fee simple, including all the rights of homestead and
<br />dower, together with all bulldlogs, fixtures, improvements and appurtenances thereunto belonging; and all of the
<br />foregoing, together with said property are herein referred to as the "Property."
<br />
<br />FOR THE PURPOSE OF SECURING p~~a~ent and covenant of Trustor herein contained
<br />and the payment of.the principal sum ofm1NilRlID EIGlI'Y --6E'JEN AND ~}':As!3 ($ 15.287.00************* ),
<br />as evldeoced by a promissory note bearing even date at the rates of interest thereon which may hereafter be paid
<br />oradvanced 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 18th day of 1l0VEMBER ,19 1990
<br />
<br />
<br />Trustor and Beneficiary covenant and agree as follows:
<br />
<br />1. WaIlUtr ,otuu.. TMitOl ilJ Iawfull~ seized of the PrOPliIlIy; it haa good ~ighl and
<br />lawful. &1,llhoOty to. Mil llOd conv.ey ttle Property; Ih& Property Is tr~ and cl&at of all
<br />IIena ~_ enQUm~ ex.eepl lIem now of rewrd; and Trustor vwlll wsuanl and
<br />~1tQ4 tbe tiUe to the Property unto the Trustee and il$ succeSlOOfS aTid.llsslgns
<br />fore.'I8r, aq.inat tbe claims of aU pars0n4. Tr\JSIOl, al its expense, will malnt.ain .and
<br />plMelVe the Iten 0111118 Trust 0lMd 6$ a Hen upon the T/Ust Property subjecl only to
<br />encu.mbIancta exiating as _of the date herQO', 1ll'ill cause tills Tn'!st Deed, and each
<br />~ Of l!I~t lllereto" to be_!iled llnd f8CoH1ed as a mortgage althe
<br />TN$t ~'t In auch malUl8f and In such place. and will take such other action as
<br />lIt. the opl~ of Tl\l8tee may be requlrfM1 by ally prestnl Of luturs law In order to
<br />pirJtc:t. maintain ana ~l.ect the lien ot this Trust Deed, as the same, ma)' be ~rom
<br />t""'tolime,a~orsuPl=ltemented.
<br />
<br />~ ~ol_P""cI,.~hDCIInMfML,TrustGt shall pun.::tual!y pay the principal 01,
<br />~,inlweat on. aald ptOlnip,ory note lnclud/-tlg any ad_,aoces thereto as. provWed
<br />heI'em-cm'~ da'~ and_.'_ the_plaoe and in the manner plOvldad theroln and will
<br />~~ly p!edonn all agreement... condillons and prolllslons 01 any other se<;ulity
<br />i~_t_gl"~ Incon~llonwlIh th14 trAA"",Uon.
<br />
<br />3.,- ~~ _~:~,ot, PfOI*ty. Trusl0r will not commit any. waste
<br />upqn, ~ ~_tY,.nd -"wI'I. at_ aU 1Ime$._ maintain the $a1TIiI in good order- and
<br />C01I(JaUon..and w_Ift _tn'ake. from lime to time, all repairs, renewals, rvplacements,
<br />~,and.imPJ~menta which ate _reasonably required to prev~t waste,
<br />~~;Or,dGtj~Uop of,aId: pfope:tij'. No ~uildmg Of Impl:OV'emElfit now or
<br />~"_-.;l~,,~ the_ PfQpe:rty_shaH be__attered,_removeQ -or demolisbed
<br />"~I_-lM~lQ.r_wtt_Uen,t:9Q~_of81tl:l8fl$fy,
<br />
<br />4;,q,_,"',,~~-'~(l~ of any _daqle:Q.&,.tQ._or dealtuction of, the bullding.s,
<br />~,or, per$01lal property COl'lstltuJiJ'Q_,PaIl of Ihe Tru3t Property. 'lII_hethef
<br />~-lGtalJ ,l__~ed bJ In$uranc.. or otherwbe, Trustor, at lis !\Iols- cosl and
<br />'t~- f!lPa,U, rllP1at;e "tKi fsbull,d t~ same as nearly _as
<br />Im_m~!&teq prlorto 3llcf\damage or destruction Of 'NUh
<br />
<br />_,,!~~lOM, _OO__~I _~tarlaUy JeStet1 the, v.ru" 8f?d ut~i1tf of such
<br />Imp[Q'(.J\ta_.(tJj ~rnvl1Y from that ~Ia~lng -immediat;:lly prior 10
<br />
<br />u.:::::=~:~:i~::::.t::e:~I:::~~:~b~:U-:I::,~~:::i~~~
<br />ttl. ~,oB~_actU:lI!~ ~~di!id undeflhlsPtovi$,loo.
<br />5._ ~;t~,_, if T~u.atQl')&" _,Cj)rw(atl~, It wili do a!\_trllng-s neCtllUi;lry to
<br />Ol..eJ~}fi OOfP9t1lt. $JI;lBtern:4l. Ilgl\\& and prNllDgM };n(jer the la.....s (II tho s1\\I(I of
<br />1"-1,.~,t,lqn.'
<br />
<br />~ ~'cit!i~ ~Af~ Iin<I ift A!,J{J\ a.f'l-ouri! lUll" ~~IMlarH1 C"rrl~,t,y owrie~~
<br />ana1, ~'f.\n of 4if!ll:fa-f $)f~perl," an" .a~ fbP.)\tti.cllH~- mal' r"Jquln~ It\{ lht
<br />~tlOfL l'ru.lQ1 ';r;ffi:~9fflf>&' w!th tt-"i;J\ QIl101'!-l' !lX!IJiJ<tItl~!$", fun"UJ,;I",-,y !'!'l.j1y
<br />~ 1~ U,; Itti'I4Jt NIq!.lMt fl:)( fhii ,~'!),,,,,fk).. by lJ'llHjf~Ill,',t! tH t~ lr.l",.,f uf .!ill\!
<br />
<br />respective parties. AU insurance policies maintained pursuant to thiS Truat Deed
<br />shall namQ Trustee and Beneficiary as insureds, as their respecliva inlerests_may
<br />appear, and provide that thero shall btr no cancellaUon or modUlc.tlon wlthoul
<br />fifteen days prior written noUficaUon ,to Trustee and BenefiCliary. In ,he ellent any
<br />Policy hereunder is not renewed on or before fifteen days prior to its. elliplr.tlon
<br />date. Trustee or Beneficiary may procurel;luch insurance and the cost thereof shall
<br />be added to the loan secured by this Trust Deed and shall bear Intar"' at tha
<br />grut..- of the Intere-st rate specUhtd therein or the highest Inlerest rate authoflled
<br />by the laws 01 the State of Nebraska. Trustor shaH Cleltver to Beneficiary t~ original
<br />pOI~!8& o! !n5urant:~ "00 r'!tnewa!s tMr~ or ffi9ma cople!. ef ~uch pollcl$S and
<br />renewals thereot Failure to furnish insurance by Trustor, or renewals as required
<br />hereunder sllall,_st lhe option of Beneficiary, coostilute.. detault AU unearned
<br />premiums. are hereby assigned to Trustee as adtlllional sacutlty and a sale and
<br />conveyanctl 01 t~ Prop",rt,. by the Trusteti shall operate to conv-ey to the purchaser
<br />the Trustor's Interest in and 10aH policies of insurance upon the Trust Property,
<br />
<br />7. Tau. and Autum_n... Trustor shall pay all taxes and special assessments.
<br />levied or assessed_against_or Clue upon the Property bafore delinquency, ,and.....lU
<br />deliller 10 Beneficiary coplQS ,of receipts showing pa'1ment elf such taxes and
<br />special Ss.sess~snta.1f Beneficlar)' shall so request. Trvstor.ag.rees that there shall
<br />be added 10 sacll periodic: payment required 10 be- made hereunder an amount
<br />e~tlmated by Trustee to be 'sufflclent. to enable Trustor _10 pay, at least 30 days
<br />belore deUnql,lency. all taxe_s. asse~mants or otller public charges. Bo_insl the
<br />TIUl~t Pn,)perty.the Note secured by !hia Trual Deed, Ot upon account of the debt 01
<br />the /len of this Trust OQt'ld. tOQe~hat with premiums for insurance r~qulf8d to be
<br />provided und81 this .Trust Otttld and no interest snal! be payabl,e to Trustor In
<br />respect thereat. Upon demand. by Trustee, Trustot shall daUver 10 truslee such
<br />addl.t1onal sums 01 money a$ are ne<:essary to make up any delicien~'1 in thll
<br />amoonls necessary 10 enable Ttustee 10 pay any oltha foregoing items.
<br />
<br />8, Additional Liens. Truslor shall make all payments of inle/est and princlpal and
<br />paymf;l:nt$ of any other charges, lees. and expens.es- contracted 10 be paid 10 any
<br />ex\aUng lien holders or prlQr ber'!E!lh:larles under any p.rtQf Truat [}Qed, Mortgage or
<br />othet MCurlt,)! agrQement. before tM date they Ifill dellnquenl and to pay_ any other
<br />claim which ieopardlzes tM security granted herein.
<br />
<br />i, PtQ*t;on Clf, s.n.t~l.ry'. S.curlt~, Should Truslor f.ll.to mal\&_any paymetll,
<br />faU _io_ de 8flY actu h:~t_J:I:lfl- "l'91t1de\i, or If any acllon_or prQCeQdlfiQ_ 1$ COITIl'l1II!!nC$d
<br />Yl'~_lct'l ,ma.tar_I-'IY af1ltC,t~ 6etIeHeisry's Interes,1 In tl1e Prq~Tty, lru;:ludIOQ. but 1101
<br />Hmll~-to, emIll&nt 'don,,,ln, insolvency, anangeffienta or pt~dif'lgs-ln"clvlog a
<br />banluilpl or dec&dent. Ihllt), B6neUciary Of TWl>lee bul without Obl,lga,tl-on to do lIO.
<br />aMi without f\QUee ItH')r d&mart<! uPOI1 TU,i!ltor, il;nd wlloout I1lleulno nUlltor !lorn
<br />Arty obttlla.tlo.'"I he(eu~r, !fillY makll: or do the: same, artd O1{1Y, ,pill'. purchaw,
<br />cOfHe$! Oll;Qw!,1romlst! any onoumbram;e. charge (H lien, whkr, lf~ tht jultglirnenl of
<br />!lithel -a-OP$!V~ Ie- Mllle.l ~lIild PrQf<$fIY; in It,,e.t;lslf19: My '!It.H.;!'! POWlff8 the
<br />81j1f1eff..';lry OI-Trwt.. may Incur any ltabHlI)' .nd- eJ(~ "Nhal"WI amwnts,
<br />h't<:;hJdlng (jishll(S<;Im'f!I~ of 1~.no-ttabl. aitorney'. f~, wh'CI\ In lhoir absuiuhl
<br />dtJU;.1fftIQI1, rn~)' bEl "'lWl!l.SlhUY II' t!'l(r ~"fflnl thaI Trlj!l'lor $-h~lj Jl\l! !o pro;;:Ufu
<br />inl'i'-lfilonC(! Of jc p..~' TllAes;, ifMi s.v~,.;lai <l!l$es!iJI"Hl!!l16 or tt;' m<'l"-ll< J;fly p;l;~'rn&;lh to
<br />1l!J(,~,\l<\ioI 0' p-tiQr ~jlJn r:otdM-' Qr l;.llme-rl-c:iltllf.lI. lOti Dvru~JI{;I~VY rnfllY pto('t,!'1) ;,-u~~h
<br />1"~I.;:'lI1Kl!! _flU fj\lIIlo.~ itich ~l;';)'1l'~iJts_ ",j Jl,ms ;'l<;w..,a or ';;h.~ by DeMlfle,;!/)
<br />!:,r fIV!Jl~ ;'l ~'::Nrt1lJrie~ \IfHh IN(o: t-(!jvl~h)fill' ()! thl~ lfuil!l O"t>J .i\I1I: ~\t'J'Jt!X1 he.1ltbt
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