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<br />I
<br />Ie (: T..11~ DEED
<br />
<br />30th
<br />
<br />.
<br />84,-
<br />
<br />002891
<br />
<br />May
<br />
<br />,1984
<br />
<br />oayof
<br />E. B, Suntych, Husband and Wife
<br />
<br />THIS TRUST DEED, made this
<br />be and between:
<br />(A) Victor Dale Suntych and Martha
<br />
<br />r
<br />
<br />, whether one or more, hereIn-
<br />after call~d "Trustor" whose mailing address is 1823 North Sherman ~ Gran,d Is 1 and" Nebraska 68801
<br />and
<br />
<br />(B)
<br />
<br />The First National Bank of Grand Island
<br />
<br />(C)
<br />
<br />addressis P,Q, Box 1768, Grand Island, Nebraska
<br />The First National Bank of Grand Island. Grand
<br />
<br />P,O. Box 1768, Grand Island, Nebraska
<br />
<br />Grand I s I and
<br />
<br />Nebraska
<br />as "Trustee" whose mailing
<br />and
<br />
<br />68802
<br />Island. Nebraska
<br />as "Beneficiary" whose mailing address is
<br />
<br />68802
<br />
<br />WITNESSETH: That Trustor, in consideration of One Dollar ($1,00) and other valuable consideration receipt
<br />whereof is hereby acknowledged, grant:>, conveys, sells and warrants to Trustee, in trust; with power of sale, the
<br />following described property, situated in Ha 11 County, Nebraska:
<br />
<br />Lot Four (4), of Imperi a I Vi 11 age 8th Subdi vi sian, in the City
<br />of Grand Island, Hall County, Nebraska,
<br />
<br />The intention being to convey hereby in absolute title in fee simple, including all the rights of homestead and
<br />dower, together with all buildings, fixtures, improvements and appurtenances thereunto belonging; and all of the
<br />foregoing, together with said property are herein referred to as the "Property,"
<br />
<br />FOR THE PURPOSE OF SECURING performance of each agreement and covenant of Trustor herein contained
<br />and the payment of the principal sum of Thi rty-Fi ve Thousand-- Dollars ($ 35,000 ,OO___unuunu_),
<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 officeoftheBeneflblaryorat
<br />such other place as the holder may design"te in writing, the final payment of principal and interest, If not sooner
<br />paid, shall be due and payable on the flrs t day of June ,~2004.
<br />
<br />Trustor and Beneficiary covenant and agree as follows:
<br />
<br />1 W.nanty of TII'-. Truslor IS lawfully selzea 01 the Property: ,I nas good right and
<br />lawful allthonly to sell ana convey me Propel~Y: the Property '5 tree and clear of all
<br />liens and encumbrances eltceplllens now of record: and Truslor will warrant and
<br />det~ the title to the Property ul'llothe Trustee and its successors and assigns
<br />forever, against the claims of all oersons, TrustOI, al it,!! expense. will malnlain and
<br />preserve the lien 01 this Trust Deed as a lien upon the Trusl Property subject only to
<br />encumbrances eltlsUng as of Ihe date hereof, .....m cause thiS Trusl Deed, and eaCh
<br />amendment Or supplement Ih.reto. to be filed and recorded as a mOrtgaQe 01 the
<br />frust Property In such manner and In such place. and will take such other action as
<br />in the opinion 01 Trustee may be reqUIred by any present or luhHe law In order 10
<br />perle<:t. maintain and protect the lien 01 this Trust Defld. as the same may be from
<br />tfrrw: to lime amendOO or supplemented.
<br />
<br />2, P.Jft*'lt 01 Prlnc:i,.l.hd Inie....t. Trustor ShaH punclually pay the pllncipal 01,
<br />aod Interest on, said promissory note i~luOlng any advances thert:'to as provided
<br />herein on the dates and at Ihe place and In the manner provided therein and will
<br />punctually perform all agreements. conditions and p.ovlslons 01 any other security
<br />instf1,1ment gi-..en in connecth:m with this transaction
<br />
<br />3. ~tton.nd ....ntenlinc. 01 Property, Trustor Will not commit any waste
<br />upon the Property and will, at all times, maintain the same In goO<! order and
<br />condition and wlll make. !rom time 10 lime, aU repairs, reneWals, replacemer.ls,
<br />additions and improvements whiCh are reasonably reQuired to prevenl waste.,
<br />Impairment, Or deterioration 01 said property. No buildmg or improvemenl now or
<br />hereafler erecled upon the Property shalf be altered. removed or demolished
<br />without the priOr written consent 01 BenellC.ary
<br />
<br />4. o.m.e- to Property. In <:ase 01 any damage 10. or deslrvchon .)1, the buildings,
<br />Improvemenls Or personal property consUtutmg part 01 the Trusl Property, whether
<br />such lOSS Is COV8{OO by inSlll8O'Ce or olherwfse, Truslor, al ils sole cost and
<br />expense, will promptly restore, repair, replace and rebuild Ihe same as nearly as
<br />practicable to Its (;oodltlon Immedlalely prior to such damage or destruction or WIth
<br />such changes and a1t&raliOns d!. Truslor may deem appropnale prOVIded such
<br />changes. and alterations do not matenally lessen tne 'fall.H! ana utllity 01 s.uch
<br />buildings. Improvements and personality trom In...t e~lstlng lrnmedlatoly pnQr to
<br />SUCh damage. or destruction. Trustor shall be entrtled to reimbursemenl trom the
<br />Trustee to the extant of the not insurance proceeds receJved by Trvstl:l6, but only to
<br />tn. extent Of the ac1ual sum expended under !tIIS plOvls.on.
<br />
<br />L
<br />
<br />5. Corpof." TN.tor. It Trustor .s a corporahoJl. ,t .....111 do ail !hmQ5 fl6ce"sary to.
<br />preseNe its corporate elustenCEl, nohts and pnvlleges under Ihe laws 01 the state of
<br />!Is Inootporatlon.
<br />
<br />6. lI\frUranctr, 1rU$tor, at ltS 8Jlpeose. WIll malntam Wlln Ir\SU!Qrs approved by
<br />Ben.Uciaf)', m$l.lrance with respect 10 lne ImpIO'femonl:l ,md ",arsonal pfOpeny.
<br />constliuUng the Property against la-ss by file. lighlnlTl\l. torna<10. dn,J Olh;], perl!"
<br />covered by standard (llO;tended J::ovmaga endOfSllmenl, m an a!noulll equal \(J 31
<br />least one hunt1recJ percent 01 the lull tcplacament ~alve lh!;reol: alld mSUfanct!
<br />against such other hazards. and In :!ucll amounl as IS CUSlam<ltl'Y C(Ufltll1 by o....m:rs
<br />ilnd opt;tralors of ilIlmilar propertIes and a5 Blinell(;,ar~ "'ii~ '/,lqUlru lell ,15
<br />proleciion frus.tor Will comply 'HUh ~uch olhB( wq...ilcmer<!s flS B€><rehclary may
<br />!fCIm timD 10 lllne rtlqUllSI fOf Ihv plolactlon !l-y Insurance fit Ih<l Inler!)st of Iht)
<br />
<br />respective parties. All insurance policIes maintained pursuant 1.0 thls__nustJJ~
<br />shall name fruslee and 8~nellci.ry as Insureds, as their respecllve inte'esta may
<br />appear, and provide that there shaH be no cance!latlOtl or _modlflca~lon'.w,i,th.Out
<br />Ilfteen. days priOf writlen notification to Truatee .and .Beneflc.lary, 10. ltl."..~t'.rtr
<br />policy hereunder Is not renewed on. or before fifteen days prior to :)1$. e~l,.,tiol:l
<br />date, Trust" or Beneficiary fTt.y procure sooh Insur.nce II;nd.the CQsl thenilOf shll;n
<br />be added to the loan secured by this Trust.OftC;Iand $h.lt~.:lntwe'l.al:lM;
<br />greater of the Interast rat. specified: tt'!4lrein Of ltle,blo~t ,'fI..,..t,,.lii .ut~~
<br />by the 'awa of the State of Nebr.ska~ Tr.uator ahaU.deU'dfto B'nel~""t,~CKiGI~1 -
<br />policies of in"uranee.and ,eneVllals.thereol or memo coP'" af,such-potic....:,.ijd
<br />renewals thereof. Failure to flltnlah insurance by TNstor. or fent:W.ls....,r_~
<br />hereunder shaU, at the option 01 Benetlclary, constitute.. delauil. AU t,InM(ned
<br />premiums are hereby assigned to ,Trustee a$ additlon.1 ,securlly and.'.. ..Ie ..~
<br />conveyance <:! the Property by the Tna,t" $hall operatttlO convey to tn.. P\ucna..r
<br />the Trustor'a mterest In and 10 all pollclea 01 insutance upon the Trust Proper.ty--,
<br />
<br />
<br />7 T..... anet MMUmenU, TruSlor shall PlIlY all taxes \1.00 speclll;l aSSMamenta
<br />levied or assessed against or due upon the Property before. delinquency, a'nd wilt
<br />deUver to Benellclary copiea of receipts showing payment. of such laxea' and
<br />special assessments. If Beneficiary shall so request, TrustOr egrlMl thaUMif.-thaU
<br />be added to each periodic paymenf requited 10 be made hereunder an amount
<br />estimated by Trustee to be suttlclen! to enable Truslor to pay, at !east 3O'days
<br />before delinquenCy, aU taxes. assessment!; or other public charges againsl the
<br />Trust Properl)', the Note secured by this Trusl Deed, at upon account of the debt or
<br />the Uen 01 thIS Trust Deed, together wfth premfUffiS for insurance required to be
<br />pfovided ...,-.d"'. In!S TiUat Daad and r:o ir:ttlm:H shan he payahle !o Tf1.!S!O!' ill
<br />respect thereof. Upon demand by Trustee, Trustor shall deil:vet 10 Trustee, such
<br />addlllonal sums 01 money as are necessary to mair.e up any deficiency fn the
<br />amounlS necessary to enable Trustee to pay any of the fOregoing itams.
<br />
<br />8. AddltloMl LIenL Trustor shall make aU payments of Interest and prior,:ipal and
<br />payments of ilny other charges, 1985, and axpef\sea contracted.to De p.ailfto any
<br />existing lien holders or prior benell.ctarles l,Inder. any prior Trust Deed, Mortgage or
<br />other s(tCurlty agreement, belore the date they are delloquent and to pay any. i)th.r
<br />claim which jeopardizes the security granted herein,
<br />
<br />9. PralKllon 01 a.....ncl.ry'. s.curU,. Should Trustor lail to make any payment,
<br />fail 10 do any acl as herein provided, or If any acUon or proceedlno Is -commenced
<br />whfch malerlally atlecls Beneficiary's Interest In the. Pro~rty, includlfl.O. bul not
<br />limited to, eminent domain, insolvency, arrangements or proceedings involving a
<br />bankrupt Of decadent, then Beneficiary or Trustee .out wUhout obligation to do 80,
<br />and wllhout notIce to or demand upon Trustor. and without teleaslnQ; Trustor from
<br />any obligation heteunder, may make or do the same, and may pay. purchase,
<br />contest or complomiss any ent:umllrance. charge or lion, whIch in the-judgement of
<br />ellhal appears to alleet said Property; In eXllrcismQ any such powers the
<br />Beneticlary Of Trustee may Incur any liability and expend whate'fer amounts,
<br />'nctuding dlsbur:;;ements ot reasonable atlorne:(s fees., which In their absolute
<br />dlsc:eHon. molY be necesSllry In lhe event thaI trustor shall lall 10 procule
<br />lflsurance or to pay laxes, and SpttCIQ{ Assessments 01 to make 2ny paymanls to
<br />e..ISlmg or PliO! Ben holders 01 benoltcl8.II&S. the BarmtlelO,ry may plQ(;ure such
<br />If1SlJranCl;l anel make suct\ payments. All sums incurred or "..panGed by Balleflclary
<br />01 Trvslee III accordance wilh Ihe proYlsIons olin,s TlUst Datfo ara secufst1 hereb}.
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