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<br />",,4- -U'
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<br />84 - 003436
<br />,19 6',/
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<br />TRUST DEED
<br />
<br />THIS TRUST DEED, made thls_~~_Clay of
<br />be and between:
<br />(A) Paul R. and Mildred L. Bonney
<br />
<br />, whether one or more, herein-
<br />after called "Trustor" whose mailing address Is 2413 Pioneer Boulevard. Grand Island _ NE
<br />
<br />and.
<br />
<br />
<br />(B) rnhn A IJnl f
<br />
<br />68802
<br />
<br />as "Trustee"WhOsEl'maIllOlr
<br />and;.
<br />
<br />address is P, 0 _ Box 460 _ Grand Island. Nebraska
<br />(C) _ NOL~2.t ]il!:!1Grang, Isl~ N,A.
<br />
<br />?:O? tJp~t 'Phi rei ~1'rppr, P 0
<br />
<br />as "Beneficiary" whose mailing addrells' Is
<br />Rnx 17nR, ~r~n~ TQ1~nnl NF. hRRn?
<br />
<br />WiTNESSETH: That Trustor, in consideration of One Dollar ($1.00) and other vaiuabl.e consideration receipt
<br />whereof is hereby acknowledged, grants, conveys, sells and warrants to Trustee, in trust, with power ofsale;.the
<br />following described property, situated in H~ll County, Nebra.sK.a:
<br />
<br />LOT TWO (2), BONNEY SUBDIVISION,
<br />HALL COUNTY, NEBRASKA
<br />
<br />The Intention being to convey hereby in absolute title in fee simple, including all the rights of homestead and.
<br />dower, together with all buildings, fixtures, improvements and appurtenances thereunto belonging; and all of the
<br />foregoing, together with said property are herein referred to as the "Property,"
<br />
<br />FOR THE PURPOSE OF SECURING performance of each agreement and covenant of Trustor herein.contained
<br />and the payment of the principal sum otrWF.NTY-THRFE THOnSANn&NO Dollars ($ ~', 000 00 ),'
<br />as evidenced by a promissory note bearing even date at the rates of interest thereon which mayhereafter:bepaid:
<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 finai payment of principal and interest, if not sooner
<br />paid, shall be due and payable on the de .dayof JU/Ul ,19 '/1
<br />
<br />Trustor and Beneficiary covenant and agree as follows:
<br />
<br />1. Wanantyot TlUe. Truslor is lawfully se.;:6d 01 the PrQperly_lI has gOO(1 right C1r1!.i
<br />lawfyl 8u!I'lOflfy'~ sell a"C! convey the Propsr1y; lha P~QP6r:11S 1'6.. onu (;'....1 of a'l
<br />Hens and encumblances 6lceplllens now of recOfd; i1l"td T'ustor Will warlat'lt and
<br />delend rhe title to the ProperlY unlO lhe Trustee and Its successor5 and assigns
<br />fOfever. agamSllhe claims. 01 sll f'43"f!l{)f!8, T,!.!stCf. at ,ts Cll.psr:SG. wi:! maw;am <<nd
<br />preserve the Uen 01 this Trusl Deed as a hen upon the Trust PfOptHly subject only to
<br />encumbrances extsllng as 01 the date MUlO/, wHl cause lhts Tn..!!;1 Dasa, and each
<br />amendment or 8upplemenllherelo, to be liIea ana l&Corded as a mal1gage of the
<br />Trust Property In such rnar!ller and in SUdl place, and Wilt lake suen olher aellon as
<br />In lhe opiniOn of Trustee may be r&<limed by any pre86nl or future law m orde' 10
<br />>;affecl. malnt&n and protec:l the tien of !hIS lrusl Dea;j, as the same may oe from
<br />Ilm~ It< lime amended or suppfBmenltrd
<br />
<br />2. P~y~nt of Princ:.lpat and lnl.r..t. Trustor Shall punctually pay the principal 01.
<br />and ~nt8l"6S1 on, salo pfOmissory nete 1(\c:iudiOg aoy aO...anCQS UlerelO as prO.iOlOO
<br />herem on the dates and at Ihe .place and in the nl<lllrall prQvIOoo therem and will
<br />~unctuall)' perform aB agreements, condition!> and piQvlSlons 0; an~' OHHH seCllflty
<br />'nstrument given In COtln6c:tIO(\ Wltl'l th,s transaClion
<br />
<br />), Pr...naUon..tKl .btnt.n.nc::. of P'operty, T.uSICl ""Ill nQt <:ommn any waSle
<br />upon lhe Prope;:t)' and wdl, al all limes, maintiun ll1e same Iii good orOe! and
<br />con<:hllOtl arn:f wUl make, flom time 10 !lme, an repam;. renewals, reptacemel<ls.
<br />additions R("ld improvements which are reasonably rl:lQUHeC 10 ple...em w!isle,
<br />Impamlllwt 01 dtilen('lratlCn o! said properly_ No Oll1idl/'lg or ,mprO'iemll/l.t now Of
<br />hereafter &recte<l lJpvn lhe Properly Sl'\ali be dli6reu. removed or demokshe<l
<br />w!lllOut the prIOr ....elllefl con!ie!1t of BenlilliC,;'iI).
<br />
<br />4. o.~ to PropItrty.ln case or any damagE! to. (,: destruction Of, the bl.uldmgs.
<br />'mprov'llnwnts or persona! propeft'f consl,(utJnQ part 01 lhe Trusl P'tO~lty. whet he'
<br />s\Jc:h loss is C;OVo!:lloa, by msural'lce or Qmer-....'s&. fru.slor, a! its SOle cost and
<br />.,j<p&ns.e, w!!! promptly restOfe, repair, f;:tpiai:e ilnd rebuild !tIe same as nearly as
<br />Pfl1ctlcabJs to j;:; e-ont>::IQll ;ll1fTI€G11.11.",. pnor iO suer, l'lilfndQ<l ur oJar:.J'uCHO(l or wrlf!
<br />:!!.UGh Changes and alteralloni'> a:; frustc' may deem appro:.l1iaIFl' p,Qvic!i;<J
<br />changes lind iliteraIIQf1:S dl) "')1 !T!~!"n~H) ~",.,sen \hll yah.H' il'\'J utili!', "I
<br />buildIngs. improvements and j;>e(sorlaltt,. lroo\ It'at ~'dstinc ,nrner;lalsi'l iH'm
<br />&uc~\ damage 01 l.1eslrucHOI1. Trustor sh..H be ~ntH1\}o to 'e,,.,.,t/i!'I;ement horn
<br />Trust" IQ the "':lt~nl of the "'\it in:;';!laflCf;i pr\)C!;.'t<~5 reCi;Hvefj :F{ :.,nll':l<!. bt.;~ <;mly (()
<br />tl'l& "/tle-nt olll\e ..ct"a! sum e,p,,"d-IJd (J(l?er \hl~ WOvJi';;on
<br />
<br />L
<br />
<br />'). Cotponlko If\lslOf". H Tr',9!o~ ,~. a c;otport>pon. .1 ""~! d~l ",I It)Jll!JO: i"-lJt e>'<'>iH)' If}
<br />pr~ftrv'fl.h C01pollte a~I~le"!c.11, ,jQht~ MId p!jVlmjj'~~. ,-,r;de' 110,-' 'cl"'" ," the "\,,,l(; ,-}I
<br />it'il'lc","p-";l'aUon
<br />
<br />fl, In''''f,nc.. Tn,l$\OI, ill .t:J ~~f-i",nH'_ Wi', '''il.i''L~'f1 ..m.
<br />ilItlleHCiary, lntllHIJ"l{;~ ......ph 't!-~il~(~l tu 1ht!
<br />t:on!i~Itl..ifiIlQ lhe Pn}jHHt'i >,i~;j.j,,~r l'f1! I'r'i
<br /><"'rl~I~ oy !lllno.w! al<lcnCiet1
<br />;e,nl Q~. Mi.<~d!&.1 lro'{cl'Ir,,1 61 II'><.
<br />"Ojl;lr\t,r !\.lJ(:1'-, Ofh-ll'l hi/l.(,.vf,!1i _lw:i 1,/,
<br />l'iM t'<f""'fll.!Of~ ,,! ""'T'-H.oH
<br />r>(M6'~~i~" 'f'\i~!M .."oi,
<br />k.";rr< l"~'! 10 '<-M1!r 1;11,h,,,,<!
<br />
<br />
<br />'flspecU...e partie5. AU insurance poHcles mainlaiMd pursuant 10 t/:lis Trost Deed
<br />5nal1 name 1 rustee ano Benellclluy as IMu,ecls, as thelt res~tive inteleSls may
<br />appear, and provIde thai lnere shall b9 no cancellaiion 0' modilicallOn wlltlout
<br />II/teen days pOOl written notl/h:aUon 10 Trustee anCl Bene-ficis_fy. In-the event any
<br />IJVHc) h"ftlUf1(,h,' .$ noi '\'tnuwlKi on or belore fllleen oays prior to Ita 8.piral\on
<br />dale, Trustee 01 BeneHciary may p,ocure_suc:h insurance and the c:o~t thereof shall
<br />l)e added to 1M loon secured by this Trust Deed al'l(i shall bear inierest al tho
<br />greater of the Interest rate specified theretn or the highest interest rate authorized
<br />by the laws of tf1e Stale of Nebraska. Trustor shall deliver to Beneficiary the original
<br />policies 01 insuranCE and renewals thefeof or memo copies 01 such policies and
<br />reOflwals Ihereol. Failure to futniSfl insurance by Tru:stor, Of renewals as required
<br />hereunder shall, al the opUon 01 Beneflclary, constiltJle a default. All- unearned
<br />plemJums are hereby assigned 10 Trustee as addilional secllrl!y and a sale and
<br />conveyance of the Property by the Trustee shall operale to convey 10 the purchaser
<br />the Trustor's int;Hest In <r,<"ld 10 all pol<cies ot msurance upon the Trust Property.
<br />
<br />1 1...5 .nd Asaeum.nts. Tlust9r shaH pOl~' all (axes and sDed~J assessments
<br />h;lv,ed or assessed against or due upon llle Properly bel ore: dehnQuem;y, and "",ll
<br />aelrver to BenefiCiary cop,es of receipls showing paymtrnl or 5\1ch tOl:tC5 and
<br />speclai aS5c$.srnenls. it Befll.lficl&.ry shaH wreQuest, Truslor agrees thai th..nesoall
<br />be ,'laded tQ eaCh peFloolc paymenl r&qulrf}{j to be made hmounaer an amounl
<br />eshmated by Trustee 10 be sulficrenl to enabie Trustor 10 pay, i)~ l~..sl 30 (I",.-s
<br />belore aehnQl.Jency. ail la>;cs, ,'lS~llssm(;rlIS ()' athe' .",OJi" charges a~a,n:;! lhi;
<br />TrUSl f'IQPef!y, the Note secured OJ :"rs Trust Oe",o, 0' upon account 01 lhe d<:lbl 0'-
<br />lhe ijen 01 this Trust Deed, logelhat with ptemlutns tOf inSlJl3nCe t(tQUI'ed 10 he
<br />pr{Jvldad ufldtH 11"115 Trust Deed and no Interesl Shall be parabl", fo Truslor in
<br />tesDE!CI thereoL lIpon demand by Truste.1, Truslor SlEd!! d'ellvil! 10 Twstee slIch
<br />aOIjl\[onal sums 01 money as art' necessary 10 make vp any d~fiClency m 1l"e
<br />,mounts ne<::essary loenable Trtislee to pay ,my 0; !h", 10lt'gOlf':J !!t':ITi';l
<br />
<br />8 Addltlon.l Ll.ua. THJsltlr shaH moillte all payments of ir<teresl <InQ prlnc,pal 6"(1
<br />payments Of any otr.lIr charQe:s, fees, and e~pelHl~5 contrilCI"d 10 be paid 10 -:tn)"
<br />~o:jslmil Hen tloJdeti'l O( pnol benetlcl8fU!S under iHl)' I):lor r',,;st Dee;;;, MongaQt1 l.,r
<br />,)tl"'.er :.iilC,-,rll~' li!;lf€it'tnenl. b>:lfore (ne d<lie the.,- tHe -jaJmquent ilfld 10 Dily 3ny othal
<br />dalm whJct; il"lOPol'dllt'S Ihe s;!'curily cralltsCl ht!reill
<br />
<br />9 ProtectIon of 8en.Uclacy's S.ct..trlty, Sflywld Trl,ist<:" lal1 to
<br />1<l.1! 10 do i,1H)' ;Jet as ~>tlrtl"., prnvid@;j, (H H ant
<br />wni,,;h r'!\afariiilHy <.rf'!>c\s Ben",lic'lar\l';; j(t!~I~st ;<'
<br />l,rl1dv(/ te, 'ltnir;;;n! ;;lom..i,\ i"soi.,-eJ1.cjr, ;;tifilii'OI,-,m"nts 1)1
<br />['!';In~.n...pl or dBCeGtlnl, than 8en\:lficiitTjr 0' rn",_;ll!'t'D'.!
<br />and ;\'itrlOU~ I1I)i,c", (0 f.H <:l~maf\;j uP':'!' l'uf,IOI. and
<br />~"'f ')bH1;l'aliol\ "~H!l'Ul\dl'!l may milll.. 01 lh(> SH""ts. :l"d
<br />(h'~~~1 0; 1,~(.mpH)'"11i.,f' ",",., W-';...J""L'r.."re. (1'-"-,,,11 ('l
<br />",'!l'\ei i4GP{;;ol($ k- iil!e~t S,iiir.l Pr,)pltlrl',_ ,~, ",nliTr~""i,J 'l'\y
<br />." 1',-,~,~
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