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<br />TRUST DEED
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<br />'84- 004149
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<br />THIS DEED OF TRUST, made and entered into this-6.th-._day of
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<br />Lowell V. Spencer and No.nna M. Spencer,
<br />by and between ll....band and Wifo H..<____ , Trustor, and ;Firs t
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<br />August
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<br />.19~
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<br />American Tit.l e_ .TnAll1".An-C"p. t Trusteet
<br />Company
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<br />and Se"uri ty P"ri fi" Fi,,"n~" Cm::pLll:a.I::ion....-____.__<_<
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<br /><~ Benefidary~
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<br />in
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<br />County ~ iil
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<br />WITNESSETH: That the Trustor do by these presents grant, bargain and ,ell. convey and confirm
<br />unto the Trustee the following described Real Estate including all buildings, improvements, and
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<br />hereafler erected or placed on the real estate, situated in _--Ba1.l.-<__-
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<br />Lot 4, in Block 2 of Gilbert's 2nd Addition to
<br />Property known as: Grand Island, Hall County, Nebraska.
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<br />Filed for Record<___.
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<br />and poss.ession of "~ild premi!tc.s now delivcft:d unw .;;aid Trustee;
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<br />TO HA VE AND TO HOLD the same, with aD righI>, nr' 'gt'S, and
<br />his executors-. admimsu3Wr.s. ht'n~. Jnd aSSIg.n... !orcvcL And the Trustor hereby expressly
<br />unto the Trus.tee aU fight, tide. da!m. interest, benefit. and estate "-hale-ver. in and to
<br />and ever)' pan thereof, whir.:h j.. given by or ;t:5U!tS- from aH i.n~is of the StaT'= of Nebraska
<br />homestead. And the TruMof covenam.; wl!h the Tril\>.ice that he wHl forever \\'an.ant and
<br />'awful claim!> of aU persons \\oomsueve-r.
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<br />IN TRUST HOWEVER, h>f :h" fO"""lllll "e,Gllxtl purpmes: WHEREAS, the Trustor did on
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<br />Promhs.ory Note t--qdc--ncmg d loan for !ht: prin..:!pat amount of $...l09G5--~-oe~~-..~,"-"'-'.~,--,----~-_,_~,.~~,~,~-~
<br />accordiog lO the tt'rUb of "aid Prnmf,,-'S-~1n Nf1't~ ..aH.!: Pn)mi'ifs-ory ;-";t){c ~iHg payable in momhly inslaIlm:enl$,.st
<br />rhe Beneficiary may deMgnale ft\ wBHag from rime !(l- hme, N-otwtthslanding an}' provision contaIned
<br />Promis.sory Note h) the- ('N'lH3fY. If not '~ooner paai, aU :-.unl\ due ;,tnd 0wing under ,the ferm~.of Said Promi$SQfY'
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<br />paid on or belote . _~ll()t9.."<.
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<br />it i~ agft.'1:i1 ~h and bc!wttrt :he p~~H~~ hf."-r~h} [h~! uMd !thng l)f Notke of Default, th~ Trustor shaH: (l) ~y."aH .pr~eil.t
<br />and futur-r- ta\6 and a~~C'~\m('n't.)., gt'neral ~tnd !:,pel,,'i-al. J8~ins! ).aiJ prop~n)' before the.\ioWlc becorne-s: delinQuentor-;a~tiqnal)l'e:;:-,
<br />(2.) keep all impfl)"~menh er~(,i.~-d (Hl {h~ l:.Hh.1 in~ured as may bt, n,'-quired' frumlime to time by beneficiary ag.-ainst loS.s by';fir..~
<br />and other hazards, -':.i.i"uahie:- and (onlm~en;.;i~).~ HI ..w.:h amount<; ~lHd for sl.H,:h pt:riod... as- are. reasonable.and may'l,(',requlrCt,i
<br />by hdtd~l:'lc;ll~. ,J,~'IU iu ..(.~p dB poh\.:it-'" Ul "Ui.:il fn~uf<.lfKe ll\ fOft.:C Of ('fl'e~i upon the pro~ny herein de~riQeq.-.:Qns:mn!lY
<br />a~)igned and deil\'cred ~o h~ih.'fl(hHY, Oi pa~ an..1 ",-nmply \\'l(h ;:tU of the teems. and. ('onditions of .any- li,e~~.,,',cl.~',_~t
<br />indebledn65. thaI ma~ b...' ...COtOi IU <..H lake pr!C'I.'~dcn('t' to ihi, TrU'i-t l)-ccd: a,s ~()on as any such payment. on such .lien,' c~im:'or
<br />indebtedne;o;.s. )haH be-c,)nll.'" due: and tIp-on tJltUft" :.Jt' Tithlur!.o k-eep ally said agreements. beneH<;iiHY may pay. such tax, pay ,for
<br />\uch in!\uraor..:-e or payoff su;.::h i!Cll~ \If claim:!. Of lndt"bledne~s a~ the r",'af\-t: may be. and the, money so expended tog-e-the-r. thereO.n
<br />as pHwided by th~ l~r!1l' ot' the .h'l('meIHloneJ Prolll""", Note, ,hall be ,ecured by this Tru't Deed, and the Trw;tor BiT_
<br />10 repay the satn~ UI'Oll demand, and upon iailme t" do ", Ihe balance 01 th~ attached note ,hall become imm~iBtely due anri
<br />payable at the- option of the 'N;nr.-'~1('fJry; (~) <,pt'i:ilh'aliv (onfr;J Uj)(Jl\ the' rru,')te<." [he: power of salt: as provided in Nebraska taw~
<br />(5) retain pl.)~s<..."i.:,m \,)f the pr\'nH-~t') >CHid (oHe-l...'t lh~ H;fiI'l ,Jl1J r~\t,'nue:. thererroO'L
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<br />Upon paymcm ot .aU Ihe ",urn:>, ",.'C-('ured ~y till" TnHt Deed, the B("n~fidaf) "hall rcqueM lhe Trustee to- rec:qnvey th~
<br />pfopen)' and shaH iurrenoef lOb- 1 ru~! Dl:fd <-tnu ;tH nOlt\ ~\ idt'lh:ing indt"btedoc;'.;!:- ,:--ccured by thh Trust Dec-d.lo the Trustor,
<br />Trustee- \ha.li re\,':Qn~e)' lhc pf-0pen;- ""Hhout '.'\cd.t fall!)- ;,U tht' rer~un ..)1' person~ kgally :;'l1tllled tht'Tl~l.o~ bUl if ddault- be ma4e in
<br />the pa,'mem of said nuu.' or ,H1)' pan lhcre-,Jf or -any \Jt th\" inrefC-,q there,un ),\ ht:n due or in the- f~uthful performao\'c of any or
<br />either ~)r -.aid i\ttff"t"fHerH" ;h af{)H.'''~HJ. 'then the'" hok pf :::.aid rH)[t' ~haH t'!~n\nH? due ami he' paid a:<. hereinafter pnH'idtd. and
<br />lhh u<<d ~han temain in h.)t..:e~ the Tnbh."1:' ~'r hh aaornt:: rna;>> pnl(,.e-t:J to :-.t.H {he: properly in It.. enl.ire(j or in par~eb at the
<br />()ption of the Trustcl' h,"'H'lllbe-r~lre J(,\-dibe-d at pubii.: .Hh:ilon, r"l :Lt: highc..l htJd~r, (('If cash, Ho",'e\t"r. {he J)\)\'.-<r of )ale
<br />herem \',o.nfC'ued upon the Tru"tct: ...hall nt;~ 1:1<: ~\...."f;..:i!',-cJ unitl ! l,i ~ht; rlU,,-lt't: \ha1i tin.t file tor n:~ord, in the offite of the
<br />r~l-\ter nf (keQ\j. of t'ad1: \'OUfUY whr'fi'i.n tnt" rnt...l :)tl'!'i'Fl~ ,It ~;'>nh" ;'"dll nt p:lr~'.,! ,h,,'ff'io ;, ":lfil;-\f.Ni, ~~ no,til'(' 0.1' d...f\~l"h,
<br />ld~fUj{Yinl- the rru~'a?c. by 'it.lt~ng the. flume'). \,\t it\!: 'r rU"IohH f~n-d name,:> th('rt.~ln and gi\ Hlf dll' b()OK and page \\herc- the' )..amc- is
<br />ft'CotdW.,;s dc1i\;'rtphOn (,)1' the tru:;t pfopen~, ~tfh1 ,,:om.:\inin~.'1 '\talenh.~m 1iut ,1 brca.;,:h of an obHgation fOf ,*~w..'h the nU!>-f
<br />prOperty ~a.,'S I.;orp.-(yed- as ..t.,"l,:urjt~' ha'i ut..:;,:\JHt"4.L and "t'Hm~ f",1r1h Ihl' Ill-Hut:: lli ",-h:h t"HI.:'..h.:h and. t~f hi;. d'l\::tIOH to leU Of ,,;i\u;se
<br />Io-'bf: said 'l:u:.:;h P,fn{l(rt)' to ),i."Hi'~I\ 4h~ ,,-.~bh~;UH,Hl~ j!IlJ t~! ~ltt('f the li1p,-,1..' ~lf 11t..H' k~~ (han one rnon-Ih, th(' TnhUC- ,hail give
<br />nOht.."t' or~k as pruvided b>- N~bra'\'k~ iaw~ ..\h~1 nuH(( 01 di.'faull and i~ltht' \Jf nut k.,;" {hall 01lf 11'H"liUh, Ihi;.' l fUSlc(' "hall give
<br />wrlUen U(,Jtti;;e of-the- time 4f.uJ piat:-e nf (,,;;\1(, pan~..:uialh I.it..-,'y,:rlbmg Ihe prH.;x-ny H"i t-h:: \t~!d b:~ pubhr,.Hh'H (if ~\i\'~h n\.HlC~,. nt teasl
<br />1'1,,'(' 11I'4'e'l.. OOCt.a y..tt:k ftir th'c ,;;,")n"'l'\'\~ft\t; '-\i;'('l'!, tht: la~r pubh~liliHHi {,) be i.il lea''>! to da\ ~ but fl-I.H HhHe than 3U day, prh'tf to
<br />tlw ~k~ in ~(JfI~ j\t~'.~p.apCf h.;i\' j;lljt ..t ~>:.Ih::l ,d ~,!~ '"uLlll,~l1 t;'.h h ..:(Hal! \ H\. \<\ h~;.:h dh' ri ~~p{,l i) fa: ,\.ILl In ,,\ill".' p.an ~hl"l'('()L
<br />i~, \ltU;ilcO_ tJ~iJ\ '\d,)\,:h \ak, ihe' l fU-'i.i.('C "h,11l1~\~UJh~ and i..kH... 1,:-;: ~l ...h'C'd '.J-i I.:\'lt!'>'t'j ;\n"-l' ,,\ ill' PI('Pt.~{ n ...nki h,'l th(~ P-UlI.'flihfl
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<br />P\l:~ha,~f\ lhtH'(}~ :And ;tHY ...t~utml.:'m or H''':HJl of l.:lu in ~th_h de-rd m fflallon l.-l ,[1(' t,"\t,'J'l:l-;,(' {fit' ~l~r'''-t'-i oj "ak J.uJ :...ih: \.)t'
<br />t~ P-H,'l.fl(Tty df'i.-\:ttheJ thtf?H~t dK'h,dtn.,- n-;,H,at<, \'m',Lt'1'fHn~ ~iH\ ~nJdm,~ pt-f'i",~f\..ll j<;j,\\-'i~ Mid ;tHt,jh.'.i\liH\ ,\1 ihe n\~\b.,t;
<br />.:.kf.au:li, ;tfly tl\.4i-hu,f ,UH.l the' P-\H",hi-<-i1;,)H ;ti~J p~J')tm~ nl nl~~ii,...~ '>H,d1 h'\',f.-i[ ..hJ.H ,'!,Il\"-lj{Ult'
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<br />tl.,t"fHi<i f~U1' t'\ 1d<fh it <,'} ';;',\h;h ."J~f:;~p~hi4rh:.,t^ ;If\4.t ","..)f;i,;');i'"n ~" c-.-~rJtn~'~'
<br />uf "aJUi' M}>j ,...!1h\J'~i~ f:t{,ti,l",(. rh~ lr"-i.;.lli.,'\'" !;j\"'ed ";;h,.lH \f}'l:(,),,1,(
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