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<br />84 -- 004734
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<br />THIS TRUST DEED, made this
<br />be and between:
<br />(A) Stephen R, Speck and
<br />
<br />31st
<br />
<br />oayof
<br />
<br />TRUST DEED
<br />
<br />Auqust
<br />
<br />,19
<br />
<br />84
<br />
<br />Diane M. Speck, Husband and Wife
<br />
<br />, whether one or more, herein-
<br />4030 West Capital Avenue, Grand Island.
<br />
<br />(8)
<br />
<br />after called "Trustor" whose mailing address is
<br />Nebraska 68801
<br />Norwest Bank Grand Island. N,A,
<br />
<br />and
<br />
<br />as "Trustee" whose mailing
<br />and
<br />
<br />addressis 202 l~est Third. Grand Island.Nebraska 68801
<br />(C) Norwest"'Bank Grand Island. N. A,
<br />
<br />as "Beneficiary" whose mailing address Is
<br />
<br />202 West Third, Grand Island, Nebraska 68801
<br />
<br />WITNESSETH: That Trustor, in consideration of One Dollar ($1,00) and other valuable consideration receipt
<br />whereof is hereby acknowiedged, grants, conveys, sells and warrants to Trustee, in trust; with power of sale, the
<br />following described property, situated in Ha 11 County, Nebraska:
<br />
<br />LOT ONE (1), IN BLOCK ONE (1), IN JENKINSON
<br />SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />
<br />The intention being to convey hereby In absolute title in fee simple, including all the rights of homestead and
<br />dower, together with all buildings, fixtures, improvements and appurtenances thereunto belonging; and all of the
<br />foregoing, together with said property are herein referred to as the "Property,"
<br />
<br />FOR THE PURPOSE OF SECURING performance of each agreement and covenant of Trustor herein contained
<br />and the payment of the principai sum of Twenty Fi ve Thousand Dollars ($ 25.000 00 ),
<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 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 27th day of Februarv ,19 85
<br />
<br />Trustor and Beneficiary covenant and agree as follows:
<br />
<br />1 Wllrr.nty 01 Title. "ust!), ,5 tih..fu.iy :<,.,,~,?(.l c' HIe P'of;eny i1 has g.ooo r'ght ano
<br />'awfui autnoll,y to sO'" and conl/ay the Pn)pe'\y ft1e P'opmly '5 lree ano ciear Of all
<br />liens and tHicumOr;lf1CO:>'" e>;cepl "ens no,,", QI H~C\.lld: .'lnd ,ruSlor Will wan ant anO
<br />detenQ the :lIle 10 th& Propell~ urHQ lhtt fruo.le€ aild ,ts Successors and assigns
<br />forever. agaHlsl the claims 01 all :Iarsons Trust0f. <;1 "S expense, ""I! mamtain and
<br />preserve Ih~ hen 01 this Tru::.t Da~d..s ill I'en "pon Ihe T'uSl Proptlrty subjecl only to
<br />encuml:>rances existing as ot tr'l~ date haleDI, ,...ill cause tfl,s Trust Deed, and eacn
<br />amendmant 01 Sllppii;HTlenl 1"ereIO, lOOt' !'Ied ana .ecorded as a mortgage at Ihe
<br />Trust Plc.pcrty In S\.lCt1 ,>,anner ana 1'1 ~vcn r'dce. and ....,11 lah.e such other action as
<br />In the OPinIon 01 Trustee may be reOUlrl'!ct bjl any p,esent 0' future law In order 10
<br />partee., rnamtam ~no prOlac! lne lien 01 In IS Trusl Deec. as tl1e same may oe !rom
<br />lime '0 lime amenCllC n: SUt'P'~fI'lentllG
<br />
<br />2. Payment of Princ:lp.aland Inl.lnl_ TruslC'; shall punctuall)' pay lhe prmcrpal 01,
<br />and mlerest on, SIUO plomrsso{~ f1ot€ <nclu{]iI'g an~ advances thefeto 3S pfOYIClW
<br />herem on !ne Ijates and at the plilCf; and In the marmef plo.'tlerJ tlle:ain and ...lI!
<br />punctually p"errcrm all 3i:jrt'lOmanlS, canOlllons and p,a,-iSlons Gt any cther secullly
<br />instrwmt!l'\! l1,van;n Cc'\rH;:;:ct,,:>n With H'rs llar.S':"Clro'l
<br />
<br />3_ P....arv.Uon and Maintenance 01 Property. r'uSIOI ...lil not con~mrt any waste
<br />\lpon ,he Propcrt~. ilnd ....-=11, at all limes. maintai'l me same II. gooO order and
<br />cOMiHlOn and wili fnal<.e. Iron, Ilme 10 t'me. ai! :epi;l.,rs, renewals. replacerner,IS.
<br />:l.odlllons and 'mplo~ements wllICr-; aie leasonilnly 'equ,rE'd 10 D,e,ent wash!
<br />:mpallmSIlt, or deteriorallOn 01 said property No b..;d(j,nf.l (>f ''flprOvernenl now or
<br />";flfllalH;r elected "pon H'le PrQpe't,. s~.;II: tJe aile reG. 'eo-\o.-",o ('lr demOI'shed
<br />wlthowt tl'le prrol wnt:en consent Qt aenef'C'a~.,.
<br />
<br />.. Oamag. to Prope,rty. In C,1S!) o! <In'f Oarnage 10, 0' ::l\1struC!l0n oi. Ole bulfd!f'gs
<br />mprovemenls 01 pelsonai p,ooerty '~0...su:,-,1Ing ..an o~ ll'Je Trusl PrOPerlY, wn€lhef
<br />SL:Ch !O~;C; IS covered b~ 'tlS,Haf'lt<' wr <,,:l1e'w:stl, "uSlor .I;~ "~ solt\ cosl :lna
<br />ft~lM>nse, will prOlllptly restore_ 'ep!H. 'epia.;:... 3n,j rc-bullC lhe <;.,me <IS nearly ;!.J:>
<br />
<br />~~~~,I'~~~~7o':$.t:r~:':~~~:'(~~'::;~~d~:";::';";Y ,.~, Je('," ~r.struC"OI1 Of Nit"
<br />
<br />changeS and ,uteraliOfls uQ 'lot :1"...1('11<:111, les~t!'\ the
<br />bulldlngs. ImprCI'''lments and p€"s(lflaiil, 110m !f'at
<br />suU' \1am.age or destrucH;m T'l1stur Shall be !lr111!!ed l~,
<br />
<br />~:,~:I~;~ ~ir~e~~~~~~~; ~~~ :~~i~~~~~~~~~~r;o:~~~~~ reu".e,!
<br />
<br />
<br />L
<br />
<br />5. Corporal. THllltOl. I! 1 P),>:(,~ ,~ iI. (:o'PO'<i!''''l I! .....'i
<br />~~"\~~'~~pi~;~~~~orilll;l B~'Sl""-,~,, ',gl1f!, aM.! ~'f-,,\!..(j;';, ""~",, "
<br />
<br />
<br />{I j~.ur.f1e.. !'"SI(>I ,,: ,t" ';~D"""",,'. ,~'I! 'TMI"13lf'
<br />a6r.~hC'3ri' inl>,>lll'lry N"r'\ \(, ll~ r"'l'''.''~'''''';''''''
<br />ca:.nlllih,'m1J :"l' P!('~'H\. 1:", ..,.,
<br />~(J~eret~ h~ ~1"'l'(jilr;J
<br />;611511 '-""f< t->"t>d'('" t)("~!;!,,! HH' f',ii'
<br />ail31":;1 ","';" :~lr'~' r,_VM'1"; Jr,-h_~
<br />.,1 ~"T'''i>' ~..' Fj<",(""
<br />
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<br />respective pafUas. A~i Insurance policies maintamed pursuant to this Trust Deed
<br />snaU name Trustee and 6aoeficiary as insureds, as their respectIVe Inlerests may
<br />appear, and pfovide that thele shall be no cancellation or modilit:;ation wllhout
<br />hftean days prior wrilten nQ\lIic-alion to TruSll~e and 6enefic-lary. 11'1 the event any
<br />Po.lrcy I'lereundef is not renewed an o.r before Bllelln days prior to its expiration
<br />date, Trustee o.r BenefiCiary may procure such insurance am:! the cost thereof shall
<br />be added Ie the loan secured by this Trust Deea ana shalt beat mlerest OIl the
<br />greater o.f lhe interest ra\e 3pec;fied therein o.r the highest Interest rate autl'lorlzed
<br />by the laws 0.1 the State o.f Nebraska. Trustor shall deliver Ie SeMlie-iary the o.rl1;ln.'
<br />Dollcies 01 insufaflCe and rf)new;Jls thereo.f or memo. copieS 0.1 sllch policies: and
<br />renewals IhereoL Faiture to furnish insurance by Trustor, ot renewals as f&qulred
<br />hereunder shall, at tile optlon 0.1 Beneficiary. constitute a delault. All unearned
<br />premIums afe hereby assigned to Trustee as addltioi1il.t security and a sate and
<br />conveyance 01 the Properly by Ihe Tlustee shall operate to convey to the purchaser
<br />Ihe Trustor's Interest In and to. alt policies of insurance upon the Trust PropertY
<br />
<br />? Taxes and Au.esam.nt$, Trustor sllaU pay all taxes and special assessments
<br />ie~ied or assessee against or due upon the Property Oolofe deirnquency. anc will
<br />deliver to Beneficiary caples or leceipts snowing payment 01 su\;h taxas ana
<br />specral assessments. II BeneHclary shall so request, TrustOl ilgrees l~at there shaH
<br />be added 10 €tach periodIC payment tequlred 10 be made hereundef an amounl
<br />eslimated ny Trustee to be sullicrent 10 cnf.lbie Tfustol to pay. at least 30 days
<br />befofe delinquency, all ta~6S, assessments or Clner Public charges againsl the
<br />Tru$t PfOpe1ty, the Nole securea by ~hlS Trysl Deeo, or upon accounl ot the debl or
<br />me lien 01 Ihis Trust Deed. togethar With prerlllWnS for Insurance required 10 be
<br />plo~lded under II"!> Tlusl Deed arid no I'llefest shail be payaPh:: to Trustor III
<br />'ei>p""c( Ih"'lcul. Upon demanQ by Tlustee, Truslor shall dellyer h) Trustee such
<br />".j,J.\ionat sums Ol are neceSsali' ,0 any de!j{;,ency ,n the
<br />
<br />8 Acldltlonal LIens. 11\.1StOl st'alt make all pa~rnents 01 InltHest il.lld princ.ipal and
<br />paynHmts 01 any other chalges, fees, aro~' e~pens.es ~ontract~d 10 b€ paId lC 'ln~
<br />o><lsting :ten holdels or pnor tJenellciaries oJ"der II"Y P';Q{ TnJ:;t Deed, Mo:ig<'\l" or
<br />,llhef sec"",,y agreament. lief ore tile Cd!" they are d<:!;jnqu&"t and 1<J ~d~ <.lny otl'11"?i
<br />t,;llum whl-cn Jeopardlles the s&uray granted herein
<br />
<br />,:/, Protec1loll 01 B.naUelary'fl, SecuIlIy. Shoul" Tr"stOI tal' ~c make .'lony payffie'lt
<br />'::!" '>:> '_10 '="1 'l~ 11""",1" rF,~irlfl,! I" it """ 's ..:ommencoo
<br />blJl nQ!
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