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<br />THIS TRUST DEED, made this
<br />beandbetw'een:
<br />(A) BriRncHrottNorton
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<br />day of
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<br />TRUST DEED'
<br />
<br />nr"t'nn~,..-
<br />
<br />
<br />16Th
<br />
<br />r
<br />
<br />atter called"Trustor"whose mailing address Is
<br />
<br />(B)
<br />
<br />(C)
<br />
<br />84-
<br />
<br />005546~
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<br />-',,"
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<br />WITNESSETH: That Trustor, in consideration of One Dollar ($1;OO)and()thervaluabl~c~sld~i
<br />whereof Is hereby acknowledged, grants, conveys, sells and warrants.to Trustee;lntrust;cwl~hflOW8f'~F<., ,
<br />following described property, situated in Hall County;~> "~c.
<br />"-.,">,,:~
<br />
<br />
<br />LOT NINETEEN (19) WARREN SUBDIVISION. AN ADDITION
<br />TO THE CITY OF GRAND ISLAND. HALL COUNTY. NEBRASKA
<br />
<br />The Intention being to convey hereby In absolute title In fee simple, Including all the rights of homestead and
<br />dower, together with all buildings, fixtures, Improvements and appurtenances thereunto belonging; and all oftM
<br />foregoing, together with said property are herein referred to as the "Property."
<br />
<br />FOR THE PURPOSE OF SECURING performance of each agreement and covenant of Trustor herein contained
<br />and the payment of the principal sum of FTF'1'F.F.N '1'HOTTSANTl & No-~ollars ($ 1 ~ 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 16th day of ADril ,19 1<4
<br />and all renewals and extensions thereof
<br />Trustor and Benef!!.il"l!y covenant and agree as follows:
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<br />L
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<br />t. W.....my oi Tiu... Trustor is i..tully "IZed of ihe Property; it halS good right ..no
<br />lawful authotlty to san and <:onfty the Property; the Pro~rty i, tree and clear ot all
<br />liens and encumbrances .xcoot liens now of record; and Ttu810r will wanant and
<br />defend the Utle to the Property unto the TnJ$tee and its. SUCC8SS0r5 and assigns
<br />fOflWef, against the ctalme. ot II" persons. Trustor. at it.s expense, will malnt.in and
<br />Preserve the lien 01 this Trust Deed as alien upOn the TruSI Property subject only to
<br />encumbfances exlslino as of the date heteQf, will cause this Trust Deed, and each
<br />amendment or aupptement thereto, to be tiled and recorded as a mortgage of the
<br />Tr"'_-et ~!n.~ ::=:'l:;:::ond in such Dl~ii. ii,,d..ill ~~ ",i,iet; {i;:-....l!~U(lf"! iijl
<br />In ttM optnkln of TlUs'" may be fequired by any present or future law in order 10
<br />.Pef1ect, maintain and protoct the lien 01 this Trust Deed, as the ume may be from
<br />lItnft to time amended: or supplemented.
<br />2.. """'01 Pdnl:Ip;tland 1.....1. TrUS10r shall punctually p.ay the principal of,
<br />and ktterest on, .sald promiaaory note including any advances therelo- as provided
<br />her9ln on -the dates and at the place and in the manner provided therein and will
<br />PUnctually pedonn aU agreements, condlttons and proviaions of any other security
<br />instfutnel\t gh'en in connection with this lransactioo.
<br />3. PnMlenaUan and ........ of Pfaperty, Trustor will not commit any wasle
<br />upon thl- PrOJ*tY and wUl, at all Umes. mainlain thtt same In good order and
<br />COftd.lUon and win meke, f~om time to lime, all repairs. renew.I~, replacements,
<br />addiUone and ImprOV'&fnenla whiCh are rNaonably required to prevent waste.
<br />impairment. or ~IOt1;tion of said proper1y, No building or improvement now or
<br />__her $feellld upon the Pmperty shall be altered, removed or demolished
<br />withovt the priOr w~U.. consent of Bene!1clary.
<br />4. 0--.. to~. In case of any damage to, Of destruction ot, the buCdlngs,
<br />I~S-ot peteohal property c.ons-muting part of the Trust Property, whether
<br />such losa II- cQ>#8ftd by insuran~ or otherw~. Trustor, at Its sole cost and
<br />expense, will promptly nt.store. repair, replace and rebuild the same as nearly as
<br />prar;t~bte 10 Its eondltlon Immediately prior to such damage tlf ditstruction or with
<br />such. c~ 8M fllt$ratk>fls as Tt1.r~tQ!" "'11)' deem appmptl;:te p:ovidGd such
<br />cllange& and all.ations do not materially lessen Ihe valufl and utility 01 such
<br />bulldinQ$, improvements and perSOl\aaty !rom that existing immediately ~rior 10
<br />SUCh ~ or a.truellon. Tru.lor shall b& tJnutled to reimbursemenl hom lhe
<br />Truel.. to the. .xtent of lhe n.linsur"~ proceeds recetved by Trust", bul only 10
<br />the..t~t of the actual sum exponded under this provision.
<br />S. Cofpoq:.. T,..taf, If Tm.lor 15 . corpQ(lltion, it will do all thing!! necessary 10
<br />Pf8Mnl& ita corpQIate el\iatenee. righta and privilegeJ under the laws ollh11 slate 01
<br />its~.Uon,
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<br />8. I~ Tru"or, at U~ expense, Wltl ~Intain with insurOts approved by
<br />een.tlc~, Ina..,.IlC..,. with r..~t to 1M imptOY9ff\$nl$ and p6rsonal pro~rt)',
<br />c~tituung U~ Proporly against 1at.8 by fire, lightning, tamado, at1(l other P')111S
<br />covered by .t~ e-lt18fldtQ t-oV8faQe endor..ment.. in et) amount ltQual to al
<br />..ut 00$ l'tiirldr.a petcent 01 the full replacement ......11,1. thereof: and Insutanct;
<br />ageJnll ,uch 01~ htol.rdl .ndin au(:.h amwnl.u is c:uslom-aU\ly Ca,frll:ld-by ownlN$
<br />and optiatOf& 01 simUar PIQj)GrU.. .amj as a.neticl.t'f may feq\llre fOI ll~
<br />~1ectlOn_ TI'U&l-Qt will comply with such ("t~t requlr.menlS '}So 8ltMIk:iary may
<br />f<<)l'ft tk1\a to tt~ roq~.t 10' In. protectIOn by mlutance, of the \n:Ernl$1 01 tho!
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<br />fespeci,Y-6 parties. AIIli\5iJranCa policies rr.aiilia.lrred pursuant to tnt$, Tn.ist Dead
<br />shall name Trustee and Beneficiary as InauredS, as Iheif tespectiYe lnleireats may
<br />appear, and provide that tMre shall be no cancellation or modiflcatton wt!.hOut
<br />IIfteen days prior written notitlcaUon to Trustee and Benehclary. In the event any
<br />polley hereunder is not renewed on or before fifteen days prior to Its expiraUon
<br />date, Trustee or BenefiCiary may procure such insurance and tho cost thet"toI shall
<br />be atktfMI 10 the loen secured by thle Trust Deed and shall bet:r intareat a' ~
<br />greater of the Int.,.t rate specified lher-'n or the highest interest ,.te autnoriUd
<br />tly Hi';; I",w~ (if t~ Stat. of N$br.a6I,,", Tr~@tQl p.."\fIl! o.ll'>;tW" lQ 8&f\tlfIc1ftry the Oflglna~
<br />policies of Insuranc. and renewals thet'eot Of memo caple' of such POlICies and
<br />renewals thereof. Failure to furnish insurance by Trustor, or renewals as required
<br />hereunder shall, at the option 01 Beneficiary, constitute. detault. All unearned
<br />premiums a.re hereby assigned to Trustee as *<idlUonal security end a sate and
<br />conveyance 01 thtJ Property by the TrU3tee Shall operate to convey to lhe putChasef
<br />the Trustor's interest in and to all policies of insurance upon the Trust Property.
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<br />7, T.... and A....amtnl$.. Trustor shall pay all tUelS imd special asses5m&nls
<br />levied or assessed agalmlt Qr due upon the Property before delinquency, and wlll
<br />deliver to Beneficiary copies of receipts showing payment 01 such taxes and
<br />special asseumenls.!f Beneficiary shall so reQuest. Trustor agrees that ther. shall
<br />be Oldded to each periodiC payment required to be made hereunder ail amoun!
<br />estimated by Tfustee to be sufficient to eMble Trustor to pay. al leOlsl 30 days
<br />before delinquency, all lalles, assessments Of other public charges against the
<br />Trust Property, the Notl'l secured by !hls Trust Deed, or upon a.ccount of the debt or
<br />the lien 01 this Trust Deed, together with pfemiums lor IOsorance req\!ited 10 be
<br />provided under lhis Trust Deed aO(t no interest shall be payable to Trustor in
<br />respect ther901. Upon demand. by Trustee, TrustOf shall deliver to Trustee such
<br />additional sums 01 money as are nace:i.sary to make up any defiCIency m ttle
<br />amounts necessary to enable Trust" to pay any of the foregoing Hems .
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<br />8. AddItional u.n., TrustOf shall make all payment~ of Interest and principal and
<br />payments 01 any olher Che.rgu, ,"S, and expenses contracled to be paid to any
<br />existing lien hold81'S or prIor banellclaries under any prior Tru51 Deed, Mortgage or
<br />other security agreement, before the date they are delinquent and to pay any other
<br />claim which jeOpardizes the security granted herein.
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<br />9. Pm_tlon ot BeM'lclary'. s.curUy. Should TrlJ!StOl' fail 10 make any payment,
<br />fall 10 do any act as herein provided, or Ilsny action or proceeding Is commenced
<br />which materially ..f1eela Beneficiary's !nletesl In the Property, Including, but not
<br />limited to, eminenl domain, insolvency, lluangemanla or proceedings invol...ing a
<br />bankrupt or dec.ctent, Ihen Beneficiary or Trustee but wlthoul obllgatlon to do ao.
<br />and without notice 10 or demand upon Trustor, and wllhQut releasing Truslor from
<br />any obllgallon helQunder, may make or do tn9 same, and may pay, purclla&e,
<br />coollffit or comproml$$ any encumbrance, charge or Ilen, which In1ho judgement (If
<br />:lUbel appears to atlsct said ?ropefty; In ex(uCittlng allY such paw8fS !tIe
<br />BeneUciary Of trustee may Incur any liability and expend 'Nhalever amounts,
<br />HlcludinQ dlsbuf!;enlunla of !88S0nu.ble .tlorney's, foes. whWh 111 their absolute
<br />dlscrelian, may be necessary. 'n [he event Iha~ _ Trustor snail 1a.1I Il1 pfOCU!e
<br />inSUfanCl;t ot to pay h\lleS, and &~ial aS$lessments Of ro il1_"-ti Itll!, paylllet1fS 10
<br />fUmltlng Or prior liel1 nolders Qr l>$ratflci,uies, The gene1i"tAry may p'oture suerl
<br />Hl$I.llanc& ana makt! such payrn6ntli. All sums lni:urroo (N tl~!Wf\ded by O!JI\&tlclary
<br />vi Tru~t96 ill .CCOfaance with IMe provlSlol16 at Ihlli. Tlust OHd ate ""eev/eu h8r~b)'
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