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<br />84 - 006017
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<br />TRUST DEED
<br />
<br />THIS TRUST DEED, made this 5 th day of
<br />be and between:
<br />(A) John T. Welch and Jovce M. Welch
<br />
<br />November
<br />
<br />,19 84
<br />
<br />, whether one or more, herein-
<br />
<br />after called "Trustor" whose mailing address Is
<br />
<br />and
<br />
<br />~
<br />~,
<br />~
<br />Q:!.
<br />~n
<br />,-<>"''''''..
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<br />
<br />(8) Norwest Bank Grand Island. N.A.
<br />
<br />2121 Engleman Road
<br />
<br />~i
<br />
<br />as "Trustee" wltosemalllng
<br />Grand Island. N~hY~skg ana
<br />Thi rei Srrppr, P. O. Box 1(68~Grand Islimd
<br />as "Beneficiary" whose mal1lng address Is
<br />
<br />address Is 202 W. Third St.. P.O. Box 1768.
<br />lei Nor~est Bank Grand Island. N.A.. 202 West
<br />Nebraska 68802
<br />
<br />
<br />WITNESSETH: That Trustor. in consideration of One Dollar ($1.00) and other valuableconslderatlonrecejpt
<br />whereof Is hereby acknowledged, grants, conveys, sells and warrants to Trustee, in trust; wlthpowerofs~",t/'lEl .
<br />following described property, situated In Hall County,Nebraska:'
<br />
<br />Lot One (1) Bishop Heights Second Subdivision, Hall County, Nebraska
<br />
<br />The Intenllon being to convey hereby in absolute title in fee simple, Including all the rights of homestead.an(:i .
<br />dower, together with all buildings, fixtures, Improvements and appurtenances thereunto belonging;andaUoftliE;
<br />foregoing, together with said property are herein referred to as the "Property."
<br />
<br />FOR THE PURPOSE OF SECURING performance of each agreement and covenant of Trustor herein contained
<br />and the payment of the principal sum of.'fEN THOUSAND & No/IOO-- Dollars ($ 10.000.00 l.
<br />as evidenced by a promissory note bearing even date at the rates of interest thereon which mayhereafter:bg:.paltt
<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 Beneficial)< ()rat
<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 Is t day of November. ,19 gQ
<br />
<br />Trustor and Beneficiary covenant and agree as follows:
<br />
<br />W~otTm., l'w~iol'3 iil....f1Ji!~. MJ'l~ol!ne Property 'f r)3lS GOOtJ f'gnf and
<br />li\wtu1lluthonh to sell an\1 C{)n'f1!,y- I/'!~ PrO(lOnV. thV Propert'l 1$ 118$ ana clliar ot all
<br />HSM.rw e!lcumb'.rn:;.~ "'''C~! j'~rl'!!; flOW o;):! !e-,;;om. a~~d r:;.;ator...w Warrar'llllnit
<br />defend: 1"- tit~ III ttt-e PtO(l9i"t,. l,Illk' thlt fn.!$t~ ~ntl Its $\Jccesa\;lts ,.fl(l ...t.g:ns
<br />'rntl'ttef. aQamat the claIms OI.U perSOf\lI. Tt\.J!!Of, at lis e.llpef1:5e. WIll malntam and
<br />pt~ the Ii.'" 01 nus Trusl Deed u. l~" Vl:.'011 11'1$1' rust PrOPt>>1y $vtl~t onty to
<br />...nc~mbtance$ eX1.9111'tQ. as. at tl'Ml dAta t\af~t_ ,.,IIJ ~"U!~ 1~'''.! Tn,!:!! QeeC, ~~d :t~to:
<br />':~:';~.vnt ,l.O ;;ujW<...,.;j..-ti 1.lliirt'tfiu, 1.0 W hiea an" 'tK'OfO'bQ i:.~ ... mo;~go\i. of tful
<br />T!Uc$1 Pm~rl~ ,... ~h.\t.:.t'l m..nner ana III such pf~ce, olno Will 1,;.)II;e ~uch other acfion 85
<br />m the ~"<Qtl Of Try.'_ rr.-y be rftQ~MtHl ~ &1'1)' pfft$$fll 01 'vt'.lte law In order to
<br />~l malntam and PfOttlCf INt l~ QJ '''1'5 TtlJ1U Oeea. .$ 'h8 nme may be hom
<br />li."..le ll~ a~d80 or SlJpp~menl..o
<br />
<br />2 p~ of PrincC:pet.1Id ktNfMl T~~3-It>f shall PUI1;;lu.,ity Oil~ the nrl~tna! 01
<br />aM ~~ht on, S&lCl promlUON !"iot.e "'eiudlng ..:\y ~CVia"~$'!~l!t'O ~3 Pr';;~
<br />~.tn on I~ 0t\tM and iU t~ place anti in lhe- m4\l1t\Qt prOYlded frntrem aOO wit!
<br />OUncru,..R!, ~(lI"M.,..s.l ~~!~, ~~::~ ;,,a P;':;';~"'''i- ,_,; ""''1' t.;~,* ::O",,;;o;\t
<br />';l!l-l"'~;~ ;i-, .i:-uollKllQn ;Iolh !th$ ttit-n&$ctiO/1.
<br />
<br />3 ~fion WtO~.. 0I~. Trustor wHl nOI commit Ar::,- \ltast~
<br />UPOn ~he Pr~w 4lnd w,ii. .t all fi~, m"iOlai-"l the sam@ ~r. 9-e..oo order ~.'d
<br />conc1ttton llrod Will maJUr, from I>!N) 1(> tl~. !l!' ~OIl'f3. ~ef'lew.al$, '8piiit:-Gme:MS.
<br />llddtt~. ano 1ll1pr~ots .ni.cl'l 'He. ft!~'lnat...jy f€tQwrO<;l 10 Vl"ih'Vnt wasl~
<br />"'p;a...rr-dOT.t & detenm-atJOl'! of salQ PII;"pe<t", No D;j1('i]lng O' jfnpfo~m~t no.". ;.
<br />"Ief...tt~ -.recl-ed ,up>.)n lhe P"-r~.rty "'''an oe- "'!ureo~ 'l'l'YH;>.tra 0' i1emoillj!lJ;KI
<br />w*~t.lt the p.!1Qf writ*"- C;:<mMn1 Of BerwtHC!.3f"(
<br />
<br />.J.! ~ tv~, In \:.... ol an,. daffi4g;e 10. O! desIJu<;ltQf'j 01. me t!\Jftdmg$
<br />,~o~~. Q( $)et~al pl~r r.OI"t,.;ltutH\\; patl 01 the r'USI Pl'~rty, \llIt>e-ltwtt
<br />51>(;1). ~ l!'i ~wa b)' In$>lf4r,C~ Cl" O!t\ttrwJS6, 1<tt1;lor. <It 'I!! S(;ie cost and
<br />
<br />~;;~~_::::a~;~E:~~~;':~:~~~~~Y:::f;~:i~:'~~;I~~~~1,2;~:~~
<br />~:;;::" ~~f}I~=: ~~ t~i::.:;~j'L~~:~;, :;.~,s~~:~",:~~~~~~:~ ~,I',j~:'~~
<br />lIiUo;.f! 4<l~ U' ~tfl.lt"llo{l.!'> T.ulOW.' ,rl.,:; (It'; 4t-l1\lrl!:ltj t;) nh'N;-l1'llOdfl'l"fll U('1'11 !h;'!
<br />~~:~~ ~~:=_~::;;: :~t~;~;:;'~!~,~;~:::;;:~;):~~ t\r ;lu!tttffl O\il ~r,!y 10
<br />
<br />$ t.~.__ thftttw.)! f"""~t",-" '! -" c-c"j;~':'<'t~~W.4>, ;~ ""';,; ,;,-, <i' (1""9"
<br />~;'''''f\Itt lh {:~>f~,,'UI. ....''''t..n{:ii!. "\ih1& at',j i-...,~"...."'1t-;li "no",!
<br />,~~ .l"'-';(a~.'ic{>,
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<br />~::: fn;~lw_ ::il~~'::::::::: l:'~; ,;;;;~~::~~;:h~, '_1 ~w~,;~,i':~~..~;:~~~"
<br />
<br />'.'<:}.'"r.tl'l:'Ut>"'lJ t,... __:l,Hlif!$l 'M1'> 1,., "'If: :",,1"'\-''<(1'" .s"" ..,!";:.I "..r.,"
<br />~'(:"...rtlQ w'/' e.~l;>o'~ tV,,,l'Y:Il&<l'..ml Itl),,;jl;' ~'
<br />~$! ;Y'",,:!- ~~'i,.m ~~l tt~ "\>t,+~-..,.-)",,'l "1l\\;J-e ,~-..".",I ~r," m'l-".',t"'d;
<br />
<br />:r:~:~~~:~;::- :::.,~':~,;~~,~;:::;, ::~::::~~~;::~:;,~;,::::~ ::~~'~,;"~!~:':'~'~
<br />\i.,..Of> "-'*... '~'.....It,' !!,. i:'''''1lt''<''w 1", ,<,-".,,1"''''0", .,' '!'~
<br />
<br />f~SP"'CtIV$ p8rt~. All insufenco policies matntained pUfsutnt to thfll, Tru<<t ,Oe4d
<br />shall f1.ame Trustee and Benelictary all ifl~ured.. .6 their respecti'l4 IntOf9sts may
<br />.ppelif. ;;no pravlQo tna' there ariaii be no canC.Uauol'l or modification witf,out
<br />fifteef'l d.ys pftof written- notihcation to Trustee and BeMtlelary. In the frtent .ny
<br />polH;Y hereunder II not rlJnewed on or befOfe ti~ days prtor 10 il1ll e.f)I,.tkJR
<br />dale, Trustee Of 8enefjcl~ may prOCUfElIUCh insurance and the QO$t lhar80f 11\:4"
<br />bi; ~ 10 'in. 10..-0 %ill,!t~ t:y ;hia Trulil DileO aneLmall oatMnt~~ ,At !oM
<br />great.r of tn. IntM.~ rate specif-ted t~ or the t\tgheat InttIJ'Mt I1It. author1i:ad
<br />by the)a'd of the Stat. of Nebraska, Truator ~l deJh'er to 8eMticlaJytbot 0flgtW
<br />poUclM 01 Inaurance and rltn..afe thereot or memo OOpjtJS_of suet\- ,poUt:lee and
<br />r8newal.a thereof. FlIllule to furnish mSUfaoce by Trustor. Of renewala IS 1lHfUlted
<br />hei'eondef shall, at the option of BeneficIary, cOn$titute , defaqu. All uneemed
<br />pf&miums are he<<lby ustgneO to Trust".as addtnoMI H<Wrlly-.od a sate and
<br />conveyance <;If u.. Ptop.eorly by the Trustee aha" operate to convey t-o the purehuet
<br />!no Tfoslor's !t'ltl!offtt in and toa!1 poIletes 01 intuten(;!! upon tNt fro$1 PtopO:rty.
<br />
<br />j f u.. aM AaMNlMft-lf.. TflJ~tOt" s.hall pay all tax&S and 'P~iat Qsessment&
<br />levied Qr ,UMtsM<J avatf\.lil or due upon the Property bef-.:>f8 dehoqueocy, and will
<br />o~!iV8f 10 8~,..:fkoiary (;Opies ot receipts showing payment of such 18;lt8& and
<br />~.al a&$~.$smenfS. If Beneficiary snall.o UtQlJest, 1 rus-tor agrees. that It\ef. $hall
<br />b>e /ilI(]06d to ~ch P4HiOejl(;: payment requited 10 be made ttereun(ler ao amoulH
<br />"-:sHmaled by Tru~nee 10 be llvtiJcient to enabte TnJ::IIOf 10 pay, III leasl 30 days
<br />t>tItore a!;!Jinq\iency. ail taxes, a&sessmenl9 or othet public cMargQS &l;ai!'l.s-{ INlI
<br />Trust F'tOOElf1y. l/'le Nale IWcurtNf t}V ~rlli!l Trust ~a, or upon account of the dtfbl 01
<br />0'0 ~ien oi t~I" r~ust Deed, logtl-lher 0/111111 pU;I!n1ums lor H1SUrarH;'('I reQ\med- tv be
<br />OHwided uOlj~ lhis Tr,Jst Ciri;d and no '"tetesl shall be pay-abte 10 Trustor In
<br />16-spttcl lhe-r&Qt. Upon dem;J;rn1 by Trustee, TrUSler shall deli-Yer to THIstfl 8IJCH
<br />3;1d!Honal sums of montty as ~rll MC$SttafY to make UP an't defi(;:~$flC)' in lhe
<br />"mounls l1e{;ItS1lafY to et'lilble Trustee 10 pay any ollhe lorllgOlng ftftml"i
<br />
<br />6. AdcRtlon-.llJen!!l. Tn;$t.;l; sh.1l mlllke ail payments Qf inltlfe$l ana ptirn:;iplll and
<br />;:l!ymof'll!l; 0-1 al1Y othfi,. cl'ltrQ'tts. leet., *rn1ItJfl}@ns@s COftlrl!dt!d to be ?"I'd 10 .any
<br />~llstll'lf.l Hen hQld8fs or prlo.r beneffciauea under tiny [.mOt l"rl.i~l 0e<<1 Mt:lrtQeQ'8 (It
<br />O!'~r I!:iecur=l'i Ii\i(vemunt. belQl" th~ aatE! thtly are och'1qu-ltnt and 10 ~a., any othtn
<br />,:I,um wtucro ;8Upafdll"n lnl.J iMCUlIl" graolltd ".rei"
<br />
<br />g '~tkw1 of e.n.fieUry'a s.cull1y, ShOUld TtU1ilO!' tllfl \0 rn$.l\e any ~aymflnt
<br />tail to Of:' .n)' il<,'\ as ~r&\" vt\w;~d, or If liln,!, !O(;liOt11J1 p!Ot;'~IiU'g 1$ CO""I~ed
<br />",",",len m.JIltif.aH)' a!feels a-er;~fi(:~at~'lllnt.ftt-lIi In lI\e Propeny, mc.I.,H:!lnQ. tH.>1 !loOt
<br />:;rr"lee to. l3}1HJ'l~fll dQfl1.m, '!'1$O!vttIlC1~ an.ang-ttmtlnts CH pl()(~f\e"'\flQ$ iTlv...,I'O'H'>\il ;!;
<br />t,g;niuUQI \}! Ij'6r.e-d~m-l, IN!', 8tlr'lt\.ht;ll.lfy 01 IH;lltcm WI wHhCi.;l on!iQilllo-n to do s'!),
<br />...I1<j""IUm-ul r;ot,(;I> 10 Ol d"m'HHI upon T'lJil:Of, 01:110 wl!hcut j"i!&l!I:$;j\~ Tr,iSlt);" f'",)111
<br />"""'; ohi1oahQI1 t->"O'HN"de!, f!'liy !l"Ia..." O( dn tho!'! ~~rnt), en,j may ~<'l'r. p""n;n.se
<br />.-t'>(jl~"'t m l"''''4_,I<l.tl'l'''.. '!'''i' ""'C\:"f!!)<~'l~~e. .~!:;:H~ ~~: !,~:r; "''''-K'~ it; 1t:.1'l, l,,,,lqin,a;;,-,. {,I
<br />"Ht~ a~lptl.,r5. f() 11/'e<::1 ".I"'d P'\~(lf:!ft..: In iI\i-~ll-i')I~t!;\.l &'ly 1I",;h 11'_'....(Orl!- !t.t,
<br />Be.,.h-c..:r>,o ::;" t'!.H\H'il- mii)' ,r-.~Vj S"'r 1lat!th,y 4'"';1 ll''''~OIl wh....llh.(!! -iI"'(.'\t-p\~
<br />".;:,,->--,j,"'o ct'-!J.!hl'Wf<lI!"iI$ ,',! rt'~:!-{'''itt'-!~ I/:r_:vn~~ry ~ '~h~:f., ,jIii;,d', ,,; ,I;",.r ~(j,!<,-'f\,11;!
<br />"'''-(;'&h<y' ''''''f 1m t'1..,<-'~l!'l\A"ji ,.,., ('-",erH \";\1 r"i'iE)r i!!"0l" l( (""'Cv'"
<br />"'fI'"f.'-',{.t' " 1;: i'~"'- lil~~.i, J1".J ilI"'~j}-\l;!'J"';<l"'L!! ,), ~;> ",~"'-(> ill"" i.';!.-'U~t;''''l!' "
<br />1-""1." ,~ ''''~U<<!I 0-< ~~,,,,t";',13H(;I-'l'_ t".. 8O"1\l'llj,.,,,,, ...,~V i,i">":-",:tt' ~,"-" !
<br />"~d"-l! 1>1.',0 ~""1rn~\!;, ,1," ~~"-'t> '!',:jynp,! 'I' "">t"',J,,,;j th a~'--'lllt,\".'l{,
<br />.;ti.c;,,',;,.p.,':i'I ...,~t, !,.,~ ;:.."",.~":,,,:;; ,~,! ~""" 7 ,.>;1 Li.....r; ..,'" ""''''>J'tli; r"'''-'Ol-tJi
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