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<br />8~.._i.1(~O~8'r
<br />~.t~P T'ftl6S1° ®~ED
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<br />TNi:i TRUST DEED, made this 1}P.h day of FEBRUARY 19 B2
<br />~angl_lf@L(9. aETZOLDT AND JO A. PET'LOLDT, HUSBAND AND WIFE OF EACH OTHER AND EACH IN HIS AND
<br />ZL HER
<br />~ pt-l~-}~ ,whether one or more, hereim
<br />atterca 8~d " rT ust;`o " w-A ho,Se mailing address is 3111 WEST COLLEGE DRIVE, GRAND LSLAND NE 68801 -
<br />~2g CHEROKEE~GRAND ISLAND. NE 68801 and
<br />(B) ,]OHN A. WOLF ATTORNEY AT LAW,
<br />as "Trustee" whose maifing
<br />addre33IS PO BOX 428, G)tAND ISLAND, NE and
<br />(C) FIRST SAVINGS COMPAN
<br />..5 as "Beneficiary"whose mailing address is
<br />WITIVESSE7H: That Trustor, in consideration of One Dollar ($1.OOj and other valuable consideration receipt
<br />whereof is hereby acknowledged, grants, conveYs, sells and warrants to Trustee, in trust, with power of sale, the
<br />following. described property, situated in HALL County, Nebraska:
<br />LOT SEVEN (7) IN BLOCK FOUR (4), DALE ROUSH SECOND SUBDIVISION
<br />TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The intention being to convey hereby in absolute title in fee simple, including ail the rights of homestead and
<br />dower, together with ail buildings, fixtures, improvements and appurtenances thereunto belonging; and ail. of the
<br />foregoing, togetherwith said property are herein referred to as the "Property."
<br />FOR THE PURPOSE OF SECURING performance of each oaqreement and covenant of Trustor herein contained
<br />and the. payment of the princi ai sum of NINETEEN TItOUSANU SI% i 632 HS*****
<br />as evidenced by a promissory note bearir~~ve i~aa?e a~ roles of in eres~~~~reon which may hereafter be paid
<br />or advanced under the terms of this Trust Dead; both principal sum and interest thereon being payable according
<br />to terms se4 forth in said promissory note, reference t.o which is hereby made, ai the office of 4he Beneficiary or at
<br />sucRother place as the holder may designate ir~ writing, the final payment of principal and interest, if not sooner
<br />paid, sha61 be due and payable on the '~'~/ ;~__day of FEBRUARY 19 94
<br />Trustor and Beneficiary covenant and agree as follows:
<br />t. WeRarrty W TI1N. Tru9lor is tew}uily sei2ee D.. the Property: it nos good rigni and
<br />tawfu! eulhdrltY.to Satl and.convaY the Property; the Property Is free antl Clear o! ail
<br />11an9 an00(iCUrnllraR<8S ekGOpi lions now of rBdgrtl; antl TYUStg1 wdt Warrdnt end
<br />0etentilhefitieto the Prop®r1Y un:a the TrusIee and t(s successors an0 assigns
<br />fDreYar, 8geinat Ina CY8im4 Of ate peraon$. TrySinr, di V(9 a%pen9e, wall mdlntain and
<br />preserve the lien Of this Tnut i)eed esa lien uDOn me Tru9! PriapertY subl¢Ct only to
<br />BnCUmpratlceS.9%ISting a9 of the Cnte hereof, wit! cause Ibis 7rust.0eee, antl each
<br />(r~ttNrent o<suppiemeht Thereto, to Ue filed ono regordad as a maieaga of rim
<br />Trust Property in such manner end in such place, and Wail take sorb other action d3
<br />in. the oDinian OS Trustee may be reGuiritd by any present or future !aw in Order t0
<br />pmtept, (rretnliin dnd prDtact CRB ifen.Pf this Tru31 Reap, as :ha Sdme may bw tram
<br />timQ yplirne:amerWatl tx supplemented
<br />2. Peymantoi Pdncipai erafintuaaL Trustor shalt Punctually Pay the Principal ot,
<br />and.lntxasI oq saitl. promissory Hate Including any advances thereto xs provlCad
<br />hefain on [hq tleteS:anp ai Ina place na in the mann¢: provided tnere:n ana wit?
<br />vunCluailY.Peilotm.611 agreements, conditions ana Rravisione of any other 30punty
<br />:n strumvnt gi+ren.IP connap{Ian with tRis transaction.
<br />3: Dv~aaryatba aM.MNntwanq M Property, Trustor -xill Hat commit any waat8
<br />upon IM Property .and wiiV, at ati times, maintain Ine sam¢ ;n good ord¢r antl
<br />C(iRdi[.DR 8M wru make, from time to rime, al! repaUS, ra.^.ewals. replate.mems,
<br />dddttions And improrement5 WRiCn dfe raaSOnebly rOqulred (n prevent wd5t8,
<br />imp8.ftmeht, Ord0tarlOration of sak! property. NP nuifaing Or improvement rrow or
<br />hargafter erpelad upon the ProDarty shalt be ailared, removed Gr C¢moll5had
<br />wi",RWUt ilia prig wviNeheonsant of 1lenefiCiary.
<br />~. Detpaya in-PrDDertY..m ii!@ 01 any aemag0 oar 089trudi:on o , the i,uiid+ng5,
<br />irdD'bramonh Of peroDnal pra:ter;y Co 9,..irling pd't GY Ine T'u3t P CP¢rtY. WFWIhd!
<br />wGh bga is Caverea by inwranca ar OCnorw;s8, 7ruator_ at H, s Ost and
<br />e%partw p~0.'RDS`i y25t n:8, ;cp~e-- reGlaLa and «~da tna same as ~aa::y a
<br />DraatiCabro toItawnatcton;mmeaWt yprlOr to such Carnage 0r tles(n:ciiun or wltn
<br />RUCK <hariges ana eftelati0ns a Ustn: mdk de¢.- dpproprtdl8 providwa such
<br />Changes and 84Y9titWrts d4 not mdt.9!iiliY 18sa8n tr>e value and utility Di sUCR
<br />lafiidtrljf.9, Gnpt2YVlimBnie ettd parsonatUy from that Bx~stlilg tmmpolatety prier to
<br />duth dttmaga nr iyasitu0f}on. TR:StOr she?i Os entitled tO +atrtWUrsenient irnm the
<br />TNateb tP t{IB a%1ar1i Pf i1ro rtet inaVranca D:tteed4 TC9ivCa by Truste@.. PUf Pn!y't0
<br />t1M b%TOnY Pd tttaatluai a;,m Bxtiendtla u+aa.' mis prcyisint:.
<br />4.. '>^.prpdtlte Ttttetnn. tt TiWlcf !,. a 4 Lt aJnn, ~t d!` thanC naCe35ary :n
<br />p<eSa-rn hs eartuirdta n ytmxe. r4,d v._, ~<G^`u _~. w.aws :the stater ~!
<br />... n~OapOra;.,...
<br />7t•TR.' n. r a a ~ ~. .. :. pr4H.inrtl.
<br />h!a << -
<br />,.
<br />espeCbv0 parties. All ~nsuranca DUllciea mamtairied pvrauan( to tnls Trust Dead
<br />steal; name Trustee and Beneficiary as insureds, as their respective interests may
<br />appea and provide i/~,at mare Snail ben celialior. o modification without
<br />fitteenr tlays prier wr:1t¢n notifigdtlgn to T(USIaq and Beneficiary, In Itw event any
<br />-ni+Cy her8unaer iS not renewed on or before lifleen tldys prior l0 its expiration
<br />tlata. Trustee or Benatlciary may p[ocure such insurance antl tn¢ gust :hereof snail
<br />be aatle0 to tna loan secures by this Trust peed antl shall body r.,.arasl. at tna
<br />gieatbs a!the lnlOrosi raIe sp¢cffiatl therein or the hignesl interest rat¢ aulhorixed
<br />by the laws U}ih85lele0t NebraSke.T atbr snail deliver to BanellCidry lha Ofiginel
<br />ROiicies Ot in5uranGO dnd r0n0wafs mereol or memo Copies O! 3uGh policies antl
<br />newels tnat8ol. Fai;um to }urnisn insurance by Trustor, Or fronewals as required
<br />.. under 3nali, at the Option Gt BanehCiary, Consul Uta a default. Ali unearned
<br />premiums are hereby assigned tq Trusted as addlti0rial security and a sale and
<br />veyanc0 Cf the Proi%0rty' by .tie Trustee sna~i operate tc Conv¢y 10 the purGnas¢r
<br />iM1¢TrUSiOt's inler¢St In ana tq all pGliG" sqi in5uranCC UpG.^Sne T~~52 Property.
<br />?. 7axas and AdeeaemMla. T!U5tOr snail pay ail !a%¢5 and ap¢Ciai a53a55mania
<br />vied O 39SeSSSeS1 dgalnsl or due upon ttvs Property be{ore delinquency, a will
<br />aahrer fo Berlefigiary Cupids O ecerDt9 snowing Rayment o ucn taxes and
<br />6peCidi a9ae55men15. I(Banet{Clary Shan SL regUOSt, Tlu$tOr agr0ee lhet Ihara snail
<br />oz adaeC to each pertodic paymsn: rcgv:rW :G 0¢ made Hereunder a unt
<br />estimdted by TfUStae td Oa Sufficient Ip BnAbia Trnitq( tU pay, a aflst 30 iday9
<br />Uetor¢ delirtq Uen<y. all Saxes, a se55meni3 or other public Chagos aga:nsl the
<br />Tru S! ProD¢fiy, the Note sCCUrtld by'hi5 Trust th¢E, Or'+UOn BctOU.^t GI Ina d?b[ pr
<br />the 1'ren 01 this Trust ~eeC, together wim premiums fqr n •equ:reC to be
<br />Ov:ped vntler thie T(Vat Fleatl en0 n in'Hfa SF 3^dt( C¢Spayactle IO 'f.iS1Ur In
<br />rlespeCt inb!@Ut. U`/Un tlefn8nd by Trust Be. '. uatnr Knali del•v0i !U Tiu3ta¢ SUCK
<br />additional sums cr m - -~ r.e - y r, ,.,...
<br />amounts nee0asary to unable . ruste0lt psy dny 0 the a egbins *.e
<br />B. kdaltlar8f Y.tERe. Tru31Gr s'1ai' Tdk0 a:' paYrn¢"!. ! 5.51 a, d pnrCrpol and
<br />pdyrnenlS Cf any Gihnr Chdfgda, 10¢5, antl e%pCn5e5 CgntiaCted i2 ba Daid 10 any
<br />ozistirig Hen holders Or prior bantlficianes under any pdpr Trust QaeQ Martgaea O
<br />Ocher security agre0ment, before tna data they arc d0! ,nqu0ni antl 10 pay any o!hSz
<br />uta}rn which JeOPetdfxas 2110 security grantee h¢reitt
<br />9 Protadtbn pt Benelklary a Sseuvlty. $nGU~d inisigi !ail IO
<br />fgf: t0 d0 any act 83 hd rain Diovidatl, nr'f any aC1iCn - C wiling p en<6()
<br />wnlCh mat8r9alip aflegls pene~nelary'S ingest In try PrODOrty, In<tu Ciag. h„t nn
<br />;mitod i n.inan! dOma.r., InaO;voncy a or p~oC•iedi U
<br />ankii;pi x, the B¢naiic ery o eh b, w ob.'ga
<br />and wlb^eo 'igh49 [O Or d¢rnl id uD(:n ~ruybrstaTtl 2hD t re!pa31 V '910' .r
<br />ObligafiOn n ,.r tlC (na s e, d~iC rvi
<br />v k a , ay ~ ass.
<br />':'1f¢ar<?"mpr+-"',. y _~,.in~e !-gc :- w+::`,. ., nnr~",t
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