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TRt1ST DEED $2°~)~t~5~3~
<br />THiS TRUST DEED, made this 3r~ day of FEBRUARY , t9 Z32 ,
<br />be`and between;
<br />(~~ ~$`f1GENi: E S51P1~NilG APSD i+IARY F 4jGRNICF,,a 1:i1iSRAi3tl GTTT~ LiTF~ (1FF,6'('jj ()T~7R AT`T~
<br />7=4CH IN HIS Atti'D HER OWT3 RIGHT ,whether one or more, heretn-
<br />after palled "TrustoP"whose mailing address is RR 1 WOOD RIVER NE 6888
<br />_ and
<br />tg) J'OTTT3 r'1 WOTiF ATTORr3EY AT T AMY,
<br />_ as "Trustee" whose mailing
<br />adt'~~g~R~T ' PO BOXCO28ANY,~GRANDLISLAi1D~ NE8802 and
<br />(C),, R
<br />as "Beneficiary" whose mailing address is
<br />PO B0~ lj GRAND ISLATSD, NE 68802
<br />WITNESSETH: That Trustor, in consideration of One Dollar ($1.00) and other valuable consideration receipt
<br />whereof is hereby acknowledged, grants, conveys, sails and warrants to Trustee, in trust, with power of sale, the
<br />fbtiowing described property, situated in HALL County, Nebraska:
<br />THE WEST HALF OF THE SOUTHEAST ~Uiu2TER (W~SE4) OF SECTION TWELVE (12)
<br />TOWi3SHIP NINE (9) NORTH, RANGE TWELVE (12} W~,ST OF TFi'r; 6TH P.id., HALL
<br />CO.. T3E
<br />I
<br />l~
<br />The: intention being to convey hereby in absolute title in fee simple, including all the rights of homestead and
<br />dower, together with ail buildings, fixtures, improvements and appurtenances thereunto belonging; and alt of the
<br />foregoing, togetherwith said property are herein referred to as the "Property."
<br />FOR THE Pt1RPOSE OF SECIJRiNG performance of each a~reement and covenant of Trustor herein contained
<br />and the payment of the principal sum of Oi3ir ?1TJNDRED FGR THREFD~~~TJD~~, --k ~ ~ r...x->s~;;-x;>=~xz x~x~:
<br />as avidenced'by a promissory note bearing ev n a e h'e ~ 1 ~~ePIA~h'n id~~Y~r~y hereafter b® paid
<br />or advanced under the terms of this Trust Deed; both principal sum and interest thereon being payable according
<br />to termsset 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; shaft be due and payable on the 3rd day of FEBRUARY , 19 84
<br />Trustor and Beneficiary covenant and agree as follows:
<br />t.:Wenanly of 71tN. True;or.lsaar+rw(y seized ot.tne Property: ii nasgood right and
<br />bWtil:authtyrdy tb.set! and conrey:6tyProperty; Ina Proparry ie free er+d clear of 917
<br />tgnc aIM encumbranpea accept liens:rww, at record; and Trustor wutwuran[ and
<br />Wimtl..tha tltW tothe PrPPerty until The Trupi6e and its succasso+saM assigns
<br />aonlwsr:aqa Wt ine clalma of all. persona. Trustor, al its ezpenaQ will malnieinanO
<br />prMerre the lien o1 this Truat:Deea as a Ilan upon the Trust Property subject only to
<br />LnCYrllhrala:ea ex{Stmp 8a Of the gate hctco{, will CSUSe this Trust Deed, and eecn
<br />amer!Pment or supplement itytefo, Lobe Nleo arM recordetl as a mortgage of [ne
<br />TrpatPmMrtY in sucry mehner arW InsuPR place+andwHl take aucnoiher ac11on88
<br />in the opinion of Trustee may be. required oY any Present or future law in Omar to
<br />pulact ma!ntUn anOPWlact the lien o{ this Trn51 Deetl, es the same may be item
<br />lirt~.tdtlhyarnergad a suPPlemanenP.
<br />2 M)ITMI of Pr4rciptll Mtl IMUaat. Trusfor shall pYrwtuaily pay the prlnWpa( ol,
<br />IuM:intHgt on, said ptomissary[gte.InOtutling. any 8dvancee lneralo aaproNd8O
<br />herein on ine dates antl at :he place and inlhe manner INOVitled InerBin and will
<br />punt{w1N Pen^+m all aYreemenis, cormitlona andgrovisions of any Diner security
<br />irt>irurnent given In co.~nectlon w:trythis iraneaCibn.
<br />3. PraaarraLOrt anC Maln4tlaaaa af: BrapKly. Trustor will not commit arty. wa8te
<br />upon tM Pmpany ar,d vin. nt. all t1m99, malntatn Irra'tarr+a to pgod brder ano
<br />cOndrtron aIW wO1 make, from time to Ilene, ell. repairs, reeewals, replacements,
<br />addirlrr..s arc imPrgvernehts wNOna[a reasonably requirrb to p+avant waste,
<br />impalrmen:, or detOrlOCaiibn of saltl: properly. NO bufbing a imprgvemant rqw or
<br />Hera¢Ite+ a acted. upoo. the ProDagY melt tie,. alyred,. rarnovad a tlemdiahed
<br />witnout f ne proT written sonsept o3 Banaflciery_
<br />•. Damage to r'r4ixrtY. in cacao{. any Carryga te, u. tivotru.::,r::,t, A Cu.{'w'::+i1s.
<br />!morowmert> a parspnal Wopa'iy Cwufiluting part of the Truai PrppertY. wnethar
<br />ucH la>y is ~OrNed bY_ iltSYtdn<e Or Oiharw{ae, TNatpr, at Ili sole 005! and
<br />axpenx, will promptly re8ior0. tapatr, replace and raDuitd tntl sanre as nearly as
<br />praLncatze IU Its condition immedtalelyPriQ(SO S3OhdiYtutge ortltlStn+G(ion w with
<br />ucn changes end allaretin,ng as Truster may deem eppropnflte provided SuOH
<br />changes a allererlons dd not material;y IesYeex the value antl utility Pf 8ucn
<br />bv'ridinga, ImprovnmenM and p6rsonallty /tom chat exislnrg imrnedietaly prior Io
<br />sucn Damage Jr ~tlsnv,tlon. TlYSIO[ ahatt be ontitlad to relmbursomem nom the
<br />Tm>lae io the extent o' try natimYranga proCeeda rKeived by Trustse. l>ut only to
<br />fHP e'lanl pt!tra actual sumexpenthd under this prov{s16n.
<br />$. I.aponta Tnblor. wt Tr WiOr 4 a LUfPOfdlbn, It will dO ePd !nlrtgs necessary 16
<br />xre---errs .~s - etc,..i-;ta~,ta,+fphxsa.W WlvnegRa untler ttre Wws at lhastatao?
<br />t.e m...-Jr~ral Uf~~r
<br />B. Ir ~Sior. al ty expanse, wFli mamta:n wllH un approved DY
<br />klar.n~rla I wiM respect t0 Iha trrrp+OvBmen's and persona{ prupnrty,
<br />-r~Ntd I G M1. ei!-/ agaih0.41Oa4 by iha, ilghlntAq, tWnada, and UNe' per+,S
<br />__ ~_,~ ry - _~ ~+d~J cow.age endorse. .,,, t, in. si smovnl eOUa! to
<br />Y~v-irrr, „nrapiecnme^t ai a nsa*+wf, r7 I surx•roa
<br />a~3 ~3+if, aeSh ampa>It d3 U .LalOmdY'.-k Uartle];,Y nwnMn
<br />.Pe v~.es eat a> Ben !,'a,y nak eq,t,m o!
<br />Nrmr is r'' .. ~r ry vvlin AUGH. ±IHe+ "af~v ems 1& as gafyt+r,.iYy rr
<br />. ,. eaten r.~e u tree xwac.ur~ t,. >nt.o ^s:e of xa rnlerna, at .nk
<br />respective partbs. alt Insurance policies rtralntalned pursuant to this Trust Oeatl
<br />snail name TrusIee antl BBnefiCiary as ?nsurads, as matt respective interests may
<br />appear, an6 provide Nei there snail be no cancallatlon or moditicalion witrrouf
<br />ftttebn Days prior written notlliCallon to Trustee end Benefipiary. In tneevent any
<br />policy hereurWer is not renewed on or Oeiofe. fliteen tlays D[lor to its expiration
<br />date, Trusiea or 8anatfeierymay procure such insurance antl the cost SHereof snail
<br />Oe addtld [o the loan scoured Ay tnis Trust Ceetl antl snail bear interest at the
<br />greater at try interest rate apepified (herein or Iha higne5t interest late autnoraed
<br />OY [ne caws Ot ine Stela o1N8Draska, Trustor shell Celiver to Beneticfary the original
<br />pOlkkes of insurance antl renewals thareo! or momo copies of sucn pol~ciesaluf
<br />renewals !hereof. Failure to lulnisn irtsurance by Trustor, or renewals as req::~ w
<br />hereuntlar shall, at Yro option at Benelfciary, constitute a dntau!!. Ah unearned
<br />premiums era hlmbp assigned to T!vstea as additionA? secur{ty dnd a sale antl
<br />Comreyance of Lne Property oy Ina Truslse shall operate to donv'ey t6 the purchaser
<br />Ina Trustor's Inta[est inarM to all policies o{ lnSUraI1OO upon the Trust Property.
<br />7. Taiaa and Afsaaarrynlt. Trustor shall DaY ell to%es antl special dS5aa5manta
<br />levied Or essessetl against a due upon the Property trelore OOlinquancy, and wilt
<br />deliver to Beneficiary wpys of reCeipls snowing payment o1.3uCh la%es acrd
<br />spacialassese~manta ItBenetlc'iary shell aorequeat; Trustor apiees that ihero shay
<br />be atldeo to eacH periodic payment required to Oe maOe n vntler a vnY
<br />estimated by Trustee !o De sutriciant to enable Trustor to pay, at leas[ 3C days
<br />before da9inquenCy, x11 !axes. assessmenSS Or olHe: pusftc c:+arpas. against Ina
<br />Try4t Property, Lna Nota saqurad by :Ris Trust Deed, ar upon account of Ne tlabt er
<br />the lien of this Trust Dead, together wltH Premiums .o insurance requirtld 1p pe
<br />provided ulxter this Trust Dead artC no mterest shalir bo pByaDic to Trustor in
<br />respect innreof_ Upon demand by Trvs[ae, Trvslor shat! 6eiiver t0 Trusice sucn
<br />4.lw: _ __ _ _ _ _ _ _ _. I,rw
<br />amounts necessary to enable Trustee to pay arty of Ina foregoing i,ems'~
<br />& 4Otl11iMyi lMns. Trustor sndll make all payments of InCer'esl end pdncipai and
<br />payments O/ flrry ether Cnargtls, tees, and expenses conireCtetl SP be paid to any
<br />exi8tinglyn no{ders Or prior banetfciariaS vntlbr any prig TNSt Deatl. Mortgage or
<br />other security agreement. before the dais may are tlelinquont and to Day any other
<br />claim wnlCh jegpardlaa: the seEUfity granteC Herein.
<br />9. IhoteetWn. o{ Benaik4ry's SacurNy. Snou)d Trustor fail lO mane any payment,
<br />fan to do any act as herein prov!datl, ur at any action or procestllrig Is commancad
<br />--wnich. male[lally 8ftecta Beneflciery'S Interest in tna Property, inclutling, but nor.
<br />LimiCed 10,. eminent domain, in4olvanCY, arrangenrenta or procaadings invotvtny a
<br />benkrypt p' deCadettt. than $nnaficiary O' Trualatl but w'.tnO++t ODhgation to dO aU
<br />drrd witnpul R{itiCa to Or tlcmanq Upon ter./3:or, e.1O witnput relOasing Trustor Hvm
<br />any dbligaliOn hernundrx, may maRn Or dP Ilw se may' pay, Purchase,
<br />Ontea[ Or cOmpruvrime any anry!TDCYnt'k LHarga Pr Im~U`._which m IRB 1ud48,ntlni O{
<br />either d'JPaars t alteOi Said Property- fn n any s:.ch DUwRr5 ma
<br />99nff:.:Mary N Trustee meY incur any llahtttYrarid R:x PenC wnataver amount.>,
<br />nciva!+xp ^rrsCU•~«.-v.n;s of ra nabie attarnnv'n , IHrS a +.. W
<br />a+scrmro ras - asay t ,al -. .. ~° Ia+r lu
<br />rnsuranca . c pay to d pac y: r ~,. o rim r_
<br />;np ... ... Iyildn s ' ~n E .. '.'~.n
<br />n _... ~. ants Ar n _ Pasr' ~ .
<br />,. Ti.riHrk d r a. ~.v yr. a,. lhu, +w.~ , _v
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