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<br /> ' ' . � Respe{iers aad Hazmon.P.C. `� o ' � .. :. .� �.`
<br /> � p.0.Box 4519
<br /> . � _ Omaha,Nebraska 68104 ��— �0���� �j�� ,��' �`e.
<br /> � � � .- 'IRUST DEED .� � � -
<br /> . ` � . .
<br /> ' TI�IIS TRUST DEED made this �'� day of ��ueA �,u.y 1998, by and '
<br /> - between Cindy I. Martin,a single persoq hereinafter called 'Trustor";JAMES B. PELIE1tS, as "Trusiee", -
<br /> attorney ai law licens�w prac.tice law in the State of Nebiaska,and Stanley G. Birge aad Paula A.Birge,husband :.� -
<br /> . . , and wife,as joint tenants with rights of survivorship,as°Benef ciary". �,�.
<br /> . - ;,�a;�::
<br /> .. _-
<br /> WITNESSETH: That Trustor,in consideration of Forty One't7iousaa�Five Hundred Seve,nt�+ �ve and , 4 `;. :� —
<br /> � � no1100 Dollar($41,575.00),receipt whereof is herehy aclmowtedged,granis,conveys,ss1►s and wartanig to Trustee, __ - _-
<br /> � in trust,with power of sale,the follawing descnbed property situated in Ha11 CountY,IVebraska: ".�:,�r�.F-
<br /> Lots frve(S)and suc(6),in Block one(1),Barger's Addition to the Vdlage of Doniphau,Ha11 Cow�ty,IVebraska �' �:'�:�w -
<br /> _ ' Excepting a certain tract more particularly descn'bed in Warranty De�ed recorded as Document No.84-004803. �: . ':•''':'�
<br /> .�..
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<br /> ��,
<br /> . � 't9ie intentioa 6eing w coavey+hereby an absolute title in fe�simple,including all the rights of homestead and dower, ;' ,�-
<br /> •� wgether witb a116uilding,fixtnres,improvements and appurtenances thareunto beloIIgslg;and all af�e foiegoing, ;=»�i_.
<br /> . ' Wgether with said property are hereisn referred W as the"Propeny"• .; . `°r�,__
<br /> . �. •',... ,.�.0
<br /> . . � . FOR THE PURPOSE OF SECUYtaNG erfonnance of eacb meM and covenant of Truswr herein :-" '�•".�':
<br /> .. P �T� '�. �%;:� '-�:
<br /> wntained and payment of the principal sum of Foriy One Thousand Five Hundred Seventy Five an�no/lU0 Dollar '
<br /> � ($41,575.00), as evidenced by a Promissory Note bearing even date of the�of interest thereon beiag payable ,��
<br /> acca�rding to the temu set forth in said promissory Note, reference to which is hereby made, � ' , ''��;.,�'�
<br /> at the office of the � ,,,_.:
<br /> ' ��3 Beae�ciary in Omaha,Nebraska,or at such other place as the holder may desig�ate in writing,the final paymeM of `�:; •� � �'��'""
<br /> � -�a.•-
<br /> ;•.:.:,��.:
<br /> � ._. principal and interest,if not saoner paid,shall be due and payable on the Ist day of lanuary,Z013. _ - " ;�g
<br /> �t:�y�
<br /> ' � ' � T4 � . ,. ���
<br /> �� In the event both Stanley G. Birge and Paula A.Birge become deceased prior to full payment of this note, . �' .1:,.�_;:;
<br /> "�; . then the�alance of the remaining unpaid balance shall be paid direct to Michael D.B'uge. In that event,Michael D. i,: ..;.:�-?�;�,
<br />.=`�� ` . Birge is authorized to direct the issuance of the deed of recanveyance when all payments are fuliy made. � � �`'`y���,
<br /> x.�, . • .�•.
<br /> 7�. . , . ... , , -
<br />. � � �.. �;� •1 Tmstor and Beneficiary covenant and agree as foltows: • .;
<br /> 1. Wanantv of Titte. Trustor is lawfully seized of the property;it has gaod ri�s and lawfi�l authority to seU � � ��. .
<br /> :y. , ' . . � � and eonvey the Pmperty;the property is&ce and clear of all liens and cncumbrances elccept liens now of record;and
<br /> •.,�-: • � • �
<br /> . Tn�stor will warrans and defend the tide to the Property unto the Trustee and its successors and assigns forever, �
<br /> � . against the claims of all persons. Trustor,ai its cxpense,wip maintain and preserve the lien of this Trust Deed as a .
<br /> ,�,' lien upon the Trust Property subisrx only to encumbrances existin�as of the date her�.�o,will cause this Trust Deed,
<br /> : and each amendment or sopplement thereto,to be filed and recorded as a moR�age of the Trust Pruperty in such � .
<br /> ` '. marmer and in such place,and will take such other actio»as in the opinion of Trustee may be required by any present . , �
<br /> � � , or future law in order to perfect,maintain and protect the lien of this Trust Deed,as the same may be from time to � �
<br /> ' time amended or supplemented. _
<br /> 2. Pavment of Princi al and Interest. Trustor shall punctually pay the principal of, and interest on, said
<br /> Promissory Note,includins any advanccs thcreto as provided hcrcin on the dates and at the place and in the manner .
<br /> . providcd thcrein, and �vill punctually perform all agrccmcnu, conditions and provisions of any other security �. • �
<br /> • � instrument given in conncction with ti►is transaction.
<br /> � 3. Prescrvation and Maintem�nce of Pro e . Trustor�vill not commit any waste upon the Property and will,at
<br /> :' ' � all tirrtes,maintain the samc in gaod order and condition and will make, from time to time, all repairs, renewals,
<br /> replaccments, additions, and improvements �vhich arc rcasonably roquired to prevcnt waste. impairment, or .
<br /> ' - ' . dctcrioration of said Praperty. No buitding or improvement no�v on c�rcafter crected upon the Property shall be ;
<br /> � ,.. altered,removed or dcmolished without thc prior�r�ittcn consent of the Beneficiary.
<br /> : 4. Damaee to Pro c . In case of any damage to, or dcstruction of the building, improvements or personal . .
<br /> �. , property constituting part of thc Trust Property, �vhcther such loss is covcred by insurance or otherwise,Trustor,as
<br /> � � iu sole cost and expense,will promptly restore, rcpair, replace and rebuild the same as nearly as practicable to iu •
<br /> . � � condition immediately prior to such damage or destruction or�vith such changes and alterarions as Trustor may dcem 4 . •
<br /> . � appropriate, provided such chan�es and altcrations do not materialty lcsscn the value and utility of such buildings, `
<br /> ';,, improvements and personalit�•from that ex�sting �mmed�atcly pnor to such damage or dcstruction. Trustor shall be � .
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