|
. . .L-,, r.:}:3 . . _ .'1i: _ _ :Z - i�"
<br /> . " _ ' :�'.,,".
<br /> __'�___�'�_' "_ . __ .`. ,t ' ' __ :� ',C= __. '
<br /> .. �,, .. � . � _ 1 . •i . _ ' t'r . �._._ .!t' � lF..
<br /> � � ` " 'a, — �.._.._�_. _ —`i .,�_. " ' F,
<br />. . ., c- �j . . 'a.` . .
<br /> �i ..
<br />. . . ... .L _. .� E<<. _���,.
<br /> . ' . . �� . �O� � f.l��' . .
<br /> ' c[ � � �� �� " , ,.�`:.
<br />. . ' - .t - ��•.:o�:
<br /> �. ` , Beneficiary may et any time and from time to tirtze appoint a successor Trustee by ftiing far record in each cou�ty ,. _
<br /> ' � � wfiere the trust property or part thereof is located a notice of Substitution of Trustee. , -. �� �
<br /> , ��
<br /> � . � We also agree that In ths event the mongaged premises, or any ponion thereot, o�any interest therein, are sotd,
<br /> mortgaged or conveyed or become subject to an agreement to seil, moRgage or aonvey ptio�to the time 4his loan
<br /> ` shatt have Ceen pafid in full, then the entire indebtedness shatl become immediately due as►d payabte at the option � :
<br /> ' cf the beneflciary. A sals, assi9nment or transter irt any manrter whatsoaver of 10% or more of the capitai stack • ::::�, �,•
<br /> `,; _ � ,. .�'.�.,.
<br /> ' of the grantor corparation shail be equivatent to a sate or conveyance of ihe securtty or an interest therein, and in ` -f • ,
<br /> � - �J`�' `� that event bsneflciary sha11 have the option to acceterate the debt,declare the erttire loan balance due and enforce _ � �`�, . `• � � ,
<br /> -. L-�"'-_-�-` coifection of same,inctuding foreclosure of the Qesd of Trust lien. -- _-�`:--_<�-�--:�
<br /> . That if the property.or eny part thereof.be condemned under any power of eminent domain, or acquiied for pubfic � • � �
<br /> • usa, the damages, proceeds, and the consideration for sucfi aaquisitton, to the extent of the fut! amount of .: ; , • . �,
<br /> � ' indebtedness upon this Trust Deed and the Deed of Trust Note secured hereby remainfng unpaid are hereby _
<br /> � � � � assigned by Trustor to the hotder of said Deed of Tnist Note and 7rust Deed and shall be pafd forthwith to said ; � .� . ���
<br /> � `� halder to be appiied by it firstiy to the payment of any expenses satd holder may incur in the condemnation r � ' ,
<br /> � � , proceeding, and secondly on 4he indebtedness secured hereby in such rnanner as it elects, or the amount so ' �.`"�-
<br /> �; r�; ..
<br /> ' receivad or any paR thereof may be released toy the said Beneficiary. - ` .;�-- ~t �
<br /> . . _ :'�.�
<br /> , � ,'. Beneficiary may within three months after the sele of the property under this Trust Deed, sue Trusto�in an action •'. � � -�
<br /> ` fot recovery of any balance due,including interest from the date of sate,the costs and expenses of exercising tfte ' �t, �` �•,__
<br /> =`. ,- . --- power of sate,and of tho sale, upon this obligatton whtch was not retired artd paid by the proceeds of the sale of ��;_�,�,_"_
<br /> . � tha same. u
<br /> .r • � Any partial release or subordination agreemertt shall onty be executed by the Trustee on the written direction of '_"` �.'" � �
<br /> �. � _. '.���
<br /> Beneficiary,evidenced by his jomder in such instrument. -
<br /> ,. � � ��,
<br /> �. .. � �-
<br /> ' � Upon written notice from the Beneficiary that the debt secured hereby has been paid in full, evidenced by joinder :��.
<br /> � of the Beneficiary in the fuli release document,Trustee shati reconvey,without warrenty,the estate in the property .--.. .. �'�
<br /> - ` �"�__
<br /> � then held by the Trustee. � `� •�"_��
<br /> � ,.
<br /> . . }!�"r___^.:
<br /> • � '�� Whenever the wcrd hs, his oc him is used heretn,such word sha(I also mean and include the words she, they, it, . �"��`
<br /> ' ' hers, theirs or them, and the singular shall likewise mean and inctude the plursl, and the wo�ds heirs s!►ail also : ;-"°'_
<br /> ,'.-� ��.
<br /> � mean persanat representatives and successors in interest by whatever right,as the context indicates. ;: ;:.
<br /> . ,:�_-.
<br /> �' . '�'.4.�:�::�:
<br /> • ln UVitness Whereof,tha T►ustor has signed this agreement effecttve the date of the acknowledgment hereafter. -• , .,,,�
<br /> _... � _.
<br /> . . _:.. ..
<br /> . . . . :.. : ,�.,,�
<br />-''� ��- -' �� Upan this same date,we hereby acknowiedge receipt of a copy of this instrument. �' � � �_.�_
<br /> , - .� : , ;�:,.�.�
<br /> . ;�.�-,-
<br /> . w.
<br /> �. ;,,
<br /> �' , / '�1�L_- . . : f��
<br /> i 1� °�""-'.'=�,,�— -�s��l � _��-
<br /> . Kevin D. Krusger � Claudia�. Krueger • .!�:.
<br /> „ ��.
<br /> ..c:;: �„�:.
<br /> State of Nebraska 1 - ' �
<br /> � . . :`.# 1 a y 1 ss: � ' . ''"'' .
<br /> � • � County of C 1 �,
<br /> � � '� On this s�� day of /�l a r c� , 1998, before me, a notary public in and for said county, ' � . :i�� . '�.
<br /> . �• ; personally appeared Kevin D. Krueger and Claudia D. Krueger, husband and wife,to me personally known to be the
<br /> • ' . ; identical persons described in and who executed the foregoing inatrument, as Truators, and acknowledged the •
<br /> � . { execution thereof to be their voluntery act and deed. - : � • • .,
<br /> �
<br /> ��� � �i Witness my hartd and oificial seal the day and year last above written. • .`,' �
<br /> �...,: • . ...
<br /> �. . '.4 //.I .�.s �/...1',r/���
<br /> � • . � Nota ublic in and for�County ' • •
<br /> • . � GFNERAINOIAAI•StateolHebrasAa � " •
<br /> , � My commission expires: �Z.9. q g �� BRtAN 0 SCHELLPEPER .
<br /> Mp Comm 6D•Oee.9 2000
<br /> � .� Metropolitan Ufe Insu�ance Company .
<br /> lowa Regional Office . . '"
<br /> • ' Agriculturallnvestments
<br /> � 4401 Westown Parkway, Ste. 220 � � �
<br /> . West Des Moines, lowa 50266 �
<br /> � � 1515) 223-5600 • � �•
<br /> df
<br /> � ; .
<br /> 4 � . .
<br /> ,- � f. , -• _---
<br />_ . � .
<br />" '. ��.�Na�.,.�w���ry�-�.t.n�, �^ �
<br /> 5 ' ' � .- a.7' ..J�_ _\�..e.�..� ����
<br /> ..- •. . . .• . . a . . . � ..
<br />- . ., � . . . ._ .... •. _ . .-Y1•` _. ' ' .. ..... . . ....... .. ..•. . _ . 'Y .. . •.l• -1",•-• . . . . .. . . . _ � .
<br />
|