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<br />TRUST I>EED
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<br />88-10475~
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<br />THIS DEED OF TRUST. mude und cnleted into thi,
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<br />29th
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<br />duyor August
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<br />,Il)~
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<br />bv nnd bel\\'ccn Stoven D. Timmons and Cheryl K. Ti~l1!\'t\."r. and First American Ti tie Insurance comI?8f'?l'ilCC,
<br />. Husband and Wife as Joint Tenants
<br />and Security Pacific Financial ~~iceB of IC?'ft!nlf'i\.'iI1fY:
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<br />WITNESSETH: That the Trustor docs by these presents grant. bargain and sell. convey and confirm with Power of Sule unto the
<br />Trustee the following described Real Eslate including all buildings. improvements. and fixlures of every kind now or hereafter erected or
<br />placed on the real estale. situated in Hall Cuunty. in the State of Nebmska:
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<br />The South ~r~-Hel~ (~ ~I of Lot 4. in Block One (II,
<br />in Dodd &, ~r:fd!f~fo"bl tS the Village of Wood River, Hall County,
<br />Nebraska.
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<br />and po~scssion of said premises IS no\.\ delivered unto said Trustee;
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<br />ru HAVE AND TO HOLD the same. with all nght!l. priVIleges. and appurtenances thereto he longing unlo the Trustee. his executors,
<br />udmmistmtors, h~I". and assigns Il'lrcn'r. ..\mi the Truslnr hcrch~ l'\f1n~',,,I) \\;llves. rcleases. and relinquishes unto the Trustee all right,
<br />tnle. dmm, mterest. henefit. illH.J estlHe -wh:.uc\cr. 111 and 10 Ihe ilhlWl'~t.Jc'il.:r1hl'd premlst:s and each and every part thcreol: which is given
<br />by or re!ooulls fnlm all laws nf .110: Slate of '\'chr.ls~;1 pl'rlilllllng tl' the C\elllrtlPn of hnmeslcad. AnLi Ihe Trustor covenants wiLh the Trustee
<br />thai he will fOfCver WilrrJ.11I and defcnd the {nil' tolhe same agamsl the lawful claims PI' all persons whnmsncvl'r,
<br />
<br />IN TReST HOWL\'I R. hlr 1111: 1l11l1l....In~ dl'!'lcnhed purpll,es. In 'l'l'url' full ,lIld pmmj11 pcrfornmnl.i.' 1\1' all the lcrms and comJi-
<br />tions of that
<br />o Re\'OI\'ing LtliJn A~rCl'mcnl III l'\Cn dale hCn'\\llh tlndUl.hnl! rarllr.:uhlrl). hUI III II c\du"l\dy, pnll11pl pa)I1lCllt Ill' all sums
<br />which are or mu) hel.omc pa}ahlc fnll11 IlIne In time thereundcr! ,lIld an} nlCINllll", relle\\ab, IlIl,dlikallllll' Ilr rclinal1clIlgs thereof.
<br />which Revolvmg Loan Agreement obllg.ate, Ikneficlary, suhlcct III Ihl" Clllllfllll1m !oolalcu therem, tn "dvUl1l'c to Trllslor up 10
<br />S . plus linance anu othcr charg.t:s, (or)
<br />I;] NlltC' of c\'e11 dale herewllh. 111 Ihe pnnclpal..ulllllf LS. S 4844.87 ()iI~i1hk 11\ tlhllllhl) IllstalllllctW, or principal
<br />and ,"I crest,. "Jth Ihl: haiance II! the llldchlcdnc!oo!oo, If lint '(loner paid, duc ,UllJ pa).ahle nn 9/2/92 , Il}_,
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<br />It l~ agrecd h} .lItO hcl\\cCll parllc.. heretn thill unltl lillllg III 'otll.l" Ill' DeliJUIt. the Trll~hlr ,hall. ( II ('lit) all pre~ent and future
<br />laxes and asse!t.smenl!t, generJ.1 allL! !'lpCl'lal. a!!iJIIl,1 ~illd pftlperl) hehm.' the ,;:tlTll' hel.'llmC~ dehnljuelll tlr actlllllilhlc; t]: J keep all improve-
<br />menls t'rected on the land lIl!'oured .1.. ilia} hl" rC411lrl'tllrol1l IllI\c tll IlIne h} hcncliclilf} agalTl!ool lo!'l, h}' lire ilnd \llher haJurds. casualties
<br />and conllngenclt..... III ...ul.:h ;11111111111.. anl! ftlf ,tll'h perlilJ, ,I" arc rca'Ilflilhle anll lIla) he rcljulret.i h) hencliclar). ,lIlllln ~ccp all policies
<br />of "Udl m..ur.mce III hll1:e III elTel't IIr"111 tl1c prt\pcrt} ht'rt:'11l de!'lcnhl'd l.:t1l1..tillltl) a~..igncd ilnd dch"cr~d tll hcndklltf}; 1.1) pay and
<br />com pi} \\'tlh all thc lerm.. and CIUldlllllll' Ilf all) 111:11. dallll III Illdl"lllcJm:..' thai milY be :'IeTllttr to or tulo.e precedence over this Trust
<br />Deed il~ !'IOllrl J.!'I JI1) ..ut:h I'a) l1Ient UIl tlr III "'JCh lien, daull lIT mdehlcdnc.... ..h..1I hecllmc duc; ilnd Up\lll failure of Trll~tor In keep
<br />an} "'lid a!!~el1lt:nt!'l, hellcfll'lar) 111;:)) pa~ ,uch 141\. pil.} lilt "l1\:h IIl'IIfi.HKl' \'1 ri1} \111 ..Ul:h IIl'n~ llr diJll11~ Ilr lIluchlt:dne!t~ U~ the case
<br />ma) ~,.md tht:' mllnt:~ ...11 C\flClll,ktl. \\Ilh Inh:rc..t at 4", pel' .Hmum. ,h.tll be "l'r.:urcd h} Ih... Tru~1 Decd. ilnd the Trtlshlr agrees 10 repay
<br />the samc upon demand. and Upllll Llllure to do "ll the halancc \If Iht' ,llIachcd Ilole ...hall hecllmt: Iml11edlatcl~ due and payable at the
<br />option nf Ihe hcneliclar)'; 1-1' ~pe\':llkail} nmfer upon thc Tru,I!:!: 11ll" p\l\H:r ill' ,ale ,I' prll\'lLieJ 111 Nehfil~l..a l;:t.....; (.'i I relain po~session
<br />of thc prenllses ilnd cllliel.l the renb ..md rt."\cnuc.. therdrom.
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<br />Upon payment uf alllhe ...um~ sccured by th... -Iru!'-I Dced. the Bendlr.:liH) ,hall n:ljUl.~..t Ihe Iru...tcc Itl reconvey the property and
<br />shalf !.urrender this Trust Deed and all noles t:,..idetu."lI1g mLiebtedne!oo!l ",cl'ured h) tIll... Trmt Deed III Ihe Tru...ltlr Tru..tcc shall reconvey
<br />Ihe prl1pcrty withoul warmnl} Itl the per.,un or persons legal!) emilled then'hl; hut II default hl' lTladc HI lilt.' pa}IT1t.'1l1 Ilf sauJ nole or
<br />any pan thereuf Ill' al1~ \11. Ihe lntcrc!ool therenn "hen due t)r 111 tht.' f;:1I1hful rl'rformalll.:c \11 all) Ilf cnhcr III salu agreel1Jellt" as alllfcsaid,
<br />then thc ~hllle or "lid note ..hall occnl11C duc .IllU hl.' palu if, hrrelllilfter prl1\ IdrJ, .tlld 1Iu.. on.'d ..11..11 ll."rllillll In fIlKl."; the Trustee or
<br />hi~ attorncy mu} fll\lcced Itl ,ell the pf\lpcrt~ In Ih r:IIUrct~ nr III pan.:el....1I thl." Pplltlll (II lhc Iru...tCl' hl'rl'lllhclllft: dt.'...cnheu ill public
<br />auction, to (he hlghc!t.t hldder. !ilr ca!l.h. Hll\\t:\cr, the po\\cr Ill' ...ale hercln l.lllllcrrcu upon Ihl." 'rll..ln' ..halllHlI he c\crci!<tcd urail (i)
<br />the Trustee s.halllin.llile for ["C('llrd, 111 the 1,1IfIL.(, \11' the regIster \If decd, 11/' Cill'h l'Illlnl~ \\lll'r\"111 till.' 11'11..1 pnlpl"r1) \lr ...(lme part or
<br />pared lhl:1l:of i~ situalctl, a notice of c..Iefault. Idenllf}mg the TmMee h) ..talll1~ Ille I1.JOIe, III the Iru"lllf ;lIJd nalllt." thef~1fl ~\Ild giving
<br />the book and page whcre the !>>aIllC' I' recorded, a de~nplllln 111" Ihe lru,t propcr!}. and L"lll1l..llllllg;:t ..Iatelllenl that .1 hrL'.u:h II/ .ltlobllgatlon
<br />for which Ihe trust prupert} \\';:J!l t:omc)ed a... ...eCUnI) hu!oo tlt:curn:Li, .1Ild 'Ctllll~ 1111111 11Il" 1I,I1ure nl 'lJl:h brl"ilt.h ,Illd III Ill' ekctlllll 10
<br />s.ellllr ClJU50C 10 be: sold ~uch pnlpert} III !oo3llsf) lhe obhWtllon, and I ~, after Ihc l,ljl..r \l/" 11111 Ie.... Ihan l1nl' 1111111111. thc hu'tl'l' ..hall l-li\'c
<br />noUce of '!laic J.S> pro\'idcd h~ Nehr-J!J.a law After nllllce llf dcfault alld lap'" III 1I11! Ie.... th,U! IlIlt" 1I11111111. lln: Iru..tt.'t.' ,11,111 ~1\C \HlIIen
<br />oollce uf lhc lime and place uf ...aie particularly de,,"cnhll1l:! lh~ rrnflt."r1~ III hc ,,,Ill h\ puhllc,ltlllll ('1 'lIlh lhllll"l'. ,II 1e,1...t rl\e 11I11e~.
<br />once;J weel for fivc cun\Cl.:ull\C \\cd.\. the la...1 puhllL.allull to he ill le"'1 10 J;I~" hul I\,'l llIL\!C tll,tll ,II t1.I\~ 1'1,1Ir III lit\" "tic. tll "'lllle
<br />nC\1l'!lp3pcr havmg do tzcner.iI ("ULulittlllll 10 1:1ll'h l.nunt) 111 "IHdl Ihl' fl(\l[ll'll\ h' Ill' 'Llld. \'1 ,,'tIIC P,lrI thl'fClll. I.. ..nu.ltl'd I r"1l ..w.:h
<br />hale.. the lru..tec mall C'\eculC' and dellvcr II dcc:u 01 l'Ul1\'cy.ulce III Ihl' prHpl'll~ ""It! I" Ihe I'llIdl,I"CI III l'urdl,l!ll'r'l IhcIl,,,t ,\lid ,H1\
<br />!ltatemcnlllr rccllaluf Lu:t lTl ~uch deed 111 l'c1illl\lll In Ihe C\C1l:"C' 01 tht" [h'....l'r "I ....11(" .Illd ...111." "I till" PfH{lt:'fI} dc~t.:nhed then'HI. Indlldll1~
<br />1't'(11..1", cnncC'nlln~ an) TTl.JlhnJ:,. [lc:r....1Il31 Jcll\'C'r~ ;lllll puhlu:.111111l \11 tilt' tlt.tlll. "I del.lull .U1.\ rnilllll1~ ,llId Ihe puhlH:illitlll ,111\1 p\\'lln~
<br />01 uohc(' pI .....Ie .md Ihe lllntJUl.-1 01 ....lle; .tOd 'lu:h rl'\:lIal ..h;)1I ClIil..Ulule pnm.1 I.Il 'l' n ,.lL-nu.' pf ..uch (\llllpli,lIh:l' .wl! ('lllldu"I\t.' l'\ IJClll"C
<br />thereuf In 1.1\(11 01 h.,na fuJC' pun.ha...cf'1o .il"J C'1ll"umhr.lI1l'c'''i hll \.llur ltllll ....rlh,,"1 l\i'lllt' TIll" Jlu"ln" (ll'l'll ..1\,111 "Pl'I,ll.. III ~,111\l"\
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<br />r4"Utl~'fI".
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<br />ORIGI~~At
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