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<br /> TRUST DEE `L' � �"`" �
<br /> THIS TRUST DEED,made and entered into this 23RD �y f APRIL 19_9$_ an�°
<br /> �ny�n Timothy L. Hall and Mary L. Hall, hus an an wi�e ' �'
<br /> Douslas Hand ,Trustor,
<br /> ,Trustee,
<br /> and BENEFICIAL MORTGAGE CO., a Nebraska corporation, Beneficiary. ����
<br /> WITNESSETH:That,Trustor,by these presents,dces grant,bargain and sell,convey and confirm with Power of Sale unto Trustee the
<br /> real property,including all buildings,improvements,�Halllres of every kind now or hereafter erected or placed on the real property
<br /> (hereafter referred to as the "Property") situate in County, State of Nebraska.
<br /> Lot Two (2) in Block Three (3) in Schimmer's Addition to the City of Grand Island,
<br /> Hall County, Nebraska.
<br /> Possession of the Property having novv been delivered to Trustee:
<br /> TO HAVE AND 'PO HOLD the same, with all rights, privileges and appurtenances to such Property belonging unto Trustee, his
<br /> executors, administrators, heirs, and assigns forever, for the purpose of securing complete performance of each agreement of Trustor
<br /> contained in this Trust Deed, together with the payment of the Credit Line Account indebtedness, referred to hereafter as the
<br /> "Account". And Trustor in this Trust Deed expressly waives, releases and relinquishes unto Trustee all right, tide, claim, interest,
<br /> benefit and estate whatever, in and to the above-described Property and each and every part thereof, which is given by or results from
<br /> all laws of the State of Nebraska pertaining to the exemption of homestead. And Trustor covenants with Trustee that he will forever
<br /> warrant and defend the tifle to the Property against the lawful claims of all persons whomscever.
<br /> IN TRUST HOWEVER, for the purposes described, as follows: Trustor on this date has executed a Credit Line Account Agreement
<br /> referred to hereafter as"Agreement",by which the aforementioned Beneficiary is obligated to make loans and advances, including the
<br /> Initial Advance, up to$ 18.000.00 , referred to hereafter as the "Credit Line". It is the express intention of the parties to this
<br /> Deed of Trust that it shall stand as continuing security until paid for all such advances together with interest thereon.
<br /> � If this box is checked, this Deed is subject to a prior mortgage or trust deed dated June 18 19�2
<br /> executed by Trustor to The Ec�uitable Buildin� and Loan Association as mortgagee or
<br /> beneficiary,which prior mortgage or trust deed secures payment of a promissory note in the principal amount of$26.700.00 .That
<br /> prior mortgage or trust deed was recorded on June 23 , 19_22` with the Register of Deeds of
<br /> Hall County, Nebraska in Book of Mortgages at page 92-105411
<br /> Until the filing of a Notice of Default:Trustor shall: (1)pay all present and future taxes and assessments, general and special,against
<br /> the Properry before the taxes become delinquent or actionable; (2) keep the structures located on the Property securing the Account
<br /> insured against damage caused by fire and other physical hazards, name Beneficiary as a loss payee and deliver to Beneficiary a loss
<br /> payable endorsement.If insurance covering the Property is cancelled or expires while the Account is outstanding and Trustor dces not
<br /> reinstate the coverage, Beneficiary may obtain, at Beneficiary's option, hazard insurance coverage protecting Beneficiary's interest in
<br /> the Property.Trustor authorizes Beneficiary,at Beneficiary's option,to obtain coverage on the Property in an amount not greater than
<br /> the outstanding balance of principal and interest on the Account or, if known to be less, the replacement value of the Property, in the
<br /> event that Trustor fails to maintain the required hazard insurance or fails to provide adequate proof of its existence. Trustor authorizes
<br /> Beneficiary to charge Trustor for the costs of this insurance and add the insurance charges to the Principal Balance of Trustor's
<br /> Account,which will accrue interest at the Daily Periodic Rate in effect on the Account. The addition of these insurance charges to the
<br /> Principal Balance on Trustor's Account is treated just like a cash advance and will result in the recalculation of the Scheduled Monthly
<br /> Payment on the Account as explained in the Agreement. The cost of Creditor Placed Hazazd Insurance might be higher than the cost of
<br /> standard insurance protecting the Property. The Creditor Placed Hazard Insurance will not insure the contents of the Property or
<br /> provide liability coverage. The insurance might not be the lowest cost coverage of its rype available and Trustor agrees that beneficiary
<br /> has no obligation to obtain the lowest cost coverage.Beneficiary or an a�liated company might receive some benefit(i.e.commission,
<br /> service fee, expense reimbursement, etc.) from the placement of this insurance and Trustor will be charged for the full cost of the
<br /> premium without reduction for any such benefit.If at any time after Beneficiary has obtained this insurance,Trustor provides adequate
<br /> proof that Trustor has subsequendy purchased the required coverage, Beneficiary will cancel the coverage Beneficiary obtained and
<br /> credit any unearned premiums to Trustor's Account, and (3) pay and comply with all the terms and conditions of any lien, claim or
<br /> indebtedness that may be senior to or take precedence of this Trust Deed as soon as any such payment on or of such lien, claim or
<br /> indebtedness shall become due. Upon failure of Trustor to keep any agreements made in this Trust Deed,Beneficiary may pay accrued
<br /> taxes and insurance premiums or pay off any liens or claims or indebtedness, as the case may be. The money so expended by
<br /> Beneficiary for this purpose becomes a part of the Principal Balance and shall beaz interest at the Daily Periodic Rate being charged
<br /> under the Agreement and shall be secured by this Trust Deed.Trustor agrees to repay the same upon demand.Upon failure so to do,the
<br /> loan immediately shall become due and payable, at the option of Beneficiary. Trustor specifically confers upon Trustee that power of
<br /> sale as provided in Nebraska law,and shall retain possession of the Property and collect the rents and revenues there from until filing of
<br /> such Notice.
<br /> Upon payment of all sums secured by this Trust Deed, Beneficiary shall request Trustee to reconvey the Property and shall surrender
<br /> this Trust Deed and the Agreement evidencing indebtedness secured by this Trust Deed to Trustee.Trustee shall reconvey the Property,
<br /> without warranty to the person or persons legally entided thereto.If default be made in the payment of instalments on the Account when
<br /> due or in the faithful performance of any or either of the agreements made in this Trust Deed,or upon the death of Trustor,then,at the
<br /> option of the Beneficiary,the whole of the principal balance plus interest and any other amounts due shall become due and payable,and
<br /> this Trust Deed shall remain in force with Trustee or his attomey proceeding to sell the Property it its entirety or in parcels at the option
<br /> xr.a r�2oi8o Ea. o�c. '� ��"�' .,�"..� . °' -".""
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