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<br /> DEED OF TRUST BENEFTC:I,IRY �
<br /> AVCO I-INANCIAL SERVICES �
<br /> � ACCOUNTNUMBER� 11`I 1 L'R1 V�TIONAL, INC.
<br /> GRANTOR(S): g44504185 P.O. F�ox 536 \C,
<br /> USTNAME FIRST INITI/LL LASTNAME FIRST INITIAL (Addxess)
<br /> Burritt, Kevin D. Burritt, Janet K. 1233 ._I�I__Webb 4d. . Ste 120
<br /> Mai�fNOADDRE55 CITY STATE ZIPCODE
<br /> 615 West Charles, Gran� Island, ��E 68801 �an;3__Jsland_ .Nebraska
<br /> THtS DEED OF TRUST,Made this 24th day of April , 19g8 , hceween FCevin D. & Janet K. Burritt
<br /> 615 W Charles,Grand Island, NG �d 1z5 wz e
<br /> hereinafter called TRUS�OR,.�hose address is� ____._
<br /> Mi.ChaeT F. P'�stui•lld :"` +'' ' '�°°h reinafter called TRUSTEE, whose address is _�2127_PaCif�_C St. , Omaha� NL
<br /> and AVCO FINANCI� S VI TFi�R,i�iA IONAL,WC.,a Nebraska corporation,hereinafter called BENEFICIARY,whose address is
<br /> Z233 N �Web'� h�� ,�'t"�`�:.� d Island, NE
<br /> WTTNESSETH:that Trustor GRANTS,CONVEYS,SELLS AND WARRANTS TO TRUSTEE,IN 7RUST,WTfH POWER OF SALE,the following
<br /> described property, situated in Hall County, Nebraska:
<br /> SEE EXHIBIT "A" ATTACHED
<br /> together with all buildings and improvements now or hereafter erected thereon and all screens,awnings,shades, storm sash and blinds,and heating,
<br /> lighting,plumbing,gas,elecuic,ventilating,refrigerating and air-conditioning equipment used in connection therewith,all of which,for the purpose of
<br /> this Deed of Trust,shall be deemed fixtures and subject to the lien hereof,and the hereditaments at�d appurtenances pertaining to the property above
<br /> described, and all streets,lanes,alleys,passages,ways,waters,water courses,rights,liberties anci p�ivileges,whatsoever thereunto belonging or in
<br /> anywise appertaining and the reversions and remainders,all of which is refened to hereinafter as the"premises".
<br /> TO HAVE AND TO HOLD the above-described premises,with the appurtenances and fixtures,untn the caid Beneficiary,its successors and assigns,
<br /> forever,for the purposes and uses herein set forth,free from all rights and benefits under and by virtuc��f any Homestead Exemption Laws of the State
<br /> of Nebraska which may be enacted,which said rights and benefits the said Trustor does hereby ex��recc(y release and waives.
<br /> FOR THE PURPOSE OF SECURING:(1)Performance of each agreement of Trustor contained hercin:(2)Payment of the principal sum with interest,
<br /> as provided in accordance with the terms and provisions of a Promissory Note/Loan Agreement(hcreinafter referred to as"promissory note")dated
<br /> ��ril 24, 1998 ,herewith executed by Trustor and payable t�the order of Reneficiary,in the Principal sum of
<br /> g 32300.li ,and having the date of its final payment due on 4 24/13 .or as extended,
<br /> deferred or rescheduled by renewal or refinance;(3)Payment of any addidonal advances,with interest�hereon as may hereafterbe loaned by Beneficiary
<br /> to Trustor in a maximum sum of$ 69�04.40 within I S years from the date of this Deed of Trust;
<br /> however, this paragraph does not constitute a commitment by Beneficiary to make future advances; {4) The payment of any money that may be
<br /> advanced by the Beneficiary to Trustor for any reason or to third parties,with interest thereon,where the amounts are advanced to protect the security
<br /> in accordance with the covenants of this Deed of Trust;(5)Any renewal,refinancing or extension of�airt promissory note,or any other agreement to pay
<br /> which may be substituted therefor.
<br /> As additional security,Trustor hereby gives to and confers upon Beneficiary the right,power,and authority,during the contiuuance of these Trusts,to
<br /> collect the rents,issues,and profits of said property,resetving unto Trustor the right,prior to any dc[ault hy Trusror in payment of any indebtedness
<br /> secured hereby or in performance of any agreement hereunder,to collect and retain such rents,issues,and prvfits as they become due and payable.Upon
<br /> any such default,Beneficiary may at any time,either in person,by agent,or by a receiver to be appointed by a court,and without regazd to the adeqnacy
<br /> of any security for the indebtedness hereby secured,enter upon and take possession of said prope�t}�c7r an�•pazt thereof,in his own name sue for or
<br /> otherwise collect such rents,issues,and profits, including those past due and unpaid,and apply el�c samc, less costs and expenses of operation and
<br /> collection,including reasonable attomeys'fees,costs,and expenses,if permitted by law,upon an}�i�d�btedness secured hereby,and in such order as
<br /> Beneficiary may determine.The entering upon and taking possession of said property,the collection r�f such rents,issues,and profits and the applica-
<br /> ��,: tion thereof as aforesaid,shall not cure or waive any default or notice of default hereunder or invalidate am�act done pursuant to such notice.
<br /> � , All payments made by Trustor on the obligation secured by this Deed of Tn�st shall be applied in thc following order.
<br /> ;~ FIRST:To the payment of taxes and assessments that may be levied and assessed against said premises,insurance premiums,repairs,and all other
<br /> w chazges and expenses agreed to be paid by the Trustor.
<br /> SECOND:To the payment of interest due on said loan.
<br /> ., THIRD:To the payment af principal.
<br /> To PROTECT THE SECURITY HEREOF,TRUSTOR(S)COVENANTS AND AGREES:(1)To keep said premises insured against loss by fire and other
<br /> hazards,casualty and contingencies up to the full value of all improvements for the protection of Bene(iciary in such manner,in such amounts,and in
<br /> such companies as Bene£ciary may from time to time approve,and that loss proceeds(less expense of collection)shall, at Beneficiary's option,be
<br /> applied on said indebtedness,whether due or not or to the restoration of said improvements.In event nf loss Trustor will give immediate notice by mail
<br /> to the Beneficiary,who may make proof of loss if not made prompdy by Tr�stor,and each insurance company concerned is hereby authorized and
<br /> directed to make payment for such loss directly to the Beneficiary instead of to the Trustor.(2)To pay all taxes and special assessments of any kind that
<br /> have been or may be levied or assessed upon said premises,and to deliver tc�Beneficiary,upon reqn�sr n!the Beneficiary,the official receipt showing
<br /> payment of all such taxes and assessments.(3)In�he event of default by Trustor under Pazagraphs 1 ;�r'above,Beneficiary,at its opdon,may(a)place
<br /> and keep such insurance above provided for in force throughout the life of this Deed of Trust and pa� �.!�^reasonable premiums and chazges therefor;(b)
<br /> pay all said taxes and assessments without determining the validity thereof;and(c)pay such liens.?r��t all such disbursements as shall be deemed a part
<br /> of the indcbtedness secured by this Deed of Trust and shall be immediately due and payable by Trusror t��Beneficiary.(4)To pay when due any lien on
<br /> the property which is senior to the lien of Beneficiary and,notwithstanding any right or option granr�,�l hy any senior lien or by any senior lienholder to
<br />�" permit the principal balance of such senior lien to increase,Trustor will not permit the principal bai��+i��c>f any senior lien to increase above the balance
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