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<br />NEBRASKA DEED OF TRUST 200003745
<br />(With Power of Sale)
<br />THIS DEED OF TRUST, made this 2ND day of MAY 2000
<br />between DONALD D. RANDOLPH AND JILL M. RANDOLPH HUSBAND AND WIFE _
<br />whose mailing address is 1424 W. 1ST STREET, GRAND ISLAND, NE 68801 7
<br />as Trustors, STEWART TITLE GUARANTY COMPANY
<br />whose mailing address is 1220 WASHINGTON SUITE 100, KANSAS CITY, MO. 64105
<br />as Trustee, and Norwest Financial Nebraska, Inc., whose mailing address is 2319 N. WEBB ROAD
<br />GRAND ISLAND, NE 68803 _ as Beneficiary,
<br />WITNESSETH, Trustors hereby irrevocably, grant, bargain, sell, and convey to Trustee in trust, with power of sale, the following described
<br />property in HALL County, Nebraska:
<br />PARCEL 1:
<br />LOT 2, PALMER'S SECOND SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL,
<br />COUNTY, NEBRASKA.
<br />PARCEL 2: LOT 1, PALMER'S SECOND SUBDIVISION, IN THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />Together with tenements, hereditaments, and appurtenances thereunto belonging or in anywise appertaining and the rents, issues and profits
<br />thereof.
<br />This conveyance is intended for the purpose of securing the payment to Beneficiary of Trustors' promissory note of even date in the amount
<br />of $ 22, 896.00 (Total of Payments). Said Total of Payments is repayable according to the terms of said note. Payment may be made in
<br />advance in any amount at any time. Default in making any payment shall, at the Beneficiary's option and without notice or demand, render the
<br />entire unpaid balance of said loan at once due and payable, less any required rebate of charges.
<br />To protect the security of this Deed of Trust, Trustor covenants and agrees:
<br />1. To keep the property in good condition and repair; to permit no waste thereof; to complete any building, structure or improvement being
<br />built or about to be built thereon; to restore promptly any building, structure or improvement thereon which may be damaged or destroyed; and to
<br />comply with all laws, ordinances, regulations, covenants, conditions and restrictions affecting the property.
<br />2. To pay before delinquent all lawful taxes and assessments upon the property; to keep the property free and clear of all other charges, liens
<br />or encumbrances impairing the security of this Deed of Trust.
<br />3. To keep all buildings now or hereafter erected on the property described herein continuously insured against loss by fire or other hazards
<br />in an amount not less than the total debt secured by this Deed of Trust. All policies shall be held by the Beneficiary, and be in such companies as
<br />the Beneficiary may approve and have loss payable first to the Beneficiary as its interest may appear and then to the Trustor. The amount
<br />collected under any insurance policy may be applied -upon any =indebtedness •hereby secured in such order as the Beneficiary shall determine.
<br />Such application by the Beneficiary shall not cause disc6ntinuance of any proceedings to foreclose this Deed of Trust or cure or waive any
<br />default or notice of default or invalidate any act done pursdanVtd'such notice. In the event of foreclosure, all rights of the Trustor in insurance
<br />policies then in force shall pass to the purchaser at tlii. foreclosUT6 sole.
<br />4. To obtain the written consent of Beneficiary before selling, conveying or otherwise transferring the property or any part thereof and any
<br />such sale, conveyance or transfer without the Beneficiary's written consent shall constitute a default under the terms hereof.
<br />5. To defend any action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee.
<br />6. Should Trustor fail to pay when due any taxes, assessments, insurance premiums, liens, encumbrances or other charges against the
<br />property hereinabove described, Beneficiary may pay the same, and the amount so paid, with interest at the rate set forth in the note secured
<br />hereby, shall be added to and become a part of the debt secured in this Deed of Trust as permitted by law.
<br />IT IS MUTUALLY AGREED THAT:
<br />1. In the event any portion of the property is taken or damaged in an eminent domain proceeding, the entire amount of the award or such
<br />portion thereof as may be necessary to fully satisfy the obligation secured hereby, shall be paid to Beneficiary to be applied to said obligation.
<br />2. By accepting payment of any sum secured hereby after its due date, Beneficiary does not waive its right to require prompt payment when
<br />due of all other sums so secured or to declare default for failure to so pay.
<br />3. The Trustee shall reconvey all or any part of the property covered by this Deed of Trust to the person entitled thereto, on written request
<br />of the Trustor and the Beneficiary, or upon satisfaction of the obligation secured and written request for reconveyance made by the Beneficiary or
<br />the person entitled thereto.
<br />LIMIMIMAI
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