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<br /> � � NEBRA9KA DEED OF TR�JS'Y'
<br /> (Vllith Pawer of 9ale)
<br />-� Amount of Firet Ioatalment S a2�•QQ Amount of Other Inatslments a 429.0�
<br /> � 7bta1 of Payments� 25740.00 ��t l,�c���en�p„e o8c� Februar.y 26,199Q.
<br /> Nuaiber of Monthly Inatalmenta 60 _. Final Inatalment Due Date Ja�U 31^y Z6 ,x9 95
<br /> THIS DEED OF TRUST made thia 22 day of . January , 1990 ,
<br /> � ���n Donald �'. Soderman and Emily •Soderman, husband and wife ,
<br /> whose mailing addresa ie 4258 Lariat Lane Grand Island, Nebraska 68803
<br /> ae�m�, John M. Cunnin4ham '
<br /> , whose mailing addrEea ia 222 N. Cedar P.O. Box 2280 Grand Island, Nebraska 68802 ,
<br /> as Trustee, and Norwest Financial Nebraska, Inc., whose mailing addresa ie 2337 N. Webb Road
<br /> P.O. Box 1373 Grand Island� Nebraska 68802 , as Beneficiary,
<br /> WiTNESSETH,Truetors hereby irrevocably,grant,bargain, sell� and convey w Truatee in truat, with power of sale,the following de-
<br /> ecribed property in hd 1 1 County, Nebraska:
<br /> L4t�Two (2), Western Heights SecondSubdivision, Hall County�; Nebraska.
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<br /> � Together with tenementa,hereditamenta,and appurtenances thereunto belonging or in anywiee appertaining and the rente,issues and t .
<br /> ; profits thereof. '
<br /> � ' Tlue coaveyance ia intended for the purpoee oF eecuring the payment to Beneficiary of Tntstors' promiesory note of even dste in the
<br /> amount atated above ae'°Potal of Payments". Said"Total of Payments"is repayable in the num6er of monthly inetaiments atated above. ���
<br /> The amount of the inatalment paymenta dne on said loan ia atated above.The firet and final inetalment due dates on said loan are atated �
<br /> above. Paymant may be made in advance in any amount at any time. Default in making any payment shall,at the Beneflciary's option
<br /> . and without notice or demand,render the entine unpaid balance of said loan at once due and payable,less any required rebate of chargea. _ -
<br /> To protect the eecnrity of this Deed of Trust,Trustor oovenants and agrees: ;-
<br /> 1.To keep the pwperty in good condition and repair;to permit no waste thereof; to complete any building,atructure or improvement *
<br /> being built or about to be buitt thereon;ta reatore promptly any building, atructure or improvement thereon which may be damaged or ��
<br /> destmyed;and to oomply with all lawa,ordinancea,regulations.wvenante,conditiona and restrictiona affecting the property.
<br /> � 2.To pay before delinquent all lawful taaes and asseasments upon the property;to keep the property free and clear of all other charges, �
<br /> liens or encumbrances impairing the security of this Deed of Trust. t
<br /> i 3. To kee all buildin now or hereafter erected un the ro rt described hereia continuoual {
<br /> , p B9 p pe y y insured agai�at loss by fire or other t
<br /> , hazarda in an amount not less than the total debt secured by this Deed of Trust. All policiea ahall be held by the Beneficiary, and be
<br /> in such companies as the Beneficiary may approve and have loss payable first to the Beneficiary as its intereat may appear and then
<br /> to the Trustor. The amount collected under any insurance policy may be applied upoa any indebtedneas hereby eecured in such order as
<br /> the Beneficiary ahall determine. $uch application by the Beneficiary ahall not cauae discontinuance of any proceedinga to forecloae thia :�
<br /> Deed of Trnst or cure or waive any default or notice of defauit or invalidate any aet done pureuant to auch notice.In the event of foreclosure. ,�.�
<br /> all righte of the'l�ustor in inaurance policiea then in force ahall pass to the purchaser at the foreclosure sale.
<br /> 4.To obtain the written rnnsent of Beneficiary before eelling,conveying qr otherwise tranaferring the property+or any part thereof and •
<br /> any such aale,conveyance or tranafer without the Beneficiary's vv{itten consent ahall constitute a default under the terma hereof.
<br /> 5.To defend any action or prov?eding purporting to a11'ect the security hereof'or the rights or powers of Beneficiary or Truatee. -
<br /> 6.3hould Trustor fail to pay when due any taxes, assessments, inaurance premiuma,liena, encumbrances or other chargea against the
<br /> property hereinabove deacribed, Benefciary may pay the same, and the amount so paid, with it�tereat at the rate set forth in the note
<br /> secured hereby,ahall be added to and become a part of the debt secured in this Deed of Truat as permitted by law.
<br /> IT I3 Mi3'fUALLY AGREED THAT:
<br /> 1. In the event any poriion of the property ia taken or damaged in an eminent domain proceeding, the entire amount of the awarci
<br /> or such portion thereof as may be necessary W fully satiafy the obligation secured hereby, shall be paid to $eneficiary to be applied to
<br /> said obligation.
<br /> 2. $y aceepting payment of any aum secured hereby after its due date, Beneficiary dcea not waive its right to require prompt payment
<br /> when due of all other suma so secured or to declare default for failure to so pay.
<br /> 3. The Truatee ehall reconvey all or any part of the property covered by this Deed of Trust to the person entitled thereto, on written
<br /> • reyueat of the Truator and the Beneficiary, or upon satiafaction of the obligation secured and written request for reconveyance made by
<br /> the$eneficiary or the person entitled thereto. �-_-____-_
<br /> 991 p8B(NE) .
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