|
in
<br />NEBRASKA DEED OF TRUST
<br />(With Power of Sale)
<br />Amount of Feat Iastalment s 262.00 Amount of Other Instalments i 262.00
<br />Total of Payments $ 1?5MM First Instalment Due Date February 1.1. 19-
<br />Number of Monthly Instalments 48 Final Instilment Due Date JantJa ryY 11 _ 19_M
<br />THIS DEED OF TRUST, made this 6 day of January , 19--H
<br />between Gerald R- Kindig and Ratricia A. Kindia, husband and wife ,
<br />whose mailing address is — ..I.��� Branding Iron Court Grand Island, NE 68803 ,
<br />as Trustors. Jnhn Nnninaham
<br />whose ma irrg address is 222 N_ Cedar Grand Island, NE 68881
<br />as Tnotme, and Norwest Financial Nebraska, Inc., ' whose waging address is 2337 N. Webb Rd.
<br />P.0 Roy 1373 Grand i Sl and.. NE 68802 , as Beneficiary,
<br />WITtiMM, fora hereby irrevocably, grant, targsice.•.94, and convey to Trustee in trust, with power of sale, the following de-
<br />scribed property ilia l 1 County, Nebrxlia:
<br />Lot Tweaty Seven (27) in Western Heights fourth Subdivision, Hall County, Nebraska.
<br />Together with tenements, hereditaments, and appurtenances thereunto belonging or in anywise appertaining and the rents, issues and
<br />:
<br />profits thereof.
<br />This conveyance is intended for the purpose of securing the payment to Beneficiary of Trueton? promissory note of even date in the
<br />amount stated above as "Total of Payments ". Said•'Total of Pa)=Rnts" is repayable in the number of monthly instalments stated above.
<br />The amount of the instalment payments due on • said loan is stated above,. The first and final instalment due dates on said loan are stated
<br />above. Payment may be made in advance in any amount at any time. Default in making any payment shah, at the Beneficiary's option
<br />and without notice or demand, render the 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
<br />being built or about to be built thereon; to restore promptly hay building, structure or improvement thereon which may be damaged or
<br />destroyed; and to comply with all laws, ordinances„ regulations, covenants, conditions and restrictions affecting the property.
<br />2. To pay before delinquent all lawful taxes amd assessments 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.
<br />S. To keep all buildings now or hereafter ereoed on the property described herein continuously insured againsi -loss by fire or other
<br />hazards in an amount not less than the total y'ebt secured by this Deed of Trust. All policies shall be held by the Beneficiary, and be
<br />7.
<br />in such companies as the Beneficiary may approve and have loss payable first to the Beneficiary as its interest may appear and then
<br />to the Trustor. The amount collected under anyr•.seyurance policy may be applied upon any indebtedness hereby secured in such order as
<br />the Beneficiary shall determine. Such application by the Beneficiary shall not cause discontinuance of any proceedings to foreclose this
<br />Deed.a -Trust or cure or waive any, default or notice of default pr invalidate any act done pursuant to such notice. In the event of foreclosure,
<br />iii•;•
<br />all rsg C**f the Tmator in insurarce policies then in force shalll,I.ass.tq the purchaser at t& Foreclosure sale.
<br />4. To obtain the written consent of Beneficiary before selling conveying: or otherwise transferring the property or any part thereof and
<br />'
<br />any such sale, convey since or transfer without the Beneficiary's written consent shall cotstitute a default under the tenng hereof.
<br />b. To defend any action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee.
<br />"
<br />6. Should TrusWr fail to pay when due any taxes, assessments. insurance premiums, lied, 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
<br />secured hereby, shall be added to and become a part of the debt secured in this Deed of Trust as permitted by law.
<br />IT' 119 1MUTUALLY AGREED THAT:
<br />1. To the event any portion of the property is taken or dariageh in an eminent domain proceeding, the entire amount of the award
<br />or such portion thereof as may be necessary to fully satisfy the obligation secured hereby, shall be paid to Beneficiary to be applied to
<br />said c,6agation.
<br />2. ley accepting payment of any sum secured hereby after its dwe mate, Beneficiary does not waive its right to'regtvire prompt payment
<br />when due of all other sums so secured or to declare default for ftI se to so pay.
<br />3. The Trustee shall reconvey all or any par of the property covered by this Deed of Trust to the person entitled thereto, on wri"Men
<br />request of the Trustor and the Beneficiary, or uupop satisfaction of the obligation secured and written request for reconveyartm made ky'
<br />the Hecmficiary or the person entity thereto. '• :
<br />991 G84 (NE)
<br />ti
<br />r
<br />
|