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NEBRASKA DEED OF TRUST 100236
<br />(With Power of Sate)
<br />Amount of First Instalment Amount of Other Instalments
<br />Total otpayments s 2072 -01) First Instalment Due Date $Q,_,19___.
<br />Numl)wr of Monthly Inatalmenta _ 48 — Final Instalment Due Date W 19._. -,19—
<br />THIS DEED OF TRUST, made this ....1.3._ day of Ja1111 � C V . 19 STS
<br />between __ Donald R. Vamp and Shirley L V rp hs��,band and wife ,
<br />whose milling address is 151)4 Newract 1 p Grand I.sl and Ne - 68801 ,
<br />as T,„to s, John Cunningham '
<br />whose msiiing address is 222 N Cedar Grand Island. Ne. 68801
<br />as Th�ftl , an Norwest Financial Nebraska. Inc., whose mailir►g address is
<br />2337 hlr h ebb Rd. Grand Island, Ne. 68803
<br />as Beneficiary,
<br />WrMSSETH, Tzustors hereby irrevocably, grant, bargain, sell, and convey to Trustee In trust, with power of sale, the following de-
<br />scribed property in Ha l I County, Nebraska:
<br />Lot fifteen (15), Block. Three '(3), Nal^n,rldy Estates Addition
<br />to the City of Grand Island,.Mall County, Nebraska
<br />i
<br />Together with tenemerrtE�. hereditaments, and appurtenances thereunto belonging or in anywise appertainitrg and the rents, issues and
<br />This conveyance is intended for the purpose of securing the payment to Beneficiary of Trustors' promissory note of even date in the
<br />amount stated above as "Total of Payments ". Said 'Total of Payments" 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 shall, 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 aavenants and agrees:
<br />1. To keep the property in goal 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 any 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 atd assessments upon the property; to keep the property five and clear of all other charges,
<br />liens or encumbrances impairing the security of this Deed of Trust.
<br />3. `S1) keep all buildings now or hereafter erected on the property described herein continuously insured against.Goss by fire or other
<br />hazards: in an amount not less theA the total debt secured by this Deed of Trust. All policies shall be held by thb,+'$eneficiary, ar�d be +'
<br />in sudt•.Wmpanies as the Beneflcf:`tr may approve and have loss payablq first to the Beneficiary as its interest may a
<br />y Ppea; arr� then
<br />to the Trustor. The iitnount collected under any insurance policy may be applied upon any indebtednees hereby secured in such drier as r
<br />the Beneficiary shall determine. Sciah, application by the Beneficiary shall not cause discontinuance of any proceedings to foreclose this �.
<br />Neil. Trust or cure or waive any di Ault or notice of default or invalidate any act done pursrmt to such notice. In the event of foreclosure, 4l r
<br />ell i�igltrts of the Trustor in insurance p4ciea then in force shall pass to the purchaser at the fomlosure sale.
<br />4. To obtain the written consent of Renefciary before selling, conveying or otherwise transferring the property or any part thereof and .:
<br />any such sale, conveyance or transfer witl=t the Beneficiary's written coneecst shall constitute a default under the terms hereof. r.
<br />5. To defend any action or proceeding Purporting to affect the security hereef or the rights or powers of Beneficiary or Trustee. +.
<br />6. Should Truster fail to pay wheT due - any - taxes, assessments, insurance premiums, lle¢s, encumbrances or other charges against the
<br />propeety hereinabove described, Beneficiary gray pay the same,, and the amount so paid, with interest at the rate set forth in the note
<br />secar ed 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' em4nent domain proceeding,. the entire amount of the award
<br />or ri h portion thereof as may be necessary to fully satisfy the obligation secured hereby, shall be paiid to Beneficiary to be applied to
<br />said rt114ption.
<br />2. By accepting payment of any sum secured hereby after its due date, Beneficiary doft not waive its right to reGrnfre prompt payment
<br />when due of all other sums so secured or to declare default for failure to so pay.
<br />3. The Tntstee shall reconvey all or any part of the property covered .hr this Deed of Trust to the pion entitled thereto, on. written
<br />request of the Trustor and the Beneficiary, or upon satisfaction of the obligation secured and written request for reconveyanee mays by '
<br />the Beneficiary or the person entitled thereto.
<br />991 G84 (NE) _'.
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