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<br />NEBRASKA DEED OF TRUST
<br />(With Power of sale)
<br />Amount of First instalment S 492.00
<br />Total of Paymrenta s4132901-
<br />Plumber of Monthly Instalmenta 84
<br />TfilB DEED OP TRUST. made this 27 day of
<br />betmm Rites, Jagobsen, a s
<br />wboea ma.ili rg. addreas.is 2011 N. Laf aye
<br />sa Trvstors, _,john . M. Cunningham
<br />whoa mailing address is 222 N. Cedar f
<br />as Trustee. and Norwest Financial Nebraska, Inc.. w]
<br />e
<br />89 ,10". 100442
<br />Amount of Other Instalments * 492.09
<br />First Instalment Due Date MarCh 4 . 14189
<br />Final Instalment Due DateFebruary 4_11996
<br />.1989
<br />rsu. , cox 101a ur-drru tbaearrtr, neurabrta voove
<br />.411 Beneficiary.
<br />WrrN MSVM, Trrstors hereby irrevocably, grant, bargain, sell, and convey to Trustee in trust, with. power of sate, the folWIring de-
<br />atdbed ply in Hall County, Nebraska:
<br />Lot Ten (1())• in'Block Eight (8), in ScarffIs Addition to the City of Grand
<br />Island, Hall County, Nebraska.
<br />Together with tonements, bereditaments, and appurtenances thereunto belonging or in anyvdas appertaining and the Ants, issues and _
<br />profits thereof. -
<br />This a�nveyanas is intended for the purpose of securing the- payment to Beneficiary of TlruttaiW promissory note of even date in the
<br />amount stated above as 'Total of Payments ". Said `Total of %yrments" 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 daw 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 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 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 and 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 />3.. To keep, all buildings now or hereafter erected on the property described herein mntinuousJy - insured against Foss by fire or other
<br />hazards 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
<br />in such companies as the Beneficiary may approve and have. 16a payable first to the Beneficiary, as its interest may appear and then;
<br />to the Trusto& The amount collected under any insurance policy may be applied upon any indebtediipse 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 of-Trust or cure or waive any default or notice of default.oe-invalidate any act done pursuant to such notice. In the event of foreclosure,
<br />all rights of the Trustor in insurance policies then in foree4hall,psss to the purchaser at the foreclosuree. sale. '
<br />4. To obtain the written consent of Beneficiary before selciin,. conveying or otherwise tranrferring•fhe property or any part thereof and rY
<br />any such sale; conveyance or transfer without the Beneficiary'a-w ritten consent shall constitute a default under the terms 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 />6. Should•Trustor fail to pay when due any taxes, assessments, insurance premiums, Hens, entumbrances 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 Tt ust: a* permitted by law.
<br />IT IS MiJ'i'UALLY AGREED THAT_
<br />1. In the event-any portion of the properW is.taken or da baged in an eminent domain proceedirtgr the entire amount of the award
<br />or such portion, thereof as may be necessary ta4ully satisfy the obligation secured hereby; shall be• jaid to Beneficiary to be applied to
<br />said obligation,.
<br />2. By aecepting•psyment of any sum secured hereby after its due date, Beneficiary does ntd- waive its right th,requim prompt payment
<br />when due of alliother sums so secured or to declaredefault fce Wure 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, am written
<br />request of the Tntstor and the Beneficiary. or upon satisfaction of the obligation secured and; Written' request for reconveyance' made by
<br />the Beneficiary or•the person entitled thereto.
<br />991 G84 (NE)
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