|
t
<br />NEBRASKA DEW OF TRUST 89-- 00832
<br />(With Power of Sale);
<br />THIS DEED OF TRUB'F.. nta&+ its 14 day of February 19.89_y
<br />between nos t=. r a E_ Ba �t CC.h�a�nrf anal uif
<br />Whose mailing addmw is 7104 E. SUnaet ran slantd•;.- NE 68801 '
<br />as Tiruston, JOrt. M.. Cunningham, AttY.,
<br />whose mailing address ;ici• - 222"Ll Cedar Grand Island NE 68801 : -__
<br />as Trustee, an+d htorgtr sh-F" i�T bras c wltai . r ''nom address is 2337 N. Webb Rd_
<br />�
<br />as Beneficiary,
<br />WITNESSEM Traubm-s hereby irrevocablpi; grant, bar n, sell, and convey to Trustee in trust, with power
<br />of sale, the following desen'bed property in Hat i
<br />County, Nebraska:
<br />Lot Tt at: y (20) in Block Five (5): 0 Valley View Suhdiuisied in the North 1103 Feet
<br />a?F_ti a >.Gzzt I of the NE114 of Sectitq,:22, Township 11, 44arth, fit. je 9, West of the 6th
<br />`` •f f sAI Ccot1~i!+, Grand Island .Iiehraska.,
<br />rtwether with tenements, . hanfitam ute, and appurtenances thereunto belonging.t mip anywise appertaining`r i the rents, iiaaaea araf
<br />proms thereof.
<br />This conveysa t•is iptsnded for the p�t�oae of e�t�t�nng the payment to Beneficiary of Tnratore indebtedness snide �¢ lying
<br />Loan Agreement• dieted re rUarp tiF s lg iii pursuant to whirfi an advance has been ax3e in the sum ofu:
<br />together with charges according to the terns of said Revolving Loan Agreement, and also any and all. indebtedn esa, sums, future advances,
<br />and charges now, or as may hereafter be or become owing by Truster to Beneficiary. under said tiLalrlving Loan Agreement or any future
<br />Sewelving loan Agreement between Truster and Beneficiary up to a maximum unpaid balance of =,.WO, and also payment of any sums
<br />erjauded or advanced by Beneficiary to protect the security hereof. Default in making any payment at the Beneficiary's option and
<br />without notice or demand, render the entire unpaid balance secured hereunder at once due and payie".igf.
<br />To protect the security of this Deed of Trust, Truster covenants and agrees:
<br />1. To keep the property in good condition and repair; to permit no waste thereof; to complete a:.: building, structure or improvement
<br />being built or about to be built thereon; to restore promptly any tuilding, structure or impintement thereon which may be damaged or
<br />destroyed; and to comply with all laws, ordinances, regulations, covenants, conditions anrt rWzI Imes 'E.aG'.L�g the property.
<br />2. To pay before delinquent all lawful tares and assessments upon the property; to k4v zhe pngcty.L,,E, and clear of all other charges,
<br />liens or encumbmaces impairing the security cEthis Deed of Tryst.
<br />3. To keep all buildings now or hereafer•c—twZeA rn%tkg prrperty.6�ztibed herein continuous:Yr imir -rid, s�rW lost loss by .tee or other
<br />hazards in an amount not lees than the total dift. ,mraei: 14- this Deed of Trust. All policies shaX tc lzilr$ ley- tie Beneficiary. and be
<br />in such companies as the Beneficiary may a,-tpr,•'ve ,resat 114VO• loos payable first to the Beneficiary as �ts� my -:Meet may appear and then
<br />to the Truster. The amount collected under any ineu woe, pciicy may be applied upon any indebte�.as�sf+'.ta :•iby secured in such order as
<br />the Beneficiary shall determine. Such application by the beneficiary shall not cause discontinuar.�;e r!: any proceedings to foreclose this
<br />Deed of Tsust or cure or waive any default or notice of default or invalidate any act done pursuant to Mach notice. In the event of foreclosure,
<br />all rights of the Trwtor in insurance policies then in force shall pi to the purchaser at the foreclosure sale.
<br />4. To obtain the written consent of Beneficiary before selling, conveyixg sir others�e transferring the property or any part,therwf and
<br />any such sale, conveyance or trrfin- without the Benefidaryb written contrmLtesalt ixmaitute a default under the terms hereof,
<br />b. To defend any action or pnx,e-1i;r;g purporting to affect the security heiTnr, it the rights or powers of Beneficiary or Trustee.
<br />6. Should Trustor fail to pay when due ant" taxes, assessments. InWrans a: premiums, liens, encumbrances or other charges a_guinst the
<br />Property hereinabove described, Beneficiary 7ssay pay the same, and the amount so paid, with interest at the rate set forth its: the note
<br />aecued hereby, shall be added to and become ax 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 tl:e awsrd
<br />or such portion thereof as may be necessary to fully sati 6j the obligation secured hereby, shall be paid to Beneficiary to be- appliE�d fu
<br />said obligation.
<br />2. By accepting payment of any sum secured hereby after its due dates, Beneficiary does not waive its right to require prompt payment
<br />when due of all other rums 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
<br />request of the Truster and the Beneficiary, or upon satisfaction of the obligation secured and written request for reconveyarim made by
<br />the Beneficiary or the person entitled thereto.
<br />2143 E13 (NEI
<br />r
<br />!rw
<br />P
<br />
|