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101044
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<br />'NEBRASKA DEED OF TRUST
<br />(With Power of Sale)
<br />Amount of First Instalment $ 550.00 Amount of Other Instalments = 550.00
<br />Total orPaymento i39 0Q.00 First Instalment Due Date April 7 , 19f.
<br />Number otMonthly Itutalmenta _ 72 Final Instalment Due Date March 7 19
<br />THIS DEED OF TRUST, made this 2 day of _ March 19 8g
<br />between — James W. Nelson and Rose M- Neison* husband and mifa
<br />whose mailing address is ___t039 N. Sherman Grand island, NE 68803
<br />.lohn M CWnnin� y '
<br />as Trwtors, — � 6tt
<br />whose mailing address is 222 N_ Cedar Grand ialand, NE 68801
<br />as Tnutee. and Norwest Financial Nebraska, Inc.. whose mailing address is 2337 N. Webb Rd
<br />P.O. Box 73 Grand island- NF 68802 , as Beneficiary,
<br />WITNESSETH. Trustors hereby irrevocably, grant, bargain, sell, and convey to Trustee in trustt, with t
<br />scribed property in - -_ _ Hall power" of sale; the fe1 owing de-
<br />Coumty; Nebraska:
<br />Lot Six (6) and the Northerly Forty -seven (47-)'Feet of Lot Seven (7), in Block.- Ten (10)'s.
<br />in West Park Addition to the City of Grand Island, Hall County, Nebraska.
<br />Together wl*i Irenements, hereditamenPA,find appurtenances tha!p� jtrlts belonging or in any :appertaining and the Yr*•', issues and
<br />profita thereof
<br />This convey== lei, iuinnded for the purpose of securing the payrt rzt to Beneficiary of Tnistors' promissory note of even date in the
<br />amount of Payments ". Said 'Total of Paymegp� is repayable in the number of monthly instalments stated above.
<br />The amount of ifsie' instalment paymenLr brie on said loan is stated iiljois. The first and final instalment due dates on said'vran are stated
<br />above. Paymaitt:'•li:ray be made in advacrxr•fn any amount at any lima~ . Vefault in making any payment shall, at the Ber:W ,saryrs option
<br />and without +v V. a or demand, render the entire unpaid balance af: ra)Wliaan at once due and payable, less any required rebate a`
<br />charges.
<br />To protect the security of this Deed of Trust, Trustor coveumci riip3'agrees:
<br />R. To keep the property in good condition and reprii;,- fir l t 'no waste thereof; to complete any building, structure or improvement
<br />iai#g-1Wlfx.RY,#bout to be built thereon; to restore pranpilk • aul 4dVding, structure or improvement thereon which may lbx damaged or
<br />uGSty ny f ; urnli tia'� amply with all laws, ordinances, regalatio;rs. csivstum% conditions and restrictions affecting the property.
<br />2. T� t7a is iirfiittv,60inquent all lawful taxes and as2t1.9infAitE u zit the property; to kee the
<br />1 P pn�terty free and clear of al<< :Y1her charges,
<br />lions or enc�ntrirattri3y,�riring the security of thin• Deed: of Trust; ^ •
<br />3. To keep or hereaf{er erected oh the propefy described `a :rt:-n continuously insured against loss by fire or other
<br />hazards in au, ingra.,it not less than the, fifr3l debt secured by thin Deed of Trust. All policies shall be held by the Beneficiary, and be
<br />in such eomi}aiW4 as the Beneficiary niay, approve and have lops.'payable first to the Beneficiary as its interest may apvrar and then
<br />to h the Tnrdiir:- '1`tf:e amount collected wtdar any insurance policy itula Cue applied upon any indebtedness hereby secured 'ass sach order as
<br />the Beneiici .hall determine. Such application by the Benefieira y r `call not cause discontinuance of any proceedings W. foreclose this
<br />Deed of Trust'ot cure or waive any default or notice of defaulter rove,., ata:any act done pursuant to such notice. In the ere: t of foreclosure,
<br />iili rIg'hts ofthe Trustor in insurance policies then in force shali.pan to purchaser at the foreclosure sale.
<br />A. To obtain the written consent of Beneficiary before iielliny, coim -dj`ng or otherwise transferring the property or any rg' u-t thereof and
<br />any such male,:conveyance or transfer without the Beneficiary's writtu.rs s;sent shall constitute a default under the terms hey svf
<br />5. To deft:nii gry action or proceeding purporting to offect t�N ?i wa,nm frwieof or the rights or powers of Beneficiary or Truzi,W.
<br />6. Should TrUstor fail to pay when due any taxes, aq;wv=e:mA_ := i!::r.r •„> p- Trunut:;ms, liens, encumbrances or other charges against the
<br />property hijivinabove described, Beneficiary may pay the same, a kc ': ,!� so paid, with interest at the rate set forth in the note
<br />nacured heteby; shall be added to and become apart of the debt secuct , Deed of Trust as permitted bylaw.
<br />IT 18 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 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 obligation.
<br />2. By accepting payment of any sum secured hereby after its due date, Beneficiary does not waive its right to require prompt payment
<br />when due of all other sums 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 need of Trust to the person entitled thereto, on written
<br />request of the Tr=Aor and the Beneficiary, or upon satisfuction of the obligation secured and written request for reconveyance made by
<br />the Beneficiary or the person entitled thereto.
<br />991 G84 Inks)
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