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<br />D88D of TRUST
<br />89_=_101081
<br />THIS DEED OF TRUST is made as -.of the 3— day of March, 1989, by and among
<br />FELIX V. RAMIREZ and GLENNA L. RAMIREZ, husband and wife, ("TRUSTOR"), whether
<br />one or more, whose mailing address is: 423 East 13th Street, Grand Island,
<br />Nebraska 68801; -
<br />and DUANE A. BURNS, ( "TRUSTEE "), whose mailing address is: P. O. Box 2300,
<br />Grand Island, Nebraska 68802;
<br />and KENNETH H. SCHMIDT and PHYLLIS C. SCHMIDT, husband and wife as joint
<br />tenants, ( "FICIARY"), whether one or more,,. whose mailing address is: 416
<br />East Oklahoaa, Grand Island, Nebraska Fwcl_
<br />FOR VALUABLE CONSIDERATION, . Trustor irieaisr_ably transfers, conveys, and
<br />assigns to Trustee, IN TRUST, WITH POWER OF Sj", 'for -the benefit and security
<br />of.:Heneficiary, under and subject to the terms and editions of this Deed of
<br />Trust, the real property located in the City of Grand`Island, County of Hall,
<br />State of Nebraska, and legally described as &1 ows: (the "Property "):
<br />Lot Ten (10) in Block Sixty -Four ('64) in Wheeler and
<br />Bennett's Addition to the City of Grand Island, Hall County,
<br />Nebraska.
<br />TOGETHER WITH all rents, easements, apr.mrtenances, hereditaments, interesiM..
<br />in adjoining roads, streets imdl.elleys, imprdvements and buildings of any kind
<br />situated thereon and all pers2i'li- .. that may be or hereafter become an
<br />integral part of such buildin ;'i.; and improvements.
<br />The property and the erft_ re.`. eztate and interest conveyed to the Trustee are
<br />referred to collectively as the "Trust Estate ".
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness in the total principal amount of $15,500.00,
<br />with interest thereon., as evidenced by that certain Promissory Note of even date
<br />(the "Note ") with a maturity date of March 15, 1999, executed by Truster, whicih,�,
<br />has been delivered and is payable to the order of Beneficiary, and which by this,
<br />reference is hereby made a part hereof, and any and all modifications,
<br />extensions and renewals thereof, and, . .
<br />b. Payment of all sums advanced by Beneficiary to protect the Trust
<br />Estate, with. interest thereon at the rate of ten (10) percent per annum.
<br />.C. Performing the terms of the Agreem�eQ� for wade and Purchase of Real
<br />E4�atta entered into bettween the parti�ss. on tip 'Z f, 1989 which Agreement is
<br />ircri,LT4- rated herein by reference.
<br />This De'&A of Trust, the: 1.1;ote, and any cther instrument given to evidence or
<br />further secure the 'V yment and perform-,ace. of any obligation secured hereby are
<br />referred to colle :ti 4ely as the "Loan In.,z--trw cents" .
<br />'A.* PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMM_ OF' WDEBTEDNESS. Trustor shall pay when due the principal of,
<br />and the interest on, the indebtedness evidenced by the Note, charges, fees and
<br />all other sums as provided in the Loan Instruments.
<br />2. TAXES. Truster shall pay each installment of all taxes and special
<br />assessments of every kind, now or hereafter levied against the Trust Estate or
<br />any part hereof, before delinquency, without notice or demand, and shall provide
<br />Beneficiary with evidence of the payment of same. Trustor shall pay all taxes
<br />and assessments which may be levied upon Beneficiary's interest herein or upon
<br />this Deer? of Trust or the debt secured hereby, without regard to any law that
<br />may be enacted imposing payment of the whole or any part thereof upon the
<br />Beneficiary.
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