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<br />NEBRASKA DEED OF TRUST
<br />(With Power of Sale)
<br />1.mount of Fu-st InstalmenA 328. 16 Amount of Other In�alments E 320.00 \
<br />Total of Pa;^ en•� e 1 First Instalment Due Date June 1 89 -
<br />Number of Monthly Instalments 60_ Final I - -1 I9__
<br />nstalment Due Date �'._ y , 19 94
<br />THIS DEED OF TRUST, made this 26 day of Apri I 19 89
<br />between —_Daryl I _ Sadl dad Pearl R. Smith husband and wife
<br />whose mailing address is _ 1623 N Park Grand Island. Ne. 68803
<br />as Trustors, John Cunningham at .y
<br />whose mailing address is 222 N Cedar Grand Island Ne 68801
<br />as Trustee, nad Norwest Financial Nebraska, Inc., whose mailing addreso is
<br />PQ Rnx 1323 2317 North WPM, Rd Grand Island Ne 68802
<br />w'ITNESSETH, Trustors hereby irrevocably, s Beneficiary,
<br />y gran ; bargain, sell, and convey to Trustee in tarsi, with power of sale, tee following de-
<br />scribed property in Hall
<br />County, Nebraska:
<br />Lot 139, West Lawn Addition to the City of Grand Island, Hall County
<br />Nebraska
<br />N
<br />Together with tenements, hereditaments, and appurtenances thereunto belonging or in anywise appertaining and the rents, isaues and
<br />profits thereof.
<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 iota] of Payments ". Said 'Total of Payments" is repayable in the number of monthly instalments stated above.
<br />The amount of the instalment payments due cn said loan is stated above. The frst 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 pey ible, 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, stricture or improvemt-i'a 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 delirquent 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 ofthis Deed of Trust.
<br />3. To kecp all buildings now or hereafter erected on the property described herein continuously insured against loss by fire or other
<br />hazards in an amount not less than the total debt secured by this Deed of Trust. A11 policies shall be held by the Beneficiary, and be
<br />in such companies as the Beneficiary may approve and have loss payable First to the Beneficiary as its interest may appear and then
<br />to the Trustor. The amount collected under any insurance policy may be applied upon any indebtedness 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 />'''eed of Trust or cure or waive any default or notice of default or invaheate any act done pursuant to such notice. In the event of foreclosure,
<br />t!.' rights of the Tn:stor in insurance policies then in force shall pass to the purchaser at the foreclosure sale.
<br />q. To obtain the written consent of Beneficiary before gelling, conveying-or otherwise transferring the property or any part thereof and
<br />any such sale, conveyance rr transfer without the Benefkciary's written consent shale constitute a default under the terms hereof.
<br />5. To defend an action or proceeding }` c'
<br />Y p g 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, liens, encumbrances 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 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 the award
<br />o: 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 gRer its due date, Beneficiary does not waive its right to require prompt payment
<br />when due of all other sums so secured or to derlare 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'1Vritten
<br />request of the Trustor 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 />"I G84 (NE)
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