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<br />1W,$RMKA DEED OF TRUST
<br />i ith Power of Sale1
<br />�a 1�4rst tiu�taimsnt 4
<br />SO X&
<br />46200QQ A�n>x� -:e e:.Otlier t%� reate 554.00
<br />2mYut First ms7eJment Due bate June 5 19 89
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<br />-N }?Yri3er of fMdntitly Instalments Final Instalment Due Date May I9
<br />THIS DEED OF TRUST, made this ag day of May . 19 _,
<br />between . Ronald E Logue and Beverly K. Logue husband and wife
<br />whose mailing address it 1734,.5 Ingalls Grand Island, Ne. 68803
<br />as Tnatoro..___.-- john..Cuu ningham atty
<br />whose mailing address is —.222 N _ CEdar Grand IS 1 dltd,_ Ne. 68801
<br />as Trustee, and hlorwest Financial Nebraska, Inc. whose mailing address is
<br />_._ �33i yprth Webb._Rd, _P Box 1373 Grand Island, Ne. 68802 �_ ;{ Benerciary,
<br />WiTN1 SSSIRTFi, Trustors hereby irrevocably, grant, bargain, sell, and convey to Trustee in trust, with power of sale, the following de-
<br />scribed property in ` _ Ha 12_ __ _ _ County, Nebraska;
<br />Lot Six (6), Bl©ck Two (2), West Bel Air 4th Addition to the City of Grand Island,
<br />Hall County, Nebraska.
<br />Together with tenements, hereditaments, and apywzanances t:.hemunto belonging or in anywise appertaini_-xg and the rents, issues and"
<br />profits thereof.
<br />This conveyance is intended for the pim,.Tw ai securing the payment to Beneficiary of Trustors' promissory note of even date in the
<br />amount stag above as ' rota: of PaymenL:i°. Said ''Total of Payments" is repayable in the number of monthly instalments stated above.
<br />The amount of the instalment payments due an fa.d Twii`, is stated above. The first and final instalment due d< ea on said loan are stated
<br />tab°! ve. Payment may be made in advance in a- -r amj=% at any time. I 'Mfnilt m making any payment sha!3, st the BeneAciary's option
<br />died without notice or demand, render the entire t.n_pa:d iislance of said loan at once due and payable, less any requirred rebate of charges.
<br />To protect t'ne security of this Deed of Trust, Yrustor covenants and ag; ees:
<br />1. To keep the property in good condition and repair: to permit nr waste thereof: to complete any building, structure eat^ improvement
<br />being built or about to be built thereon; to restilrs promptly any budding, structure or improvement thereon which may he damaged or
<br />destroyed; and to comply with all laws, ordinances. regal zmons, 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 oti:* c ~.argi~s,
<br />liens or encumbrances impairing the security of E'rai�i Deed of Trust.
<br />3. To keep all buildings now or hereaLtar erected on the property described herein continumollf insured against loss by fiie or other
<br />hazards in an amount not less than the tv.; tf debt secured by this I)eed of Trust. All policies shall he held by the Beneficiary, and he
<br />rn such companies as the Beneficiary may approve sad have loss payable first to :.he Beneficiary as its interest may appear and then
<br />to the Trustor. The amount collected under any insz eazee! policy may be applied capon any indebtedness hereby secured in such order as
<br />the Beneficiary shall determine. Such application by f:t:n Beneficiary shall not cause discontinuance of any proceedings to foreclose this
<br />Deed of Tm%t or cure or waive any default :.r notice of default or invalidate any act done pursuant to such notice. In the event !,fI foreclosure,
<br />all rights of the Trustor in insurance poh varet;1hen in force shall pass to the purchaser at the foreclosure sale.
<br />4. To obtain the written consent of Benviicia:y be ;urt. riciling, conveying or otherwise transferring the property or any part thereof and
<br />any such sale, conveyance or transfer without the BenePic«ary's-written consent shall constitute a default under t -he terms hereof.
<br />5. To defend any action or proceeding purporting to air'ect the security hereof or the rights or power'r of Bene(Iriary or Trustee.
<br />6. Should Tnrstor fail to pay when due any taxes, assessments, imsurance 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 he added to and become a part of the debt secured in this Iced of Trust as permitted by law.
<br />iT IS MUTUALLY AGRF:EI) TIIA1'
<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 he paid to Beneficiary to be applied to
<br />said obligation.
<br />`L By accepting payment of any sum secured hereby after its due date. Beneficiary does not waive its right to requires ptuiupt payment
<br />when due of all other sums sir stnured or to declare default for failure to so pay.
<br />3. The Trustee shall reconvey all nr any part of the property covered by this Deed of Trust to the persm entitled thereto. on written
<br />request of the Trustor and the Beneficiary, or upon satisfaction of the obligation secured and written request for reconveyaence made by
<br />the Beneficiary or the person entitled thereto
<br />991 CM1 ME)
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