|
1
<br />Amount of First Instalment $ 289 _ QD
<br />Total of Payments s3401.0
<br />Number of Monthly Instalments _.120
<br />THIS DEED OF TRUST, made this
<br />between Roland D. Sems
<br />whose mailing address is 910 E
<br />as Trudars, John M_ Cunn.
<br />'u da 2221
<br />NEBRASKA DEED OF TRUST
<br />(With Power of Sale)
<br />RIM
<br />Amount of Other Instalments s ono nn
<br />First Instalment Due Date junp IS ,19AR
<br />Final Instalment Due Date flay IS
<br />day of . ay
<br />arol A. Sems, husband and wife
<br />ihoma Grand Island, Nebraska..68801
<br />—16 ose mar rig a regs rs -- - - - -- - - -- -- -- - ,
<br />as Ttvstlee, and Norwest Financial Nebraska, Inc, �- mat lif? address is 2337 N. Webb Raad •.:`t `
<br />P.O. Box 1373 Grand Island�� Nebraska 68802 - .:,.no Beneficiary,
<br />Wei, Trustora hereby irrevocably, grant; bargain, self, and convey to Trustee in trw with pmvw r! SEX ,.4ni. following de-
<br />scribed property in Hall !c"vrarcl y, Nebraska:
<br />Lot 9 in Block 3 in Pleasant View Addition to the City of Grand Island, Fall County,
<br />Nebraska.
<br />Together with tenements, hereditaments, and appurtenances thereunto belonging or in anywise ap,:ertturriig and the rents, issues and
<br />profits thereof.
<br />This conveyance is intended for the purpose of iroz ring the payment to Beneficiary of TruatoW pvnira note of even date in the
<br />amount stated above as '"Total of Payments ". Said '"Total of Payments" is repayable in the number-1 cf rriG .y instalments staged above.
<br />The amount of the instalment payments due tin said loan is stated above. The first and final irstaltuent 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 pay;rmtt shall, at the Beneficiary's option
<br />and without notice or demand, render the entire unpaid balance of said loan at once due and payable, lees 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 eomp!e -t& vzipbuildimk, Ftttture or improvement
<br />being build or about to be built thereon; to restore promptly any building, structure or impzowvvdnvthereon which rryr be damaged or
<br />destroyed; end to comply with all laws, ordinances, regulations, covenants, conditions arvb reatrictio:.3,affecting the property.
<br />2. To pay before delinquent all lawful taxes and aswssmtmt.„= upon the property; to keep th+ pnferty free and clear of all other charges,
<br />liens or encumbrances impairing the security of this Unit, urTrast.
<br />3. To keep all buildings iiou or hereafter erected rn the property described herein corLtirj ;i=s1y insam4 against loss by fire or other
<br />hazards in an amount not le.,m 0-wi. tl-e total debt secured by this Deed of Tm3t. All'polWei rhaall be held by the Beneficiary, and be
<br />in such companies as the Benerr ara may approve and have loss payable first to tiva Betty =.firiji:j'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 b; the Beneficiary shall not cause di4continuance of any proceedings to foreclose this
<br />Deed of Trust or cure or va3h,e any default or notice of default or invalidate any art doru3 p osuant to such na.ice. In the event of foreclosure,
<br />all rights of the Trustor im ins :ranee - ,'icies then in force shalt pass to the purchaser at thsr(fereciosure sale. '
<br />4. To obtain the written consent ,3f Beneficiary before selling, conveying or otherwise tta_ -isferring the ps7iperty or any part thereof and
<br />any such Fale, conveyance or transfer. wr t out the Beneficiary's wnttrn consent shall coru3tieute a default under the terms hereof.
<br />S. To defend any action or proceeding purporting to affect the security hereof or the rig„ �;s or powers of Benrjir:ary or Trustee.
<br />6. Should Trustor fail to pay when due any taxer, :te::essments, insurance prarritr..a3; liens, encumbrann::i ur other charges against the
<br />property hereinabove described, Beneficiary may pay-the :,,me, and the arrou.?,t so Raid, with interest at t}-.e rate set forth in the note
<br />secured hereby, shall be added to and become a part 40,e debt secured in th'i3 Dped of Trust as isermtitted by law.
<br />IT IS MUTUALLY AGREED THAT:
<br />1. In the event any portion of the arcperty is tsl:en or damaged in an emzr:Widomain proceeding, the entire amount of the award
<br />or such portion thereof -s 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 actepting payment of any sum secured hereby after its due date, 8twirniary does not waive its right to requina prompt payment
<br />when due ,;fa.lt q lmn i -vt�ns so SE:ured ix to declare default for failure to so pay.
<br />3. The Trustee s?:sll. reconvey all cr anu part of the property covered by th; 3• Veed of Tntst to the person entitled thereto, on written
<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 />991 G84 (NE)
<br />t
<br />
|