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L; z: 0 1041900
<br />" _ ... NEBR"KA DEED rTRUST L" ... .
<br />'(With P4*e r of Sale)
<br />Atssorri�,a[First`In.taiue i 290.00 Amount ofOawinstalmentsit 290.00 <
<br />Total sf Paytit�rspta
<br />Nuid y 800 xuioer t Dy Date Sept c 27 „ 1990
<br />l>wabwetda � Final lnatrlment Due nos. Jul X'27 , IL9
<br />... '. TWS DEED OF TRUST,. made this _22 day of August . 1990
<br />Bruce A. Lorance "and Lucf l le E. Lorance. - husband and wife
<br />mailing address L 1222 Fant 6th., Grand Island, NE 69801
<br />as Tnsawrie, .7nhn M GnnniOaham '
<br />vbae mu-lU* addrisssif P -0_ Sax X280 Grand Island, { 69802
<br />im Tntatee;'and Norwest Finanew Nebraska, Inc., .whose mailing address is 233T N. Webb Rd_ `
<br />`P -0_ Box 1331 and l .#and. NF . fiSM2 asBeneffici
<br />' z9wnR .Tmatera hereb are-
<br />. ! y irrevocably, grata, bargain, sell and convey to Trustee in trust,_ with pourer of �a1e; the following de-
<br />scribed property in Ha f 1 County, Nebraska-
<br />} lots Seven (7) and Eight (8), ,Block Ten (10), Lambert's Addition to the City of Grand
<br />f
<br />Island, Hall County, Nebraska.
<br />i
<br />i
<br />Together wits} tenements, hereditament., and appurtenances thereunto belonging or in anywise appertaining and the rents, issues and
<br />proli 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 "Total of Payments". Said 'Total of Payments" is repayable in the number of monthly instalments stated above.
<br />The amount of the instalment payments due on said loan is stated above. The first 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 payable, less any required rebate of charges.
<br />To protect the security of this Deed of Trust, Truster covenants and agrees:
<br />i 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, structure or improvement 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 delinquent all tawfal taxes and assessments upon the property; to keep the property free and clear of all other charges,
<br />liens or encumbrances impairing the security of this Deed of Trust.
<br />1 8. To keep 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. All policies shall be held by the Beneficiary, and be
<br />in such companies as the Beneficiary may approve and have toes payable first to the Beneficiary as its interest may appear and then
<br />to the Truster. 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 />Deed of Trust or cure or waive-any default or notice of default or invalidate any act done pursuant to such notice. In the event of foreclosure,
<br />all rights of the Trustor in insurance policies then in force shalt panto-the purchaser at the foreclosure sale.
<br />4. To obtain the written consent of Bemficia y before selling, conW.' ng or otherwise transferring the property or any part thereof and
<br />any such sale, conveyance or transfer without theBeneficiary'b written 46ttaent shall constitute a default under the terms hereof.
<br />b. To defend any action or proceeding 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 heivinabove 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 Reed of Trust as permitted by low.
<br />IT 13 MUTUALLY AGREED THAT
<br />I. 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
<br />said obligation. the obligation secured hereby, shall use paid to Beneficiary to be applied W
<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 veeured or to declare default for failure to so pay
<br />3. Tito Trustee shall reconvey all or any part of the property coveted by this Deed of Trust 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 Beneficittry, err thin person entitled thereto.
<br />931 UP (NE)
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