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201707443
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Last modified
12/9/2019 6:37:23 PM
Creation date
2/22/2018 3:28:44 PM
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DEEDS
Inst Number
201707443
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DEED OF TRUST <br />WITH POWER OF SALE <br />TRUSTOR AND BENEFICIARY AGREE AS FOLLOWS: <br />201707443 <br />THIS DEED OF TRUST is made on this.) day of October, 2017. The Trustor, whether <br />one or more, is Midwest Premier Investments, LLC. The Trustee is Gregory M. Neuhaus, <br />Attorney at Law, 205 S. Cedar, Ste. 105, Grand Island, Nebraska, 68801. The Beneficiary, whether <br />one or more, is David L. Larson, Trustee of David L. Larson Revocable Living Trust dated <br />October 15, 2002 and Catherine M Larson, Trustee of Catherine M. Larson Revocable Living <br />Trust dated October 15, 2002. The Beneficiary's address is 505 Linden Avenue, Grand Island, <br />Nebraska, 68801. Trustor irrevocably conveys to Trustee, in Trust, with power of sale, the <br />following: <br />Lot Eight (8) Holcomb's Highway Homes Addition to the city of Grand Island, Hall <br />County, Nebraska. <br />Together with all the rents and profits therefrom and subject to easements and restrictions of <br />record, if any. <br />Trustor owes Beneficiary One Hundred Twenty Thousand Dollars ($120,000.00), evidenced <br />by Trustor's note of even date, payable according to the terms thereof. <br />This Security Instrument secures to Beneficiary the Debt evidenced by said note, the <br />payment of all other sums, with interest, advanced under the provisions hereafter to protect the <br />security and the performancy of Trustor's covenants and agreements. <br />Trustor covenants that Trustor is lawfully seised by such real estate and has the legal power <br />and lawful authority to convey the same and warrants and will defend title to the real estate against <br />the lawful claims of all persons. <br />1. Trustor shall pay when due, the principal and interest as provided in said note. <br />2. All payments received by Beneficiary shall be first applied to advances, which may <br />have been made by Beneficiary and then to interest due and last to principle due. <br />3. Trustor shall pay all general real estate taxes and special assessments against the <br />property before the same become delinquent. <br />4. If Beneficiary determines that any part of the property is subject to a lien which is or <br />may attain priority over this security instrument, Beneficiary may give Trustor a notice identifying <br />the lien and Trustor shall satisfy the lien within ten (10) days. <br />5. Buyer shall keep the improvements on said premises insured against loss by fire and <br />hazards included within the term "extended coverage" for their insurable value and policies for the <br />same shall include a standard mortgage clause showing Beneficiary herein. In event of loss, <br />Beneficiary may make proof of loss if not promptly made by Trustor. Insurance proceeds shall be <br />applied to restoration or repair of the property damaged, unless both parties otherwise agree, except <br />if proceeds shall be paid on the debt herein, whether or not then due. Beneficiary shall be listed as <br />additional payees on any policy insuring the premises. <br />
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