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WERRA KA D its OF Te UUA7
<br />('With Power'
<br />AWW Mt of i�rit lnatdawttc 3.00 Amount of otbeir Iridg nentr ff• U -1?d_ -
<br />T. of payments S 59940.00 First instalment Dne IIate�; .19�
<br />1 FinallnstaimentDueDate�IauSt 27 _X 2005
<br />Nu mbaref ly taaWwwota,,— —.
<br />T®S AELD or TBuor. -v Atl nst , 29_ 91L-,
<br />. mach � this _�Z `des aE fl
<br />7illlothv C. Mara, itz and Mary P_ Harerit7- `himband and wife
<br />srTMw asailing nitres i. 217 West H, Hastinfls Nebraska 68nQ1
<br />as T naves, John X Cunningbam -
<br />F' whose - mailing address s 222 N-- Cedar P.O- Box 2280 Grand tcland, hla hracka fiPM2 ,
<br />as Trustee, in;d K Financial Nebraska, Inc, whose mailpng address is 2337 N. ,Webb Road
<br />�I0. Box 1373 Grand Island Nebraska .--58802 aa.Benerkiary,
<br />i WITNESSEM Trustors hereby inevbcably, grant, bargain, sell, and eanvey to Trustee is trust, with power vaTa,- faltx ire - --
<br />faiwd propartf is County. Nebcaai::
<br />f Lot Eighteen (18), in Block One (1), in Sothman's Subdivision to the City•of Grand
<br />Island, Hall County, Nebraska.
<br />Together with tenements, hereditamenta, and appurtenances thereunto be longing or in anywise appertaining and the rents, issues and
<br />profits thereof.
<br />This conveyance is intended for the purpose of severing the payment to Beneficiary of TrustoW promissory note of even date in the
<br />amount stated above as 'Total' of Payments". Said " ['alai 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 date@ 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, 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, structure or improvement thereon'wbich may be damaged or
<br />destroyed; and to comply with all laws, ordininees, regulations, 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 other charges,
<br />Dens or encumbrances impairing the security of this Deed of Trust.
<br />3. 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 loss payable first to the Beneficiary as its interest may appear and then
<br />to the Tnrstor. 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 shall pass to the purchaser at the foreclosure sale.'
<br />h. To obtain the written consent or-Beneficiary before selling. conveying or otherwise transferring the property or any part thereof and
<br />any such sale, conveyance or transfer without the Beneficiary s written consent shall constitute a default under the terms hereof.
<br />5. 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 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 t)eed 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 />or 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 after its due date, Beneficiary does not waive its right to require prompt payment
<br />when due of all other sums sa secured or to declare 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 written
<br />request of the Trustor and the Beneficiary, or upon satisfaction of the obligation secured and written request for reconveyonce made by
<br />the Beneficiary or the person entitled thereto.
<br />941 G84 (NE),
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