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89- 103285
<br />BENEFI(AARY
<br />DEED OF TRUST AVC0 FINANCIAL SERVICES
<br />IN'TERNA110NAL, INC.
<br />GRANTOR(S):
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<br />MIM JR CifRA MS A.
<br />LAST MAUK v,wsr ,n.T•,w4
<br />TILLMAN MARGY M
<br />(Address)
<br />1425 N. WEBB ROAD
<br />aur11.e1144 wo.ws►s ci
<br />r1f ►raTR alp Coos
<br />1213 NORTH FALL GRAND ISLAND N8 68801
<br />GRAND ISLAND
<br />12th JUNE 89
<br />- 0D �SKA
<br />THIS DEED OF TRUST. Made this day of .19 between M- Mr, ELZ.liAR - -(MMA X.M3
<br />-AM
<br />hereinafter called TRVSTOR, whose address is 1212 NORTA XUM& i, �:g� IegTAND- pE 6888 MAY M. ROGERS
<br />it herainafter called TRUSTEE, whose address is-Ml N_ 11 ±fiT SJ T_IM 100-_MARA- M 681St
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<br />and AVCO FINANCIAL SERVICE'S INTERNATIONAL, INC., a Nebraska corporation, hereinafter called BENEFICIARY, whose address is
<br />—1423 NOR= lilllRtt RQADV GRAIM TS APM- NT fi88Q1
<br />WiTNESSETH: That Tnrstot,GRANTS. C6NVEYS, SULLS AND WARRANTS TO TIZ.I)STEE, IN'r1[ik'•ST, WIT- 141yaWR OF SALE, the following described
<br />property, situated In AAA TT. County, Netms ii:
<br />The Southerly Sixty Six (66) Feet of Lots Four (4) SM4 Five•(5), in Block Sixty Throe (63),
<br />MmOletr and Bennettta Second Addition to the 101ty of "Grand Island, RALI County, Nebraska.
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<br />(Number a Street)
<br />together with all buildings and iinprovements now or hereafter erected thereon and all screens, awnings, shades. stotm:s* anal Kbids. and PSestatg, lighting;
<br />plumbing, gas. electric, ventilating, refriger2ting and air - conditioning equipment used in connection therewith, all of which, for the purpose of this Deed-of
<br />rust, shall be deemed
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<br />fixtures and subject to the lien hereof, and the hereditaments and appurtenances pertaining to the property_ above' d. and all,-.
<br />aunye,.f,3—w -s;•w --ter- right;; iilierliea and priviieg, wnatsoever thereunto beliittginF or in anywise appeiLdi�tng and the
<br />reversions and remainders, alt of which it referred to hereinafter as the "premises ".
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<br />Tmr HAVE AND TO HOLD the *► e R 'Ie typs the appurtenances and fixtures. unto the said Beneficiary,. its successors and assigns, fe ,-ever, for
<br />tt)er purposes anal uses herein t fr
<br />benefits under and by virtue of any Homestead Exemption lav;s of the State; of Nebraska .
<br />W may be. enacted, which d
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<br />z f , or dots Hereby expiesaty release and waives.
<br />Truster also asslgt s ate Benefrci '�jl{,lsremises, granting the right to collect and use the same, witFk er *ithout taking Possession of
<br />the premises, d):.t•Ytrg continuance of default hereunder, and during continuance of such default authorizing Beneficiary
<br />to enter upon sad premises and os to collect
<br />alai enforce the same wilhout regard to adequacy of any security for the indebtedness hemby secured by any lawful means including appointment Uf a receiver in
<br />dins name of any party hereto,; and to apply the same less costs and expenses
<br />of operation and collection, including reasonable attorney's fees, upon any indebted -
<br />gem secured hereby. in such a -<s.or as Beneficiary may determine,
<br />FOR THE PURPOSE OF SECURING: (1) Performance of each agreement of Trustor contained hmt in; (2) Payment of the principal sum with interest, as. .
<br />pcuidded in accordan with the terms and provisions of a Promissory Note / Loan Agreemetlt •(hereinafter referred to as "promissory note ") dated.
<br />12,
<br />:IViis 1989
<br />.'herewith executed by Trustor and payable to the oo�gneficiary, in the Principal sum of
<br />$ '
<br />and having the date of its final payment due on _44 , or as extended.
<br />deferred or re�thedtded by renewal or refinance. (3) Payment of any additional advances, with interes: thereon as may hereafter 'be loaned by Beneficiary(
<br />to Trustor in a does not su n bf S within 15 years from the date of this Deed of Trust; however,
<br />this paragralTTL deed not constitute a commitment by Beneficiary to make future advances; (4) The payment of any money that may be advanced by the
<br />Beneficiary to Truster for Eus- reason or to third parties, with interest thereon, where the amounts arc advanced to protect the se,:uriiy in accordance with the
<br />c0i,ewnts of this Deed cf Trust: (5) Any renewal, refinancing or extension of said promissory note. br any other agreement to be
<br />therefor. pay which may substituted
<br />All payments rn:adr by Trustor on the obligation secured by this Deed of Trust shall be applied in the following order:
<br />FIRST: To the payment of taxes and assessments that may be levied and assessed against said premises. insurance premiums, repairs, and all other charges
<br />and expenses agreed to be paid by the Trustor.
<br />SECOND: To the payment of interest due on said loan.
<br />THIRD: To the payment of principal.
<br />TO PROTECT THE SECURITY HEREOF. TRUSTOR(S) COVENANTS AND AGREES: (1) to keep said premises insured against loss by fire and other
<br />hazards. casualty and contingencies up to the full value of all improvement- for the Beneficisry
<br />protection of in such manner, in such amounts, and in such
<br />companies as; Beneficiary may from time to time approve, and that loss proLecds (Im. expense of collection) shall, at Beneficiary's options be applied on said
<br />indebtedness. whether due
<br />or not or to the restoration of said improvements. In event of loss Trustor will give immediate notice by mail to the Beneficiary,
<br />who may make proof of loss if not made promptly by Trustor, and each insurance company concerned is hereby authorized and directed to make payment for
<br />such directly to the Beneficiary instead to the Trustor.
<br />.loss of (2) 7o pay all taxes and special assessments of any kind that have been or may be levied or
<br />assessed upon said premises, and to delivery to Beneficiary, upon request of the Beneficiary, the official receipt showing payment of all such taxes and
<br />assessments. (3) In the event of default by Trustor under Paragraphs 1 2
<br />or above. Beneficiary, at its option, may (a) place and keep such insurance above
<br />provided for in force throughout the life of this Deed of Trust and pay the reasonable premiums and charges therefor: IN pay all said taxes and assessments
<br />without determining the validity thereof; and (c) Pay such liens and disbursements
<br />all such shall be deemed a part of the indebtedness secured by this Decd of
<br />Trust and shall 'be immediately due and payable by Trustor to Beneficiary. (4) To keep the buildings and other improvements now csisting or hereafter
<br />erected in good condition and repair, not to commit suffer
<br />or any waste or any use of .said premises contrary to restrictions of record or contrary to law, and
<br />to permit Beneficiary to enter at all reasonable times for the purpose of inspecting the premises; not to remove or demolish any building thereon; to restore
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<br />promptly and in a good and workmanlike manner any buildings which may be damaged or destroyed thereon, and to pay. when due, all claims for labor performed
<br />and materials furnished therefor; (5) That, if a signer of the Promissory Note, he will pay, promptly the indebtedness secured hereby. and perform all other obliga-
<br />tions in full compliance with the terms of said Promissory Note and this Deed of Trust. (6) That the time of payment of file indebtedness hereby secured, or of any
<br />portion thereof, may be extended or tenswed, and any portions of the premises herein described may, be
<br />without notice, released from the lien hereof, without
<br />releasing or affecting the personal liability of any person at the priority of this Deed of Trust. (7) That he does hereby forever warrant and will forever defend the
<br />title and possession thereof against the lawful claims of any and all persons whatsoever.
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<br />IT iS WMALLY AGREED THAT:
<br />(1) Should Trustor fail to make any payment or do any act as herein provided, or if any action or proceeding rs conrfnenced uhich materially affects
<br />Beneficiary's interest in the Premises, then Beneficiary Trustee, but
<br />or without obligation to do so, and without notice to or demand upon Tnis!c,r. =nd
<br />.vith^u! re!racing Trustor from, any oblivAiivu hctcunder, may maKe or do the same, and may pay, purL base, contest or compromise any encumbrance, charge
<br />or lien, which in the judgment of either appears to
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<br />affect said property; and in exercising any such p„aers, incur any hal+ihfy and cspend .%hatc%er amounts in
<br />the absolute discretion of Beneficiary or Trustee either may deem necessary therefor. All Burns eo incurred or expenda•d M lienctic•tary or Tra;ICC shall be
<br />without demand immediately due and payable by Trustor, bear
<br />shall mtcrest at the highest fare pennit ted by Los, and ,hall he ;eL ured hcrrhy
<br />421 Should the Premises or any part thereof be taken by reason of any condemnation prucecduie, licnefru.os shall he entnle,l r„ , .n,ipLn�.rn••n.
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<br />:and other paynrcnis therefor, and to apply the same on the indebtedness secured hereby.
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<br />f31 fly accepting payment of any sum hereby secured after its file date, •r .fief the hhn+ (it nnUa r „t default and ..t eh. n„n t., . II. ilenclr, un Ir.,lt n „r
<br />waive its right to require prompt payment when due of all other mini; ..o sc.uied, ur to de.lav dctault im 1 rdury t•, , 1•.q• ,•, t•, unli ti,,-
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<br />pu,,eed .tl: unicr
<br />any suds nuilce of default and 4 ciccuon to sell, lot any unp.od hal.a nc ..f sod indchredness i( Ben. ur.,n h„lafs .ms Aditu•nal ,cL urity for .ill) "I'll •rrr,m
<br />wtured hL reby, it may cnfwr a the sale therc••I •rt Iv. upturn, either hcfnrc. ,,,nlernpnranc„usly urrh, ttf,r •hc hc:rund,
<br />a•• „I: r, -:, r,le r
<br />26 (1474 IaEV 1 061 NE r.ENQHAL USUnV LAW
<br />ORK31 lfAl
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