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<br /> �' �9-" 106349 �
<br /> NEBRA9K.A DEED OF TRUST
<br /> (Wit6 power otElgle)
<br /> Amount of Firet Inatalment= 645.�0 Amount of Olher InatalmenU i 6�.�OO
<br /> '1bta1 of Paymeatt S 54�$O.�� Firet in�talment Due I7►ata D2C2rtIDQ1^ 2719.�.
<br /> Number of Monthly In�talmonta 8a__._. �A,�I,,,c�i�„t D»e Dat� November 2� 19 96
<br /> 7'FIIS DEED OF TRUST, made thfs 20 daq of -- N�v mh r � lg�_,
<br /> ��„�„ John G. Sevmour and Carol L. Sevmour. husband and w�fp
<br /> whae mailing addee�e ia Rt. 2 Box 175A Grand Island _NE 68801 -- '
<br /> , � �,�, John M. Cunninaham �
<br /> whose mailing addreea la ?22 N. Cedar P.0 Box 2280 Grand Is 1 and NF 6880
<br /> aa'I�uetee, and Norweat Financial Nebraeka, Inc.. ahoee ma9ling addreae ie 2337 N. Webb Rd_ �
<br /> P.O. Box 1373 Grand Island NE 68802 , � �nef�;�,,
<br /> , WITNE�uSETH,Trustore hereby irrevocably,grant,bar,ga i�seU,and convey W Trustee in truat, with power of eale, the following de�
<br /> acribed property im fi
<br /> . County. Nebraska:
<br /> Lot 1 in Naubold Subdivision in Hall County, Nebraska.
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<br /> Together with tenemeata,hereditamenb, and appurtenances thereunto belongiAg or in anywisg appertaining and the rents,isauea and '
<br /> . • pmfitv thereof.
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<br /> 'Phis conve ance ia intended for the � f.:
<br /> Y purpoae of securing the paymant to Benerciary of Tn�atore'promiseory note of even dnte in the ; :-�-
<br /> amnunt stat�d above aa"Toti.t.,f P�pn.�,,.e,.�a��.P p:],:Ii�i:w le:eEw';yaut8 iii u�n numoer of 1lfontl�ly iilIIIR11II0i1tb dtBLCd BbOVe. —
<br /> The amount of the iaatalment payments due an said toan ia atated above.The firet and final inatalment due datee on said loan are stated -
<br /> above. Paytnent may be made in advance ia any amount at any time. Default in makinq any payment ahall,at the Beneficiary's option '
<br /> end 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 Dced of Trust,Trustor covenante and agrees:
<br /> ' 1.To kcep t}te pmperty in good conditioa and repair; to petmit no waste thereof;to oomplete any building, atructure or improvement � '
<br /> being bnilt or ttbout to be built thereon;to reatore premptly any building, atructure or improvement thereon which may be damaged or
<br /> ` deettuyed;and to comply with all lawa,ordinusces,regulationa,covenants,oonditiona and reatrictions afTecting the property. . `
<br /> a 2.To pay before delinquent all lawti�l ta=es and asaessmente upon the property;to keep ihe property free and eLear of all other charges, �
<br /> � liena or encumbrances impairing the security of thia Deed of 7'ruat. . :�
<br /> 3. To lceep a11 buildinge now or heresiter erected on the property dexribed herein oQntinuously inaured egainst lose by fire or other
<br /> , hazarde in an amount not less than the tatal debt secured by thia Deed of'l�uat. AII policiea shall be held by tha Beneficiary, and be
<br /> in such companiee as the Beneficiary may approve and have loss payable firet to the Beneficiary as ite interest may appear and then
<br /> to the Truator.The amount collected under any inaurance policy may be applied upon any indebtedness hereby secured in auch order as
<br /> the Beneflciary ehall determine. Such application by the Beneficiary shsll not cause discontinuance of any proceediaga to foreclose this +
<br /> Deed of Trust or cure or waive any default ot notice of default or invalidate any act done pursuant to auch notice.In the event of forecloaure,
<br /> ; all right�of the Truator in iaeurance polic9es then in force ehall pass to the purchaser at the forecloaure sale. ;;,
<br /> � 4.To obtain the written consent of Heneficiary before aeUing,conveying or otherwise traneferring the property or any part thereof and "�"-
<br /> any such sale,oonveyance or transfer without the Beneficiary'a written conaent ahall conatitute a default under the terme 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 'I�uator fail to pay when due any taxea, assessments, insurance premiuma, lie�s, encumbrancea or other chargea against the
<br /> property hereinabove deecribed, Beneficiary may pay the same, and the amount so paid, with intereat at the rate set forth in the note � � �
<br /> : eecured hercby,ahall be added to and become a part of the debt secured in this Deed oE Traat as permitted by taw. �
<br /> TP IS MUTUALLY AGREED THAT:
<br /> 1. In the event any portion of the property ia tsken or damaged ia an eminent domain prooeeding, the entire amount of the award
<br /> or such portion thereof as may be neceasary to fully satisfy the obliRation secured hereby,ahnli be paid to Seaeficiary to bo applied to
<br /> said obfigation.
<br /> � 2. Sy accepting paymen!of a�y aum secured hereby after ita due dau,Beneficiary doea not waive ita right to require prompt payment
<br /> : when due of all other suma eo 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 thia Deed of Trust to the pereon entitled thereto,on written
<br /> requeat of the 1'rustor and the Beneficiary, os upon eatisfaction of the obligation secured and written request for reconveyance made by
<br /> the Beneficiary or the person entitled thereto. '
<br /> 991(iB4(NE)
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