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<br />200300969
<br />NEBRASKA DEED OF TRUST —LINE OF CREDIT
<br />(With Power of Sale)
<br />'1l IISDEY:DOF'I RUSLoudethis
<br />IS day of January
<br />2003
<br />,between
<br />Christopher F Salisbury
<br />And Nicole S Salkhur_v__
<br />whose mailing address is Pe Box 313,
<br />Wood River NE 68883
<br />,as Trustors, First American Title I
<br />C y3py
<br />whose mailing address is
<br />1055, N 115TH STREET.OMAHA, NE 68154 , as Trustee, and Wells
<br />Fargo Financial
<br />Bank,
<br />o
<br />whose nmiling uddress is
<br />3201 North 4th Avenue, Sioux Falls SD 591114, as Beneficiary,
<br />�y
<br />WITNESSL'TI I, Trustors
<br />hereby irrevocably, grant, bargain, sell, and cunvey to Trustee in trust, with power
<br />of sale, the following
<br />p
<br />described property in Hall County, Nebraska:
<br />Lot Seven (7), in Block 'D ", in the West Addition to the Village of Wood River, Hull County, Nebraska
<br />Together with tenements, howddtan ts, and appurtenances thereunto belonging or in anywise appertaining and the rents, issues
<br />and profits thereof.
<br />This conveyance is intended for the purpose of securing lire payment to Beneficiary of initial and future advances to Ttoster's under
<br />a Credit Card Account Agreement ( "Agreement ") id an amount of principal not to exceed $200,000.00 outstanding at any one time, plus
<br />interest on the principal outstanding from time to time at the rates front time to time provided for thereunder, Payment may he made in
<br />advance in any amount at any time, Default in making any payment shall, at the Beneficiary's option and without notice or demand,
<br />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_ To keep the property in good condition and repair, to permit no waste thereof, to complete any building, structure or
<br />improvement being built or about to be built thereon; to restore promptly any building, structure or improvement thereon which may be
<br />damaged a destroyed: snd In comply whir all In, . ordinances, reguistier, covenants, conditions and restriction, affecting the
<br />property.
<br />2. To pay before delinquent all lawful taxes and assessments upon the property; to keep the property free and clear of all nine,
<br />charges, liens or enutmhrances impairing the security of this Decd of Trust.
<br />3. To keep all buildings now or hemafmrerected on the property described herein continuously insured against loss by fire or other
<br />hacarda m an amount not Ices than the total debt sceund by this Deed of Trust. All policies shall be hold by the Beneficiary, and win
<br />such companies us the Beneficiary may approve and have loss payable first to the Beneficiary as its interest may appear and then to the
<br />Trntor. Tire contain collected under any insurance policy may be applied upon any indebtedness hereby secured in such order as the
<br />Benefciaty shall determine. Such application by the Beneficiary .shall not cause discontinuance of any proceedings to foreclose this
<br />Decd 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
<br />foreclosure, all rights of the Treanor in insurance policies then in force shall pass to the purchaser at the foreclosure sole,
<br />4. To obtain the written consent of Beneficiary before selling, conveying or otherwise transferring the property or any part thereof
<br />and 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 />fi_ Should 'I'mour fail to pay when due any taxes, assessments, insurance premiums, liens, encumbrances or other charges against
<br />the property hcreinabovc described, Beneficiary may guy 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 Deed ofTtust 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 cminem domain proceeding, the entire amount ofthe award or
<br />such portion thereof is may be necessary to fully satisfy the obligation secured herehy, shall he paid to Beneficiary to he applied to said
<br />obligation.
<br />2. By accepting payment of any sum secured hereby after its due dam, Beneficiary does not waive its right to require prompt
<br />payment when due ofall other arms so secured be to declare default for failure to so pay.
<br />3. The Trustee shall rewnvey all or any part of fire property covered by this Deed of Trust to the person entitled thereto, on
<br />Titten request of the Trustorand the Beneficiary, or upon satisfaction of the ohligation .secured and written request for reconveyance
<br />made by the Beneficiary or the person entitled theram.
<br />NE,379mwrwcmw(aimusm by W PACE 1 of 2
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