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<br />88-100035
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<br />NEBRASKA DEED OF TRUST
<br />(With Power of Sale)
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<br />Amount of First Instalment $ 345.00
<br />Total of Payments $~560 _ 00
<br />Number of Monthly Instalments 48
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<br />Amount of Other Instalments $ 345.00
<br />First Instalment Due Date Fehruary 6
<br />Final Instalment Due Date January 6
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<br />19.88..
<br />,19..9.2.,
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<br />THIS DEED OF TRUST, made this ~ day of
<br />between Donal d F _ Soderman and Emily _: Soderman,
<br />whose mailing address is 4258 lariat lane Grand Island,
<br />as Trustors, John Cunn i ngham
<br />whose mailing address is ~?? N, Cedar Grand Island, Nehraska 68801
<br />as Trustee, and NOTWi!st Financial Nebraska, Inc" whose mailing address is 2337 N Wphh ROMI
<br />P 0 Rox 1373 Grand T <; I ilnri, Nehraskil 6880? , as Beneficiary,
<br />WITNESSETH, Trustors hereby irrevocably, grant, bargain. sell. and convey to Trustee in trust, with power of sale, the following de-
<br />scribed property in Ha 11 County, Nebraska:
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<br />December
<br />hushand and wife
<br />Nehraskil fiflRO::l
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<br />19----82-,
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<br />Lot T9W (2), Western Heights Second Subdivision, Hall County, Nebraska.
<br />IW~
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<br />Together with tenements, hereditaments, and appurtenances thereunto belonging or in anywise appertaining and the rents, issues and
<br />profits thereof.
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<br />This conveyance is intended for the purpose of securing the payment to Beneficiary of 'frustors' promissory note of even date in the
<br />amount stated above as "Total of Payments". Said "Total 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 dates 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.
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<br />To protect the security of this Deed of Trust, Trustor covenants and agrees:
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<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 which may be damaged or
<br />destroyed; and to comply with all laws, ordinances, regulations, covenants, conditions and restrictions affecting the property.
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<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 />liens or encumbrances impairing the security of this Deed of Trust.
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<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 ps.yable first to the Beneficiary as its intere"t may appear and then
<br />to the Trustor. The amount collected under any insurance policy may be applied uJX'n 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 o~ 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,
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<br />4. To obtain the written consent of Beneficiary before selling, conveying ot otherwise transferring the property or any part thereof and
<br />any such sale, conveyance or transfer without,the Beneficiary's written conseni shall constitute a default under the terms hereof.
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<br />5, To defend any action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee.
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<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 Deed of Trust as permitted by law,
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<br />IT IS MUTUALLY AGREED THAT:
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<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.
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<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 so secured or to declare default for failure to so pay.
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<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 reconveyance made by
<br />the Beneficiary or the person entitled thereto.
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<br />991 G84 (NE)
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