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<br />88- 100568
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<br />NEBRASKA DEED OF TRUST
<br />(With Power of Sale)
<br />
<br />Amount of First Instalment $ ?Qq 7q
<br />Total of Payments $---1.Q!9~5
<br />Number of Monthly Instalmellts 35
<br />
<br />Amount of Other Instalmcllts $ 299.79
<br />First Instalment Due Date .3J 3/88
<br />Final Instalment Due Date 1/3/91
<br />
<br />,19_.
<br />,19_,
<br />
<br />THIS DEED OF TRUST, made this ~ day of
<br />between John E Rohrer a single person
<br />whose mailing address is Rt2 Box 76 Grand Island.,Ne . 68803
<br />as Trustors, John Cunn i ngham attorney
<br />whose mailing address is 222 NCedar GrandIsland,Ne .
<br />as Trustee, and Norwest Financial Nebraska, Inc" whose mailing address is
<br />Grand Island, Ne. 68803
<br />
<br />January
<br />
<br />19----.qa"
<br />
<br />68801
<br />2337 North Webh Rrl.
<br />
<br />, 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:
<br />
<br />Tract of Land in Lot 4, Island Section 11, and Northwest ~ of Southwest ~
<br />
<br />Island Section 11, All in Township 10 North Range 10 West of the 6th P.M.,
<br />
<br />Hall County, Nebraska, More Particularly Described as follows: Commencing at
<br />
<br />the West ~ Corner of Said Island Section 11; Thence North 00 Degrees, 23 minutes,
<br />
<br />00 seconds east along the west line of Northwest ~ of said Island Section 11
<br />
<br />a di~tance of 920.74 feet to point of beginning; thence continuing North 00 degrees,
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<br />23 mInutes, 00 seconds, east along west line of Northwest ~ of said Island
<br />
<br />Section 11 a distance of 200 feet; thence south 89 degrees, 37 minutes, 04 seconds
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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.
<br />
<br />This conveyance is intended for the purpose of securing the payment to Beneficiary of Trustors' 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 Jaid 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,
<br />
<br />To protect the security of this Deed of Trust, Trustor covenants and agrees:
<br />
<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 aI/laws, ordinances, regulations, covenants, conditions and restrictions affecting the property,
<br />
<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.
<br />
<br />3, To keep all buildings now or hereafter erected on the property described herein continuously insured against loss by fire or other
<br />hazamsin an 8zoount-llotle!'5-tnlll! thet>>tel-rl.e-bt secured by thi$ OeeQ of Trust. All policies shall,'>e held by th~ Beneficiary, and be
<br />in such companies as the Beneficiary may approve and have loss payable first to the Benefi~i~ry-;s it';-;nten~st~i'tiay appear and then
<br />to the Trustor. 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 1mst or cure or waive any default or notice of default, or invaIidatellny act done pursuant to such notice, In the event of foreclosure,
<br />all rights of the Trustor in insurance policies then'in'forre,shalJpBSst<,J}he pUrchaser at the foreclosure sale,
<br />
<br />4, 1'0 obtain the written consent of Beneficiary before'selling, conv'eyingor 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 />
<br />5. To defend any action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee.
<br />
<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,
<br />
<br />IT IS MUTUALLY AGREED THAT:
<br />
<br />L 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 />
<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,
<br />
<br />3. The Trustee shall reconvey all or any part "f 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,
<br />
<br />991 G84 (NE)
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