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<br />88-
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<br />100t735
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<br />NEBRASKA DEED OF TRUST
<br />(With Power of Sale)
<br />
<br />Amount of First Instalment $ 178.00
<br />Totul of I'nymellts $ 14gS? 00
<br />Numhllr of Monthly Instalments 84
<br />
<br />Amount of Other Instalments $ 178.00
<br />First Instalment Due Date Ma rc h 16 , 19J1li.
<br />Final Instalment Due Date February 16, 19J5
<br />
<br />TillS Imlm OF TRUST, made this ~ day of
<br />hotWIlOIl_~ Wilke and leola M. Wilke, Huc:;hano
<br />whose Illnilill!! uddresB is 224 N. Ruhy Grand I sIano. NF
<br />us Trustors, _~n Cllnn i ngham
<br />whoBe muiling nddrcss iB 2?2 North Ceoa r Grano I s I (lno, NE fiRRO 1
<br />as TruBtee, uml NorweBt Financial Nebraska, Inc., whose mailing address is 2337 North ~~phh ROnrl
<br />P.O. Rox 1373 Grano TsI(lnd, NF fiRR02 ,us Beneficiary,
<br />
<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 II County, Nebraska:
<br />
<br />February
<br />
<br />19---.B.L,
<br />
<br />and Wife
<br />fiRR01
<br />
<br />Lots Four (4) and Five (5) in Block Thirty (30), Packer and Barris Second
<br />Addition to the City of Grand Island, Nebraska.
<br />
<br />Together with tenements, hereditaments, and uppurtenances thereunto belonging or in anywise appertaining and the rents, issues and
<br />profits thereof.
<br />
<br />This conveyance is intended for the purJXlse of securing the payment to Beneficiary of Trustors' promissory note of even date in the
<br />amount ststed above as "Total of I'nyments", Snid "Total of Payments" is repayable in the number of monthly instalments stated above,
<br />The amount of the instalment payments due on saul loan is stated above. The first and final instalment due dates on said loan are stated
<br />above. Payment may be mnde in udvnnce '., any nmount lit Ilny tirr.e, 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 all laws, ordinances. regulations, covenants, conditions and restrictions affecting the property.
<br />
<br />2, To pay before delinquent all lawful taxes and assessments UJXlfl 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 />hazards in an amount not less than the total debt secured by this Deed of Trust. All JXllicies shall be held by the Beneficiary, and be
<br />in such compallles as the Beneficiary may approve and have loss payable first to the Beneficiary as its interest may appear and then
<br />to the Trustor. The amount collected under any insurance policy may be applied uJXln 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 or 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 JXllicies then in force shall pass to the purchaser at the foreclosure sale.
<br />
<br />4, To obtain the written consent of Beneficiary before selling, conveying or 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 deBcribed, 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 />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.
<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 faiiure to so pay,
<br />
<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 />requeBt 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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