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<br />101607
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<br />88--
<br />NEBRASKA DEED OF TRUST
<br />(With Power of Sale)
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<br />Amount c)f)<'irst lnstalmcnl $-.J12..1lO_
<br />Total ofPaymenl9 $ 6020.00
<br />Number of Monthly lnstalments 35.
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<br />Amount of Other Instolmcnl9 $-1-72.00
<br />First lnllwlmcnt Due Dote May 5
<br />Jo'inollnatlllment Due Dote M8rCh ~
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<br />,19Ba.
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<br />THIS DEED OF TRUST, mode this --.3.{L doy of
<br />between ~i:hael R .Ihomas and PameLL_S-Ibomas
<br />whoae mailing nddresa is 1007 N Hancock Grand Is] and.
<br />as Trustors, __JQ.hn Cunningham att.orney
<br />whose moiling address is 222 tL.C.elldr: Grilnd Is 1 nnd, Np fiAA01
<br />as Trustee, and Nonvest Financial Nehraska, Inc., whose moiling address is ::>::117 North Webb Rd
<br />Grand Is 1 and. Ne. 6BB03 , os Beneficiary,
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<br />WITNESSETH, Trustors hereby irrevocahly, gron\, hllrgoin, seli, and convey to Trustee in trual, with power of sale, the following de-
<br />scribed property in Hall County, Nebraska:
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<br />Milr..h
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<br />, 19---SS-,
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<br />hllc:bnnd and wife
<br />Np fiAAOi
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<br />A tract of land compr.ising the Southerly Nine (9.0) feet of Lot Eight (8),
<br />and the Northerly Fifty-One (51.0) feet of Lot Nine (9), Block Thirteen (13),
<br />West Park Addition to the City of Grand Island, Hall County, Nebraska
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<br />Together with tencments. hereditan'en~, 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 (t.e purpose of securing the payment to Beneficiary of Trustors' promissory note of even date in the
<br />amount swted aoove liS "Total of Payments". Said "Total of Payments" is repayable in the number of monthly instalments slated above,
<br />The amount of the IIlstalment payments due on sRid loan is stated above, The first and final inslalmenl 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 />L 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 Kboul to be built thereon; to restore promptly an)' building, structure or improvemenl thereon which may be damaged or
<br />destroyed; and to comply with 811 laws, ordinances. regulations, covenants, conditions and restrictions aITecting the property.
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<br />2. To pay before delinquent e.lllawful taxes and assessments upon the property; to keep the property free and clear of aU other charges,
<br />liens or encumbrances impairing the security of this Deed of TrusL
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<br />3, To keep all huildings now or hereafter erected on the property described herein continuously insured against loss by fire or other
<br />huaros 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 payable first to the Beneficiary as its interest may appear and tben
<br />to the Truslor. The amount collected under any insurance policy may be applied upon any indebtednes.~ hereby secured in such order as
<br />the Beneficillf')' 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 policies then in force shall pass to the purchaser at the foreclosure sale.
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<br />4, To obtain the "..ritten consent of Beneficia!".! 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 constituU! a default under the terms hereof.
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<br />5. To defend any action or proceeding purporting to affect the Recurity hereof or the rights or powers of Beneficiary "I' Trustee,
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<br />6. Should Trustor foil to pay when due any !1lXe5, assessments. insurance premiums. liens, encumbrances or other charges against the
<br />property hereinabove desclibed. Beneficia!}' may pay the same. and the amount so paid. .....ith 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 18 MUTUALLY AGREED THAT:
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<br />1. In the event any portion of the property is takpn 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 f.ecured 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 otter its due date, Beneficiaf')' does not wai,'e 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 th" Beneficia!')', 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 (NEl
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