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<br />NEBRASKA DEED OF TRUST
<br />(With Power of Sale)
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<br />88-102024
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<br />Amount of First Instalment $ 271 .00
<br />Total of Payments $----.9485 .00
<br />Number of Monthly Instalments 35
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<br />Amount of Other Instalments $ 271.00
<br />First Instalment Due Date _..May 26
<br />Final Instalment Due Dat~ Ma rr.h
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<br />, 19.8.8.
<br />26 ,Hl_9J
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<br />THIS DEED OF TRUST, made this -1.L. day of
<br />~tw~n Mi~ha~l A_ S~hwipger, a singlp.
<br />whose mailing addre8ll is 9?7 Sun VillI ~y Dr..
<br />as Trustors. ,lohn ClIllll i ngham
<br />whose mailing address is 222 No Cpdar Granei Tslilnd. NF 68801
<br />as Trtl5tee,-and Norwest Financial Nebraska. Inc., whose mailing address is ;>337 N. W~hh Rei
<br />P.O. Box: 13n Grilnd Island, NE 6AR02 ,as Beneficiary.
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<br />WITNESSETH, Trustors hereby irrevocably, grant, bargain, sell, and COnVe)' to Trustee in trust, with IXlwt'r of sale, the following de-
<br />scribed property in Ha 11 County, Nebraska:
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<br />Aoril
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<br />, 19.JllL,
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<br />pp.r<;on
<br />Grand Island, NE
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<br />6A801
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<br />Southerly 58 feet of Lot 5, Block 2, Pleasant View 4th Addition to the City of
<br />Grand Island. Hall County, Nebraska.
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<br />Together with tenements, hereditament.s, 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 Trustors' promissory note of even date in the
<br />amount slated above as "Total of Payments". Said "Total of Payments" is repa)'ab1e 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 pennit 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 alllllws. ordinances, regulations, covenants, conditions and restrictions affecting the proJl'!rt)'.
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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 nil 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 ",hall be held by the Beneficiary. and he
<br />in such companies 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 he 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 Trust or cure or waive any default or notice of default or invalidat~ any act done pursuant to such notice. In the event of foreclosure.
<br />all rights of the Trustor in insurance policies then in force lIhall pass t{l the purchaser at the foreclosure sale.
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<br />4. To oblain 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 CQ~$tent 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 Beneficinr)' or Truslee.
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<br />6. Should 'l:'rustor 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, wilh interest at the rate set forth in lhe note
<br />secured hereby. shall he added to and become a part of the debt secuTE'd in this Deed of Trust as permitted bylaw.
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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 nl'ccssary to fully satisfy lhe 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. Th!! Trustee shall reconvey all or any part of the property covered by this Deed of Trust 10 lhe person entitled thereto, on written
<br />request of the Trustor and the Beneficiary, or upon satisfaction of the obligation secured and wrillen request for reCCllve)'Rnce made by
<br />the Beneficiary or the person entitled thereto.
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<br />991 G84 (NE)
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