|
<br />I
<br />
<br />NEBRASKA DEED OF TRUST
<br />(With Power of Sale)
<br />
<br />88---102026
<br />
<br />Amount of First Instalment $ 223.00
<br />Total of Payments $ 13380.00
<br />Number of Monthly Insta1ments _~.
<br />
<br />Amount of Other 1nstalments $ 223.00
<br />First Instalment Due Date MilY Ilfi
<br />Final Instalment Due Date Aori I 26
<br />
<br />,1900.
<br />,1993.
<br />
<br />THIS DEED OF TRUST, made lhis ~ dav of
<br />between Richard A. McVicker and Shirley J. McVicker, husband and
<br />whose mailing address is 1710 Sr i dIe Lane Grand I s I and, Nebraska 68803
<br />as '1'rustflrs John Cunn i ngham
<br />whosemail:ngaddresSis222N.CedarGrandIsland.NE
<br />as Trustee, and Norwest Financial Nebraska, Inc., whose mailing address is
<br />.' , P.O. Box 1373 Grand Island, NE 68802
<br />
<br />April
<br />wife
<br />
<br />19~,
<br />
<br />68801
<br />2337 N. Webb Road
<br />
<br />, as Beneficiary,
<br />WITNESSETH, Trustol<' hereby irrevocably. grant. hargain, sell, and convey to Trustee in trust, with power of sale, the following de-
<br />scribed property in Ha II County, Nebraska:
<br />
<br />Lot Nineteen (19), Western Heights 3rd Subdivision to Grand Island, Hall County,
<br />Nebraska.
<br />
<br />Together with tenements, hereditaments, and appurtenances thereunto belonging or in anywise appertaining IInd the rents, issues and
<br />profits thereof.
<br />
<br />This conveyance j" 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 Pa)'ments". Said "Total of Payments" is repayable in the number of monthly instalments stated above.
<br />The amount of the instalment pa)'ments due on said loan is stated abo\'e. The first IInd final instalment due dates on sllid 10lln lire stated
<br />abo\'e. 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 halance 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, Truslor covenants and agrees:
<br />
<br />I. To keep the property in good condition and repair; 10 pennil no waste thereof; to complele an)' building, structure or improvement
<br />being built or about to be built lhereon; to restore promptly IIny building, structure or improvemenl thereon which may be damaged or
<br />destroyed; and tfl comply with all laws, ordinances, regulations, covenants, condilions and reslrictiolls alTecting the property.
<br />
<br />2, To pay before delinquent all lawful taxes and assessments upon the property; to keep the property free IInd clear of all other chllrges,
<br />liens or encumbrallce~ impairing the security of this Deed of Trust.
<br />
<br />3. To keep all buildings now or herealler erected on the propert)' 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, IInd be
<br />in such companies as the Beneficiary may approve and ha\'!' loss payable first to the Beneficiary as its interest may appear and then
<br />to the Trustor, The amClunt collected under any insurance policy may be applied upon any indebtedness hereby secured in such order liS
<br />the Beneficiary shall determine. Such application by lhe Beneficiary shall not cause discontinuance of any proceedings to foreclose this
<br />Deed of Trust or cure or waive an)' default or nCltice 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.
<br />
<br />4. To obtain the written consent of Beneficiary before selling, conveying or otherwise transfel'ring the property or any part thereof and
<br />any such sale, conveyance or transfer withoul the Beneficiary's ~rilten 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 righls or powers of Beneficiary or Truslee.
<br />
<br />6. Should Trustflr fail to pay when due an)' taxes, assessments, insurance premiums. liens, encumbrances or other charges against lhe
<br />property hereinabove described, Beneficiary may pay the same. and the IImClunt so Pllid, with interest al the rate set forth in the note
<br />secured hereby. shall be added to and become a pari of the debt secured in this Deed of Trust as pl!rmilte-J by law.
<br />
<br />IT IS }iUTUALLY AGREED THAT:
<br />
<br />1. In the event any portion of the property is taken or damaged in an eminent domnin 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 10 be applied to
<br />said obligation.
<br />
<br />2, By accepting payment of any sum secured hereby aller its due date, Beneficial)' does nol waive its righl to require prompt payment
<br />when due of all olher sums so secured or to declare defauh for failure to so pay,
<br />
<br />3. The Trustee shall recol1\'e)" all or an)' part of the property covered by this Deed of Trusl to the person entitled thereto, on wrillen
<br />request of the Trustor and the Beneficiary, or upon satisfaction of the obligalion secured and wrilten requesl for recom'eyanre made by
<br />the Beneficiary or the person entitled thereto,
<br />
<br />991 GB4 (NE)
<br />
<br />L
<br />
<br />L
<br />
<br />--.J
<br />
<br />L
<br />
|