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<br />88- 103879
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<br />NEBRASKA DEED OF TRUST
<br />(With Power of Sale)
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<br />Amount of First Instalment $ 206.00
<br />Total of Payments $ 9888.00
<br />Number of Monthly Instalments~,
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<br />Amount of Other Instalments $ 206 00
<br />First Inetalmont Due Dete AlJglJ ~t 18, lsM,
<br />Final Instalment Due Date Jill y 18 lS~
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<br />THIS DEED OF TRUST, made thla -R day of Ju I Y , lS~,
<br />between Edward 1. Johnson and Mary S. ,]ohn~on, hlJ~hanrt anrt wi fp
<br />who"" mailing addreas is 2204 N. Howard Ave. Grand I~lanrt. Nl"hra~kll IiAAO::!
<br />as Truetors, John Cunn i ngham
<br />who.. mailing addl'l!8fl ie 222 N. Cedar Grand I~land, NF liARD I
<br />Be Trustee, and Norwest Financial Nebraska, Inc" who.. mailing addre.. is 2337 N Wphh Rrt
<br />P.O. Box 1373 Grand Island. NE 68801' ,as Beneficiary,
<br />WITNESSETH, TnlStors hereby irrevocobly, grant, barq:ain. sell, and convey to Trustee in trust, with power of aale, the following de.
<br />acribed property in Ha 11 County, Nebraaka:
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<br />Pt. Vacated Street South 2.51'Rf~t and all of Lot 15, University Place
<br />Grand Island. Hall County, ~a.
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<br />..5~~ I1TT/f['Hr/c,vT
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<br />Together with tenements, hereditaments, and appurtenances thereunto belonging or in anywise appertaining nnd the rents, issues and
<br />profits thereoF,
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<br />'I'his conveyance is intended for the purpose of securing the payment to Beneficiary of Trustors' promissory note or even date in the
<br />amount stated above as ''Total of Payments", Said ''Total of Payments" is repayable in the number of monthly instolmenl8 stated above.
<br />The amount of the instalment payments due on said loon is dtatcd above. The first and final instalment due doteR on uid loan arc stated
<br />above. Payment may be mode in advance in any pmount at any lime. Default in making any pnymlmt shall, nt the Ileneficiary's option
<br />and witnout notice or demand, render the entire unpaid balance of said loan at once due ood poyable, less any required rebate of chnrge8.
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<br />To protect the l!IeCurity of this Deed of Trwrt. Trustor covenants and agrees:
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<br />1. To keep the property in Rood condition and repair; to pennit no woste thereof; to complete uny bUlldinM. 8tructure or improvement
<br />being bullt or about to be built thereon; to restore promptly nny building, structure or improvement thereon which moy be damaged or
<br />destroyed; and to comply with all lows. ordinances, reJ{ulationa, covenants, conditions and restrictions affecting the property.
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<br />2. To pay before delinquent 011 lawful WIes Bnd u8Se8!imenls upon the property; tn keep the property fn-"4l nnd c1l"or of nil other chorges,
<br />liens or encumbrances impairing the security ofthis Deed of Trust,
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<br />3. To keep all buildings now or hereafter erected on the property de~ribed herein continuously insured against los8 by fire or other
<br />hazards in an amount not less than the total debt secunod by this Deed of Trust. All policiea shall he h€'ld by the Beneficiary, and be
<br />in such companiell 4S the Beneficiary may approve nnd hove IOftB payable first to the Beneficiary All it!! intert,st may appear and then
<br />to the Trullror. The umount collected under any insurance policy may be applied upon any indehtlldnesN hf1reby filt.'C'ured in Huch order aH
<br />the Beneficiary shall determine. Such application by tht! Beneficiary sholl not cause discontlOuo.ncc of any pl'flWt.'<iing6 W furcclo8c thiN
<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 DYent of foreclosure,
<br />oil rights of the Trwlt..or in insurance policiea then in force shall pa88 to the purchaser at the foreclosure Mle.
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<br />4. To obtain the written consent of Benenciary l:Mrfare &elling, conveYing or otherwise tronflferring the property or any part then <of and
<br />any such aale. conveyance or transfer without the BenefltiBry'a written'consent "hall ronstitute 8 default under the terms hereof.
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<br />5, To defend any action or proceeding purporting to nfTect the security hereof or the rights or powers of Beneficiary or Trustee.
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<br />6. Should Trustor fail to pay when due any taxes, assessments, IOsurance premiums, liens, encumbrances or other charges ogainat the
<br />property hereinabove dellCrihed, Beneficiary may pay the Rame, and the amount KO pa~J, with mterest ot the rote ~L forth m the note
<br />l!eCllred hereby, .h.1I h. added to Ilnd become 0 pert of the debt secured '" this Deed of Trust sa permItted hy law
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<br />IT IS MU'\'UAI..LY AGREEO THAT
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<br />1. In the event nny portion of the pruperty is token or domaged in on eminent domain proceeding, the entire amount of the award
<br />or 8uch portion thereof 118 may bt. ncce880ry to fully satisfy the obligation Hecured hereby, shall be paid to BenefiCiary to be applied to
<br />aaid obligation.
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<br />2. By acceptinl payment of any !lum 8eCured hereby after Its due date, Beneficiary does noL waive iLH right to require prompt payment
<br />when due of all othiPr RUm!l1O tJl-'CUred or tl} declare default for failure to so pay,
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<br />3. The TruJltee IIho.lI reconvey 011 or any part of the property covered by thiB Deed of TM.18t to the (ler80n entitled thereto, an wntten
<br />requC8t of the Trwttor nnd thti Beneficiary, or upon satisfaction of the obligation secured and written requeHt for rt"Conveyunce mode by
<br />the Benenciary or the ptlhOn t!nt,tled tlll-"rNo
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<br />9\11 GlW (NE)
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