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<br />88-
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<br />104256
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<br />NEBRASKA DEED OF TRUST
<br />(With Power of Sale)
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<br />Amount ofFirBt Instalment $ 278.97
<br />Total of Payments $ 23.433.48
<br />Number of Monthly Instalments 84
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<br />Amount of OtherInstalments $ 278.97
<br />First Instalment Due Data Seot. 3
<br />Final Instalment Due Date Auqust 3
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<br />19 88
<br />19~
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<br />THIS DEED OF TRUST, made this ~ day of
<br />between Wayne D. Burson and Beverly L.
<br />whose mailing address is 2647 N. St. Patrick
<br />as Trustors, John Cunn i ngham
<br />whose mailing address is 222 N. Cedar Grand Island. NE
<br />as Trustee, and Norweat Financial Nebraska, Inc., whose mailing address is
<br />2337 N. Webb Rd. Grand I s I and. NE 68802 , as Beneficiary,
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<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 11 County, Nebraska:
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<br />Julv
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<br />,19~
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<br />Burson. husband and wife
<br />Grand Island. NE 68803
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<br />68801
<br />P.O. Box 1373
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<br />Lot Six (6) in Block Two (2) in Dickey Third Subdivision, a resubdivision of all
<br />of Blocks Two (2),and Three (3) in Dickey Subdivision, and all of Blocks One (1)
<br />and Two (2) in Dickey Second Subdivision of the City of Grand Island, Hall County,
<br />Nebraska.
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<br />Together with tenements, hereditaments, 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 TrustoTll' promissory note of even date in the
<br />amount stated above as "Total of Payments", Said ''Totel of Payments" is repayable in the number of monthly instalments stated above.
<br />The amount of the instalment payments due on said loan is stated above. The fiTllt 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 thio Deed of Trust, Trustor covenants and agrees:
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<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 buill 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.
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<br />2, To pay before delinquent all lawful taxes and aBBessments 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 Truot.
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<br />3, To keep all buildings now or hereaf'ter 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 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 then
<br />to the Trustor. The amount collected under any insurance policy may be applied upon any indebtedness hereby sec~ in such order 88
<br />the Beneficiary shall detennine. Such application by the Beneficiary shall not cause discontinuance of any proceedingB 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 written consent of Beneficiary before selling, conveying or otherwise transferring the property or any part thereof and
<br />any such sale, wnveyance or transfer without the BeneficIary's written consent shall constitute a default under the lenns hereof,
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<br />5. To defend any action or proceeding purporting to affect the security hereof or the rights or powe... of Beneficiary or Trustee.
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<br />6. Should Trustor fail to pay when due any taxes, aSflessments, insurance premiums, liens, encumbrances or other charges against the
<br />property hereinabove described, Beneficiary may pay thp same, and thl' amount so paid, with interest at the rate set forth in the note
<br />secured hereby, shall be added to and become a part ufthe debt .ecurro In thiS Deed of Tro.t as penniued hy law,
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<br />IT IS MUTUALLY AGREED THAT:
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<br />I. In the event any portion uf the property.. taken or damalled in an eminent domain proceeding, the entire amount of the award
<br />or such portion thereof as may be neensBory to fully satisfy the obliKatlOn 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 Bum ""cured hercby afWr ,''' due date. Reneficiary does nol waive its right to requirn prompt pBytnenl
<br />when due of all other sums so oecured or to declare default for foilufl' 10 Oil pay,
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<br />3, The Trustae shall reconvey all or any porI of the property rnvered by this Deed of Trust 10 tbe peTROn entitled I hereto, on wr.tlen
<br />request of the Tmstor and the Beneficiary, or upon Rnlll~rl1('lion or the obhRntion Rccured and written request for reconvcyan("(" madE' b~
<br />the Beneficiary or lhe peTllon entitled thereto
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<br />991 084 (NE)
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