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<br />8B-
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<br />104316
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<br />NEBRASKA DEED OF TRUST
<br />(With Power of Sale)
<br />
<br />Amount of First Instalment $ 225.00
<br />Total.ofPayments $ 7875.00
<br />Number of Monthly Il1BtaIments 35
<br />
<br />Amount of Other Instalments $ 225.00
<br />First Instalment Due Date Sect. 8
<br />Final Instalment Due Date Ju 1 V 8
<br />
<br />19{j8
<br />19J1i
<br />
<br />,THIS DEED OF TRUST, made this ~ day of
<br />be~ Garv G. Moroan'and Debra J.
<br />whose mailing address is 2915 West 17th
<br />~Tnmtars, John Cunninoham
<br />whose mailing address is 222 N. Cedar Grand Island. NE
<br />as Trustee. and Norwest Financial Nebraska, (nc., whose mailin{ address is
<br />P.O. Box 1373 Grand Island. Nt 68802
<br />
<br />Moroan. husband and wife
<br />Grand Island. NE 68803
<br />
<br />AUQust
<br />
<br />, 19---IDL.
<br />
<br />68801
<br />2337 N. Webb Rd.
<br />
<br />. as Beneficiary r
<br />WITNESSETH, Tn1Btars herehy irrevocahly, grant, bargain, sell, and convey ta Trustee in trust, with power of sale, the following de-
<br />scribed property in Ha 11 County, Nehraska:
<br />
<br />Lot 2 in Block 4 in Westerhoff's Second Subdivision. being a Re-subdivision of the
<br />South ~ of Block 3 and 4 and the North ~ of Block 5 and 6, Westerhoff's 1st Sub-
<br />division. City of Grand Island. Hall County, Nebraska.
<br />
<br />Together with tenements, hereditaments, and appurtenances thereunto belonging or in anywise appertaining and the rents, issues and
<br />profits thereof,
<br />
<br />This conveyance is intended for the purpose of securing the payment ta Beneficiary of Trustors' promissory note of even date in the
<br />amount ststed above as "Total of Payments", Said "Total of Payments" is repayable in the number of monthly instalments stated above.
<br />The amoun~ of the instalment psyments 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. Defaul\: in making any payment shaH, at the Beneficiary'a option
<br />and without notice or demand, render the entire unpaid balance of Bsid loan at once due and payable, leBB any required rebate of charges.
<br />
<br />To protect the security of this Deed of Trust, Trustor covenants and agrees:
<br />
<br />1. To keep the property in good condition and repair; td' pennit no waste thereof; to complete any building, structure or improvement
<br />being built or about to be built thereon; to restore promptly any huilding, structure or improvement thereon which may be damaged or
<br />defitroyed; and to comply with all laws. onlinances, regulations, covenants, conditions and restrictions affecting the property.
<br />
<br />2. To pay before delinquent all lawful taxes and ~sessments 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,
<br />
<br />3. To keep all 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 shall be held by the Beneficiary, and be
<br />in such companies as the Beneficiary may approve and have lOBS 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 indebtedne.. hereby secured in such order ~
<br />the Beneficiary shall detennine, Suc~ application hy the Beneficiary shall not cause discontinuance of any proceeding" to foreclose this
<br />Deed of Trust or cure or waive any default or notice of default or invalidate any ad done pursuant to such notice. In the event of forec:losure,
<br />all rights of the Trustor in insurance policies then in force shaU pass to the purchaser at the foreclosure sale.
<br />
<br />4. To obtain the written consent of Beneficiary before selling, conveying or otherwise transferring the property or any part t.hereof Bnd
<br />any such sale, conveyance or transfer without the Beneficiary'~..wr~tten consent shall constitute a default under the tenns hereof.
<br />
<br />5, To defend any action or proceeding purporting to affect the security hereof or the rights or po.....rs of Beneficiary or Trusl.l'e.
<br />
<br />6. Should Trustor fail to pay w~len due Bny taxes, assessments. insurance premiums, liens, encumbrances or other chorReK against the
<br />property hereinabove described, Beneficiary may pay the same, Ilnd the amount so paid, with interest at the rate set forth in the note
<br />secured hereby, shall be added to and hecome s part of the d.bt s.cured in this Deed of Trust as pennitted hy law.
<br />
<br />1T IS MUTUALLY AGREED THAT:
<br />
<br />1. In the event any portion of the property is t.nken or damaged in an eminent domain proceeding, the entire amount of the award
<br />or such portion thereof as may be neceasary to fully satisfy the obligation AeCured hereby. shall be paid to Beneficiary to be applied to
<br />said obligation.
<br />
<br />2. By accepting payment of any sum secured hereby arter its due date, Beneficiary does not waive its right to require prompt payment
<br />when due of all other SUlna so secured or to daclare d.fault for fnilure to 80 pay
<br />
<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 wntten
<br />request of the Trustor and the Beneficiary, or upon satisfaction of the obligation secured ond written request for reconveyance made by
<br />the Beneficiary or the person entitled thereto.
<br />
<br />991 G84 (NEj
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