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<br />88- 105449
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<br />NEBRASKA DEED OF TRUST
<br /><Wilh Power of SBle)
<br />
<br />l"~~~CO
<br />Amount of Fil1ll tn5tnlmeR~~!'- n
<br />Total ofPa.ymenta $__.:_~_.:...:g~~"
<br />1\ umber of Monthly Instolmcnts _.
<br />
<br />19".OO
<br />A~ount of Other Instnlments ~1m-- ....,.n.
<br />FJrstInstalment Due Date 111 1., - 19~
<br />Finnllnstnl:nenl Due Dole /.. . 19....:......:
<br />
<br />THIS DEED OF TRUST, made this ~ cluy of
<br />between 1':enllet!l L. Schl.:ieger ann ,lanice ]~ SclIH.leF.e::--, I s\'and and ,..'ife.
<br />whosemaiIingaddresa is (0:;: \.: 1rti, Grand rsland, l:c. \101
<br />os Trustors. ,1o':n :-~unnillg!lall: sttorne~'
<br />whose moiling address is 222 h '::'edar l.;ralld i slar.d, "e.
<br />ns Trustee, and Norwcst Financial Nebraska,lnc., whololeptoiling address is ;)7,7,'-' j,ort~:. '!)ei.i-: :tiel.
<br />PO :;ox 1;73 (-"rand! slal:d, ;,e. ! ~,~,;:: ,as Beneficiary,
<br />WITNESSETH. Trustum hereby irre\',?~bl~1 grunt, bargain, sell. llnd conn.y to TrusteL' in trust, with power of sale, the following de-.
<br />scribed property in ::al_ __. County, Nebraska:
<br />
<br />Oct.ober
<br />
<br />,l9~,
<br />
<br />('1
<br />
<br />C' I. '";"~r Ajditio~;, '0: eLf! (1:', .o~' '.j :tlO::er, (1~)), ;-lrar:d Tsland
<br />
<br />';~l ,;! "'n,i:; l:,', ;. .:: rn.":, :,-l
<br />
<br />Together with tenements, heredit.amentn, and appurtenances thereunto helonginl'l' or in anywise appertaining and the renta, issues and
<br />profits thereof
<br />
<br />This conveyance is intended for the purpose of st"Curing the payment to Beneficiary of Trustors' promissory note of even date in the
<br />amount stated nh<)\'e as "Total of Payments" Said ''Tolal of Pnymenl.5" is repayable in the number of monthly instalmenta stated above,
<br />The amount of the instalment paymentll dul!' on said loan i" sLated above. The first nnd final insl:.alment due dates on said laan 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 enlire unpaid balance ofsnid lonn at once due and payable, less any required rebate of charges.
<br />
<br />To protect the security of this Deed of Trust, Trustor cllvennnl.5 and agrees:
<br />
<br />1. To keep the property in good condition and repair; to permit no wnste thereof; to complete any building, slructure or improvement.
<br />being built or about to be built thereon; to restore promptly Ilny building, structure or Improvement thereon which may be damaged or
<br />destroyed; and to comply with nIl lows, ordinances, regulations, covenants, conditions and restrictions affecting the property.
<br />
<br />2. To pay before delinquent aU lawful taxes and asse8llmenlll upon the property; to keep the property free nnd clear of nil other chnrges,
<br />liens or encumbranccs impoiring the security of thill Deed of Trust.
<br />
<br />3. To keep all buildingB now or hereall.er erecu.>d on the property deBCribed herein continuoullly inrlUroo against loss by fire or other
<br />hnmrds in an amount not less than the total debt secured by this Deed of Truat. All pohclcs shall be held by the Beneficillry, ond be
<br />in such companies as the Beneficiary may approve and have loss payable finl to the Beneficiary I1S its interest may appear and then
<br />to the Tru.lltor. The amount collected under any insurancc policy may be applied upon any indebtedness hereby secured in such order DS
<br />the Beneficiary shall determine. Such npplicatJon by the Beneficiary shall not cause dl5Continuanre of any proceedinJJB to foreclose this
<br />Deed ofTMlst or cure or waive any default or notice of default or invalidn~ any act done punmnnt to such notice. In the evenl of foreclosure,
<br />all rights of the Trustor in ihl:lUrancl! policies then tn force 110011 paAl ,to the pun:hnser at the foreclosure BIlle
<br />
<br />4. To obtain the written consent of Beneficiory before selling. conveying or otherwise tronllferrinl{ the property or uny part thereof llnd
<br />any such sale. conveyance or tmnsfer without the' Beneficlaryls writter. consent shall constitute n defnult under the terms hereof
<br />
<br />5. To defend any action or proceedinJ{ purporting to affect the seeunly hereof or the riKhts or powers of Beneficiary or Trustee.
<br />
<br />6. Should Tnultor fail to pay when due any laJr:es, sssessments, insurance premIUms, liens, encumbronces or other charges against the
<br />property hereinabove described. Beneficiary may pay the same, and the amount 80 paid, With interest at the rate set forth in the note
<br />secured hereby. shall be added to and berome a part of the debt secured in this Deed of Trust all permitted by law
<br />
<br />IT IS MUTUALLY AGREED THAT,
<br />
<br />1. In the event any portion of the property ill taken or damaged in on eminent domain proceeding, the entire amount of the award
<br />or such portion thereof M may be necessary to fully antisfy the obligation secured hereby, shall be paid to Beneficiary to be applied to
<br />said obligution.
<br />
<br />2. By accepting payment of any sum secured hereby after its due date, Beneficiary does not waive its right to n'quire prompt payment
<br />when due of all other sume 80 secured or to declare default for failure to 80 pay.
<br />
<br />3. The TnPtee shan reconvey aU or any part of the property covered by this Deed of Trust to the penron entitled thereto, on written
<br />request of the Truator Rnd the Beneficiary, or uJXIn satisfaction of the obligation secured and written requellt for reconveyance made by
<br />the Beneficiary or the person entitled thereto.
<br />
<br />991 014 INEI
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