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<br />88- 106706
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<br />NEBRASKA DEED OF TRUST
<br /><With Power or Sole)
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<br />Amount of Fif1lt lnlJtolment $ 385.00
<br />Total orPoymsnta $ 23 100 00
<br />Number of Monthly Instnlments --6.(l.
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<br />Amount of Other Instalmcnt.a $ 385.00
<br />First InJtalment Due Onto 1/12
<br />Flnol Instalment Due Date 12/12/
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<br />,lll....a9
<br />,19_93
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<br />TInS DEED OF TRUST, mode this ----1- dsy or December , 19~
<br />betwsen Oal!! V Br!!aker and Maroaret C. Breaker husband and wife
<br />who.. msJling odd",,, Is 1711 Bridle Lane Grand Island. Ne. 68803
<br />.. Tnuwno, John Cunn i noham attornev
<br />whose moiling odd",,, Is 222 N Cedar Grand Island. Ne. 68801
<br />as Trustee, ond Norwest. Financial Nebrotlkn. Inc., whose mailing address is 2337 North Webb Rd. PO Box 1373
<br />Grand Island. Ne. 68802 ," Bsneficlsry,
<br />WITNESSETH, Tn1stors hereby irrevocably, grant, bargain, sell, Bnd convey to Trustee in trust, with power of sale, the following de-
<br />scribed property in Ha II County, Nebraska:
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<br />Lot Twenty-seven (27). Western Heights Third 5ubdi vision, Hall County. Nebraska
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<br />Together with tenements, hereditaments, and appurtenances thereunto belonging or in anywise appertaining and the rents, issues l10d
<br />profits thereof.
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<br />This conveyance is intended for the purpose of securing the payment to Beneficiary of Trustors' promissory note of eYen date in the
<br />amount stated above as "Total of Pa.yments". Said "Total of Payments" lIS repa.yable in the number of monthly instalments stated a.bove.
<br />The Bmount of the instalment payments due on said loan is stated above. The first Bnd 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 this 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 built or about to be built thereon; to restore promptly any building, etructure or improvement thereon which may be damaged or
<br />destroyed; and to comply with alllaW8, ordinances, regulations, covenants, conditions and restrictions affecting the property.
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<br />2. To pay before delinquent all lawful taxes and assessments upon the property; to keep the property free and clear of all other charges,
<br />liens or encumbra.nces impa.iring the security of this Deed of Trust.
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<br />3. To keep all buildings now or -hereafl.er erected on the property described herein continuously insured against lOBS by fire or other
<br />hazards in an amount not leS8 than the total debt secured by this Deed of Trult. All policies shall be held by the Beneficiary, and be
<br />in such companies as the Beneficiary may approve and hove 1[)!IlI payable fint to the Beneficla.ry as its Interest may appear and then
<br />t.o the Trustor. The amount collected under any insurance policy may be applied upon any indebtedness hereby secured in such order as
<br />the Beneficiary shall determine. Such application by the Benenciory ahall nol caUBIl discontinuance of any proceedings to forec:loBe this
<br />Deed of Trust or cure or waive any default or notice of default or invalidate ony act done pursuant to such notice. In the event or foreclosure,
<br />all rights of the Trustor in insurance policies then in force shall pau U) the purchoser ot the foreclosure sale.
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<br />4. To obtain the written consent of Beneficiary before sellinll, conveying or otherwile transferring the property or IIOY part thereof and
<br />any such sale, conveyance or transfer without the Beneficlary'll written consent Ihall constitute a default under the terms hereof.
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<br />5. To defend any action or proceeding purporting to affect the security hereof or the righlll or powen of Beneficiary ;)r Trustee.
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<br />6. Should Trustor fail to poy when due an}' taxes, a8llell8ments, insurance premiums, liens, encumbrances or other charges against the
<br />property hereinabove dellCribed, Beneficiary may pay the Bame, ond Lhe amount 80 pa.id, with Interest at the rate set forth in th!! note
<br />secured hereby, shall be added to and become 0 purt of the debt secured in this Deed of Trust all permitted by low.
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<br />IT IS MUTUALLY ACREED THAT,
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<br />1. In the event any portion of the property ill taken or damaged in an eminent domn!n proceeding, the entire amount of the award
<br />or such portion thereof as may be nece8lla.ry to fully satisfy the obligation llet'ured hereby, shall be poid to Beneficiary to be applied to
<br />BOid obligation.
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<br />2. By accepting payment of any sum secured hereby ailer its due dute, lIeneficiary dooll nut woive it.e right to require prompt payment
<br />when due of all other BumS 80 secured or to declare default for' failure to ao pay.
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<br />3. The Trustee Bhall reconvey all or any part of the property covered by this lJeed of Trullt to the person entitled thereto, on written
<br />request of the Trustor and the Beneficiary, or upon satisfaction of the oblisptlon lI~ured nnd written request for reconveyance made by
<br />the Beneficiary or tlu~ person entitled thereto.
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<br />991 084 (HE)
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