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-6- <br />87— 101576 <br />In the event of any violation of the foregoing covenants, Bene- <br />ficiary may, at Beneficiary's option, declare all the sums <br />secured by this Deed of Trust to be immediately due and pay- <br />able, or cause the Trustee to file a Notice of Default. <br />20. TAXES AND INSURANCE PAYMENTS. Notwithstanding the <br />provisions of Paragraphs 2, and 3., the parties agree that Trustor's <br />obligation to pay taxes and provide casualty 'insurance shall be <br />satisfied by Trustor paying one - twelfth (1112) of the annual real <br />estate taxes and casualty insurance premiums to the Beneficiary <br />at the same time as principal and interest payments are paid. <br />The Beneficiary shall open and maintain an interest - bearing <br />savings account in a financial institution in Grand Island, Ne- <br />braska, and make deposits of all tax and insurance premium pay- <br />ments in said account. The interest earned shall accrue to the <br />benefit of Trustor and shall be reported as income on Trustor's <br />State and Federal Income Tax Returns. The Beneficiary shall pay <br />out of the savings account one -half of the real estate taxes <br />on or about April 30th and one -half on or about August 31st annually. <br />Likewise, the casualty insurance premium or premiums shall be <br />paid on or before their due date each year. In the event real <br />estate taxes or insurance premiums increase or decrease, Bene- <br />ficiary shall notify Trustor of the adjustments to be made in <br />payments, and Trustor shall forthwith pay the adjusted amounts <br />each month. Payment of taxes and insurance is secured by this <br />Deed of Trust. <br />IN WITNESS WHEREOF, Trustor has executed this Deed of <br />Trust as of the day and year first above written. TRUSTEE. Trus- <br />tee accepts this Trust when this Deed of Trust, duly executed and <br />acknowledged, is made a public record as provided by law. <br />IN WITNESS WHEREOF, Trustor has executed this Deed of <br />Trust as of the day and year first above written. <br />ICHARD E. POTTER, Trustor <br />mAV,e <br />MARCEE M. POTTER, Trustor <br />STATE OF NEBRASKA ) <br />ss. <br />COUNTY OF HALL ) <br />The foregoing instrument was acknowledged before me this <br />,,7C)_ day of March, 1487, by Richard E. Potter and Marcee M. <br />POtter, husband and wife, for the purposes ;the r,�ein stated. <br />IL 110 L <br />ortAP14 1 ary c <br />My commission expires: O <br />L <br />I <br />