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r Amount of First Instalments 354.00 Total of Payments s-25-40,00 Number of Monthly Instalments 072 I 87--1 X11668 NEBRASKA DEED OF TRUST (With Power of Sale) Amount of Other Instalments S 354 _ 00 First Instalment Due Date Ma Y 1 , isBZ. Final Instalment Due Date April 1 , 1$3_, THIS DEED OF TRUST, made this 26 day of March 26 iq R7 between Harry 0. Smith and Shirley L_Smith husband and wife whose mailing address is 2422 West North Front Grand Island NPhracka 68803 as Tr„swr8 First American Title Ins trd ca Comfy whose mailing address is 1905 Harney St. Suite 620 Omaha 68102 as Trustee, and Norwest Financial Nebraska, Inc., whose mailing address is PO Box 1173 2117 North Webb Rd Grand Island Ne 68802 , as Beneficiary, WITNESSETH, Trustors hereby irrevocably, grant, bargain, sell, and convey to Trustee in trust, with power of sale, the following da. scribed property in Hall County, Nebraska. THE EASTERLY 'h OF LOTS 136 AND 137 IN BELMONT ADDITION TO CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA Together with tenements, hereditaments, and appurtenances thereunto belonging or in anywise appertaining and the rents, issues and profits thereof. This conveyance is intended for the purpose of securing the payment to Beneficiary of Trustors promissory note of even date in the amount stated above as 'Total of Payments ". Said "Total of Payments- is repayable in the number of monthly instalments stated above_ The amount of the instalment payments due on said loan is stated above. The firs and final instalment due dates on said loan are stated above. Payment may be made in advance in any amount at any time. Default is making any payment shall. at the Beneficiary`s option and without notice or demand, render the entire unpaid balance of said loan at once due and payable. less any required rebate of charges- To protect the security of this Deed of Trust, Trustor covenants and agrees. 1_ To keep the property in good condition and repair; to permit no waste thereof; to complete any building, structure or improvement being built or about to be built thereon; to restore promptly any building, structure or improvement thereon which may be damaged or destroved= and to comply with all laws, ordinances, regulations, covenants. conditions and restrictions affecting the property. - 2. To pay before delinquent all lawful taxes and assessments upon the property; to keep the property free and clear of all other char, liens or encumbrances impairing the security of this Deed of Trust. 3. To keep all buildings now or hereafter erected on the property described herein continuously insured against loss by fire or other hazards in an amount not less than the total debt ;-cured by this Deed of Trust- All policies shall be held by the Benefiaary, and be in such companies as the Beneficiary may approve and have loss payable firs to the Beneficiary as its interest may appear and then to the Trustor The amount collected under any insurance policy may be applied upon any indebtedness hereby secured in such order as the Beneficiary shall determine. Such application by the Beneficiary shall not cause discontinuance of any proceedings to foredose this Deed of Ttus or cure or waive any default or notice of default or invalidate any act done pursuant to such notice. In the event of foreclosure, all rights of the Trustor in insurance policies then in force shall pass to idre purchaser at the foreclosure sale. 4. To obtain the written, consent of Beneficiary before 9elling/caati2yb* Or otherwise transferring the property or any part thereof and any such sale, conveyance or transfer without the Beneficiary's written eotiiieet shall constitute a default under the terms hereof. 5. To defend any action or proceeding purporting to affect the security hereof or the right or powers of Beneficiary or Trustee. 6. Should Trustor fail to pay when due any taxes_ assessments, insurance premiums. liens, encumbrances or other charges against the property hereinabove described. Beneficiary may pay the same, and the amount so paid, with interest at the rate set forth in the note secured hereby. shall be added to and become a part of the debt secured in this Deed of Trust as permitted by taw IT IS MUTUALLY AGREED THAT, 1. In the event any portion of the property is taken or damaged in an eminent domain proceeding, the entire amount of the award or such portion thereof as may be necessary to fully satisfy the obligation secured hereby, shall be paid to Beneficiary to be applied to said obligation. Z By accepting payment of any sum secured hereby after its due date, Beneficiary does not waive its right to require prompt payment when due of all other sums so secured or to declare default for failure to so pay. 3. The Trustee shall reconvey all or any part of the property covered by this Deed of Trust to the person entitled thereto. on written request of the Trustor and the Beneficiary, or upon satisfaction of the obligation secured and written request for reconveyance made by the Beneficiary or the person entitled thereto. - 991 GB4 INEI Lam... a I