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Amount of First Instalment x....._2,7..4.__
<br />I of Payments 111161. AO,
<br />Number of Monthly Instalments.—M—_
<br />0
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<br />NEBRASKA UEKA OF TRUST
<br />(With Power of ale)
<br />Amount of Other Instalments
<br />First Instalment Due Data
<br />Final Instalment Due Dat® _ -_ _.__, 19_92
<br />THIS DEED OF TRUST, made this ._.17 day of _.._ _. -.. -- _.____ ----- - --- -_ - - -_ __.._ _: ��. �_---- .--- . - - - - -_ 19__ 7 ,
<br />between
<br />whose mailing address is __17m�,f'�rn?__.mia.. N.�� 6$801.1 .__._..___ ------- __- _.__.
<br />as Trustors. - - - - --
<br />whose mailing address is __._�.__ r_. -end _.I_S�nda_._Ne68$01_ ______- - _ _ _
<br />as Trustee, and Norwest Financial Nebraska. Inc., whose mailing address 12337 .North Webb .Rd _ Grand_ I s l ands_ Ne. _
<br />as Beneficiary,
<br />WITNESSETH, Trustors hereby irrevocably, grant, bargain, sell, and convey to Trustee in trust, with power of sale, the following de-
<br />scribed property in County, Nebraska:
<br />Lot Sixteen (16) Block Seventee (17), in Scarff's Addition
<br />and its compliment, Lot Seventeen (17) of Subdivision of Lots
<br />280, 281, and 282 in Westlawn, City of Grand Island, County
<br />of Hall, State of Nebraska
<br />Together with tenements, hereditaments, and appurtenances thereunto belonging or in anywise appertaining and the rents, issues and
<br />profits thereof.
<br />This conveyance is intended for the purpose of securing the payment to Beneficiary of Trustors' promissory note of even date in the
<br />amount stated above as "Total of Payments ". Said "Dotal of Payments" is repayable in the number of monthly instalments stated above.
<br />The amount of the instalment payments 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. 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.
<br />To protect the security of this Deed of Trust, Trustor covenants and agrees:
<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, structure or improvement thereon which may he damaged or
<br />destroyed; and to comply with all laws, ordinances, regulations, covenants, conditions and restrictions affecting the property.
<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 encumbrances impairing the security of this Deed of Trust.
<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 he
<br />in such companies as the Beneficiary may approve and have loss payable first to the Beneficiary as its interest may appear and then
<br />to the Truster. 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 Beneficiary shall not cause discontinuance of any proceedings to foreclose this
<br />Deed of Trust or cure or waive any default or notice of default or invalidate any act done pursuant to such notice. In the event of foreclosure,
<br />all rights of the Trustor in insurance policies then in force shall pass to the purchaser at the foreclosure sale.
<br />d. To obtain the written consent of Beneftci befDW selling, conveying or otherwise transferring the property or any part thereof and
<br />any such sale, conveyance or transfer without t I. ineffei ry°s written consent shall constitute a default under the terms hereof.
<br />5. To defend any action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee.
<br />6. Should Trustor fail to pay when due any taxes, assessments, insurance premiums, liens, encumbrances or other charges against the
<br />property heremabove described, Beneficiary may pay the same, and the amount so paid, with interest, at the rate set forth to the note
<br />secured hereby, shall be added to and become a part of the debt secured in this Deed of Trust as permitted by law.
<br />IT IS MUTUALLY AGREED THAT
<br />1. In the event any portion of the property is taken or damaged in an eminent domain proceeding, the entire amount of the award
<br />or such portion thereof as may be necessary to fully satisfy the obligation secured hereby, shall be paid to Beneficiary to be. applied to
<br />said obligation.
<br />2. By accepting payment of any sum secured hereby after its due date, Beneficiary does not waive its right to require prompt payment
<br />when due of all other sums so secured or to declare default for failure t4r, so pay.
<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 written
<br />request of the Truster and the Beneficiary, or upon satisfaction of the obligation secured and written request for reconveyonce made by
<br />the Beneficiary or the person entitled thereto.
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