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xl nf.di 4 0350
<br />NEBRASKA DEED OF TRUST
<br />(With Power of dale)
<br />Amount of First Instalment 8-11-9 —.0 Amount of Other Instalmenta $3J340—
<br />Total of payments >j a�� �.� 4� First Instalment Due Dato m IA .
<br />Number of Monthly Instalmonta i 80 _. Final Instalment Due Date A2.
<br />THIS DEED OF TRUST, 'thia r26 day of October
<br />between Bi 11 ®s�"Sw n on and Th r s p gapd_.and wife T_
<br />whose mailing addrasa is _ 816 Mist 4th T,CY end IsJan . NE �j 01__
<br />naTrustors, John Cunn1'ngh m. Atty. _
<br />whom mailing address is _ Cedg_iran_l
<br />as Trustee, and Norwent Financial Nebraska, Inc., whose mailing address is —237 N, _YeL1b_R0 d_____
<br />P.O. Box 1373—. r nd -�-L. n N ._6MD2 - - - -. , as Beneficiary,
<br />WrrNESSETH, Trustors hereby irrevocably, grant, bargain, sell, and convey to Trustee in trust, with power of sale, the following de-
<br />scribed property in _ Ha 11 _ _ _ County, Nebraska:
<br />Lot Seven (7), 81cok Sixteen (16), in Rollins Addition to the
<br />City of Grand Island, Hall County, 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 "Total 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, Truster 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 be 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 Iced 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 be
<br />in such companies as the Beneficiary may approve and have lose 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 Truster in insurance policies then in force shall pass to.the purchaser at the foreclosure sale.
<br />4. To obtain the written consent of Beneficiary before selling, conveying or otherwise transferring the property or any part thereof and
<br />any such sale, conveyance or transfer without the Beneficiary'attrritten 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 />ti. Should Truster fail to pay when due any taxes, assessments, insurance premiums, liens, encumbrances or other charges against the
<br />property hereinabove described, Beneficiary may pay the same, and the amount so paid, with interest at the rate set forth in 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 I UMIALLY 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 to 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 Trustor and the Beneficiary, or upon satisfaction of the obligation secured and written request for reconveyance made by
<br />the Beneficiary or the person entitled thereto.
<br />991 G04 (ME)
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