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r �= 106896
<br />NEBRASKA DEED OF TRUST
<br />(With Power of Sale)
<br />Amount of First Instalment $ 454.38 Amount of Other Instalments $ 449.97
<br />Total of Payment. $ 15,753.3 First Instalment Due Date 1 19-18-
<br />Number of Monthly Instalments 15 Final Instalment Due Date Nov l • —, 19-9-0
<br />THIS DEED OF TRUST, made this 25 day of November Is 87
<br />between Hugh D Brandon and Frances A Brandon husband and wife
<br />whose mailing address is 2529 W Anna Grand Island, Ne. 68803
<br />as Trustors, John Cunningham
<br />whose mailing address is 222 N Cedar Grand Island, Ne. 68801
<br />as Trustee, and Norwest Financial Nebraska, Inc., whose mailing address is 2337 North Webb Rd.
<br />PO Box 1373 Grand Island Ne 68802 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 Hall County, Nebraska:
<br />West thirty (30) feet of Lot two (2), and East Thirty -five (35) feet of Lot
<br />Three (3), Block Twelve (12), Parkhill Third Subdivision, Hall County, Grand
<br />Island 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, 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 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 )awful 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 be
<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 Trustor. The amount collected under anv 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 />4. To obtain the written consent of Beneficiary before selling; cb",veyir* or otherwise transferring the property or any part thereof and
<br />any such sale, conveyance or transfer without the Beneficiary's written bbnsent 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 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 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 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 G841NE)
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