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Ansatint of First buitaiinent s507-00--
<br />Total 0(payments $A4!?.; A
<br />Number of Monthly Instalments 120
<br />86- :101850
<br />NEBRASKA DEED OF TRUST
<br />(With Power of Sale)
<br />Amount of Other Instalments S-50-00_
<br />First Instalment Due Date May—AL—, 19M.
<br />Final Instalment Due Date Aa•iLIB__ AC
<br />THM DEED OF TRUST. inside this day of
<br />between John R. Ramirez and MiriaM
<br />how,mailing address in — _290 W. Louise Grand
<br />"Trustors, --First American Title Insurance Company
<br />whom moiling address is _U0_E&rf1eY_LSt__5ui1a_E&__ Omand,
<br />as Trustee, and Norwest Financial Nebraska, Inc., whose mailing address is P.O. Box 1373
<br />Grand Is land, NE. 68802
<br />as Beneficiary,
<br />%WNESSETH, 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 />Lot One (1), in Block Four (4), in Gladstone Piace, in the City of Grand Island,
<br />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 Berieficiary of Trustors' promissory note of even date in the
<br />amount stated above as "Total of Pavinents'. 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 v be made in advance in any amount. at any time. Ilelault in making any payment shall, at the Beneficiary's option
<br />and without notice ordemand, render the entire unpaid balance of said loan at once due and pavable, iessariv 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 nn caste thereof- it) complete any building, structure or improvement
<br />a
<br />tieing built or about to he built thereon, to re,Store promptly any building. ,trucrure or improvement thereon which may v be damaged or
<br />destroyed; and to comply with all laws, ordinances, regulation%, covenant.,, conditions and restrictions affecting, the property
<br />2. To pay before delinquent all lawful taxes and assessments upon the property; to keep the property tree and clear of all other charges,
<br />liens or encumbrances impairing the ;ecurjtvnfthis Deed fi[Trust
<br />'t To keep all buildings now or hereafter erected on the property described herein ointinuousiv insured against loss by fire or other
<br />hazards in an *mount not less than the total debt secured by this Deed of Trust. All policzes shall be held by the v and be
<br />Beneficiary,
<br />in such companies as the Beneficiary may approve and have loss payable first to the Beneficiary as its interest may appear then
<br />to the Trustor The amount collected under any insurance policy may lit, applied upi)n anv indebtedness hereby secured in such order as
<br />the Beneficiary -hall determine Such application by the Beneficiary shall not cause dz%continuanre of anv proceedings to foreclose this
<br />o cur' or waive o" to such
<br />Deed of Trust r default or notice of default, or invalidate any act done pursuant it notice In the eventL of foreclosure,
<br />all rights of the Trustor in msuran— policies then in force shall pass to the purchaser at the foreclosure sale.
<br />4. To obtain the written mmi.,ent of Beneficiary before sPlling. conveying or othervi t=v transferring the property or any part thereof and
<br />any such sale. contievance (.r transfer without the Beneficiary .,' written rnnsent shall constitute a default under the terms hersof.
<br />S. To defend any action or proceeding purporttriL to affect the security hereof or the rtghis or powt-rs of Beneficiary or Trustee,
<br />6. Should Trustor fail to pay when due ariv taxs . asse-Asments, insurance premiums, liens, encumbrances or other charge., against the
<br />property hereinubove described, Beneficiary may pay the anu-, and the :unotloL tno pati, with interest at the rate vet forth in the note
<br />secured herebY, shall be added to and become jx,rl of'he debt -enured in ,fit, Deed of Trust ;is pvrnotted it% law
<br />IT IS MUTUALLY AGRVED THAT
<br />1. In the event any portion of the property as taken ar damaged it, an eminent domain proceeding, the entire amount of the award
<br />or such portion thereof as may tee nev"e ary to Ital!v satisfy the r6ligation secured hereby. shall be paid to Beneficiary to be applied to
<br />said obligation
<br />2- By accepting payment of any suit — ured hereby after its due daze, Beneficiary does not waive its right to require prompt payment
<br />when due of ail other sums so secured or to declare default for failure to so pay
<br />3. The Trustee shall reconvey all or an, patrt r.f the property co,erwi by this Deed of Trust to the person entitled thereto. on written
<br />requ".t of the Trustor and the Beneficiary. t?r up,lu •:atl�iaclfoo ...I this .hheatton setur•d and ixt-itien request for reconve%drice mate by
<br />the Beneficiary or the person entitled thvrcr to
<br />99, G84 INEs
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