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NEBRASKA DEED OF TRUST 86 -. 101853
<br />(With Power of Sale)
<br />Amount of First Instalment $3-45. Amount of fhher instalments $335.00 _-
<br />Total of Payments $_P4.1 -0 First Instalment Due Date -My- .18 —_ —, 19.f2.
<br />Number of Monthly instalments _. 72 Final Instalment Due Date —Apri l 8 19 92
<br />THIS DEED OF TRUST, made this _.14 day of .----- _.-- _--- .._...___.
<br />_ L_Smith. Husband and wife _
<br />between .__�_____Narr�D.._. Smith- and Shirley le
<br />whose mailing address is as Trustorx, .______First American._ Title Insurance Compaq _
<br />whose mailing address is ,. Flarney_S£. Suite 620 Omaha, NE. 66102
<br />as Trustee, and Norwest Finameml Nebraska, Inc., whose mailing address is _ —P• ,__BQx 137 ._____ —.— __
<br />Grand - ..Island. NE._ 68802 ------------ _- __,__ -- . as Beneficiary,
<br />WITNF.:iSETH, Trutstors hereby irrevocably, grant, bar sin, sell, and convey to Trustee in trust, with power of sale, the following de-
<br />scribed property m .,_____iatl County, Nebraska:
<br />The Easterly Half ('12) of Lots One- Hundred Thirty -six (136) and One- Hundred Thirty -
<br />Seven (137) in Belmont Addition to City of Grand Island, Hall County, Nebraska.
<br />Together with tenements, heredt tame tits. 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 Trustars' 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 ahove.'rhe 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 ot'sate loan, at once due and payable. less am' required rebate of charges.
<br />To protect the security of this Deed of Trust, Trustor covenants and agrees
<br />L To keep the property in {rood condition and r• ?air, to permit no waste thereof: to complete any building, structure or improvement
<br />being built or about to be built thereon; to restore promptly an.y 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 n£thts Deed of Trust
<br />3. To keep all buildings now or hereafter erected on the property described herizm � ontinuuusic insured against loss by fire or other
<br />hazards in an amount not less than the total debt secured {,y this deed nt Tnist All policies -hall he held by the Beneficiary, and be
<br />in such cc^+puaies is the Benefio -o may approve and have loss .,arable first to me Benefi,ian� as its interest may appear and then
<br />to the Truster. The amount collected under tiny insurance policy m on may b,- applied up ;in.. indt•btedness hereby' - -cured in such order as
<br />the Benefician shall determine. Such application by the Benefciary shall not rouse discontinuance of any proceedings to foreclose this
<br />Deed of Trust or cure or w'an'e an default or notice of defatat 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 pa= - -s_ to the purchaser at the foreclosure -sale
<br />d. To obtain the written consent of Beneficiary before selling, comeyini? or otherwise transferring the property or any part thereof and
<br />any such sale, conveyance or transfer without the Beneficiary's wntten consent shall constitute it delault under the terms hereuf-
<br />5 To defend any action or proceeding purporting to affect the security hereof or the rights i,r powers of Beneficiary or Trustee.
<br />6. Should Trustor fail to pay when duo any taxes, issessnivn.ts. insurance prenmmnis. pens. encumbrances or outer charges against the
<br />property heremabove descrihed. Be.nefic:ary ma} pay the same.:vid the arnuurit se paid. w th mieresi at the rate set forth in the note
<br />secured hereb., shall he added t:, and becmne a part ,f the debt sect: eat ni this Heed f Trust a4 . piermur< -d by la.v
<br />IT IS MUTUALLY AGREED THAT
<br />L lit the event any portion ul the proptrtc i, taker: or damaged in t enunent doioiwi I- weeding. the- entire amount of the award
<br />or such portion thereof as mac be necessary to fully satisfy the obligation secured herehv. <hail be paid to Benetierary to be supplied to
<br />said obligation.
<br />2. By accepting payment of anv win secured hereby after its due date. Benefictarc does not wary its right to require prompt payment .
<br />when due of all other -um, se secured or to declare dot 11t fair fathire to so pay
<br />3. The Trustee shall reconvev all nr any part i,f the p -pe,ty coven-d hr thus Deed of Tru ':t !u the person snouted thereto, on written
<br />request of the Truster and the Benefician or upxm satisf t,i:on ,i tily obligation - tured and written revpuest for recomeyance made by
<br />the Beneficiary or the person entitled thereto
<br />991 G84 ! NE 1
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