86103256 - Laserfiche WebLink

Browse

103256 NEBRASKA DEED OF TRUST (With Power of Sale) Amount of First Instalment $— %.00 — Amount of Other Instalments $J-8-1-0— Total of Payments s 13032.00 First Instalment Due Date . —July 23 19fl . Number of Monthly Instalments __.2 2_—. Final Instalment Due Date June _23 _1992-- THIS DEED OF TRUST, made this 18_ day of _ ____.___ —_ lune 195_, between __ Pete B. Moreno and Carmen A Moreno_ -htka and and Wife whose mailing address is 521 E. Ashton Grand Island _NE. 68801 asT»wrs, First American Title Insurance Comga 1905 Hae St. Suite 620 Omaha NE__ 68102 _ whose mailing address is —_ - -M--x N as Trustee, and Norwest Financial Nebraska, Inc.. whose mailing address is _2137 firth We Road P.O. Box 1373 Grand Island, NE. 68802 _ as Beneficiary, MMNESSETH, Ttvstors hereby irrevocably, grant, bangs ilni sell, and convey to Trustee in trust, with power of sale, the following de- scribed property in — _— . - - - - -- - -NN— 1— ------- .--- - - - --- County, Nebraska: A part of Block Two (2) of Koehler Subdivision located upon a part of Southeast % Southwest 'I. (SCIM /.) Section Fifteen (15), Township Eleven (11) North, Range Nine (9) West of 6th P.M. and part of Lot Fourteen (14) of Cainty Subdivision of West '!z of _%uthwest 'k, Section Fifteen (15), Township Eleven (11) North, Range Nine (9) West of 6th P.M. mre particularly described as follows, to -wit. Commencing at a point on North boundary line of said Block Two (2), 95 feet West of NDrth- east corner of said Block running thence South parallel with West boundary line of said Block for distance of One - hundred thirty -five (135) feet to a point on Northerly boundary line on Belt line of Chicago Burlington and Quincy Railroad Campany, nuxning thence in Southwesterly direction along and upon said Wrtherly boundary line of said Belt line for a distqnce gf 554g. fj nuurli thence %Yth r lllle-l{wwitt�h Westt boundary line � said Block for of 175 feet to North `I'oge�tlier witRilnneBmi nn , eeredita en can apptiPfen.VcR1&getYnt �ni•' br% JntWX&W tig�hd the rents, issues and profits thereof. This conveyance is intended for the purpose of securing the payment to Beneficiary of Trustors' promissory note of even date in the amount stated above as 'Total of Payments". Said -Total of Payments" is repayable in the number of monthly instalments stated above. 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 above- Payment may be made in advance in any amount at any time. Default m making any payment shall, at the Beneficiary's option and without notice or demand, render the entire unpaid balance of said loan at once due and payable. less any required rebate of charges. To protect the security of this Deed of Trust. T - :stor covenants and agrees. 1. To keep the property in good condition and repair: to permit no wa �e thereof. to complete any building, structure or improvement being built or about to be built thereon; to restore promptty any building, structure or improvement thereon which may be damaged or destroyed; and to comply with all laws. ordinances, regulations, covenants. conditions and restrictions affecting the property. 2. To pay before delinquent all lawful taxes and assessments upon the property: to keep the property free and clear of all other charges, liens or encumbrances impairing the security of this Deed of Trust. 3. To keep all buildings now or hereafter erected on the property described herein continuously insured against loss by fire or other 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 in such companies as the Beneficiary may approve and have loss payable first to the Beneficiary as its interest may appear and then to the Truster. The amount collected tinder any insurance policy may be applied upon any indebtedness hereby secured in such order as the Beneficiary shall determine. Such application by the Beneficiary shall not cause discontinuance of any proceedings to foreclose this Deed of Trust or cure or waive any default or notice of default or invalidate arty act done pursuant to such notice. In the event of foreclosure, all rights of the Truster in insurance policies then in forcg,.shall.. pass - -to the purchaser at the foreclosure sale. 4. To obtain the written consent of Beneficiary before;selling, conveying or otherwise transferring the property or any part thereof and any such sale, conveyance or transfer without the Beneficiarys- wnttert consent shall constitute a default under the terms hereof. 5. To defend any action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee. S. Should Truster fail to pay when due any taxes, assessments, insurance premiums, liens, encumbrati— o, other charges against the property hereinabove described. Beneficiary may pay the same, and the amount so paid. with interest at the rate set forth in the note secured hereby, shall he added to and become a part of the debt secured in this heed or Trust as perriotted M iaw. IT IS MUTUALLY AGREED THAT 1. In the event any portion of the property is taken or damaged in an eminent domain pr(weeding. the entire amount of the award or such portion thereof as may be necessary to fully satisfy the obligation secured hereby, shall he paid to Beneficiary to be applied to said obligation. 2. By accepting payment of any sum secured hereby after its due date, Beneficiary does not waive its right to require prompt payment when due of all other sums- so secured or to declare default for failure to so pay 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 request of the Truster and the Beneficiarv. or upon satisfaction of the obligation secured and written request for reconveyance made by the Beneficiary or the person entitled thereto a R I i