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85-MMEW 00.3_7 AVCQ_ FINANCIAL SERVICES
<br />DEED OF TRUST INTERNATIONAL, INC.
<br />GRANTOR(S): 19305nn227 .. „rags n.,. ,
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<br />IQt1UTH INWARD KNUTH DONNA = . co 416 WEST THIRD
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<br />ROUTE 3 BOX 81 GRAND ISLAND NE 68801o`I GRAND ISLAND, NEBRASKA
<br />HOINARD ;f ?Uni AND DONNA KUM
<br />IHUSBANI L NIFE)
<br />THIS DEED OF TRUST, Made this —12`11 day of AUGUST 19$$ - -, between— .t_____.__-
<br />r rRAND Tai and CLAY MC RM:F.RS
<br />hereinafter ailed TRUSTOR, whose address is_$OIiT�- 3- BQ7L$i- ,-- .am+.++ -� A'+�s�- +� -----
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<br />.hereinafter called TRUSTEE, whose address is 10130 RIME= RK DR-, OMARA, NEBRA-VA 6811L
<br />and AVCO FINANCIAL SERVICES INTERNATIONAL, INC., a Nebraska corporation, hereinafter called BENEFICIARY, whose address is
<br />416 WEST THIRD, GRA:JD ISLAND, NE
<br />WITNESSETH: That Trustor GRANTS, CONVEYS, SELLS AND WARRANTS TO TRUSTEE.. IN TRUST, WITH POWER OF SALE, the following described
<br />property, situated in HAIL " County, Nebraska:
<br />Part of the Southeast Quarter of the northeast Quarter (SO4MVL) of Section Ten (10) in
<br />Township Twelve (12) North, Range Nine(9) West of the 6th P.M., Fall county, Nebraska more
<br />particularly described as follows: Beginning at a point on the East line of said Southeast
<br />Quarter of the Northeast Quarter, said point being 134.07 feet north of the East Quarter
<br />corner of said Section 10; thence continuing Northerly along East line of said Southeast
<br />Quarter of the northeast Quarter a distance of 270.0 feet; thence deflecting left 90000`
<br />and running westerly a distance of 183.0 feet; thence deflecting left 9C 00' and running
<br />L- outherly and parallel tothe East line of said Southeast Quarter of the Northeast Quarter a
<br />distance of 270.0 feet; thence deflecting 90000 and running easterly 133.0 feet to the
<br />point of Beginning.
<br />dookisoerstax ROUTE 3 BOX 81, GRAND ISLAND, NE 68801
<br />(Number and Street)
<br />tagetia
<br />with all buildings sod iatprovsntenu now or heteaCter erected thereon and all screens, awnings, shades, storm sash and blinds, and heating, lighting.
<br />pplIuummbw�, gas, ekclric, saatietbK, refU'gsciting, and aircottditioning equipment used in connection therewith, ail of which, for the purpose of this Deed of
<br />Tt, sbaB be deemed fist and st[bjaCt to rise Iran hoseof, and the heteditaments and appurtenances pertaining to the property above described. and all
<br />streets. Mass, alleys, pdapgteY,' wW waN[s wafff courses, tights. liberties and privileges, whatsoever thereunto belonging or m anywise appertaining and the
<br />revsesions and remaindaardl of which is referred to hereinafter as the "premises ".
<br />TO HAVE AND TO HOLD the above - described premises, with the appurtenances and fixtures, unto the said Beneficiary, its successors and assigns forever, for
<br />lira purposes and uses herein set forth, free from all rights and benefits under and by virtue of any Homestead Exemption Laws of the State of Nebraska
<br />which way be entered, which said rights and benefits the said Trustor does hereby expressly release and waives.
<br />Truest akin arigiu to Beneficiary all rents, issues and profits of said premieres, granting the right to collect and use the same, with or without taking of
<br />th1 pammlaw, duti4Bcontinuance of default hereunder, and during continuance of such default authorizing Beneficiary to enter upon said premises and or to cOBoct
<br />and eNotm rise Anne wHhoat regard to adequacy of any security for the indebtedness hereby secured by any lawful means including appointment of a receiver in
<br />the now of goy, party hereto, and to apply the same less costs and expenses of operation and collection, including reasonable attorney's fees, upon any indebted -
<br />rain tratad hereby, in such order as Beneficiary may determine.
<br />FOR THE PURPOSE OF SECURING: (1) Performance of each agreement of Trustot contained herein; (2) Payment of the principal sum with
<br />install as provided in accordance with the terms and provisions of a Promissory !vote ; Loan .Agreement (hereinafter referred to as "promissory
<br />snots") dared - herewith executed by Ttusior and payable to the
<br />Order of Boosfkiary, in the principal sum of S 14 RII0_20 , and having the date of its final payment due on 61191119t 129195
<br />, or as extended, deferred or rescheduled �y+�re o� eflrumce; (3) Payment of any additional advances, with interest
<br />Aewoe as w4 berseftu be towed by Beneficiary to Trustor in a maximum sum of S14 • l� within 15 years from the date of this Deed of Trust;
<br />however, Alt pn/isph doer not constitute a commitment by Beneficiary to make future advances; (4) The payment of any Money that may be advanced by the
<br />Ilai nZaiy to Ttt m for may town or to third patties with interest thereon. where the amounts are advanced to protect the security in accordance with the
<br />eovMhuts d tfsia Dined of Trust; (S) Any renewal refinancing or extension of said promissory note, or any other agreement to PsY which may be substituted
<br />tlnmeaat.
<br />Ili s }aymear t made by Troator on the obligation aecured by this Deed of Trust shall be applied in the following order:
<br />FIRST: : To the payment of taxes and astetaments that may be levied and assessed against said premises, insurance premiums, repairs, and all other charges
<br />ied agreed to be paid by the Trustor.
<br />To the payment of interest due on said loan.
<br />THIRD: To this pays t of ptbucip ol.
<br />TO PROTECT THE SECURITY HEREOF, TRUSTOR(S) COVENANTS AND AGREES: (1) to keep said premises insured against loss by fuc and other
<br />husail carisa y gad eostingend" up to the, fun value of an improvements for the protection of Beneficiary in such manner, in such amounts, and in such
<br />mm�,�inM as reamtitauy may from time to time approve, and that log proceeds ()= expense of collection) shall, at Beneficiary's option, be applied on said
<br />YMbaWw, whw*w des at not or to the restoreticm of all impsovemettL In event of lost Trustor will give immediate notice by mail to the Beneficiary,
<br />Oka may make prod of toga if not nr +de promptly by Trustor, and each insurance company concerned is hereby authorized and directed to make payment for
<br />nth late dh+eUy to the Bgnefkiary innead of to the Trustor. (2) To pay all taxes and special assessments of any kind that have been or may be levied or
<br />as m i upos add premises, and to delivery to Bensfkiary upon request of the Beneficiary, the official receipt showing payment of all such taxes and
<br />raaeesmeb (3) la the event d default by Trustor uraler ;.=phi 1 or 2 above, Beneficiary, at its option, may (a) pace and keep such insurance above
<br />paosib l fat its faros tluoaeMout dw fife of this Deed of Trust and pay the reasonable premiums and charges therefor, (bt pay, all said taxes and assemnents
<br />wfstotrt dNersubs!ng As Arced; and (c) Pay rich hart stud sU such disbutaemeais dun be damed a part of the indebtedness secured by this Deed of
<br />Teed aM shad be yammdiately der aid payable by Tango( to Beneficiary. (4) To keep the buildings and other improvements now existing or hereafter
<br />watsed
<br />in good Caudill" and repair, not to commit or suffer any waste or any use of nth premises contrary to restrictions of record or contrary to law, and
<br />to permit DowncWy to Mlou at aB rmasotabniro Iimea for the purpose of inspecting the promises; not to remove or demolish any building lhetecm; to restore
<br />pre"dif aid M r said work malmar any bui diNis v y be dm Caged or destroyed thereon. and to pay, when due, all claims for labor performed
<br />cud ties$ ale d at foari (3) That. H e Wrier of the Note. he will pay, promptly the indebtedness secured hereby, and perform all other oblip-
<br />dettm i• to elwpMmaos with the terms of MA PromhaorY Note and this Deed of Trust. (6) at the time of payment of the indebtedness hereby secured, or of any
<br />post Aueef. slay be extanbd or tsrswed, and any portbts of the premises hetaMr described may, without notice, be released from the lien hereof, without
<br />fe{ae�g I Ibli ty of any person or the priority d thin Deed of Trust. (7) That he does hereby forever warrant and will forever defend the
<br />L gad the lawful claims of any road ap persons whatinewar.
<br />IT IB IMMALLY AOREW THAT.
<br />1) >ihmsdd Trustor fad to malts any payment or do any act as herein Provided, or if any action or proceeding is commenced which materially affects
<br />t intereat in the premises, that Basfkiary or Trustee, but without obligation to do so, and without notice to or demand upon Trustot, and
<br />yhdmt rel)saabug Trmtor from arty obligation hereunder, may make or do the same, and may pay. purchase, contest or compromise any encumbrance, sharp
<br />or Bell. which in the judgment d either appsan to affect said property; and in exercising any such powers, incur any liability and expend whatever amounts in
<br />We absolute dkieretim of Baneficiery or Trustee either may deem necessary therefor. An sums so incurred or expended by t3enc(icary, of Trustee ski:!( be
<br />without dm sm immediately due end payable by Trustor, shall bear interest at the highest rate permitted by law, and shall be secured hereby.
<br />(2) Should the premises or any prat( thereof be taken by reason of any condemnation proceeding, Beneficiary shall be entitled to an compensati,n, awards
<br />and other payments therefor, and to apply the same on the indebtedness secured hereby,
<br />(3) By meclptiog payment of any sum hereby secured after its due dale, or after the filing of notice of default and of election u) sell, Beneficiary shall not
<br />waive its night to ks prompt payment when due of all other sums so secured, or to declare default for failure a. so pay, of to proceed with the sale under
<br />any such notice d cult and o ekction to sell, for any unpaid balance of said indebtedness. If Bene[jiciary holds any additional security for any oMigoolion
<br />secured hereby, it may enforce the sale thereof at its option, either before, contemporan��CpyJ
<br />or the sale is made hco,under.
<br />top as -1411 Imes V. 7.011 His GUM60AL U1Un►T LAW ORIGINAL a �b
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