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<br /> <br />r <br /> <br />8-81".' <br /> <br />with a note of even date and in any event on the --1aL..- <iay <br /> <br />of <br /> <br />Kav <br /> <br />, 19.JL.. <br /> <br />on the payment of interest computed monthzly on' dll!' !lh:PJ;"':,,,p: <br />pal balance and <br />to principal. All payments shall be made at the off,iee,o~V''fft.' <br />BENEFICIARY. First National Bank of Grand <br /> <br />Street, Grand !sland.. Nebraska. or at such <br /> <br />holder may designate in ....riting. <br /> <br />It IS agreed by and between the parties hereto' <br /> <br />....hile tH!e IS vested in Ihe TRUSTEE and until fiUng of Notetc., <br /> <br />of Default. the TRUSTORS shall <br /> <br />A. Retain possession of the premises and collect thett!ftits <br />dnd reVenues therefrom. <br /> <br />B. Malnlaln the buildings and improvements located thereon <br />m goO<! condition and repair. <br /> <br />C. Pay"!: taxes <lnd speCIal assessments levied or assessed <br />iigamsl or due upon !>ald premises before delinquency, <br />and to deilver 10 BENEFICIARY copies of receipts show,tlll' <br />payment of such taxes. <br /> <br />D. Procure dnd maintain poliCIes of inSurance against the <br />usual hazards of fire, hail, ....indstorm and other simU.r <br />nSK5. In sums and underwrItten by companies a~eptabl. <br />to the BENEF!CiARY. ....lth loss payable to the parties <br />as their Interest may appeal'. <br /> <br />E, Pay to the BENEFIC:ARY. if BENEflCIARY so requires, <br />logether wlth ,lnd 'n addition to the regular monthly <br />payments of pnnClpal and Interest, on the date set forth <br />for the malung of lhe payment each mooth, a sum as <br />"5tabllshed by the BENEflCIARY equal to the taxes and <br />speclal assessments next due on the premises, plus the <br />prellllum that ...11! next be<:ome dUe and paYllble on <br />Insurance polioes covenng Ihe premises, divided by <br />the number of flh.'\nths 10 elapse before one month prior <br />to lhe dale ....hE'n such taxes, special aS5essments and <br />premtum will he due. Said sums to be held by the <br />BENEFICIARY ln Irust to pay the taxes, special assess- <br />ments dnd Insurance premiums. Any defiCIency in Ihe <br />amount of any aggregale monthly payment (pnncipal, <br />tnterest, taXE"S~ .:;,p~!o!!! 1sse-ssm.ents and insurance <br />premIum) ,haU constitute d defaull. The arrangements <br />pn.>Vlded ior In this subparagraph at'e for the added <br />proteclron of the BENEFICIARY. and entad no reponslbil1ty <br />on the pari of the BEN;::FICIARY. <br /> <br />TRUSTORS covenant and agree that Ii failure to make <br /> <br />any J><lymenl, ellh..r pnncipal ('r IOUrest ,)0 the no Ie secured <br /> <br />~rt!by when due "nn payable, M d fl1l]ur(' to comply ....lth "ny <br /> <br />2 - <br /> <br />.,,~ <br />