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<br /> NEBRASKA DEED OF TRUST
<br /> (With Power of Sale)
<br /> THIS DEED OF TRUST,made this �g day of MARCH 1998
<br /> between DENNIS A REISINGER & GRACE E REISINGER HUSBAND & WIFE AS JOINT TENANTS �//�
<br /> whose mailing address is 1123 S CHERRY GRAND ISLAND NE 68801 �
<br /> as T��s, STEWART TITLE GUARANTY COMPANY '
<br /> whose mailing address is 1 KANSAS CITY PLACE 1220 WASHIN�TON SUITE 100 KANSAS CITY MO 64105
<br /> as Trustee,and Norwest Financial Nebrasl�,Inc.,whose mailing address is 2319 NORTH WEBB RD �
<br /> GRAND ISLAND NE 68803 , as Beneficiazy,
<br /> WTTNESSETH,Tivstors hereby irrevocably,grant,bazgain,sell,and convey to Trustee in trust,with power of sale,the following described
<br /> properiy in HALL County,Nebraska:
<br /> THE NORTH 50 FEET OF LOT 50 AND THE SOUTH 32 FEET OF LOT 51 , FONNER
<br /> VIEW SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> Together with tenements,hereditaments,and appurtenances thereunto belonging or in anywise appertaining and the rents,issues and profits
<br /> thereof.
<br /> This conveyance is intended for the purpose of securing the payment to Beneficiary of Trustors'promissory note of even date in the amount
<br /> of$66,240.00 (Total of Payments).Said Total of Payments is repayable according to the terms of said note.Payment may be made in
<br /> advance in any amount at any time. Default in making any payment shall,at the Beneficiary's option and wikhout notice or demand,render the
<br /> entire unpaid balance of said loan at once due and payable,less any required rebate of chazges.
<br /> To protect the secutity of this Deed of Trust,Trustor covenants and agrees:
<br /> 1.To keep the property in good condition and repair;to permit no waste thereof;to complete any building,structure or improvement being
<br /> built or about to be built thereon;to restore promptly any building,sttucture or improvement thereon which may be damaged or destroyed;and to
<br /> comply with all laws,ordinances,regulations,covenants,conditions and restrictions affecting the property.
<br /> 2.To pay before delinquent all lawful tazes and assessments upon the property;to keep the property free and cleaz of all other chatges,liens
<br /> or encumbrances impairing the secwity of this Deed of Trust.
<br /> 3.To keep all buildings now or hereafter erected on the property described herein continuously insured against loss by fire or other hazatds
<br /> 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
<br /> the Beneficiary may approve and have loss payable first to the Beneficiary as its interest may appeaz and then to the Trustor. The amount
<br /> collected under any insurance policy may be applied upon any indebtedness hereby secured in such order as the Beneficiary shall determine.
<br /> Such application by the Beneficiary shall not cause disconkinuance of any:proceedings to foreclose this Deed of Trust or cure or waive any
<br /> default or notice of default or invalidate any act done pursuaut to suc�notice.I�}the event of foreclosure,a11 rights of the Trustor in insurance
<br /> policies then in force shall pass to the purchaser at the foreclosure sale: � -.
<br /> 4.To obtain the wtitten consent of Beneficiary before selling,conveying or otherwise transferting the property or any part thereof and any
<br /> such sale,conveyance or kransfer without the Beneficiary's written consent shall constitute a default under the terms hereof.
<br /> 5.To defend any action or proceeding putporting to affect the security hereof or the rights or powers of Beneficiazy or Trustee.
<br /> 6. Should Trustor fail to pay when due any tazes, assessments,insurance premiums, liens, encumbrances or other charges against the
<br /> property hereinabove described,Beneficiazy may pay the same,and the amount so paid, with interest at the rate set forth in the note secuted
<br /> hereby,shall be added to and become a part of the debt secured in this Deed oF Trust as permitted by law.
<br /> IT IS MUTUALLY AGREED THAT:
<br /> 1. In the event any portion of the property is taken or damaged in an eminent domain proceeding,khe entire amount of the award or such
<br /> portion thereof as may be necessary to fully satisfy the obligation secured hereby,shall be paid to Beneficiazy to be applied to said obligation.
<br /> 2.By accepting payment of any sum secured hereby after its due date,Beneficiary does not waive its right to require prompt payment when
<br /> due of all other sums so secured or to declaze default for failure to so pay.
<br /> 3.The Trustee shall reconvey all or any part of the property covered by this Deed of Trust to the person enritled thereto,on written request
<br /> of the Trustor and the Beneficiary,or upon satisfaction of khe obligation secured and written request for reconveyance made by the Beneficiary or
<br /> the person entitled thereto.
<br /> NE-991-1197-1
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