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<br /> NEBRASKA DEED OF TRU5T °
<br /> (With Power of 5ale)
<br /> THIS DEED OF TRUST,made khis zfi day of MARCH , �ggg ,
<br /> between CLAUDE R RINKE, A SINGLE PERSON
<br /> whose mailing address is 587 E 20TH STREET GRANO ISLAND, NE 66801 ,��—�
<br /> as Trustors, STEWART TITLE GUARANTY COMPANY �
<br /> whose mailing address is 1220 WASHINGTON SUITE 100 KANSAS CITY MO 64105 , C
<br /> as Trustee,and Norwest Financial Nebraska,Inc.,whose mailing address is 2319 NORTH WEBB RD
<br /> GRAND ISLAND, NE 68803
<br /> , as Beneficiary,
<br /> WITNESSETH,Trustors hereby irtevocably,grant,bazgain,sell,and convey to Trustee in trust,with power of sale,the following described
<br /> property in HALL County,Nebraska:
<br /> SOUTH ONE HUNDRED FORTY AND TWO HUNDREDTHS (140.2' ) FEET OF LOT ELEVEN
<br /> (11 ), GEER SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br /> NEBRASKA, EXCEPT THE SOUTHERLY TWENTY-FIVE AND ZERO HUNDREDTHS (25.0' )
<br /> FEET THEREOF.
<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$ 16,224.00 (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 without notice or demand,render the
<br /> entire unpaid balance of said loan at once due and payable,less any required rebate of charges.
<br /> To protect the security 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,structure or improvement thereon which may be damaged or destroyed;and to
<br /> comply with all laws,ordinances,regulations,covenants,condidons 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 chazges,liens
<br /> or encumbrances impairing thc security 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 hazards
<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 applicadon by the Beneficiary shall not cause discontinUattce 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 pursuant to such notice.In the event of foreclosure,all 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 written consent of Beneficiazy before selling,conveying or otherwise transfening the property or any part thereof and any
<br /> such sale,conveyance or transfer without the Beneficiary's written consent shall constitute a default under the terms hereof.
<br /> 5.To defend any acrion or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee.
<br /> 6. Should Trustor fail to pay when due any taxes, assessments, insurance premiums, liens, encumbrances or other charges against the
<br /> property hereinabove described,Beneficiary may pay the same,and the amount so paid, with interest at the rate set forth in khe note secured
<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,the 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 Beneficiary 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 khe property covered by this Deed of Trust to the person entitled thereto,on written request
<br /> of the Trustor and the Beneficiazy,or upon satisfaction of the obligation secured and written request for reconveyance made by the Beneficiary or
<br /> the person entitled thereto.
<br /> NE-991-7 197-1
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