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DEED OF TRUST
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<br />GRAN1.OR(s): F0481�
<br />ruin wart nn•,wrtr
<br />a„AN111M
<br />ra Mom woww rr
<br />1 21 N. SRERnAN PLACE
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<br />P
<br />GRAND ISLAND
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<br />IIFNEFWIARY
<br />AWO FINANCIAL SERVICES
<br />INTERNATIONAL, IN(',
<br />u (Addressi
<br />A 1425 NORTH win ROAD
<br />GOPP
<br />NE 68801 1 GRAND ISLAND A NEBRASKA
<br />DAJ
<br />THIS DEED OF TRUST, Made this AM— day of AU 1989 , between r
<br />hereinafter called TRLISTOR, whose address is 1114111 31 SMIDAN P1 CPIAW Ze 311nd CLAX aisrAOCt�e
<br />- , hereinafter called TRVSTFF, whose address is 11 CGS 11 1158T. to SUX.TZ Na 6"5111-
<br />a 14jr0RTRANCIAL SERVICES G�EI Ada L. INC., a Nebraska corporation, hereinafter called BF.NFFICiARY. whose addict% D
<br />WITNI,SSETH: That Truster GRANTS. CONVEYS. SELLS AND WARRANTS TO TRUSTEE, IN TRUST, WM PO NM OF SALE, the following described
<br />property. situated in _ County, Nebraska:
<br />LOT FIPTLEN (15)9 DWERIAL VILLAGE THIRD SUEDDIVISIOR„ TO THE CITY OF QRM ISLAND$ HALL CO11NTta
<br />NEERASKA
<br />(Number and Street)
<br />together: Nail+" alb: buildings and tmprovemeifs+ no% ur hereafter erected thereon and an screens, aski)!5� siha �, storm sash and blinds, and heating, lightins;
<br />plumbinw" pvty ei'ectric. Welflating, refrigerating and air- conditioning equipment used in connections --tJ*ew:ith, all of which, for the purpose of this Deed of
<br />T'rusf- N' .shall deemed fixtures and subjec0o, the lien hereof, and the hereditament% and appurlenairms pettainit+F to the property above described, and all
<br />Rtlre,r. lanes, alleys, pa%ugcs, ways, waters, water courses, rights, liberties and prhilegcg, whatsoever thereunto belonging or to anywise appertaining and the
<br />tt'a:4,tslons and remainders, all of which is referred to hetcimfter as the "'premises". _
<br />Tv- iiA'vi. -J1NI TV HQLIT the aTwredet'crit+ed,prctnises, with the appurt¢ +gees arid fixtures. until tJre•said Beneficiary, its successors and assigns, forever, for = - —
<br />t+ purposes anld uses herein set forth. free, ftrstlr all f-Ots and benefits render and by virtue 0.'1wil; homestead Exemption Laws of the State of Nebt�e..
<br />..1: may be r� zz;cdr w1fich said rims auvfJS�tiidx the sAW Tractor does hereby expressly release and waives.
<br />Ttwtor also mafg<ta to 13er*0d4py 49 rents. i* cam! and Mh'do ot• said premises, grantirl� thti9 tifih> to collect and use the same, with or without taking possession of
<br />the premises. during continf inete r,: default tterernder, ynd J"ru�tg continuance of such deFvti c ";citlforizinS Beneficiary to enter upon said premises and/or to collect
<br />and 1N no the same wiR+tirtC tt rid to adequa,ry'of any sea,:nty for the indebtedness ht -hV secured by any lawful means including appointment of a receiver in
<br />any party hereto. aind to apply tlh same less ciists and expenses of operation and collection, including reasonable attorney's fees, upon any Indebted-
<br />FOR wcured hotrby, in such order as Benefictat.5y'yrif y determine.
<br />}
<br />FOR THE PUXPQSL. Oi' SECURING: (1) Performance uf.cach agreement of Trustor contained herein; (2) Payment of the prjncipal sum with interest, tis
<br />provided in accordance pith, the terms
<br />and prosrsiurtV •,t,( a Promissory Note / Loan Agreement (hereinafter referred to as ••promissory• "rite "). dated
<br />31,1282
<br />Rerewith executed by Trustor and payable to tine order of Beneficiary. in the Flihcipah sum of
<br />$'1Na
<br />'t�Q -- , `' ' - and having the date of its final payment due on MAY 3 19ft
<br />a . or as extended., .
<br />deferred or rerc4tirgiiled •by Qum ^_ice;
<br />—
<br />¢encwal or re (3) Payment of any additional advances, with interest thereon as may hereafter be loancd by Beneficiaryg
<br />to Trustor in a tits S 11.50fb� 37
<br />h does not etas:?
<br />within 15 years from the date of this Deed of Tifts:.• however,
<br />this paragraph does not araurutc a cuminirment by Bene lctary to make future i kv=ces; (4) The payment of any money that may be ade•,e
<br />Benefkiaty to Trustor for an !eason "rtr4 by the
<br />t; _
<br />or to r kind.
<br />pantics, with interest thereon, where, 0,et amounts are advanced to protect the security in accoafw�x,yyittt the
<br />covenants of 'his Deed of Trust; (5) Any tenew•al• the
<br />'
<br />refinancing or extension of said., rumssory note, or any other agreement to pay which mayjA=*,,1yjt
<br />therefor. .
<br />All payments made by Trustor on the ohligatwn secured by this Deed of Trust shall be applied in the .14owing order;.
<br />FIRST: To the payment taxes and assessment. that t>L levied
<br />may and assessed against said premises, insurance jremiums, repairs, sisr2 af1'iit!ter charges
<br />and ex sc%
<br />pin agreed to br paift'b}: the Trustor.
<br />ff
<br />SECOND: To the payment,or.interest due on said loan..
<br />THIRD: To the payment of "principal.
<br />TO PROTECT THE SECURITY HEREOI•. TRVSTOR(S) C'OYENANTS AND AGREES: (1) to keep said premises insured a�llnst loss by fire and other
<br />hazards, casualt),; ofrd contingencies up to the full value of all ifnproverfad"1tts for the
<br />protection of Beneficiary in such manner, err, sr eh amounts, and in such
<br />cumpaWs as lkis (wary may from time to nitre approve, And that loxaa priacceds (less expense of collection) shall, at Beneficiyry %'ssiptiuni be applied on said
<br />indebtedness, whotfter due c?e not or to the recta.
<br />ration rF srM improveiruntc. In event of loss Tru %tor %rill give immediate nuticc by mail to tlle,8erteficiaty,
<br />!4213 may tisaice. proof of iesslr iil'n.a made promptly by Troia co;, and es, h rnsuranre corrii?rany concerned is hereby authorized and directed to mak+ p yment for
<br />such 1014 directly to the Bgrkkitdrry instead of to the Tr; r2) Tu
<br />tqr. pay all taxes wuf; special asaccsments of any kind that have been ar mYOZ,be levied or
<br />assessed upon said premises, arils to delivery to Beneficiai, upon request of the B'ace xciary, thw official receipt showing
<br />In
<br />provided f (3) payment of all such taxes and
<br />the event of default by Trustor under Paragraphs 1 or 2 above, Beneficiary, at its option, may (a) place and keep such insurance above
<br />provided for in force througgpout the life of this Decd of Trust and pay the reasonable premiums and charges therefor; (b)
<br />without determining
<br />pay all said taxes and assessments
<br />the %alidity thereof; t.nd (c) Pay such liens dnd all such disbrusements shall be deemed a part of the indebtedness secured by this Deed of
<br />Tntst anif shall he immediately due and payable by Trustor Hencficrary.
<br />to (4) To keep the buildings and other improvements now existing or hereafter
<br />Meted iejtood condition and repair, not to commit or suffer any waste or any use of said premises contrary to restrictions
<br />to 6earfictiary
<br />permit of recotd of contrary to law, and
<br />to enter at all reasonable time% for the purpose of inspecting the premises; nut to remove or demolish any building thereon; to restore
<br />Promptly and in a good and workmanlike manner any budding% which may be damaged or destroyed
<br />thereon, and to pay, when due, all claims for labor performed
<br />JIM materials furnished therefor; (S) That• if a signer %If the Promissory Note, he will pay• ppromptly the indebtedness secured hereby, and perform all other obliga-
<br />tion' in full camptianct! with the terms of said Promissory Note and this Deed of Trust. (6) That
<br />the time of payment of the indebtedness hereby secured, or of any
<br />P"W!rr thsrauf, play be extended of renewed, arid any portions of the premises herein described may, without notice, be released from the lien hereof, without
<br />rekasie� or atfe. ling the personas liability of any the
<br />person or
<br />os _priority of this Decd of Trust. (7) That he does hereby forever warrant and will forever defend the
<br />title and Possession thereof against the lawful claims
<br />of any and all persons whatsoever.
<br />1T 1s 111MALLY AGREED THAT:
<br />(ir Should 'frustor fail to make any payrrtrnt or do any act as herein provided, of if any etIfun or proceeding rs ,,.nunemrd sshrth milterr,111v affect,
<br />isetvir.rary's inrerest net the Premises, then Denefatary or Trustee, but wrlhuut obhgenon to Jo
<br />�c,, anJ arthout nunrc t.• ..r JruranJ ul,,,n Inntur. and
<br />witkml rrkatinE irucror from any ubluplion hereunder, may make Of dr► fire same, and may pay, purchase, contest ur somprornis! any encumbrance. charge
<br />Cr lien. wbf..h is the )uditnieni of vi tile? appear; to affect said praperty, and in ,•-wresting
<br />any such powers, rnc-ur any liability and c%pend whatever ,unnuntc u,
<br />the abvtlut; dwretutr, ,•f Bertefxr:rry ur "trustee either may deer" neses•.ar) thcrcim All sums cu incurrcJ nr c- landed by &nclhtan +,r 'feu. ?,, shall he
<br />wtthuur d�rnand rmtrtsdtasely due snJ by lro.r.n.
<br />payabe shall bear mtereu at the higffcvt rate pwrmrtrc <I h> Lew, and hall he ,tired hrrehv
<br />t, n Shr.oW tier Pt »rice
<br />or any p,erf flute,.) hC taken h)• feaa,n of any umdcrnrtatr,at ti,teedin., Itencfr: rate %find n rn"tt • ,u n
<br />;ad 'dhrt liaYlurn" thcrclot. And R. a + r p c ul tanur,.•n, aa.uds
<br />0[ l3 lrr sank , m ptr r "rlehrr.jnrc. _'LnreJ hem-by
<br />r i) Kv .tit tptrng ra) mc,nt ,.1 arty vu,, lu, t, by maned er+er eft dui J..t,.•, ..r ,i,,.- fit- trltn; ,a r,..ri„ • ! "i• : ,uli rn i .., ••ir. •. •, • . If itsnCtr, tan .h ill nor
<br />w�••. +'� r+h;rr t•t rc�tnr•^ tr,,r,.pr V;v.r.mrta hfrro dut• - d ,ill ..thrr ,uurt a,.c<un•d. +,,
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<br />to "41tr ,wow on: NC C,P 1'1aMAF V9uwv s.Aw
<br />0141611N AI
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