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� � � - N � 0 � � � � N � e � � � � - - - r ` C' Q r � Z � � � o � � t� c> a' e �� � Q k �J��1 O � � � 1 �� 6 e m Z � 3 � � . � � � R� � N �� D � r,. r i, c .� :: o t L V' ,. �� L'7 �.�-.:�e ,';; � � _� r� � .� _ �i,', �� ;� f Y I'� � ' �J ( V7 � � n � ^�f� � � L � i � A ' �. ; ; �; 1 DEED OF TRUST THIS DEED OF TRUST is made on Octobez 1 , 20j�. r �� c -: F -+ ti .; j —I r� _� � � ._. �V �L G7 C/� � � c � � m -< a O � -n -�- � rn �. .r.� r � r n U� � D `i �� � Cn N O � � C7 � N � � � � � � � °� � � � � � TheTrustoris Jeffrev D. and Barbara A. PeYowski, husband amd wife, as joint tenants �� a/k/a BoROwer. The Trustee is James L. Haszard; The Beneficiary is Nebraska State Employees Credit Union, a corporation a/k/a Lender. Beneficiary's address is 330 S.16�' Street, Lincoln, Nebraska. Borrower irrevocably conveys , �< to Trustee, in Trust, with power of sale, the following: Lot 3, Block 3, Olde Mill Subdivision in the City of Grand Island, Hall County, Nebraska. together with all the rents and profits therefrom and subject to easements and restrictions of record, if any. Borrower owes Lender $ 30, 000. 00 , evidenced by Borrower's Home Equity Credit Line note and agreement of even date, payable according to the terms thereof. This Security Instrument secures to Lender the Debt evidenced by said note and agreement, the payment of all other sums, with interest, advanced under the provisions hereafter to protect the security and the performancy of Borrower's covenants and agreements. Borrower covenants that BoROwer is lawFully seized of such real estate and has the legal power and lawful authority to convey the same and waRants and will defend title to the real estate against the lawful claims of all persons. BORROWER AND LENDER AGREE AS FOLLOWS: 1. Borrower shall pay when due, the principal and interest as provided in said note. 2. All payments received by Lender shall be first applied to advances which may have been made by Lender and then to interest due and last to principal due. 3. Borrower shall pay all general real estate taxes and special assessments against the property before the same become delinquent. 4. If Lender determines that any part of the property is subject to a lien, which is or may attain priority over this security instrument, Lender may give Borrower a notice identifying the lien and Borrower shall satisf�r the lien within 10 days. 5. Borrower shall keep the improvements on said premises insured against loss by fire and hazards included within the term "extended coverage° for their insurable value and policies forthe same shall include a standard mortgage clause showing Lender herein. In event of loss, Lender may make proof of loss if not promptly made by Borrower, insurance. proceeds shall be applied to restoration or repair of the property damaged, unless both parties othervvise agree, except if restoration or repair is not economically feasible or Lender's security is not lessened, othervvise said proceeds shall be paid on the debt herein, whether or not then clue: Unless Lender and Borrower otherwise agree in writing, any payments or proceeds ftom insurance shall not extend or postpone the due date of the monthly payments provided in said note, or change the amount of the payments. 6. If Borrower fails to perform the covenants and agreements herein contained, Lender may do and pay for whatever is necessary to protect the value of the property and LendePs rights in the property, including the paying of any sum secured by a lien which has priority over this security instrument; appearing in Gourt, paying reasonable attomey fees and entering the property to make repairs. Any amount disbursed by Lender under this paragraph shall become an additional debt of Borrower secured by this security instrument, to bear interest from the date of disbursement and said amount, together wi#h the then unpaid principal amount, shall bear interest at the highest lawful rate until refunded by BoROwer. 7. The proceeds of any condemnation award are hereby assigned and shall be paid to Lender and shall be applied to the sums secured by this security instrument, whether or not then due, with any excess paid to Botrower. 8. Any extensions or modfications of the loan granted by Lender to any sucxessor in interest of Borrower shall. not operate to release the liability of the original Borrower or 9orrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy.