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Salle of Nebraaks (apace Abort nw une for Itecord" CM) DEED OF TRUST 90- 107130 THIS DEED OF TRUST ("Security, Instrument'l Is msds on Defsembsr 10 1990 The Smaller t4 ( "Borr0%W J. The trustee Is Cpig2gyfnCtal IFa rat Bank a Egal all sovhms Bat* ('Trustee �. The beneficiary is Nou ^ West T!Ard Streal Goad ref�c Island. HE 88601 which Is organized and existing under the laws of Nebras M and whoa address Is We St Third $traet Grand Islam NE 88801 ( "Lender'). Borrower owes Lander the principal sum of Ter I ft Thrace Thoutsattd Nine Hundred Fifty, and 00 1100 Dollars (u.S. If 33,950,00). This debt is evidenced by Borrower's note dated the same date as this Security Instrument ( "Note'), which provides for monthly payments, with the full debt, If not paid earlier. due and payable on .Januery 1. 2021 This Security Instrument secures to Lander: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals. extensions and modifications: (b) the payment of all other sums, with Interest, advanced under paragraph 6 to protect the security of this Security Instrument: and (o) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose. Bonowe does hereby morigege. grant and convey to Trustee with power of Sale, the following described property located in Hall County: 25. This Mortgage is intended to be a purchase money Mortgage. which has the address of 1512 South Llneoln Street t) Grand Islend [SVee [c+hl• N 6'BB01 ( "Property Address "): (State) (Lp CoOe) TOGETHER WTH all the improvements now or hereafter erected on the property, and an easements, rights. appurtenances. rents. royalties, mineral. ail and gas rights and profits. water rights and stock and all fuulures now or hereafter a part o1 the property. All replacements and additions shall also be covered by this Security Instrument. Ali of the foregoing Is referredi to In this Security Instrument as the "Property ". BORROWER COVENANTS that Borrower Is lawfully seized of the estate hereby conveyed and has the right to mortgage, grant and convey the Properly and that the Property Is unencumbered, except for encumbrances of reco -a. Borrower warrants and will defend generally the title to the Property against all clakns and demands, subject to any encumorances of record. 1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest on• the debt evidenced by the Note and late charges due under the Note. 2. Monthly Payments of Taxes, Insurance and Other Charges. Borrower shall Include in each monthly payment, together with the principal and Interest as set forth In the Note and any late charges. an Installment of any (a) taxes and special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums for Insurance required by Paragraph 4. Each monthly Installment for items (a). (b) and (c) shall equal one-twelfth of the annual amounts, as reasonably ex,limaled by Lender. plus an amount sufficient to maintain an additional balance of not more than one-sixth of the estimated amounts. ine iue annuai amount for each Item shall be accumulated by Lender within a period ending one month before an Item would become delinquent. Lender shall hold the amounts collected in trust to pay Items (a). (b) and (c) before they become delinquent. If at any time the total of the payments held by Lender for items (a) . (b) and (c). together with the future monthly payments for such items payable to Lender prior to the due dates of such tams exceeds oy more then one -sixth the estimated amount of payments required to pay such hems when due. and ri payments cn the No'e are current, then Lender shall either refund the excess over one -sixth of the estimated payments or credit the excess over ene•su r of the estimated payments to subsequent payments by Borrower, at the option of Borrower. If the total of the payments made by Borrower for Tern (a). (b). or (c) is insufficient to pay the Item when due, then Borrower shall pay to Lender any amount necessary to make uo the deficiency on or before the date the item becomes due. i ,