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MAY 26 '98 16:45 FR TO 13083817234 P.19i41 200010147 grants and conveys to Trustee, in trust, with power of sale, the following described Property located in Hal 1 County, State of Nebraska: (SEE EXHIBIT 'A' ATTACHED) wing the same property commonly known as: 302 West Pine Street, Doniphan, NE 68832.00 y Adare3s ") / L'' PC:CZ` " .rC 4^ ill° l3 *0� ^f:V. �1:'.l ' ?.li rte.•'.` - %_Its. t:_llts, 2tpy trtenances TUGFT:L;) : �vitir -ell the i ::l�:o� ru:cc. :1c ,v :ie. an covered b this Security lasu-u=nt. All of the and rents, all of which shall be deemed to be and remain a part of the property Instrument is on a leasehold) are called the foregoing, together with such property (or the leasehold estate if this Security "prop,_" Borrower covenants that Borrower is lawfully seised of the estate hereby Conveyed and rances of record Borrower grant and convey the Property, and that the Property is unencumbered, except for warrants and covenants that Borrower will defW generally the title to the Property against all claims and demands, subject to encumbrances of record. Borrower further warrants, represents and covenants as follows: 1- payment of prindpal and Interest. Borrower shall promptly pay when due the principal and interest indebtedness and all other charges evidenced by the Note. Lender, and subject to applicable law, Borrower shall pay to Lender 2. F%mds for Taxes and Insurance. If required by j taxes toad on the day monthly payments are due under the Note, until the Note is paid in full, a sum ("Funds ") for: (a) yearly assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or earl flood insurance premiums, ground Heats on the Property. if any: (c) yearly hazard or property insurance Premiums: (d) yearly i�°t if any; and (e) yearly mortgage insurance prenmrms, if any. These items are called "Escrow items." Lender may. at any time, collect and hold Furls in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Borrower's escrow account under the federal Real Estate Settlement Procedures Act of 1974, as amended from time to time, 12 U.S.C. Section 2601 et seq. ( "RESPA "), unless another law that applies to the Funds sets a lesser amount. If not to exceed the lesser amount. Lender rnay estimae the so, Lender may, at amount of Funds dueo niche basis of rnntldata and rreasonab el estimates of expenditures of future Escrow Items Of otherwise in accordance with applicable law. The Funds shall be held in an institution whose deposits are insured by a federal agency, instctrrrteatality, or rarity (including Lender, if Leader is such an institution) or in any Federal Home Loan a Leader WWI only �s�w the Escrow Items, Leader may not charge Borrower for holding and applying the Funds, account, or verifying the Escrow Items. unless Lender pays Borrower interest on the Fiords and applicable law permits Lender to make such a charge. However, Lender may require Borrower to pay a one -time charge for an independent real estate tax reporting service used by sender in connection with this loan, unless applicable law provides otherwise. Unless an agreement is made or applicable law requires interest to be paid, Leader shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender may agree in writing, however, that interest shall be paid on the Funds. leader shall give to Borrower, without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all sums secured by this Security Instrument. If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Leader shall account to Borrower for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by (,ender at any time is not sufficient to pay the Escrow Items when due, Lender may so notify Borrower in writing' and' in such case Borrower shall pay to Lender th amount ec w;Y le the deficiency. Borrower shill rnaice tap the deficiency in no more than twelve monthly payments. NEWmSKA OeM OF TRUST t970,i Pigs Z of 7 0087242657 Moo3 -2ata AU ��; Q.-