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<br />'20040214 �:.
<br />grants and conveys to Trustee, in trust, with power of sale, the: foll wig iescr best property located in the County of
<br />Hall ! , State of Nebraska:
<br />ALL THAT CERTAIN LOT OR PARCEL OF LAND SITU�TED IN THI'C2'TY OF GRAND ISLAND,
<br />COUNTY OF HALL AND STATE OF NEBRASKA AND MORE PARTICULARLY DESCRIBED AS
<br />i
<br />FOLLOWS: f
<br />BEING KNOWN AND DESIGNATED AS LOT 33, iN,FONNER VIEW SUBDIVISION, HALL COUNTY
<br />RECORDS.
<br />which has the address of 1119 E Nebraska Ave [Street] ,
<br />Grand Island [City] , Nebraska 68801 [ZIP Code] (herein "Property Address ")
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights,
<br />appurtenances and rents (subject however to the rights and authorities given herein to Lender to collect and apply such
<br />rents), all of which shall be deemed to be and remain a part of the property covered by this Deed of Trust; and all of the
<br />foregoing, together with said property (or the leasehold estate if this Deed of Trust is on a leasehold) are hereinafter
<br />referred to as the "Property";
<br />TO SECURE to Lender the repayment of the indebtedness evidenced by Borrower's note dated February 5,
<br />2004 and extensions and renewals thereof (herein "Note "), in the principal sum of
<br />U.S. $ 11, 100. 0 0 with interest thereon, providing for monthly installments of principal and interest,
<br />with the balance of the indebtedness, if not sooner paid, due and payable on February 5, 2008
<br />the payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this Deed
<br />of Trust; and the performance of the covenants and agreements of Borrower herein contained.
<br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and
<br />convey the Property, and that the Property is unencumbered, except for encumbrances of record. Borrower covenants
<br />that Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to
<br />encumbrances of record.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal and interest
<br />indebtedness evidenced by the Note and late charges as provided in the Note.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly payments of principal and interest are payable under the Note, until the Note is paid in
<br />full, a sum (herein "Funds ") equal to one - twelfth of the yearly taxes and assessments (including condominium and
<br />planned unit development assessments, if any) which may attain priority over this Deed of Trust, and ground rents on
<br />the Property, if any, plus one - twelfth of yearly premium installments for hazard insurance, plus one - twelfth of yearly
<br />premium installments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br />Lender on the basis of assessments and bills and reasonable estimates thereof. Borrower shall not be obligated to make
<br />such payments of Funds to Lender to the extent that Borrower makes such payments to the holder of a prior mortgage or
<br />deed of trust if such holder is an institutional lender.
<br />If Borrower pays Funds to Lender, the Funds shall be held in an institution the deposits or accounts of which are
<br />insured or guaranteed by a federal or state agency (including Lender if Lender is such an institution). Lender shall apply
<br />the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender may not charge for so holding
<br />and applying the Funds, analyzing said account or verifying and compiling said assessments and bills, unless Lender
<br />pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender
<br />may agree in writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to Borrower,
<br />and unless such agreement is made or applicable law requires such interest to be paid, Lender shall not be required to
<br />pay Borrower any interest or earnings on the Funds. Lender shall give to Borrower, without charge, an annual
<br />DOC #:22802 APPL #:0005092764 LOAN #:0005092764
<br />Initials: a.6
<br />m
<br />- 76(NE) (0204) Page 2 of 7 Form 3828
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