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99��11'V���
<br /> grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County of
<br /> xALL , State of Nebraska:
<br /> LOTS 10 AND 11, BLOCK 1, HARRISON SUBDIVISION, CITY OF GRAND ISLAND, HALL
<br /> COUNTY, NEBRASKA.
<br /> which has the address of 1515 NORTH LAFAYETTE AVENUE [Screec),
<br /> GRAND ISLAND [Ciry], Nebraska 68803 [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
<br /> such rents), all of which shall be deemed to be and remain a part of the property covered by this Deed of Trust; and
<br /> all of the foregoing, together with said property (or the leasehold estate if this Deed of Trust is on a leasehold) are
<br /> hereinafter referred to as the "Property";
<br /> TO SECURE to Lender the repayment of the indebtedness evidenced by Borrower's note dated
<br /> AUGUST 12, 1999 and extensions and renewals thereof(herein "Note"), in the principal sum of
<br /> U.S. $ 3 4, 0 0 0.0 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 AUGUST 17, 2 0�4
<br /> the payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this
<br /> Deed 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
<br /> pay to Lender on the day monthly payments of principal and interest are payable under the Note, until the Note is
<br /> paid in full, a sum (herein "Funds") equal to one-twelfth of the yearly taxes and assessments (including
<br /> condominium and planned unit development assessments, if any) which may attain priority over this Deed of Trust,
<br /> and ground rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance, plus
<br /> one-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and
<br /> from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof. Borrower shall
<br /> not be obligated to make such payments of Funds to Lender to the extent that Borrower makes such payments to the
<br /> holder of a prior mortgage or 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
<br /> are insured or guaranteed by a federal or state agency (including Lender if Lender is such an institution). Lender shall
<br /> apply the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender may not charge for so
<br /> holding and applying the Funds, analyzing said account or verifying and compiling said assessments and bills, unless
<br /> Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br /> Lender may agree in writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to
<br /> Borrower, and unless such agreement is made or applicable law requires such interest to be paid, Lender shall not be
<br /> required to pay Borrower any interest or earnings on the Funds. Lender shall give to Borrower, without charge, an
<br /> annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the
<br /> Funds was made. The Funds are pledged as additional security for the sums secured by this Deed of Trust.
<br /> Initi _7 '
<br /> � -761NE1�ssos� Page 2 of 6 ����Form 3828
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