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<br /> �'n-�"�� �'''•s�i TiliB T(tUST OEEO i�mado tMi�_d�y of A�ril .19�,by and b�tw��n tM TPUStor. 103359 �' —
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<br /> ° ne..,,{„ A_ Knrgwl .a.,d Murilyn A. Korgel. husl�and and wife,
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<br /> • whoss rn�ilinpeddress ia 405�8uckin$ham nr.. Grand Isl,and. Nebraska 68803 _
<br /> ard RroTier Bank National Association, Qmaha„ Nebraska (herein•Ymscee•1,�nd tho = __�_.
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<br /> BOAROWER,tn oonsid�rmfon of tM IndabteGnnsa heretn rocited and the trust h�tetn eroetad, rrc�vgaebIy pronta anfl aasfveya W Ttu�tss,tn t�uat.
<br /> Y`JIYH THE POWER OF SAIE.the tatlo�vir�g doQaribed OmRenY IooeUd in the County of �Sll .Ststm of Nebrarke: ��-='
<br /> ' Lot 53, CasGle Eetates Subdivision, City of Grand Island, Hall Connty, � -
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<br /> TOGETHER with NI buiidings, fixturee e�d imp►ovements now or hereaiter ereoted thereon end ell tlghta-of-way,oaaemente,renm,issuos,profits. ' `��.''�_
<br /> moome,tenemente,hereditamonts,pdvilegea,eppurtenenees,royeltiea,end mineral,oil,yea end weter righte therounto belonging,used or enjoyed ,,��-�
<br /> wlth eeid lend o►eny pert theraot, and tM homeateed or marital tnteroate,if eny,whiah interests ero hereby releesed and waived,end ell of whicb. ' .��%_�
<br /> , � indudinp�ept�cemente and eddrtiona theroto ehell be daemed to be and ramoin e psrt of the property covered by thfs Trust Oeed;end dI of the .,-:�
<br /> forepanp toqether with seid property ere herem referred to ae the"Pro�erty." � .
<br /> � '� TO SECURE to Lender the repeyment of indnbtednnae evidenced by Burrower's note deted�nri 1 16 ,18 Q/�,topether
<br /> � w�th eny end eIt renewele,maLlicetione,end axtenuiona theroof end subetitutione ot erehanpes the�efot,(herein referred to es the'Noto'1 in the
<br /> principel sum ot b 14,822.88 ,together with intereet et the rate provided therefn,wlth e finat maturity,if `
<br /> � not soonor peld,of AUril 16 ,19 97 ,and es aecurity fot any future advanees thet mey bo made by Lender to Borrower � -
<br /> itom Ume to time end ea aeeurity for the Oayment of eny end a�t otMr indebtadneae of the Borrower to the Lender whlch may arise,alI ot ea{d eume ,
<br /> • not to euceed in the aqpregete a aum equel to three timea the oripinel p�incipel emount ot the ebove recited Note. �
<br /> BORROWER covenents that Borrower is Iewtully seiied of the Property hereby conveyed end has the right to grant ertd convey the Property,thet the !
<br /> Property is unoncumbered by eny mortgape.truat daed,contrect to purchese,o►otherwise,except for a f irs t Deed o£ TTUSt
<br /> infavorof Equitable Building and Loan Association
<br /> on which tM unpaid balence on this dote doas not oxceed� 4 7�400_On . Borrower covenanta to compfy with eIl the terms
<br /> end provisione of any prior mortpaee,truat doed or contract to purchase,upon the Property end to maka all payments thereon before they bacome
<br /> Getinquent. If no name ot amount �s Inserted�n this paragraph,then Borrower covenants that there ara no pnor Iiens of any kind upon the Proparty.
<br /> Borrower further covenents tu warrant end dafend the titte to the Proparty apainat all cleims and damands.
<br /> � Bonov�er and Lender further covanant end egree as tollows: ,
<br /> 1. Botrower ohdl prompUy pay when due tho pnncipat and interest on tho indebtedness ev�denced by the Nota.
<br /> 2. At Ieeat ten duye botore thoy bocome dolinquent.8or�ower shell pey eIt texea and speaat assessmants levied or assecsed egainat the P�opotty,
<br /> or eny pert thereof,ered otI texes,tehee and ossessments levied upon this Trust Deed or the deht which it secures.
<br /> 3. Bormwer sholl keep Me improvomonts and bwldinga,it eny,upon tho Property msured,with a company or companies epproved by tho Lendor,for
<br /> an emount not Iese then the unpesd balance on the�ndobtednesa secured Dy this Trust Deed w�th a standerd mortgage clause with lase payable to
<br /> -- � � ih9 lOt1OEL BOftowQf 6flfi11 tlelrv8►88:f1 pohcy or pottdes t0 the LOItOet.
<br /> In the event of a loss.F3oaower aha:l pive prompt not�co to the�nsurance carrier end the londor and fite a proof of toas. tt tho Botrower is�ot othorviiso
<br /> in detnWt,the Bonowet moy tleet to t�ply the insurance procaeda to repoi�or�eplace the damaged Ptoperty,if economiedly feesible,end tho seourity
<br /> of this Trust Oeed wou►d not oe�rrtpa�red. 11 the Borrower�a�n dofeult or elects not to repair or replace the damepeA Propurty or repmr o�replacomont
<br /> ' would rtot eeonotruedly teos�ble or tho seeurity of this Trust Ooed woutd ba impeirod then the�nsurence Oroceeds shall De tpplied to the Iast mohtri�
<br /> paymente due on the Note. If fho�nsurance proceeds are m excess o}the totel omount due on ee:d Note, tha eacoss shal!bo pa:d to the Borro�ver.
<br /> tnsurance proceeds tor repa�r or rep�acement shall be plecod�n escrow with tho Lender aM disbursed by londer dunng or upon completion of sucPf
<br /> royeir or rep�ecement. If the londer ncqwres tide to the Property by exerc�s�rtp ita powor of sale. foreclosure or othervriso,in setistac6on qt the
<br /> iindebtednoas securod horeby,�n whole or�n pon,thon NI npht,htlo ond��teteat of thp Borrower in and to such insutenco policy or pdit6ea sAdl poss
<br /> to the lender.
<br /> � 4. fot the purpose of prowd�np a fund for the peyment of texes,apencl ussessmonts cnd�nsurance prem�ums.Borrower shtdl doposit with Ltnder,
<br /> on the dotes tMt peymonts aro duo on:he Note,on emount equd to the toxos,ossessmonts aM insurenco prertuums next due tcail es esUmotod by
<br /> _ tHo lender,lesa emounte efreadr depos�ted thorotorl d�ndod by tAe n�mber ot payme�ts on the Noto that w�ll become duo prior to tho dato when such
<br /> texea,aeeeaamenta nnd i�surence prem�ums w�fl become due end payable. SusQ furtda wdI bo held by the Lertdor�n a non-�ntorest bvanna osc.oar
<br /> � eeeount tor the pu�poaea set forth uDove. If tho omounts of these doDOSUS ere not sutf�aent to pay taaes.assassmants and inwrenco promwms os
<br /> jthey beeome due,the Bonowor shall upon reQuost.poy londor the amount neceseary to meke up tho def�aency. :
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