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<br /> ___ agreements. For this purpose, Sorrowers irreva;ably grant and c;onvey to Tcnstas, in trust,
<br /> . __ _ - = vuith �aw�r of sale, the follawing described pr�perty : - ,-,
<br /> � Lot Three (3), Lush Subdivisio�n in the City of Grand Island, klall Gounty,
<br /> �_� Nebraska
<br /> __= Tiie mailing address of the b�orrower is 322b W�stside, Grand Islattd, IJebraska. 68603.
<br /> ---"�''°�' TOGE'I'HER WITH all the impr�vements now Qr hereafter erected on th�property, -
<br /> �_;;:.r�,�,:�:� an.d ull eas;.ntctti�, rights,app�.�ten�nw�, rent�, an� ��h�rc,g h�reaft�r a gazt of the pcaperty. �-
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<br /> -°"° .� All replacements an3 addittons sriall ais��cavcrea dy tiiis �ecuricy insuuma,�i. n�. u� u►� �_
<br /> �n`'�"` �•� foregaing is referred to in this Securiry Instrument as the "Property". r�__
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<br /> �"''�''�- � BORIt01N�:Rs COVBNAI�iT that Barrowers are lawfuldy seised of the estate hereby `=�
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<br />:�•'� ���i' conveycd and have the right w grant and conv�y the k'roperty and ti�at the Properag►is ��:��-
<br />.-�•_V�.r���" �_
<br /> -' ���'� ��- � unencumbered, except for encumbrances of record. Bonowers warrant and wil! d�e4end 4
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<br /> generally the tide to the Property against all claims and demands, subject to any
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<br />,"`'��'��,�,�y;��� encumbrances of record. �,-
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<br /> COVENANTS. Aorrowers and Lender covenant and agree as follows:
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<br /> -<�.•�•.•��•:%� 1. Paym�nt af Principal and Interest; Prepayment and I.ate Charges. Bonowers shall
<br />��' "��u'� " � rom d a when due the rinci al of ths debt evidenced b the Note and an re a ment �
<br /> -s-`=r� � P P YP Y P P Y YA P Y.
<br /> ���rtr� ���:j�� and lat�chazges due under the Note. =
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<br /> ::'�Y . �. 2. Funds for T�xes and Insarance. All real estate ta�ces and insurance shall be paid :i.
<br /> _ - by Bonowers when due. �-`.�
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<br /> ���-v� 3. Charges; Lieivs. Bonowers shall pay all t�ces, assessments, charges, fines, and � �.
<br /> �;��:°���;:,�,, ' impositions ami6utable to the Propert}► which may attain priority over d�is Security *a_.
<br /> : -� Instrument, and leasehold payments or ground cents, if any. Bonnwers shal!pay these � ��:
<br /> � � ,� obligations in the manner provided in parbgraph 2, or if not paid in that manner, Bonowers
<br />�;.,: :.. sh�ll pay them on time directly to the person owed payment. Borrowers shall promptly .
<br /> � �._�.� furnish to L�ender aU notices of amounts to be paid uader this paragraph. If Bonowers make
<br />� ` ,y`����` ''` these payments d'uecdy, Borrowers shall promptly fucnish to I.ender receipts evidencing the
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<br /> �µ.F�" � :; payraents.
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<br /> '""". ' Borrowers shall promptly discharge any lien whiCh has priority over this Securiry
<br />-��, � �� �- Instniment dexcluding any first deed of tr�st)unless Bonower5: (a) agree in writing W the
<br /> � � �, �ayment of the obligation secured by the lien in a manner acceptable to Lender; (b) cuntest
<br />- .- � �;i in good faith the lien by. or defend against enforcement of the lien in, legal proceedings
<br />:,' ,,�, . '� which in the Lender's opinion operate to prevent the enforcement of the lien or forfeiture of
<br /> �1 any part of the Property; or (c) secure from the holder of the lien an agreement satisfactory (
<br /> ._ '�`� to I�ender subordinatin� the lien to this Secur9ty I�istrument. If Lender determines that any i
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