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0030475842
<br />200302 47'2
<br />grants and conveys to Trustee, in trust, with power of sale, the following described property located in are County of
<br />Hall , State of Nebraska:
<br />Balloon Rider attached hereto and made a part hereof
<br />Prepayment Rider attached hereto and made a part hereof
<br />LOT "Brr. FIRST ADDITION TO HOLCOHB'S HIGHWAY HONES, CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />Assessors Parcel Number: 400045745
<br />which has the address of 228 HOLCOHB STREET [saeeq,
<br />GRAND ISLAND [City], Nebraska 68801 [ZIP a,&l (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 die repayment of the indebtedness evidenced by Borrower's note dated 2/24/2003
<br />and extensions and renewals thereof (herein "Note "), in the principal sum of
<br />U.S. $ 23, 000.00 , 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 March 1st, 2018
<br />are 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 die estate hereby conveyed and has the right to grant and
<br />convey the Property, and that are Property is unencumbered, except for encumbrances of record. Borrower covenants
<br />that Borrower warrants and will defend generally the tide 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 plaimed unit development assessments, if any) which may attain priority over this Deed of Trost,
<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 tune by Lender on the basis of assessments and bills and reasonable estinaes thereof. Borrower ilall
<br />not be obligated to make such payments of Funds to Lender to the extent that Borrower makes such payments to die
<br />holder of a prior mortgage or deed of trust if such holder is an institutional lender.
<br />If Borrower pays Funds to Lender, are 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 are 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 are Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Lender nay agree in writing at are time of execution of this Deed of Trust that interest on the Fords 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 die
<br />Funds was made. The Funds are pledged as additional security for the sums secured by this Deed p{,�'ruv(.,
<br />hn.m µW�/J�l �/—�1
<br />-76(NE) l000il Pte. x or s Form 3626
<br />Document # L075NE02
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