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<br />200700256
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<br />grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County of
<br />
<br />HALL , State of Nebraska:
<br />A tract of land comprising a part of the Northwest Quarter (NW
<br />1/4) of Section Twenty-Four (24), Township Nine (9) North, Range
<br />Ten (10) West of the 6th P.M., Hall County, Nebraska, more
<br />particularly described as follows: Beginning at a point on the
<br />North line of said NW 1/4 said point being 342.00 feet West of
<br />the Northeast corner of said NW 1/4; thence running Southerly
<br />paraliel to the East line of said NW 1/4 a distance of 245.00
<br />feet; thence running westerly parallel to the North Line of said
<br />NW 1/4 a distance of 230.00 feet; thence running Northerly,
<br />parallel to the East line of said NW 1/4 a distance of 245.00
<br />feet to a point on the-North line of said NW 1/4; thence running
<br />Easterly along the North line of said NW 1/4 a distance of 230.00
<br />feet to the point of beginning, subject to road right-of-way on
<br />the North
<br />
<br />Parcel ID Number: 400232537
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<br />which has the address of 2555 W LEPIN RD
<br />
<br />DONIPHAN
<br />
<br />(herein "Property Address");
<br />
<br />[City], Nebraska 68832
<br />
<br />[Street]
<br />[ZIP Code]
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<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 />January 4, 2007 and extensions and renewals thereof (herein "Note"), in the principal sum of
<br />U. S. $ 83, 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 January 9, 2022
<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 10 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 />prod 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 mstallments 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 a'pplicable law permits Lender to make such a charge. Borrower and
<br />Lender may agree in writing at the time of executlOn of this Deed of Trust that interest on the Funds shall be paid to
<br />Borrower, and uriless 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 shaH give to Borrower, "";J_ge, an
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<br />00008250185142 Initials: f)J:i
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<br />G-76(NEI (0407) Page 2 of 7 Form 3828
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