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<br />DEED OF TRUST
<br />
<br />87- 10,7100
<br />
<br />THIS DEEDOFTRU5Tis made this 10t:h day of December
<br />19~ amongtheTrustoI' Charles E. Luke and Pamala A. Luke,
<br />.hush,and" and. wife (herein "Borrower'1. James L.Hasz~ --'
<br />Attorney-at-Law (herein '''frustee"), and the Beneficiary,
<br />BURLINQTON EMPLOYEES CREDIT' UNION, a corporation organized and eXisting under tbe lawS of,
<br />NEBRASKA whose adchess is 301 No. 52nd 51. LINCOLN, NEBRASKA 68504 (herein "Lender").
<br />
<br />BORROWER, in consideration of the indebtness herein recited and the trust herein created, irrevocably grants
<br />, awacriveys to Trustee. in trust, with power of sale. the following descn"bedproperty located in the County of _
<br />State of Nebraska:
<br />
<br />Lot Twenty-three (23) of Bartelt Subdivision of part of Lots
<br />Seven (7), Fifteen (15), Sixteen (16), Seventeen (17), and
<br />Eighteen (18) of County Subdivision of part of the South Half
<br />(S%) of Section Five (5), Township Nine (9) West of the 6th
<br />P. M. in the Village of Doniphan, Hall County, Nebraska
<br />
<br />
<br />208 Bartelt
<br />(SuectJ
<br />
<br />which has the address of
<br />
<br />Doniohan
<br />
<br />(City)
<br />
<br />68332
<br />
<br />Nebraska
<br />
<br />(herein "Property Address");
<br />
<br />(Zip Code)
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all ea:'~Qlents, 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;
<br />and all of the foregoing, together with said property (or the leasehold estate if this Deed of Trust is on a leasehold)
<br />are hereinafter referred to as the "Property";
<br />TO SECURE to Lender the repayment of the indebtness, evidenced by Borrower's note dated
<br />December '10. 1987 and extensions and renewals thereof(herein "Note'), in the principal
<br />sum of U.S. $ 7 . 467 . R? with interest thereon, providing for monlhly installments of
<br />principal and interest, with the balance of the indebtedness, if not sooner paid, due and payable on 12/0 1/19 ~ 7
<br />the payment of all other sums, wilh interest lhereon, advanced in accordance herewith to protect the security of
<br />lhis 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
<br />and convey the property, and that lhe Property is unencumbered, except for encumbrances of record. Borrower
<br />covenants that Borrower warrants and will defend generally lhe title to the Property against all claims and de.
<br />mands,subject to encumbrances of record.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />l... Paymeat oIPriac:i... aad Iaterest. Borrower shaH promplly pay when due the principal and interest indebt-
<br />edness eVidenced by the Note and late charges as provided in the Note.
<br />2. Funds for TaXes and Insurance. Subjecl to applicable law or a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly, payments of principal and, interest are payable under Ihe Nole, until Ihe Nole is
<br />paid in full, a sum (herein "Funds") equal to one-twelth of the yearly taxes and assessments (including condomin-
<br />ium and planned Ullit development assessments, if any) which may attain priorily over Ihis Deed of TOIst, and
<br />ground rents on the property, if any, plus onc-twelfth of the yearly premium inslallmcnts for hazard insmam:c.
<br />plus one-twelfth of yearly premium il1stallmcnts for mortgage insuf3n(;c, if any, all as reasonahly estimated inilinl'
<br />Iy and from time to time by Lender on the basis of assessments nnd bills and reasonahle eslimalcs IhercoL Borro\\"
<br />er shall no! be obligated 10 make such pnYlnents of Funds 10 Lender 10 Ihc cxlenllhal Borrower makes snch pay.
<br />ments 10 Ihe holder of n prior mortgage or deedof Inlst if sHch holder is an imlilnlional kndn
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<br />ARM -987
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