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r t-. L I "00-,1-"'-1;'"' DEED OF TRUST 87- 107370 THIS DEED OF TRUST is made this 4th day of !\bvaroer 19 87 ' , among the Trustor. Janes l. DeFreece and IJonna J. DeFreece subject to, a Life Estate of Eldon P. 0Jnniriqham (herein "Borrower"), Firslier Bank. National A5sc>>ciation, Omaha, Nebraska, (herein "Trustee"),and Beneficiary, Firslier Bank. National Association. Omaha. Nebraska. a corporation organized and existing under the laws of The United States of America. whose address is 1700 FamamStreet,Omaha, Nebraska, 68102-2183 (herein "Lenderj~ BORROWER, in consideration of the indebtedness herein recited and the trust herein created. irrevocably granlsand conveys 10 Trustee, in trust. with power 01 sale. the following described property focated in the County of Ha 11 . State of Nebraska: South Thirty Five (35) Feet of lot Three (3), All of lot five (5), and North Thirty Two (32) Feet of lot Seven (7), Block Nineteen (19), in Scarff's Addition to Vest lawn in the City of Grand Island, Hall County, Nebraska. GraIrl Island which has the address of 1720 !\b. Kruse Nebraska 68803 CSiI*.....z"p~ TOGETHER with all the improvements now or hereafter erected on the property. and all easements. rights. appurtenances, rents (subject however to the rights and authorities given herein to Lender to collect and apply such rents), royalties. mineral, oil and gas rights and profits. water, water rights. and water stock. and all fixtures now or hereafter attached to the property. all of which. including replacements and additions thereto. shall be deemed to be and remain a part of the property covered by this Deed of Trust and all of the foregOing. together with said property (or the leasehold estate if this Deed of Trust is on a leashold) are herein referred to as the "Property"; ~ (herein "Property Address;; 10." TO SECURE to LENDER (a) the repayment of the indebtedness evidenced by 8Q[rower's oote. dated _ lbveI1iJer 4, 1987 (herein "N.Atti. in the principal sum of Q1e 'lln.1SaIXt Five 1lI..lrlOfeQ ~ty-1Ri gtlt- ",rvi 4 'Vl 00 (Sl - ~ 78 - 'bl:IlIars. with interest thereon. providing for monthly installments of principal and interest. with tha balance of the indebtedness. it not sooner paid. due and payable on _ May 15. 1989 ; the payment of all other sums. with interest thereon. advanced in accordance herewith to pt'otect the security of this Deed 01 Trust; and the performance 01 the covenants and agreements of Borrower herein contained; and all renewals, extensions and modifications thereot; and (b) the repayment of any future advances, with interest in thereon. made to Borrower by lender pursuant to paragraph 21 hereof (herein "Future Advances"). BORROWER covenants that Borrower is law1ully seized of the estate hereby conveyed and has the right to gfant and convey the Property. that the Property is unencumbered. and that Borrower will warrant and delend generally the title to the Property against all claims and demands, subject to any declarations. easements or restrictions listed in a schedule 01 exceptions to coverage in any hlle insurance policy IOsurlng Lender's IOterest 10 the Property, 1 ( -3