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<br />DEED OF TRUST
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<br />:.:'"
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<br />88- 105991
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<br />THIS DEED OF TRUST Is made on..... .lY.t1,l!.if':':1,~~., ..7...."".............,."..""",19 , ~~, , ,
<br />The Trustor Is,,~~.t.~~,~, ~~:>,~~,~~:r:~~,L!:, M'!-.r:Y.~,'!!',~, .~'!-!".~!',"r.s,J:1~.p"""".."".,." a/k/a Borrower,
<br />The Trustee Is,., ,~I!-~~~.~, .~~~, :>.~~~!l, ,J.l~~!. g:. ,C!:,. ~.,??,..?2.r? ,'" !l.r:~~~!1, ~'C?:V"" N~~"f1,~\<~"""",
<br />The Beneficiary Is..." , , M'!-.r:~..~ ~,,!~..~ ~.l!~.l'?~.~",..""...,.". . . .........",...". . . ,.",." a/k/a Lender,
<br />Beneflclarle's address Is",." ~E. ?,C?,:,,~J:1, ,?P.<!" .1,l:r:~k'1p.. !l,q,:"", !,,~.., ?~~f.?"",...,...""""".",..
<br />
<br />Borrower Irrevocably conveys to Trustee, In Trus~ with power of sale, the following:
<br />
<br />The East Half of the Southeast Quarter (E~SE~) and the Southeast Quarter
<br />of the Northeast Quarter (SE~NE~), Section One (1), Township Nine (9) North,
<br />Range Ten (10), West of the 6th P.M" Hall County, Nebraska, excepting certain
<br />tracts of land more particularly dEscribed in Warranty Deeds recorded in
<br />Book 135, Page 233; Book 156, Page 580; and Bock 177, Page 653,
<br />
<br />Together with all the rents and profits therefrom and subject to easements and restrictions of
<br />record, If any,
<br />
<br />Borrower owes Lender S .J~9.,.Q.QQ ~.O.Q. ......... ...... .....,', evidenced by Borrower's note of even date., payable
<br />according to the terms thereof.
<br />This Security Instrument secures 10 Lender the Debt evIdenced by said note, the payment of all other Bums, with Interest,
<br />advanced under the provisions hereafter to protect the security and the performancy of Borrower's covenants and agreements.
<br />Borrowercovenantl!l that Borrower Is lawfully seised of such real estate and haa the legal power and lawfulauthorltyto convey the
<br />same and warrants and will defend IIlIe to the real estate against the lawful claims of all persons.
<br />BORROWER AND LENDER AGREE AS FOLLOWS:
<br />1. Borrower shall pay when due, the principal and Interest as provided In said note.
<br />2. All payments received by Lender shall be first applied to advances which may have been made by Lender and then to
<br />Interest due and last to principal due.
<br />3. Borrower shall pay all general real estate taxes and special assessments against the property before the same become
<br />delinquent
<br />4. If Lender determines that any part of the property Is subject to allen, which Is or may attain priority over this security
<br />Instrument, Lender may give Borrower a notice Identlfyng the lien and Borrower shall satisfy the lien within 10 days.
<br />5. Buyer shall keep the Improvements on said premises insured against loss by fire and hazards Included within the term
<br />"extended coverage" for thelrinsurable value and policies forthesame shall Include a standard mortgage clause showing Lendor
<br />herein. In event of loss, Lender may make proof of loss If not promptly made by Borrower. Insurance proceeds shall be applied to
<br />restoration or repair of the prope~' damaged, unless both parties otherwise agree, except If restoration or repair Is not
<br />economically feasible or Lender's security Is not lessened, otherwise said proceeds shall be paid on the debt herein, whether or
<br />not then due.
<br />Unless Lender and Borrower otherwise agree In writing, any payments or proceeds from insurance shall not extend or
<br />postpone the due date of the monthly paymants provided In said note, or change the amount of the payments.
<br />6. If Borrower fails to perform the covenants and agreements herein contained, Lender may do and pay 'or whatever Is
<br />necessary to protect the value of the property and Lender's rights In the property,lroludlng the paying of any sum secured by a
<br />lien which has priority over this security Instrument, appearing in Court, paying reasonable attorney fees and entering the
<br />property to make repairs. Any amount disbursed by Lender under this paragraph shall become an additional debt of Borrower
<br />secured by this security Instrument, to bear Interest ;rom the date of disbursement Bnd said amount, together with the then
<br />unpaid principal amount, shall bear Interest at the highest lawful rate until refunded by Borrower.
<br />7. The procaeds of any condemnation award are hereby 8BSlgned and shall be paid to Lender and shall be applied co the
<br />sums secured by this security Instrument, whether or not then due, with any excess paid to Borrower.
<br />a. Any Bxtenslonsormodificatlonsof the loan granted by Lenderto Bny successor In interest of Borrower shall no! operate
<br />to release thel1ablllty of the original Borrower or Borrower's successors In interest Any forbearance by Lender in exercising any
<br />right or remedy shall not be 8 waiver of or preclude the exercise of any right or remedy.
<br />9. Any notice to Borrowerprovlded for In this securitylnstrument shall be given by delivering It orbymaillng It by first class
<br />mall unless Nebraska Law reQuires use of another method, a1 the Borrowefs last known address.
<br />10. Thllsecurlty Instrument and the note which It secures shall be governed by Nebraska Law.
<br />11. Lender shall give notice to Borrower following Borrower's breach of any covenant or agreement In this security
<br />agreement and the note which It secures. The notice shall specify (a) the default, (b) the action required to cure the default, (c) 8
<br />date not leas than 30 daya from the date the notice Is given to Borrower by which the dofault must be cured, and (d) that failure to
<br />. cure the deflult on or belore the date aoeclfled In the nolice may result In acceleration of the sum secured by this security
<br />agreement and reuleof the property. The noticsahallturther Inform Borrowtlrot the right to reinstate, after acceleration, and the
<br />right to bring. court action to assert the nonexistence 01 a default or any other delenstlI ot Borrower to acceleration and sale. IT
<br />delaull II not cured, on or before the date Ipeclfled In the notice, Lender, at 1111 option, may require Immediate payment In full 01 all
<br />lumll8Cured by thll Security agr.ement without lunher demand and may Invoke the power of sale and any other remedleG
<br />permitted by Nebralke Law. Lender ahall be entitled to collect all expenses Incurred In pursuing the remedlos provided In this
<br />paragraph, Including but nolllmlled to 8 reaaonable attorney feea and coals 0' tllIe evidence.
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<br />NSB",311
<br />1S.1OO1
<br />O.,.ci 10/"85
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