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<br />DEED OF TRUST
<br />F TRUST is ua�0eths' 15th
<br />Thow red�rry rey, a s
<br />'V
<br />rlu
<br />87-0 100432
<br />January
<br />dada {mtdrxt6eLwr.of I�AULA whoseaddMimis Xn VWUSrs
<br />tesidaMiae of the indshtedaeu haeo rraeited and the trust ham crowed, lkmvocabhy Brats and conveys to Tramm
<br />the faVowatd dna*ad props y located is the County of
<br />Lot Seven (7), in block Two (2), Heyde's Addition to the City of
<br />Grand Island, Hall County, Nebraska.
<br />which has the address of
<br />(STREET)
<br />_(y !„ t 68801 (heroin "Property Address ");
<br />(STATE & ZIP CODE)
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements. rights, appurtenances, rents
<br />(subject however to the rights and authorities given herein to Lender to collect and apply such rents), royalties, mineral, oil and gas tights and
<br />profits, water, water rights, and water stock, and all fixtures now or hereafter attached to the property, all of which, including replacements and
<br />additions thereto, shall be deemed to be and remain apart of the property covered by this Deed of Trust; and all of the foregoing, together with
<br />said property (or the leasehold estate if this Deed of Trust is on a kasehold) are herein referred to as the "Property";
<br />TO SECURE to Lender (a) the repayment of the indebtedness evidenced by Borrower's note dated -- January 15, 1987
<br />(herein "Note"), in the principal sum of Two Thousand, Six Hundred Twenty Six and no 100---- ----- _Dollars,
<br />with interest tens, for cy ts of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />and pay" enLar y L1 ," ; the payment of all other stuns,
<br />with interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and
<br />agreements of Borrower herein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Lender
<br />pursuant to paragraph 21 hereof (herein "Future Advances").
<br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property,
<br />that the Property is unencumbered, and that Borrower will warrant and defend generally the title to the Property against all claims and
<br />demands. subject to any gyrations, casements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />insuring Lender's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Pay asat sf ltiarfpd and InsimmL Borrower shall promptly pay when dote the principal of and :merest on the indebtedness evidenced
<br />by the Noce, prepsy®eas and late charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />Of Trust.
<br />2. Famb for Trsas and ifaaraee. Subject to applicable law or to a wntten waiver by Lender. Borrower shall pay to Lender on the day
<br />month)y lasukUmmus of pria*W and interest are payable under the Note, until the None is paid in full, a stem (herein "Funds') equal to Oren
<br />twelfth of the yearly taxes and assessments which may attain priority over this Deed of Trust, and ground rants on the Property, if any, plus oeie-
<br />twelfth of yearly premium ingtoniments for h--rd insurance, plus one- twelfth of yearly premium installments for mortgage insurance. if any, all
<br />as reasooaMy eganaled initially and from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />T1w Ftmb dM be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />ding
<br />Lender if Leader is such an institution). Leader shall apply the Funds to pay said taxes, assessments. insurance premiums and ground rents.
<br />Lender stay not chap for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and bills.
<br />unkes Lender pays Borrower interest on the Fonds and applicable taw permits Lender to make such a ctarge. Borrower and Lender may agree in
<br />wrathy at the time of execution of this Deed of Trust thar intere t tat the Funds shall he paid to B,)rtuwet, and unless such agreement is made or
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