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GMW OLAN& Its t11MR! Ouedn "Loadle'
<br />BORROWER, in Consideration of the iadoMdttesr herein redsed and On am lumil Hall NIC " I lim"r /t+w tai owwri 0 Trofte,
<br />in trust, with power of sae, the fedowiat deserOW p "sty Ioomal i the County of
<br />State of Nebraska:
<br />LOT ONE (1) IN BLOCK TWO (2), OF CAPITAL HEIGHTS SECOND SUBDIVISION, BEING A PART OF
<br />THE SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER (SEISWz) OF SECTION TWO (2), TOWNSHIP
<br />ELEVEN (11) NORTH, RANGE TEN (10) WEST OF THE 6TH P.m., HALL COUNTY, NEBRASKA
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<br />which has the address of 4263 New York Avenue Grand Island
<br />(STREET) (CITY)
<br />NPhravkA RRAnt, (hertin "Property Address ");
<br />(STATE dt 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, ail and gas tights and
<br />profits, water, water rights, and water stock, and all fixtures now or hereafter attached to the property, aY of which, including replacements and
<br />additions thereto, shall be deemed to be and remain a part of the property covered by this Deed of Treat; and all of the foregoing, together with
<br />said property (or the leasehold estate if this Deed of Trust is on a leasehold) are herein referred to is the "Property ";
<br />TO SECURE to Lender (a) the repayment of the indebtedness evidenced by Borrower's note dated January 23, 1987
<br />(herein "Note"), in the principal sum of Six Thousand One Hundred Sixty Seven and An /inn----- ---- -- Dollars,
<br />with interest thereon, providing for monthly installments of principal and interest, with the balance of the imdebtedaesa, it not sooner paid, due
<br />and payable on January 2.9, 1992 ; the payment of all other sums,
<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 declarations, easements or restrictions listed in a schedule of exceptioms 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. Payment td PrHdpal and Interest. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, prepayment 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. Ferris for Taw ani Inearsam. Subject to applicable law or to a written waiver by Len der. Borrower shall pay to Lender on the day
<br />monthly installmemb of principal and interest are payable under the Note, until the Note is paid in full, a sus (herein "Fads ") equal to one -
<br />twelfth of the yearly taxes and assessments which may attain priority over this Deed of TtvK, and ground reads on the Property, if any, plus one-
<br />twelfth of yearly premium installments for hazard insurance, plus one twelfth of yearly premium imuallmetts for sor4w insurance, if any, all
<br />as reasonably estimated initially and from time to time by Lender on the basis of an mme is and bills and reasonable es thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Fed" or state agency (including
<br />Lender if Lode is such an institution). Lender shall apply the Funds to pay said taxes, aseessmaats, insurance premiums and ground rents.
<br />Lender may not charge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and tills,
<br />unless Lender pays Borrower interest on the Funds and applicable law permits Lender to matte such a charge. Borrower and Leader may agree in
<br />writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to Borrower, and wniew such agreement is made or
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