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DEED OF TRUST 87-- 100538
<br />FMDEEDOFTRUgri.madethia t2 door January
<br />19 s7� ��T�� Jerry P. Jensen and Ear M. Jens in,
<br />--- --- - - - - --
<br />(haein " "� AlMilO lf. MACK. A -tAw.
<br />(herein "Tt~% and the Bodleian, MOMS DIAL MNNOi i WA Olt OwMS r_ t_YI% W
<br />a corporation ogadsd nerd ta3ltittg wrier the btws of M�ArfA tetbe�e arbitiss i. !f `iOrfN LOOM p: O. @a 1W
<br />MM MLA/IO. IR Mist (hssok-Lsndoe)
<br />BORRO*lM k cOmddwmi= of the Lbbtadasss bweia mdmd nerd the marl hwaits waalad. Bt eveseft- and exnwys ee Truese t,
<br />- MM. wleb power of ssk, the fodowieg dmalbsd psopwty iocoW i• the Coma of Hall
<br />State of Nebraska:
<br />A tract of land comprising a part of the Northwest quarter of the Southwest
<br />Quarter (MU, =.SW4) of Section Twenty one (21), in Township Eleven (11) North, Range
<br />Nine (9) (Vest of the 5th P.M., more particularly described as follows: Beginning
<br />at a point or? the East line of said NW4SW4, said point being seven hundred fifty
<br />seven and four tenths (757.4) feet south of the Northeast Corner of said NW4SW4
<br />as now .located; thence deflecting right 901 oo' and running West a distance of
<br />Two Hundred Thirty (230) feet; thence running South and parallel to the East line
<br />of said NW4SW4, a distance of Two Hundred Fifty nine and Fifty -five Hundredths
<br />(259.55) feet; thence deflecting left 900co' and running east Two Hundred thirty
<br />(230,0) feet to a point on the East Line of said NW4SW4; thence running North
<br />along said East line, a distance of Two Hundred Fifty -nine and Fifty -five Hundredth
<br />(259.55) feet to the point of beginning, subject to Road right of way along an
<br />upon the East edge of said Tract, Hall County, Nebraska, except therefrom a tract
<br />of ground more particularly described inwarranty Deed recorded in Book 157, Page
<br />452, recorded in the Office of the Register of Deeds of Hall County, Nebraska,
<br />which hrs the address of_ 1424 South Harrison Grand Island
<br />Nebraska 68tiO T) (Crm
<br />(STATE & ZIP CODE) (her0iII "Property Address");
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easemsate, 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 rights and
<br />profits, water, water rights, and water stock, and all fixtures now or hereafter attached to the property, all of which, iaduding replacements and
<br />additions thereto, shall be deemed to be and remain a pan 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 leasehold) are herein referred to as the "Property ";
<br />TO SECURE to Lehr (a) the repayment of the indebtedness evidenced by Borrower's note dated _ January 22, 1 QR7
<br />(herein "Note"), in the principal sum of !hirty One thousand, Seven Hundred Forty Seven & 74/100 Dollars,
<br />with interest thereon, providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sootier paid, duce
<br />and payable on - 4s, 1 997 ; 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 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. PaYtaoat Of Prkdpal 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. Fends for Taxer and Insurance. Subject to applicable law or to a written waiver by Leader. Borrower shall pay to Leader on the day
<br />monthly installments of prindpal and intent are payable under the Note, until the Note is paid in full, a sum (herein "Fuseds ") equal to one-
<br />twelfth of the Yearly taxes and assessments which may attain priority over this Deed of Trust, and ground rests as the Property, if my, plus one-
<br />twelfth of Yearly premium installments for hazard insurance, plus one- twelfth of yearly premium installmems for OKWW a insurance. if any, all
<br />as reasonably estimated initially and from time to time by Lender on the basis of assessments and bills; and re sniumbie estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or rate agency (including
<br />Lender if Fender is such an institution). Gender shall apply the Funds to pay said taxer, =89NO pmts, insurance premium and ground rents.
<br />tender may not charge for se holding and applying the Funds, analyzing said account o c verifying and compiding said assessments and bills,
<br />t.,nlc4s tender pays Borrower interest nn the Funds and applicable law permits Lender to elate such a charge. Borrower and Lender may Ism in
<br />»+ "'fig at the time of edec,. wn of ,his ih:rd of Trust that interest ern the Funds shall be paid to Borrower, and wdese pith agreement is made or
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