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DED OF TRUST 87-- 100552
<br />8i'SDBEDOFTRtISTiataadedds 23RD �gr M JANUARY
<br />19 ,aaartat�sTrw�r, DERYL G. S 'GEN REI ANDoAiVN SORGENFREI.
<br />UAW's
<br />(herein" llorrorrar'7
<br />ig
<br />(herein "Tnrtae'7, adthe)1weAdary,
<br />aoorPOraimorowdoWs daaiaf so t Avbvsaf wM�sa wii� �I iff�llt 11 ' t O. M 1N1�
<br />90R1ROW111 8 oaddwadon of tk ioMtadess a YMWa reehd ad the bnrt hssain euwaasi, itw on* vem W satwga w Tewww,
<br />in ttwst, with power otnia, the fogowbeg illsew lied oaoptty lowed In Me Cougty of HALL
<br />State of Nebraska:
<br />LOT FOURTEEN (14), PIONEER ACRES SUBDIVISION, LOCATED IN SECTION TWO (2),
<br />TOWNSHIP NINE (9) NORTH, RANGER TEN (10) WEST OF THE 6TH P. m., IN HALL COUNTY,
<br />NEBRASKA
<br />which has the address of ROUTE #1 BOX 23Z DONIPHAN
<br />(STREET) (CITY) NEBRASKA 66832 (herein "Property Address ");
<br />(STATE & ZIP CODE)
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all eweaeets, 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, bxhsdiog replacements and
<br />additions thereto, shall be deemed to be and remain a part of the property covered by this Dad of Trast; 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 Lender (a) the repayment of the indebtedness evidenced by Borrower's note dated JANUARY 23, 1987
<br />(herein "Note"), in the principal sum of TEN THOUSAND FIVE HUNDRED AND 00/100 -------------- - - - - -- Dollars.
<br />with interest thereon, Providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />and payable on FEBRUARY 1, 1997 ; the payment of all other suns,
<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 tick 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 tick insurance policy
<br />insuring Leader's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />I. Pa7sent of Fried al 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 Dad
<br />of Trust.
<br />2. Farads for Taxes ad Lswaaee. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to bander on the day
<br />monthly installments of prindpal and interest are payable under the Note, until the Note is paid in full, a stir (herein "Fends ") equal to one
<br />twelfth of the yearly taxes and assessments which may attain priority over this Deed of Trust, and ground teats on the property, if eery, plus one-
<br />twelfth of yearly Premium installments for hazard insurance, plus one - twelfth of yearly premium installntenta for nsonew insurance, if any, all
<br />as reasonably estimated initially and from time to time by Lender on the basis of assessments and bills and reasonable 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 state agency (indtding
<br />Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, aaae"WIents, insurance premiums and ground reats.
<br />Lender may not charge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and bills,
<br />unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Leader may agree in
<br />writing at the time or execution of this Deed of Trust that interest un the Funds shall be paid to Borrower, and tdar such agr mt is made or
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