|
DEED of TRusr 87— 100554
<br />87 THIS DEEDOF TRUSTis Made this 23rd dayof January
<br />19 -awthe. - Barney Danklesen and Anita S. Danklesen T /k /a Anita 9- Krnpp, „ -zhAnd & Wife
<br />(bersin `• ar'7. AF4W It MAIM AMM U AT LAW '
<br />(herein -- rimese "), and [le latdciary, f1011E VIDWOL EAVMM A LOW A990MU N OF IN UNQ *LAND, W
<br />aeorporad000gpmi daatder endatMbmof "N=Mft wismadisis !l1 IOYTM LOOM, P. a 900I IM
<br />_ OAAII MAW t1E MMt (hedtha "L40dtr').
<br />BORROWER, at oawsidsration
<br />of tie indebu desp l ns el w and emogr 10 Trmae.
<br />in trust, with power of ae, te following. dtc11 ' property locntad iathe CoWxy of Ha I
<br />State of Nebraska:
<br />The South Twenty Nine and One Third (S29 1/3) feet of Lot Two !1) and t:e North
<br />Fifteen and Two Thirds (N15 2/3) Feet of Lto Three (3), in Block One (1), in
<br />Heyde's Addition to the City of Grand Island, Hall County, Nebraska.
<br />which has the address of 224 South Sycamore Grand island
<br />(STREET) (CITY)
<br />Nebraska 68801 „Property Address");
<br />(STATE & ZIP CODE)
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights. appurtessamoea, rents
<br />(subject however to the rights and authorities given herein to Lender to collect and apply such rents), royalties, mineral. affil and gas rights and
<br />profits, water, water tights, and water stock, and all futures now or hereafter attached to the property, all of which, iadtding repiaoemMU and
<br />additions thereto, shall be deemed to be and remain a part of the property covered by this Deed of Trust; and all of the forte, together with
<br />said property (or the laadtoki estate if this Deed of Trust is on a laschotd) are herein referred to as the "Property ";
<br />TO SECURE to Leader (a) the repavnx[tt of theJxidebtedness evidenced by Borrower's note dated January 23, 1987
<br />(herein " Note "),in the principal sum of!7ixteer Chonsanc' °hree furcdre^, .Thy rtF�n r� ;I" ^,2__-_ - 9oltats,
<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 Janus r y 20, 1994 : the payment of all other sums,
<br />with interest thereon, advanced in accordance herewith to protect the security of this feed 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 Ltrider
<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 cite insurance policy
<br />insuring Lender's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Prl m*d nsi Intleyest. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, prepayment aid 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. Ftub for Tasss sr/ Laaranee. Subject to applicable law or to a written waiver by L ender, Borrower shall pay to Lade on the day
<br />monthly installments of principal and interest are payable under the Note. until the Note is paid in full, a sum (herein "F=& ") equal to one-
<br />twelfth of the yearly cases and assessments which may attain priority over this Deed of Trust, and ground rents on the Property, if any, plus one -
<br />twelfth of yearly premium installments for hazard insurance, plus one- twelfth of yearly premium installments for mortgage insurance, if any, all
<br />u reasonably estimated initially and from time to time by Lender on the basis of ass and bilk 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 (including
<br />Lender if Leader is such an institution). Lender &ball apply the Furls to pay said taxes, assessments, insurance premiums and ground rents.
<br />tender 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 (.ender to ante such a charge. Borrower and Lender may agree in
<br />writing at the time of execution of this Deal of Trust that interest on the Fundb &ball be paid to Borrower, and unless such agreement is trade or
<br />�J
<br />
|