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DEED OF TRUST
<br />87--- 10126!3
<br />THIS DEED OF TRUST is made this 9th � � march
<br />t3t_ husband and Wife -
<br />------ - - - - --
<br />Om •Borrower' 1, AF END R. BAAM ArMNEY AT LAW
<br />(herein "Trustee'), and the Beneficiary, HOME FEDERAL SAVINUS a LOAN ASSOCIATION OF GRAND OLAND, HE
<br />a corporation orgatsized and existing: undertbeiswsof NEBRASKA whoaaddteasu 921 SOUTH L WOW P. O. BOX "M
<br />ORIUIO !$LAND. NE 11902 (harm "Lender').
<br />BORROWER, in consideration of the indebtedness herein recited and the is herein created, itraroSabiY and coo reys to Tru atee,
<br />in trust, with power of sale, the following described property located in the County of tHtaa 1i -
<br />State of Nebrasia:
<br />Lot Thirteen (13) in block Five (5), in Koehler Place, an Addition to the
<br />City of Grand Island, Hall County, Nebraska
<br />which has the address of 241 South Vine Grand Island
<br />(STREET) (Crm,
<br />Nebraska 68801 �,.PropemAddress„ );
<br />(STATE R ZIP CODE)
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurtessaaces, rents
<br />(subject however to the rights and authorities given herein to Lender to collect: and apply such rents), royalties. mineral, oil and gas rights and
<br />profits, water, water rights, and water stock, and all fixtures now or hereafter attached to the property, all of which, including repiacrmms and
<br />additions thereto, shall be deemed to be and remain a part of the property covered by this Deed of Trust; and all of *-he foregoing, together with
<br />said property (or the leasehold estate if this Deed of Trust is on a leasehold) are herein referred to as the "Property ";
<br />TO SECURE to L ender (a) the repaytt�ent of the Tje ,I$I as evidenced by Borrower's note dated "larch 9. 1987
<br />Monty D x husband T!w u.. prod and rr�i rn
<br />(-herein •`Note'), in the principal sum of - • „u I : Uu --------
<br />- - - -- 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 _ April 1 , 2002 • the payment of al; other sums,
<br />with interest thereon, advanced in accordance herewith to protect the security of this Dead of Trust and the performance of the tovenarss and
<br />agreements of Borrower herein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by fender
<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 conve, 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 ezapaoos to coverage in any tide insurance policy
<br />insuring Lender's interest in the Property.
<br />UNIPOtciwi COWENAiv i . Borrower and Lender covenant and agree as `follows:
<br />1. Payeseat of Prbuipal 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. Ftsi for Tam said iauvoee. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Len6x 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 "Funds") equal to one -
<br />twelfth of the yearly taxes and assessments which may attain priority over this Deed of Trust, and ground tents on the
<br />Property, if any, plus neat
<br />twdhh of yearly premium insrtllments for hazard insurance, plus one- twelfth of yearly premium irotaliments for mortgage insurance, if any. all
<br />as ressionably estimated initially and from time to time by Lender on the basis of ameeameots and bills and r wooable estimates thereof.
<br />The Fwod; shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />Leader if Lander is such an institution). Lander shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rams.
<br />Larder 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 Linder to make such a charge. Borrower and Leader may agree in
<br />writing at the lime of execution of this Decd of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made or
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