|
6�HIS DEED OF TRUST is made d
<br />DEED OF TRUST
<br />3rd
<br />March
<br />T"` °` ames 1 a W � ' is o. wer a e, nuauas iu el to wt i e min "Borrower "j,
<br />AREND R. MACK ATTEiRlIEI At LAW
<br />(herein "Trufte"), and die Beneficiary, NOW FEDWAL $AVOW a wry weDCIATM of awry VLFA06
<br />a corporation orpnined and a Wft under the laws of NENROlKA while adore xa i 2" rOMM LOOM P a root Im
<br />QJkAND WLAND, Ne trans owdo - Landee-).
<br />BORROWER, ie oftheindebtathstasherein recited and the ova haaiaaatled,Ha ifaaidemnystoTimw%
<br />in trust, with power of sale, the following destr�ed pmnpaty [opted in the Coomyof
<br />State of Nebraska:
<br />Lot Nine (9), Block Five (5), in Country Club Subdivision, an Addition to the City
<br />of Grand Island, Hall County, Nebraska.
<br />co a
<br />a
<br />70 w iv 3
<br />which lips the address of 1504 Rosemont Grane Island,
<br />(STREET) (CITY)
<br />Nebraska 58601 —Property Address");
<br />Address ").
<br />(STATE.fi ZIP CODE)
<br />TOGETHER with all the improvements new or hereafter erected on the property, no all easements. riglns, appurttnanzes, rents
<br />(subject however to the rights and authorities Sven heron to Lender to and ap�y suds react), royah6 mineral, oil and gas rrgins and
<br />profits, water, water rights, and water stock, and all fixtures now or hereafter attached to the property, a8 of which, including rspl its and
<br />additions thereto, shall be deemed to be and remain a part of the property covered by this Deed of Tract; and an of the foregoing, toodher 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 twee dated t ar oh. 3 , 19 8.7
<br />r
<br />(hcran "'vote' ), i a tlprincipal aunt of h, -r * y Seven rr lusaf z n-
<br />--- ------ ------- --- - -- Dollars,
<br />with interest thereon,pson ding for monthly inserts of principal and interest, with the balance of the indebtedness, if not sooner per. due
<br />and payab. on Aor i 1 1, 2002 the payment of all other stems,
<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 )awfully seised of the estate hereby conveyed and has the right to grant and convey :he Property,
<br />that the Property is unencumbered, and that Borrower will warrant and defend generally the tide to the Prop". against all claims and
<br />demands. subject to any declarations, easements or restrictions listed in a schedule of emeertions to coverage in any title insurance policy
<br />insuring Lender's interest in the Property.
<br />t N FnIIr s COVENANTS, Borrower and ll cawcam and agcc as f0lhc vs.
<br />L Paysewl of Principal tad 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 seatred by this Deed
<br />mf Twat.
<br />L Fats for Taw and Insurance. Subject to applicable law or to a written waiver by Lender. Borrower stall pay to tender on the day
<br />monthly installments of principal and interest arc payable trader the Note, until the Note is paid in full, a stem (herein "Fronds ") otpal to oac
<br />twelfth of the yearly taxes and assessments which may attain priority over this Deed of Trust, and ground rents an the Property, if arty, plus one-
<br />twelfth of yearly premium installments for hazard insurance, plus one- twelfth of yearly premium installments for mortgage insurance. if any, ill
<br />as reasonably estimated initially and from time to tune by Lender on the basis of asommmu and bib and tewsatable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which sere insured or gtnnoiteed by a Fedaral or sate agency (including
<br />Lender if Sender is such an institution). Lender shall apply the Funds to pay said taxes, assessmems. insurance premiums and ground tats.
<br />Lender may trot charge for so holding and applying the Funds, analyzing said account or verifying and comphing said assessments and bills.
<br />unless (.ender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Leader may agree in
<br />writing 41 the time of execution of this Deed of Trust that interest on the Funds shall be paid to Bo, rower. and unless such agrasmem is made or
<br />
|