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MOM DEED OF TRUST $7- 101342 MISDE"OFTRUSTiis made this 6TH day of MARCH 19 E7 among the THEODORE GEORGE AND RAMONA J. GEORGE, HUSBAND AND WIFE----------- - - (herein "Borrower "), AREND R. U —"r4,, ATT0194EY AT LAW owein •'Taus tad,), and the Beneficiary. HOME FED M SAYINGS A LOAN AiNIQdATWN OF AMMD I MMX NE a corporation orpaimd and existing under the laws of MOM ASKA wbose address is 2RI GOITH L0CMr, F. O. DOR 1098. �1AN0 ISLAlIDiHE 9f991 (basin "Lander"). BORROWER, in consideration of the indebtadrwn herds redtad and the trnst hese®sated, Hirtet�bly gramp and caaneys to Trusme. in bust. with power of sale, the following described property located to the Cuauy of State of Nebraska: LOT THIRTY -TWO (32) IN LE HEIGHTS FOURTH SUBDIVISION IN HALL COUNTY, NEBRASKA witich has the address of 4209 NORSEMAN DRIVE GRAND ISLAND (STREET) (CITY) NEBRASKA 68803 fheredn•'PropertyAddress ") (STATE & ZIP CODE) TOGETHER with all the improvements now or hereafter crated on the property, and all emus, rights, apourtenances, resits isubject however to the rights and authorities given herein to Leader to collect and apply such rents). royalties, mineral, oil and gas rights and profits. water. water rights. and water stock, and all fixtures now or hereafter attached to the property, all of which, including repiaconerss and additions thereto, shall be deemed to be and remain a part of the property covered by this Dad of Trust and all of the foregoing, together with said property (o: the teasehold estate if this Decd of Trust is on a leambold) are beron referred to as the "Property "; TO SECURE to Lender (a) the rgmymers of the indebtelom evidenced by Borrower's rote dated iriARC H 6, 1987 ( herein - Note "), in the principal sum of c T X TF ;7 N T HQJ I �:Af i^ _ W) r -- r,fih } iii`: t i � i- -- ----- ---- ----- -- ---- -- - - -- L.OikBrr, with interest thereon, prniding for monthly installments of principal and interest, with the balance of the indebtsxlzas , if not sooner paid, due and payable on MARCH H 2N , 1993 • the pay mert of all other sums. with interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and agreements of B— mlowwer herein contained; and (b) the repayment of any fwtirz advances. with interest thereon, made to Borrower by leader pursuant to paragraph 21 hereof (herein "Future A_- Smoccs "). Borrower covenants that Borrower is lawfully seised of the caste hereby conveyed and has the tight to giant and convey t;se Property, that the Property is unencumbered, and that Borrower will warrant and defend generally the title to the Property against all claims and demands, subject to any declarations, easements x restrictions listed in a schedule of exceptions to coverage in any title insurance polity htatrina f nrim's intaeti� in the Property. i1N1FOR.M COVENANTS. Borrower and Lender covenant and agree as follows: 1, Payment of Pebsefpd and lateraL Borrower shall promptly pay when die the principal oi ana interest on the indebtedness evidenced by the Neste, prepsymsat and late charges as provided in the Note, and the principal of and interest on any Future Advances swim by this Deed .Y Trust. 2. Puais Tae Tana W fasasawee. Svbjeet to applicable law or to a written waiver by Leader. Borrowei shall pay to Lender on the day monthly installments of principal and interest are payable sander ale Note, until the Note is paid in full. a sum (heron "Fimehi') equal to one.6 twelfth of the yearly taxes and assessments which may attain pnoruy over this Deed of Tout. and ground rents on the Property, if ay. Phu oce- twelfth of yearly premium instalimrnu for hazard insurance. plus ore - twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by Lender on the basis of assessments and bills and reasonable estim:tm thereof. The Fonts shall be held in an institution the deposits or accounts of which are usstred or guaranteed by a Federal or slate agency (including !water if Lerida is such an institution). Lctder shall apply the Funds to pay said taus. assessments, insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyrnng said account or verifying and compiling said assessments and bills. unkn l.etsder pays Borrower interest on the Funds and applicable law permits bander to make such a charge. Borrower and Lender may agree in writing at the time of esaeution of this Dead of Trust that interest nn the Funds %W use pad to Borrower. and uniea such agreement is made or