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DEED OF TRUST 87- .101L,125
<br />THIS DEED OF TRUST is made this 11 TH day of MARCH
<br />19 87 agtheTrustot DONALD C. ENCK, 7R. AND SHERI L. EI`s CK HUSBAND AND WIFE
<br />meu
<br />(herein "Borrower"), AREND R. BACK, ATTORNEY AT LAIN
<br />(herein "Trustee"), and the Beneficiary, NOME FEDERAL SAVINGS a LOAN ASSOMTON OF GRAND WM% NE
<br />a corporation organized and existing tinder the hews of IN:SRA$A whore address is 3E 1 SOUTH LOCIiST, P. O. slit look
<br />GRAND ISLAND. NE jW! 0wrdn "Lander").
<br />BORROWER, in consideration of the indebtedness herein rafted and the trust crated, irrevocably grants and carveys to Tiwtee,
<br />in trust, with power of sale, the following described property hated in the Canty of H L L
<br />State of Nebraska:
<br />LOT THREE (3) IN BLOCK THIRTY —NINE (39) IN RUSSEL WHEELER'S ADDITION TO THE CITY OF
<br />GRAM ISLAND, HALL COUNTY, NEBRASKA
<br />which has the address of 213 E . 12? GRAND ISLAND
<br />(STREET) (CITY)
<br />NEBRASKA 68801 ert�n pra> vAddrms "):
<br />(STATE & ZIP CODE)
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all eases. rights. appurtenances, rest
<br />p'
<br />(subject however to the rights and authorities given herein to under to collect and apply sucli rents), royalties, mineral, oil and gas rights and
<br />profits. water, water rights, and water stock, and all futures now or hereafter att ached to the property, all of which: including replacemeat3 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 foregoing. together with
<br />said property (or the l aschold 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 nee dated MARCH 11 , 198?
<br />(herein "*tote"),in the principal sum of T111O THOUSAND TIJO HUNL)RED=FIFTY- FO in- AND- GBJlnn-------
<br />---- ,
<br />with interest thereon, providing for monthly iacullments of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />and payable on i+'i ARCH 25-,- 1990 . the payment of all other sewn
<br />with interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the performance of the crwe3ants and
<br />agreements of Borrower herein contained: and (b) the repayment of any future advances, with interact 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 her the
<br />tight to grant and convey tkc Property,
<br />that the Property is unencumbered, and that Borrower will warrant and defend generally the tide to the Property against all daims and
<br />demands, subject to any declarations, easements or restrictions listed in a schedide of exceptions to coverage in any title insuranoe policy
<br />insuring Lender's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Pays a d of Prtad*d said late>tM. Borrower shall promptly pay when date the principal of and interest on the indebtedness evil
<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. Forts far Tatra aN fasan are. Subject to applicable paw or to a written waiver by Lender. Borrower shall pay to Ltmder on the day
<br />monthly instaBntmts of principal and interest are payable sander the Note. until the Note is paid in full. a arm (heron "Funds ") equal to aso-
<br />twelfth of the yearly taxes and assessments which may attain priority over this Dad of Trust, and ground tents on the Property, if any. plus oft-
<br />twelfth of yearly premiums installments for hoard insurance. phis one - twelfth of yearly premium installments for mortgage insurance, if any, an
<br />as re asossably estimated initially and from time to time by Lender on the base of tssestanmts and hills and reasauble estimates thereof.
<br />The Furls dull be held in an institution the deposits or accounts of which are meared or guaranteed by a Federal or state agency (including
<br />Lander if Lender is such an Institution). Lender shall apply the Funds to pay said taxes, assessments, insure aero premiums and ground rents.
<br />Lander may tort dhvvppe for $o holding and applying the Funds. analyzing said account or verifying and compalmil said assessments and bias, r
<br />u nwas Loader pays Borrow" interest on the Funds and applicable law permits Leader to make such a charge. Borrower and Leader may agree m
<br />writing at the time of execution of this Dad of Truss that interest on the Funds slut be paid to Borrower, add unilas cods agreement is made or
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