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<br />DEED OF TRUST , $7-- 1171521
<br />iISDEED OF TRUST is made this 16th day of march
<br />19 among theTttt�, J,L. 1 uo
<br />. ). AREN R. & A AT LAW
<br />(herein °Truster "). and the Hateficiary. NOME FEDERAL SAYVI" R LOAN A880CIATIM OF GRAND MAN% HE
<br />a o --Moen arpaizod and etdstins under tba Mars of M IROM whore addle s fs 3M SOUTH LOCUST, P. Q SOi( 1001.
<br />GRAND MAN% NE MOOS tberen "LeodK „).
<br />BORROWER, in consideranon of the indebtdmess berdn teclted and the trot haeia seated. inevoably grants and conveys to 97n UM
<br />in trust, with power of sale, the followin = described property berated in the Coumty of H =1 l
<br />StateofNebrun:
<br />Parecei 1: The South One -half of Lot Eight (8) and all of Lot Nine (9), in
<br />Block Two (2), of First Artistic Homes Addition to the City of Grand Island,
<br />Hall County, Nebraska, excepting a certain tract deeded to the City of Grand
<br />Island by Warranty Deed recorded in Book 164, Page 371.
<br />Parcel 2: Lot Ten (10), block Two (2) in Normandy Estates, as Addition to
<br />the City of Grand Island, Hall County, Nebraska.
<br />which lips the address of 1405 Coventry and 948 South Locust Grand Island
<br />(STREET) (CITY)
<br />(Nebraska 8: 68801
<br />tt�ty, Address ");
<br />(STATE ZIP CODE)
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurteaaanes, tents
<br />(subject however to the rights and authorities given herein to Lends to collet and apply such rem), royalties, mineral os1 and gas rights and
<br />Profits. water, water rights, and water stock, and all fixtures now or hereafter a, tacbed to the property, all of which, including replaorsaem and
<br />additions thereto. shall be deemed to be and remain a part of the property cov red by this Dad of Trust; and all of the foreguin& together with
<br />said property (or the leasehold estate if this Dad of Trust is on a leasehold) a, berein referred to as the property,';
<br />TO SECURE to Lender (a) the repayment of the indebtedness evidenced by Borrower's rote dated Ma rr h 1 R � 1467
<br />(herein " Note„), in the principal stmt of Onp. Ht ,ndrori i { sac n T ,n, ,carer n f 1 ttl Doggy
<br />with interest thereon, Providing for monthly installments Of PriliciP111 and into €, with the balance of the indebtedness, if •sot sooner paid, due
<br />and payable on April 1. 20Q? the payment of all other sums,
<br />with intermit thereon, advanced in accordance herewith to protest the security of thin Dad of True; and the performance of the covenants and
<br />Agreements of Borrower herein contained; and (b) the repayment of any future adv&wes, with interest thereon. made to Borrower by Leader
<br />pursuant to Paragraph 21 hereof (herein "Future Advances-).
<br />Borrower covenants that Borrower is lawfully seised of the gate hereby conveyed and has the tight 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. cascmmu or tavitxions listed in a schedule of exceptions to coverage in any title insurance policy
<br />insuring Larder's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />I. Payment of jai and Interest. Borrower shall promptly pay when Aux the principal of and interest on the indebtedness evidenced
<br />by the Note, prepayment and late charges "provided in the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />of Trust.
<br />2. Lands for Tom std Iavassm. Subject to applicable law or to a written waiver by Lender, Borrows shall pay to Lender on the day
<br />monthly installments of principal and interest arc payable under the Note, until the Note is paid in full, a sum (herein •Funds••) etpul to oeo-
<br />twelfth of the yearly taxes and ass ssment$ which may attain priority over this Dead of Trust, and ground toms an the Property, if any. plus onto-
<br />twelfth of yearly premium ins€a)lmenu for hazard insurance, plus one- twelfth of yearly premium installments for mortgage insurance, if any, an
<br />as reasonably essimatal initially and from time to time by Leader on the basis of asseaamenb and bilk and reasonable estimates thereof.
<br />The Funds shill be held in an institution the deposits of accounts of which are insured or guaranteed by s Federal or state agency (including
<br />Lender if Leader is such an institution). Leader sb&H apply the Funds to pay said taxes. assessmeau. insurance Presmums and ground reap.
<br />laadar may not chargr feu so holding and apptyins the Funds, analyzing said account of verifying and compiling said assessments and b(Bs.
<br />radar [ender clays Borrower interest on the Funds and applicable law permits Leader to matte such a charge. Borrower and Lender may agree in
<br />writie'll a the time of execution of this Deed of Trust that interest an the Funds shall be paid to Borrower, and unless such agreement is mate or
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