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DEED OF TRUST
<br />THIS DEED OF TRUST is made this 24th day of mar rh
<br />19 87 among the Trvstor, Lawrence Robert
<br />(herein "Borrower" ), AREND R. BAA�K A NEY AT LAW
<br />(herein -Trustee), and the Beneficiary, HOME FEDERAL SAVINGS A LOAN ASWMTION OF GRAND {SLANG, NE
<br />a corporation organized and existing under the laws of NEBRASKA whose address a 221 SOUTH LOCUST, P. O. BOX 1000.
<br />GRAND ISLAND, NE B 1002 (herein "Lender ")
<br />BORROWER, in consideration of the mdd tednm herein recited and the trust herein created, itrt�biy grants and conveys to Trumee,
<br />in trust. with power of sale, the following described property located in the County of --
<br />State of Nebraska:
<br />LOT FIVE (5) LAKE DAVIS ACRES SECOND SUBDIVISION, HALL COUNTY, NEBRASKA
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<br />which has the address of 4511 CALVIN DRIVE GRAND ISLAND
<br />NEBRASKA 68601 (STREET) (CITY)
<br />(herein - Property Address ");
<br />(STATE A ZIP CODE)
<br />TOGETHER with all the improvements now or hereafter erg on the property, and all easements. rights. appurtenances. 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 replacemmm and
<br />additions thereto, shall be deemed to be and remain a part of the property covered by this feed of Trust; and all of the foregoing, together- with
<br />said property (or the leasehold estate if this Dad 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 bey Borrower's note tined FrIARCH 24, 1557
<br />THIRTY FIVE THOUSAND AND NO +OD------------ - - -- -- -- --
<br />(herein "Note"), in the principal sum of '- 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, 2017 the payment of all tither sum%
<br />with interest thereon, advanced in accordance herewith to protect the security of this Dad 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 therein. 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 has the tight to grant and convey the Property,
<br />that the Property is unencumbered, and that Borrower will warrant and defend generally the tick to the Property against al!' cfains and
<br />demands, subject to any declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />insuring Lender's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal 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 Dad
<br />Of Trust.
<br />2. Rands foe Taxes and la asmace. Subject to applicable law or to a written waiver by I ender. Borrower shall pay to I ender on the day
<br />monthly installments of principal and imerat are payable under the Note, until the Note is paid in full, a sum (herein "Funds") equal to ooe-
<br />twe fth of the yearly taxes and assessments which may attain priority over this feed of Trust, and ground tents on the Property. if any. phis one-
<br />twelfth of yearly premium installments for hazard insurance, plus one- twelfth of yearly premium installments for mortgage insurance, if any. all
<br />as reasonably estimated initially and from time to time by Lender on the basis of assessments and bills aid reasonable estimates thereof.
<br />The Fun& shalt be hdd in as institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />Lander if Lender is such an institution). Lander shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rests.
<br />I anent may not charge for so holding and applying the Funds, analysing said account or verifying and compiling said assessments and balls.
<br />unless Lender pays Borrower interest or the Funds and applicable law permits Lender to make such a charge. Borrower and Lender may agree in
<br />writing at the time of execution of this Dead of Trout that interest on the Funds shall be paid to Borrower, and unless such agreement is made of
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<br />which has the address of 4511 CALVIN DRIVE GRAND ISLAND
<br />NEBRASKA 68601 (STREET) (CITY)
<br />(herein - Property Address ");
<br />(STATE A ZIP CODE)
<br />TOGETHER with all the improvements now or hereafter erg on the property, and all easements. rights. appurtenances. 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 replacemmm and
<br />additions thereto, shall be deemed to be and remain a part of the property covered by this feed of Trust; and all of the foregoing, together- with
<br />said property (or the leasehold estate if this Dad 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 bey Borrower's note tined FrIARCH 24, 1557
<br />THIRTY FIVE THOUSAND AND NO +OD------------ - - -- -- -- --
<br />(herein "Note"), in the principal sum of '- 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, 2017 the payment of all tither sum%
<br />with interest thereon, advanced in accordance herewith to protect the security of this Dad 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 therein. 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 has the tight to grant and convey the Property,
<br />that the Property is unencumbered, and that Borrower will warrant and defend generally the tick to the Property against al!' cfains and
<br />demands, subject to any declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />insuring Lender's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal 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 Dad
<br />Of Trust.
<br />2. Rands foe Taxes and la asmace. Subject to applicable law or to a written waiver by I ender. Borrower shall pay to I ender on the day
<br />monthly installments of principal and imerat are payable under the Note, until the Note is paid in full, a sum (herein "Funds") equal to ooe-
<br />twe fth of the yearly taxes and assessments which may attain priority over this feed of Trust, and ground tents on the Property. if any. phis one-
<br />twelfth of yearly premium installments for hazard insurance, plus one- twelfth of yearly premium installments for mortgage insurance, if any. all
<br />as reasonably estimated initially and from time to time by Lender on the basis of assessments and bills aid reasonable estimates thereof.
<br />The Fun& shalt be hdd in as institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />Lander if Lender is such an institution). Lander shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rests.
<br />I anent may not charge for so holding and applying the Funds, analysing said account or verifying and compiling said assessments and balls.
<br />unless Lender pays Borrower interest or the Funds and applicable law permits Lender to make such a charge. Borrower and Lender may agree in
<br />writing at the time of execution of this Dead of Trout that interest on the Funds shall be paid to Borrower, and unless such agreement is made of
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