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<br />DEED OF TRUST 87- 101612
<br />THIS DEED OF TRUST is made this Seventeenth day of March
<br />19_87 ,among the Ttvstor, Susan A. Hesslegesser and Ted V. Hesselgesser, wife and husband
<br />i (herein "Borrower "),_ AREND R $MC ATTORNEY AT LAW
<br />(bexein "Trustee"), and the Beneficiary; HONE FEDERAL SAYINGS A LOAN ASSOCIATION OF GRAND IVAN WE
<br />a corporation organized and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST P O 8OX 1001.
<br />GRAND ISLAND NE ONO2 (herein •'Leader").
<br />BORROWER, in consideration of the indebtedness herein rented and the Ulm herein created, irrevocably grams Wad carvers to Trostee,
<br />in trust, with power of sale, the following described property located in the County of Hall
<br />State of Nebraska:
<br />LOT FIFTEEN (15), IN FRACTIONAL SOCK SIX (6), IN ASHTON PLACE,
<br />AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />which has the address of 2613 West John Grand island
<br />(STREET) (CITY)
<br />Pr ra ka 68801 (I,— "Property Address ");
<br />(STATE & ZIP CODE)
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances. rats
<br />(subject however to the rights and authorities given herein to Leticia to collect and apply such rents), rcryaltims 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 replisimments and
<br />additions thereto, shall be deemed to be and remain a part of the property covered by ttris Deed of Trus; and all of the foregoing, together with
<br />said proper} (or the leasehold estate if this Dead of Trust is on a leasehold) are herein referred to as the - Proper v -;
<br />TO SECURE to Lender (a) the repayment of the indebtedness evidemcd by Borrower's note dated Ma
<br />rch 17, 1987
<br />(herein "Note "), in the principal stun of Twenty Three Thousand and tic /100 ------------------------- - Dollars,
<br />with interest thereon. providing for monthly installments of primps( and interest, with the balance of the indebtedness, if not sooner paid, doe
<br />and payable on march 23 1989 the payment of all odxrsuals,
<br />with interns thereon, advanced in accordance herewith to protect the security of this Dad of Trust; and the performance of the covenants and
<br />agrxmetus 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 lawfully seised of the estate hereby conveyed and has the right to giant and convey the Property,
<br />that the Property is unencumbered, and that Borrower will warrant and defend generally the tide to the Property against all claims 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 />UNIFOP -%4 COVENANT'S_ 8+rrower as t v ----.. t
<br />S "CC a3 foll[tWi: -
<br />1. Psyusent of PthkW and Interest. Borrower shall promptly pay when due the
<br />principal of std 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 Deed
<br />of Trust.
<br />2. Finis for Taxes and immranm. Subject to applicable law or to a written waiver by Lefler. Borrower shall pay to Lender on the day
<br />monthly installments of principal and interest are payable under the Note, until the Nine is
<br />paid in fall a sum (herds "Funds ") equal to one
<br />twelfth of the yearly tatters and assessments which may art
<br />am priority over this Deed of Trust, and ground rents on the Property, if any, taus one -
<br />twelfth of yearly premium installments for hazard insurance, plus one - twelfth of yearly pm*um installinents for mortgage insurance, if any, all
<br />at reasonably estimated initially and from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shalt be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />Leader if Lender is such an institution). Leader shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents.
<br />Lender may not charge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and bills,
<br />unless Lender mays Borrower interest on 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 teed of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made or
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