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DEED OF TRUST
<br />�7-- 16167 4
<br />IS DEEDOfiTRUST' madethia 23rd day of march
<br />-1 19 E,antottgtheTnutor, tennis Jakob and Janis P. Jakob, Husband and Wife----------- - - - --
<br />1 (herein'•Haro1M11), AREND R. SHACK, ATTQRNf:YAT LAW
<br />(herein "Trustee "), and the Beneficiary, "ONE FEDERAL SAVRM A LOAN ANDOAT:ON OF GRAND W"WX HE
<br />a corporation orgaoind and cutting under the laws of NEBRASKA trLaae adders ii 2gl SOtRM LOCIiilT, P. O. WW I-
<br />4WD ISLAND, HE MW (hetdn'4.mler ")
<br />BORROWER, in consideration of the indebtedness herein recd and the trust herds seated, irrevocably manta and caaveys to Trustee,
<br />in trust, with power of sale, the following described property located in the County of Hall — --
<br />State of Nebraska:
<br />Lot Thirteen (13) in Block Two (2), Lake Davis Acres Subdivision, Hall County,
<br />Nebraska
<br />which hes the address of 4419 Calvin Drive urand Island,
<br />(STREET) (CITY)
<br />Pebraska
<br />(Mein "Property Address ");
<br />(STATE & ZIP CODE)
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents
<br />(subject however to the rights and authorities given herein to Louder to collect and apply such rents). royalrics mineral, oil and gas rights and
<br />profits, water, water rights, and water stock, and all futures now or hereafter attached to the property, all of which, including replacements and
<br />additions thereto, shall he domed to be and remain a part of the property covered by this Deed of Trust; and all of the foteguiu& together with
<br />said property (or the leasehold estate if this Deed of Test is on a leasehold) are herein referred to as the "Property";
<br />TO SECURE to Londe (a) the repaym f e bypsra's mte d
<br />Mar- 23, 1-B7
<br />(herein "Not "), in the principal stun of wive i ausano, i rr y �c ors an0 % -----------------
<br />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 March 15, 1490 ; the payment of all other sums,
<br />with interest thereon, aavanced in accordance herewith to protect the security of this Dud 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 thereon, made to Borrower by I coda
<br />pursuant to paragraph 21 hereof (herein "Future Advances ").
<br />7
<br />Borrower covenants that Borrower is lawfully sod of the estate hereby conveyed and has the right 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, easements or restrictions listed in a schedule of esnepuons 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 tad Interest. Borrower shaft 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 Deed
<br />of Trust.
<br />2. Falls for Taus all Insurance. Subject to applicable law or to a written waiver by Lender. Borrower shalt pay to I coder on the day
<br />monthly installments of principal and interest are payable under the Note, until the Note is paid in full. a sum ( hercin "Funds ") equal to one-
<br />twelfth of the yearly taxes and astcestuents which may attain priority over this Decd of Trust, and ground rents on the Property, if say, plus one`
<br />r
<br />twelfth of yearly premium installments for hazard insurance, plus once - twelfth of yearly premium installments for mortgage insurance, if army, all
<br />as reasonably estimated initially and from time to time by Lender on the basis of assessments and bulls and reasonable estimates thereof.
<br />The Funds *all be held in an institution the deposits or amounts of which are interred or guaranteed by a Federal to state agency (including
<br />Leda if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents.
<br />Lander may not charge for to holding and applying the Funds. analyzing said account or verifying and compiling said assessments and bile.
<br />unless Leader pays Borrowa 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 Deed of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made or
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