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DEED OF TRUST 87-- 101792
<br />TI€iS HEED dF TRUST is made this 1st day of April
<br />19 87, among theTrtutor,_ Larry D. Schuppan , a single person
<br />(herein " •). _ -- - AREND R. BAAM ATTORNEY AT LAW
<br />(heron ""ranee"), sad the Beneficiary, HOME FEDERAL SAVINGS A LOAN ASSOCIATM OF GRAND ISLAND, HE
<br />a corporation organized and existing under the laws of NEBRASKA whose oddra)s ZZI SOUTH LOCUST. P. O. BOX t00B.
<br />ORAND ISLAND, NE GM (herein "Leader").
<br />BORROWER, in consideration of the indebtedrsets herein recited and the tract hei ei crossed. urevocably Staff and conveys to Tnstee,
<br />intrust, with power of sale, the following described property located in the County of Hall
<br />State of Nebraska:
<br />LOTS THIRTY TWO (32) AND THIRTY FOUR (34) BLOCK "C" IN PARKVIEW SUBDIVISION, LOCATED
<br />IN THE NORTHEAST QUARTER (NE4) OF SECTION TWENTY –NINE (29) AND THE NORTHWEST QUARTER
<br />;NWAI) OF SECTION TI.DENTY EIGHT (28), IN TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9), WEST
<br />OF THE 6TH P.M. HALL COUNTY, NEBRASKA.
<br />which has the address of 2315 SOUTH BLAINE GRAND ISLANQ.
<br />(STREET) (CITY)
<br />NEBRASKA 68801 therein „ProperryAddress ");
<br />(STATE & ZIP CODE)
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurtmascm rests
<br />(subject however to the rights and authorities given herein to Lehr to collect and apply such rents), royalties, 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 be deemed to be and remain a pan of the property covered by this Deed of Tnsst; and all of the faegoin& together -rich
<br />said property (or the leasehold estate if this Deed of Trust is on a leasehold) are herein referred to as the "Property";
<br />Td SEOUTRE t: Ler ' °„,he r aD , I 1 1 g87
<br />._, ez s —” f1fY fi `� i i �t edwd Al ..IL ��:
<br />(herein "Note "). in the principal sum of - - -- ----------------------- Dollars.
<br />with interest thereon, pMqj"for �r( ly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />and payable - the payment of all other stems,
<br />with interest t hereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the performance of the caveoants and
<br />agreements of Borrower herein contained; and (b) the repayment of any future advances, with intaett therem mate to Borrower by Lender
<br />Pursuant to paragraph 21 bereof (herein "Future Advances ").
<br />Borrower covenants that Borrower is lawfully seised 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 tick to ilg Property agairut all daun and
<br />demands, subject to any declarations, easements or restrictions listed in a schedule of eare_ tioas to mvemite is env rise t..e>ro...Y .di.
<br />insuring lender's interest in the Property. j
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Pr adpal sad 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 Deed
<br />of Trust.
<br />L FWs for Toad and lomrasce. Subject to applicable law or to a written waiver by Leader, Borrower shall pay to I ender on the day
<br />monthly installments of principal and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds ") equal to one -
<br />twelfth of the yearly cases and assessments which may attain priority over this Iced of Trust, and ground rents on the
<br />Property, if any, plus one-
<br />twelfth of yearly premium inuallments for hazard insurance, plus one- twelfth of yearly premium installments for
<br />mortgage insntaace. if say, all
<br />as reasonably estimated initially and from time to time by Leader on the basis of assessments and bills and reasonable estimates thereof.
<br />The Punds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />Lander if Lander is such an institution). Lender 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 />union Leader pays Borrower interet on the Funds and applicable law permits Lender to make such a charge. Borrower and Leader 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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