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which has the address of 103 W. 11TH STREET GRAB ISLAND, NEBRASKA 68801 (STREET) (CITY) _ (STATE & ZIP CODE)Y )' �f TOGETHER with all the improvements now or hereafter erected on the properry, and all easements, rights, apportenancM reins (subject however to the rights and authorities given herein to Lender to collect 2 --1 apply such Terns), royalties, mineral, oil and gas ry'Jits and ProfiM water, water rights, and water stock, and all fixttire s now or hereafter attached to the property, an of which, including repiacememrs and additions thereto, shall be deemed to be and remain a part of the property covered by this Deed of Trust and all of the foregoing, together with said Property (or the leasehold estate if this Deed of Trust is on a Insebold) are herein referred to as the "Property,,. TO SECURE to Lender (a) the repayment of the indebt -dr ess evidenced by Borrower's note dated MARE i �g 1987 (herein "Note "), in the principal sum of TWENTY TWO THOUSAND FOUR HUNDRED SIXTY Titer AND 61 100 - - - -- with interest thereon, Providing for monthly installments of principal and intarst, with the balance of the and payaWeon APRIL 16 1994 indebtedness, if not sooner paid, due with interest thereon, he payment of all other sums, aeon advanced in accordance herewith to protect The security of this Decd of Trust; and the performance of the covenants and agreements of Borrower herein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Lends Pursuant to Paragraph 21 hereof (herein "Future Advances "). Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the that the Pt right to grant and co nvey the Property, operty is unencumbered, and that Borrows will warrant and defend generally the tits to the Property against as claims and - demands, subject to any declarations, easements or t :� listed a of exceptions to coverage, insuring Leader's interest in the Property. in any title insurance policy UNIFORM COVENANTS. Borrows and Lends covenant and agree as follows: 1. Paysat of ?riNdpaa erred INUR". Borrows shall promptly Pay when due the principal of and interest on the indebtedness evidenced 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 of Trust. 2. Feaft for Tas ned Lwranee. Subject to applicable law or to a written waiver by Lends, Borrows shell pay to Lends on the day monthly installments of Principal and interest are payable ands the Note, until the Note is paid in full, a sum (herein "Funds`) equal to one twelfth of the yearly taxes and assessments which may attain priority over this Deed of Trust, and ground ttats on the -- twelfth of yearly Premium installments for hazard insurance, phis one - twelfth of Property, if any, Plus one- twelfth premium installments for Mortgage insurance, if any, all as realwnably estimated initially and from time to time by Lends on the basin of assessments and brills and reasonable estimates thereof. The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Feder or state agency (including Lender if Lends is such an institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lends may not charge for so holding and applying the Funds, analyzing said account or vscs unless Lender ying and compiling said assessments and bills, pays Borrows interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender may agree in 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