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DEED OF TRUST 87-- 101893
<br />THIS DEED OF TRUST is made this _ 1st day of April
<br />i 14_ 87 amongtheTrustor, JEBOME F LYONS AND JERRII YNN K . LYON52. HUSBAND AND WIFE _
<br />( herein "Sorrowr" ), AREND R. SAACK ATTORNEY AT LAW
<br />(herein "Trustee "). and the Beneficiary, HOME FEDERAL SAVINGS a LOAN ASSOCIATION OF GRAND ISLAND, NE
<br />a corporation organized and existing under the laws of NEBRASKA whose address is 221 SOUTFI LOCUST P. O BOX 100Y,
<br />GRAND ISLAND, NE 6811102 (herein "Lender ").
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein led irrevocably grants and conveys to Tree,
<br />in trust, with power of sale, the following described property located in the County of
<br />State of Nebraska:
<br />SOUTHERLY THIRTY SIX (36) FEET OF LOT NINE (9), AND THE NORTHERLY TWENTY FOUR
<br />(24) FEET OF LOT ELEVEN (11), BLOCK TWENTY FOUR (24), UNIVERSITY PLACE, AN
<br />ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />which has the address of 1912 N. CUSTER GRAND ISLAND
<br />(STREET) (Crm
<br />NEBRASKA 68803 thn.:n "Property Address'•);
<br />(STATE & ZIP CODE)
<br />TOGETHER with all the improvements now or hereafter ere
<br />aed on the property, and all easements, rights, appurtenaaar, rents
<br />(subject however to the rights and authorities given herein to Lender to collect and apply such rents), royalties, mineral, oil and gas ntghts and
<br />Profits. water, water rights, and water stock, and all fixtures now or hereafter attached to the property, ail of which, including replace and
<br />additions thereto, shall be deemed to be and remain a part of the prcpaty covered by this Deed of Trust; and all of the furegoing, together with
<br />said property (or the leasehold estate if this Deed of Trust is on a leasehold) are herein referred to as the "Property";
<br />TO SECURE to Lender (a) the repaymen*_ of the indebtedness evidenced by Borrower's note dated n PR II c 1 , If QR7
<br />"Note "), in the principal sum of Tt,tn THOUSAND UP= -nAllf -30/1 iQ Dollars,
<br />with interest thereon, providing for monUtly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />and payable on APRIL 1 S 1990 ; the payment of all other stets
<br />with interest thereon, advanced in accordance herewith to protect the security of this Deed of Trt--q; and the performance of the covenants and
<br />agreements of Borrower berein 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 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 anv declarations_ erlcm�mrs ,, , . r �,�a
<br />- _ - _..- .- .- .. -._ •=�Y � a 3i�i u`ucc z}a 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 Deed
<br />of Trust.
<br />2. fta& for Tau" nerd Insarance, Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day
<br />monthly installments of principal and interest are payable under the Note, until the Now is paid in full, a sum (herein "Funds ") equal to one -
<br />twelfth or the yearly taxes and assessments which may attain priority over this Deed of Trust, and ground rents on the Property, if any, plus one -
<br />twelfth of yearly premium installments for hazard insurance, plus one- twelfth of yearly premium installmems for mortgage insttrance, if any. all
<br />as reasonably estimated initially and from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />Lender if Lender 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 />unless Lender pays 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 peed of Trust that interest oil the Funds shall be paid to Borrower, and unless such agreement is made or
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