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SECTION TWO (2), IN TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10), WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA. whicb has the address of 4040 WEST CAPITAL GRAND ISLAND (STREET) (CITY) NEBRASKA 68803 (herein "Property Address "); (SPATE & ZIP CODE) TOGETHER with all the improvements now or hereafter erected on the property. and all easements, rights. appurtenances. rants (abject however to the rights and authorities given Mein to Lender to collect and apply such rents), royalties, mineral, oil and gas rights and protits, water, wad rights, and water stock, and all fixtures now or hereafter attached to the property, all of which, including and additions tbereso, chap 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 leasehold) are herein referred to as the "Property' TO SECURE to Lander (s) the repaint of the indebtedness evidenced by Borrower's note dated APRIL 1 , 198? ( herein "Note ").in the principal sum of TEN THOUSANO AND NO/ 100--=-- ------- -- -- ------------ --- - -- __Dollars, with interest thereon, providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due and payable on AUGUST 1. 1987 the payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this Dad of Trust; and the performance of the covenants and agreements of Borrower !reran contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Linder pursuant to paragraph 21 hereof (herein "Future Advances"). Borrower covenants tot Borrower a lawfully seised of the state hereby conveyed and has the right to grant and convey the Property, dot the Property Is unencumbered, and that Borrower will warrant and defend generally the title to the Property against all claims and subject to any deduatiots, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy Jusaft 's interest. in the Property. COVENANTS. Borrower and fender covenant and sgroe as follows: 1. , ps"Not at 1*riselppl and Insersel. Borrower shall promptly pay when dare the principal of and interest on the indebtedness evidenced by the Noss, IpWgyment and lift dmM as provided in the Note, and the principal of and interest on any Future Advances secured by this Dad c�T7w. 2. Famb ftr Taws asp I Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day of ` principal and Interest are payable under the Note, wail the Noe is paid in full, a sum (herein "Funds ") equal to one- twelft yearly taxes and ausessments whM may attain priority over this Dad of Trust, and ground rents on the Property, if any. plus one- of ysnly promiton installments for bused Insurance, pus ous- twelfth of yearly premium installments for mortgage insurances. if tiny, all as and from twsto thou by Looda on the be= of asseepmem and bft and ressomble estimates thereof. . Ties Foods sW be held in an " institution the or accounts of whch we insured or guaranteed by a Federal or state agency (including Lander if Lender Is such an ). I.Andar sly apply the Funds to pay said taxes, assessments, instance premiums and !round rents. Lender may not charge for so boon and applying the Funds, analytftg said account or verifying and compiling said assessments and bills. unless Leader pays Barrowet interest on the Funds and opplicable law permits Lender to make such a charge. Borrower and Lender may Kra in writing at the of mention of this Deed of Trust that interest on the Fund shall be paid to Borrower, and unless such agreement is made or