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V 142381
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made this _ April
<br />19 82 amoagth*Trus1or,L. Gayle Hansen, unmarried, ve . orttan, unmarrrie ona a
<br />(herein "Borrower").. AREND R. QAACK ATTORNEY AT LAW 1 11 an
<br />(herein "Trustee "), and the Beneficiary, HOME FEDERAL SAVINGS i1 LOAN ASSOCIATION OF GRAND ISLAND NE
<br />a corporation organized and existing under the laws of NEBRASKA whose address is 241 SOUTH LOCUSTa P O SOX 1 ,
<br />811AND I AND. NE !M (heroin "Lender').
<br />BORROWER, In consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys 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 Eleven (11), Block One (1), in Knickrehm Third Addition to the City of
<br />Grand Island, Hall County, Nebraska.
<br />which has the address of 209 East 21st Street Grand Island, Nebraska
<br />Grand Island, Nebraska( 8101 (CITY)
<br />(STATE & ZIP CODE) - (herein "Property Address ");
<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 Lender to collect and apply such rents), royalties, mineral, oil and gas rights and
<br />Profits. water, water rights, and water stock, and all fixtures now or hereafter attached to the property, all of which, including replacements and
<br />additions thereto, shall be domed to be and remain a part of the property covered by this Deed of Trust; and all of the foregoing, 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 repayment of the indebtedness evidenced by borrower's note dated Aor i l 28 1987
<br />(herein "Note"), in the principal sum of Thirty Thousand and no/ 100-------------------------- - - - - -- Dollars
<br />with interest thereon, providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner
<br />and Payable on may 1 . 2017 the payment all other sums,
<br />paid, ums,
<br />with interest thereon, advanced m accordance herewith to Protect the security of this Deed of Trust; and the
<br />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 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 any declarations, easements or restrictions listed in a schedule of 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 />I• Ihyaos N Of Prindpsal and Interest. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, propayment and We 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• FOR6 hr Tam raM Imrsra. Subject to applicable law Of 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 Note is paid in full, a sum (herein "Funds ") equal to one-
<br />twelfth of the YewtY tames and assessments which may attain priority over this Deed of Trust, and ground rents on the Property, if any, plus one -
<br />twdRh of yearly premium irsWhneats for harard insurance, plus one - twelfth of yearly premium installments for mortgage insurance, if any, all
<br />is estimated d initially and from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funs shall be hall in an institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />IATAW if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessnte:its, insurance premiums and ground rents.
<br />1,ander "MY not charge for a holding sod applying the Funds, analyzing said account or verifying and compiling said assessments and hills,
<br />unless lArAcr Pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. borrower and Lender ma
<br />writing at the ttaw of execution of this Dxxd of' paid to Horrower,
<br />off that interest on the Funds shall be and unless such Y aacee i agrtrment is made or
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