|
L
<br />t
<br />DEED OF TRUST 87-.. 102419
<br />THIS DEED OF TRUST is made this 23rd
<br />19�Q7,a — d� f April
<br />mongtheTrustor, Ronald F. Beck and Georgia — . Bec[ , Husban an i e
<br />(herein "Borrower "), Al— R, ®RACK, ATTORNEY AT
<br />(herein "Trustee "), and the Beneficiary, HOME FEDERAL SAVINGS i 4 LOAN ASSOCIATION OF QRAND LAND, NE
<br />a corporation organic and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUBT P. O. BOX NE
<br />QAAND I�.AND NE �f102 (herein "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
<br />State of Nebraska:
<br />LOT NINE (9), BLOCK THREE (3), COLONIAL ESTATES SUBDIVISION, HALL COUNTY,
<br />NEBRASKA.
<br />which has the address of 2912 WEST HANCOCK PLACE GRAND ISLAND,
<br />NEBRASKA
<br />(STREET) (CITY)
<br />66803
<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, ail of which, including replacements and
<br />additions thereto, shall be darned to be and remain a part of the property covered by this Deed of Trust and all of the foregoing, together with
<br />�d Property (°r 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 j, 1 oa7
<br />(herein "Note "), in the principal sum of �pR TI �tpls nn
<br />with interest thereon, providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner Dollars,
<br />and payable em
<br />paid, due
<br />with interest thereon, advanced in accordance herewith to protect the security of this Dad of Trust and the 'the payment he all other sums,
<br />agreements of Borrower herein contained; and (b) the repayment of any future advances, with interest thereon, made o Borrower by Lender
<br />pursuant to paragraph 21 hereof (herein "Future Advances ").
<br />Borrower covenants that Borrower is lawfully scaised 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 Leader's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1' days of PerhK/v sad tam. Borrower shall roe tl
<br />by the Not Y pay when due the principal of and interest on the indebtedness evidenced
<br />prepayment and late charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Dad
<br />Of Treat.
<br />X, Frivift for Tttaaa raced Iuauaaee. Subject to applicable law or to a written waiver by Lender. Borrower shall
<br />morithly
<br />pay to Lender on
<br />al the day
<br />installments of principal and {merest are Payable under the Note, until the Note is
<br />twelfth of the yearly taxes and is which may attain Paid in full, a sum (herein "Funds") equal to one-
<br />twelfth of
<br />� Y priority over this Deed of Tat, and ground rents on the Property, if any, plus one-
<br />twelfth premium installments for hazard insurance, Plus one- twelfth of yearly premium installments for mortgage insurance, 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 />Leader if Leger is such an institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents.
<br />Lender may nog charge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and hills,
<br />unless '-ender Pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. sea: rower and tender ntay
<br />writing ere the time of execution of this Deed of T'ruti that interest on the Funds shall be paid to Horr°wer, and unless such �
<br />agree in
<br />agreement is made or
<br />
|