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<br />DEED QFTRUST 87- 102446
<br />THIS DEED OF TRUST is made this _ 24TH
<br />19_m_ among theTrstor, FORGF F D tn Fy a&i
<br />h day of APRIL
<br />(herein "gam .) EY
<br />Husband and Wifa _
<br />AREND R. BMCK�ATTORNEY AT LAW
<br />Ow
<br />cin'. a ft„ )' acid the Beieficiary. HOME FEDERAL SAV1fVQS - LOAN ASSOCfAT1ON OR GRAND ISLAND NE
<br />A �rporatioii eehNnized and existing uttder the kwt of NE� S�_whose address is 221 SOUTH LOCUST P. O. SOX 1009
<br />QMND ISLAND NE W N (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 HALL
<br />State of Nebraska:
<br />A TRACT OF LAND COMPRISING THE EASTERLY NINETY THREE AND FIVE TENTHS (93.5) FEET
<br />OF LOTS THIRTEEN (13) AND FIFTEEN (15) OF BLOCK FIVE (5) UNIVERSITY PLACE, AN AD-
<br />DITION T01 THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />which has the address of 2304 N SHERIDAPJ CRAND ISLAND
<br />(STREET) (C1Tl�
<br />--- __NEBRASKA 6880
<br />(STATE A ZIP (:ODE)
<br />(herein "Property Address ");
<br />TOOETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents
<br />(subim 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 futures now or hereafter attached to the property, all of which, including replacements and
<br />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
<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 APRIL 24, 1987
<br />(herein "Note "), in the principal sum of EIGHT THOUSAND ONE HUNDRED FIVE AND 761 100 - --
<br />with interest thereon, providing for monthly installments of principal ----- - - - - -= Dollars,
<br />and Payable on APRTI 10 1990 p 1ia1 and interest, with the balance of the indebtedness, if not sooner paid, due
<br />with interest thereon. advanced in accordance herewith to protect the security f this Deed of Trust; and the the payment of all other sums,
<br />agreanents of Borrower herein contained; and y performance of the covenants and
<br />(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 />dadrtds' subject to any declarations, easements or restrictions listed in a schedule of exceptions to coverage
<br />insuring Lender's interest in the Property, erage in any title insurance policy
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />" P23"assill Of Prfaelp! tad In-, - . Borrower shall
<br />� � Note promptly pay when due the principal of and interest on the indebtedness evidenced
<br />lei aymtut and late charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Dad
<br />Of Trust.
<br />Z. Fusels for Tiotes pd hwwmla. Subject to applicable law or to a written waiver by Lender, Borrower shall
<br />nw thfy of Principal and interest are payable under the Note, until the Note is Pay to Lender al the day
<br />twirifth of theyearly taxes and assessments which may attain paid in full, a sum (herein "Funds") equal to one -
<br />Y priority over this Deed of Trust, and ground rents on the Property, if any, plus one -
<br />tweihh of yearly Premium inuAllments for hoard insurance, plus one - twelfth of yearly premium installments for mortgage insurance, if any, all
<br />is gasmublY estimated initially and from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shell 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 />Leander "my not charge for to holding and applying the Funds, analyzing said account or verifying and compiling said assessments and hills,
<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 Dad of Trust that interest nn the Funds shall be paid to Borrower, and unless such agreement is made or
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