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<br />DEED OF TRUST 87--- 102660
<br />THIS DEED OF TRUST is made this 5th (era
<br />19- — amongtheTrustor, DANIEL H. LAKES AND GRETCHEN D. S; of an an wi t=
<br />(�`an "Honshu") ")' AREND R. BMCK ATTORNEY AT LAW
<br />(Theresa "True « ")' and the Beneficiary, HOME FEDERAL SAVINQS d LOAN ASSOCIATION OF (;RAND ISLAND NE
<br />a ins+ arid existing utnier the laws of- _ whose address is 221 SOUTH LOCUST P. O. BOX 1009
<br />_GRAND ISLAND. N_E SW2 (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: HAI I
<br />LOT TWENTY FOUR (24), IN BLOCK FOUR (4), IN R =PLAT OF RIVERSIDE ACRES, AN ADDITION
<br />TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />which has the address of
<br />and
<br />Nebraska 68801
<br />(STATE A ZIP CODE) (herein ' • Property Address ");
<br />TOGETHER with all the improvemems 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 donned to be and remain a part of the property covered by this Dad of Trust-, and all of the foregoing, together with
<br />said Property (or the leasehold estate if this Dad 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 May 5, 1987
<br />(herein "Note"). in the principal sum of NINETY SIX THOUSAND AVD iVO /I00 ------------------ with interest thereon, providing for monthly installments of Principal - 'Dollars,
<br />and Payable on June l 2Q02 P pal 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 of this Decd of Trust, the Payment of all other sums,
<br />agraments of Borrower herein contained; and p y performance of the covenants and
<br />(b) the rc s,,). eras 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- PSYMM of PrIscittad and iaterest. Borrower shall
<br />�` tfte Nate, PrcPaytnnht and late char promptly Pay when due the principal of and interest on the indebtedness evidenced
<br />!fn as provided m the Note, and the Principal of and interest on any Future Advances secured by this Decd
<br />of Trust -
<br />L Fast for Tom rM dswa.oe. Subject to
<br />applicable law or to a written waiver by Lender, Borrower shall pay to Linder on the day
<br />mthly inuaHmmts 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 yoady taxes and assessments which may attain priority over this Decd of Trust, and ground rents on the Property, if any, plus one -
<br />twelfth of yearly Premium installments for hazard insurance,
<br />As rViRSOMMY estimated initially and from time to time Plus one- twelfth of yearly Premium installments for mortgage insurance, i f any, all
<br />by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The i L be held m an institution n , the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />Lender if Linder is such an institution), d &PPr shall apply the Funds to pay said taxes, assessments, insurance Premiums and ground rents.
<br />Lender may not urge for i terest o 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 Deed of Trust that interest on the Funds shall be pail to Borrower, and unless such agreement is made m
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