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DEED OF TRUST 87- 103206 T ill OFTPLLSTisma4it?on .< ............... 3. ...... .................. .......187..,. T=rre Trustor. is ..... Fred W. Rauch and .!!A �t . - . , Rauch ...... , . , . ....... rdWa i�:tc>x�e. - T 18 .iritiliam G. Blackburn- Attorney at Laws T; (s Sohn Clau ....... . - a/Wa Lender. s address is. qjo. Rex Rollstint 819 West Oklahoma. Grath Island, NE 68801 grabbler irr000mft convap to Trtistse. in That with payer of sale, the Wowing Lot Three (3), Claussen Brothers Subdivision, in the City of Grand Island, Nebraska This deed of trust is subject to a mortgage in favor of Equitable Building and Loan Association of Grand Island executed by trustor on junp.1it , 1987. Together wdh atl the rents and praists ttteretrom and subject to easements and restrictions of record if any. sonowsr owe- Lander, S'. - - .. 10 ,,400 evidenced by Soroweds note of even deft PayabN a to the tortes refract That $fpRity hrwnenant sarsres to Lander the debt evidenced by said notik the payment of 1111 new UMM with inhrfat. advanced under the pror4iae heri7OW is Preto" She faainty, and brie n.rronmancy of Borrowees covenants and agreOnaernla Bbrrowwtsnw+anbsuet Borro+rfr rlawfirayr asilfd of srndnrant estate and hwaattse logo, powerandiaihrhsutlsorMlr t000rtwfy ter some and w a:arsia and rini dehrd five ins the ,idol aabete sooner the lawful Ci11irns of aft peraana BORROWER AND LENDER AGREE AS FOLLOWS: I- Borrower sh@0 pay wfea duo. rte Principal and internal 11e Provided in said note. 2 AN payn oats recaeoW of LmxW step be rrst applied to adances ,which may have bean abaft by Lander and then to interest dos and rest to principal due, 3 Boerosor Shall pay a *QartMar MOM eetersUWAsat "OCWaw/fth*r4$*WW this property billion Do ssam reonte dolimusnt E It Lander del namss that awry pan d the property r subinu to A rife. w^..en d or MAW aRgie priorltf bills Oft facbrky instrurnorwL Lander +orft 9h is Borrower a no6io11 idworyng ee son and Borrower shall astiaty the San - Oil 10 days. Buyer step heap the iawpeowaaeraa on plaint PrsimwMa eesaed against Was by fire and hazards ittdiidied - Obbt il#f tint —ended+ rowan ape' Nxnei► iewrfbie+reiwrardpplciasfertt+a side, aha0 i+wyadaa standetd mortpepactewf aitowrinpfrndor give" In avow 01"ift R not prompft "I tryeo rroww bowannCruosrdsshMbeappSedto raefaatipn or repair d the property damp" union bath parotid otherwise spree. "Cmx S tagwow of beget 3s not economically ffasibiis at Le~z secsrSy is scot lesiened. otrerwise said PfmWift she11 be Paid on Me 6M herlkt whether or not than dus. tkftm Landes and Borrower othwwin agraf in wiltina any Paynernts Of Proceeds bran ken WM OW net 44OW or postpone the due dater of the wwonriny P"Millf is Piowdld in slid note, or Change the aanount of the p yraer" ft tf Borevera tale to posorm the covens and agreements harsun contained, Lander they do and flay for whatfwa Is n oessay lo aoenet tte.a', d Ma property and Liender`s rights in use pmosrllt M+dudi ng ter paying of an asap ssCYr d Will ken hint has Priority over the security instrunee L spooning in Court paying reasonable attorney feaa and entering the property to mom rfpaira Arty arnosu# disbursed by Lander under this pwwwh shall bfeaae an addWornal debt of Borrower secured by finis security irmlinroont. to beer swevi!!t,rare the date of Onbutsionlyint and said amourn. Mg it er with the tin rwnpeid PwrncipM amdwnt aheS boor iaarast at de 1i91nest iawtua rate until refunded by Borrower T. Tie proceeds of any corndamrnation award we hereby assigned and shall be paid to Lander and shell be eenpSed to the sums "cured by Oft security ontnenenL whathes of not then duo, with any excess paid to Barowar tt low granted byLerwer toanysuccesswinuuarastofaortorfrafeSreoboperate iorolown"A bah of Misonginki Borrower or Borrowees successors in interest Any forbearance by Lander in =is C' if any right Or ►ems* 0110111 not be a wive, of or predudf the exercise of arty not or nxnady. 4 Any roltt+ �eer�edsns�sere# shstitwegflrenbyfl�wasetrt €etmy?ustC� rya unison Nsbtatlna Lan requirse use d another .ethoiL at the Borrower's last known address 10 Thin security iretrlifera aid the nets which it sections free be gaan~d by Nebraska Law. tt, Lends, idea gins nwo1 , to Borrower following Sonowsee breath of any covenant or agreement in this security apnwMMnt and fe Waif wranctn a secu m Tie rworiaa ahl11 soerafy tat ue dotmK (b) ttse action rsqubW to cl" the dstouit (C) e doe not froo then 3D degafwonn theds4f Mamma a gn ion to Borrower by which the detaulf mist he cuted.srd4401011 totura to awe "in dafawS ws or brd'Ora ter dsfn soeeffied in the notice n ry daunt in acceleration of the sum secured by thin security agnffmant and,wale of fee omparty. The notice shoe tirriter uddrm Bowoo* at the right to ronstata, after scsaNrsLon, and the right to brW4 a each action to a~ the nonsidatonce d a d"A or any other defense of Borrower to acceferatim and sae. if detaultRnoteurad ,anti,halone.afdefaCi 10e1inth en otice, Lonnder.a titsoptionmaygquinaimmediatePaym entinfull orall awe secured tyy this 8earrMy praarsent willh ut hin_tw demand and may +*woke the Power of sale and" other remedies Permuted by Nebraska Low Lander ehrs be entitled two mittt as expenses incurred in pursuing the remedies Provided in this pNfgraph UPiclutang but not Novi ad to a rafeonanee rFVO"Wr rata and casts of tnb evidence �~ 3102 'w" ;as PAGE i of 7 PAGES t'iaea a.r�,