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DEED OF TRUST $7- 1032082
<br />'x':115 DEED OF TRUST is made this 20th - May
<br />iS; 61 amon;stheTrustor, NORMAN A. WEAf< -AND dayy�fa1 -
<br />AND JEANNETTE E. WEAKL.ND, Husban an e
<br />(heron "Borrower "), AREND R. RAA--K ATTORNEY AT LAW
<br />(herein "Trustee "), and the Beneficiary, HOME FEDERAL SAVINGS t LOAN ASSOCIATION OF BRAND ISLAND. NE
<br />a corporation organized and existing under the laws of NEBRASKA whose address is_ 221 SOUTH LOCUST, P. O. BOX 1089
<br />BRAND ISLAND. NE SM (herein "Leader „)
<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 THREE (3), IN ED ROSS SUBDIVISION NO. 2, IN THE NE 1/4 OF SECTION 2, TOWNSHIP it
<br />NORTH, RANGE 10 WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA.
<br />which has the address of 4035 Airport Road Grand Island,
<br />(STREET) (CITY)
<br />Nebraska 68803 (herein "Property Address");
<br />(STATE A ZIP CODE)
<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 Lerida 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 />adelitions 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 May 20, 1987
<br />(herein "Note"), in the principal sum of FIFTEEN THOUSAND AND NO/ 100----------------- --- - - - - -- --Dos
<br />with interest thereon, providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />and payable on - May 27, 1994 ; the payment of all other sums,
<br />with interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the 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 dedtrations, 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 Lander covenant and agree as follows:
<br />I. P*Meat of Prat cad Imo. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, Prepayment and late 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. Faimb for Taal std Iris sere. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day
<br />monthly installments of pciacipaf and interest are payable under the Note, until the Note is paid in full, a sum
<br />(herein "Funds") equal to one -
<br />twelfth of the yearly taxes and assessments which may attain priority over this Dad of Trust, and ground rents on the Property, if any, plus one -
<br />twe ftb of yearly premium installments for hazard insurance, plus one - twelfth of yearly premium installments for mortgage insurance, if a,.y, 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 aae— ;,ncl. iding
<br />Lander if Lender is such an instituti(m). Loder shall apply the Funds to pay said taxes, assessments, insurance premiums and grand rents.
<br />Lender may not charge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and bills,
<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 a imution of this Dad of Trust that interest an the Funds shall be paid to Borrower, cnd unless such agreement is made or
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