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-�7-86QX
<br />DEED OF TRUST
<br />87-
<br />THIS DEED OF TRUST is made th . LnO _ day of -_ june
<br />(9_82_,arnongtheTrusw. Kenneth E. iNySflhueser and Caryl J Nienhueser, Husband and LUife
<br />CMI'm „ewerl% ARENO R. RALACK, ATTORNEY AT LAW
<br />( ftndn "Tivstee "), and the Beneficiary, HOME FEDERAL SAVINGS i LOAN ASSOCIATION OF GRAND ISLAND, NE
<br />a corporation organized and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST, P. O. BOX 1008
<br />BRAND ISLAND, HE MM (herein "Leerier")
<br />BORROWER, in .consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee,
<br />m trust, with power of sale, the following desxibed property located in the County of Hall
<br />state of Nebraska:
<br />LOT FILE (5), SANDY BEACH SUBDIVISION, IN HALL COUNTY, NEBRASKA
<br />which has the address of— 2319 East Stoiley Park Road Crand Island
<br />(STREET)
<br />Nebraska 68801 _(herein "Property Address ");
<br />(STATE & 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 Lender to collect and apply such rents), royalties, mineral, oil and gas rights and
<br />MOM&. 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 deemed to be and remain a pact 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 an 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 June 2. 1987
<br />(herein "Note"), in the principal sum of Sixty Five Thousand Seven Hundred and 00/100 ------ - - - - -- Dollars,
<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 July 1. 2017 ; the payment of all other sums,
<br />with interest thereon, advanced m 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 />t hat 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 except:ons 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. Fay—M of Ptial and Interest. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, prepayment and We charges as provided to the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />of Trust.
<br />2. Fwm& for Txus W IInwrttsace. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day
<br />monthly installments 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 yearly taus and assessments which may attain priority over this Deed of Trust, and ground rents on the Property, if any, plus one-
<br />twelfth of yearly 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 Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground 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 Lander 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 ehall be paid to Borrower, and unless such agreement is made or
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