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THIS DEED OF TRUST is made this T
<br />19..._ -87 , among the Ttustor, Maxfield G
<br />(herein "Borrower'•),
<br />a
<br />DIEFD OF TRUST
<br />3rd
<br />87-- 103373
<br />of June
<br />,n. Husbana an 1 e --
<br />AT
<br />--- -
<br />(herein •Trustce "y, and the Beneficiary, HOME FEDERAL SAVINGS #LOAN ASSOCIATION OF ©RAND ISLAND NE _
<br />a corporation organized and axisting under the laws of NEBRASKA whose address is 221 SOUTH LOCUST, P. O. BOX 1009,
<br />O_RAND IUAND, NE SIM (herein "Lender "). .
<br />BORROWER, in consideration of the ind abtedness herein recited and the trust herein created, i evocably grants and conveys to Trustee,
<br />in trust, with power of sale, the following described property located in the County of Haly
<br />State Of Nebraska-
<br />Lot Four (4), Block Five (5), in Morris Fourth Addition to the
<br />City of Brand Island, Hall County, Nebraska.
<br />which has the address of 107 E. 20th Street Grand Island,
<br />(STREET) (CITY)
<br />Nebraska 68801
<br />(herein "Property Address "):
<br />(STATE B 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 />profits, water, water rights, and Rater 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 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 7 _
<br />(bitrein "Note "), in the principal sum of Seven Thousand, seven Hundred Thirty five an ----- --L,,OILus,
<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 25, 1994
<br />the payment of all other sutras,
<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 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 t"M r....^" v enant a:.d agree as , -flows:
<br />1. Paymamt of Prhsdpd sad Interal. 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. Panic for Tantm mA Itwraane. Subject to applicable law or to a written waiver by Lender, Borrower shell 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 taxes 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 tine 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 />Lander it Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents.
<br />Loner 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. 8cr rower and Lender may agree in
<br />writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made of
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