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87--- 103396
<br />DEED OF TRUST
<br />THIS _01.ED OF TRUST is made this 5th day of June
<br />1 m " theT r Edward D. Brokaw & Ida G. Brokaw, husband & wife as Joint
<br />tai fit sh "t o>sis'v s
<br />nat: ae s ,>=e w -- P a (herein "Borrower "), Firdlier Bank, National Association,
<br />Omaha, Nebraska, (herein "Trustee "), and Beneficiary, Firdner Bank, National Association, Omaha, Nebraska, a
<br />corporation organized and existing under the laws of The United States of America, whose address is 1740
<br />Famam Street, Omaha, Nebraska, 68142 -2183 (herein "Lander").
<br />BURROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably
<br />grants and conveysto Trustee, in trust, with power of sale, the following described property located in the County
<br />of , State of Nebraska:
<br />Lot Four (4), Block Two (2), West Bel Air Addition to the City
<br />of Grand Island, Hall County, Nebraska.
<br />Subject to Mortgage of Record to First Federal Savings and
<br />Loan in the amount of $25,000.00, filed as Document 1x78- 005111
<br />on August 11, 1978 in Hall County, Nebraska.
<br />which has the address of 1803 South Garland Grand Island
<br />(ft-0 01y)
<br />Nebr&ska 66803 (herein "Property Address ");
<br />ON" rw Lp codtl
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights,
<br />appurtenances, rents (subject however to the rights and authorities given herein to Lender to collect and apply
<br />such rents), royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and all fixtures
<br />now or hereafter attached to the property, all of which, including replacements and additions thereto, shall be
<br />deemed to be and remain a part of the property covered by this Deed of Trust; and all of the foregoing, together
<br />with said properly (or the leasehold estate if this Deed of Trust is on a leashold) are herein referred to as the
<br />",Property„;
<br />TO SECURE to LENDER (a) the repayment of the indebtedness evidenced by Borrower's note dated
<br />June 5, 1987 (herein "Note "), in the principal sum of Fifteen thousand and no/100--
<br />Dollars, with interest thereon, providing for monthly installments
<br />of principal and interest with the balance of the indebtedness, if not sooner paid, due and payable on .
<br />won cancellation ; the payment of all other sums, with interest thereon, advanced
<br />in accordance herewith to protect the security of this Deed of Trust and the performance of the covenants and
<br />agreefttlnb of Borrower herein contained; and all renewals, extensions and modifications thereof; and (b) the
<br />repaymetitof any future advances, with interest In thereon, madeto Borrower by Lender pursuant to paragraph 21
<br />hereof (herein "Future Advances ").
<br />BORROWER covenants that Borrower is lawfully seized of the estate hereby conveyed and has the right to
<br />grant and convey the Property, that the Property is unencumbered, and that Borrower wi4 warr,4nt,a d stand
<br />genwslty the title to the Property against all claims and demands, subject to any declaratioitiirrli is or
<br />restrictions tisled in a schedule of exceptions to coverage in any title insurance policy insuring Lender's intotest
<br />in the Property
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