|
r—
<br />DEED OF TRUST Q�— y n Q A N 9
<br />THIS DEED OF TRUST is rd (hi 5th da of June
<br />19 87,amongtheTrustor, tric�� . e an an ary a an, Nusband and -UItM ---- _- - - --
<br />(herein "Borrower "), AREND f1. BAACK, ATTORNEY AT LAN
<br />(herein "Trustee "), and the Beneficiary, HOME FEDERAL SAVINGS t 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 />GfIAND ISLAND, NE 68!02 (herein "Lender ").
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein crTaef irrevocably grants and conveys to Trustee,
<br />intrust, with power of sale, the following descriLed property located in the County of
<br />State of Nebraska:
<br />Lot Five (5), Centennial Gardens Subdivision, in the City of
<br />Grand Island, Hall County, Nebraska.
<br />which has the address of 2405 North Wheeler Grand-Island,
<br />(STREET) (CITY)
<br />Nebraska 66801 (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 />profits, 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 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 Tune 5. 1987
<br />(herein "Note "), in the principal sum of _F i ft* nno Thni iaand, Five Hundred and nn/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, 201 "7 ; 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 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 and Lender covenant and agree as follows:
<br />1. Payraeal of Principal and Interest. 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. Feria for Trine and lammaee. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day
<br />monthly imaillmenu 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 instailrnents 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 />Lender 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 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 execution of this Deed of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made or
<br />
|