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<br />DEED OF TRUST 87-103451
<br />THIS DEED OF TRUST is made this Bth day of J Ware
<br />ig- 117 — ,among the Truster, i tnyd Q, 7iQler and Kar n '01 -r, Husband and Wife
<br />( herein "Borrower '.),_ AREND R. BAAOK, ATTORNEY AT LAW
<br />(herein "Trustee"), and the Beneficiary, HOME FEDERAL SAVINGS A LOAN ASSOCIATION OF GRAND ISLAND NE
<br />a corporatir,s organized and existing under the haws of NPBRASKA whose address is 211 SOUTH LOCUST, P. O. BOX Me,
<br />Y GRAND ISLAND, NE SIM (herein "Lender ").
<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 Hall
<br />Sbuc of Nebraska:
<br />Lot Two (2), John and Marie's Subdivision, an Addition to the City
<br />of Grand Island, Hall County, Nebraska; and part of the Northwest
<br />Quarter of the Southwest Quarter (NWkSW4) of Section Twenty One (21),
<br />Township Eleven (11) North, Range Nine (9) West of the 6th P.M.,
<br />Hall County, Nebraska, more particularly described as Lake Front .
<br />Tract 2C, a Lake Front Tract Abutting Brach's Lake and Identified
<br />on a plat of John and Marie's Subdivision, dated January 7, 1976
<br />and filed of record February 20, 1976, as 0Dcument Number 76- 000824
<br />in the official records of the Hall Count; Register of Deeds,
<br />which has the address of 2104 Barbara Grand Island
<br />(STREET) (CITY)
<br />Nebraska 66803
<br />(STATE & ZIP CODE) (herein "Property Address ");
<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 Dad 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 June 8, 1987
<br />(herein "Note "),in the principal stun of Eleven Thousand, Eight Hundred Three and 201100 -------- --- flonars,
<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 June 20. 1997 ; 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 />agireements 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 uncncumbet , 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 Leader covenant and agree as follows:
<br />I. Fgettueat of Pr aui Iatesaaa1. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, prepayment and lute charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />of True.
<br />8. haste a for Tom and Itwntsee. 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 taxes and assessments which may attain priority over this Deed of Trust, and ground rents an the Property, if soy, plus am,
<br />twelfth of yearly prvinkim installments for hagard 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 PmKIs shag bee held in an institution the deposits or accounts of which arc insured or guaranteed by a Federal or state agency (including
<br />Lerida if Lander is such an institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents.
<br />Lzadw may not charge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and bills,
<br />110140" Lender pays Borrower interest on the Furls and applicable law permits (.ender to make such a charge. Borrower and Lend" may agree in
<br />wfhirtit 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
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