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7-, 103507
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made this 15th day of _ June
<br />19 87,amongtheTrustor, Donald . Wirthand enisee -- Wirth, Husband and Wife - - - - - -- -
<br />(herein "Borrower "), AREND R. BA.ACK ATTORNEY AT LAW
<br />(herein "Trustee "), and the Beneficiary, HOME FEDERAL SAVINGS dr LOAN ASSOCIATION OF GRAND ISLAND NE
<br />a corporation organized and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST P. 0. BOX 1009,
<br />GRAND ISLAND. NE 111111110 (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 />State of Nebraska:
<br />Lot Twenty (20) in Cap:u.tal_ Heights Sixth Subdivision, being a part
<br />of the Southwest Quarter (SW k) of Section Two (2), Township Eleven
<br />(11) North Range Ten (10) West of the 6th P.M., Hall County,
<br />Nebraska.
<br />which has the address of 2822 Dallas Street Grand Island
<br />(STREET) (CITY)
<br />Nphragka FRR03 -(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 June 15, 1987
<br />(herein "Note"), in the principal sum of Sixty Thousand and no/ 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, 2002 ; 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. Payment of Fttraipat and Iatemt. 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 heed
<br />of Trust.
<br />2. Fun& for Tana sad Irarance. 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 assesantents 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 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 he paid to Borrower, and unless such agreement is made or
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