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DEED OF TRUST 87-104238
<br />THIS DEED OF TRUST is me& this 1 OTH of JULY
<br />19_27 , among the TruMor, NORMA L . V , _
<br />(barein "Borrower "). AREND R. BAACK, ATTORNEY AT LAW
<br />(heron "Trustee"). and the Beneficiary, HOME FEDERAL SAYINGS i LOAN ASSOCIATION OF GRAND ISLAND NE
<br />a corponuiwt organised and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST P. O. BOX 1000
<br />GRM_W ISLAND, NE SM2 (herein-under").
<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 SIX (6), BLOCK ONE (1), IN SCHIMMERIS ADDITION TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />which has the address of 320 W. 12TH STREET GRAND ISLAND
<br />(STREET) (CITY)
<br />NEBRASKA 68801 (herein "Property Address ");
<br />(STATE R 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, ill 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 JULY 10, 1987
<br />(herein "Note"). intheprincipalsumof SEVEN THOUSAND THREE HUNDRED ELEVEN AND 38 100 ---- - - ---- 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 S. 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 />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 (Mein "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 Leader's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Leader covenant and agree as follows:
<br />1. Pywaiet et 1hLeipel ad Interest. Borrower stall promptly gay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, prepsyment 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. 1FaMs few Tasty aM Bssarem. Subject to applicable law or to a written waiver by Lerida, Borrower shall pay to lender on the day
<br />montlily installments of principal and iWAM are payable under the Note, until the Note is paid in full, a sum (herein "Funds") equal to one-
<br />twelfth of the yearly tam and assessments which may attain priority over this Dad of Trust, and ground rents on the Property, if any, plus one-
<br />twelfth of yearly Musa' metallmants for hazard insurance, plus one - twelfth of yearly premium installments for mortgage insurance, if any, all
<br />us reasonabily estimated inigially and from nine to time by Lender on the basis of assessments and bills and reasonable estimates theveof.
<br />The Funds shall be haNf is an institution the deposits or accounts of which ere insured or guaranteed by a Federal or state agency (including
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<br />Leader if Lender is such an Institution). Leader shall apply the Funds to pay said taxes, assessmews, insurance premiums and ground rents.
<br />Lender day not charge for so holding amt dying the Funds, analyzing said account or verifying and compiling said assessments and bilk,
<br />unless Lander pays Borrower interest on the Funds and applicable law permits Leader to snake such a charge. Hoff ower and Lender may agree in
<br />writizig at the time of execution of this Dead of Trust that interest on the Funds shall be paid to Bonrower, and unless such agreement is made or
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