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DEED OF 'TRUST 87- 104318
<br />THIS DEED OF TRUST is made this 15th — daY of . J 1
<br />lF ,atnottgtlwTeor, EDWARD L. a ARQA,ARR&LARA R TANDA HUSBAND AND WIFE m
<br />( "1. ANENO R. ®RACK ATTORNEY AT LAW
<br />Oweia "Trustee"), and the Beneficiary. HAMS FBDIIML "yimm i LOAN A904CIAT1ON OF QRANA ISLAMA MR
<br />a ; and abating under the laws of RA�(A whose address is _ 1 SOUTH LOCUST. P. 0. M 10"
<br />MLM MR. ( herein "i.endwu).
<br />BORROWER, in covaiderallort 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 />PARCEL 1: LOT FIVE (5) AND THE NORTHERLY TWENTY EIGHT (28) FEET OF LOT FOUR (4),
<br />BLOCK SEVEN (7), IN PACKER AND BARRIS ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />PARCEL 2: LOT FIVE (5), BLOCK FIFTEEN (15), IN PACKER AND BARR'S ADDITION TO THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />which has the address of 324 NORTH WHITE AND 524 NORTH WHITE GRAND ISLAND,
<br />(STREET) (CITY)
<br />NEBRASKA 68801 (herein "Property Address ");
<br />(STATE A 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 qy Borrower's note dated
<br />JULY 15, 1987
<br />(Iswdn "Note "),in the principal sum of TWENTY THOUSAND AND 00/ 100 ------------------------ - - - - -- Dollars,
<br />with interest thereon, providiu� for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />and payableom OCTOBER 15, 1990 the
<br />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 wised of the estate hereby conveyed and has the right to grant and convey the Property,
<br />that ON Property is unencumbered, mbered, and that Borrower will warrant and defend generally the title to the Property against all claims and
<br />drsmands, subject to any declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />Insuring Lestelw's 1Mereu in the Property.
<br />UNIFORM COVENANTS. Borrower and Leader covenant and agree as follows: `� V
<br />1. VINOW1 M ]hlaels tW tnlaeM. 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 />I. FWs hr Taw aN linsairsisies. Subject to applicable law or to a written waiver by Lender. Borrower shall pay to Lender on the day
<br />MOW lasudisaimb of ptitwipal and interest as payable under the Note, until the Note is paid in full, a sum (herein "Funds ") equal to one•
<br />twdft of the yearly NuNs and Mesaments which may attain priority over this Deets of Truss, and ground rents on the Property, if any, plus one-
<br />twaft premium histaftems for howd insurance, plus one - twelfth of yearly premium installments for mortgage insurancs, if any, all
<br />M iRkWIY send from time to time by Lander on the basis of Assessments and bills and reasonable estimates thereof.
<br />The Funds slash be MM 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). Lavdw shall apply the Funds to pay said taxes, assessments, insurance
<br />premiums and ground rents. ,
<br />Lender may uat charge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and hills. („
<br />psys Borrower cater on the Funele and applicable law permits Lender to make such a charge, Borrower and 1 ender may agree in
<br />writing at the fimofexwutWn of this Doed of Trust that interest ore the Funds shall be paid to Iktxrower, anu unless such agreement is made or
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