|
DEED OF TRUST 87- 104329
<br />THIS DEED OF TRUST is t s 21 'ST of JULY AN
<br />r AR tND R. BM K ATTORNEY AT W
<br />"Trustee "). and the Bearficlary, M0111AE FERM SAVINGS A LOAN 6MOl31ATION RAND MA140. 1
<br />a corporation organized and saisting under the laws of NEIRASKA whose address is M SOUTH LOCUST. P. 0. BOX 1000.
<br />WAND MANO. ME "M (heron "Lander" ),
<br />BORROWER, Inconsideration 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 deuribed property located in the County of HALL
<br />Sane of Nebraska:
<br />LOT TWENTY FIVE (25), ARGO FOURTH SUBDIVISION, IN THE VILLAGE OF ALDA, HALL COUNTY,
<br />NEBRASKA.
<br />which has the address of #25 VENUS, ALDA,
<br />(STREET) (CITY)
<br />NEBRASKA 66810 -(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 Cixtures now or hereafter attached to the property, all of which, including replacements and
<br />actions thereto, shall be deemed to be and remain a part of the property covered by this Decd of Trust; and all of the foregoing, together with
<br />said property (or the lasehoW 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 7/21/87
<br />(herein "Note "),in the principal sum of FIVE THOUSAND FOUR HUNDRED EIGHT AND 68 100 ------- - - - - -- 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 paw on AUGUST 5, 1990 ; 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 arty declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />insuring Lender's bd~ in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Psymanet of Principal and island. 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 />dNTtwR.
<br />2. Fade for Tattse and tnanaoe. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day
<br />monthly hunalliments dN principal and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds ") equal to one -
<br />twtlft of tlee yearly taxer sod assesements which may attain priority over this Dad of Trust, and ground rents on the Property, if any, plus one-
<br />"VIM of yarly premium installments for hazard Insurance. plus one- twcifth of yearly promium 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 herd in an institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />Lender If 1,48dar is such an institution). Lender shall apply the Furls to pay said taxes, assessments, insurance premiums and ground rents.
<br />Leader may not cnafp for w holding and applying the Funds, analyzing said account or verifying and compiling said assessments and Mils,
<br />unit" Lentler pays Borrower interest on the Punde anti applicable law permits lender to make such a charge. Borrower and lender may agree in
<br />wrhbg a ON time of execution of this Dead of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made Of
<br />
|