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$7-- 104380
<br />DEED OF TRUST
<br />THIS DEED among the Tstor, s made this _ T 24th _ daynf July -- - - - - --
<br />19__— QZ,atnongtheTrustor, Ronald H. Hansen and Elsie L . Hansen, Ylusband and Ulu i'e =
<br />(herein "Borrower "), AREND R, BAACK,._ATTORNEY AT LAW _
<br />(herein "Trustee"). and the Beneficiary, HOME FEDERAL SAVINGS S LOAN ASSOCIATION OF GRAND ISLAND NE
<br />a corporation organized and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST P. O. BOX 1000
<br />GRAND ISLAND,_ NE 611111102 (herein "Lender ").
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee,
<br />intrust, with power of sale, the following described property located in the County of
<br />State of Nebraska:
<br />LOT SEVEN (7), BLOCK TWENTY (20) IN CHARLES WASMERtS ADDITION TO THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />which has the address of 1718 WestCharles Grand Island,
<br />(STREET) (CITY)
<br />Nebraska 68803 __(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 pole dated July 24, 1987
<br />(herein "Note "),in the principal sum of _ Thirty Five 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 August 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 />demiands, 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 tinder covenant and agree as follows:
<br />I. Payrrseat of Marital acid Imenw. 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 />2. Feeds for Tattler rind Issionsue. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day
<br />monthly imitaflmeals 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 heed 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 it Federal or slate agency (including
<br />Lender if Lensfer is such an institution). Lender shall apply the Funds to pay laid taxes, assessments, insurance premiums and ground rents,
<br />lesider may not charge for so holding and applying the Funds. analyzing said account or verifying and compiling said assessments and hills.
<br />u t,aaader pay, Borrower interest on the Funds and applicable law permits bender to make such it charge tlorrowcr and lender nias agree in
<br />writing at the lirnc of execution of this lid of Trust that interest on the Funds shall he paid to llorrower, and ntlles4 such dio ccoletil Ih 111iadC c"
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