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DEED OF TRUST $7"-- 104393'
<br />THIS MED OF TRUST is made this m 161H - _ _ . day of J Ut_ T
<br />19 n 7, , among the Trustor, JERRY 1. RFNKFR AND JEANNE_!,__RE.NKERj HUSBAND AND WIFE —
<br />(herdn "Borrower "), AREND R. SAACKr ATTORNEY AT LAW _
<br />(herein "TruNee"). and the Beneficiary, NOW FEDERAL SAVINGS i LOAN ASSOCIATION OF GRAND ISLAND, NE
<br />■ corporation organised and existing under the laws of No, - MBR KA ^whose address is 221 SOUTH LOCUST P. Q. BOX 1000
<br />GRAND MILANO. NE IM (herein „Lander")
<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 oak, the following described property located in the County of HALL
<br />State of Nebraska:
<br />THE SOUTH ONE HALF (S -�) OF LOT EIGHT (8) AND ALL OF LOT NINE (9), SITUATED
<br />ON THE WEST SIDE OF THE WEST PORTION OF KUESTER'S LAKE LOCATED ON THE EAST
<br />ONE HALF OF THE SOUTHWEST QUARTER (E -�, SW -4) OF SECTION THIRTEEN (13), TOWNSHIP
<br />ELEVEN (11), NORTH, RANGE NINE (9), HALL COUNTY, NEBRASKA.
<br />which has the address of #21 KUESTER'S LAKE GRAND ISLAND,
<br />(STREET) (CITY,
<br />NEBRASKA 68801
<br />(herein "Property Address ");
<br />(STATE dt 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 JULY 16 1987
<br />(herein "Note "),in the principal sum of FTFTFFN THOUSAND TWO HUNDRFD STX AND 4100 -------- - - - - -- 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 .1111 Y 72, 1999 ; 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 Leader's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Paymnt of FrheryM aN Inbred. 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 feed
<br />of Truss.
<br />2. Fu da be Tanta act Natrraw. 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 />twditb of the yearly taxes and ancuments which may attain priority over this Deed of Trust, and ground rents on the Property, if any, plus one-
<br />twelfth of yearly premium irstallawnts for hazard insurance, plus one- twelfth of yearly premium installments for mortgage insurance, if any, all
<br />as reasonably estimutd 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 />Lender 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 Folding and applying the Funds, analyzing said account or verifying and compiling said assessments and Mils,
<br />unless Leader preys Burrower 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 be paid to Borrower, and unless such agreement is made or
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