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DEED OF TRUST 87-105115
<br />THIS DIED OF TRUST is made this day of 11uN u &t
<br />I9 , atuongtleTrustor, �NALQ B a ban
<br />owlin I' '7, AREND R. W ADK A OANEY AT LAW
<br />Owein " "),and the Beneficiary, HOME FROCRAL SAVIN" R LOAN ASSWATION OF GRAND ISLAND NR
<br />amporation maind and existing under the laws of NIHIMM whose address is M 221 UTH k9CIM P. O. 19X 1000
<br />GRAND WAM NE IM (herein "Lender ")
<br />BORROWER, in consideration of the indeNedness herein recite! and :he trust herein created, irrevocably grants and conveys to Trustee,
<br />in trust, with porter of sale, the following described property located in the County of HALL
<br />State of Nebraska:
<br />LOT TEN (10), BISHOP HEIGHTS THIRD SUBDIVISION, COMPRISING A PART OF THE SOUTHWEST
<br />QUARTER OF THE NORTHWEST QUARTER OF THE NORTHWEST QUARTER (SWI /4 NWI /4) OF SECTION
<br />ELEVEN (II), TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10) WEST OF THE 6TH P.M., HALL
<br />COUNTY, NEBRASKA.
<br />which has the address of 2105 Sherwood Road Grand Island,
<br />(STREET) (CITY)
<br />Nebraska 68803 -(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, shell be darned 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 Dad 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 Atu9 u 5 t 21 , 1987
<br />(herein "Note "), in theprincipad sum of TWELVE THOUSAND ONE HUNDRED EIGHTY F0I1R AND A0/100 -------- Dollars,
<br />with interest thereon, providing for monthly instalments of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />and payable on August 21, 1992 ; the payment of all other sums,
<br />with interest thereon, advanced in accordance herewith to protect the security of this Dad 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 />subject to any durations, easements or restrictions fisted in a schedule of exceptions to coverage in any title insurance policy
<br />insuring I. nder s interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />11. PalmMt of Fdoc W tad Istmnt. 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 True.
<br />2. IFNi be Totem need Mgealwa. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Leader on the day
<br />and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds ") equal to one-
<br />twdft the yearly try and assessments which may attain priority over this Decd 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 reltioneW estimated initlially and from time to time by Leader on the basis of assessnicsits and bills and reasonable estimates thereof.
<br />The Punds sW be bold in an institution the deposits of accounts of which are Insured or guaranteed by a Federal or state agency (including
<br />Leader If Leader is such an Institution). Larider shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents.
<br />Lender my nolt charge, fat so holding and applying the Funds. analysing said account or verifying and compiling said assessments and bills.
<br />WAM L pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender may agtce in
<br />writing FA ft time of execution of this Deed of Trust that interest on the Funds shall be paid to Borrower, and uniess such agreement is made err
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