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DEED OF TRUST 87-- 10 5,,;)
<br />0
<br />' THIS DEED OF TRUST is made this 1st day of September
<br />ly 87 , ��to., Jay'? Huston, a singe person
<br />(b,'". Borrower"), AMEND R. SAACK ATTORNEY AT LAW _.
<br />(bads "Truaw'), and the Beneficiary, HOME FEDERAL SAVINGS & LOAN ASSOCIATION OF GRAND ISLAND, NE
<br />a corpor+tHmt organised and existing under the laws of NMRASKA whose address is 221 SOUTH LOCUST P. O. BOX 1009
<br />GRANO ISLAND. NE GUM (herein "Lender ")
<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 sale, the following described property located in the County of Hall
<br />State of Nebraska:
<br />The Westerly Fifty -Four Feet (54'3 of Lot Five(S) , in block Twc (2),
<br />in Gladstone Place, an Addition to the City of Grand Island, Hall
<br />County, Nebraska.
<br />which has the address of 2724 West John 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 />addiHos thereto, shall be denoted 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 September 1, 1987
<br />(herein "Note"), in the principal sum of Twenty Thousand Eight Hundred 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 September 1 . 2007 __ ; 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 />eabjoa to any declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />histaring Leader's interest in the Property.
<br />UNIFORM COVENANTS. Burrower and Lender covenant and agree as follows:
<br />1. harem of lsinA ' aN Istweaf. 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 Truer.
<br />2. F'aMs fw Tun ad Inwana. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day
<br />monthly Installments ofprhKW and interest an payable under the Note, until the Note is paid in full, a sum (herein "Funds ") equal to one -
<br />twdlUt of the yearly tares and assessmeaft which may attain priority over this Deed 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 matassislyestimated Initially and from time: to time by Leader on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be boll 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). Leader shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents.
<br />Leader may not charge for so hoWing and applying the Funds, analyzing said account or verifying and compiling said assessments and bills,
<br />unless Leader pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and tender 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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