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87-... 105 87
<br />DEED OF TRUST
<br />IS DEED OF TRUST is made this 3rd der of September
<br />mute 4d,Trwtor, Olen F. Price, Jr and udy Price, torn an an e--- - - -- -
<br />�.•� ,r .. n r�MUX n, rrxsvr.t rs.. Wang■ -, WSW
<br />Ostrow "Trutgeo "), and the Beneficiary, IO1E FEDERAL SAVINGS A LOAN ASSOCIATION OF GRAND ISLAND NE
<br />a corporation oramalled and existing under the laws of NEPJM# _ _whose address is M SOUTH L ST P. O. BOX 1009
<br />GRAND ISLAND. NE IM ( herein "Lender ")
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein createdatrrevocably grants and conveys to Trustee,
<br />in trust, with power of sale, the following described property located in the County of ti 1
<br />State of Nebraska:
<br />Lot Eight (B), Argo Second SuOdivision, Hall County, Nebraska-
<br />108 Jupiter Alda
<br />which has the address of
<br />Nebraska 68810 (STREET) (CITY)
<br />(herein "Property Address ");
<br />(STATE d 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 />irrofits, water, water rights, and water stock, and all fixtures now or hereafter attached to the property, all of which, including replacements and
<br />addition thereto, stall be dawned 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 3. 1987
<br />(herein "Noe "),in the principal sum of Twenty Nine Thousand, Two 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 />OW payabk on _ _ October 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 />ptssanat 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 />hasumin Lender's interest in the Property.
<br />UNIPORIw1 COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Iht1r•wt sip ad unseat, Borrower shall promptly pay when dote the principal of and interest on the indebtedness evidenced
<br />by she 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 Try.
<br />2. I=& for Too matt Imssan an. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day
<br />NW*ft installments of prinipal and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds ") equal to one-
<br />twdM
<br />of the yearly tatty and " assessmamitt whit may attain priority over this Dead of Trust, surd ground rents on the Property, if any, plus one -
<br />tweM of yaoriy promilm installaments for haaard insurance, plus one- twelfth of yearly premium installments for mortgage insurance, if any, all
<br />elm and from time to time by Lender or the basis of assessments and bills and reasonable estimates thereof.
<br />The be heed in an Institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />Lender U Lender is such an ). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents.
<br />Lander may am charge for ro holding and applying the Funds, ualyzing said account or verifying sad compiling said assessments and bills,
<br />maim Leader pays Born~ 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 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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