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<br />DEED OF TRUST
<br />(neraln • roads';% am tees g+s wwwyi T W_ ROM Hug
<br />a optponNioa ttlrprudaad sad tM kwrs of „whosssddress is %..441 '4101UTN LET. P.''O fi!
<br />BOlRM WER, In consideration of the indebtedness heroin recited and the trust herein created, Irrevocably Von and aavtt
<br />in trust., with power of", the following described property located in the County of _ Hall
<br />State of Neliratka:
<br />LOTS ONE HUNDRED TWENTY NINE (129) AND ONE HUNDRED THIRTY (130), IN BELMONT, AN
<br />ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA,
<br />VW
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<br />which has the address of 326 N. Grace 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 Larder to collect and apply such rents), royalties, mineral, oil and gas rights and
<br />profhs, wad, walla rights, and water stock, and all futures 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 Dad of Trust; and all of the foregoing, together with
<br />said pioparty (or the Iasehold estate if this Dad of Trust is on a leasehold) are herein referred to as the "Property ";
<br />TO SECURE to Leader (a) the repo_ymertt of the indebtedness evidenced by Borrower's note dated October 5, 1987
<br />( berein- •Note,), intheprimcipolsumof Ten Thousand Three Hundred Twenty and 35/100 ------- ------ Dollars,
<br />withintaest thereon, providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />and paw on October 20, 1991 ; the payment of all other sums.
<br />with isdaea thereon, advanced in accordarm herewith to protect the security of this Dad of Trust; and the puformance of the covenants and
<br />agreements of Borrower herein contained; aid (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 />dew, wbjod to any d9derstions, easements of restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />inswing Lender's interest in the Property.
<br />UNIFOIEM COVENANTS. Borrower and Leader covenant and agree as follows:
<br />f• sip sed • Borrower slush promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Nate, prepayatoot said lars charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Decd
<br />of Trust.
<br />2. Finis far Tease cold lows aaa. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day
<br />menlWy Westalhavista of principal and interest we payable under the Note, until the Note is paid in full, a sum (herein "Funds ") equal to one -
<br />twelift of Mss yearly Issive sad was whidt may attain priority over this Dad of Truest, end ground rents on the Property, if any, plus one-
<br />twW* of yearly pry hutalleasats for hasard in rime, plus onatwelfth of yearly premium installments for mortgage insurance, If any, all
<br />as fe"ontWly estimated Initially and from tithe to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The F shy be held In an laastitudort the deposits or accounts of which we insured or guaranteed by a Federal or state agency (including
<br />Lender if Laden is sob an kuskutio n). Leader shall apply the Funds to fay said sexes, assessments, insurance premiums and ground rents.
<br />Leader may not dwge for a holding and spplyiald the Funds. analysing sold account or verifying and compiling said assessments and bills,
<br />esideas Leadar pays Borrevne interest on the Punds and applicable law permits Lender to make such a charge, IWrrower and Lender may asrce in
<br />writing at the mere of of this peed of Trust that Interest on the Funds shall he paid to Borrower, and unless such agreement is made or
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