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DEED OF TRUST 86-100194
<br />THIS DEED OFTRUSTismade this - 11th day of 1aruiarV
<br />19_a6_, moon the Truaw, r ARl FS F Fax ny HIISRANn AND WTEE
<br />obervia AREND R. BAACK, ATTORNEY AT LAW
<br />(ksnin "Ttow"), and the Deaeffciary, HOME FEDERAL SAVINGS i LOAN ASSOCIATION OF GRAND ISLAND, HE --
<br />a corporatiaa a WWnd and exiseft under the laws of NEBRASKA whose address is 211 SOUTH LOCUST, P. O. BOX 1001,
<br />am" umm% NE MME {ftereia "i eder'7.
<br />BORROWER. in consideration of the indebtedness herein recited and the trust herein created, irrevocably pants 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 />LOT FIVE (5) AND FRACTIONAL LOT SIX (6) IN FRACTIONAL BLOCK ONE HUNDRED FIVE (105)
<br />IN RAILROAD ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />The Rider to the Deed of Trust which is attached hereto and executed on the same day is
<br />hereby incorporated into the mortgage. The Rider shall amend and supplement the covenants
<br />and agreements of this Mortgage as if the Rider was a part thereof.
<br />which has Use address of 319 South Walnut, Grand Island, NE 68801
<br />(STREET) (CITY)
<br />(herein "Property Address ");
<br />(STATER 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 tights 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 Dead 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 ,l a n i t a ry 13. 1986
<br />(herein ' •Note "),intisepriadpadsusstof FORTY FOUR THOUSAND FIVE HUNDRED DOLLARS 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 ors February 1 1996 _ ; 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 />agreeaeMU of Borrower herein contained; and (b) the repayment of any future advances, with interest thereon, matte 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 uncecutmbered, and that Borrower will warrant and defend generally the title to the Property against all claims and
<br />demamda, 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 to the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows;
<br />1. Poo W lrhdpl atM laaereW. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, prepayment and late chwgss as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />of That.
<br />L F16 fray Tom acell laaarssaoe. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Leader on the day
<br />maglely iaMaYMwsis of principal and interest we payable under the Note, until the Noe is paid in full, a sum Therein "Funds ") equal to one -
<br />twelftk of the yearly taxes and assessments which may attain priority over this Deed of Trust, and ground rents on the Property, if any, plus one-
<br />L. teetlfth of yearly proneness installments for hazard insurance, plus om-twelfth of yearly premium installments for mortgage insurance, if any. all
<br />as reap ieW se dssaud initially and from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds sha0 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 Leander u so* an Institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents.
<br />leader may not cherfle for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and bills,
<br />unions Lander pays Borrower interest on the Funds and Law permits Lender to make such a charge. Borrower and Lender may vgree in
<br />writing at the tape of eaeseuaion of this Deed of Trot that interest tin the Funds shall he paid ro ROtTOWC7, and unless such agreement is made or
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