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<br />DEED OF TRUST !002"
<br />THIS DEED OF TRUST is made this 17th day of January
<br />t 19_2E,amottgtheTtustor, IOHN F ROHRFR} A SI f I F PFRCOj�
<br />1 � «�,� »I, AREND R. SAACK, ATTORNEY AT LAW
<br />(herein "Tntstec "), and the Beneficiary, HOME FEDERAL SAyINt9S a LOAN ASSOCIATION OF GRAND ISLAND, NE
<br />a corporation organized and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST, P. O. BOX 1009,
<br />WAND IKAND, NE WIN (herein "Lender ").
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee,
<br />in newt, with power of sale, the following described property located in the County of u al I
<br />State of Nebraska:
<br />A TRACT OF LAND IN LOT 4, ISLAND SECTION 11 AND IN THE SW OF THE NW34, ISLAND SECTION 11,
<br />TOWNSHIP 10 NORTH, RANGE 10 WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA MORE PARTICULARLY
<br />DESCRIBED A FOLLOWS:
<br />BEGINNING AT THE W14 CORNER OF SAID SECTION 11, THENCE NO 18'20"E ALONG WEST LINE OF NW4 OF SAID
<br />IS6AND SECTION 11, A DISTANCE OF 622.74 FEET; TO THE POINT OF BEGINNING; THENCE CONTINUING
<br />NO 18'20 "E A DISTANCE OF 498.00 FEET; THENCE S89 °41'40 "E A DISTANCE OF 875.17 FEET; THENCE
<br />S6°18'20 "W A DISTANCE OF 498.00 FEET; THENCE N89 °41'40 "W A DISTANCE OF 875.17 FEET TO THE POINT
<br />OF BEGINNING; SAID TRACT CONTAINING 10.00 ACRES MORE OR LESS OF WHICH 0.38 ACRE MORE OR LESS IS
<br />COUNTY ROAS) RIGHT OF WAY AS SHOWN ON ACCOMPANYING PLAT.
<br />EXCEPTING THEREFROtl A CERTAIN TRACT OF LAND MORE PARTICULARLY DESCRIBEDIN WARRANTY .-ED
<br />RECORDED AS DOCUMENT NUMBER 78- 007606, AS RECORDED IN THE OFFICE OF THE REGISTER OF LfEEDS
<br />OF HALL COUNTY, NEBRASKA.
<br />which has the address of—.— Route 2, Box 76 — Grand Island
<br />(STREET) (CITY)
<br />Nehrac 4a 68Sp3 (herein "Property Address").
<br />(STATE t 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 theroo, shall be deemed 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 January 17, 1986
<br />(herein „Note "),in the principal sum of SIXTEEN THOUSAND NINE HUNDRED FLEVEN DOLLARS AND 0?1100 Dollars,
<br />with Forest thereon, providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />and payable on l a n u a ry_17_ 1991 -; 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 />W aments 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 />deroatida, subject to any declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />ieaaring Lender's iruwrest in the property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1, ft m" of irrhelptl aM 129atrat, 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 Tent.
<br />2. Farb far Teas nerd Iwism. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day
<br />monthly irWallineats of principal and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds ") equal to one-
<br />twelfth of the yearly tam and assessments which may attain priority over this feed of Trust, and ground rents on the Property, if any. plus one-
<br />twelfth of yearly premium ittstallurmts for hazard insurance, plus one- twelfth of yearly premium installments for mortgage insurance, if any, all
<br />L--• tat reasonably estimated initially and from flow to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />i.etndo if l rAer is such an institution), lender shall apply the Funds io pay said taxes, assessments, insurance premiums and ground rents t
<br />Leader may not charge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and Dells, t
<br />unless Lender pays Hcxrower interest on the Funds and applicable saw permits Lender to stake such a c harpy &x t over and I ender !nav ,gyre trt
<br />writing at the time of execution of I Ill s tired of Trust Ihot interest on !hr I`unds shall tx Paid ter? Fktrroxrr, and ,irdevs such agtremcnt is made w
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