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: 86- 100551 DEED OF TRUST 3anpry,_ 3 a ..... ............................... THIS DEED {?F TRUST (°'Securitylnstrument")ismadeom•...-•••-•-•••••••-••••••••- 19__8 6.. Thetrustoris ...LIQY.d..F- ..S- W..010 -d— A .xT- J- VP,...IiunbW4. . ite ............... ............................... (°'Borrower" ). The trustee is ...Tjo= . .Tit1A. att= .................... •- y, .................................................................................... ............................_.. (-Trustee). The bateftaaryis it Qrr . M Mclawl -_ IBS e ................... ............................... ......................... which is organized and existing under the laws of .._....rk►e..Stdk . Qk..AL dS1Cd ......................... and whose address is ................................... Lender................).. 21Z..Nth.. Wabbt.Roati...2 .D....Box.- 168,.. Grand..Isl atxi... M.fiMZ ...................... ....._............... ("Leads ")• rx Borrower owes Lender the principal sum of .... Thirt:y. Dne. lhousanti .Fiva.FL.uxbmd..and..No/ • . •.. Dollars (U.S. 5...... 3] ,.�QQ,.( .......). This debt is evidenced by Borrower's note dated the same date as this Security Instrument ( "Note "), which provides for monthly payments, with the full debt, if not paid earlier. due and payable on ........ ... Februarys.. 1.,.. 20 0fi .............................................................. ............................... This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest. and a renewals. extensions and modifications; (b) the payment of all other sums, with interest .advanced under paragraph protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this purpose, Borrower irrev zablY ��rraatrrtts and conveys to Trustee, in trust, with power of sale, the following described property locatedin ............. ......... Hall ..............._.................................... ..........................._... ......................... County, Nebraska: All of Lot Nine (9) in the Subdivision of Block one (1), Vine Bill Subdivision, and a part of Lot Eight (8), in the Subdivision of Block One (1), Vine Hill Subdivision, more particularly described as follows: Beginning at a point, said point being the Northeast corner of said Lot 8; thence West on and upon the Lot Line of Lots 8 and 9, to the Northwest corner of Lot 8;thence South along and on the West lot line of lot 8, a distance of 10 feet; thence northeasterly in a straight line a distance of 115.7 feet to the point of beginning, all in the City of Grand Island, Hall County, Nebraska, excepting a certain tract deeded to the City of Grand Island by Warranty Deed recorded as Document No. 78- 002467. 704 South - ,Blaine . ._.. -.._ Grand Isl ............................. which has the address of ................. 1 5.reec l (rail Nebraska .. ...... 588D. 3 ..... ............................... ( "Property Address"); rzp t:ecei TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights. appurtenances, rents. royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY II+imumENT combines uniform covenants for national use and non - uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS Borrower and Lender covenant and agree as follows: 1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall prompil} pay when due the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Vote. 2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender. Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Notes paid in full, a sum ( "Funds ") equal 70 one- twelfth of: (a) yearly taxes and assessments which may attain priority over this Security Instrument. (b) %earl L leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums. and (d) yearly 1 51 mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the basis of current data and reasonable estimates of future escrow items. t` The Funds shall beheld in an institution the deposits or accounts of which are insured or guaranteed by a federal or ih state agency (including Lender if Lender is such an insutuh.nn.) Lender shad apply the Funds to pa: thr escrow reins Lender may not charge for holding and applying the Fun :d , analyzing the account or ertf .trig the escrow terns. unic»