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?M3 DEED OF TItL1ST DEED OF TRUST Seventh 86- 101217 of March husband and wi e a or niwd aid ena�tstg uaaihtr thalaws of 'IMIMM # wbese address is ?=t SOUTH LOIN M P. O. SOX tOM, QAW MUM fhervis" "). DOZE XMW a cen"ratian of tbe.iedebtednes beratt.recoW and the trust herein cse" nevocab}y grams and eonveyc to Tnrstee, is New, with power of sale, the f�wing described property located in the County of a Same of Ndmuka: Lots Eleven (11), Twelve (12) and Thirteen (13) except the East 42.78 feet of Lots Twelve (12) and Thirteen (13), Mehring and Giesenhagen Second Subdivision, Hall. Count}, Nebraska which has the address of as described in legal above , not available Grand Island (STREET) (CITY) Nebraska 66603 (herein "property Address "), (STATE & ZIP CODE) TOGETfiER with alt the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents (subject however to the rights and authorities given herein to Lender to collect and apply such rents), royalties, mineral, oil and ;gas rights and I- ofits, water, water r*hM and water stock, and all fixtures now or hereafter attached to the property, all of which, including replacements and addition thereto, doU be deemed to be and remain a part of ft property covered by this Dead of Trust; and all of the foregoing, together with said property (ear the hatmeho)d ewwe if this Deed of Truro is on a leatseholdj are herein referred to as the "Property "; TO SBCURE to I der (a) the repayment of the indebtedness evidenced by Borrgqwer's note dated March - 7_ -19 86 -�- b Bak" Noe "hint6epriecipalsumof Two Hundred Thousand and no/100-- e- - - - - -- -� with%amsat thwaoa, provkhas for monthly instalknents of principal and interest. with the balance of the indebtedness, if not sooner pail, due sad ;ptgabli: March 13, 1989 • the payment of all orbs stuns, with Wwrew them=, advanced in accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and egraesaaK of Botrower herein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Lender psaasat to paragraph 21 hereof (herein "Future Advances "). Sarrewer oovaesees that Borrower is lawfully seised of the atae hereby conveyed and has the right to grant and convey the Property. that the' Property Is mercmbered, and that Borrower will warrant and defend generally the tide to the Property against all claims and demimm& , rut *a to any dedarauoac, eu®aus or restrict ions listed in a schedule of exceptions to coverage in any title insurance policy hatsirtg 3wndar's iossrat is the Property. UMIOKM COVENANTS. Borrower and Lender owxnant and agree w follows: 1. Ir1/aaatB of P I I I lad 1dsw1. Borrower sbail promptly hay when due the principal of and interest on the indebtedness evidenced by the 3+ "N psgay aid ice dnrcgs as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed d Traw. L lams hr Tar and mace. Subject to ap0kcable law or to a written waiver by Lender, Borrower shall pay to Lender on the day rautltiiy iasdiaan of principal and ielrrew we payMk miler the Note, until the Note n paid in full. a sum (herein "Funds ") epual to ate - twwlfh of the ysaly tacos and awanamb which may sum m priority over this Deed of Trust, and ground rents on the Property. if any, plus toe - ttw110111 ef yearly llamas iowWtiww for haawd i r-ttawe, pis one - twelfth of yearly pre mnrm imtallmatu for mortgage insurance. if any, all w naimmably a6maW isitaYy and from time to time by Leeder on the basis of anasmmds and bilk and reasonable estimates thereof. The Fumb *MA be"ht an iasritution the deposits or accounts of which arc insured or guaranteed by a Federal or state amity (including Lends if Lattdw is snob an iowiquiott). LwAer s W reply the Funk to pay mid rotes, assem nesta, insurance premiums; and ground rents. Leader say rat c wgr for so bW& tg and applying the Ftuwk. analyzing said account or verifying and compiling said asseisments and bills, weber Lender pays Borrower twAnst eat the Funds and applicable low permits Lender to malice such a charge. Borrower and Lender may agree in „ wtitNg a due tine of issecution of this Deed of Trust that interest on the Funds shall he paid to Borrower, and unless such agreement is made or