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DEED of TRUST .86- 101255
<br />THIS DEED OF TRUST is nude this 14th day of - March
<br />19_86 miso"theirtumor. KENNETH A_ DAN FRT AND ATIRTF S_ DAN_KFRT� HII4RAND ANT] WTFF
<br />( • � _ ��, ARMO IL si AM ATTOMM AT uw
<br />(hears lliho e'�, and the BsmefidmrY, HI LEAL SAVN Mf A LOAN ABMOCIATIOM'Of GRAND iBl. JO% NE
<br />a eaoromraBosi oryraoisrd tad em timg emdsr ele Lars of Na11ASKA whose address is Z!1 SOUTH LOCUST, F. O. OOX lae0
<br />a1MM MAM6. ME OW (h arch - Leodve,).
<br />DORRONWEX- an ooesddmAm of the mdd t ftm herds recited and the trust herein created, irrevocably grants and conveys to Trustee,
<br />is trust, with pow of side, the fallowing described property located in the County of Ha 11
<br />StsMeof Nebrarta:
<br />A tract of land located in the Southeast Corner of the South Half of Section Eleven (11),
<br />Township Twelve (12), North, Range Ten (10), West of the 6th P.M„ in Hall County, Nebraska,
<br />more particularly described as follows: Commencing at the Southeast Corner of said Section
<br />Eleven (11), running thence North, along and upon the east side of said Section Eleven (11)
<br />a distance of Two Hundred Eight and Seventy -five hundredths (208.75) feet, running thence
<br />west and parallel with the south side of said section eleven (11), a distance of two hundred
<br />eight and seventy -five hundredths (208.75) feet, running thence south and parallel with the
<br />East side of said Section Eleven (11), a distance of Two Hundred eight and seventy -five
<br />hundredths (208.75) feet, running thence east, along and upon the south side of said
<br />section eleven (11), a distance of two hundred eight and seventy -five hundredths (208.75)
<br />feet to the point of beginning.
<br />which has the address of Rural Route 1, Box 231 Grand Island
<br />(STREET') (CITY)
<br />Nebraska 68803 (herein "Property Address");
<br />(STATE A 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 tights 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 theeto, shall be deemed to be and remain a part of the property covered by this Deed of Trout; and all of the foregoing, together with
<br />said property(os the leasehold estate if this Deed of Trust is on a leasehold) are herein referred to as the "Property'
<br />TO SECURE to L.aider (a) the repayment of the indebtedness evidenced by Borrower's note dated _ Ma rr h 14- 19RF
<br />(herein - •Note% in the principet sum of TWENTY FOUR THOUSAND DOLLARS AR AND Nollon ------- - - - - -- Dollars,
<br />with iatrrat thereon, providing for monthay installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />and payabk on April 1. 2006 • the payment of all other sums,
<br />with interest thereon, advanced in accordance herewith to protect the security of this Dad of Trust; and the performance of the covenants and
<br />agreements of Borrower berein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Leader
<br />ptnsuaot to paragraph 21 hereof (herein "Future Advances ").
<br />Borrower eovenanu that Borrower is lawfully seised of the estate hereby conveyed and has the tight to grunt and convey the Property,
<br />that the Property a unencumbered, and that Borrower will warrant and defend generally the title to the Property against all claims and
<br />dsmasis, subjed to say declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />hassu g Letader's iataest is the Property.
<br />UNPORM COVENANTS. Borrower and Leader covenant and agree as fol lows:
<br />L 7e8 - of FeimsiII load imsnesl. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Nose. prepay tant mud We charges as provided in cite Neste, and the principal of and interest on any Future Advances secured by this Deed
<br />of Trust.
<br />L fads tae Term anti hoarsen. Subject to applicable law or to a written waiver by Lender, Borrower Ball pay to Lander on the day
<br />u rod* inasOmsms of primdpal ed maerest we payable under the Note, until the Note is paid in full, a sum (herein "Funds ") equal to one-
<br />L twdfih of the yearly tame saw awownenu which may twain priority over this Deed of Trout, and ground rents on the Property, if any, plus one -
<br />twallth of ywrly premium isataWasau for hazard awArOnoe. plus onatwdith of Yearly premium iastalhamu for mortgage insurance, if any. all
<br />as reustraabdy estimand mitie ft and from time to time by Lauder on the bow of ass and bills and reasonable estimates thereof.
<br />The Fads shall be held in see imstitation the deposits or accounts of which are insured or
<br />Leader if LaWar x such as mokusion). leader shall guarantwad by a Federal i state and p (ltd renng
<br />apply the Funds to pay add tap, aeaesratetnte, insurance premiums std ground resets.
<br />trtdar slay not drvge for soWilling trod applying the Funds, analyzing said account or verifying and compiling said assessments an.: bills.
<br />wake Lender pays borrower usta on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender may agree in
<br />writing at the hale of enrocution of this (heed of Trust that interest on the Funds shall be pud to Borrower, and unless such agreement is stack v,
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