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DEED OF TRUST
<br />r THIS DEED OF TRUST is made this 20th day of March
<br />( 19-U_,aasong the Trustee, ROGER L HARMS AND KATHY HARMS. HUSBAND AND WIF
<br />(heroin "�r�7
<br />', AREND R. MACK, ATTORNEY AT LAW
<br />(herein "Trustee "). and the Beneficiary, HONE FEDERAL SAVINGS i 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. SOX 100%
<br />GJlAgM ISLAND, NE as= (herein "Lender ")
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants 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 NINE (9), COLONIAL ESTATES 5th SUBDIVISION, TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA
<br />which has the address of _ Grand Island
<br />(STREET) (CITY)
<br />Nebraska 68803 (herein "Property Address ");
<br />(STATE & 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 thereto, 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 kasehold estate if this Dad 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 March 20. 1986
<br />(herein "Note "),ice the principal sum of — SIXTY THREE THOUSARD DOLLARS ARS ANSI 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 on April 1. 2001 ; 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 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 />demands, subject to any declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />inswing Lender's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />A. srayMat at Mlad/a) and ISOvinit. 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 Trust.
<br />2. Fads for Team ad lam ranee. Subject to applicabk law or to a written waiver by Lender. Borrower shall pay to Lender on the day
<br />111011" iastalltaertts 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 taxer and assessments which may attain priority over this feed of Trust, and ground rents on the Property, if any, plus one-
<br />twdith of yearly pramsium installments for hazard insurance, plus one- twelfth of yearly premium installments for mortgage insurance, if any, all
<br />as reasonably estimaud initially and from time 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 />Lender if Lender is such an institution). lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents.
<br />Lender may not charge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and oills,
<br />vniear Lead" pays Borrower interest ors the Funds and applicable law permits lender to make such a charge. Borrower and I en:ler may agree in
<br />writing at the time of execution of this teed of Trust that imeresi on the Funds shall he paid to Borrower, and unless sup h agreenlent is made car
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<br />which has the address of _ Grand Island
<br />(STREET) (CITY)
<br />Nebraska 68803 (herein "Property Address ");
<br />(STATE & 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 thereto, 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 kasehold estate if this Dad 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 March 20. 1986
<br />(herein "Note "),ice the principal sum of — SIXTY THREE THOUSARD DOLLARS ARS ANSI 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 on April 1. 2001 ; 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 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 />demands, subject to any declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />inswing Lender's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />A. srayMat at Mlad/a) and ISOvinit. 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 Trust.
<br />2. Fads for Team ad lam ranee. Subject to applicabk law or to a written waiver by Lender. Borrower shall pay to Lender on the day
<br />111011" iastalltaertts 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 taxer and assessments which may attain priority over this feed of Trust, and ground rents on the Property, if any, plus one-
<br />twdith of yearly pramsium installments for hazard insurance, plus one- twelfth of yearly premium installments for mortgage insurance, if any, all
<br />as reasonably estimaud initially and from time 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 />Lender if Lender is such an institution). lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents.
<br />Lender may not charge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and oills,
<br />vniear Lead" pays Borrower interest ors the Funds and applicable law permits lender to make such a charge. Borrower and I en:ler may agree in
<br />writing at the time of execution of this teed of Trust that imeresi on the Funds shall he paid to Borrower, and unless sup h agreenlent is made car
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