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<br />E
<br />DEED OF TRUST 86- 101722
<br />THIS DEEDOF TRUST ismadethis 2nd dsyof April
<br />)9.8b__.astsongtheTrustor, RTCHARII Y_ SCHMTi1T AM MARI FNF A 1;rRMTnTs ti11SRAND AND k'TFF
<br />�" ��OM�' ?� _ A11�ND R. QAACIi: ATTORNEY AT LAW
<br />(Lenin "Trainee''). and the Beneficiary, NOW FEDERAL SAVIM" i LOAN AUOC1ATMU OF GMND tBIAND NE
<br />a carporatioa otpeinad cad eldstigg undo the laws of NEORASKA whose address is 221 SOUTH LOCUST. P. O. SOX 1006
<br />aRANO ISLAND. NE iMgQ (iseeira "Emden ") -
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grams and conveys to Trustee,
<br />in trust, With power of sale, the Mowing described property located in the County of _ HAI l
<br />State of Nebraska:
<br />The Westerly Sixty Three Feet (63`) of Lot Six (6), in Block Three (3), Cunningham
<br />Subdivision, an Addition to the City of Grand Island, Hall County, Nebraska.
<br />which has the address of 24 0 7 W �t 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 />(subjecrhowever to the rights and authorities given herein to Lender to collect and apply such rents), royalties, mineral, oil and gas rights and
<br />profits. weer, water rights, and water stock, and all fixtures now or hereafter attached to the property. all of which, including repluxments and
<br />additioea tbaeto, shall be looted to be and remain a part of the property covered by this Dad of Trust; and all of the foregoing, together with
<br />Mid Property (or the leasehold estate if this Deed of Trust is on a leuehold) are herein referred to as the - Property ";
<br />TO SECURE to Leader (a) the repayment of the indebtedness evidenced b Borr's note dated Ap r i 1 2 , 1986
<br />(herein "Note"), in the principal sum of TWENTY EIGHT THOUSAND EIGHT ower HUNDRED DOLLARS AND NO /100 Dollars.
<br />with lntsreat t)apeon. Pr for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />and paysibk on Ma V 1
<br />006 _
<br />with interest thereon, advanced in accordance herewith 10 Protect the security of this Deed of Trust; and the f the payment all other sums,
<br />performance of the covenmts and
<br />agreements of Borrower herein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Lender
<br />PurvJM to paragraph 21 hereof (herein "Future Advances ").
<br />Sorrowm covenants than Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property,
<br />that the Property is uomcumbaed, and that Borrower will warrant and defend generally the title to the Property against all claims and
<br />detaaada, sulijset to say declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance poliic
<br />iAwriag Lwtde's interest in the property, Y
<br />UNIFORM COVIdNANTS. Borrower and Lender covenant and agree as follows;
<br />1. Pagntant 411011 Pel wed lasarew. Borrower shall promptly pay when due the
<br />by the Note. W"Gyweat and � d itut pal of and interest on the indebtedness evidenced
<br />charges n provided !n the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />of Treat.
<br />L Fan6 fat Tales and lbneeaae. Subject to applicable law or to a written waiver h Lender, Borrower shall
<br />y Pay to Lender on the day
<br />ntOMW ItAUM etats of DriWPW and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds ") equal to one-
<br />1L` rweifnh of die yearly taxes and easesa ants which may attain priority over this Deed of Trust. and ground rents on the Property. if any. plus one -
<br />t"'dft Of riorll'Prnivm OW40mmis for haaard uwurartce, plus one twelfth of yearly premium ingtaUmenu for mortgage insurance. if any, all
<br />tr taaweeWy adowited ia&iaby and from base to iliac by Ladsr on the basis of auessmMU and bills and reasonable estimates thereof.
<br />The Pads shmil be held in an lnswation the deposits or amounts of which are insured or guaranteed by a Federal or sate agency (including
<br />Lander if [ wade a each a a itutioa),. Leader shat apply the Funds to pity said taxes, asseasmmts. insuruice Premiums and ground rents.
<br />Leads Awl mot clangs for w holding std appiymg the Fuada, araiyang said account or verifying and compiling said assessments and "_,ills.
<br />wilats Leader Pays Borrower interim on the Fwds aid applicable law Permits Lender to make stwh a chmse. Borrower and Lender ma
<br />writing as the rape of execution of this Ike! of Treat that interest on the Funds shall be pew 'O Hotnwer, and unhss such agreement is made or
<br />agree a r
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