|
L
<br />DEED OF TRUST 86--- 101894
<br />I THIS DEED OF TRUST is made this 15th day of April
<br />19 —aL_ . asoq tie Trtator, QTFF
<br />(ham "Borrower "), Al"D R. SAACK, ATTORMW AT LAW
<br />Qtssoi■ and the 8twdfciary, HOME FEDERAL SAVM W a LOAN ASSOCIATION OF DRANO RSLANO NE
<br />h owponstim arpossiad and ea4dng tinder the hers of NMAAKA whose address is 221 SOUTH LOCUST, P. O. SOX loom,
<br />SOW WAND, NE mmmo2 (teem "Lander ").
<br />BORROWER[, in rnnwderadoa of the indebtedness berm recited and the trust herein created, irm:o--hly grants and conveys to Trustee,
<br />IN ttmt, with power of sale, the following described property located in the County of — Hal I
<br />State of Nebraska:
<br />LOT FORTY NINE (49) IN WOLFE'S SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBARSKA
<br />The Rider to the Deed of Trust which is attached hereto and executed on the same day is
<br />hereby incorporated into the mortgage. The Rider shall amend and supplement the covenants
<br />and agreements of this Mortgage as if the Rider was a part thereof.
<br />which has the address
<br />3106 W. North Front Street Grand Island
<br />(STREET)
<br />Nebraska 68803
<br />(STATE& ZIP CODE) — (herein"PropertyAddress ");
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurten:rnxi, 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 pan of the property covered by this Deed of Trust; and all of the foregoing, together with
<br />said property (or the leudtod estate if this Dad of Trost is on a leasehold) are herein referred to as the "Property ";
<br />TO SECURE to Leader (a) the repayment of the indebtedness evidenced by Borrower's note dated
<br />(hem "Note"), in the principal sum of FORTY THREE THOUSAND TWO HUNDRED AND ,'0/ 100 —
<br />-- ---- -- Dollars,
<br />with intend theraoa. providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />and payable on May 1, 2 006
<br />the payment of all other sums,
<br />with interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and
<br />apee®eats of Bcwrotrer herein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by lender
<br />pursum to paragrapit 21 hereof (herein "Future Advances ").
<br />Borrower covenants that Borrower is lawfully sated 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 />dessaeds, subject to any deckrations, ensemenu or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />erg Leader's mserea in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender co.Ymant and agree as follows:
<br />1. Faf'Mat of 1101 foal aai ioiwmL Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Nose, Prepayment a sd tote charges as provided in the Note. and the principal of and interest on any Future Advances secured by this Deed
<br />Of Trost.
<br />2. Fared[ hr TUN amp laamraaae. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day
<br />atOM* kwtsdhnoW of ptiacfpal and intend an payable [,rider the Note, until the Note is paid in frill, a sum (herein "Funds ") equal to one -
<br />twdffh of the yearly ratans and assessments which may attain priority over this feed of Trost, and
<br />twddfde of yearly ftrawirse. impalf�s for hazard instance. us ere- twelfth of ground rents out the Property, if any. plus ,all
<br />d yearly Premium installments for mortgage insurance, if any, all
<br />as ttraoaAMY "MmOod initially and two time to tmw by (.ender on the basis of assessments and bills and reasonable estimates thereof.
<br />Tba Funik "N be held in an insi twit a the deposits or ,talus sis of which are insured or guaranteed by a Federal or state agency (including
<br />Leads if Lander is such an usaututlon). ;Lender shall apply the Funds to pay saint taxes, assessments, insurance premiums and ground rents.
<br />Lwdsr ,say not charge for so holding and applying the Farads, analyrirg said account or verifying and compiling
<br />vabai Lacer pays mwrower intn'at on the Funds and applicable law of ng said d tender r m and bills,
<br />permits Lender to matt starch a chuge. tlorrowr. and !.ender any ranee in
<br />writing at the tmhe of execution of this Heed of Tryst that interest on the Funds shall be paid to Bortower, and unless such agreement is modem
<br />K
<br />
|