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DEED OF TRUST 86-101991
<br />THIS DEED OF TRUST is made this 24th dayof April
<br />19 86 emttongtheTriew, HAROLD J LESSIG Uronarried
<br />(Mervin ••Borrower••), AMEND R. QAACK, ATTORNEY AT LAW
<br />(bersin natee ^),and the BenefMory, HOME FEDEML SAVINGS i LOAN ASSMATION OF GRAND ISLAND, NE
<br />• torporation orgatuaed and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST, P. O. SOX 1000,
<br />ORAND BLAND, ME 00002 (herein "Leader")
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee,
<br />is trust, with power of sale, the following described property located in the County of Hal I
<br />State of Nebraska:
<br />LOT FIVE (5).OF JACK VOSS SUBDIVISION BEING PART OF THE WEST HALF (WW OF THE SOUTHWEST
<br />QUARTER (SW4) OF SECTION TWO (2), TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10) WEST OF THE 6TH
<br />P.M., HALL COUNTY, NEBRASKA.
<br />which ha: theaadreuof 4316 Claussen Road. Grand Island
<br />(STREET) (CITY)
<br />Nebraska 68803 _(herein "Property Address ");
<br />(STATE dt 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 leasehold estate if this feed 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 April 24, 1986
<br />(bads "Note "),in the principal sum of TWENTY FIVF THMISANI) DOIIARS AND Nnilnn ______________ Dollars,
<br />with inurest therws, providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />and payable om Kay 1st , 2001 _ ; 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 />agreements of Borrower herein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Lender
<br />pursuant to paragrapk 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 tide to the Property against all claims and
<br />derasds, subject to any declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />lasuring Leader's interest in the Property.
<br />UNIFORM COVENANTS. Burrower and Lender covenant and agree as follows:
<br />1. raw" of 1>hageipal aN alerest. 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. Fm& fer1sass mill Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day
<br />rmoa tag isN ilhaaus of prbtcipal 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 tarp and assessments which may attain priority over this Deed of Trust, and ground rents on the Property, if any, plus one-
<br />twelfth of yearly presaium installments for Maard insurance, paw one - twelfth of yearly premium installments for mortgage insurance, if any, all
<br />as reasonably estimated initially and imam time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />IV Funds shall be held in an institution the deposits or amounts of which are insured or guaranteed by a Federal or state agency (including
<br />!..ender if Leader is such an irtflitution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums slid ground rents.
<br />L.tadtr may not charge for so holding and applying the Funds, analyzing said arx:ount or verifying and compiling said asseasnrents and bills,
<br />wakes Lender pays Bmtowet interest on the Funds and applicable law permits lender to make such it charge. Borrower and Lender may agree in
<br />writing and the time of tateution of this I:WW of I rust that interest on the i unds shall he prud to Ekirrower, and unless such stirrentettt 14 made or
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