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^'THIS
<br />Sea
<br />in to
<br />' State
<br />DEED OF TRUST
<br />$6-- 102610
<br />OF TRUST is made this 20th day of May
<br />.Tru.w, NICKIE J. KALLOS AND ROSEMARY YALLOS. HUSBAND AND !JIFF
<br />1. AREND R. RAACK. ATTORNEY AT LAW
<br />std the Bomiciaty. HOW FEDERAL SAVIN IS i LOAN ASSOCIATION OF GRAND ISLAND, NE
<br />1511111 and costing under the Iawz of " NEBRASKA _ whose address is 221 SOUTH LOCUST. P. O. BOX 1009
<br />A NE NM (herein "Lender ")
<br />.. in comiderattimof the indebtedness herein recited and the trust herein created, irrevocably Starts and conveys to Trustee,
<br />if sale, the following described property located in the County of Hal I
<br />THE NORTH 66 FEET OF LOT FIVE (5) AND ALL OF LOT SIX (6), IN BLOCK NIiETEEN (19),
<br />IN THE ORIGINAL TOWN OF GRAND ISLAND, HALL COUNTY, TIECRASKA
<br />AND
<br />LOTS SEVEN (7) AND EIGHT (r:), IN BLOCK THREE (3), IN BOGGS AND HILL'S ADDITION
<br />.0 THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />AND
<br />LOT FIVE (5) IN BLOCK THIRTY -NINE (39), IN PACKER AND BARR'S SECOND ADDITION TO
<br />THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />AND
<br />LOTS THREE (3) AND FOUR (4) IN BLOCK FIFTEEN (15) IN FAIRVIEW PARK ADDITION TO THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />1111 -1115 W. 10th St. , 108 & 108t2 E. 5th St.
<br />which hu the address of 511 N. Pine. 2127 & 2129 W. 13th, 134 N. Grace Grand )eland
<br />(STREET) (CITY)
<br />Nebraska 68801 & 68803 (herein "Property Address"),
<br />(STATE do 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 (a the lawbold estate if this Deed of Trost is on is 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 Maly ? (] , 198.6
<br />(herein "Note"), in the ptirdpal sum ot NINETY ONE THOUSAND FIVE HUNDRED M) - - - -- Dollars,
<br />with iaseraR thereon, providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />and payable on JUNE 1St 2001 ; the payment of all other sutras,
<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 />agreemetau of Borrower herein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Lender
<br />pionaot to paragraph 21 haeof (herein "Future re Advances ").
<br />Borrower tmvatants 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 />daetSSda, subject to any declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />boating Larder's Interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Leader covenant and agree as follows:
<br />L Payraatt of lrindgM and Laawa. Borrower shad promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, prepaynnat and late ehatgea as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />Of Tart.
<br />L :tads for Tana ltd Itatratee. Subject to applicable law or to a written waiver by Lender. Borrower shall pay to Lender on the day
<br />mm* howdl tsarts of principal and interest are payable user the Note, until the Note is paid in full, a sum (herein "Funds") equal to one-
<br />L"Nit of dla yearly taxes and awespaetus which may &data priority ova this Deed of Trust, and ground rents on the Property, if any, plus one•
<br />twtdffh of yearly premium ioraatltriemu for hazard insurance. plus one- twelfth of yearly premium installments for mortgage insurance, if any, all
<br />as roomobly aithowi ll initially and from time to titre by Leader on the buis of anexsmmts and bills and reasonable estimates thereof.
<br />The Funds Mail be held in an institution the dvocisits or accounts of which are insured or guaranteed by a Federal or state agency ( including
<br />I ea I if Lades is aich an ai aituuioak. Lawler shall apply the Funds to pay said taxes. amessments. insurance premiums and ground rents.
<br />Lender am art charge for so hoping and applying the Fonds, analyzing said account of verifying and compiling said essessmeno and bills,
<br />maim Lender paps Borrower interest as the Funds aad applitatbk law permits Lender to make such a charge. Borrower and L ender may agree in
<br />writing at the time of exetrisdo m of this Drtd of T r at that interest on the Funds shall be paid to horrt.wer, and unless such agreement is made or
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