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DEED OF TRUST 103604
<br />THIS DEED OF TRUST a in&& this 6th day of June
<br />19 86,aw. gdwTrusw,_ EDWARD 1., JOHNSON AND MARY S. JOHNSON, HUSBAND AND WIFF _
<br />(ba de "Stxrorrer"1, AREMD'R. SANCY ATTORNEY AT LAW;
<br />(Yerot� `"i rmtee "1. anti ti6e Haisfidasy.
<br />NOW FEDERAL &AvoM a LOAN AS SOCIAT10N OF GRAND IaLAN0. NE
<br />a oorporatioa orpmiaad cacti asderiq under the hws of NEBRASKA wbose address is 221 SOUTH Loaw, P. O. BOX 1005,
<br />(11AN0 MLAND, HE 4111N2 (herein" Lender" )
<br />BORROWER. in consideration of the mdebtedness herein recited and the trust herein creat ed. irrevocably grants and conveys to Trustee,
<br />in trust, with power of sale, the following described proptxtY located in the County of Hall
<br />State of Nebraska:
<br />THE SOUTHERLY TWO AND FIFTY HUNDREDTHS (S 2.50') FEET OF LOT THIRTEEN (13), AND ALL
<br />OF` LOT 'FIFTEEN (15), IN BLOCK TEN (10), IN UNIVERSITY PLF,CE, AN ADDITION TO THE CITY
<br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />AND
<br />THE NORTH HALF (2) OF THE EAST ONE HUNDRED THIRTY -TWO (132) FEET OF VACATED PROSPECT
<br />STREET BETWEEN BLOCKS TEN (10) AND FIFTEEN (15) MORE PARTICULARLY DESCRIBED AS FOLLOWS:
<br />COMMENCING AT THE SOUTHWEST CORNER OF LOT FIFTEEN (15), BLOCK TEN (10), UNIVERSITY
<br />PLACE AN ADDITION TO THE CITY OF GRAND ISLAND, THENCE EASTERLY ALONG AND UPON THE
<br />SOUTHERLY BOUNDARY LINE OF LOT FIFTEEN (15), BLOCK TEN (10) UNIVERSITY PLACE, A DISTANCE
<br />OF ONE HUNDRED THIRTY TWO FEET (132') THENCE SOUTHERLY THIRTY -FIVE (35'), THENCE
<br />WESTERLY PARALLEL TO THE SOUTHERLY BOUNDARY LINE OF LOT FIFTEEN (15), BLOCK TEN (10)
<br />UNIVERSITY PLACE, A DISTANCE OF ONE HUNDRED THIRTY -TWO FEET (132'), THENCE NORTHERLY
<br />THIRTY FIVE FEET (35') TO THE POINT OF BEGINNING, IN HALL COUNTY, NEBRASKA
<br />which has the address of 2204 N Howard 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 decoad 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 Decd 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 Jtina 6- l f)Rfi
<br />(herein "Note,% in the principal sum of THIRTY THOUSAND FOUR HUNDRED DOLLARS AND NO1I00 - - - - - -- 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 July 1. 2016 ; 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 />aptnoseets of Borrower herein contained; end (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 />than the property is unencumbered, and that Borrower will warrant and defend generally the title to the Property aping all claims and
<br />densiods. mbjeet to any declarations. easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />inari n Lender's interest in the Property
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. r of Psfaeigal cad h rm. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, prepayment stud late charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Dad
<br />of Trost.
<br />2, IL'wab gar Tans aettl Inswaars. Subject to applicable law or to a written waiver by Lender. Borrower shall pay to Lender at the day
<br />moo* inshAu coca of peiaclpal and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds ") equal to one -
<br />twdAk of the yearly Isom and asessrments which may attain priority over this Deed of Trust. and ground rents on the Property, if any. plus one -
<br />twdQh of yaady ptrtas' , initaWnasts for haord insurance. plus onatwelfth of yearly premium installments for mortgage insurance, if any. all
<br />as raasaaabty atiatascd WAW* awd from time to time by Lender on the basis of asses sems and bills and reasonable estimates thereof.
<br />The Fads 9" be held hs an institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />!.cedar if Leader a sutA an institsaiva). Lander &MU apply the Funds to pay said taam assessments. insurance premiums and Stout .d rents.
<br />Leader any not charge for so holding and applyitYt fllc Funds. analyzing said account or verifying and compiling said assessments a:td bills,
<br />unless Leader pays &off~ inures on the Fund I applicable law permits Lender to make such a charge. Borrower and i_etxkr may agree in
<br />writing at the these of enecution of this Decd of 'Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made or
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