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Din of •rxusT s6_ 1034
<br />1 DEED OF TRUST k this day of June
<br />19 86 ��T�, JOHN W MERINO NANCY J WELTY a /k /a NANCY J BAKER. HUSBAND_AND_1JIFE
<br />(haeia --Borrower" ), ARMO R. &MCK ATTORMEY AT LAW
<br />(b do 4- TtUKae'D, teed the eateficiary, HOME FEDEML EAVIMM & LOAN ASSWATM OF QMN0 MMO. f*
<br />a corpoeatioa oegaai ed and eaisda{ under the laws of NEBRASKA whose address is 711 SOUTH LOCUST, R. O. BOX 1008,
<br />OIIAND NAM NE UM (herein "L.eader" ).
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee,
<br />in trot, with power of sale, the following described property located in the County of Hal I
<br />State of Nebraska:
<br />LOT TEN (10), WEST BEL AIR FIFTH ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />which has the address of 1742 So. Curtis Grand Island
<br />(STREET) (CITY)
<br />Nebraska 68803 _(herein "Property Address ");
<br />(STATE alt 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 Deed of Trust is on a leasehold) are herein referred to as the ' `Property ";
<br />TO SECURE to Lender (a) the reps ent of the indebtedness evidenced by Borrower's note dated June 20. 198 6
<br />(herein "Note"), in the principal sum of IC-IFTY THOUSAND DOLLARS AND NO /100 --------------- - - - - -- Dollars,
<br />with interest tberaoo ovidmig for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />and paw on ,�u y 1, 2016 ; the payment of all other stuns,
<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 Burrower herein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Lender
<br />pursuant to paragraph 2t 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 />deetoda, subject to any declarations, easements or restrictions listed in a schedule of exceptions to coverage in arty title insurance policy
<br />inwaYrg Leader's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Pay seM $1111, ed Isiftna. Borrower shall promptly pay when dote the principal of and interest on the indebtedness evidenced
<br />by the Npte, prepeysent and late charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />of Treat.
<br />2. Fee& fer Tara said Iwnnes. Subject to applicable law or to a written waiver by Lender. Borrower shall pay to Lender on the day
<br />monthly inusibiaants of principal and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds') equal to one-
<br />L twdith of the yearly tun and assessments which may attain priority over this Deed of Trust, and ground rents on the Property, if any, plus one -
<br />twoM of yearly presides installments for hazard insurance, plus one-twelfth of yearly premium installments for mortgage insurance, if any. all
<br />as reasonably awiwased initially end from time to time by Lender on the basis of assessments and bilk and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />[.ender if Lauder is such an institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents.
<br />L.eada wry ant cbwge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and bills.
<br />unless Lauder pays Borrower imeren on the Fonds and applicable Law permits Lender to make such a charge. Borrower and Lender may agree in
<br />wmisy at the time of execution of this Deed of Ttust that interest on the Funds shall be paid to Borrower, and unless such agreement is made or
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