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<br />96-- 103474
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made this 23rd d„y ff June
<br />19 86 ,,wgtMT,,W, DOUGLAS L. ADLER AND JANICE R. ADLER, husband and wife
<br />(herein "ftrowa'), ANWD R, 3"CK, ATTORNEY AT LAW
<br />(berde "Tramee"), and the Beneficiary, NOME FEOd1AL SAVRM & LOAN ASGOCIATWN OF GRAND ISLAND, HE
<br />a carpontios erpniaed and enrich under the laws of NEEIIAIKA whose address is 721 SOUTH LOCUST, P. O. BOX 1008,
<br />QPJM WAND Irk O ( berein "Larder ").
<br />BORROWER, is comidantion of the indebtedness berein recited and the trust herein created, irrevocably grants and conveys to Trustee,
<br />intrust, with pow- of sale, the following described property located in the County of HALL
<br />State of Nebraska:
<br />LOT THREE (3), BLOCK ONE (1), WEST BEL AIR ADDITION TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />which has the address of 1610 South Blaine Grand Island
<br />(STREET) (CITY)
<br />Nebraska 668D3 (herein "Property Address ");
<br />(STATE dt ZIP CODE)
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all casements, 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 futures now or hereafter attached to the property, all of which, including replacements and
<br />addition& 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 leasebold estate if this Deed 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 June 23, 1986
<br />(herein "Note"), in the principal sum of FORTY SIX THOUSAND FIVE HUNDRED AND NO /100--------- - - - - -- Dollars,
<br />with interest thereon, providing for monthly installments of principal a interest, with the balance of the indebtedness, if not sootier paid, due
<br />and paw on J and uly 1, 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 />ptuatmnt 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 />that the property is unencumbered, and that Borrower will warrant and defend generally the title to the Property against all claims and
<br />demands. subject to any dedaratioru, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />insuriag Lgader's interest in the Property.
<br />UNIFORM COVENA M. Borrower and Lender covenant and agree as follows:
<br />1. Payment M lteineignl ad bs nwL Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, prepayment and Lie charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />of TrWL
<br />L V*mb for Taxes mill bwnroe. Subject to applicable law or to a written waiver by Lender, )borrower shall pay to Lender on the day
<br />mowJft instdbum of principal 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 tam and araammts which may attain priority over this Iced of Trust, and ground rents on the Property. if any, plus one-
<br />twdftb of yearly presainin itutallaeats far hazard insurance, plus one -twelfth of yearly premium installments for mortgage insuraa, e, if any. all
<br />as reasonably esda ted initially and from rise to time by Lender on the basis of twasments and bills and reasonable estimates thereof.
<br />The Fuels shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />Leader if Lender is such an iss itution), Lwder shall apply the Funds to pay said taxes, assessments. insurance premiums and ground rents.
<br />L icier may sat charge for so holding and applying the Funds, analyr ng said account or verifying and compiling said assessments and bills.
<br />uslas Leader pays Bonower intern on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender may agree in
<br />writing at the time of execution of this Deed of Trust that interesn on the Funds shall be paid to Borrower, and unless such agreement is made or
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