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which has the address of 403 West Avenue _ Grand Island (STREET) (CITY) Nebraska 68803 _ ---(herein "Property Address")-. (STATE 3 ZIP CODE) TOGETHER with all the improvements now or hereafter erected on the property, and all casements, rights, appurtimson ,, rents (subject however to the rights and authorities given herein to Lender to collect and apply such rents), royalties, mineral, oil and gas rights and profits, water. water rights, and water stock, and all fixtures now or hereafter attached to the property, all of which, including rrylacerimms and 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 said'ptoputy (or the leasehold estate if this Deed of Trust is on a leasehold) are herein referred to as the "Property "; TO SECURE to Lender (a) the repayment of the indebtedness evidenced by Borrower's dote dated June 30- 1986 (herein "Note "),in the principal sum of Spvpntrpn Thm,cwnrl Fi .a Hundred and Nolil= Dollars, with interest thereon, providing for monthly installments of principal and interest, with the balance of the indebtedness. if not sooner paid, due and payable on ldlj y i'; 1996 the payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and a{rg meats of Borrower herein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Lender pursuant to paragraph II hereof (herein "Future Advances'). Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property, that the Property is unencumbered, and that Borrower wilt warrant and defend generally the title to the Property against all claim and dtewAds, subject to any declaration, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy in iting Leader's inserw in the Property. UNIFORM COVENANTS. Borrower a W Lewder covenant and agree as follows: I' lhtl' *f,lnkadpat and I111arest. Borrower shall promptly pay when due the principal of and interest on the indebteduen evidenced by the Now, Premium and late charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed Of Trot. i PWs Ow tuna cwt luuaue. Subject to applicable few Or to a written waiver by Lender, Borrower shall pay to Lender on the day montatr Walalhniests of pririd W and interest are payable under the Note. until the Note is paid in full. a sum (herein "Funds') equal to one - 4 tweffth of the yearly taxes and u.euasmts which may attain priority over this Deed of Trust. and pound rents on the Property, if any, plus one - k' twdAh of yaatfy premAum hiaidlmenU for lizard Insurance. plus one- twelfth of yearly Premium Installments for mortgage insurance. if any, all as M"01MAbty athatiMd itwially and from time to time by Lender on the basis of assessments and bills and reasonable estimates thrreof. The Finds AM be held In an iaatitution the Sepoeits or accounts of which are Insured or guaranteed by a Federal or state agency (including Lander if IAwftr is such an i utittttion). LetWer shall apply the Funds to pay said cues. assessments. insurance tiremaums and ground rents. le Leader may wit charK for so hoidiati and apptyittg the Funds. analyzing said account or verifying and compiling said assessments and Iwlis, wAssa Landor Pari borrows h1WFVA on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender may agree in writing 01 the WHO of execution Of" Deed of Taut that interest on the funds shat! be paid to Bturower, and unimt such agreement is nude or