|
f
<br />DEED OF TRUST
<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 declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />insuring Lender's interest in the Property.
<br />UNIFORM COVENANTS, Borrower and Lender covenant and agree as follows:
<br />I. Paymeat el Frtad/at said Iataear. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, prepayment and late charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />of Trost.
<br />2, Faatls for Two sad lasaraaee. Subject to applicable law or to a written waiver by Lender. Borrower shall pay to Lender on the day
<br />monthly iestailAmts 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 taxes and aswssmaus which may attain priority over this Deed of Trust, and ground rents on the Property, i f any, plus one -
<br />twelfth of yearly premium installments for hazard insurance, plus one- twelfth of yearly Premium installments for mortgage insurance, if any, all
<br />as reasonably aumated initially and from time to time by Lender on the basis of assessments and bills 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 />Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents
<br />Lender may not charge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessment, and hi,i.,,
<br />unless Lender pays borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lrnder ma) agree m
<br />writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to Borrower, and unless such aturrntenu ;, made or
<br />THIS DEED OF TRUST is made this 14th
<br />86 day of July
<br />f
<br />19 BRUCE I. SMITH AND JUDITH ANN SMITH husband and wife
<br />(1te<mn� ttheTrmaor,
<br />AREND'FL BAAC!C ATTORNEY AT LAW'
<br />( btxeLt "Trtutee'7. and die Batefiettvy. F1p0
<br />FEDEIIAL SAVfg03 i LOAN A3iOGAT10N OF GRAND ISLAND, NE
<br />a aAaiaed and aasdoL under the laws of NEiRASIfA whoaeaddressis 221 SOUTH`LOCUST' P. O BOX 100
<br />AIIAND 1lLA1tR1..
<br />_<
<br />NE M202 (berets "Leader'').
<br />.:
<br />BORROWER, is consideration of the indebtedness herein recited and the trust herein crated, irrevocably grants and r�tm
<br />in `KYs Trustee,
<br />trtuc; with power of sale, the following described property located in the County of HALL
<br />Slue of Nebraska:' ,
<br />ALL OF LOT ELEVEN BLOCK TWO (2), IN REPLAT OF RIVERSIDE ACRES, AN ADDITION TO
<br />THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />AND
<br />A TRACT OF LAND COMPRISING A PART OF LOT TWELVE (12), BLOCK TWO (2), REPLAT OF RIVERSIDE
<br />ACRES, AN ADDITION TO
<br />THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA, MORE PARTICULARLY
<br />DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHWEST CORNER
<br />OF SAID LOT TWELVE (12), THENCE
<br />EASTERLY ALONG THE NORTH LINE OF SAID LOT TWELVE (12), A DISTANCE OF FORTY (40.0) FEET;
<br />THENCE SOUTHEASTERLY, A DISTANCE OF ONE HUNDRED EIGHTEEN AND SEVEN TENTHS (118.7) FEET
<br />TO THE SOUTHEAST CORNER
<br />OF LOT ELEVEN (11), BLOCK TWO (2); THENCE NORTHWESTERLY ALONG
<br />THE SOUTHWESTERLY LINE OF SAID LOT TWELVE (12), A DISTANCE
<br />OF ONE dU DRED THIRTY -TWO
<br />(132.0) FEET TO THE PLACE OF BEGINNING.
<br />Z
<br />CO
<br />'
<br />_ 3
<br />- n
<br />_
<br />co ± b_
<br />S
<br />J J • Ci7 jr
<br />> (1 N CD
<br />N O
<br />.
<br />N
<br />which has the address of 2209 Arrowhead Grand Island
<br />(STREET)
<br />(CITY)
<br />Nebraska 68801
<br />(herein "Pro
<br />(STATE & ZIP CODE) "Property Address ");
<br />TOGETHER with an 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
<br />,
<br />'
<br />to collect and apply such rents), royalties, mineral, oil and gas rights and
<br />er l and igh
<br />Profits, water, water rights, and water stock, and all fixtures now or hereafter attached to
<br />the property, all of which, including replacements and
<br />additions thereto. shall be deemed to be and remain a part of the
<br />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 repayment of the indebtedness evidenced by Borrower's note dated 14 14AF
<br />_ -1111y .
<br />(herein "Note"), in the principal sum of ONE_ HUNDRED TWENTY EIGHT TH"t SAND NINE
<br />HUNDRcn ANn N ; l liars
<br />with interest thereon, providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner
<br />and pay" on rAtio4st 1 2001 paid, due
<br />with interest thereon, advanced m accordance herewith to protect the security of this Deed of Trust; and the the payment he all other sums,
<br />Performance of the covenants
<br />and
<br />agreements of Borrower herein contained; and b the re
<br />O payment 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 />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 declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />insuring Lender's interest in the Property.
<br />UNIFORM COVENANTS, Borrower and Lender covenant and agree as follows:
<br />I. Paymeat el Frtad/at said Iataear. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, prepayment and late charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />of Trost.
<br />2, Faatls for Two sad lasaraaee. Subject to applicable law or to a written waiver by Lender. Borrower shall pay to Lender on the day
<br />monthly iestailAmts 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 taxes and aswssmaus which may attain priority over this Deed of Trust, and ground rents on the Property, i f any, plus one -
<br />twelfth of yearly premium installments for hazard insurance, plus one- twelfth of yearly Premium installments for mortgage insurance, if any, all
<br />as reasonably aumated initially and from time to time by Lender on the basis of assessments and bills 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 />Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents
<br />Lender may not charge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessment, and hi,i.,,
<br />unless Lender pays borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lrnder ma) agree m
<br />writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to Borrower, and unless such aturrntenu ;, made or
<br />
|