|
DEED OF TRUST
<br />THIS DEED OF TRUST is aetde this
<br />19 86 ,s theTrusw,DENNIS M. WALZ AND-'
<br />(hada'•Borrower ,*), Aft
<br />86-- 104195
<br />and wi e
<br />-- -
<br />oo ' poratioa orprrmd and eaistiag under the taws of MEt11ABM whose address is 221 SOUTH LOCUST, I'm 0. NVA '101M.
<br />OIIhND {BAND NE slim ( berein "Lender-).
<br />BORROWER, in consideration of the redness herein recited and the trust herein crated. irrevocably grants and conveys to Trustee,
<br />in trust, with power of sae, the following in the County of HAI I
<br />wing described Property ,
<br />mate of Nebraska:
<br />LOT ONE (1), HERITAGE ACRES SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />which hastheaadressof IS16 Church Pnaei Grand Island
<br />(STREET) (CITY)
<br />Nahra c Ica _(herein "Property Address ");
<br />(STATE A ZIP COD )
<br />TOGETHER with all the improvements now or hereafter ercr ted 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 Dead of Trust is on a leasehold) are herein referred to as the ' `Property ";
<br />TO SECURE to Len der (a) the repayment of the indebtedness evidenced by Borrower's note dated t t i 1 ry 22, -198 f
<br />(hereW141#J "),inthepriridpoisumof FORTY THOUSAND FIVE HUNDRED AND NO /100--- - - - - -- - - - - -- 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 August 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 />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 />inswing L sder's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. paymew led Rrlaei/o[ d h uetwt. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />du
<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 Trust.
<br />2. Faa/a for Tam said lasersom. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day
<br />monthly instaibaeau of principal and interest are payable tinder the Note, until the Note is paid in full, a sum (herein "Funds ") equal to one-
<br />twelfth of the yeearly taxes and assessments which may attun priority over this Deed of Trust, and ground rents on the Property, if any, plus one -
<br />twelfth of yearly Area uu m installments for hazard insurance, plus one - twelfth of yearly premium installments for mortgage insurance, if any, all
<br />as rcsswabiy estimated 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 deporits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />Lender if Leader is such an institution). Lender shall apply the Funds to pay said taxes, assessments, insurance prenuums and ground rents.
<br />Lender tray not charge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and bills,
<br />unless Lender pays Burrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and lender may agree in
<br />writing at the rusk of exccutxm of this bleed of Trust that interest on the Funds shall be paid to Horrowci , and unless u, ii agreement is made .1:
<br />ti
<br />
|