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<br />THIS DEED OF TAUS[ is made I
<br />19 86 . sawn{ On Tnow, PET
<br />the Beneficiary,
<br />DEED "OF TRUST
<br />25th day of July
<br />aH CAPUTO AND MARGARET MARY- CAPUTO, husband and wife
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<br />a corporation ortanized and etosting under the laws of NEBRASKA whose address is 221 SOUTH LOCUST, P. O. BOX 1000,
<br />a11ANO ISLw% NE 0M02 (herein, - Lender..).
<br />BORROWER, inconsideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee,
<br />in trust, with power of sale, the following described property located in the County of HALL
<br />State of Nebratlks:
<br />LOT ONE (1), IMPERIAL VILLAGE SEVENTH SUBDIVISION, TO THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
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<br />which has the address of 2619 West State Street Grand Island
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<br />Nebraska 68801 (herein "Property Address "); \,
<br />(STATE &ZIP CODE)
<br />> TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents
<br />( jl (subject however to the rights and authorities given herein to Lender to collect and apply such rents), royalties, mineral, oil and gat 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 />Dadditions 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 />0 said property (or the leasehold estate if this Deed of Trust is on a leasehold) are herein referred to as the "Property ";
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<br />TO SECURE to Lender (a) the repayment of the indebtedness evidenced by Borrower's note dated July 25th, 1986
<br />(herein "Note" ),intheprincipalsumof FORTY FOUR THOUSAND AND Nn[11f n-- -_------------------- _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 Ar Qu s . 1 - 2nd 1 ; 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 Pron -- . ,
<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 />1. Paynsamt of Pfbrigr aM !slams. 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 Taut.
<br />2. Faults for Teas aM Reentrance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day
<br />monthly installments of principal and interest are payable under the Note, until the Note is paid in full, a stem (herein "Funds ") equal to one -
<br />twelfth of the yearly taxes and assessments which may attain priority over this Deed of Trust, and ground rents on the Property, if any, plus one -
<br />ranifth of yearly premium installments for hazard insurance, plus one - twelfth of yearly premium installments for mortgage insurance. if any, all
<br />rs reasonably estimated initially and from time to time by Leader on the basis of assessments and bills and reasonable estimates thereof.
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<br />The Funds shall be held to an institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />leader if Leader is such an institution). Lender shall apply the Funds to (sty said taxes, assessments, insurance premiums and ground rents.
<br />Imider may not charge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments anc: hills,
<br />unless Lander pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Iruder may agree in
<br />writing at the time of execution of thw De,rd of "f rust that interest on the Funds shall be paid to Borrower, and unless such agreentrnt is made or
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