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DEED OF TRUST 86— 104$98
<br />?Rth dayof _Arrtrt <t
<br />THIS HEED OF TRUST is made this and Wife
<br />19 86 among theTrustor,__ LONNIE R. KARRE AND gINAtf P RR�
<br />KAy�{,(tSly3fKl
<br />(herein "Borrower"), AREND R. BAACK attdrne
<br />rein "Trustee "), and the Benetieiaty, HOME FEDt" " SAYINGS f LOAN ASSOCIATION OF QI;AFiD tSLAND NE
<br />tteurporat)on orgattired and existing under the laws of NEBRASKA whose address is 221 SOUTH - LOCUST P. 0. BOX 1099
<br />taaN6 Ist�ND NE blW2 (herein "i.ender" ).
<br />BORROWER, inconsideration of tht indebtedness herein recited and the musk'herein treat dA cvoca6iYSrsnts attd mmrcys to Tnsstee.
<br />in uteri, with power Of We. the following described property located III the County of
<br />` Snte'nf Nebraska:
<br />LOT TWENTY (20), WHITES SUNNY SLOPES`SUBDIVISIM4, PART OF THE NORTHWEST QUARTER
<br />(N114) OF SECTION TWELVE (12), TOWNSHIP HIRE (9) NORTH, RANGE TEN ,(IO'), ItIEST. OF THE
<br />6TH P.M., HALL COUNTY, NEBRASKA.
<br />whim has the address or 227 Hi11top Road Doninhan
<br />(STREET) (CITY)
<br />_ lebras ka 68832 (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 />(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, an ofwhich, includingreplaceracm and
<br />additions thereto, shall be deemed to be and remain a pan of the property covered by this Heed of Trust; and a 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 ABnFa S t 28, 1986
<br />(herein "Note"), in the principal sum of "RENTY IWO. THOUSAND cFVEN HUNDRED AND NOI10O -----
<br />""" "'Dollars.
<br />with interest thereon, providing for monthly it sWlme its of principal and interest. with the balance of the indebtedness, if not sooner paid, due
<br />and payable on Se)3tetstber 1 , 2001 ; the paynscat of all other stuns,
<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"Futurr 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 />1. Payaatat of Petadpat sad laurmt. Borrower shall promptly pay when due the principal of and intsrest on the iadebtcaness evidenced
<br />by the Note, prepayment mW late charges as provided to the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />of Trust.
<br />2. Fusels for Tanta aael lawman. Subject to applicable law of to a written waives by Lender. Borrower shall pay to Leader an the day
<br />monthly iasta11111=94 of principal and interest are payable under the Note. until the Note Is paid in full, a sum (herein "Funds") equal to one-
<br />SWAM of the yearly taxes and assessments which nary attain priority ova this Deed of Trust. and ground rents on the Property, if any, plus one -
<br />rwdfth of yearly premium insaldments for hazard insurance, plus one-twelfth of yearly premium installments for mortgage insurance, it nay, all
<br />as reasonably estimated irdtially mad from time to tint by Lacier on the basis of assessments and bills and reasanab)e estimate thereof.
<br />7 he Funds shall be held in an institudon the deposits or accounts of which are insured or guaranteed by a Federal at :state agency (including
<br />Leader if Ltnder is such an institution), l,mrdar shaft apply the Funds to lay said taus, assessments. insurance premiums and ground rents.
<br />Leader may not charge for to holding and applying the Funds. astalysing said account or verifying and comptiiva said assessments AAJ bills,
<br />unless Lender pays botfowtr interest on the Funds and npplieatrtt law permits i erttler to make such a charge. Borrower and t cadet may agru in
<br />wetting at the tame of erctcutian of this Dead ^r'rr asst that lntertri +Nn the Funds shall be paid to Borrower, and unless such agrormcm is made o,-
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