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DEED OF TRUST 8G-" 104,940
<br />THIS DEED OF TRUST is trade this r'tth day of Aisglict
<br />13. $6_.among the Trustor, FRANKI IN F„ U F7AY ANQ t<ARI A .l rU F-7 }ltrchartrl and Wifp
<br />@fetch "Borrower "), AREND R. BAACK , attD.. .-Y
<br />ftrew '7t tae "). tad the 8cnefsci", "M,FVA0AiL &WNW i l C1Ait A_$$=* #"I OF MWO MAW �fE
<br />•rorpasatimn orpi» ued and existing under the lam *f AKA Whose address i ' 2b IMtiM tOMW R tk SO 3f iGQI, _ -
<br />BMilhlD MtANQ, 11E IM (herein ',Leach" )
<br />SMOWU, in consideration of the indebtedness he em recited and the reuse herds exacted, irttvod►blyl{reatsA#td conveys toTz x; -
<br />in utist, sdtis power ofsale. the tdtowittlI described ptrrperty koated lathe Cotmty of l(Af ]
<br />Staff of Nebratdta
<br />LOT EIGHT (8), IN BLOCK TEN (10), IN SCHIMMER S; ADDITION TO THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />which has the address of 311 West 13th Street Grand Island
<br />(STRFI n (CITY,,
<br />Nebraska 68801 __(heroin - 13ropertyAddreW );
<br />(STATE & ZIP CODE)
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all casments. rights, appurtmassees, rc=
<br />(subject however to the rights and authorities given haxin to Lender to a AIW and apply such rents), royalties. min aai; Wand gas rights and
<br />Profit s, 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 remaiaa a pan 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 Deed of True is on a €casehoid) are herein referred to a: the - PropetW'.
<br />TO SECURE to Leader (a) the repayment of the indebtedness evidenced by Borrower's now dated AU945 t 29. 1986
<br />( herein "Note "), in the principal wmof SEVENTEEN THOUSAND FIVE HUNDRED FIND NO/100 - - ---- --- -- - - -- ,
<br />with interest thacon, providing for monthly Installments of principal and interest, with the balance of the indebtedness. if not sooner -pau1, etuc -
<br />andpayablean September I 2001 the payment of all other snorts,
<br />with interest thereon, advanced m accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and
<br />agreements of Borrower heron contained; and (b) the repayment of any future advances, with interest then cin, made to Borrower by Leader
<br />Pursuant to paragraph 21 hereof therein "Future Advances").
<br />Borrower covenants that Borrower is lawfully seised of the esra:. hereby conveyed and has the right to grant and convey the Property,
<br />that the Property is uncocumbemd, and that Borrower will warrant and defend generally the We to the Property ttgamst all dasmts and
<br />demands. subject to any declarations, easements or restrictions listed in a schedule of exceptions to coverage . it�jmy utl -o -°y
<br />insuring Lender's interest in the Property.
<br />UNIFORM COVENANTS. Borrower sad Lender covenant and agree as follows
<br />I. Payment of Priaeipal mW Interest. Borrower shall promptly pay when due the principal of and interest on the inda6xcdness evidenced
<br />by the Natc, Prepay— and late charges as provided us the Note, and the principal of and intaest on any Future Advances =cured by this Deed
<br />of Trust.
<br />2. Funds for Taaaa aN Iawance. Subject to applicable law or to a written waives by Leader, Borrower shall pay to Lender on the day
<br />taonthly in"Imaotsof principal and interest are payable under the Note. until the Note it paid in full, a stun (herein "Funds ") equal to core*
<br />itwelfih of the yearly taxes aced asseuments which may attain priority over this Deed of Trust, and ground rents an the Property, if any. plus one-
<br />twelfth of yearly premium installments for hazard insurance. plus one- twelfth of yearly premium installments for mortgage inssirtsnoc. if nay, all
<br />at reasonably estimated initially and from time to time by Lends on the basis of asstunscuts and bills and reasonable estimates thereof.
<br />The Futsds shall be held is an institution the deposits or accounts of which are hwured or guaramteod by a Federal or state agency (including
<br />Lender if Lender is such an institution). Laster shall apply the Funds to pay said taus, assessments, insurance premiums and ground rents,
<br />t-Wes may out charge for sat holding and applying the Funds, analyziall said aaaum or verifying and comps'hing said assessments %n_j bills,
<br />unless Leader pays Borruwcc interest on tit Funds and applicable law permits Lender to make such a charge. Borrower and Lender may agree in
<br />writing at the time of execution of tins Dud ^, 1 'oustt that intern-• rn the Funds shall be paid to Bormwcr, ante unrest such agreenicrit is made c°r
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