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gin OF TRUST sdam bards reherd and the trust derma crowed, gramb sad coovey to Tholoo, property located in the County of HALL LOT ONE (1) AND THE EASTERLY THREE AND EIGHT TENTHS (3.8) FEET OF LOT TWO (2), IN BLOCK TWENTY SEVEN (27) IN RUSSEL WHEELER'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, which has the address of 103 West 11th Street Grand Island____ (STREET) (CrM _ Nebraska 68801 (heron'•Property Address "); (STATE & ZIP CODE) TOGETHER with all the improvements now or hereafter erected on the prorerty, and all easements. rights, appurteaasoeb rents (subject however to the rights and authorities given herein to Leader to collect and apply such rents). royalties. nniocxal, oil and ps ruts aad profits, water, water rights, and water stock, and all fixtures now or hereafter attached to the property, all of which. including rephoemahts and additions thereto, shah be deemed to be and remain a part of the property covered by this Deed of Trout; and all of the foregoiag, together with said property (or the heasebold estate if this Deed of Trust is on a leasehold) are herein referred to as the "Property "; TO SECURE to Leader (a) the repayment of the indsdn ess evidenced by Borrower's note dated September 16- 1986 FIFTEEN (herein •'Note'•), in fife principal stun of r z r � « :� THOUSAND ONE HUNDRED THIRTEEN AND 401100-1 ------ ---- Dollars. with interest thereon, providing for monthly installments of principal and interest, with the balance of the uxk btednen, if Lot sooner peed, due and pay" on September 16 ♦ 1991 ; the payment of all other sum, with interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and agreements of Borrower herein contained; and (b) the repayment of any future advances, with interest thereon. made to Borrower by Leader pursuant to paragraph 21 hereof (herein "Future Advances "). Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property. that the Property is unencumbered, and that Borrower will warrant and defend generally the title to the Property "Wan all claim and demands, subject to any declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy insuring Lender's interest in the Property. UNIFORM COVENANTS. Borrower and Leader covenant and agree as follows: 1. Paynnert of hiatdri and homL Borrower shall promptly pay when due the principai of and interest on the indebtedness evidenced by the Note, prepayment and We charges as providai in the Note, and the principal of and interest on any Future Advances secured by this heed Of Trust. L Faeft for Tatty and Subject to applicable taw or to a written waiver by Lm der, Borrower shall pay to Lender on the ray Momltly inKmanwats of pri K*W and iatlaat are payable under the Note. until the Note is paid in full, a sum (heroin "Funds ") egwtl to 009- twelfth of the yearly taxes and asessments which may attain priority over this Deed of Trust. and ground rents on the Property. if Buy. Phu oaa- tvW* of yearhlr premium insaUmmu for hazard insurance. plus one-twelfth of yearly prMium instaltmeats for noripp insurance, if any, all as rewsowbhy swbnsasd initiaYy sad from time to time by Leader on the basis of assmements and bill: and reaseonaWe exinnaes tbvmf. The Pueds shall behold in an institution the deposits or accounts of which are insured or guaranteed by a Federal oc state agereY Oucldding Leader it fender is such an institution). Lender shall apply the Funds to pay said taxes, assessments. insurance preniunrs and grtmad rents. Leader swab not charge for to holding end applying the Funds, analyzing said account or verifying and cohnPihng said assessments and bills, unless Leader pays Borrower interest on the Funds and applicable law permits Leader to (make such a charge. Borrower and Leader may ague in writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to Borrower, sad unless such went is made or