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dil N0 M j _MS — owda.14wer'f l c>aueo�r>a�t, iw ootsaida<atios oYdts isUMe sees iw�ha netted a.a the twat iaeis enand, inevoeeMy d» and - ,swops ee h ow; it ttmst; wh powe of sale, the fobosehtg deaerl6ai popety located iw the County of HAI I , LOT NINE (9) BLOCK FIVE (5) IN CLAUSSEN COUNTRY VIEW ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. whichhastheaddressof_ 931 South flaussan Grand TCjannd (STREET) Nehra s ka 68801 _ (berdn "Property Address "); (STATE & ZIP CODE) TOGETHER with all the improvements now or hereafter erected on the property, and IS asemenu. rights, appurtmeooes, rents (subject however to the rights and authorities given herein to Lender to collect and apply sub rents), royalties, mineral, oil and ns rights and profits, water, water rights, and water stock, and all futures now or bereaftcr attached to the property. all of which, including nWhOe MU and additions thereto, :.hall be deemed to be and remain a part of the property covered by this Deed of Trust; sad all of the foregoing. too" with said property (or the leasehold estate if this Deed of Trust is on a leasehold) are herein referred to as the "Property "; TO SECURE to Lan der (a) the repayment of the indebtedness evidenced by Borrower's note dated 5=t etnht-r 16. 1986 ( herein "Note"), intbeprindpal sum of ELEVEN THOUSAND ONE HUNDRED FORTY SEVEN AND N01100 -------- Dollars. with interest thereon, providing for monthly instAunwots of principal and interest. with the balance of the indebtedness. if not sooner paid. due and payable on September 20 1990 ; the pay== of as other sums, with interest thereon, advanced in accordamoe herewith to protect the security of this Deed of Trust; and the performance of the oovesaats and agreements of Borrower herein contained; and (b) the repayment of any future advances. with interest thereon, made to Borrower by Lander purwamt to paragraph 21 hereof (herein "Future Advances"). Borrower cove saou that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property, that tie Property a ww a nibered, and that Borrower will warrant and defend generally the title to the Property against all claims and descends. subject to say declarations, easements or resviaions tilted in a schedule of exceptions to coverage is any title insurance policy mesidag LaWs interest in the Property. Uwn;MM COYENAMM Borrower and Lendes covenant and agree as follows; t. rem -t a[ PeiatJp! eel Inhrut. Borrower sbatl promptly pay when due the principal of and interest on the indebtedness evidenced by the Note, prepaI and late charges is provided in the Note. and the principal of and interest on any Future Advances secured by this Deed of Tart. L ►seder !err Tests i ni lras w"M Subject to applicable law of to a written waiver by Leader. Borrower shell pay to Leader as the day moaft iwu llnesets of prirtaipd and insareat are payable under the Note. until tie Note is paid in full. a sum (berein "Funds ") equal to one - twlNth of the yo rly tarsi sad asaeaasasu whidt may attain priority over this Deed of Trutt. and ground rents an the Property. if say, pin one- twelfth d yearly presiunm i.naWuents for hoard iaaursem. plus one -twelfth of yearly pretalus iasWlr.mfs for teortim insurance. if say. all as raesaeaMy sstittwed hsitially and from tune to time by Letmder on the ban of umtsars and bills and reasorualnk antimates thereon. "a Ponds shell beheM in me institution the deposits or accounts of which are insured at guarantad by a Federal or state apacy (including Leader if Lester is sash as histitwitia) JAnder shall aptly the Punds to pay taw taxes, Mane sails, insurance prawases end Wound rays. Lee" racy so caws for sot bolding and applying the Frauds, analysing said account of venryuW and compiling said assessments and bias. unless Lender trays borrower mwera t on the Fads and applicable law penults Lender to mate such a charge. Borrower and Leader mty ague in wrniag at tie inns of ehurnim of thus Detd of 'fruit that interest on the Fads shall be paid to "lower, and unless such armocat is made or