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v a is trust, rrhi vnwe Soft of ?A*ruk&- DEED OF TRUST µ 86- 105644 .).yOFTitUSTiemadetYie Z9 dayot%8e.- Pmnssr 1P� . ` U - � AT, , std fie)traesflciaey. ) a LOMi ` T(* OF: MIAil19 IK #A96 illii �01 lyia/�� +ll!•dA{Mj t1!•d/Rb1.Y.rt.�atNLl,Oiy�N NYOMi1 Mite i ' ,R, in ooeWdwadm of the indd a bm itae la trci fed and the time bwdn c"Aftv*=* E+nb ad one v" o0 7 rtrue. of ads, the foBowitsg ehaexikd peopatty locfttad in the Cciu my of LOT EIGHT (8), BLOCK TWO, (2), CAPITAL HEIGHTS FOURTH SUBDIVISION, BEING A PART OF THE SOUTHWEST QUARTER, (SW;), OF SECTION TWO (2), TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10) WEST OF THE 6TH P.M. IN HALL COUNTY, NEBRASKA which has the address of 4218 Michigan Avenue Grand Island_ (STREET) (CI'T'Y) _ Nebraska 68803 (haatt"Propet yAddress-): (STATE & ZIP CODE) TOGETHER with all ties improvements now or hereafter erected on the property. and all ememeets, rights, appurtebmm. rents (subject however to the rights and autbonties given herein to Leader to collect and apply such rents), roydtles, mineral, oil gad gas rights and profits, wa ter, water rights, and water stock, and an fixtures now or hereafter attacbe l to the property. an of wi)ci, iaduding repinrosents and additions thereto, shill be deemed to be and remain a part of the property covered by this Deed of Treat: and aB of the foregoin& toodber with said property (or the leasehold estate if this Deed of Trust is on a kmsdxid) we herein referred to u the "Property ": To SECURE to L ender (a) the repayment of the indebtedness evidenced by Borrower'& tents dated September 29, 1986 (herein "Note"), in the principal sum of THIRTY EIGHT THOUSAND —FIVE HUNDRED AND N01100 ------------ Dollars. with interest thereon. providing for monthly installments of principal and interest. with the balance of ties indebtsdeces, if act sooner paid. due MA payable on November 1 2016 . the payment of aB Otber seems, with interest thereon, advanced in accordance baewith to protect the security of this Deed of Trust: and ties per formance of the covenants and agreements of Borrower herein contained: and (b) tie repayment of any future advances, with interest thereon, trade to Borrower by Lander 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 agaitat a0 claims and demands, subject to any declarations. emementa or restrictions listed in a schedule of exceptions to coverage in any title insurance Polley insuring Lender's interest in the Property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. FaQmwt of lriatfgd OW- - Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced by the Note. prepayment and late that'd as provided in the Note. and the principal of"intereat on any Future Advances secured by this Deed Of Trot. 2. RnMs for Taus gad fasaranes. Subject to applicable law or to a written waiver by Lender. Borrower shall pay to Leader on the day monthly instailnou of principal and iaterrN are payable under the Note, until the Now a paid in furl. a sum (halo "Fends") agwl to one - twdfth of tie yeasty taxes and .name nts which may attain priority ova this Deed of Trmt, said ground rears an the Proper ty. if any. Plus one - twdfth of yearly premium installments for hazard insurance. plus one- twelfth of yearly pra mina installments for mOrtSW iuuraaoe, if any. ati in rgaoaa* "dine red iamb* and from time to time by Lender on the basis of msasmatts and bilk and rsasortabk estimates thereof. Ike Ptsnds andl be bald in an institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (includins Lewder if Lander is such an imstittatioa). Leader shall apply the Funds to pay said taxes, assessments, =we= prsmiwms goal ground rents. Lender may not charge for so holding and applying the Funds. analysing said account or verifying and compiling said assessments and bilk. =Was Leader pays Borrower interest on the Funds and applicable law permits Leader to snake such a charge. Borrower and Lender cagy agree in writing a the time of executun of this Deed of Taut that interest on the Funds "Ube paid to Borrower, and unless such agreen t u made or I