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tr•a Ate• u id tra11 `9taseo DEED 4F!TAU$T BANG. !� MN! (Mwsia "L�ir'7. fN19i1t, lnooriilfafi0f0 [titiatlahl�aasshasula recNsdttai dtgtrttst hsn(ataaals/, Ynavattarlyf�aai Owwys'q'has�s. two of arils, fobaLg daaeribdptnperty bcaeed ht the CaMq of water. , EAT FIVE (5), IMPERIAL VILLAGE SEVENTH SUBDIVISION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. P r h � J `—i to o d J cn Cn L7 which has the address of 1822 North Howard rnkyrt- G.and Island (STREET) (CITY) Nebraska 68803 tin - Property Address"); (STATE & ZIP CODE) TO(WnRER with all the improvernents now or hereafter erected on the property. and all tamown, rights, apparnes DMS. rents (subject however to the rights and authorities given herein to Lender to collect and apply such rents). royalties. saioeral. oil aed gas rights and profits, water, water rights, and water stock, and all fissures now or hereafter attached to the property. W of which, inchtdiag repleco seats and addition thereto, shall be deswed to be and remain a pan of the property covered by this Deed of Trust: and all of the forgoing. toaaher with said property (or the leasehold estate if this Deed of Trust is on a landiold) are herein referred to see the "Property"; TO SECURE to Leader (a) the repsymmt of the indebtedness evidenced by Borrower's note dated 10 -06-86 (herein -Note). in the princppa! aunt of SEMEN THOUSAND ONE HUNDRED EIGHT AND NO /100------- - -- - -- Dollars, with interest thereon, For imtaBments of priscipa! and interest. with the balance of the iodebtadnas, if awl owner paid, due and Days oo " October 6 88 • the poyasent of all other sums. with interest tbereoa, advanced in accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants asd agretruents of Borrower herein contained; and (b) the repayment of any future advances, with interest thereon, mode to Borrower by Leader pursuant to paragraph ZI 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 a unencumbered, and that Borrower will warrant and defend generally the title to the Property against all claims and demands. subject to any declarations. easements or restrictions listed in a schedule of exceptions to coverage in any tide insurance policy io wwg Lender's interest in the Property. UN)FORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. padasMl of lilndpI and Wassail. Borrower shall promptly pay when Clue the principal of and interest on the indebtedness evidenced by the Note, pepsytaent and late charges as provided in the Note, and the principal of and interest on any Future Advances secured by ibis Deerd Of rant. 1. Flmolt for Taw sod Isaaraaee. Subject to appliable law or to a written waiver by Lender. Borrower shall pay to Lander on the day mosthly iamalhants of priacipd sod interest we paydrk under the No% until the Note is paid in full. a sum (herein "Foods ") pull to ooe- twdith of the yearly taiws and aewments which May attain priority over this Deed of Trust. sad ground mats on the Property, if any. plus 000. twsifth of yearly pteaoiit instalLMents for hazard insurance. plus oar- twdith of ya ly ptsotium iastalimsats for mongese iteunaoe. if any. all so rtascoothly, estthaatsd hslUally and from dive to tinie by Lender on the basis of assatsasttts cal bills and reasoaabk estimates thereof. The fronds shall be held la see institaiat the deposits or accounts of which at insured or guramsed by a Federal nr suite agency (including Lander if LaMar is. latch M instkufloa). Leader shall apply the Funds to pay said tam, mossaissts, tammum praishim and D'ulnd tents. Lealisr may sot charge for so holding and applyin the Fhadi6 analysing said account or verifying and compiling said asfestmmu and hills. unless feeder pays lorrowet interest on the Funds and appika k law permits tAWw to sake such a charge. Borrower and Lander May agm in writing at the tisae of eeascwioa of this Deed of Trust that interest on the Funds *A be paid to Borrower. and uniaa such agreement is made or w Cg. M to N G �e