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n. LOT FIVE (5) IN BLOCK TWENTY —SEVEN (27), GILBERT's THIRD ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. ,rhieh has the address of 2020 North Huston Grand Island (STRFET) (CFM Nebraska 66803 rhe.eia "Property Address"); (STATE& ZIP CODE) TOGETHER with all the improvements now or hereafter erected on the property. and all easements, rights. appurieaauces, rents (subject however to the rights and authorities given herein to [.ender to collect and apply sud: rents), royalties. mineral. oil and gas rights and prefers, water. water rights, and water stock, and all fbaures now or hereafter attached to the property, all of which, including replacements and addidoas thereto. shall be deemed to be and retain a part of the property covered by this Deed of Truer, and all of the foregoing. together with said property(or the Itaaeboid cKm if this Dead of Trust is on a lawbold) are herein referred to as the "Property "; TO SSCURE to Leader (a) the reps t of theindebtedrsss evidenced by Borrower's note awed October 8, 1986 owda -mate% in ftPF;,op lsumof'Thousand, Six Hundred Forty Nine and 45/100- ---------- Dooms, with ifterest thuseon, for mombly immllmats of priadgat and interest, with the balance of the indebtednem, if act sooatx paid, due p oar toter 14, 1988 the payer of all other stems, with interest thereta. advanced in accordance herewith to protect the security of this Dad of Trust; and the performance of the covemants dad Woman of Docrowa herein contained; and (b) the repayment of any future advances, wM interest thereon, made to Borrower by Leader pursuant to pangrapi 21 bereof (herein "Future Advances "). Darowa eovaants that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property, that the Property is mamcmobered, and that Borrower will warrant and defend generally the We to the Property against all aeries and dtmawk. subject to nay dadatatioee, ememew or restrictions listed in a schedule of oweptions to coverage in any dtk insurance policy irourrieeg i,s1wa iteeareet in the Property. LNUK Rhf COVENANTS. Bnrrown and Lender covenant and agree as follows: 1. P m 147 Yf11 lted boweeL Botrowes shall promptly pay when due the principal of and interest on the indebtedness evidenced by the Now, p gwymaet and iota charges as provided in the Note. and the principal of and interest on any Future Advances secured by this Deed of Trust. 2. taab for lImus dad hommom Subject to applicable law or to a wrivaa waiver by Leader, Borrower shall pay to Leader on the day =am* botaBmwq of pri Kipd and i.rerere are payable under the Note. until the Note is paid in full.. a sum (herein "thuds ") a9hW to eta twalMh of Ste yaady teamW swommats which say attain priority over this Deed of Trent, and ground rents on the Property, if any, plus oaa twee ffc'otyew/ypruaeI iusktlaate for haawdiaavaox plus one4welfth of yearly premium installments for mortgage ioatrsece. if any. all as -on wkly asfYnMd inidelb &tad from time to time by Lender on the basis of necuments and bills and reasonable estimates thereof. The shall be b@M is an iaMitatiaa the deposits or accounts of which are insured or guaranteed by a Federal or state agency (inettd ins Leader if Feeder is sad& an iaa maim). Leader shit apply the Funds to pay said taxes. assessments. insurance ptendums and ground rem. Luder say act dtarge for to hnliheg dad applying the Funds. amatyw* s aid amount or verifying and compiling said assessments and bills. there Leader"ft owe stared on the Fords and applicable law permits Leader to make such a charge. Borrower and Lender may avee in writing a the time of once ice of this Deed of Trust that interest on the Purvis shall be paid to Borrower. and unless such agree mat is made or