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dmd the tryst berets craned, irrevocably grate=d oanveya to Tr wa;. tiecoamyof HALL THE EASTERLY FORTY SEVEN FEET (47') OF LOT SIX (6) IN BLOCK ONE (1) IN WINDOLPH'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. which has the address of 'ill 5 RrPnrvnnd Blvd _ Crand Island (STREET) (CITY) Nebraska 68801 -------(herein "Property Address"); (STAIMAZiPCODE) TOGETF161t with a8 the imptovemmts now or hereafter erected an the property, and ail easements. rights, appurtenances, rents (subject however to the rights grad artbordies given herein to i.mder to collect and apply such rents), royalties. around, oil and gas rights and profits, watt. wager tights, ad waser stock, and all fixtures now or hereafter attached to the property, all of which, including replacements and additions Amm, sines be damead to be and ttmaia a part of the property covered by this Deed of Ttvst; and all of the foregoing, together with said property (or the kaaeholdestate if this Deed of Then is on a leasehold) are herein referred to as the "Property"; TO SECURE to Leader (a) the repayment of the indebeedems evidenced by Borrower's now daW October 22, 1986 (fit -Nose" 1,intbeprincipwamnof FIFTEEN THOUSAND ONE HUNDRED SIXTY ONE AND NO /100------- -.-Doyrs, with interest d weoe, psoviditg for sootily entailments of and interest, with the balam a of the indebtedness, if not sooner paid, due and paysbiea November 15. 1989 ; the payment of all other sums. with imesest thereon. advaeced she accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and agreements of Borrower harm contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Lender puswnag. toparatrp, M. (herein "Panic Aeiv....M "). Borrower ouvemmu that Harrower a bnrfally seised of the estate hereby conveyed and has the right to grant and convey the Property, tint the Ptapaty is aeeae,rm. I end that Dosrown will warrant and defend generally the title to the Property against all claims and dareds, sobject to nay dadstabovs. a mements or resrictioos listed in a schedule of exceptions to coverage in any tick insurance policy sshr. Lemdsr'siserestintheProperty. UNWOM COYBNANTS. Borrower and Leader covenant and agree as follows: L Pegmsmt of P 1 11 l ad fetaasL Hotrowes shall promptly pay when due the principal of and interest on the indebtedness evidenced by the Note, psepaI . ad Watiatgsas provided in the Note, and the principal of and interest on any Future Advances secured by this Deed o(Trus . 2. lands Ow lame ad &wanes. Stibiart to applicable law or to a written waiver by Leader, Borrower shall pay to Leader cc the day momblymaa)Idsats of pri*d red ielnee we payable under the Note, until the Now is paid in full, a stem (herein "Fuadd') equal to one- twelfth of tbeyearly tom md ananna is wYitlr may attain priority over this Deed of Trust, and ground rents on the Property, if any, plus one- of ywAypramiva imetaWnrs for baastd imurance, plus one- twditb of yearly premium i istailmauc for mortgage insurance. if any. all m rewomWslimatsiieitisily red from lime to time by Larder on the basis of anatments and bdh and reasonable estimates thereof. The Feeds shall beheld 1•am ioodow ism the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including 1AWar if Lee ft is sacs asiaakodoa). Leader abaft apply the Funds to pay said taxes, assessments, insurance premiums and ground rents. Gender may no coo- for tao boding said applying the Funds, analyzing said account or verifying and compHiog said assessments and bills. unless Leader pan Borrower b"M as the Foods and applicable law permits Lads to make such a charge. Borrower and Lender may agree in writing at the time of eaewtio n of this Deed of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is nude or