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DEED OF TRUST
<br />86-107271
<br />THIS DEED OF TRUST is made this 10th dayof Dec mbar
<br />lg 86 aratingtheTrustor, KATHY J GRASMICK a single percon
<br />(herein "Trustee"). and the Baefncary, NOW FEMAL "sAVW= i LOAN A880C1ATlON OF QPANO RWINO, W
<br />a corporation organized and existing under the Im of 'N NOM whose address is 221 SOUTH LOCUM F. O. 3( WW,
<br />QFAND BLAND, NE UM (herein "Leader").
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein crated, irrevocably grants and conveys to Trustee,
<br />in trust, with power of sak, the following described Property located in the County of HALL
<br />State of Nebraska:
<br />LOT NINETEEN (19), WESTWOOD PARK SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />which bathe address of4029 West CrPentrnd Driyp Cr,pd TsJa d
<br />(STREET) (CITY)
<br />Nebraska 68803 (herein' Property Address ',);
<br />(STATE Bt ZIP CODE)
<br />TOGETHER with all the improvements now or hereafter ei end on the property, and all easements. rights, appurtenances, rents
<br />(subject however to the rights and authorities given herein to Lender to collect and apply such rents), royalties, mineral, oil and gas rights and
<br />profits, water, water tights, and water stock. and all futures now or hereafter attached to the property, all of which, including replacements and
<br />additions thereto, shall be dunned to be and remain a part of the property covered by this Deed of Trust; and all of the foregoing, together with
<br />said property (or the leasehold estate if this Deed of Trust is on a leasehold) are herein referred to as the "Property";
<br />TO SECURE to Lender (a) the repayment of the indebtedness evidenced by Borrower's note died DPr Pmhar 10 1 986
<br />( herein "Note"), in the principal sum of TH IRE 'RIOUS A ND TWO HUNDRED THIRTEEN AND 50/ 100- ---- - - - - -- Dollars,
<br />with interest thereon, providing for monthly installments of principal and interest, with the balance of the indebtedness. if not sooner paid. due
<br />and payable on December 18 2006 • the payment of all other sutra,
<br />with interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and
<br />agreements of Borrower herein contained; and (b) the repayment of any future advances, with interest thereon. made to Borrower by Leader
<br />pursuant to paragraph 21 hereof (herein "Future Advances ").
<br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property,
<br />that the Property is unencumbered, and that Borrower will warrant and defend generally the title to the Property against all claims and
<br />demands, subject to any declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />insuring Leader's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. lhgolsnt of Prfmdpl ad Ina real. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, prepaymet and late charges as provided in the Note. and the principal of and interest on any Future Advances secured by this Deed
<br />of Trust.
<br />2. Fawk hr Tasty said Pasurance. Subject to applicable law or to a written waiver by Lender. Borrower shall pay to Lender on the day
<br />monthly itwa0enants of principal and interest are payable under the Note, until the Note its paid in full. a sum (herein "Funds ") evai to out,
<br />twelfth of'the yearly tam and assessments which may attain priority over this Deed of Trust, and ground rats on the Property. if any. plus one
<br />twcM of yearly, per emits installments for hazard insurance, plus one -twelfth of yearly premium installments for mortgage imuratce, if any, all
<br />a rsmooa* estimmadi initially and from time to time by Lender on the basis of ausments and bills and reasonable estimates thereof.
<br />The Pan& shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />Larder if Lender is such an institution). lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents.
<br />Leader may not charge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and hills,
<br />unless Leader pays Borrower interest on the Funds and applicable law permits Leader to make such a charge. Borrower and Lender may agree in
<br />writing at the time of execution of this geed of Trust that interest on the Funds sha8 be }aid to Borrower, and unless such agreement is made or
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