|
THIS DEED OF TRUST is atde this
<br />19 86 .aaoagthe'f wtor, Michael
<br />(hersie''Borrotrer"),
<br />(bercin -'Trustee'), and the B adici ryr, _
<br />a corporation orgnind and inde eg wider d
<br />- - "- - — -NIL NE NMl (ban "LOWke7.
<br />A. in camideradan of the indebtedness herein recited and the trust herein crated. irrevocably grants and conveys to Trusta r,
<br />of ace, the following ducribed property located is the County of Hall _
<br />DEED OF TRUST
<br />17th der of December
<br />ichols and LaJean M. Nichols, :iusband and lr'if
<br />AWNO IL SRAM ATTORNEY AT LAW
<br />E lMl WAL 8AVWGG &`LOAN AINIOClATK1N OF GRAND,M
<br />I IIORAlKA'? +rhae addrm is Ott SOUTH LOCUST. P. °1
<br />in trust, with powe
<br />State of Nebra":
<br />LOT NINETEEN (19). IN BLOCK THREE (3), IN OLDE MILL SUBTDIVISION, CITY OF GRAND ISLAND
<br />HALL COUNTY, NEBRASKA.
<br />co
<br />00
<br />-
<br />cry
<br />ern
<br />C7
<br />A
<br />i
<br />• i
<br />r.,
<br />ll
<br />J
<br />:Z
<br />Cfl
<br />f)
<br />:� i
<br />Caj
<br />co
<br />00
<br />rn
<br />7
<br />4
<br />_
<br />y
<br />w
<br />:Z
<br />Cfl
<br />f)
<br />:� i
<br />�a
<br />2510 Stagecoach Road Grand Island
<br />which has the address of
<br />Nebraska 68801
<br />tsrREErI (CITY) - `1
<br />/herein "Property Address ");
<br />(STATE A ZIP CODE)
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights. appurtenances, rents
<br />(subject however to the rights and authorities given herein to Leader to collect and apply such rents), royalties, mineral, oil and gas rights and
<br />profits, water, water rights, and water stock. and all futures now or hereafter attached to the property, all of which, including replacements and
<br />additions thereto, shall be deemed to be grid remain a part of the property covered by this Deed of Trust; and all of the foregoing, together with
<br />said property (or the laaebold estate if this Deed of Trust is on a kasehofd) are herein referred to as the "Property ";
<br />TO SECURE to Lender (a) the repayment of the indebtedness evidenced by borrower's tote dated December 17, 1986
<br />(herein "Note "),intheprinciWsuroof THREE JHOUSAND• SIX HUNDRED SFV .NTY SIX AND 101100- - - - - -- Dollars,
<br />with interest thereon, ptovidift for monthly installments of principal and interest, with the balance of the indebtedness, if not s..xmw paid, due
<br />and payable on d ec embe r 10. 1989 ; the payment of all other stuns,
<br />with interest thereon, advanced in accordance betewith to ptotea the security of this Dad of Trust; and the performance of the covenants and
<br />agreements of Borrower berein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Lerida
<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 unatcumbered, and that Borrower will warrant and defend generally the title to the Property against all claims and
<br />demands. abject to any declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />insuring l erider's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Tnpaant M rtlfelpa) and ialwnt. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, prepayment said late charge as provided in the Note, and the principal of and interest on any Future Advances secured by this Dad
<br />Of Trust.
<br />2, Fani ter Tans and howasea. Subject to applicable law or to a written waiver by I ender, Borrower shall pay to Lender on the day
<br />monthly motatlsants of principal and interest we payable under the Note. until the Note is paid in full, a sum (herein "Funds ") equal to one-
<br />twelfth of the yarly tats std atsnrsaents which may attain priority over this Deed of Trust, and ground rents on the Property. if any, plus one -
<br />twelfth of yearly prassitot instailannts for hazard insurance. rance. plus one- twelfth of yearly premium installments for mortgage insurance, if any, all
<br />as rasonxbly egin zed initially and from twee to time by Lender on the basis of aaassents and bills and reasonable estimates tisereof.
<br />The Funds shay be Laid in an institution the deposits or accounts of which we insured or guaranteed by a Federal or state agency (including
<br />Lender if Lander is act an mgitutioa). Wider shah apply the Funds to pay said taxes. assessments, insurance premiums and ground rents.
<br />Lender easy mot t%wgs for to holding and applying the funds, anslyzm* said account or verifying and compiling said assessments and bills,
<br />tartlets Lancet pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender may &give in
<br />writing as the time of execution of tiffs Deed of Trot that interest (m the Funds shall be paid to Botrower, and unless such agreement is made or
<br />
|