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is trust. with pswer. of sale. the Soft of Nebradrs DEED of TRUST 86- 147472 23rd December tt and Col lleen K Street. and Wife AI IL II*ACK. A4TMN E1r AT LAW ai►vlNOS a oiw"AS@OcwnW� M &%AMO.lKnwo. W e IIYIIAtKA WbW add M j$ ms, Sa1 tact P. 0. N?X '"a aar"I: abler hens ttmeked and the thwt htasitt aetaad. irrevoc+rbly grates std ehoaveys to Ttustae, rrmperty Incased m the cotmty of Hall Lot one (1) ?N JACK BAILEY SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY NEBRASKA, EXCEPT A TRACT OF LAND DEEDED TO THE CITY OF GRAND ISLAND, RECORDED AS DOCUMENT $ 78- 000994 IN THE OFFICE OF REGISTER OF DEEDS which has the address of 7,)n W lie fk Read G1 and Nebr 4 - Agnnt theceie "Property Address "); (STATE A ZIP CODE) TOGETHER with an the improvements now or hereafter erected on the property. and all easements, rights, aPpurteoasim, tents (subject however to the rights and authorities given herein to Lender to collect and apply such rents). royalties, mineral, oil and ps rights and profits, water. water rights. and water stock, and all fixtures now or hereafter attached to the property. all of which. including repiaoemes" and additions thereto, shill be deemed to be and remain a part of the property covered by this Deed of Trust; and all of the foregoing. together with said propetty (or the leasehold state if this Deed of Trust is on a lasehold) are herein referred to as the "Property "; TO SECURE to Lender (a) the repayment of the indebtedness evidenced by Borrower's note dated Ekee b , (Laeie "Note„), int6eprincipel sum or Ten Thousand and no/ 100-------------------------- - - - - -- . with interest thereon, for monthly installments of principal and interest. with the balance of the indebtedness, if not wooer paid. due and Pa>� D�BER 30 1990 the payment of all other sums• with interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and agreements of Borrower herein contained; and (b) the repayment of any future advances. with interest thereon. mate to Boeower by Lender purstant to paragraph 21 hereof (herein "Future Advances "). Borrower oovemats that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property, that the Property is uoencombered. and that Borrower will warrant and defend generally the title to the Property against all claims and dinsian ls, subject to any declarations, casements or restrictions listed in a schedule of exceptions to coverage m any ute Insurance policy bwor s Lender's gut" im the Property. UNIFORM COVENANTS. Borrower and leader covenant and agree as follows: 1. Far at ltlad/al std IWIW L Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced bytbe Note, prapayast and [me charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed ofTt". L !Tani -far Taws and itsaeautx. 9abject to applic" law or to a written waiver by Lender, Borrower shall pay to Leader on the day stns -1 y hw& Warms of pt* ' * and iatanast are payable under the Note. until the Note is paid in full, a sum (haeia "Funds ") CWAW to ooe- twal(tlm of the yearly time sad assessments which may attain Priority over this Deed of Trust, and abound rents on the Property. if any. phut Owl rad" of ymrly pralatw iawalmares for bassed insurance, plus one- twelftb of yearly premium iuotallmmu for montgage iusurauoe, if any. all sis tans 4 -1 h asdntMei iniddly and (rota time to time by Lender on the basis of a mommob add bills and rsasotabk eakwAss thereof. T'he lands shall be bdd in as itditatiom the deposits of atxaInts of which we ihrnted or guaranteed by a Federal or state apocy (including Loader if Lauder is such an intidoioe). Leader shelf apply the Fund to pay sad taxes. aweemeats, insurance prewwas tad ground ruts. Laadstr sty no cbwp for so ltoWio& sad applying the Fund, analyzing said account or verifying and compiling said assessments and bills. asMO Lauder pays Bonevwr iemtarest of the Funds std applicable law permits Lender to snake such a charge. Borrower and Lender may agree in wr*tk* N the tlweof teiescsmint of this Dead of Tearer that interest on the Fund shall be paid to Borrower. and unless such agrsemut 0 made or