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TRUST
<br />DEED
<br />OF
<br />000970
<br />THIS DEED OF TRUST ismradetfiis 19th day of February _
<br />19 85 among the Trustor, CRAIG J. STEPHENS AND PARIELA J. STEPHENS, husband and wifa
<br />(herein "Borrower"). AREND R. SAACK ATTORNEY AT LAW
<br />(herein "Trustee "), and the Beneficiary, HOME FEDERAL SAVINGS & LOAN ASSOCIATION OF GRAND ISLAND, NE
<br />a corporation organized and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST, P. O. BOX IWO,
<br />GRAND ISLAND, NE (T88t)2 _(herein "Lender ").
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee,
<br />intrust, with power of sale, the following described property located in the County of _ HALL
<br />State of Nebraska:
<br />LOT TWENTY ONE (21), BRENTWOOD THIRD SUBDIVISION, 17N THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />which has the address of 2716 t"rertwood Blvd. Crand lslard
<br />(STREET) —— (CITY)
<br />Nebraska 59801 "Property Address");
<br />(STATE & ZIP CODE)
<br />TOGETHER with all the improvements now or hereafter erected on the propert, and all easements, rights, appurtenances, rents
<br />(subject however to the rights and authorities given herein to Lender to coilect and apply such rents), royalties, mineral, oil and gas rights and
<br />profits, water, water rights, and water stock, and all fixtures now or hereafter attached to the property, all of which, including replacements and
<br />additions thereto, shall be deemed 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 dated _ February 19, 1965
<br />(herein "Note"), in the principal sum of EIGHTY ONE THOiJSAND 'ND i10/100------------- - - - - --
<br />- __-- -- __._�._..__�__— -- - --- -_ 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 _ march 1. 200` _ _ ; the payment of all other sums,
<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 Lender
<br />pursuant to paragraph 21 hereof(herein "Future Advances").
<br />I 1�
<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 declaration. easements or restrictions listed in a schedule of exceptions to coverage in anv title insurance policy
<br />insuring Lender's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Paymitat of Prlschiiall mW Interval. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, prepayment 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. Fort for Tana torsi In"riaaee. ,Subject to applicable law or to a written waiver by Lender, Borrower shall pay to 1 ender on the day
<br />monthly instal is of principal and interest arc payable under the Note, until the Note is paid in Full, a sum (herein "Funds") equal to one
<br />twelfth of the yearly taxes art] assessment-, which tney attain priority over this Feed of 'Trust, and ground rents on the Property. it any, plus one
<br />twelfth of yearly premium installments for hazard insurance, plus one twelfth of yearly premium installments for mortgage insurance, it any, all
<br />as reasonably estimated initially and from time to time by lender on the basis of assessments and bills and reasonable estimates thereof'. I ca,
<br />The Funus shall be held to an institution the deposits or accounts of which are Insured or guaranteed by a I'edital l r vlale. agency Ilnclndltlg f It
<br />I ender it Lender is such an institution). Lender .shall apply the Fund!, no pay said taxes, assessments, Insurance preniturtls and giout d toll, '
<br />F ender may not charge for so holding and applying [lie Funds, aualytina said account or verifying and compiling said u,w,,incnls and "Ills,
<br />unteses Lender bays VAntower interest on the,. 1'n.mds and applicable law Inrmil.s Lender' to make such it charge. Borrower and I ender rust aglec In
<br />-flung at the nlnie of executVon of Ihi9 111ved of Trust that Interest Inn the (Binds shall he paid to konower, And IIOIC„ .u, I' aµreenieni 11 MA& o:
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