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DEED OF TRUST i� "
<br />THIS DEED OF TRUST is made this 21st day of march
<br />19� ,among the Trustor, _,GREGORY I m0 I FR pND (HRTSTT [F InDFI I FR,
<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. sox 10tH
<br />GRAND ISLAND NE SM2 (herein "Lender ").
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee,
<br />in trust, with power of sale, the following described property located in the County of HAI I
<br />State of Nebraska:
<br />LOT ELEVEN (11), BLOCK TWELVE (12), PARKHILL THIRD SUBDIVISION, AN ADDITION TO THE CITY
<br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<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 Lender to collect 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 repaymem _ indebtedness evidenced by Borrower's note dated march 21, 198
<br />(herein "Note"), in the principal stun of THIRTY L_ THOUSAND FTVF HII D2ED Ann m 100 Dollars,
<br />with interest thereon, providing for monthly installments of pt.:,cipal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />and payable on - April 1, 2015 ; 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 />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, an,; 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 />I, Psyntsat d Prladpl aN Irterm. 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. Falsb for Tam mW Iaaarsom. Subject to applicable law or to a written waiver by Lender, Borrower shall Pay to Lender on the day
<br />monthly installments of principal and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds ") equal to one -
<br />twelfth of the yearly taxes anal assessments which may attain priority over this Deed of Trust, and ground rents on the Property, if any, plus one-
<br />twelfth of yearly Premium installments for hazard insurance, plus one - twelfth of yearly premium installments for mortgage insurance, if any, all
<br />as reawnably estimated initially and from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The funds shall be held in an institution the deposits or accounts of which arc insured or guaranteed by a Federal or state agency (including
<br />tender if lender is such an institution). Lender shall apply the Funds to pay said (axes, assessments, insurance premiums and ground rents.
<br />Lcndet may not charge rot so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and hills,
<br />unkss I,erider pays Borrower interest on the Funds and applicable taw permits Lender to make such a charge. Borrower and I ender niny agree in
<br />writing at the time of execution of this Dred of 7rtisl that interest on the I unds shalt Ise paid In liorrowrr, and unless 1101 uµreement is made nr
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<br />which has the address of 2524 W Phoenix
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<br />Nebraska 68801
<br />— (herein "Property Address");
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<br />(STATE & 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 Lender to collect 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 repaymem _ indebtedness evidenced by Borrower's note dated march 21, 198
<br />(herein "Note"), in the principal stun of THIRTY L_ THOUSAND FTVF HII D2ED Ann m 100 Dollars,
<br />with interest thereon, providing for monthly installments of pt.:,cipal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />and payable on - April 1, 2015 ; 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 />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, an,; 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 />I, Psyntsat d Prladpl aN Irterm. 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. Falsb for Tam mW Iaaarsom. Subject to applicable law or to a written waiver by Lender, Borrower shall Pay to Lender on the day
<br />monthly installments of principal and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds ") equal to one -
<br />twelfth of the yearly taxes anal assessments which may attain priority over this Deed of Trust, and ground rents on the Property, if any, plus one-
<br />twelfth of yearly Premium installments for hazard insurance, plus one - twelfth of yearly premium installments for mortgage insurance, if any, all
<br />as reawnably estimated initially and from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The funds shall be held in an institution the deposits or accounts of which arc insured or guaranteed by a Federal or state agency (including
<br />tender if lender is such an institution). Lender shall apply the Funds to pay said (axes, assessments, insurance premiums and ground rents.
<br />Lcndet may not charge rot so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and hills,
<br />unkss I,erider pays Borrower interest on the Funds and applicable taw permits Lender to make such a charge. Borrower and I ender niny agree in
<br />writing at the time of execution of this Dred of 7rtisl that interest on the I unds shalt Ise paid In liorrowrr, and unless 1101 uµreement is made nr
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