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DEED OF TRUST --001472 THIS DEED OFTRUST ('Security Instrument ") is made on March 24 19..,9.5.... The trustor is.. $ ........ ................t.............. .. «�.. R.., .... .............................. B10.d ..�klr�eX.;T,..R@.Pan,..huaband and wife r ..... ............................... .................... (..� ow trust i .................... .....................Norereat Bank Grand..Ie�iind, {rational Asaocatson ................ ............................... . ... .................... ...... • ft.104..OrAnd„ 2Bland National **... 3at on .......... ( s under the laws of ...the TTntted States oT'�'I(iWr-1ca.. ... c is tz an exit rust "). The beneficiary g ........ ............................... which ' Organized d 'tin Gr n Island "Ne ............................................ and whose address is Borrower owes ......... .... Lender the principal sum of )mart ("I-ender"). 7�t: 1tQ.. TftVllt lAUtS1..F18?11s..Huadrgc} „and Nafl00ths . Dollars (U.S. S...4.2.13DA.,00 ..........). This debt is evidenced by ........................... ...................... dated the same date as this Security Instrument ((' Note ")• which provides for monthly .t Borg debt, i note paid earlier, due and payable on April 1 2015 Y payments, w; h the full debt, if not This Security Instrument secures tc Lender: (a) the repayment debt ....................... ............................... renewals,. extensions and modifications; (b) the cpayment of the debt evidenced by the Note, with interest, and all protect the security of this Security Instrument; and (c) the performance all other sums, with interest, advanced under paragraph 7 to purpose, Borrower irrevocably grants and conveys to Trustee, in� rust, with power f sale, the follow ng described property located in ........................... Aal ........................ ............................... . .............................. ............................... County, Nebraska: The Easterly Fifty -five C551 feet of Lot One (1) and the Westerly Two (2) feet of Lot TWO (2) in Block Two (2), in Westerhoffvs First Subdivision in the City of Grand Island, Hall County, Nebraska, excepting therefrom the North Thirty feet (301) heretofore conveyed to the City of Grand Island for Street purposes, which has the address of .........3019 Westside . ............................... Grand Island .................. . Nebraska ..........68801 ... .............. [City] (no soft) . ( "Property Addres" ); TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS Borrower and Lender covenant and agree as follows: I. Payment °f Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note. 2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender. Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ("Funds”) equal to* one -twelfth of. (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums: and (d) yearly mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the basis of current data and reasonable estimates of future escrow items. The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay, the escrow items. Lender may riot charge for holding and applying the Funds, analyzing the account or verifying the escro,. „ems, unless NTFA A /A4 Series 1.484A M 7