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DEED OF TRUST 85--001543 THIS DEED OF TRUST ( "Security Instrument") is made on ....... apx i.J... 1 ............................... r 19. a& ..... The trustoris ..... i .............................................. ............................... ( "Borrower "). The trustee is .....wi.LLiata.A ... >�.l.ackljn.................... .... x.Y.�..Pei•.�x g.. � n? c ..................................................................... ............................... (." frustee"). The beneficiary is ............................ .I............................. which is organized and existing .. 1 urrakrthe laws of...... Sta1; t;.. 4#.. Iy9k;, aShq ..................... ..............andwhoseaddressis Grand.. ls�auctd ...d�F ....................... .. ............................... a Borrower owes Lender the principal sum of ...Fi fx y...Thrree..TbauSanci..E ixre..Htu lied. and.AQ /.1DA- („ ,l. ------------------ --- -- -a.. Dollars (U.S. $5a,.500..A0..............). This debt is evidenced b Borrower's note ...................... ............................... Y dated the same date as this Security Instrument ( "Note'), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on a .. . . ......ter i x..15...1 Jt�9 .................. This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications: (b) the payment of all other sums, with interest, advanced under paragraph 7 to Protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this Purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property locatedin ... ............................... Ha7 ................................................ ............................... ........................ County, Nebraska: Lot Five (5) of Park Gardens Second Subdivision in the City of Grand Island, Hall County, Nebraska which has the address of ........................... ct ones.. s> a% ............................., Sty .................)' ..................., teal Nebraska ....... St301 .... ............................... (..p [S Address„ [zw t:ad.) 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 nonuniform 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 of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly the principal of and interest on the debt evidenced b the Note and an s p Y r the when due Y y prepayment and late charges due under the Vote. 2. Fan& 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 otwtwelfth of: (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly 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 ofeunent 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 Sim agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items, may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items. unless