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DEED OF TRUST
<br />85-001550
<br />THIS DEED OF TRUST is made this 20th day of 14 -h
<br />19 S5 . among the Trustor, --
<br />(havin .'sorrower"),
<br />(herein "Trustee "), and the Be
<br />11,11
<br />a corporatism exgani-d acrd existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST, P. 0. BOX 1009,
<br />GRAND ISLAND, NE III= (herein "Lender "),
<br />BORROWER, in consideration of the indebtedness herein recited end the trust herein —led, 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 FIVE (5), IN BLOCK ONE HUNDRED FORTY THREE (143) IN UNION PACIFIC RAILWAY COMPANY'S
<br />SECOND ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />which has the address of 404 East 4th Sfrept f rand TGiand
<br />(STREET) (CITY)
<br />Nebraska 68801 (herein "Property Address ");
<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 rephxantents 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 leawhoW 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 March 20. 1985
<br />(herein "Note"), in the principal sum of TWENTY FOUR THflll4ANf) AND N(l /t[u]__ 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 — AN r i l 1, 2000 ; 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, and that Borrower will warrant and defend generally the title to the Property against all claims and
<br />subject to any declarations, eesemtnis or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />insuring Lender's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Rayare" 6111skad/ai pi Inswast. Borrower shall promptly pay when due the principal of and interest on the indebtedness evkk=W
<br />by the Noe, prepayment and hate charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />of Try,
<br />2. F Gala /ere Taataa act anrrsim. Subject to applicable law or to a written waiver by Lender. Borrower shall pay to Lender on the day
<br />n mthly WAtalknoU of principal and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds ") equal to ore.
<br />twelfth of the yeWfy aces which may attain priority over this Deed of Trust, and grouted rents on the Property, if any, plus one-
<br />twelfth of yearly premium itetailments for hazard insurance, plus one - twelfth of yearly premium installments for morrtgage insurance, if any, all
<br />L,•� IS rftwusWY estimated Initially will from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be MM in an institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />I if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents.
<br />1 may no charge for co holding and applying the Funds, analyzing said account or verifying and compiling said assessments and bills.
<br />unless L.etsdsr pays Borrower interest on the Funds and applicable law permits lender to make such a charge. Borrowet and Lender may agree in
<br />writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to Hotrower, and unless such agreement is made or
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