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DEED OF TRUST 85,- 001575
<br />THIS DEED OF TRUST is made this ............. lst ........... day of . Apxll ........... , . , , _ , .
<br />1985 . , among the Trustor, Michael.T.. Bostick. and. Saundra. X.. Baatick..$asbAAd , .and.Wifie , , ,
<br />•.diet American, ..... Title. Z . (herein " Borrower') . ............................. .
<br />nsurance .Company . . . ... . . . .. . . . .... (herein "Trustee "), and the Beneficiary,
<br />Security .P9C1f10 • IUMee. Coxpor ation ............................ . a corporation organized and
<br />existing under the laws of .the, state .R# .NebraskA
<br />whose address is .... 3323. W... Capital*. &rand .IelAt lI..,Ie•..O$$Uf..... .
<br />..... ............................... (herein "Lender').
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants
<br />and conveys to Trustee, in trust, with power of sale, the following described property located in the County of
<br />............... "an ........................ State of Nebraska:
<br />Part of the North h of Lot 40 Fairacres Subdivision as located on part
<br />of the southwest ►4 of Section 3, Tavriship 11 North, Range 9 west of the
<br />6th P.M., running thence east 212 feet along the north line of said lot 4,
<br />thence south 204 feat parallel with the west line of said lot 4, thence
<br />west 212 feet parallel with the north line of said lot 4, thence north
<br />204 feet on the west line of said lot 4 to the point of beginning,
<br />Hall County, Nebraska.
<br />which has the address of ...... RR ,3 Box 15, Grand Island, Nebraska
<br />.I .............................
<br />................
<br />Nebraska.... , .68801 iat,i
<br />• • • • • • • • • ... (herein "Property Address');
<br />IIro cotlel
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all casements, rights,
<br />appurtenances and rents (subject however to the rights and authorities given herein to Lender to collect and apply such
<br />rents), all of which shall be deemed to be and remain a part of the property covered by this Deed of Trust; and all of
<br />the foregoing, together with said property (or the leasehold estate if this Deed of Trust is on a leasehold) are
<br />hereinafter referred to as the "Property;
<br />To SEr R E to Lender the repayment of the indebtedness evidenced by Borrower's note dated ............... .
<br />. and extensions and renewals thereof (herein "Note'), in the principal sum of
<br />U.S. s 2635, 74,,, , , , , , ,,,,, , , , , , , , , , with interest thereon, providing for monthly instalments of principal and
<br />interest, with the balance of the indebtedness, if not sooner paid, due and payable on .... 415)8$
<br />the payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this
<br />Deed of Trust; and the performar_c i, tike covenants and agreements of Borrower herein contained.
<br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and
<br />convey the Properly, and that the Property is unencumbered, except for encumbrances of record. Borrower covenants
<br />that Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to
<br />encumbrances of record,
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as followsr
<br />I' Payment of Principal trod In►txa►. Borrower shall promptly pay when due the principal and interest
<br />indebtedness evidenced by the Note and late charges as provided in the Note.
<br />2. Fermis for Taxes sad Irrnanc®. Subject to applicable law or a written waiver by Lender, Borrower shall pay to
<br />Lender on the day monthly payments of principal and interest are payable under the Note. until the Note is paid
<br />in full, a sum (herein "Funds') equal to one-twelfth of the yearly taxes and assessments (including condominium and
<br />planned unit development assessments, if any) which may attain priority over this feed of Trust. and ground rents on
<br />the Property, if any, plus nne�4welfth of yearly premium installments for hazard insurance, pit's one-twelfth of yearly
<br />Premium installments for mortgage insurance, if any, all as reasonably estimated initially and from time. u+ time by
<br />Lender on the basis of assessments and bills and reasonable e%timatcs thereof. Horrowcr shall not tic ohligated rr, make
<br />such payments of Funds to Lender to the extent that Borrower rnakes such payments to the bolder of a prior rnurtgapn• or
<br />deed of [nest if'sua:h holder is an instihttiorral lender.
<br />I�iRASKA -Wf�y a tut•rer�ttutnt. i;su -fft*n ,rcuntio arntstttatt(.4
<br />ar,20,
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