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DEED OF TRUST
<br />85-- 001923
<br />THIS DEED OF TRUST is made this nd
<br />19 85 among the Trustor, _ JAMES A. KELLY AND A I day of A r; 1
<br />(herein "Borrower "), --` gy m KE1 L Y , hi tGband and i,I; fe
<br />AREND K. BAACK ATTORNEY AT LAW
<br />(herein "Trustee"), and the Beneficiary, HOME FEDERAL SAVINGS 3 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. BOX NE
<br />GRAND ISLAND NE At>a02 (herein "Lender ").
<br />BORROWER, inconsideration 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 A
<br />State of Nebraska: ) { AI I
<br />Part of the SEOW4 of Section 21, Township 11 North, Range 9 West of the 6th P.M. in Grand
<br />Island, Hail County, Nebraska, more particularly described as follows: Beginning at the
<br />intersection of the southerly line of Anna Street and the east line of said SE4NW4; thence
<br />southwesterly along said southerly line of Anna Street, 859 feet; thence southeasterly
<br />ring; thencetsoutheasterlylalong thealastldescribed course, 127 feet; thence so
<br />ue, 148 feet to the actual place of begin -
<br />parallel to said southerly line of Anna Street, 101 feet to the easterly line oftsaidtBroad-
<br />well Avenue; thence northwesterly along said easterly line of Broadwe.11 Avenue, 127 feet;
<br />thence northeasterly parallel to said southerly line of Anna Street, 101 feet to the Actual
<br />place of beginning.
<br />which has the address of_ `___ '717 S. Brn_adwel 1
<br />`(STREET)
<br />Nebraska 68801 (CITY)
<br />(STATE 4 ZIP CODE) — --- - (herein "Property Address"):
<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 repayment of the indebtedness evidenced by Borrower's note dated Anr i 1 77 l qqc
<br />(herein "Note"), in the principal sum of FORTY EIGHT THOUSAND -AND N(J�'�f)Q. --__
<br />with interest thereon, providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner �llar5
<br />and Payabeon __ June 1 , 2015 _ ___ paid, due
<br />with interest thereon, advan;cd fn accordance herewith to protect the security of this Decd of Trust; and the the payment of all other sums,
<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 scised 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 />demands, subject to any declarations, easements or restrictions listed in a schedule of exceptions w coverage in any title insurance policy
<br />insuring Lender's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and (.ender covenant and agree as fullows;
<br />I. Paywsat t►f ttrd 1®lereat. Borrower shall promptly
<br />by the Note, prepayment and late charges as provided in the Note, and the principal of end interest on any Futuret Advances tl ecurred by this teed
<br />of Trust.
<br />2. VU& for Tttaa MW Im"Itswe, Subject to applicable !aw or ro a written waiver by Lender. Borrower shall pay to Lender on the day
<br />n mthly installments of principal and interest are payable under the Note, until the Note is paid in full, a Burn (herein "Funds ") equal to one•
<br />twelfth of the yearly taxes and assessments which may attain priority over this Decd of Trust, and ground rents on the Property, if any, plus one -
<br />twelfth of yearly premium installments for hazard insurance, plus une- twelfth of yearly premium installments for Mort
<br />as reasonably estimated initially and from time a time by Lender on the basis of assessments and bills and reasonable estimates Itthereo ftf arty, all �t
<br />The Funds shall be held in sit institution the deposits or accounts of which are insured or guaranteed by a Federal or state
<br />Lender if lender is such an inxtitutiorU• Lender shall apply the Funds ro py said taxes, assessments, insurance premhtms and ground reins,
<br />agency pnchWhrg ((
<br />Lender may not charge for so holding and applying the Funds, analysing said account nr verifying and cuntpilmg said assessments and bills,
<br />unldsa I .ender r'^
<br />pays Borrower interest on Use Funds and applicable law per nuts Lender to make such a charge, Korrowet and I.erlder nray agree m
<br />writing at the time of expx ufian of this !)ced of bust that inreresr on the Fuods shall be paid to Hot rower, and unir�s �nrh ;dgrcenrcru h made „i
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