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DEED OF TRUST 85- -001934 REWEST FOR NOTICE: Trustor on behalf of itself and all other Parties hereto hereby requests a copy of any notice of default and that any notice of sale hereunder be mailed to it at the address net forth in the first agheaph of this laced of Trust. JJIS DEED OFTR<;ST ism a et u.......... t..... davof ..,p.il .................• d h ........ 1� • .... non the Trustor, Karl I- Heck and Paula J. Heck April hus�aa� and1Ye ..................................... ............................... Custer Federal Servings and Loan At:sociatiorin Borrower") ............................... ................... • • • • • • • ........ (herein "Trustee "). and the Beneficiary, the Nebraska Investment Finance Authority, Lincoln, Nebraska, a body politic and corporate... . ................... .......... ............................... organized and existing under the laws of .. the State. of. . Nebraska ............. . whose address is...... ,Gail "p. G.411eeia.. ,Suite .N3Q4 ...................1,0.3.E . "0 ". SCFiee4 . . L, ;ncoln,, NE • (�850t3.. • _ . • , • .. (herein "[ender "). BORROWER. in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee, in trust• with power of sale. the following described property located in the County of ........... • ....... Hall .................... State of Nebraska: Lot One (1), Block Twenty -Eight (28), Russel Wheeler's Addition to the City of Grand Island, Hall County, Nebraska. which has the address of ...... 111 E. 11th Street Grand Island .Nebraska 65801 l i .................... .............(c......... .. • •••••.••••.•.(herein-Pro Raraw perry, Address '): TOGETHER with all the improvements now or hereafter erected on the property, and all easements. rights. appurtenances and tents (subject however to the rights and authorities given herein to Lender to collect and apply such rents), all of which shall be deemed to be and remain a part of the property coveted by this Deed of Trust; and all of the foregoing. together with said property, (or the leasehold estate if this Deed of Trust is on a leasehold) are hereinafter referred to as the Property; TO SECURE to der the repayment of the indebtedness evid April E 1985 enced by Borrower's note dated ............... . t U.S. S ... and extensions and renewals thereof (herein •'Note" ), in the principal sum of 4.,950..00 interest. with the balance of the indebtedness• if no sooneerrtpi d due d pay ble on�nM!ky ........ 4 %of principal and the payment of all other sums. with interest thereon• advanced in accordance herewith to protect the security of this Deed of Trust: and the performance of thq covenants and agreements of Borrower herein contained. 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 covenants that Borrower warrants and will deferrd generally the title to the Property against all claims and demands. subject to encumbrances of record. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: I• Pay"Mt 0( PrMclpel and Intomt. Borrower shall promptly pay when due the principal and interest indebtedness evidenced by the Note and late charges as provided to the Note. 2. Rands for Taxes sod Insurance. Subject to applicable law or a written waiver by Lender. Borrower shall pay to Lender on the day monthly payments of principal and interest are payable under the Note, until the Vote is paid cn full, a sum therein Funds-) equal to one-twelfth of the yearly taxes and assessments including condominium and Planned unit development assessments. if any) which may attain priority over this Deed of Trust, and ground rents on the Property, if any. plus one•rwtath of veariv premium installments for hazard insurance. plus ur,e•tweltth of yearly Premium installments for mortgage insurance, if anv. all as reasonabiv es[tmated init,au% and from time to time by Lender nn the basis of assessments and hills and r- asonabfe estimates �nereot f3� MIlker oi.rll nrrt be ,rbiNated to make uch payments art Funds to 1-e-nder fn ih e ¢!sent !lest Hurruwer m.ihes such lr:,smrnn m :he tonidrr „t ,i !,riot nturt`aveor Peed rrt trust t such hulds^r .s an �nzrrtutmnal irnde•. ffillial Fill —.e__J