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<br />DEED OF TRUST 8S''' 001838
<br />THIS DEED OF TRUST is made this .............. 22nd.......... day of ..April.
<br />19.85. , among the Trustor, .. Keith .D.. Stubbs, and .Joyce• E.. -Stubbs, • Husband • and- Wife • • • • • • • •
<br />...First. American. Ti,tU .Insurances (herein " Borrower" ) ...............................
<br />as
<br />Zolap y• • • • • • • • . • • • • • • . (herein "Trustee "), and the Beneficiary,
<br />Security. Paaci£ie • Finanas •Corperat3on .............................. a corporation organized and
<br />existing under the laws of ....the .state. of Nebraska......... .
<br />whose add ressis .... 3323•W.•Cap3tabr• Grand• Islands• Nebraska ••68801••••••••••••••••........
<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 Codnty of
<br />...... I ... Ha3.I ............................. State of Nebraska:
<br />Lot 16, Island Acres Number Six, a Replat of Lts 19 and 24, Island
<br />Acres, City of Grand Island, Hall County, Nebraska.
<br />which has the address of ..... ?130,.W.., 15th? Grand. Island, 'Nebraska.
<br />..............
<br />Nebraska ........68801 1C.1r1
<br />. . • .... therein "Property Address");
<br />I,% Cadcl
<br />TOGETHER with all the improvements now or hereafter erected on the propettv, and all easements, rights,
<br />appurtenances and rents Isubject 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 01"Frust; and all of
<br />the foregoing, together with said propertv (or the leasehold estate if this Deed of •Trust is on a leasehold) are
<br />hereinafter referred to as the "Property•';
<br />To SECURE to Lender the repayment of the indebtedness cyidenced by Borrower's note dated...4/22195...... .
<br />and extensions and renewals thereof (herein "Note"). in the principal sum of
<br />U.S. 5 115,0Q„07 ......... .......... . , with interest thereon, providing for numthl% installments of principal and
<br />interest, with the balance of the indebtedness, if not stioner paid, due and payable ill, , ...64/.26119 ®5 ............ :
<br />the payment of all other sums, with interest thereon. adiianced in accordance herewith to protect the security of this
<br />Dced of Trust; and the performance of the covenants and agreements of Bun irwer herein contained.
<br />Borrower covenants that Borrower is lawfully, seised of the estate hereby conveyed and has (he right to grant and
<br />convey the Property, 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 clainn and demands, subject to
<br />encumbrances of•record.
<br />UNIFORM COVENANTS. Borrower and I.,ender covenant and agree as tollows:
<br />1, Payment of Principal and Interest. Borrower shall promptly pay when Elite the principal and interest
<br />indebtednessevidenced by the Note and pate charges as provided in the Note.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or a written waiver by tender. Borrower shall pay to
<br />lender on the day monthly payments of principal and interest arc payable under the Note• un(il the Noic is paid
<br />in full, a sum (herein "Funds ") equal to once twelfth of the yearly (axes and assessments (including condominium and
<br />planned unit development usscssrttents, if art)) which may attain priority over this Deed ill frost. and ground rents on
<br />the Property. if any, plus one twellth of yearly prr:mlum installments liar haz:ud insurance. plus one ncehtl, nl'vrarly
<br />prrrniuna installments for mortgage insuraocc if any, all :as reasonably cstinaated initially and tiom lime (o lime by
<br />fender on the basis of assessments and bills and reasonable estimates thereof. Horr „u -cr shaall not he „hhg:ued in tone,
<br />such payments of Funds to lender to the extent that Horro"er makes sit, It paynunts 1” the• holder M ,1 i,rtur mortgage or
<br />Aced of trust t1 sttth holder Is :Ira nlstiln11,/rral lendcl
<br />NE9RASNA !,� a wµa�,,I IJ _ ttaut:arurcu4lrarantsrwwttnt
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