|
DEED OF TRUST 85-: 002004
<br />THIS DEED OF TRUST is made this 25th day of April
<br />–d5—. amongtheTrutor,_- RDGER L mCSHANNON AND SHARON K. MCSHANNON, husband and wife
<br />(herein "Borrower, AREND R. SHACK ATTORNEY AT LAW
<br />(herein "Trtbt "), and the Beneficiary, HOME FEDEAAI. SAVINGS • LAN ASSOCIATItI DRANO ISt.AND,
<br />a +organized NE existing "M under the laws of NEBRASKA whose LOAN
<br />is 281 SWTH LOCUST- F O EnX 1119!,
<br />QRAND !BLAND NE 999oZ (herein "Lender").
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocabl
<br />in trust, with power of $eek, the following described Property located in the County of
<br />State of Nebraska: HALL Y S is and to Trustee,
<br />LOT FOURTEEN (14) IN BLOCK ONE (1), LAKE DAVIS ACRES SUBDIVISION, HALL COUNTY, NEBRASKA
<br />The Rider to the Deed of Trust which is attached hereto and executed on the same day
<br />is hereby incorporated into the mortgage. The Rider shall amend and supplement the
<br />covenants and agreements of this Mortgage as if the Rider was a part thereof.
<br />which has the address of 4428 Calvin Drive Grand island
<br />68801 (STREET) (CITY)
<br />nebraska
<br />(STATE A ZIP CODE) - (herein "Property Address ");
<br />WIETHER with all the improvements now or hereafter erected on the properly,
<br />(subject however to the and all easements, rights. appurtenances, rents
<br />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, shill be deemed to be and remain a part of the property covered by this peed of Trust; and all of the for of
<br />said property (or the le asehOW estate if this Deed of Trust is on a leasehold) are herein referred to as the "Property "; � ng' together with
<br />TO SECURE to Lender (a) the repayment of the indebtedness evidenced
<br />(herein "Note"), in the principal sun of .F H IFTY T by Borrower's note dated _Apri .1 2 5 , 198 5
<br />Q�II AND At-in A!0 1D0---------------------
<br />and interest 'providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sootier -Dollars,
<br />and WYE ui
<br />_ paid, due
<br />with interest thereon, advanced in accordance herewith to protect the security of this peed of Trust; and the the payment of all other sums,
<br />is of Borrower herein contained; and (b) the re performance of the covenants and
<br />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 ueecumber®d, and that Borrower will warrant and defend generally the title to the Pro pert
<br />insuring subject to any declarations, is of restrictions listed in a schedule of exceptions to coverage in any y agnst all claims and
<br />ttittlle insures policy
<br />Lender's interest in the Prouty.
<br />UNWORM COVENANTS. Borrower and Lender covenant and agree as follows.
<br />1' raym eN er ami !sure". Borrower shall promptly pay when due the
<br />by , prepayment � hue charges principal of and interest an the indebtedness evidenced
<br />Of Trust.
<br />greet as Provided in the Note, raid the principal of and interest an any Future Advances secured by this peed
<br />2, FU6 ht Tee+ tw lemmmmo. Subject to applicable law or to a written waiver by Lender, Borrower shall
<br />monthly installments
<br />Of 1w and interest are payable under the Note, until the Note is PAY to Lender the day
<br />paid in full, a sum (herein "Funds") equaal l to one-
<br />twelfth of the Yearly taxes and assessments which may attain priority over this Deed of Trust, and ground rents on the Property, if any, plus ones
<br />twelfth of Yearly Premium irate is for hazard insurance- plus ane•twelfth of I
<br />as Yearly premium installments for Mortgage insurance, if any, all
<br />estimated initially and from time to time by Lender on the is of
<br />The
<br />F amanita and bills and reasonable estimates thereof.
<br />be in an institution the deposits or accounts of which are insured or guaranteed by a Fcsieral err state agency (including
<br />lAmdeir if Lender is such an institution), shell apply the Funds to
<br />1 no charge for tray d taxes, a. manta, insurance premiums and ground rents,
<br />and applying the Fundx, analysing said account or verifying and com ill
<br />Lender pays grower inter CAI, on the Funds and Applicable law R � mid 1'en n , nl and cV bills.
<br />writing at the tip Of ex .u(k)n of this of Trust that interest On the Funds shall be �d tea, ltorruwei, And a 11rw waraitb rcemc nnIs rt de (it
<br />t
<br />
|