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In
<br />DEED OF TRUST $5.. 002396
<br />THIS DEED OFTRUSTis made this -- 17th dayof may
<br />j 1985 among the Trustor, DONALD L. BUTTS AND _BETTY R. BUTTS husband and wife
<br />j (hard—Borrower—), AREND R. MACK ATTORNEY AT LAW
<br />(herein "Trustee"), and the Beneficiary, HOME FEDERAL SAVINGS A LOAN ASSOCIATION OF GRAND ISLAND, NE
<br />A corporation ortanized and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST P. O. BOX 1(X!11,
<br />GRAND ISLAND, NE � (herein "Lender" ).
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee,
<br />intrust. with power of sale, the following described property located in the County HALL
<br />State of Nebraska; ,
<br />LOTS FIFTY FIVE (55) AND FIFTY SIX (56) BELMONT ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNT'
<br />NEBRASKA
<br />which has the address
<br />(STRCE'f) --
<br />— -- (herein " Propeny Address "); (CITY)
<br />(STATE & "LIP CODE)
<br />TOGETHER with all the improvcrnents now or hereafter circled on the property, and all easements, rights, appurtenances, rents
<br />(subject however to the rights and authorities given herein to Leader 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 />said additicars thereto, shall be deemed to be and retrain a part of the property covered by this Deed of Trust; and all of the foregoing, together with
<br />Ir nY (or tie ItaschoW 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
<br />(baern "Note "), in the principal ._ _ _ Y
<br />pr pa)sumnf Tu NTY MIL .�_1�iI�_._N�11?(7 - -- - _--- L%ollua-
<br />with interest thereon, providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />RaYabls on .._- IL =� -..� .._, rlrlr i .._._.__ .. the Payment of all other sums,
<br />with interest thereon, advanced _ -_
<br />6 ►need in accorlfanc.e herewith to patNCCt the sec:utnv of this Deed of trust; and the performance of the covenants and
<br />ag: is of Borrower herein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Lender
<br />pur. suant to paragraph 21 hereof (herein "Fur are Advances").
<br />grower covenants that Borrower I% lawfully se650 of the estate hereby conveyed and has the right to grant and convey the Property,
<br />lbat the Property is unencumbered, and that Burrower will warrant and defend generally the title to the Property against all claims and
<br />subject nt any dude proper easements or re, tricnOnS listed in If schedule of exreptiolts to coverage in any title insurance policy
<br />incur 's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as lollows:
<br />1, P*YN@M Of PFhlckW MM 161"wt. Borrower shall promptly pay when due the pill, '!pal of and interest nn the indebtedness evidenced
<br />by the Note, prepayment crud late charges as provided in tore Note, and the principal of and interest on any Future Advances secured by this Deed
<br />of "trust.
<br />#. F (al, Tlm and Inessram.. Subject to applicable law or In a written waiver by Lender, Borrower shall pay to Lender on the day
<br />monthly i s of principal and interest are payable under the Note, until the Note is paid in full, a sum (herein "I-und% -u equal to cme
<br />t h of the yearly rah and is which may attain priority over this Deed of Trust, and ground rents on the Pro(scttd rf, any, plus ofle-
<br />lwdftb of Yeatly pr cum ifmtatlmenl.s for hazard insurance, puts one.lwclfth of yearly prettoutn u"tallments for mort
<br />as gage age ittsuranar, 1f any, all j
<br />y initially and tier tirrte to time by Lender on the basis at assessments and hills and reasonable estimates thereof. )
<br />the Fu a l he held in ace institution the deposits or accounts of which are mauled nr guaranteed by a 1 cderal or state agency (Including
<br />I. if liner is atKh an in"tituliarn) Lender %hail apply the Funtla 1+, 1)4y raid taxes, aesessmeuts, insurance plem611r11s and gtmrnd urns w
<br />l ear may mast cfoaage fcrr set) holding arul at lying the 1•unets, analYltlig +aid 811MInt or certfytng and coneptitng valet ayscssrncln% anel h611w. >
<br />sari - i. ys W)MINNea interest on the I unds and apphcahle law Ifrnell% I router Io make such a cilarge ttortowea rind t endea may aatrre ice
<br />,arch tr Al Ote ttI" of r aft ution of this I)rea) of I nr%1 that trtl Cyr %I am tflr F ill etro ,hall be pater to Itaolowrr, and unir•,.. ,11"11 aalirccrt,eat 14 utadc oI
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