|
L
<br />DEED OF TRUST 85-. Q03080
<br />THIS DEED OF TRUST is made this — 28th day of —_ June
<br />19_ 85. among therrustor, JOSEPH E SETLIK AND DOROTHY M SETLI HUSBAND AND WIFE
<br />Oxreta "Borrower " > AREND R. BAACK ATTORNEY AT LAW
<br />(herein " Trustee"), and the Beneficiary, HOME FEDERAL SAYINGS l LOAN ASSOCIATION OF GRAND ISLAND, NE
<br />a corporation orSaniaed and acisdng under the laws of NEBRASKA whose address is 721 SOUTH L_OCU8T, P. —0.80X t00Y
<br />GRAND ISLAND, HE lMB2 (herein "Lender"). —
<br />BORROWER, inconsideration 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 of HALL
<br />State of Nebraska:
<br />THE SOUTHERLY ONE -HALF OF LOT ONE (1), IN BLOCK EIGHTY EIGHT (88) IN WHEELER AND
<br />BENNETT'S FOURTH ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />The Rider to the Deed of Trust which is attached hereto and executed on the same day is
<br />hereby incorporated into the mortgage. The Rider shall amend and supplement the covenants
<br />and agreements of this Mortgage as if the Rider was a part thereof.
<br />which has the address of 1614 North Pine Grand Island
<br />(STREET) (CITY)
<br />NtLbraSka 68801
<br />(STATE R 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 pan of the property covered by this Deed of Trust; and all of the foregoing, together with
<br />said property (or the latchold estate if this Dad 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 June 28. 1985
<br />(herein "Note"). in the principal sum of TWENTY TWO THOUSAND DOLLARS _AND _NO 100 --------- --- - ----- Dollars
<br />with interest tbereon, providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />and payable on July 1. 2000 ; the payment of all other sums,
<br />with interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and
<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 seised of the estate hereby conveyed and has the right to grant and convey the Property,
<br />that the Property is uneacumbered, 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 to coverage in any title insurance policy
<br />insuring Leader's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. P" of hbelpl and wlsnol. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, agrnYment and late Charles as provided in the Note, and the principal of and interest on any Future Advances secured by this teed
<br />Of Try.
<br />2. ;rani far Ttwa rand fttttatranee. Subject to applicable law or to a written waiver by lender. Borrower shall pay to Lender on the day
<br />MOOft inistadmealis of principal and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds ") equal to one -
<br />tweffth of the yearly tam and which may attain priority over this Deaf of Trust, and ground rents on the Property, if any, plus one-
<br />twelfth of ysrly Pfsmium iug&UONWS for hazard insurance, plus one - twelfth of yearly premium installments for mortgage insuratm, if any, all
<br />ar r initially and from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />. The Funds #gall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes assessments, insurance premiums and ground rents.
<br />Lend" may no charge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and hills,
<br />unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender may agree in
<br />writing at the time of execution of this dead or Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is rnade or
<br />N
<br />
|