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64404 -1 -18 DEED OF TRUST PHIS DEED OF TRUST ("Security Instrument; is made on ......J.0 na.., A .............................. 19..85 Tlo tTMW is MJ1Mh;L1L..Nazderat..und..Ileai ute. & ... harslet o, , �0?14�.. axu .risht,... (•'Baro+ver'•). The trustee is ............................................................ arld xd.fe, ... ... .............................................................. .. �.]GRS� 8�,. �AlXIII AlA? I�Allat Ar$AQ9UT1QIJ, 41? �+TJ1[AS?1L i ("Trustee"). •) T!>e u "I' under the laws of X4 .sS'il1E! .�> !A!l4�lci4 , which is organized g T+ o►�a ...�ite,i �tt�htt andwhoseadd..... Borrower owes Lender the principal sum of T!!QntX .Eight �uaand and "ao %100 (� w' ) . .. ....... ....• ....... ...... ......... Dollars;i [ T S S........2bil004a .......). I his debt is evidenced by Borrower's mote dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if am Paid a' Wrlier', due and payable on ................................... .ttlX ....................] ......2AA�............... This Security I' nstrument secures to Lender. a he ........ .....`.. rmewais,rxtensions and modifications; () repayment of the debt evidenced by the Nom with interest, mW all - (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property batedin ........ Hall .................................. I ...................................................... ................ County, Nebraska. Easterly Forty —Four (44) feet of Fractional Lot Two (2), in Fractional Block Fourteen (14), in Kernohan 6 Decker's Addition to the city of Grand Island, Hall County, Nebraska and of its complement to -wit: Fractional Lot Two (2) in Fractional Block Fifty -One (51) in Packer ti Barr's Second Addition to the city of Grand Island, Hall County, Nebraska C= o en Oo D e, $. rn tt� in to c cn try to t which has the address of .1809 West ..Street 1111........... ��p�d � Atui ................... (stnetl \ Nebraska ...........68801 ................................ ( "Prey Address "); (City] tzro coal TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." 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 warrants and "will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. Tests SEcURtTV INSTRUMENT combines uniform covenants for national use and nonuniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows; L Payment of`PriaeipW and interest; Prepyment and Late Charges. Borrower shall promptly pay when due the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note. 2. Faeb for Taxes and lmurem. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ( "Funds ") equal to one•twelfth of: (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the bens of current data and reasonable estimates of future escrow items. The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items. Lander may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless FORM #85 -07 NIFA 5/85