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LiriVAL %YV 111 V 71 .. , .
<br />85- 003099
<br />THIS DEED OF TRUST is made this 28th _ day of __ .le a np
<br />19 85 'amongtheTrustor, _ DEBORAH K_ AHRENSs IINMARRIFn
<br />'--ND R. SAACK ATTORNEY AT LAW
<br />(here" •`Trustee" ), and the Beneficiary, HOME FEDERAL SAVINGS i LOAN ASSOCIATION OF GRAND ISLAND NE
<br />a corporation orgaaiaed and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST, P. O. BOX 1000
<br />GRAND ISLAND, NE 00002 (herein "Lender").
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee,
<br />in trust. with power of sale, the following described property located in the County ofHa I 1
<br />State of Nebraska:
<br />LOT THIRTY TWO (32), BLOCK SIX (6), UNIT TWO CONTINENTAL GARDENS, AN ADDITION
<br />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 addremof #32 Chantill
<br />(STREET) (CITY)
<br />Nebraska 68801 (herein 'Property Address");
<br />(STATE A Z1P CODE)
<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 part of the property covered by this Deed of Trust; and all of the foregoing, together with
<br />said property (or the leasehold estate if this Deed of Trust is on a leasehold) are herein referred to as the "Property;
<br />TO SECURE to Leader (a) the repayment of the indebtedness evidenced by Borrower's rote dated .1 e e np 2R
<br />(herein "Note "), in the principal sum of FORTY ONE THOUSAND SIX HI INDRFn not a eoc nND NO 41 DD s 1985
<br />Dollars
<br />with interest thereon, Providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />and payable on JU 1 Y 1, 2015 ; the payment of all other ems,
<br />with mterat thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the perfornumm of the covenants and
<br />4111emaents of Borrower herein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Leader
<br />Pursuant to paragraph 21 hereof (herein "Future Advances ").
<br />Bonowa 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 unencumbered, 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 />insurins Lender's interest in the Property.
<br />' UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. FWw" of Peisegal and ihd~. Borrower shall promptly pay when die the principal of and interest on the indebtedness evidenced
<br />by the Note, prepay vera and late charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />OfTrtW.
<br />2, R>rais for Taw =W llasaram. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day
<br />fly i0111111111100011 of principal and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds ") equal to one-
<br />twl RM of the Yob ts>a and asseawaau which may attain priority ova this Deed of Trust, and grouted rents on the Property, if any, plus one.
<br />twelfth of rialy Premium installments for harard insurance, plus one-twelfth of yearly premium Installments for mortgage insurance, if any, all
<br />as reasonably estimated initially and from time to time by Lender on the basis of assessme u; and bills and reasonable estimates thereof.
<br />The Funds shsdl be held is an inuthudon the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />Leader if Leader is such an Institution), Leander shall apply the Funds to pay said taxes, ssussments, insurance premiums and ground rents.
<br />Lender may not charge for su holding and applying the Funds, analyzing said account or verifying and compiling said assessments and bills,
<br />unless Lender pays Burrower 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 Deed of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made or
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