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<br />DEED OF TRUST 85--- 00366$
<br />THIS DEED OF TRUST is made this th
<br />19.85 among the Trustor, S•rEPHEN D. NUSS AND MARY A [LUIGC day of_ July
<br />(— (herein "Borrower"), AREND R. BAACK, rnn , r i r i= —
<br />j (ttrrein "Trusts "), and the Beneficiary, ATTORNEY AT LAW
<br />rciary, HOME FEDERAL SAVINGS i LOAN ASSOCIATION OF GRAND ISLAND, NE
<br />a corporation organized and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST p. O. BOX 1009
<br />GRAND ISLAND, NE 6111M (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 of HA
<br />State of Nebraska:
<br />SUITE FOUR (4) IN BRENTWOOD -BY- THE -LAKE, CONDOMINIUiM PROPERTY REGIME II, IN THE CITY OF
<br />GRAND ISLAND, 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 2747 Lakewood Drive
<br />(STREET)
<br />Nebraska 68801 (CITY)
<br />(STATE &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, ad 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 note dated _7y( I Y 2-15, 198 5
<br />( herein "Note"), in the Principal sum of NINETY-1-1—EL THQ-USAND AND Nn/ Inn----
<br />with interest thereon. Providing for monthly installments of principal ---Dollars,
<br />P pal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />of
<br />adpayabh:on Augu�t ] 20i5
<br />with interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the the payment he all other sums,
<br />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 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 />insuring Lender's interest in the property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. layt01111101 of Prividpal tat hatreat.. Borrower shall promptly
<br />�, the Noe P p y pay when due the principal of and interest on the indebtedness evidenced
<br />Prepayment and Late charges as provided in the Note, and the principal of and interest in any Future Advances secured by this Deed
<br />of Trust.
<br />2. F"ft fat Tatra and 11110111t lee. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day
<br />monthly installments of Principal and interest are payable under the Note, until the Note is
<br />of the yearly taxers and as smerits which may attain priority over this Deed of Trust• paid d ground rents on he Property, d if)an cal us one-
<br />twelfth
<br />twelfth of yearly premium installments for hazard insurance, plus one- iwe] ft of earl Y, plus one-
<br />twelfth
<br />as reasonably estimated initially and from time o time by Lender on the basis of assessments and bills and reasonable estimates thereof, it any, all
<br />The Funds shall be held ins an institution the deposits Of 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 raid taxes, assessments, insurance premiums and ground rents.
<br />fender may not charge for so holding and applying the Funds, analyrrng said account or verifying and compiling said assessments and hills.
<br />unless "code' pays Borrower interest on the funds and applicable law permits I ender to nuke such a charge. Borrower and I ender may agree or,
<br />writirig at the time of execution of this Deed of Trust that interest on the funds 0141, he paid to Borrower, and unless smh asreenierit it ma.ir m
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