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<br />DEED OF TRUST g5"' 003877
<br />HIS DEED OF TRUST is made this 14th day of August
<br />19 85 ,amotgtbeTrusttx, RICHARD D SAALFELD AND RHONDA L SAALFELD HUSBAND AND WIFE
<br />therein "llorrower " >, AREND R. BAACK ATTORNEY AT LAW
<br />(halo "Trustee'). and the Beneficiary. HOME FEDERAL SAVINGS A LOAN ASSOCIATWN OF GRAND ISLAND, HE
<br />a corporation organized and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST, P. O. BOX 1001.
<br />GRAND ISLAND. NE 01102 (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 of Hall
<br />Sate of Nebraska: .7
<br />LOT TWNETY -NINE (29), BLOCK THREE (3), LAKE DAVIS ACRES SUBDIVISION, HALL COUNTY,
<br />NEBRASKA. iw
<br />The Rider to the Deed of Trust which is attached hereto and executed or the same day
<br />is hereby ircorporated'irta 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 823 Austin Avenue, Grand Island
<br />(STREET) ;CITY)
<br />Nebraska 58801 (herein "Property Address "),
<br />(STATE & ZIP CODE)
<br />TOGETHER with all the improvements now or hereafter erased on the property, and all easements, rights, appurtenances, rents
<br />(subject however to the tights and authorities given herein to Lender to collect and apply such rents), royalties, mineral, oil and gas rights and
<br />profits, water, water tights, and water stock, and all fixtures now or hereafter attached to the property, all of which, including replacements and
<br />additionis 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 lessebold estate if this Deed of Trust is on a leasehold) are herein referred to as the "Property",
<br />TO SECURE to Lender ta) the repayment of the indebtedness evidenced by Borrower's tote dated August 14. 1985
<br />..NOW,), iuftprisapW win of FIFTY NINE THOUSAND TWO HUNDRED AND NO /100 ----------------- 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 Aa>`ablet on September 1, 2005 ; 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, trade to Borrower by Lender
<br />pursuant to paragraph 21 hereof (herein "Future Advances").
<br />Borrower covenants that Borrower it lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property,
<br />the the Property is unencumbered. and that Borrower will warrant and defend generally the title to the Property against all claims and
<br />derisandt. subject to any declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />i Lt's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. raysarat of Ptlasipl amed loins at . Borrower slab! promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Batt, prepayment and Ito charges as provided in the Noe, and the principal of and interest on any suture Advances cured by this Decd
<br />of Trust.
<br />2. P=6 Nr Taeaa sail M-etta ore. Subject to applicable law or to a written waiver by Leader. Borrower small pay to Lender on the day
<br />monthly mitalhumats of Principal and lowest we payable under the Note, until the Noe is paid in full, a sum therein "Funds') equal to one-
<br />twdM of the yewly qtr- and juatiuments which may attain priority over this Dead of Trust, and ground rents on the Property, if any, plus one-
<br />twelfth of yearly premium installments for hazard insurance, plus ore- twelfth of yearly premium installtrxnts for mortgage insurance, if any, ail
<br />as ratutratibly sonmud inkiaffy and from time to time by Lender on the basis of Ltoessments and bills and reasonable estimates thereof. 27,
<br />The Funds shall be beld in as institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency 4including
<br />Lender if Lender is such an ' ut ). lAnder sW apply the Funds to pay said taxes. assessments, insurance premiums and ground tents. �ID
<br />Lender rwy not charge for - holding and aqipNyhg the Funds. analyzing said account or verifying and compiling said assessments and bills.
<br />wdess Leader pays Borrower interest rm the Funds and applicable law permits Lender to make such a charge. Borrower and Lender may agree tat i
<br />writing at the time of execution of this Decd of Trust that interest on the Funds shall be paid to Borrower. and unless such agrerment is m hoc +vr
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