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<br />DEED OF TRUST
<br />85-- 003942
<br />THIS DEED OFTRUST is Made this 16th dayof Arigust
<br />19 85 antimtherrustor, KARL T MELS AND SALLY K MELSON, HUSBAND �D WKEE
<br />(herein "Borrower "), AREND R. MACK, ATTORNEY AT LAW
<br />( herein "Trustee"). and the Bimefdary, HOME FEDERAL SAVINGS A LOAN AWOCIATION OF :GRAND MLAI/D, NE
<br />a corporation organized and existing under the laws of NEDRASKA whose address is M SOUTH LOCH P. 0. IBO7E; IM
<br />ti)RAND ISLAND, HE NM (herein "Lender ")
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grams and conveys to Trustee.
<br />in trust, with power of sak, the following described property located in the County of HAS_
<br />State of Nebraska:
<br />The Easterly One Half (E�-) of Lot Nine (9) and all Lot Ten (10) in Block Thirty two (32)
<br />partly in Carles Wasmer's Addition and partly in Charles Wasmer's Second Addition to the
<br />City of Grand Island, Hall County, Nebraska.
<br />The bider 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 th= Rider was a part thereof.
<br />which has the address of 04 W _ __L_ OU 1 S e
<br />(STREET-)
<br />Nebraska 68801 ___
<br />_...___(STAT E dt Z.IP CODE)
<br />-Grand [a! arid.
<br />____ _
<br />ICITY)
<br />-_ _.._. (hercir•. "Property Address");
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all casements, rights, appurtenances, rents
<br />Iuubject 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 he and remain a part of the property covered by this teed of Trust; and all of the foregoing, together with
<br />said property (or the kstKho)d estate if this Deed 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 -- .- -. - - --
<br />(herein "Note "). in the principal sum of FIFTY TWO THOUSAND DOLLARS AND, Dollars,
<br />- - --- -- r_- -- .c.- 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 />„ad psyabko„ _ September 1. 2015 _..__ 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 />apeements of Borrower herein contained, and (b) the repayment of any future advances, with interest thereon, made to Borrower by Lender
<br />purnmat to paragraph 21 hereof (herein "Future Advances").
<br />Borrower covenants that Borrower is lawfully sdsed 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 />demonds, subject to any declarations, easement ur restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />inturlrtg Leader's imertrst in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows
<br />1. f'aymm all Prireyal Mel hill~. Botrowet shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, prepsymom and (ate charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />Of Trust.
<br />2. Fm& for TMM"d lnaaraaea. Subject to applicable law or to u written waiver by Lendet, Borrower shall pay to Lender on the day
<br />mombiy ingalimerta of principal and interest are payable under the Note, until the Note is paid in full, if sum (herein "Funds ") equal to one
<br />twelfth of the yearly tam and assessments whkh may attain priority over this feed of Trust, and ground rents on the Property. if any, plus one•
<br />twditb of yearly premium isssta4ments for hisurd insurance, plus one - twelfth of yearly premium installments for mortgage, insurance, if any, all
<br />as rtrastsnably estimated iNtidly and from time to time by Lender on the basis of assessments and biM arid reasonable estimates thereof.
<br />The Fonda shall be held in an institution the deposits or ac:ounrs of which are insured or guaranteed by a Federal of state agency (including
<br />Leader it Lender is such an imttiturNM). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents.
<br />Lender may net chin for so holding and applying the Funds, analytina said account or verifying and compiling said assessments and hills,
<br />unles+r Lender pays Fortasser interest on the Funds and applicable law permits 1 rnder to make such a charge Hilt rower and I ender nnav aster in
<br />witting at the tin* of eseculum of INN lewd of !rust that runes) on the Funds shall be paid to Botrowet, and t rhos arch altteemeni is made „t
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