|
DEED OF TRUST 85. 004233
<br />THIS DEED OF TRUST is mark this _ lrri day of SFt ember
<br />Iq 85 ,8mongtImTrnstor, KENNETH K KOKES AND ETTA ft KOKES husband and wife
<br />AREND R. BAACK, ATTORNEY AT LAW
<br />(herein " 7twae "), and the Beneficiary, NOME FEDEIIAL SAVINGS a LOAN ASSOCIATION OF GUND ISLAND, NE _
<br />a corporation organitd and putter under the laws of NEBRASKA whose address is 221 SOUTH LOCUST, P. O. BOX 1005,
<br />GtRANO Iii ,W HE MW (herein "Lender ").
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee,
<br />in try, with power of sale, the following described property located in the County of HALL
<br />State of Nebraska:
<br />LOTS ONE (1) AND TWO (2), WEST SPELTS SCHULTZ ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br />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 - -- -2717 Del —
<br />(STREET)— (CITY)
<br />Nebraska 6BB01 (herein "Property Address "1:
<br />(STATE A ZIP CODE! - - - -- - --
<br />TOG1THER 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, stall 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 leasehoid estate if this Deed or 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 SptpmbP r 3 I qF;S
<br />SEVENTY THOUSAND AND NO 100-------------------------------- Dollars,
<br />(hereon "Note "), is the principal sum of �___ —r � . - - _
<br />with interest thereon, providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />said payable on October 1. 2015 _ .w— —_ the payment of all other sums,
<br />with interest thereoa, advanced in accordance herewith to protect the security of this Deed of Trust: and the performance of the covenants and
<br />agreements of Swower 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 unessambered, and that Burrower will warrant and defend generally the title to the Property against all claims and
<br />demarth, subject to any declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />Wavirias Lender's interest In the Property.
<br />UN PORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Pay d rslnehpd ant Intaeeat. Borrower shall promp ity pay when due the principal of and interest on the indebtedness evidenced
<br />br tha Note, prepay ism and late chergee u provided in the Note, ern) the principal of and interest on any Future Advances secured by this Deed
<br />Of Trust.
<br />2. Varb be Tom pros Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day
<br />ntoac>dy histallsaants d prindpaf and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds ") equal to tree -
<br />twoft of the yesely tau and manes which may attain priority over this Deed of Trust, and ground rents on the Property, if any, plus one -
<br />twelhh of yearly preeshist inatalhisints for hazard itssuance, plus one- twelfth of yearly premium installments for mortgage insurance, if any, all
<br />L sec milaoseibly alimialsd initially and from tune to time by Leader on the basis of assessments and alts and reasonable estimmes thereof.
<br />'tbr Funds else] be held in an institution the deposits or accounts of which are insured or guaranteed by it Federal or state agency litre luding
<br />Lander if leader it such an institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents.
<br />!.ender may not charge for so holding and applying the Funds. analyzing sand account or verifying and cYmspilina said assessments and hills,
<br />MOM tender pays Borrower interest ten the Funds and applicable law permits Lender to make such a charge. Bcxrower and Leader may agree in
<br />writing at the ttwr of ruvution of this feed of Trust that interest on the Funds %hall he paid to Aurtower, and unless such attreemeni is mate of
<br />I
<br />
|