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DEED OF TRUST 1 85-- 0043g3 THIS DEED OF TRUST is made this ..........6th ............... day of September .............. . 19..85, among the Trustor, .. Timothy .M.. Rust. and .Nadine. L.. -Rust,'. Husband .and• Wife • • • • • .. . ............. ............................... ( herein " Borrower" ).......•...................... ...First. American. Title .Insurance - Company ................ (herein "Trustee" ). and the Beneficiary. ..... Sectu'dty .Pacific. Finance. Corporation ....... . ................. a corporation organized and existing underthe laws of , . the .state. of. Nebraska .............................................. whose address is ............... 3323 W. Capital; -Grand- Is•1•and; -Nebraska • •68803• • • • • • • • • . • • - ................... I ................ • ........................ therein "Lender "). BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County of ........ . Hall....• • .........................State of Nebraska: Part of the northeast 4 of Section 2, Township 11 North, Range 10 west of the 6th P.M., more particularly described as follows. Commencing at a point 1,012.5 feet west of the northeast corner of said northeast �z of section 2, thence running south parallel with the east line of said'114 section for a distance of 306 feet running thence west parallel with the north line of said 34 section for a distance of 142.5 feet running thence north parallel with the east line of said % section for a distance of 306 feet to the north boundary line of said 1% section, running thence east along and upon the north boundary line of said r section for a distance of 142.5 feet to the place of beginning subject however to � of county road to the north of said premises N /K /A Lot 6, Ed Ross subdivision ))2, Hall County, Nebraska. which has the address of ..........4075 • Airport Road; - Grand -Island-,' ?;(ftaSka- .. ' . ' ' ' ' ' ' l,, w Nebraska ....68801 .................. (herein "property .Address"); ihp Gunn TOGT'rHER with all the improvements now or hereafter erected on the property, and all easements. rights. appurtenances and rents (subject however to the rights and authorities given herein to Lender to collect and apply such rents), all of which 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 said property (or The leasehold estate if this Deed of Trust is on a leasehold) are hereinafter referred to as the .'Property..: TO SECURE to Lender the repayment of the indebtedness evidenced by Borrower's note dated. - 9/6/85.. • .. • .. - • • • • • . • • • .. • • • • ........... and extensions and renewals thereof(herein Note"). in the principal sum of U'S'$ 3232.99 .......... . . . . . . ...... with interest thereon. providing for monthly- installments of principal and interest, with the balance of the indebtedness. if not sooner paid, due and payable on ...91.11/88 .............. the payment of all other sums. with interest thereon, advanced in accordance herewith to protect the security of th . . is Deed of Trust; and the performance ofthe covenants and agreements of Borrower herein contained. Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property, and that the Property is unencumbered, except for encumbrances of record. Borrower covenants that Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to encumbrances of record. UNIFORM COVENANTS. Borrower and lender covenant and agree as follows: I• Pa7sa" of Priacipd and Wermt. Borrower shall promptly pay when due the principal and interest indebtedness evidenced by the Note and late charges as provided in the Note. 2. Real for Tara amt) Imearimm. Subject to applicable law or a written waiver by Lender. Borrower shall pay to Lender on the day monthly payments of principal and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds") equal to one - twelfth of the yearly taxes and assessments (including condominium and planned unit development assessments. if any) which may attain priority over this Deed of Trust- and ground rents on the Property, if any, plus one - twelfth of yearly premium installments for hazard insurance, plus one - twelfth of yearly premium installments for mortgage insurance, if any. all as reasonably estimated initially and from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof. Borrower shall not be obligated to make such payments of Funds to Lender to the extent that Borrower makes such payments to the holder of- a prior mortgage or deed of trust if such holder is an institutional leader. aRASK�- ttpME iMPROYE MENT -1 i8D -FNMA FIM MC INIIFOIaI INSTtaMlEtti m1204M IR