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<br />DEED OF TRUST
<br />-der the in" of NWRA A whose address is 111; SOUTH LOCUST, F. a BOX 14M
<br />(hwda'•Letttler" ).
<br />of the indebtedisess herda recited and the trust herein crated. irrevocably grams and conveys to Trustee,
<br />og described property bated in the County of Hall
<br />LOT SIX (6), IN BLOCK SIXTY FIVE (65), WHEELER AND BENNETT'S ADDITION TO THE CITY
<br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />LOT SEVEN (7) IN BLOCK SIXTY FIVE (65), IN WHEELER AND BENNETT'S ADDITION TO THE CITY
<br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />which has the address of 504 E. 12th L 510 E. 12th, Grand Island, NE 68801
<br />(STREET) (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 howava 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 replacemems and
<br />additions therein, 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 (a the leasehold estate if this Deed of Trust is on a lasehoW) are herein referred to as the "Properly ";
<br />TO SECURE to Leader (a) the - yr�� of� indebtedness evidenced by Borrower's rate dated Seateittber 11. 1985
<br />�•.�e•q,in�y �� 1RTEENinTHOUSAND SIX HUNDRED DOLLARS AND NO 1100 - - - -- Dolien.
<br />wish inlwwt theraott, protridiaa for grgWhly w us of principal and interest, with the balance of the indebtedness, if rtes sooner paid, due
<br />and POP" R dgt►C 11, I : the payment of all other sums,
<br />wish Mutual doeraoa, advanced in accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and
<br />sommsente of Borrower herein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Leader
<br />pwsnat to paragraph II hereof (hrreia "Ptnure Advances ").
<br />11101 -00041 covaMM drat Borrower is lawfully udsed of the estate hereby conveyed and has the right to grant and convey the Property.
<br />dot rhea Property k unencumbered. and that Borrower will warrant and defend generally the title to the Properly against all claims and
<br />da nanda, subject to my dodarad0ns, moments or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />i0tming Ladw's hllat 1 M the Property.
<br />UNU ORM COVENANTS. Borrower and Lemkr covenant and agree as follows:
<br />1. Fm d Pdndpao a d lnmast. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by doe NOW 1 1 - and bite dtargea as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />of TMNL
<br />L F11Bb iNr Tto ns nd 1uaO0ea, Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lades on the day
<br />ntoMiill htNdlinsente of principal and interest are payable under the Note, until the Note is paid in full, a sum (basin "Funds ") egtwl to one -
<br />twdhb of the yearly tarn and assessments which may attain priority over this Deed of Trust, and ground rants on the Proper ty, if any. plus one -
<br />twaMk of yearly p ressitun hunaMntats for hazard insurance, plus one-twelfth of yearly premium Installments for mortgage latuance, if any, all
<br />as reaaonaMy s doused WAIdly and from time to time by Lander on the bask of amessminu and bilk and reasonable estimates thereof.
<br />The PM& Ad be hall in an institution the deposits or ate mu of which we insured or guaranteed by a Federal or state agency (including
<br />Insider if Lander I1 such an Institution). Lender sbd apply the Funds to pay MW taxes, assessments, insurance premiums and ground rents.
<br />Lauder on not charge for so holding and applying the Funds, armlyrJns said account or verifying and compiling said assessments and bills,
<br />makes Lender "Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and (.ender may agree in
<br />writing at the time of execution of this Dad of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made or
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