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DEED OF TRUST 85- 004529
<br />THIS DEED OF TRUST is made this 17th dayof_ Cantemhar
<br />19-85-,amongtheTtustor, Orrin C. Kraus A Patricia T= jirrnrss hnShand and Wife
<br />{herein Borrower•'), AREND R. BMCK ATTORNEY AT LAW
<br />(herein "Trustee"), and the Beneficiary, HOME FEDERAL SAVINGS t LOAN ASSOCIATION OFF GRAND ISLAND NE
<br />a corporation organized and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST, P. O. BOX 1009,
<br />GRAND BLAND, HE SM2 (herein "Lender ").
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee,
<br />in trust, with power of sale, the following described property lo^ated in tk: County of Hal 1_
<br />State of Nebraska:
<br />LOT THIRTY -FIVE (35), CAPITAL HEIGHTS SEVENTH SUBDIVISION, HALL COUNTY, NEBRASKA
<br />The Rider to the Deed of Trust which is attached hereto and executed on the same day is
<br />hereby incorporated into the mortgage. The Rider shall amend and supplement the covenants
<br />and agreements of this Mortgage as if the Rider was a part thereof.
<br />which has the address of 4210 Nebada Avenue----------- Grand Island
<br />(STREET) (CITY)
<br />Nebraska 68803 "Property Address ");
<br />(STATE A ZIP CODE) i
<br />TOGETHER 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, shrill 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 leasehold estate if this Deed of Trust is on a leasehold) are herein referred to as the "Property"
<br />TO SECURE to Leader (a) the repayment of the indebtedness evidenced by Borrower's note dated September 17. 1965 _
<br />(herein "Note"), in the principrnd sum of FORTY FIVE THOUSAND DOLLARS AND NO /100 - -- — Dollars,
<br />_
<br />with interest thereog, providing for in slh� installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />adpayable on UCLober 1, - L015._ _-_._-._._ ____ .___- _....__-__..-_______.__ ;thepaymentofallothersums,
<br />with interest thereat, 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, 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 unericunbered, and that Borrower will warrant and defend generally the title to the Property against all claims and
<br />demands, subject to any declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />inswing Leader's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. hysaw of rdeelpt ant Nosiest. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, prepayment and late 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. Peelle Nr Tana nsM hsitrnaats. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day
<br />monthly installments of principal and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds ") equal to one -
<br />twdUh of the yearly titate said asieasments which may attain priority over this Deed of Trust. and ground rents on the Property, if any, plus oM-
<br />twdith of yearly praafunt installments for hoard insurance, plus one - twelfth of yearly premium installments for mortgage insurance, if any, all
<br />L as reasonably ea asated initially and from time to time by Leader on the basis of usessments and bills and reasonable estimates thereof.
<br />The Fwwb shaft be held in an Institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />Leader if Lester Is such an irotltution). Lender shall apply the Funds to pay said taxes. assessments, insurance premiums and ground rents.
<br />Leader may not charge for see holding and applying the Funds, analyzing said account or verifying and compiling said assessments and hills,
<br />uadats Larder pays Borrower Interest on the Funds and applicable law permits tender to snake such a charge. Borrower and (.ender may agree in
<br />writing so the time of execution of this flead, of fruit that interest on the Funds shall be paid to Borrower, and unless such agreement is made or
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