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DEED OF TRUST 85-00479.5
<br />THIS DEED OF TRUST is made this 30th day of September _
<br />19335._., among the Trustor, RALPH F. NIELSEN AND L A110N M_ NI I SEN, hty -,hand anri taife _
<br />(herein. AREND R. BAACK ATTORNEY AT LAW
<br />( herein " Trustee"), and the Beneficiary, HOME FEDERAL SAVINGS & LOAN ASSOCIATION OF GRAND ISLAND, NE
<br />a corporation orpnimd and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST, P. O. BOX 1009,
<br />QRAND ISLAND, NE 99902 herein "Lender").
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee,
<br />intrust, with power of sale, the following described property located in the County of HSL L
<br />State of Nebraska:
<br />LOT TWENTY -SIX (26), BLOCK TWO (2), IN CONTINENTAL GARDENS, AN ADDITION TO THE CITY
<br />Of GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />The Rider to the Deed of Trust which is attached hereto and executed oo 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
<br />(STREET) (CITYi
<br />(STATE & ZIP CODE)
<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, shall be deemed to be and remain a part of the property covered by this Decd of Trust; and all of the foregoing, together with
<br />said property for the leasehold 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 ._September 30__1965
<br />(Tterdn "Note "),in the principal sum of TWENTY FIVE _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 />andpaysbleon October 1 2005 thepayment ol'all other sums.
<br />with interest thereon, advanced in accordance herewith to protect the security of this teed 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 unencumbered, and that borrower will warrant and defend generally the title to the Property against all claims and
<br />demands, subject to any declaration$, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />insuring Lender's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Pa"W" of hfrsi/al aN l of moill. 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 flit Note, and the principal of and interest on any future Advancer secured by this teed
<br />of Trim.
<br />2. Etude far Ttsttw ad laeelrariee, Subject to applicable law or to a written waiver by Lender, Horiower shall pay to Lender on the day
<br />monthly imtdhnenfs of principal and interest are payable under the Note, until the Note is paid in full, a sum lherein "Funds ") equal to one -
<br />twelfth of the yearly tames and muliounents which may attain priority over this Deed of Trust, and ground rents on the Property, if any, plus oar
<br />twelhh of yearly premium imtailtaents for hazard insurance, plus one - twelfth of yeu', premium installments few mortgage insurance, if any, all
<br />m reasonably ersiam"d initially and from time to time by i aWtr on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds t be held in an institution the deposits of accounts of which are insured or guaranteed by a Federal or state agency ,including
<br />i..eneltst if Lender is such an iraetitution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents.
<br />Lender may not cIWga for so holding and applying the Funds, analyling said account or verifying and compiling said assessments and hills.
<br />"Alm Lender pays Borrawer Intarest ewe the Funds and applicable law permits tender to make such a charge. borrower and Lender may agree in
<br />writing at the tint of txKution of this Deed of Trust ilia, nuefett on the Fund, shall he paid to Roo arid netle,, tiuch ago minem is made , :,
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