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?M- 004822
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made this 1st day of tfc to ner
<br />19 85 ' among dw Truetor, CLARK W, REESE AND KAREN L. REESE, HUSBAND AND WIFE
<br />(herein "Sorroww "), AREND R. BAACK, ATTORNEY AT LAW
<br />Awwein "Taurus "), and the Beneficiary. NOW M)MIAL SAYINGS t LOAN ASWMATHM OF GRAND ISLAND, NE
<br />a, organised and existing ttsder the laws of NI BRASKA whoa address is 221 SOUTH LOCUST, P. O. SOX 1000,
<br />WMNO NIND, NE IMO= (herein „Lender ")
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein crated, irrevocably `rants and conveys to Trustee,
<br />is trust, wkk power of sale, the following described property located in the County of Hall
<br />State of Nebraska:
<br />THE WESTERLY THIRTY EIGHT (38) FEET OF LOT FOUR (4), AND ALL OF LOT FIVE (5), IN BLOCK
<br />NINETEEN (19), IN MORRILL'S ADDITION TO THE CITY OF GRAND ISLAND, 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 agreement) of this Mortgage as if the Rider was a part thereof.
<br />which haatbeoddreesof _2123 W Koenig Grand Island
<br />(STREET) (CITY)
<br />Nebraska 68803 _(herein °'Property Address ");
<br />(STATE A ZIP CODE)
<br />TOOLMHER with all the improvements now or hereafter erected on the property, and all easements. rights, appurtenances, rents
<br />(shbjea however to the fish" and authorities given herein to Lender to collect and apply such rents), royalties, mineral, al and jar rights and
<br />proiks, wow, wow rigius, and wow stock, and all fixtures now or hereafter attached to the property, all of which, including replacements and
<br />additioae thanto, shat be damal to be and ravain a part of the property covered by this Dad of Trust; and all of the foregoing, together with
<br />said property (or the leneaholdestate if this Deed of Trust is on a kasalwld) are herein referred to as the "Property ";
<br />TO SECURE to Lender (a) the repayment of the indebtedness evidenced by Borrower's note dated October 1. 1985
<br />(bads --mow,), in onpcisdpal sum of _SIXTY TWO THOUSAND EIVF HUNDRFD DOLLARS AND N0 1100 - - - -- Dollars,
<br />with inara o dseraon, pcovidbtg for aonthly instalbatats of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />and pyablg an Or_ mast r 1. 2015 ; the payment of all other sums.
<br />wish insereet thereon, advaocd in accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and
<br />agremntents of Borrower basis comained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Leader
<br />pursuant to pa a 1 1 21 hereof (herein "Future Advances' ).
<br />Borrowar eoveasew that Borrow- is lawftdly 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 getwally the tick to the Property against all claims and
<br />dowsads, wtbjm to my dedaretioot, moments or restrictions listed as a scheduk of exceptions to coverage in any title insurance policy
<br />inetri% Looft's ithtaree'is the Property.
<br />UNUIORM COVENANTS. Borrower gad Lendw covenant and agree as follows:
<br />L Fog es1M air and hwrees. Borrower shall promptly pay when due the principal of and Interco on the indebtedness evidenced
<br />by Ur Now prepayment and We charges an provided in the Note, and the principal of and interest on any Future Advances secured by this Dad
<br />Of Trail.
<br />L Fndn be Taus vM Inwsaoen. Subjes to appbeabk law or to a written waiver by Leader, Borrower shall pay to Lauder on the day
<br />nmW* hsselooft of prkm*W and latoreat are payable under the Note, until the Note is paid in full. a ern (herein "Funds ") equal to one -
<br />tweiltlt of da yearly terns sad amommam which may attain priority over this Dent of Truce, and ground rent on the Property. If say, phis otw
<br />L tweM of yeady prearI ursrimeas for hnasard Iasoraaa. pier one-twelfth of yearly pren king instalments for mortgge insurance. if any. all
<br />as nanwbly adoo sad dnidally and from tins to time by Leader *nth* bask of mermess and bilk and reaeow" estimates thereof.
<br />TW Farb shat be laid in an GstNuhon the time" or accounts of which are lastrad or guaranteed by a Federal or state yercy (including
<br />Lender if Lender is evoh to knNiuMioo. Leader shat apply the Funk to pay said cuss, aeewmaau, insurance premiums and around rents.
<br />Leader may to cheep for so beddini and appiybug the Pueds, analysing said account or verifying and compiling said assessments and bills.
<br />valor Lender pa" Borrower Interest an the Fwnds gad applicable kw permits Lender to make such a charge. Borrower and )tender may agree to
<br />writing at the tags of mansion of this Dad of Tuns that Interest on the Funds s1Wl be paid to borrower. and unless such wemtent is made or
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