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DEED OF TRUST
<br />. 85-004842
<br />THIS DEED OF TRUST is made this ist day of October
<br />19-jj5,_,&monjtkTrustor, GARY EDWARD SHOVLAIN AND LINDA DIANE SHOULAIN, husband and wife
<br />(herein "Borrower"). AREND R. BAACK ATTORNEY AT LAW
<br />(herein "Trustee "). and the Beneficiary, NOME FEDERAL SAVINGS ✓k LOAN ASSOCIATION OF GRAND ISLAND, NE
<br />a corporation organized and exiatirq under the laws of NEBRASKA whose address is 221 SOUTH LOCUST, P. O. SOX 1005,
<br />GRAND ISLAND. NE UM (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 located in the County of HALL
<br />Sate of Nebraska:
<br />LOT FIVE (5) FONNER SECOND SUBDIVISION, AN ADDITION TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />The Rider to the Deed of Trust which is attached hereto and executed or, the same day
<br />is hereby incorporated into the mortgage. The Rider shall amend and supplement the
<br />couerants and agreements of this mortgage as if the Rider was a part thereof.
<br />which has theaddreuof i9G'3 South Locu -t -- - _-- _ - =raid island _
<br />(STREET) (CITY)
<br />Nebraska b8801 _. (herein "Property Address ");
<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, shad 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 Wasehold pate 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 October 2 , 1985
<br />(henitn• Note ').in the principal sumofSEVENTY TWO THOl,ISWJD f1'dC "I(0%10J= -- ------ -- -- - - - -- Dollars,
<br />with WAKM thereon, providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sootier paid, due
<br />and pay" on ; ;)vembet -l. 2005 - - -- - _---- ---- - -�__ -_ :the payment of Ali other sums.
<br />with interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and
<br />yreaose is of Borrower herein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Lender
<br />purwasit to paragraph 21 bereof (herein "Future Advances ").
<br />Burrower eovenanu 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 />desssnds. subjaet to any declaration, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />imtuias Lander's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lemler covenant and agree as follows:
<br />A. Por=W sf PrhWW ad Wassail. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Norte, prepayment and law charger as provided in the Note, and the principal of and interest on any Future Advances securest by this Deed
<br />of Tr".
<br />2. Haab Nn Twn std laseraace, Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day
<br />tskcakthly isstaYtttssts of pencipal and interest are payable under the Note, e..dl the Note is pad in full, a sum (herein "Funds ") equal to one-
<br />L twd th of fhe yttriy tacos and sssssen nts wW- may attain priority over this Deed of Trout, and grouted rents on the Property, if any, plus one -
<br />ew@M of yekr(y psesium Itwtallmasis for hazard insurance, plus erne- twelfth of yearly premium installments for mortgage insurance, if any, all
<br />as reasonably eeransad Initially and from time to time by lender on the basis of assessments and bill, and reasonable estimates thereof. 1 ,
<br />The Raids dutll be hold In an ismitution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />larder If Lemdsr is pick an itwtauuon). Laxke shall apply the Furls to pay mid taxes, assessments, insurance premiums and ground rents.
<br />under may not charpp for so holding: and applying the Funds, analyzing said account or verifying and compiling mid assessments and hills.
<br />WOW I.wkder pays Btxrowe ustsrtist on the F1k1I411 and appiirsble law permits Lender to make such a charge Kirrower and lender may agree in
<br />wrttkg at she time of a ift-o tin of this Used of Trust that imeest on she funds shall be paid it) Nirrowei. and unins suth agteetnent is made or
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