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35-- 005003
<br />DEED OF TRUST
<br />THIS DEED OFTRUST is made this uw wr o,
<br />19 85 ,&vioatbeTnwor, MAURO Y. SANCHEZ JR. AND ANGELA SANCHEZ HUSBAND AND WIFE
<br />(heroin •'Barowa•7, AMEND R. SAACK ATTORNEY AT LAW
<br />(herds-Trustee'), and the Beneficiary, NOME FEDERAL SAVINGS A LOAN ASSOCIATION OF GRAND _ ISLAND, NE
<br />a corporation orNsimd and misting under the laws of NEBRASKA whose address is 221 SOUTH LOCUST P. O. SOX 1009,
<br />GMNO WLANQ NL 99902 (herein "Lender").
<br />9ORROWER, in consideration of the indebtedness herein recited and the r st h Hi seated, irrevocably `rants and conveys to Trustee,
<br />intrust, with power of sale, the following described property located in the count of
<br />State Of Nebraska:
<br />LOT TEN (10), BLOCK FIFTEEN (15) SCHIMMER'S 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 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 604 W 15th, Grand Island.
<br />(STREET) (CITY)
<br />Nebraska 68801 ..._(herein "Property Address ");
<br />(STATE a 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 futures now or hereafter attached to the property. all of which, including replatxmenu and
<br />addition that", 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 />sad 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 Lender (a) the repayment of the indebtedness evidenced by Borrower's note dated October 2 198 5
<br />(herda "Note "),inthepritseipa --- --- - - - - --
<br />sum TWENTY SIX THOUSAND DOLLARS AND NO /100 ---- Dollars,
<br />with istaoK thaeom, providing for monthly insudimmu of principal and interest, with the balance of the indebtedness, if not sooner paid, d-
<br />and lay an November 1 2015 ; the payment of all other sums,
<br />with interest theown. advanced in accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and
<br />agreaseats of Borrower herein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Lender
<br />pttrasamt to paragraph 21 hereof (herein "Future Advances ").
<br />Borowa covemkou that Borrower is lawfully Wised of the estate hereby conveyed and has the right to grant and convey cii�� rttty,,
<br />that the Property is unencumbered, and that Borrower will warrant and defect generally the title to the Property ago
<br />d>mada, subject to any declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />ismriog leader's intaaat in On Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />I. Poyaaant of Iweisefpl nd Im1>rast. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, prgmynwm and late charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />of True.
<br />L Patds 6e Tsama ad issstMee. Subject to applicable law or to a written waver by Lender. Borrower shall pay to Leander on the day
<br />moo&* WKgH0" S of pdaeipal and )tmerea are payable under the Note, until the Note is paid in full, a sum (herein "Funds ") equal to oe-
<br />twdith of the yearly taxes amd aaessmams which may attain priority over this Deed of Trust, and ground rents on the Property, if any, plus one-
<br />L twdhY of yeaAy prams m W Wmmua for barard inwranca, pins o e twelfth of yearly premium installments for mortgage insurance, if any, all
<br />M re"Omably 9@dM d l dogy ad from time to time by Lay d on the basis of .uaKnatts and bills and rasotuble estimates thereof.
<br />The Funds "I be bdd is as iastkudon the deposits or accounts of which are inured or guaranteed by a Federal of state agency (including
<br />LaWar if Lander Is such as )astitutioa). Leader shW apply the Funds to pay said taxes, assessments. insurance premiums and ground tats.
<br />Lv adw essay mot charge for so holdiq and applying the Funds, attalyd tg said account OF verifying and compiling said assessments and bills,
<br />maim Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender may agree in
<br />writiy at the time of emutioa of this Dealt of Trust thei interest on the Funds shall be paid to Borrower, and unless such agreement is made or
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