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DEED OF TRUST
<br />$5- 005685
<br />THIS DEED OF TRUST is made this 14th day of November
<br />19Zi_,amoag the Trintor, JOSEPH D_ P DI FY AND VICKI R. P QI FY- HIISRANn AND LTFE
<br />AREND'_R QAACK, ATTORNEY AT LAW
<br />(hernia "Trustee "), and the Beneficiary, NOME FEDIML SAYINGS fit LOAN ASSOCIATION OF GRAND ISLAND NE
<br />a corporadoa orgaaizad and existing under the haws of .. NESMSRA whose address is 221 SOUTH LOCUST. P. O. BOX 100E
<br />0)MND MLAND, NE MY _(herein,,Lends,•)
<br />BORROWER, In of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee,
<br />is wean, with power of sak, the following described property located in the County of HALL
<br />State of Nebraska:
<br />LOT FOUR (4) COLONIAL ESTATES FIFTH SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />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 />wbichimtbeaddressof_ 3203 _Kennedy llav _ _ Grand Island
<br />(STR E� T) (CITY)
<br />Nphras ka 68803, (herein "Property Address ");
<br />(STATE Q ZIP CODE)
<br />TOGETHER with alt the improvements now or hereafter erected on the property, and all easements, tights, 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, wale, water rights, and water stock, and all fixtures now or hereafter attached to the property, all of which, including replacemems and
<br />additiooa thereto, shall be deemed to be and rennin a part of the property covered by this Deed of Trust; and all of the foregoing, together with
<br />said property (or the kasehotd estate if this Deed of Trust is on a leasehold) are herein referred to as the "Property ";
<br />TO SECURE to Lands (a) the repayment of the indebtedness evidenced by Borrower's note dated Nnvpmhpr 14- 1985
<br />(bands "Note "),in the principal stun of —SIXTY FTVF T14011AND FTVF MINDRFn nnl I ARS AND Nn .Jinn t>aIws,
<br />with iatefest theoon, providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />cited payable on nprpmhpr 1 016 ; the payment of all other sums,
<br />wilt interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and
<br />agteenlata 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 />Btxrotwr covenants that Borrower is lawfully seised of the saute hereby conveyed cnd has the right to grant and convey the Property,
<br />that the Property is tanaacumbsed; and that Borrower wW warrant and defend generally the title to the Property against all claims and
<br />dewmmh6 subJW to nay declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />6rptrisig Lardw's iatana is the Property,
<br />UNIFORM COVENANTS, Borrows and Lender covenant and agree as follows:
<br />1. IPGI tut W II4Me1pW nntl hill~. Borrows shall protnpdy pay when due the
<br />principal of and interest on the indebtedness evidenced
<br />by the Note, prgaym m and Into doges as provided in the Nutt, and the principal of and interest on any Future Advance secured by this Deed
<br />o(Trwt.
<br />2, f►ssM hue TOM as Isearasee. Sub)aal to applicable kw or to a written waive by Lender, Borrows shall pay to Lender on the day
<br />saaWy MNaHwattte of prinepal and Interest are payable under the Note, until the Note is paid in full, a stun (herein "Funds ") equal to one-
<br />twaif'fh of the yearly taxes and au>atmerau which may attain priority over this Died of Trust, and ound rents on the Property, optxty, if any. plus arts-
<br />tlt+hiftA of yearly pmnittm inwalknenu for hazard insurance, plus one - twelfth of yearly premium installments for mortgage insurance, if any, all
<br />es tawonaWy admaad Initially and from time to time by Lander mt the basis of usuametu and bills and reasonable estimates thereof.
<br />TM Pm& shall be held is an itMthution the deposits or accounts r f which are insured or sttarantood by a Fedora) or stale agency (including
<br />Leader if Lends ill such as izufkulion), IAWe shall apply the Funds to pay said taxes, "summa, insurance premiums and around rents.
<br />i.Mdet tnzy not charge for so holding and apptyleS the Funds, analyzing said account or verifying and compiling said assessments and bills,
<br />unless Leader pays SornswefhNaeat on the Punds and applicable law permits Lender to make such a charge. Borrower and Lender may agree in `� r
<br />writing 01 the limit of eaeculion of this Dood of Trust that iatwtnt on the Funds shall he paid to torrower, and unless such agreeme n is »tide oa
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