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DEED OF TRUST 85-- 005775
<br />THIS DEED OF TRUST is made this 21st day Of November
<br />19_ 8 6 ,among the Trustor, TERRY L . CARLSON AND MICHFl I F_LFF CAR SON, H119RAND AND WTFF _
<br />Merein..porrowe••), AREND R. BAACK ATTORNEY AT SAW
<br />(hetdn "Trustee"), and the Beneficiary, _NOME FEDERAL SAVINGS i LOAN ASSOCIATION OF GRAND ISLAND, NE
<br />it corporation organised and existing under the laws of NEBRASKA whose address is 221 SOUTH, LOCUST P. O. BOX 100Y,
<br />9 1AND ELAND, NE IM (herein "Lender").
<br />DORRowER, 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 HAIL
<br />State of Nebraska:
<br />FRACTIONAL LOT TWO (2), IN FRACTIONAL BLOCK TWELVE (12) IN ROLLINS- ADDITION AND ITS
<br />COMPLEMENT TO -WIT: FRACTIONAL LOT TWO (2) IN FRACTIONAL BLOCK EIGHTEEN (18) IN
<br />WALLICHS' 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
<br />covenants and agreements of this Mortgage as if the Rider was a part thereof.
<br />1107 W. 6th St., Grand Island
<br />which has the address of (CITY}
<br />� (STREET)
<br />Nebraska _ 6813U1 _ _(herein "Property Address ").
<br />a
<br />(STATE & ZIP CODE)
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all casements, rights, appurtenances. rents
<br />(subjdet 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, wafts, water rights, and water stack, 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 Deed of Trust; and all of the foregoing, together with
<br />said property (or the iasehold 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 b Bon ower's note dated November-21, 1985
<br />TWENTY TWO THOUSAND FOUR HUNDRED DOLLARS AND NO /lO%oiw,,
<br />(herein „Note „).in the principal sum of
<br />with interest thereon, providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />and payable on Dec ember 1_, 2005 _�_— the payment of all other surns,
<br />with interest thereon, advanced in accordance herewith to protect the security of this Decd of Trust: and the performance of the covenants and
<br />agreement, of Swower herein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Lender
<br />pursuent 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 declarations, easements of 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 m follows:
<br />I, IPIM M of FlNflgai ani Martel. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Now, prepayment and late charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />of Trust.
<br />L Fa de fer Tama aM Iwman. Subject to appheabie law or to a written waiver by Lender, Borrower shall pay to Lender on the day
<br />monthly InNaldpepa of principal and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds ") equal to one-
<br />twelfth of the yearly taxes and assessments which may attain priority over this Deed of Trust, and ground rents on the Property, if any, paw Om-
<br />twelfth of y"Ay premium installments for harard insurance, plus one-twelfth of yearly premium installments for mortgage insurance, if any, all
<br />es resadsably est(t,mated fnitialty and from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The FurAs shall be hold man institution the deposits or accounts of which ate insured or guaranteed by a Federal or state agency (including
<br />Lender if Lender is such an institution). Leaden shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents
<br />Imsder may not charge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and hilts,
<br />suer Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Fhxiowei and I ender may agree ui
<br />writing at the time of execution of this 0"d of I rust Thal interest on the Funds shall fx paid to horror er, and unless such aareeuient is made or
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