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DEED OF TRUST 85- U4592
<br />THIS DEED OF TRUST is made this 2nd day of _
<br />!9 85 ,ansomtheTrustor, KOBAY CHANTHAVONG AND SOMPONG CHANTHAVONG
<br />(heersid"Borrow�" ), AREND R. OAACK, ATTORNEY AT
<br />(bervits "Thidn "), and the Beneficiary, NOME FEDERAL - SAVINGS i LOAN "ASSOCIAT
<br />a corporation orsanixed and existing under the laws of NEBRA$KA _whose address is _ 221 SO
<br />GRAND' ISLAND. NE "M (herein "Lender „).
<br />BORROWER, inconsideration 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 />State of Nebraska:
<br />FRACTIONAL LOTS SEVEN (7) AND EIGHT (8), IN FRACTIONAL BLOCK EIGHT (8) IN GILBERT'S
<br />SECOND 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 agreements of this Mortgage as if the Rider was a part thereof.
<br />which bas the address of 1403 - 1409 N. Broadwell, Grand Island
<br />(STREET)
<br />Nebraska 68803 (herein "Property Address");
<br />(STATE.t 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, shall be 4semed 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 Wasebold estate if this Deed of Trust is on a leasehold) are herein referred to as the "Property ";
<br />TO SECURE to Leader (a) the repayment of the indebtedness evidenced by Borrower's note dated _ neCeMher ;1 1 92r,
<br />(heirdt "Note "),in the principal sum of FORTY SFVFN THn11SANn SFVFN HIINnRFn n Dollars,
<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 payabiaon Januuary 1- 2016 ; the payment of all other sutras,
<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 />agreemertts of Borrower herein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Lender
<br />purtatant 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 />deveands, vAbjea to any declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />insiaring Lender's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. ladttsaM of fi'rful/M said lalervat. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, prapaytttrmt and We charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />Of Tout.
<br />2. /ItNs ter Traw ace! Ihurseem. Subject to applicable law or to a written waiver by Lender. Borrower shall pay to Lender on the day
<br />martbly inNailmaMa 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, plus one-
<br />twelfth of yevly premium irutatiments for hasard insurance, plus one-twelfth of yearly premium installments for mortgage insurance, if any, all
<br />as reasonably asthnaled Initially and from tiros to time by Lender on the basis of usessments and bills and reasonable estimates thereof.
<br />The Funds shall be held In as Institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />Lander if Lender is such an Institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents.
<br />Leader may not charge for so holding and applying the Funds, analysing said account or verifying and compiling said assessments and hills,
<br />unless Lender pays Borrower Interest on the Funds and applicable law permits Lender to make such a charge. Borrower and lender may 41 v in
<br />writing at the time of execution of this Deed of Trust that interest on the Funds shall he paid to Borrower, and unless such agreement is made or
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