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<br />DEED OF TRUST 85-. 00612.3
<br />TTiIS DEED OF TRUST ( "Security Instrume t ") is made on November 12
<br />.............................. ...............................
<br />I9.....$ .Thetrustoris ........................James,, H; arlson and Betty Carlson,,,, Hush ,;}c} „ &,...........
<br />......... ...............................
<br />....................... 1p ............. ............................... (,.Borrower "). The trustee is ............11V..9 .. R. 9 .7,AIL,9 ... 5AA.k ...... .........
<br />....................... ...•.......I................... . ("Trustee"). The beneficiary is
<br />......................................................... F.a.tie.J?.o:L ta... Bank........ ............................... which is organized and existing
<br />under the Jaws of ..................... Iebraska.................................... and whose address is .... 2.01,.5... Iilort.h.......................
<br />..... dl�� .,...G 00... s s da...N�. x s .................................................... ............................... ("Lender")
<br />Bo wer owes Lender the principal sum of........ On. e ... tb.P.17.S gad ... S.ix ... b3mdr d.. .aza...71J /.a�lQ...r..- .- - -. - -.
<br />-- -- .--- .--- - -. - -- ..---- r.. -.. Dollars (U.S. 5...] , �iOQ...1 Q.........), This debt is evidenced by Borrower's note
<br />dated the same date as this Security Instrument ( "Note "), which provides for monthly payments, with the full debt, if not
<br />paid earlier, due and payable on .......... Noxember..12., ...1. 8 ........................................................ ...............................
<br />This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all
<br />renewals, extensions and modifications; (b) the payment of all other sums, with interest, advanced under paragraph 7 to
<br />protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this
<br />purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property
<br />located in .................. ...........................Hall . ............................... County, Nebraska:
<br />..................................... ...............................
<br />Lots Four (4) and Five (5) in Block Nine (9)
<br />in West Park Addition to the City of Grand
<br />Island, Nebraska
<br />which has the address of........lUj, ,,,North Custer Gr�XI:�...J.,;.. lh0 ..........................
<br />...................... ...............................
<br />(Street) (C,tyJ
<br />Nebraska .................. 6.8Z01 ................... I... ( "Property Address ");
<br />12ip Code]
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights.
<br />appurtenances, rents, royalties, mineral, oil and gas rights and profits, water fights and stock and all fixtures now or
<br />hereafter apart of the property. All replacements and additions shall also be covered by this Security Instrument. All of the
<br />foregoing is referred to in this Security Instrument as the "Property."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant
<br />and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants
<br />and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and nonuniform covenants with
<br />limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />UNIFORM COVENANTS Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the :Vote
<br />1 Funds far Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ("Funds ") equal to
<br />one-twelfth of: (a) yearly taxes and assessments which may attain priority over this Security Instrument: (b) yearly
<br />leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance prem yearly
<br />iums: and (d) year
<br />mortptie insurance premiums, if any, These items are called "escrow items." Lender may estimate the Funds due on the
<br />basis ofcurrent data and reasonable estimates of future escrow items.
<br />The Funds shall be held in an institution the deposits or accounts of which are msured or guaranteed by a federai of
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow Items
<br />Lender may not charge for holding and applying the Funds, analyzing the account or vert(ymr: ihr rscrow items, ut,ieNs
<br />*JTVA R /RA
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