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DEED OF TRUST 85--. 006151 THIS DEED OF TRUST is made this - 9 h day of December t9 85 aatatgthelrmw, DUANE K. SCHOFF AND MARSHA J. SCHOFF HUSBAND AND WIFE iherda" ")• AREND R. SAACK ATTORNEY AT LAW "T^ "1• and the Bmefcia7. NOME FEDERAL SAVINGS i LOAN ASSOCIATION OF BRAND ISLAND, NE a calloealtion orsanind load existing tinder the laws of NEBRASKA whose address is 221 SOUTH LOCUST, P. O. BOX tier ARAtID ISLAND. HE OW (herein "Lender "). BORROWER. in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee, in trim, with power of sak, the following described property located in the County of Hall State of Ndxa*a: LOT TEN (10), IN KNICKREHM EIGHTH ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. The Rider to the Deed of Trust which is attached hereto and executed on the same day is hereby incorporated into the mortgage. The Rider shall amend and supplement the covenants and agreements of this Mortgage as if Rider was a part thereof. which has the address of_ 2215 N _Sycamore Grand Tcland (STREET) (CITY) Nphraeita 68801 (herein "Property Address "); (STATE A ZIP CODE) TOGETHER with all the improvements now or hereafter erected on the property, and all eastements, rights, appurtenances, rents (sttbioct however to the tights sad authorities given herein to Lender to collect and apply such rents). royalties, mineral, oil and gas rights and Profits, wmw. water rights. and water stock, and all futures now or hereafter attached to the property, all of which, including replacements and addiltioas therwo, WM be chimed to be and remain a part of the property covered by this Dad of Trust; and all of the foregoing, together with said property (a the Itasehoid estate if this Deaf of Trust is on a leasehold) are herein referred to as the "Property "; TO SECURE to Leader (a) the repayment of the indebtedness evidenced by Borrower's note dated __ December , 1985 (Itereo "Nose'). indieptincipal sum of -FORTY FTVF THn11SANn nnl I ARS AND Nn /Inn _— with imtenaat thWen. Providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due amdpayabhas — .lanuary 1- 2nni5 _ the payment of all other sutras. w" iM~ tlseraolo. advanced in accordance herewith to protect the security of this feed of Trust; and the performance of the covenants and agreatnan I of fotYnwer bwein contained. and (b) the repayment of any future advances. with interest thereon. trade to Borrower by Lender Pwmmm a Paragraph 21 hereof (herein "Future Advances "). Borrower eovioneaes that Borrower is lawfully seised 'of the estate hereby conveyed and has the tight to grant and convey the Property, that dw Propsty is unencumbered, and that Borrower will warrant and defend generally the tide to the Property against all claims and ttwMmb. subjKt to my dedarmions, ememmu or restrictions listed in a schedule of exceptions to coverage in any title insurance policy iasstriog LoWer's imam is the Property. UNIFORM COVENANTS. Borrower and lender covenant and agree as follows: 1. 1'n/aaaetof rsluttlpelsold imtsna. Barrows shall promptly pay when due the principal of and interest on the indebtedness evidenced by the Nos, proM aster load late chrga as Provided in the Note, and the principal of and interest on any Future Advances secured by this Deed Of Trost. 2. lees Ar Tw tier lourauos, Subiact to apphcabk law or to a written waiver by Lender. Borrower shall pay to Lender on the day itasE limalalb of paiedptd and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds ") equal to one - t of d w yearly fauna lone mmmnens which may attain priority over this Dead of Trust, and ground rents on the Property, if any, plus one - L twtdhll of "&* pratialm h t udlipl tmta for hazard insurance, plus one - twelfth of yearly premium installments for mortgage insurance, if any, ail r 08 MITI) oKke tsd inititlly and from Ume to bane by Lender on the basis of assessmetu and bills and reasonable estimates thereof. IM Funds AM be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including ti l.asdsr it Lender is wet on institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lissder may not chmge for w holding and applying the Funds, analyzing said account or ve"Ning and compiling said assessments and hills. uteri Leader pays Borrower interest on the Funds and applicable law permits Lender to make such a charge ttor r—cr and t ender may &girt nee writing at the time of execution of this Deed of Tfust that interest on the Funds %hall he paid to Porrnwer. and unle- mch axrcement in made it