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DEED OF TRUST
<br />85--- 006160
<br />THIS DEED OF TRUST is made this 11th day of - December
<br />19-85-- , among the Trustor, FRANCIS C. KOLAR AND ROSE MARIE KOLAR, HUSBAND AND WIF
<br />(hwdu"Borrorrer "), AREND R. BAACK, ATTORNEY AT LAW
<br />(herein "Trustee % and the Beneficiary, HOME FEDERAL SAYINGS A LOAN ASSOCIATION OF GRAND ISLAND, NE
<br />a oarpoeation orsanind and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST, P. 0. BOX I
<br />QW0 ISLANO, HE 2 (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 />LOT EIGHT (8),IN.BLOCK FORTY -SIX (46), IN RUSSEL WHEELER'S ADDITION TO THE CITY OF
<br />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 has the address of 612 W. 11th Street Grand Island
<br />(STREET) T (CITY)
<br />_ Nebraska 68801
<br />(STATE A ZIP CODE) (herein "Property Address");
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all casements. rights, appurtenances, rents
<br />(subject bowtier to the tights 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 tbereto, 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 (ter the leasehold estate if this Deed of Trust is on a leasehold) are herein referred to"the "Property ";
<br />TO SECURE to Lender (a) the repayment of the indebtedness evidence! by Borrower's nee bated December 11 s 1985
<br />(herein "Note"), in the principal sum of TWENTY TWO THOUSAND-1101 HUNDRFD DOLLARS AND NO 1100 -- 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 payable on ,la nuary 1, 2016 ; the payment of all other sutras,
<br />with iaatest thafeon, advanced in accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and
<br />agreaoeots of Borrower herein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Lender
<br />possum 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 />dtonaada, *ub}aet to any declarations, easements or restrictions listed in a schedule of exceptions to coverage in any tick insurance policy
<br />insuring Laadar's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. !woof et DtMlnelpal ate Interval. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Naar, prepnyttfm and lee chain as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />Of Trust,
<br />2, Footle qr Tatars anti Iattntttsooa, Sub)ect to applicable law or to a written waiver by lender. Borrower shall pay to lender on the day
<br />AWN* iartat NWA 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 tittles yearly tarn Sal ttawaments which may attain priority over this Deed of Trust, and ground rents on the Property, if any, plus one•
<br />twelfth of ytrttrly prandu m installments for hard insurance, plus one - twelfth of yearly premium installments for mortgage insurance, if any, all
<br />as twoomeMy aNinnatod initially and from time to tithe by Lender on the basis of assessmetu and bills and reasonable estimates thereof,
<br />The Funds *Matt be held In an institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />t satire if leader is such an institution). tender shall apply the Funds to pry said taxes, assessments, Insurance premiums and ground rents,
<br />Lender may art chatgs for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and bills,
<br />unless tender pays Borrower interest on the Funds and applicable !aw permits Lender to make such a charge. Borrower and Lender may agree in
<br />wiring at the time of execution of this 0"Al � trust that interest wi the Funds shall Ix paid to Borrower, and unlns such agreement is made or
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