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<br />
<br />DEED OF TRUST
<br />
<br />84 ~ 006447
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<br />THIS DEED OF TRUST is miidc this __hQ~ day of
<br />
<br />December.
<br />
<br />_.____ , 1984
<br />
<br />r
<br />
<br />among the Trustor. _ Midwest I'ra""'hi.... .l"-<>rpora+-inn. " Nebr..ka COr:PC'~.ticm
<br />________.u________________..______ (herein "Borrower"), ,'!'be C'nnaerv"ti._ sa"i~. .lUId
<br />Loan ~~i~~~___________._.___.____.___ (herein "Trustee"),
<br />and the Beneficiary, gibe Conservative Savings and Loan Association of Omaha, Nebraska. organized and exi$tiJIg~1he laws
<br />of Nebraska. wIlose address is 11207 W. Dodge Rd., Omaha, Nebraska (herein "Lender"),
<br />
<br />Whereas, Borrower IS indebted to Lender in the principal sum uf 'lwo 1&.......... 5ev~ty "I'b'CeCt __lI''"'.....~
<br />
<br />110/100 ($273 .OOO.oo)-----------:-.::..--"1JoIlars, which indebtedness is evidenced,by Borrower'sllOteofe##
<br />herewith (herein ..Note"), providing for monthly installments of principal and interest, with the balance of theindebtedneu..ifnot
<br />
<br />sooner paid. due and payable on.J~. 2005 , " ...' '. ,"i<""
<br />
<br />10 Secure to Lender (a) the repayment of the indebtedness evidenced by the Note. with imerest ~'~lJIl~~''''
<br />other sums, with interest thereon. advanced in accordance herewith 10 protect the security of tbisDecd of 'hst. _the...._~
<br />of the covenants and agreements of Borrower herein contained, and (b) the repayment of, any futweadvaocos' with~II\C:t~.
<br />made to Borrower by Lender pursuant to pllJ'llgraph 19 hereof (herein "future Advances"). Borrower. in~lLQlQ~':""",
<br />indebledness herein recited and the trust herein created, does hereby irrevocably grant and convey tl} 1iustee.in,lfUSt;wiIIl~~f
<br />sale the following described properly located in the County of Douglas. State of Nebraska: ' ,
<br />
<br />Lot Four (4) in conestocJa North Subdivision. lillll su:veye4,
<br />platted and reClOrdacl. in the City of Grand Island, Hall
<br />COUnty, IlebruJta.
<br />
<br />'tOgether with all the impnwements I10W Of hereafter erected on the propeny, and 1lH easements. rigllts, ~C$f'~
<br />royalties. mineral, oil and gas right, and profits. water, waler n!thls, and water stock, and all filltGres now or benlaf1cr ~UJ."
<br />propeny, all of which, including r'.'placemenls and addilions lhereto. shall be deemed to be lIr.d remain a pan of the property covered
<br />by this DeW of TruM; and all of the foregoing, logether with said propeny (or the le.aselliJld estate in the event this Oeodof.1.RIst...
<br />on a leasehold) are herein referred to a.s the .. Propeny ,. ,
<br />Borrower CllvenantJ;that Borrower is lawfully seised of the estale hereby conveyed and has the ri,ht to Brant aadeOft~::
<br />Propeny. thllt the Property IS uncn.:umbered. and th31 Borrower will warrant and defend the tille to the Propert}' ~ all '
<br />and demands.
<br />
<br />l
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<br />BORROWER /\ND LEN[)f:R COVENANT AND AGREE /\S FOLLOWS:
<br />I. Pa)_' of I'rincipal and l_kreSl. HOrT"wer shall promptly pay when due the principal of and ~'oo.!he
<br />I"""... .tr,ess evidell~ed hy the Nllte. late chilrges as provided In the Note. and tho: principal of and i.nt~ on any Fu~Adv~
<br />se.-lm:d t>y .:> Deed Ill' Trus..
<br />2. ....,or 'lUes. ~_ &. ":te. Sub,Je\.'1lO Lemler's oplion under paragraphs 4 and 5 hen:of, ~...,.,tii
<br />Lelldcr 011 the day monthly imlllllmems of priocipal and interesl all: pllyable under the NoIe, until the Note ill paid'
<br />(herem "Fund!;.") eqUlllIO .lllC.lwdfib vI' the lInticipll(cxl yearly Illxes and a.\sessments which may aUllin priorit)' ,0Wlf
<br />'1fusl. and grotmd rems and hmneownc;r llSM,datioll dlles un the PmpeI1Y, if any, plus one.twelfth of lile "
<br />inllUlllments for hazard ilu,urance. plus Ollc.t",clfth of the aIllidpaled ycarly premium inllUlllments
<br />ll> r~ly estifllllled initially and from time to tillle by Lender on the blLsis of as._ments and bilkaad
<br />thereof and !>hall apply the Funds to pay S<lIid tllJles. lls..'>Cssmcnb. insuflln\:e premiums. ground rents and~lI~.~'"
<br />dues. Lender liblIIlllive to Borrower. without charge, an annual accounting of the Funds ,showing credits and debits to lile ~. aad
<br />the plllpl.l5e (Of wlm:h e~h debitlo the Fumb was miidc. 'The FUndN arc pledged as additional ..ecunly for the lIlWs ~b) dlilt
<br />[>ced of Ttust.
<br />
<br />If tb.: amount of the Fundli ho:ld by Lender, together with the future monthly in~Um~nts of Fund!;. pllyable prim to the due
<br />daws of tues. aSM:ssments, insuran;:e premiullls. ground renls, ,md home<)wllcr association dllCs. shall ",xceed the __I
<br />aIltlCipated to pllY SlIid tax",s. lIt,se!l..\mems. msurarn:e premiums. gmund rents and homeowner lASIiOCilltion dues ilfi they flll1due. ~
<br />excess shall be o:redlled to Borrower 011 future .mticipllk.'d monthly installments of Funds. If the amoWlt of tile FulKlli held by ~
<br />~l not be \uflkicm to pay I<lJles. aSStosSlllems, insurallce prenllullls. ground rents and homcowrn:r a9<MlCiation dues liS they fall dllC.
<br />BOfro......r "'"'II pay to Lender any alllOUnI 1\<..'Ce-'SS1If) to make up the deticiency Oil demand from Lender to 80m_ I'IlqIIemeg
<br />PilYIllenl thereof.
<br />Upon paylllt.'nt in lull of all sums sccured by this Deco olli'U,/. Lender shall promptly refund It! Borrower IIn)' Funds
<br />held ,,~ Lender,
<br />
<br />if under pNagrllph 16 hereof the Propel1" i~ ""Ill or the I'wpen y IS "Ihefwi~ aCijuircd by Lender, Lender shall apply. no IlIter
<br />lhal<i Immediately priof tlll tile sale of the Pmpt,rty I" its aC'll,li,ili,m by Lcnder, lllly I'unds ho:ld by Lender at the lime of application liS
<br />" ~'f1lUit apllWlt tb.: _ s\.'<\:ured l>y thlS Deed of Trust.
<br />:~, A"III__ of Pa~. Unlc". ltWlkllhlc law provides lllherWlse, all p"ymen" rt....civeO by Lender under the Note and
<br />f"l'I'~ I lmd 2 ~lf .hall be' 1lpf'1i~'d hy Lender fir.' fn the p;wl11ent nr inlcre" povable nn the Note and .m Future i\dvllm-es, if
<br />~ to the pllymcnt "I' lho: prim:iplll of rhe Nnle ;111<110 the I'rin"lpal nl hllUre Advan,'c" if allY. .end tIlen 10 the pllymCl\1 of
<br />pllYIIWlr 10 t~f"Y BomJwer uf~r 1'Ilrllllrllf'h 2 here..,!.
<br />4. (~ ...... UOl'fOWcr sM11 PllY alltaxl.'s. a,!<C,'lIIelll, llnd Illher charges. tim,s und impvsilions aHriblltllole ,n the
<br />~~ wmdl I'rNIY ulllli11 U J:lf'Mlfily over tlm 1.~A.l 01 '11'l/s\. ll.fnund rellts, "lid h"me<lwnl'r '''S",'illllnn dill'S, if any. lit Lender"
<br />'~>M in the nl...._ p<<l'Y~ under Plllflll;U'~h 2 hf'reot..... by !lomlwl'r nlakin!1 pdymelll. wh,'n <ilK', ,hft'Ctly hI lilt' I'lIY""c tIlNNl/'.
<br />"~Oilf.bMl PftJltnptly fumil'h Ifl Lemkr all rnrt><:e' "I amntmb .Jut. ",,,ler 1111' r"r"~rnfl/1. .nd '" tlw ,'Vi'1ll BOIT"",..r sh"lIll1alo.t'
<br />!,..y~ IIllm'tly., ~._ !iIl411 pIllmflll)' rum!"" 1\. Len,ler fc'cipt' ('mlcnqll~ SIKh 1'~\tlll'III'. B"fIl'''t"' shall 1>lumpllv .Ji'''llllry/t'
<br />Il<m "'tlIt:liIlllm !1'f~y (Over lilt, ~~'(l HI lhl.!; prnvMlcd, that BOl"lIlWt" shall rd'! 1'<, fCijlllR,,1 II' Ihsdl11I)H' .H1\ 'Ud1 lieu 'I' Itlll~
<br />..~ .~I ..~n'" III "nlln~: h' In., f"IHIH'nt 01 the .lbh~"1inll ,,'nlf.,,1 hy '\ldl 1,,,11 Ii' 'I 11liUllWI ''''':l'lllhk h' L,'"der. '" ,lllllI III
<br />t~th ~,I,If"OO ~tli,h hen I"". or ;Jt'<f("fid It'lrttHf((~n-lCn1 ~lf -'l.IU;h 11t'1'1 10. It:~~al phN.'I;;~'(hf1g~ \\h!(h ofx'rah: ~p Ph,'\'l'f1t I1w l'ntofn.'lH-l'1\t t~f
<br />~t{;:-t~ u!' 1-!!ff(~~ttutt' 01 t,hl;~ P1l:~:'M'rf'1 or ~tnl p.u1 tht~le'l.lj
<br />
<br />~,~T~t~m-t ,>l'k~H !>>1"\ g~'lt!'4, k\ft~d Ul'ltPU lhl'\ ih!'~iJ {~t hU'1L ,tf ltH' ddH ',t'{,ml'd lh'li,'tn, ti~~;.'th\'l l\ 11h ;H1\ \~lhl'f 1;1\,.... ,)f
<br />wtudl q~..ljj"" ~, f1:'tdf,''l.i llOtk~ Itw- h'A<, pt \it"~'m~~, (l~UH1,,1 th,,_' '~'1I-drt 'r In,..hy ':If llw k~!HI flt\iikr \'1 ,th' ......ole l'l\
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