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<br />DEED OF TRUST
<br />~ TFIf3DeEDOP
<br />19 94 . ; antttkkttheT
<br />(herds "Borrosver•'),~
<br />... - ~ (heron "Trustee"). and
<br />a corporation orsariized
<br />hone address
<br />rof Fa bruaru
<br />-R. h ishand' and ~+~ f
<br />ft~li-ND 18LAND, NE M~42' (tierein "Lertder'•)~
<br />BORRUWLRv.in eonsidetrtion of Me indebtedness hidoreated and t![ctrusthiein created, irrevocably snots attd cor[veys to Trtwee,
<br />in trust,,with Powerotsale~ thrFollbwing deaeribed property located in the Coupty of HALL
<br />St48fNebnattat
<br />LOT TWO (2), BLOCK THREE (3) IN REPEAT OF,RIUERSIOE ACRES, NN AOOTT:ION TO `THE CITV'`OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />whicbha8theaddeeasof 2711 Cottonwood Grand Island -
<br />(sT:xEe,~ (cfTV)
<br />Nebraska 68801
<br />` (STATE et: ZIPCODe) (bisip"Prtiperty,Address'7;
<br />TOC;ETFIER with all the-improreoimts.now m hereafti erected on the property, and ail easettients, rialto; appur[ettantxs;rrnts
<br />(subject however to the rights-and authtxities.given herein:to Lendi to collect andapply suck; rrnts), royalties, rrtinial, oil and W ri~lt4 and.
<br />profiu, water, water rights, std water s[ocli; and all futures now or hieafli attuhed to the property, all of which, iocltdi~ replacemeauand
<br />additioru thido, shall be deemed tote and reatginanart of the property covered by this Deed of Trent; and all of the foregdng, [oaerlser with
<br />said property (or the leasehold eaute if this Deed of Trust is on a leasehold) arc Mein referred to tit the "Property";
<br />TO SECURE to Lettdi (a) the repayment of the indebtedttess evidettad by dortowi's note dated r ebrua ry 23 , i9B4
<br />(herdn"Note^), in theprircipalsumof DNE HUNDRED TWENTY THREE THOUSAND TWO HUNDRED AND NO/100---pp)~,
<br />wiW.iplerest thereon, providing for monthly imullments of principal and inkiest, with [he balance of the indebtedness, if not sooner-paid,. due
<br />and.payable on march l , 2014 ; ttte paymeatof alt other sums,
<br />with interest thereon, advarwed in accordance herewith to protect the security of thie Deed~of TrW[; gad the performance of the mvannts and
<br />apeernrnts of Boiowerlxran uutuiaed; and (b) the repayment of any. future-advan[xs, with.intierl thereon,.tgade. to-Bortbwi by Letkder -
<br />punuant to puagraph 2l hereof (herein "Future Advances") - - - - - - - ...
<br />Bortower wvetunts that Bortowi is IawftdlY-aelsed'ofthrestne hereby".conveyed anal hastbe-rigbt!to graot;agd conQeythe Property,
<br />that the Property is unencurabered, and thu Bortowi wiB-wsr{ant cod defCUd-geniaUY the GUe La;fhe Ptoperty.aoainst all claims and , -
<br />desnaods, subject to any dedaraliona, easertxnts or reatrletioas listed in a acheduk,of ex«ptions to wviage in ang tick insurance policy
<br />insuring-Leader.'s inkiest io the Property. - - - - - - -
<br />UNIFORM COVENANTS. Bonowi and Lrntkr crovertaot and spec u follows: - - -
<br />1.. ~'aYrt at Tt~dpr ad IWwas1. Borrows shall promptly pay when due [he principatof and inters[ on-the ittdebtedttas evidettoed -. -
<br />by the Note, prepnyotatt std tale cltat W.Y provided in the Note, and the principal of std in[ctest~on any Future AdYancp secured by chit Deed
<br />of Trwi_
<br />2. Fatsds fw:Taw aai laaaraan.Subject to-pplicabk law or to a writtrn waiver by Lender, lbrtower shall pay to Lender an the day,.
<br />trtaollily iwtalhaenls of principal and interest are papbk under the Note, until the Note u paid k full, a sum (hidn "Funds") equal to one-
<br />twelftb of tba yMtly tats and assessments whid[ tttay attain priority over this Deed of Trull, and pound [eats on the Property, if any, plw nr[¢-
<br />twelfth o[ytady piao)tttrtitutallnsents fa haiard ittsuratttt, pltu onatwelfth of yeuly prettnum installmenu farmortgageiruurattce, if any, a)t-
<br />at iye0nablY tatjmatsd initially std frantitne to time by bender on the basis of assesatnrnts and bi W and reasooabk estimates thereof.
<br />Ths Futdsahall be held in nn in}tituUon the deposits or accounu of which are insured or guuantezd by a Federal or sure agency (including
<br />Lersdi If Leodi is such >An itrstltuhuo). Ltodv shall apply the Funds to pay sod rues. asseattneou, inauranu prcmiuttu and pound rents..
<br />Lender rosy twl, cltargefor so holding and applyiiy.tht Furtds,attalyangsaidaccount or verifying and compiling said asseasmrnts and bilW,
<br />utllsas l.rnder WYS Borrusrsr {priest on the Funds and applicable law permits Lender to make such s vtruK. Bortowi and l.eodi,may rgrecjn
<br />wTltin{ a[ the time of csnwtiua. of [his Deed of Truest thu interest on rho Futds shslllx paid to 13curowv, ami attleM s ch:aaraonant is mrde ssr
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