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<br />DEED OF TRUST $~ „~ f) U 1067
<br />THIS DEED OF TRUST is made this ~':rri day of Fal-~ri arv
<br />19._fl4_,amongtheTrustor, 11 RNF I HTI I ANiI F(r1(hA N HTI I ~ h ahanrl anri ..,;Fa
<br />(herein"Borrower"), ARFN(] R_ RAACK, at.tnrne}L
<br />(heren "Trusta•ry; and the Bet~ciary, HOME FEDERAL SAVINGS i LOAN Ag80GATION OF GRAND ISCAND ° NE=.
<br />a corporation organized and existing under the laws of NEBRASKA whose address is ZZ1 SOUTH' LOpIST. , P O. BOX'.t00Y
<br />GRAND 1$LAND, NE !!!02 (herein "Lender").
<br />BORROWER, in consideration of the indebtedness httein recited and the trust herein created; irtevogbly grants and conveys to Trutass;
<br />in trust, with power of salt, the following described property located in the County of H&L t - - ,
<br />State of Nebraska:
<br />A TRACT ^F LAND COMPRISING A PART DF THE SOUTHEAST QUARTER (SE'-4) OF SECTION THIRTY`-SIZE
<br />(36), TOWNSHIP TWELUE (12) NORTH, RANGE TEN (10) WEST OF THE fiTH P.m.,'.IN HALL COUNTY,`
<br />NEBRASKA, MORE PARTICULARLY DESCRIBED RS FOLLOWS:
<br />BEGINNING AT THE SOUTHWEST CORNER OF SAID SOUTHEAST QUARTER (SEz); THENCE NORTHERLY
<br />ALONG THE WEST LINE OF SAID SOUTHEAST QUARTER (SE4), A DISTANCE OF TWO-HUNDRED AND NINETY-
<br />SEVEN (297.0) FEET THENCE EASTERLY PARALLEL TD THE SOUTH LINE DF SAID SOUTHEAST QUARTER
<br />(SEr,), A DISTANCE OF DNE HUNDRED AND FIFTY-TWO (152.0) FEET; THENCE SDUTHERLY`PARALLEL
<br />TO THE WEST LINE OF SAID SOUTHEAST QUARTER (SE,'-,), A DISTANCE DF TWO HUNDRED AND NINETY-
<br />SEUEN (297.0) FEET, TO THE SOUTH LINE DF SAID SOUTHEAST QUARTER (SEA); THENCE WESTERLY
<br />ALONG SAID SOUTH LINEgTHE SOUTHEAST QUARTER (SE4), A DISTANCE OF ONE HUNDRED AND'FIFTY=.
<br />TWO (152.D) FEET TO THE PLRCE OF BEGINNING.
<br />whichhastheaddressof R. R. 5. Box 3 G;and Islarid.
<br />(STREET) (C1TS9"
<br />Nebraska 68801 ,(herein "Property Address");
<br />(STATE ,4 ZIP CODE)
<br />TOGETHER with all the improvements now or hereafter erected on the :property, and all; easements; rights, appurtwancu, rtnu
<br />(subject, however to the rights and authorities given herein to Lender to collect aztd applysuch rents), rpyalties;; mineral, oil and. gas rights. and
<br />profits, water, water rights, attd wattt stock, and all futures now or hereafter attached to thsproperty, all of ~wbich, including replaoemmtr and
<br />additions thereto, shall be deemed to be and remain a par[ of the property covered by this Deed of Trust; and all of the foregoipg, togethtt with
<br />said property (or.the leasehold estate if this Deed of Trust is-ona leasehold) areherein referred to;as,(he "Property";
<br />TO SECURE to Lender (a) the repayment of thsindebttdnees evidenced by Borrower's note dated- F ebruar y~ 1984
<br />(herein'•Note"), in the principal sum of FORTY THOUSAND SIX HUNDRED AND NQ1100 --------=-------i3ollars,
<br />with interest thtteoa, providing for monthly installments of principal and interest, with thabelaace of the indebtedness,: if_not cooper paid, due
<br />and payable on _ h1areh 1. 2D14 ;thepriytnent of all other sums,
<br />with inlttest thereon, advanced in atxordance herewith to protect the security of Phis Deed of Trwt and the pafonnapa of the wvenanW sad
<br />agreements-of Borrowu httein contained; and, (b) the repayment of any future advances, with interest theregn, made-toBOrrower-by Lender.
<br />pursuant to paragraph 21 hereof (herein "Future Advances").
<br />Borrower covenants tlut Bortower is IawfuUy seised of the elute hereby conveyed and has the right. to grant and wnvey the,Property;
<br />that the Property is unencumbered, and that Borrowtt will warrant and defend generally the title to the property against all claims and
<br />demartds, subject to any. declaratiops, easemepu or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />insuring Lender's interest in the Property:
<br />UNIFORMCOVENANT$. Bortowa and Lender covenant cad agree as follows:
<br />1, payaast of PsVelld sad Lstersal. Borrower shall promptly pay when due. the principal of and interest o@ the indebtedness. eridenced
<br />by the Note,;prepaytnent and Late clurgaaa provided,in the Note, and the principal of and interest on spy Future Advances secured bylh)s Dad
<br />t}f Trust,
<br />2.. Faris tar Tarn sad tasata~ce.. Subject to appliplbk law or [o a written waiver by Lender, Borrower shall pay to-.LetMeron the day
<br />tttgpthly irtstatlments of principal :and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds"} equal to-ona
<br />iwdith otthe year)y taxes and assesmtenls which may at[airtpriority over this Deed of Trust, and ground rents on the Property, if anY. Plus one-
<br />ttsslft~to[year/y pretalum iastaW'p, etas-farhaxard itxttraace, plus onatwslfth-of yearly premium insullments for mortgage.insurance. if any, all
<br />as reasowbly estimated initially apd from time totime-by Lender on the basis.of assessments and bills and reasopabk estimates thereof.
<br />The Fuad- shall be,heldra an institution the deposits or accounts of which are invurcd or guaranteed by a Federal or sate agency (including
<br />Leader if-Lender is such an instiwton}. Letukr shall apply ihs Funds:fo pay said texas, assessments, insurance prsmiupts and ground renu.
<br />Lemlar may,rtgt charge for so hokfing attd applying the Punde, analyzing said aa:ount or vcr)fying and cvmpiUng said assessments and bills,
<br />wtkss Leaderpays Borrpwit iatsreat on,the Funds and appicabk law permits Lender to make such a charge. Horcower and Lender maY agra in
<br />writing at the tints of exeGiriion of this Creed vt Trust thatrpterest on the-Funds shall tx paid to Borrower, and unites such agreement is otade or
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