|
<br />~~ ~-i - ~~ 10 7 4
<br />DEED OF TRUST .
<br />THIS DEED OF TRUST ismadethis 24th day of February
<br />19~_.amongtheTruator, GARY D. NOLAN AND BOBBIE J. NOLAN. husband and ieife
<br />(herein"Borrower"), AREND R. BAACK. attorne~____~_i
<br />(herein °Truata"), and the Berudaary, HOME FEDERAL SAVINGS f LOAN ASSOCIATION OF GRAND ISLAND, NE.
<br />a rnrporation organized and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST. P: O. BOX -1t70Y,
<br />GRAND ISLAND. NE ti~l02 (herein "Lender").
<br />BORROV/ER, in consideration of the indebtedness herdn recited and the trust herein created, irrevocably grants and conveys to Trustee,
<br />intrust, with power of sale, [he followirtg described property located in the County of HAI f ,
<br />Stage of Nebraska:
<br />LOT SIX (6) IN BLOCK ONE (1) IN CUNNINGHAm SUBDIVISION, AN ADOITIDN TD THE CITY DF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />which has the address of 2409 West 14th Street Grand Island_
<br />{STREET) (CI11Y)
<br />Nebraska 68801 (herdn "Property Address");
<br />(STATE & ZiP CODE)
<br />TOGETHER wi[h all the improvetomis now or hereafter erected on the property, and all..tas~rnts,_tiytts:.ppptutmaoces, reau
<br />(subject however-to the rights and authorities given herdn 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 futures now or hereafter attached-to the property, all;of. sghich,~.ihcluding reptacemeau std
<br />additions thereto, shall be deemed to be and. remain a part of the property covered by [his Dad: of Truat7,and alt of.the foregoing, together. with
<br />said property (or the leasehold estate iC this Dad of Trust is once leasehold) ace herein referred to as the "Property";
<br />TO SECURE to Lender (a) the repayment of the indebtedness evidenced, by Borrower's note dated February :24 , .1984.
<br />(herein°NOte"), in the principal sum of FORTY FOUR THOUSAND AND ND/100------ - -- ------------ mss,
<br />with (ute[est thereon, providing for monthly installments of principal and interest, with [he balance of the indebtedrtese, if ttot,tiaooer paid, due
<br />and payabk on march 1 2014 ; the p~yauent o[ all other calm,
<br />with imerest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the performance of the, covettatt[s std
<br />agreements of Borrower herein contained; and (b) the repayment of any future advances, with interest thereon, ttutdc:to Bwrotver.by~Letder
<br />pursuant to-paragraph 21 hereof (herein "Future Advances").
<br />Borrower covenants that Borrower (s lawfully seised of the estate hereby conveyed and has the right ro grant and convey the.Property;
<br />that the Property is unencumbered, and that Borrower will warrant and defend generally the title (o tha Property against all, claima.ard
<br />deptands, subject to any declarations, easements or restric[iom listed in a schedule of exceptions to coverage in'any tiGe imurance policy
<br />imuriM,Lender°s interest_in the:Property.
<br />UNIFORM COYEIVANTS. Borrower and Lender coveaant and agrce az follows:
<br />I, Payatpst a<Ptl~dgal W I~kssat. Borrower shall promptly pay when due the principalof and interest ootheindebtedttess ev)deactd
<br />by the.Note, prepayment and late charges az provided in the Note, and the principal of and inleres[ on any Future Advances aectued by this :Deed.
<br />of Trtts4-
<br />2., Farlis ter 7aaa aai lasataroe. Suhject;to applicable Iaw or to a written waiver by Lender, Borrower shall pay to herder on the day
<br />RwnWyiwtapments oC principwl and interest ue;pgyaWe under [he Note, until the No[e is paid in full, a sum (herein "Funds") egwl-ta one-
<br />twdfdt otthe yeailYtaxesand asxasmeau which may.aftain priority over this Deed of Trust, and ground rents on theProperty, if any. plus otm
<br />twelfthA[ yearly premium imtaUtxots for hazard insurance, plus one-twd(th of ywrly premium installments for mortgageinsttrance: ifany, all
<br />as reasonably estimated initially anti from time to time by Lender on the basis of asseastnents and bills sad reasonable esifmucs thereof.
<br />The Futtds--shall bs heW in an imtitution the deposiu or accounts of which are insured ar guuanteed by a Federal or state-agency (including
<br />l.ettder it i.ender issued an ittstitul(on). Colder shall apply the Futds to pay said taxes, assessments, ixuurance premiums and ground rend.
<br />Lender-may ntu citugafar so holding anti applying the Ftitnas, analyzing said aarount or verifying and compiling said assasntents and bills,
<br />unks£ Let[der pays eorrowec in[racst on the Funds and appficable taw permits Leader to make stud a charts. Borrower and Lender may agra in
<br />writing.at the lisle of caccutiou-ot ttds Dad, of Twat that interest on €!te Funds shat[ tx paid to Borrower, anti unless such agreement i3 made or
<br />
|