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I DEED. OF TRUST I 83- 004478 ... . 29th f July THIS DEED OF TRUST is made thIS. . . . . . . . . . . . . . . . . . . . . . . . . . .. day 0 ........................, 19 .a~. . among the Trustor. . James .v... McEhillips. and.. Do.r.othy .A. .MG:PhUJ..ip&,. .Husbami . <mE!.'W!fe: . . . . .. ... . . . . . . . . . . . . ~ . . . . . . .. . . . . .. .. . . . . .. (hereiil"BOlTower"), fus'te]; .:6'eGeraJ.. 8a~~i~'o:m<i:' . .I,q~l):~fil9~j.pJ.;i.pn.Qt: .at;Qken.:eow.......................... .(herein"Trust~"),anddleBel1ef:iciatY. the. NeJ:;raaJca Mortgage Finance Fund, Lincoln, Nebraska, . ~ .QQqy' ,p.o.l.i.t;l.~. ana.~.:....~ .qQ+AAJ;"Ill:t~. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , organijlj(l.ana existing under the laws of . . the. .Sta.te. o.f . Ne.braska. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .... . . . . . . , whaseadclressis. .Gold.ls.GaJ.J.e.r.ia,...Suit:e.J04..1033. ."0.". .5t:r;ee1;.............: ..:..... :::........ . . . . . . . . . .. . . . Lin.col.nr .Ne.lOlil50e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (herem Lender). BoRROWER. in consideration of the indebtedness herein recited and the trust herein created. irrevocably grants and' conveys to Trustee. in trust. with power of sale, the following described property located in the Couiltyof . . . . . . . . . . . . . . fl'<i.lJ.. . . . . . . . . . . . . . . . . . . . . . . . . . State of Nebraska: Lot Ten (10) in Block Twenty-Five (25), Russel Wheeler's Addition to the City of Grand Island, Hall County, Nebraska. - which has the address of . ~.o.4. .~~~t: . ~9:'~. . . . . , . . . . . . . . . . . . . . .. . . . . . ~~.~r:~ . ~~~~~~. . . . . . . . . . . . . . . . , [SIr... I IC,,,,, Nebraska. . . . . . . . . . . ~~~?~. . . . . . . . . . . (herein "Property Address"); [bo CGOeI TOGETHER with all the improvements now or hereafter erected on the property. and all easements. rights, appurtenances and rents (subject however to the rights and authorities given herein to Lender to collect and apply such rents). all of which shall be deemed to be and remain a part of the property covered by [his Deed of Trust: and all of the foregoing, together with said property (or the leasehold estate if this Deed of Trust is on a leasehold) are hereinafter referred to as the .. Property"; To SecURE to Lender the repayment of the indebtedness evidenced by BOrrower's note dated. . . . . . .:rVfY. ;2~J. .1.983 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . and extensions and renewals thereof(herein "Note "). in the principal sum of U.S. $ . 'J:J:,'300~e6' . . .. . . . . . . . . . . . . . . with interest thereon. providing for monthly installments of principal and interest. with the balance ofthe indebtedness. unot sooner paid. due and payable on . ~'!9'!~1:. ;tJ. .1.9.8.~ . . . . . . . . ' . ; the payment of all other sums. with interest thereoh. advanced in accordance herewith to protect [he security of this Deed oiTrust; and the pertonnanceofthe covenants and agreements of Bon'ower herein contained. Borrower covenants [hat Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property. and that the Property is unencumbered. except for encumbrances of record. Borrower covenants [hat BOrrower warrants and will defend generally the title to the Property against all claims and demands, subject to encumbrances of record. UNifORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. ~t of PriadpallUld Interest. Borrower shall promptly pay when due the principal and interest indebtedness evidenced by the Note and late charges as provided in the Note. 1.FIIQ. f~TIlJt.lUld IulUlllHle. Subject to applicable law or a written waiver by Lender. Borrower shall pay to Lender;on the day monthly payments of principal and interest are payable under the Note, until the Note is paid in full. asum(tlerein "Funds") equal to one-twelfth of the yearly taxes and assessments (including condominium and planft~ unit development assessments. if any) which may attain priority over this Deed of Trust. and ground rents on the Propel'iy; if any, plus one-twelfth of yearly premium installments for hazard insurance. plus or.e-twelfth of yearly premium installltlents for mortgage insurance. if any, all as reasonably estimated initially and from time to time by Lender on rlleba$is of assessments and bills and reasonable estimates thereof. Borrower shall not be obligated to make such paymems of frunds to Lendeno the exte:'ltthat Borrower makes such payments to I he holder of a prior mortgage or deed oftrustifsl1chholder is an institulionallender. I ...u-HOlK 111PlIQYfMENJ-6/82 J