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<br />84 - 003642
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<br />DEED OF TRUST
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<br />THIS DEED OF TRUST is made this 10th day or Jllly
<br />19-.aL,amongtheTrustor, CARl R. HAGAN AND DFBDRAH J.' HAGAN. hllshFmrl Fmrl..lif..
<br />(herein "Borrower"). AREND R. BAACK. attorney '.' n. ........
<br />(herein "Trustee"), and the Beneficiary, HOME FEDERAL SAVINGS & LOAN ASSOClATION OF GRAND ISLANDi,NE.
<br />a corporation organized and existing under the laws of NEBRASKA whose address is 221SOUTflLOCOST,P;O;c BOlC1009t
<br />GRAND ISl.AND, HE 88802 (herein "Lender"),
<br />BORROWER, in considera~ion of the indebtedness herein recited and the trust herein created, irrevocably grants and coJiveyS'toTrUstee,
<br />in trust, with power of sale, the following described property located in the County or HAl I
<br />Slate or Nebraska:
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<br />OF CLARK STREET WHERE SAID LINE WOULD BE
<br />IF EXTENDED, THENCE SOUTHERLY, ALONG SAIO EASTERLY LINE OF CLARK STREET FIFTY (50) FEET,
<br />THEr~CE EASTERLY AT RIGHT ANGLES, ONE HUNDRED TWENTY FOUR (124) FEET, THENCE NORTHERLY,
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<br />PART OF THE NORTHEAST QUARTER OF THE NORTHEAST QUARTER (NEtNEt) OF SECTION TWENTYONE(2I)
<br />TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA,
<br />MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT A POINT IN THE EASTERLY LINE
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<br />AT RIGHT ANGLES, FIFTY (50) FEET, TO WHAT WOULD BE THE SOUTHERLY LINE OF JOHNSTREETi
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<br />IF EXTENDED, THHJCE WESTERLY, ALONG S;'\1D ;:,THERLY LINE, ONE HUr~DRED TWENTY FOUR (124) FEET,
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<br />TO THE PLACE OF BEGINNING, BEING A RECTANGULAR PIECE OF GROUND, HAVING A WESTERLY FRONTAGE
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<br />OF 50 FEET ON CLARK STREET, A DEPTH OF 124 FEET, AND BOUNDED ON THE NORTH BY THE EXTENDED
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<br />SOUTHERLY LINE OF JOHN STREET,
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<br />The Rider to the Deed of Trust which is attached hereto and executed on the same day is
<br />hereby incorporated into the mortgage The Rider shall amend and supplement the covenants
<br />and agreements of this f'lortgage as if the Rider was a part thereof,
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<br />which has the address of_.._~__._______~_
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<br />Ben S. C 1 ark_.____
<br />(STREET)
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<br />Grand Island
<br />(CITY)
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<br />r~ebraska 6880 I _________(herein "Property Address");
<br />(STATE & ZIP CODE)
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<br />TOGETHER with all the improvemems now or hereafter erected 011 the property. and all easements, rights. appurtenances., ren,ts
<br />(subject however to the rights and authorities given herein to Lender to collect and apply such rents), royalties. mineral. oil and_gas rights and
<br />pronts, water. water rights, and water stock, and all fixtures now or hereafter attached to the property. all of which. including replacements and
<br />additions thereto, shall be deemed to be and remain a part of the property covered by this Deed of Trust; and all of the foregoing, together with
<br />said property (or the leasehold eSlale if this Deed of Trust is on a leasehold) are herein referred to as the "Property";
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<br />TO SECURE to Lender (a) the repayment of the indebtednesscvidenced by Borrower's note dated J\l] v ] O. 1 QS4
<br />(herein "Note"), in the principal sum or TWENT'L-IHREJ':__THOUSAND TWO HU~AND NO!lDO-n-~n-n--_--DoUars,
<br />","'lth interest thereon. providing for monthly installments of principal and interest, with the balance of the indebtednes.'it if not sooner paid, due
<br />and payable on AU\Just 1, ~__________________ ; the payment or aU other sums,
<br />with interest thereon, advanced in accordance herewith to protect the security of [his Deed of Trust; and the performance of the covenants and
<br />agreements of Borrower herein contained; and (b) the repa)'mem of any future advances. with .interest thereon, made to Borrower by Lender
<br />pursuant to paragrapi121 nereo! (herem "t'uture Advances").
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<br />Borrower covenants that Borrower is lawfuHy seised of the estate hereby conveyed and has the right to grant and convey the Property,
<br />that the Property is unencumbered. and that Borrower will warraul and defend generally the title to the Property against aU claims and
<br />demands, subject to any declarations, easements or restrictions listed in a schedule of r:xceptions (0 coverage in any title insurance policy
<br />insuring Lender's interest in the Property,
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows.:
<br />1. Payment 01 Principal and Interest. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, prepayment and late chargc:s as provided in the Note. and the principal of and interest on any Future Advances secured by this Deed
<br />QfTru_5t.
<br />2. .'uods for Tues llid losul1l.nce. Subject to applicable law or to it written waiver by Lender, Borrower shall pay to Lender on the day
<br />monthly installments of principal and interest are payable under the Note, until the Note is paid in full, Ii ~um (herein "Funds") equal to onc-
<br />twelfth of the 'Yearly ta:llCS and assessments which may attain priority over this Dc('tl of Trust, and ground rents on the Property. jf all)., p!u'!' OllC-
<br />twelfth of yearly premium installments for hazard insurance, DIu... one-l welith vf yearl)< premium in.staHmcnb for mortgage insurance. if any. all
<br />as rc~uonably estimated initiaUy and fro-m time to time by Lendc:r on the basis of ~stS.srnents and bills. and rea~i)nable estimatcs [here-.of.
<br />The Funds "haii be held in an institution the depo~.i.ts or .accounts oj which are inSl.ile\.l or guarame<<l b) ~l. h:::dc-ral or :<;(ale agclh"Y (Hh.:Juding
<br />I.-t:nde{ if L~nder lS ,1.1l:h an m.sfitutiofi). lxtlder .5haH apply {he Funds to pay said tllC.", i\_'i_se-ssmc-nt:s., imuram.'e preroillm~ and ground lenl~
<br />Lender nlay nol charge for so holding _tad. applYIng the: Fund~. an.itll'l.hlg s~ud a~'1.~(lunt or '>enfymg and i,'..-,mpibng sa.i..l a.s.~.'i.~menl" .i:.wJ hills.,
<br />unj~f, L-tud('f paY:1- BofHJwt"r HHcresl fin lht funJ\ and ./;Ippli~;able law permit", Lendl:'f W \l1Jj\((: -:.u..:b J. ;:hargt' HO!l\JWt'f <lH"l Lel1dCl ma~' agrl;"f' W
<br />wtiting allhe ittflt of (;.~t;(:l.lli()fl nf IhH Deed of rHl~t thilt itueJt't on the Fund) \naU t'\" p~'id \\..1 R0HIJWf'L itnd "J\k\-~ \\t..:h aglt.'-(~nH'JH 1"- ma,:k dl
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