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<br />84......
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<br />003681
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<br />DEED OF TRUST
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<br />THIS DBEDOFTRUST is made this 11th day of July
<br />19l!S-,a$ongtheTrustor;DoNALD E. ..BBNoLD AND BERTHA A.. ARNOLD, husband and wife'
<br />(herein "Borrower"), AREND R.BAACK.attorllsv . .. ... .. .... . . '.' '"
<br />(herein "Trustee"), and the Beneficiary, HOME FEOERALSAVINGS.LOANASSOCfATIOH.OFG~J):4S'
<br />a corporation organized and .xistingunder the laws of HEBRASJ(A whose adcli-e.. is 221SOUTl:f LOGUST.P'F Qi'
<br />GRAN~ ISLAND, HE lIlI802 (herein "Lender"), . . .' ". ..... '.' .... . ..).??6T}'{
<br />BORROWER, in consideration of the indebtedness herein recited and ~hetrusthereincreated.irrev_blygrants.and convey(to.r~;;;
<br />intrust, with power of sale, the following describedpropertyJ_ted in the County of HALL ,"
<br />State Of Nebraska :
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<br />LOT FIFTY NINE(59) IN LE HEIGHTS FOURTH SUBDIVISION, IN HALL COUNTY ,
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<br />The Rider to the deed of trust which is attached hereto and executed on the:same'dayi~,:
<br />hereby incorporated into the mortgage. The Rider shall amend and supplement. the..covef18n'l:s:;~:
<br />and agreements of this Mortgage as if the Rider was a part thereof.
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<br />which has the address or
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<br />4218 Manchester
<br />(STREET)
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<br />Grand Island
<br />(CITY)
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<br />Nebraska 68801
<br />(STATE & ZIP CODE)
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<br />TOGETHER with all the improvements now or hereafter erected on the property, andaH easements, rights.appurteilances,.. renls
<br />(subject howeve, to the rights and authorities given herein to Lender to collect and apply. such rents), royalties, mineral, oil,andgllSrighlsand
<br />profits, water, water rights, and water stock. and all fixtures now or hereafter attached to the property, all of which..inclutli!l&.rep~eilts and
<br />additipnsthereto, shall be deemed to be and remain a part of thepropeny covered by this Deed of Trust; and all oftheJoregoing,.togethet'with
<br />said Pl"operty.<or the l~ehold estate if this Deed of Trust is ana leasehold) are herein--referr:eclto as the -"Property";
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<br />(herein "Property Address");
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<br />TOSECURE to Lender (a) the repayment or the indebtedness evidenced by Borrower's note dated J ul y 11,. 1984
<br />(hcrein"Note"),intheprincipalsumof SEVFNTY EIGHT THollSANO FTIIEHIINORFn AND NO/lnn:-------- Dollars,
<br />with interestU1~reon, providing for monthly installments of principal and interest,with Ihe balance of the indebtedness,. if nOI sooner.,paid,due
<br />andpaYl\bleon AlIglIst 1 ?nl 4 ; the payment ofallotberswns,
<br />with interest there,on, advant..-ed in accordance herewith lO protect the security of this Deed of Trust; and.tho: performanCe of tbe covenlll1ts_ and
<br />agreements.of. Borrower.l1,erein contained; and (b) the repayment of any. future advances, .....ith interest thereon, made .to Borrower. by Lender
<br />pursuant to paragrapb.21 hereof(heI~m "future Advances").
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<br />Boriower covenants that Borrower is lawfully-seised of the estate hereby con\Jeyed and. has the right to grant and convey the Property,
<br />that Ibe Pf('pc:ny is unencumbered, and that Borrower will warrant and derend. generally the title to the Property against all claims and
<br />~ds'. subject, to any declarations, easements or restrictions listed in a schedule of exceptions to coverage in any, title insurance policy
<br />insuring Lender' s in~"".est in the Propeny,
<br />UNIFORM c;OVENANTS' Borrower and Lender.covenant and agree as follows:
<br />1, PR)'JDeIllon'ril>cIpal aDd ID.te""I, Borrower shall promptly pay when due the principal or and interest on the indebtedness evidenced
<br />by the. N!>t~.prepam>ent an<llatecha(gesas provided in the Note, and the principal or and interes, on any Future Advances secured by.this Deed
<br />nf Trust,
<br />~ F~,forT~amI~'lnlllce, Suhject to applicable law or to. a written waiver by Lender. Borrower shall pay to Lender on the day
<br />~nIhiY, i~nlS:!>fl>rin<:ipal andin\erestare payable under the Note, until the Note is paid in full, a sum (herein "Funds") equal to one.
<br />twelfth of theyearlytaxesand.........JlenlS which may attain priority over this Deed orTrust, and ground rents on the Propeny, ir any, plus one.
<br />t'""'lflhofy~lYp1'eilliuwinstalll11enl~ for hazard insurance, plus one.twelfth olyearly premiumill$ta!lments for mortgage insurance, ir any, all
<br />as re8S!>nably estiwl\tedJl1itia!ly aDdfrom time to tu.ie by Lender on .the hlIsis of .....ssll1enrs and bills and reasonable estimates thereof,
<br />ti)e. P,undi sh~l.be~d!Ran institution the dq>OSits or accounts of which are insured or guaranteed by a Federal or ..ate agency (including
<br />Lender ifl,<;ndet ipuchan m.titutlOll,)' l,endershe.ll apply the,Funds 'Qpay .'aid raxes, ass<>sntents. iruurance prentlum. anq ground rents,
<br />~ 'ffilll'. not. c~ge rpr s<jholdin&an<iajJplying the .Funds,analyring >aidll<count or verifying and compiling said assessment. and bills,
<br />~~ pays~I'r<l>Vl:rint<;rC$ron.t\><: Funds.and appli<:aPl~ law permits . Lel;d<;r to mali.e .su.;b a charge, Borrower and Cendea' may agree 11\
<br />W{iuna,at Ute t~me;.vf ~<<udQn ~f tmi-.Deed ()firu~t l~ iiU~n~~t on Hie Funds_.$hll1l ~ _paid to Borrower,. and urUQS such. agrtXment is made or
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