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<br />DEED OF TRUST
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<br />84.--. 004262
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<br />THIS DEED OF TRUST is made this 15th day or AUQust
<br />19~,amongtheTrustor,-..-GllNTHER W BAKFR AND MARSHA R RAKFR, HII<;RANn ANn WTFF
<br />(herein "Borrower"). AREND R. BAACK, ATTORNEY .
<br />(herein "Trustee"), and the Beneficiary, HOME FEDERAL SAVINGS" LOAN ASSOCIATION OF GRAND ISLAND, NE
<br />a corporation organized and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST,P. O. BOX1009i
<br />GRAND . ISLAND, HE 88802 (herein "Lender"),
<br />BORROWER, in-consideration of the indebtedness herein recited and the trust-herein created, irrevocably grants and conveys-to Trustee.
<br />in trust, with power of sale, the rollowing described property located in the County or HALL
<br />State of Nebraska:
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<br />LOT FOUR (4), BLOCK FOUR (4), IN PARK PLACE, AN ADDITION TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
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<br />which has the address of----1l7 West 16th Street
<br />(STREET)
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<br />Grand Islantl
<br />(CITY)
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<br />The Rider to the Deed of Trust which is attached here ",,: and executed on
<br />hereby incorporated into the mortgage. The Rider hc 1 i amend and
<br />and agreements of this Mortgage as if the Rider was a part thereof.
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<br />Nebraska. 68801
<br />(STATE&ZIPCODE)
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<br />(herein "Property Address"):
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<br />TOGETHER ,,",th all the improvements. now or hereafter erected on [he propenyt and an easements! ,riahll.--~~\~~(--;
<br />(subject however to ~he rights and authorities given herein to Under to collect and apply such rents), royaltie$,tDiner!Il.,OllJlnd,~:~i:t~.:' ..'
<br />profits, water. water rights. and waler slod. and all flltlures now or hereafter attaclted to lhe property, all of WIUch,l.nc;I1ldI!l&~'~ j
<br />additiOllS Ihereto. shall he deemed to he and remain a part of the propeny covered by this Deed of Trust: and aIlofthe,~.J~.~"
<br />said propeny (or the leasehold eslal. if this Deed of Trust is on a leasehold) are herein referted to as the ,"Property";
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<br />TO SECURE to Under (a) the repaymenl of the indebtedness .videnced by Borrower's not. dated !\ugJlS t 1 ~. .l~1\4 '. . . ." .... ...
<br />(berein "Note"). in the principal sum of THIRTY S I X THOUSAND FIVE HIlNDREO nOltARSA~ONODPO----,:,~
<br />with inlerest thereon. providing for monthly installments of principal and in~er..t, with the balance of the indebllldtleu.. i(nol SOClIlC!t,~.41lO
<br />and payable on September 1, 2014 . ;thepay,nlCllll~hllo~~
<br />"ith interest thereon, advancod in accordance herewith 10 protect lhe security or this Deed of Trust; and the.perfomtance ortheCO~~
<br />_ts of Borrower herein contained; and (b) lhe repaymenl of any future advances. with interesl thereon. made tOBormW<r!lYLendCr
<br />pursuant 10 paragraph 21 weor (herein "Future Advances"),
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<br />Borrow.r covenants Ihat Borrower is lawfully seised or the estat. hereby conveyed and has the riptto grant and convey the Property,
<br />thaI the Propeny is un<n<.-umhered, and thaI Borrower will warrant and der.nd g.nerally the title. to the Propeny apinst aIlelaitns..~
<br />demands. subject to an)' declarations.. easements. Or rcstri(."1ions listed in a schedule of exceptions to covCfatle in any tide inSuranCe, poIicj
<br />insuring Lendet's interest in the Propeny,
<br />UNIFORM COVENANTS. Borrower and Lendet covenant and agr... as follows:
<br />I. hJ_ of Pr\adpIIl ud laleral. Borrow.r shall promptly pay wh.n due the principal 01 and in~er"l on the indebtedness evidenced
<br />by II>< Noile. prepaymenl and lat. clulr'ses as ptovid<d in the NOle, and the principal or and interest on any FUlure Advances secured by this Deed
<br />of Trust.
<br />2, ~ for T_ ud luuraac<. Subjecl 10 applicable law or to a wrillen waiver by Lender. Borrower shall pay 10 Lender on the day
<br />mottth.ly ill5talJments or principal and interest are payable under Ih. Not., until the Note is pald in full. a sum (herein "Funds") equal to one-
<br />twelfth of the yearly ~""es and ......m.nts which may allain priority ov.r lhis D.ed of Trust. and ground renU on the Property, if any, plus one-
<br />twelf\h of year!) plenl.tUllill5talJmenli ror hazard insurance. plus one-twelfth of yearly plemium install.m<:nu for l1lOl'tiIl&' illSur&nce. if any, all
<br />as reasODllbly estimaled inilially and from time 10 UIllC by Under on ,h. basiso( assct.smerIlS and bills and reasonable estitnatesthereof.
<br />The f....tt$ shall be h.ld ill an institutiQU lhe deposilll or ...'Wun.. or which life insUted orauarlillte<>d by a Federal or .tate aacn~" (includillJ
<br />I..nder if Lender is sucll OlD ill$tilutionJ- lAnder shall apply the Funds 10 pay said I,"""" ......menlll, insurance premiu... and around ren,s,
<br />l..ender may 001 <bas._ fOI ro holdil1J and applyillJ the I'undl, .....Jyllng said .CCOUll' or verif)'lng and <<lIDpiliI1J said .._ents .nd billa,
<br />~ t.d!der p#ys Bofru'Wt1 i:UC:C'$l,m the fund.$. and &~le lilw pej:'tniu, teu4t;t hJ lnat..e ;\u>"'n ii. ~h&f&c-. Botlvwa :and Le:ndet' .m6) a.&l'Q' in
<br />I!\ritina &1 the tittle. of t''lb;;:'ullon {)f l~ l~ of TrUllltull mtctes1 on tbt fund}, 'ihaJl be' pw.d to Borrower. and unt~ llu.:h ilgfttmc.m iJi ma~ or
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