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<br />DEED OF TRUST
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<br />84 ~004596
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<br />THIS DEED OF TRUST is made this ,1 d day or Auoust
<br />19---8L.amongtheTrustor, THOMAS H. MORGAN AND ]0 ANN O. r~ORGAN. htlsh,mrl and uJifp.
<br />(herein "Borrower"), AREON 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.. BOX :1009;
<br />GRAND ISLAND, NE 68802 (herein "Lender"),
<br />BORROWER. in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and"conveys-to:TIilstee,
<br />in trust, with power or sale, the following described property located in the County of HAl I
<br />State of Nebraska:
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<br />LOT SEVENTEEN (17), HERITAGE ACRES SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL
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<br />COUNTY, NEBRASKA
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<br />which has the address of
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<br />lSOB W. Spruce Place,
<br />(STREET)
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<br />Grand Island
<br />(CITY)
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<br />6BBOl
<br />(ST ATE & ZIP CODE)
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<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements. rights, appurtenances. rentS.
<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 />profits. water. water rights. and water stock, and all t1xtures now or hereafter attached to the propenYl all of which. including rcplacem.cuts and
<br />additioDS thereto, shall be deemed to be and remain a part or the property covered by this Deed or Trust; and all of the foregoing, together with
<br />said property (or the leasehold estate if this Deed of Trust is on a leasehold) are herein referred to as the "Property";
<br />
<br />Nebraska
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<br />(herein "Property Address");
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<br />TO SECURE to Lender(a) the repayment of the indebtedness evidenced by Borrower's note dated Allgllst :11, 1 qR4
<br />(herein "Note"). in the principal sum of FnRTY FTr;HT Tl-inllSANn ANn Nn!lnnn_n__n__n__~_---______DoUars,
<br />with interest thereon, providing for monthly installments of principal and interest. with the balance of the indebtedness, if not sooner paid, due
<br />and payable on S"fltF'mhf'f 1, ?nn<'L-- ; thepaymentofallothersUIDS,
<br />y,ith interest thereon. advanced in accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and
<br />agreements of Borrower herein contained; and (b) the repayment of any future advances. with interest thereon. made to Borrower by Lender
<br />pursuant to paragraph 21 hereor (herein "Future Advances"),
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<br />Borrower covenants that Borrower is lawfully 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 warrant and defend generally the title to the Property against all claims and
<br />demands, subject to any declarations, easements or restrictions listed in a schedule of exceptions to 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 />I, PaYDleJlt of PrindpallUld Interest, Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, prepayment and late charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />of Trust.
<br />2. Funds for Tues and Insurance. Subject to applicable law or to a 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, a sum (herein "Funds") equal to one-
<br />twelfth oftbe yearly taxes and assessments which may attain priority over this Deed of Trust, and ground rents on the Property. if any, plus one-
<br />twelfth of yearly premium instaUments for hazard insurance. plus one.twelith of yearly premium installments for mort~age insurance. if any, all
<br />as reasonably estimated initially and from time to time by Lender on the basis of assessments aud bills and rtasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents.
<br />Lender may not charge for so holding and applying the Funds, analyzing said account or v~rifying and compiling said assessments and bills,
<br />unless Lender pays Borrower interest on the Funds. and appHcablt' law permit.s Lemler to make such a cha.rge. Borrower and Lender may agree in
<br />writing at the time of execution of thb Deed of Trmt that interest on the Fund!> ~ha11 be paid to Borrower, and unless such agn.>emenl is made or
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