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<br />64~ 00521.1
<br />DEED OF TRUST
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<br />THIS DBEDOF rlWS'1: is madetilis 2S-rh dayof~tembE''''
<br />19---...2i.,amonstheTrustor,lOCAL TRUSTEES FOR THE CHURCH OF GOD OF PROPHECY, A REl :GIOIIS ORGAWZATION
<br />(herein "Borrower"), Aren'd R. Baack, attorney at law ....._
<br />(herein "Trustee"), and the Beneficiary, HOME. FEDEi'tAlSAVINGSaLOAN AssoCiATiON.OF GAANDISLAND,NE
<br />a corporation organized and existing under the laws of NEBRASKA whose address is 221 SOOTH lOCUST, P.O. BOX 1008,
<br />GRAND IJl..VtD, ME llI802 (herein "Lender"),
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created. itrevocably grants and conveysto-Trustee,
<br />in trust, with power of sale, the rollowing described property located in the County of He 1 I
<br />State Of Nebraska:
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<br />LOT ONE HUNDRED I~INETEEN (119) IN WEST LAWN, IN THE CITY OF GRAND ISLAND, HALLCOlJNTY,
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<br />Nebraska 68801
<br />(STATE & ZIP CODE)
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<br />TOGETHER with aU the im..provements now or hereafter erected on the prQpCl'ly, and.aU ~ rial\tJ>. '.. '__
<br />(subject however to the rights and autboritiC$ given herein to Lender to co1lo;t and apply $Ild\ RIII$), royalti!:l,~'911 ~_.
<br />profits, water, _tet rights, and water stock. and all fIXtures now or hereafter attached to the~, aIlofwhidt,~~W .'
<br />addiliOlls thereto, sbaIl be deemed to be and remain a part of the property coV\ll'Cd by this DeedofTrult; and.u.oU.f~~;"'-
<br />said property (or the IeudloJd estate if this Deed of Trust is on a leasehold) are herein rcfmed to u the "Propeny";
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<br />(herein "Property Address");
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<br />NEBRASKA
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<br />The F\ider to ~he Deed of Trust ~hIch lS attached hereto and executed on
<br />hereby incorporated into the mortgage. The Rider shall amend- and supplemenT
<br />and agreements ot this Mortgage as if the Rider was a part thereof.
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<br />TO SECuRE to LCDdcr (ai the rcpa)meni of the indcbt-l~. e"'~ bv Borrow<;t"'s note dated September. .28.. . ..19~f'. .... ......
<br />(bereln "Note"), in the principal sWDof TWENTY TWO THOUSAND FOUR HUl'IDRED AND N01IOO--:------ ....~;
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<br />with interest thereo!I. providing for monthly i!lStallmenlS of principal and interest, with the baIaac:e of lhe~ih..tIO!.."lllJiII._...
<br />andpaya1lleon October I. 2014 : thepa.YJftlllllof.u.,~.",
<br />with interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the perfOl1DllllCC of the co~ W
<br />ll8leements of Borrower herein contained: and (b) the repayment of any future advam:es, with interest thereon, maGe.1O Borrower by 1ClIlIIer
<br />pUfSlW1tto parqraph21 hereof (bcrein "Fl!llueAdvances"),
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<br />Borrower COVeDaD.ts that Borrower is lawfully seised of the estate hereby COfiycycd and },. the raiht to 8-""ant :.nd conyey the-PriOi~df~
<br />~ the Property is uncncwnbered, and that Borrower will warrant and defend aenenIJy the title 10 the Property apQIst all ~ and
<br />demands. subject to any declarations, easements or restrictions listed in a scbedule of exceptions to coveraae in any title ioa~ polley
<br />insurina Lender's in_in the Property.
<br />UNIFORM COVENANTS. Borrower and lender covenant and lliree as follows:
<br />1. ~t of Prl8elpalIIIllIII.-. Borrower sball promptly pay wben due the principal of and interest on the indebtedoess ovidenced
<br />by the Note. prepaymcot and late charaes as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />of Trust,
<br />1. f.... fwT_ uol i_. Subject to applicable law or 10 a ..,in... waiv", by L"mler, !lcrrower shall JlIlY to l.ender on the day
<br />DlOGlbly installments of principal and interest are payable under the NOIe, untiltbe Note is paid in full, a sum (herein "F\mdlI") equal to one-
<br />twdfth of the yeuly tues and lIS$C$SDlCDlS which may attain priority over this Deed of Trust, and ground rents on the Property, if any, plus one-
<br />~we\ftb of ymrl}' ~\lIlI imtallmenlS forlw:ard insuran<:e, plus onHwelftb of yearly premium installments for mOttlllie ioaurance. if any. all
<br />u reuooably <Sti-.d initially and from time to time by Lender on the basis of llUeMlDenlS and bUll and reuooable estimates thereof,
<br />'The Fun<b oball be held in aninstillltion Ihe depos!lS or accounts or wbich are insured Of auaranleed by a Federal or state qency (includillll
<br />Lendo=r if Len<ler is such an imti~ution), Lender .haIl apply the Funds to pay said !all"'. assessmenll. insurance premi\lll1S and around rents.
<br />Lender may not char.. fot llQ boJdina and &llj)1l'inl1the Funds, analyzing >aid account or verifyil\& and ''OtlIpililli said __IS and bills,
<br />uoless tender pays Borrower mlerest on tbe Funds and app!i<<lble law permits tender to make such a cbarlle. Borrower amI tender may agree in
<br />..ritiilll altllt lime o( eAt<.'Utltm of tni> Deed of Tru,tthal intereSt on the Funds shall be paid 10 Ilorrower. and <lnieM '<I"b agreemwt is made Or
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