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<br />DEED OF TRUST
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<br />THiS DEED OF TRUST is made this 10th day (:OL~tober
<br />19 B4 ,amongt~Tru.tor, RICHARO D. KIER AND p.4.ARGARET L. KIEQ I-IIISBAND AND WIFE
<br />(berein"Borrower"), AREND R. BAACK, ATTORNFY , ' ,,'
<br />(bercin"'frustee"),andtheBeneficiary, HOME FEDiSl'IAi. SAVINGS' lOAN ASSOClAnO~Ol' GMMO'S!.."'''''', HE
<br />a corporation organized and existing under t~ laws of NEBRASKA whose address i. 221 SOUTH LOCUST, P. O. BOX 100e.
<br />Gl'AND I$l.AND, HE 88e02 (herein "Lender"),
<br />BORROWER, in consideration of the indebtedness herein recited and the trus~ herein created, irrevocably grants and <;Onveys to Trustee.
<br />in trust, with power of sale, the following <ks..-rihed property located in the County of HALL '
<br />State of Nebraska:
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<br />LOT SIX (6), LAKE DAVIS ACRES SECOND SUBDIVISION, HALL COUNTY, NEBRASKA.
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<br />which has1headdr.,..or_~~_,,____,_lOlL1wstin Av~nlIP
<br />(STREEn
<br />_____'(herein "Property Address");
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<br />Grand Island
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<br />Nebr~ka .
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<br />68801
<br />(ST ATE & ZIP CODE)
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<br />TOGETHER w,th all tbe improvements now or hCi'ellfter erected on the property, and aU ~lS, rl&IUs, appurt__,.reaq
<br />(subject howevcr to the nghts and authonues givtn herein to under to rollect and apply snch rents), royallies,lDiocQl, oil an4...1'iPf.a1llll
<br />profits. water, water rights. and water suxk, and all fixtures now or hereafter attached to t~ property, aU of whidl,~~MIII,I.,UIIl
<br />additions therflO. shall he deem<d to he and remain a part of the property covered by this ~ of Trust; and .aIlof the f~ 10000000,widI
<br />said property (or the lcascl10ld. estate ,r this Deed of Trust is on a leasehold) are herein referred to as ~~ "Property";
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<br />Tl.I SECURE to lcudd i.a, the rcp.aym~r..t of tt".e indeb:::-.J.~ :vid-~coi by Borrower's note ~1f4 Qctohft 10, 1 QA4
<br />(hercin "Nole"). ill the prmcipal SUl1l of __,.EQRILSIX THOUSAND EIGHT HUNDRED DOllARS AND Nn/1M --- DoIIm,
<br />with interest thereon, providio& for monthly installmc:nrs of principal and interest. with the balance of the indebtedne5s, if not SOOMf paid, due
<br />and payai>leon November 1. 2014 _____, ; thepaymem of all otIlersumo,
<br />v.ith inrerest thereon. advanced in aocordan;:e herewlth to protect the so::urity or this Deed of Trust; and the perfOl'll1llnCe of the covenants and
<br />liifc:cmenrs of Borrower hexem cootained; and (b) the tepayment of any furUle advances. with interest theRon, madl: to Borrower by Lender
<br />putSWllltto paragraph 2! hereof (herein" Futlll'e Advances").
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<br />Borro,,'er \,.'Q\'enanLS t.tul Borro'ao'Cf is. lawfully sased ot the estate nereoy conveyed and b~ .lite .right to jI.aIlt Oi.d wu\'~' th~ Pr-~l
<br />that the Property i. unen.;umhere<l, and that Borrower will warrant and defend generally the title to the Property aaainst all claims and
<br />deaw1ds, subject to any declarations, easements or restrictions listed in a schedule of e.xceptions to covent/le in any title insurance policy
<br />insurill& lalder's inletest in the Property,
<br />UN1FOJtM COVENAl'<'TS, ll<;>rrov.", and Lemier covenant and agre<: as foilow.:
<br />1. """'1 of PriadpalIUld 1._1. Borrower .haI1 promptly pay when due the principal of and interest on the indebtedness eviden<:ed
<br />b)' the Nole. prepay,ncnt and late charges .." provided m lhe Nore. and the prin_ipal or and inlerest Oil any future Advances....'Uft<1 by this Deed
<br />of Trust.
<br />2, ...... for Tn. nil l~. Subject to appl.i,:able law or to a wrillen w,mer by Lender. Borrower shall pay tl) Lender Oil the day
<br />monthly imtallmen15 of principal and interestllle pay.blt UIl<ler the Not., unul the Note IS paid in full, a ,urn (herein "Funds") equal 10 on...
<br />t'l'dfth of the yearly ti\Xf:~ and useS.s.m~nt1 whkh may auain priorit)' o",:er thi& Deed. of Trust, i!.nd ifound trnts on the Property, if any. plus one.
<br />twelllh of yearly premium uuulltn<'n15 r<l{ baard lllsurance, pi... on""twdfth of yearly prennwu insullments for morlll&ie ins\1ran~, if any, aU
<br />,., reaaonat>ly tsl1maled mitially ami from lime '0 tim<: by Lender on the basi, o! assa<ments and hm. and reasonable estimates thereof.
<br />Tbc Fun," shall be ht'.!d l!\ an in.rtrtulioo tn.:: dcp0~jh Of al;:,,:Q-unh of ~-hkh aft' im.ured or gUaftUuCI:\i by a Federal or statt- aact\c)' (induuinJl;
<br />I t'nd:cr If Le..\det h s~h an Ift.fHutH-n.}_ Lttidcf "hall apply the funds tQ pay 5a!d ta..-'~C'.,. as~s..,mC"nlS. Insurance pffmiuIns, and ground reUb.
<br />Lcmkr may nut chv.~ fVf $U h('ldn~.. and .pplY1fii the hmd'!.. amt.lyzmg ~ili;j ~i.:\)u;n ,}t v('nfyi~l8. and oompihni 000 3M('SsmeniS and hi:::s.
<br />unle"k'\ LttW.itI I4f.Y1!o !~,:"no\.~w'N HU.er~~t (H-.: tfit- funJs and appth;;J.ble l~w pe'rrnits Lt"Me:r to make %u,h ill dlarl.le'. fhnn.1-W(f ilnd LenJer mlity a,.ree Hl
<br />~'rllHlj,: At t~c Hmt of (".__lX:ttUnh l,f tlU:'i i~i oCl r~!{ l.h-ut inft'ft';l -em ihe Fun.d:'!i ~haH he r~J to u.<,xr",)"-'-et. dnd unle\~ ~uo,;h .qtrttmtm 15 uMdc t'!
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