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<br />DEED OF TRUST
<br />
<br />84 - 005381
<br />
<br />THISDEBD OFTR:UST is made this 5th day of October
<br />19 8'L,~..g!.~Tn!..<t"", PATRICK E.. KNOELL AND JOSEPHINEM. KNOELL: .AND DAVIDc.. HUSTON AND SUSAN (.
<br />HUSTON: husbands_~!";rl ~r-~C:; t'pn~nt~ in rnmmnn (hp.rp',if::LBoLJ:.illIJe:r..s~ _--1lHEN~fL+-_._B_AAC~tor:oey
<br />Theretn ,lnu$t..,..), and the Beneficiary, HOME FEDERAL SAVINGS" LOA" ASSOCIATION OF GAANDISLAND, Ne
<br />a corporation organi2ed and existing under theiam of NEBRASKA whose address is 221 SOUTH LOCUST,P, O. BOX 1008.
<br />GAAND ISLAND, NE 88802 (herein "Lender"),
<br />BORROWER, in consideration or the indebtedness herein recited and the trust herein creatm, irrevocably grants and conveysto Trustee;
<br />in trust, with power of sale. the following described property located in the County of HALL
<br />State of Nebraska:
<br />
<br />LOT ELEVEN (11), IN BLOCK FOUR (4), KOEHLER PLACE, CITY OF GRAND ISLAND, HALL COUNTY,
<br />
<br />NEBRASKA
<br />
<br />The Rider to the Deed of Trust which is attached hereto and executed on the same day
<br />is hereby incorporated into the mortgage_ The Rider shall amend and supplement the
<br />covenants and agreements Df this Mortgage as if the Rider was a part thereof.
<br />
<br />whkh r~ th:t aCdrws of
<br />
<br />243 South Oak
<br />{STREET)
<br />
<br />Grand Island
<br />(CITY)
<br />
<br />68801
<br />(STATE &: ZIP CODE)
<br />
<br />TOGETHER ....ilb all the improvements now Of hereafter erected on the property, and all e84CI\1C1lts. rlahIs. appurIelllIIl!*.~
<br />(subject however to the rights and authorities given herein 10 Lender to c'Ollect and apply such rents), royalties, ~,QilU(l...ri&ll,\a,8IIll
<br />profits. water. water rights. and water stock, and all fixtures now or hereafter attached to the propcr~y. aU of whic;h, inl:IudiQar~I.8IIll
<br />additions thereto. shall be deemed 10 be and remain a pan of the property covered by this Deed of Trust; and aU of the foreaoillco ~:with
<br />said property (or the leasehold estate if this Deed of Trust is on a leasehold) are herein referre<l. to as the "Properly";
<br />
<br />Nebraska
<br />
<br />(herein "Property Address");
<br />
<br />TO SECURE to Lender (a) the repayment of the indebtedness evidenced by Borrower's note dated UCl:ooer 6, l~t:lq
<br />(herein "Nole"), in the principal sum of TH TRTY TIIIO THOIISANO ANn Nn/lnn__________________-:_________ Dollars,
<br />....,th interest thereon. providing for monthly installments of principal and interest, with the balanc:c of the indcbtcdness, if DOt .-. pai4, due
<br />and payable on r\lnllpmhpr 1, 7m" ;thepaymcalofaU,other......
<br />with interest thereon. advarn:ed in accordance herewith to protect the security of this Deed of Trust; and the performance of the COVCDall&S 8IIll
<br />a&leements of Borrower herein contained; and (b) the repayment of any future advan=, with inlerest thereon, made to Borro_ by Lender
<br />pursuantto paragraph 21 hereof (herein "Future Advances"),
<br />
<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 unem.-wnbered, and that Borrower will warrant and defend generally the title to the Property aaaiml aU t:laims and
<br />demands. subject to any declarations, easements or restrictions listed in a schedule or exceptions to coveraac in any titleinsurancc, policy
<br />insuriD&Lendcr'. interest in the Property,
<br />UNIFORM COVENANTS. Borrower and Lender covenant and f.8l'ee as follows:
<br />1. PaJ- of ~ alICI..-. Borrower sbali prOttlptly pay when due the principal or and interest on the indeb~ e~
<br />by the Note, prepayment and Iatol charges as provided in the Note, and the principal or and interesl on any Future Advances secured by this Deed
<br />of Trust.
<br />1~ F__ rot Tau. -= 1=--a;;ee. Subjc(::. to appli~bk t.w or to a written waiver by Lender, SQHowCI shall pa) tu Lcfider on the day
<br />monthly insIallIllent.; of principal and inu:rest are payable under lbe Note, until the Note is paid in full, a .um (~ein "Funds") equal to o!)c-
<br />twelfth of the yurl)' wes and u.sownents which may attain priority over this Deed of Trust, and ground rents on the Property, if any, plus one-
<br />t...elltho{ yearly premiUln ill.tallmenu for hazardiJUurance, plus one-!weifib or yearly premium inslallments for morlillie insurllllCC, if any, all
<br />as reasonably estima~ initWly and from time to time by Lender on the basis of asse5$mentli and bills and rtll$Onable estimates thereof,
<br />The funds ,IIlUl be held in an institl/lion the deposits or accounlil or which are insured Or guaranl~ by a Federal or stale lIen.;y (in.:luding
<br />tende! if Lender i. su<:b all i!l!ltitutlolt), lender .hall apply the Fund! 10 pay said taXes. a=wneots. insurance prcmillrm and ground rents,
<br />t.nlllcr may not <:harae fur 50 !wIding and applYlIlllthe flUId>, analYljng ....d account or verifying and ,'Ompiling ....d assessments and bills,
<br />~ l..ender P&Y~ 9ouowcr in~ut on d~ Fun~b ~w;t app.lk.abk l~w pE'rm:ts Ler..dtt to mil.k.e ill"h.il ;;harae. Borrower and Lend<< ~na)' aif" in
<br />writi.na 1\llhc time of e:w.:udoo of this IJca;1 of I fU${ that int.erest on the Funds. shall be paid w BOHOWtI ~ and ua.iess .:iu~h i1t1xeeu.cut !$ made Of
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