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<br />THIS DEED OF TRUST is made this 16th day of October
<br />lifL-,amongtheTrustor, MARVIN V. PETERS AND MARLENE M. PETERS. hlJsbandand I~ife
<br />(herein HBotrower")~ AREND R. Sf\ACK.. -at tornev
<br />(herein "Trustee"), and the Beneficiary, HOME FEDERAL SAVINGS . LOAN ASSOCIATtOlt OF GRAND ISLAND. HE
<br />a corporation organized and existing under tbe laws of NE8RASJ(A wbose address is 221SOUTK LOCUST, p, 0.80X,100t.
<br />GRAND !$L4-"ID. HE 68802 (herein "Lender"),
<br />BORROWER, in consideration or tbe indebtedness herein recited and tbe trust herein created, irrevocably grants and conveys to Trustee,
<br />in trust, with power of sale, the following described property located in tbe County of HALL
<br />Stale ()fNebraska:
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<br />DEED OF TRUST
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<br />LOT THIRTEEN (13), IN WESTROADS ESTATES THIRD SUBDIVISION, HALL COUNTY, NEBRASKA
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<br />which has the address of
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<br />3548 Graham Avenue
<br />(STREET)
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<br />Grand Island
<br />(CITY)
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<br />Nebraska 68801
<br />(STATE & ZIP CODE)
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<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, a~."'"
<br />(subject !:~....,.,,'" 10 the rights and autlmrities given herein 10 Lender to collect a.'ld apply SL"''' rents), royalties.~al, oil andS"'!~_
<br />profits, water, water rights, and water stock, and all fixtures now or hereafter auached to the property, all of which, indudllll.~_
<br />lllIditions thereto, sball be deemed to be and remain a part of the property covered by this Deed of Trust; and aU of the foreaoiD&.~.with
<br />said property (or Ibe leasehold estate if this Deed of Trust is on a leasehold) are herein referred to as the "Property";
<br />
<br />(herein "Property Address");
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<br />TO SECURE to Lender (a) the repayment of the indebtedness evidenced by Borrower's nOle dated October 16, 1984. ..
<br />(herein "Note"), in the principal sum of THIRTY THOUSAND AND NO/lOO----------------------,----------DoIIu$,
<br />with interest thereon, providing for mombly installments of principal and interest, with the balance of lhe indebtedness,if not SOOllClpaU!, due
<br />and payable on November I, 1999 ; the payment of all otheutllP,
<br />with interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the perfof'ttlll11CC of the co~.aDd
<br />qra:nle:n1S of Borrower herein conlained; and (b) the repaymen~ of any future advances, witb interest thereon, made to ~{ower by l.cnde{
<br />pursuant to paraaraPh21 hereof (herein "Future Advances"),
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<br />Borrower coveuants 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 nn"R4'U!!lbered~ and that Borrower will warrant and def~nd generally the tillr to the Property apinst all claims, and
<br />demands, subject to any declaratiOllll, easements or restrictions lis~ed in a scbedule of exceptions to coverlllle in any title insUl'ance policy
<br />insuriA&Lender's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows;
<br />I. hJaeat of PriIIdpal ucIl~ Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, prepayment and late c!larges as provided in the Note, and the principal of and interest on any Future Advances secured by thi$ Deed
<br />oiTrUSl.
<br />1. ,.....,or Tu.ea ucIl~ Subject to app~icable law or to a wriuen wai_ by Lender, Borrower shall pay to Lender on the day
<br />llIOIItbly instaIbIIcu.ts of prinocipal and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds") equal to one-
<br />twelfth of the ~ly taxco and lUSeSSmenLS wbich may atlain priority over this Deed of Trus~, and ground renlS on the Property, ir any, plus one--
<br />twelfth of yearly pcemilllninslallments for hlWU'd insurance. plus one-twclith of yearly premium instaiiments for mortp&e insurance. if any, aU
<br />as rwonabIy estimatod initially and from time to tinle by Lender on the basis of m=menlS and biI1s and reasonable estimates thereof.
<br />The Funds sba1l be held in an iustitution the dcposils or acrounts of which are insured or guarameed bv a j;'ederal or state agC1lcy (inctudina
<br />Lendet ir .Undcr is such an institution). Lender shall apply tbe Funds to P<lY wd taXes. assessments, insurance premiums and ground rents,
<br />t~noo m!)' nOJ {'har:c: for $0 ho!mr--& a..rW aw{y'ina tb;: Fu~~ ~"laJy~nj. 5t!id 4C'COUHi uf v~r.iJyin& ana C\.smpilina Sft.id l!~llCnlj aad bills,
<br />Wliess i~ p;I)'s Borrower interest 00 lhe Funds and llppli<:abie I...... permits Len<let to mal;e ,o<h . .;:hiU'ge, Borrower and Lender may agree in
<br />writiJ>a at t~ lime Qf e;lecU(JQf. of tlii. Deed of Trust that inter"l 00 the Fuod. .hall be plliJ 10 Borrow... aod unles" ,ncll qreem.ot i' made or
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