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<br />THIS DEED OF TRUST is made this 12th day of October
<br />19~_,amongtheTrustor, STEPHEN BRENT ANDERSON AND SHEll EY LYNN ANDFR'10N, hllShnnrl nnrl I,dfp
<br />(herein "Borrower"), AREND R, BAACK, ATTORNEY AT LAW
<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 !SLAND, HE 88802 (herein "Lender"),
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<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee,
<br />in trust, with power of sale, the following described property localed in the County of HALL
<br />State or Nebraska:
<br />
<br />DEED OF TRUST
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<br />005556
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<br />LO- EIGHT (8), IN BLOCK FIVE (5), IN ASHTON PLACE, AN ADDITION TO THE CITY OF GRANO
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<br />ISLAND, HALL COUNTY, NEBRASKA.
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<br />which has the address of
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<br />2307 West Char1ps
<br />(STREET}
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<br />[;rcmrl T c; 1 ;mrl
<br />(CITY)
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<br />Nebraska
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<br />(herein "Property Address");
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<br />58801
<br />(STATE & ZIP CODE)
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<br />TOGETHER with all the improvements now or hereafter erecled on the property, and all easements. rights, appurtenan=. -
<br />(subject however to lhe 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 fixtures now or hereafter attached to the property, all of which, including replacements and
<br />additions thereto, shall be deemed to be and remain a part of the property covered by this Deed of Trust; and all of the foregoing. together with
<br />said property (or the leasehold estale if this Deed of Trust is on a leasehold) are herein referred to as the "Property";
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<br />TO SECURE to lender (a) the repayment of the indebtedness evidenced by Borrower's note dated October 12, 1984
<br />(he,.i" "Nole"),intheprincipalsumof NINETEEN THOUSAND FIVE HUNDRED AND NO/lOD-----------------9oIlars.
<br />with interest thereon, providing for monthly installments of principal and interest, wilh the balance of the indebtedness. It not sooner ,.ui. due
<br />and payable on Nm,RmhPT 1, lqqq ; the payment of all other sums,
<br />..ith interest thereon, advanced in accordance herewith to protect the security of Ihis Deed or Trust; and the perfol"1D8llCO 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 hereof (herein "Future Advances")_
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<br />Borrower covenants that Borrower is iawfuil)' seised of ihe 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 Ihe 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 />1, l'aymeat of PrIDdpa1 aad Int.....t. 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 or and interest on any Future Advances secured by this Deed
<br />of Trust.
<br />1, FuDds for Tua aad 1Dslll1lD<<, Subject to applicable law or to a written waiver by lender, Borrower shall pay to Lender on the day
<br />monthly instalbnents of principal and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds") equal 10 one-
<br />Iwelfth of the 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 installments for hazard insurance. plus one-twelfth of yearly premium installments for mortgage insurance, if any, all
<br />as reasonably estimated initially and from time to time by lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds swul bt held in an ins.titution the deposits or ac-..:ount:;. of which are insured or guaranteed by a Federal Of state agt':n~y {including
<br />leDder if l<:nder is such an institutionl, lender shall apply the Funds to pay said taxes. assessments, insurance premiums and ground rents,
<br />Lender may not cluirge for SO holding and applying the Funds, analyz.ing said ac<ount or verifying and compiling said a.ssessments and bills.
<br />unless lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge, Borro..er and Lender may agree in
<br />writing. at the time of ex~ution or this Deed of Trust that interest on the FWlds shall be paid to Borrower. and unless such ag.reement is made or
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