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<br />~ E D OF 'I'~tUST 82--t)t)3962
<br />BI~IIS DEED OF TRGST is Wade this ...... ?.4th .................day of ..... r,ugust ..... _ ..... ,
<br />i9....,amongthaTrustor.Elizabeth A. Hutton, a single,p~rson
<br />..... (herein "Borrower'), .Guster_ Fedora], .gaviags. and. .
<br />'Loan' A'ssociatian of Broken Bow- , , , , , , , , , lhercin "Trtstet"), and the Beneftciary.
<br />the Fabrifka tbrtgage Finande Fund, I:incoln, Ii~bratka, .~.~RdY..F•o1~t~F. a7=d...... .
<br />corpo;ate ......................................................... organized and
<br />e:istingundertheiawsof ..the.State.cz~.Nehraska ................... ........................
<br />whose address is.. 1115 "R" Street, Suite 101,, Lit:colnt . *IE.. 6850H, . , . , .
<br />................................................................(hercin "L,rnder").
<br />BORROWER. in consideration of [he indebtedness herein recited and the trust herein created, irrevocably grants
<br />and conveys to Trustee; in trust, with power of sale. the following described property located in the County of
<br />Hall . _ . , ... , , State of Nebraska:
<br />Lot Five (5) in Block Twenty Six (26) in Russel Wheeler's lddition to the
<br />City of Grand Island, Hall County, Nebraskar also known as 1023 Vorth t+Theeler
<br />Street, Grand Island, Hall County, Nebraska.
<br />102.3 North Wheeler Grand Island
<br />which hac the address of ....................................................................... .
<br />~'Uwi ;Girl(
<br />68801
<br />Irebrasi:a ........................... (herein "Property Address"):
<br />lZK~I
<br />TOGETHER with all the improvements now or hereafter erected oa the property, and all easements. righu.
<br />appurtexartces and tent; (subject however to the rights and authorities given herein to Lender to collect and apply such
<br />rents), all of which shall be deemed. to be and remain a par[ of the property covered by this Deed of Trust; and all of
<br />the focegoipg, together with. said property for the leasehold elute iti this Dced of Trust is on a leasehold) are
<br />hereinafter referred to u the "Property":
<br />TO SECURE to Lender the repayment of the indebtedness evidenced by Borrower's note dated..August 24 , 1982
<br />2 ~ 800.OQ~ ~ ~ ~ ~ ~ ' ' ' ' ' ''and extensions and renewals [hereof (herein "Note'"1, in the principal sum of
<br />G.S. S ....' ......................... .with interest thereon. providing for mon[hiv installments oC rincipai and
<br />interest, with the balance of the indebtedness. if no: sooner paid, due and payable on . , Septettti~er 1, 197
<br />the payment of all other sums, with interest ttureou. advanced in accordance herewith to protect the securty of this
<br />Deed of Trust, and the performance of the covenants and agreements of 13on~ower herein contained.
<br />Borrower covenants that Borrower is 1aw•fully seised of rite estate hereby conveyed and has the right to grant and
<br />convey the Property. and :hu the Property is unencumbered. except For encumbrances of record. Borrower covenants
<br />that Borrower warrants attd willdefend generally the title to the Properly against all claims and demands, subiect to
<br />encumbrances of rernrd.
<br />GV 1FORA1. COVENati rs. Borrower and Lender covenant and agree as follows:
<br />i. Pt-ZMat of Pr1~clpd ad Ltareat. Borrower shat! promptly pay when due the principal and interest
<br />ittdebtednas evidenced by the. Nou and late charges as provided in the Note.
<br />Z. Ft®do:. E«r'i'ax~s aidleaura~oe. Subject to appii.able law or a written waiver b7 Lender. B~,trower shall pay to
<br />Lcndcr an the day montht}' payments of priruipal and. interest are payable undo: *he dote.:anti) the Note is paid
<br />in.full: a sum (herein "Funds") equal ro one-[wdfth of the .early rases and assessments (including ccmdominium and
<br />planned unit development assessments. if any) which map attain priority over this Des:d ~: Trust. and ground rents on
<br />the Property. if .any. plus one-cweifrh +,~f yearly premium imtailrnenrs for ha2ard insurance, plus or.e-twelfth of cearly
<br />premium installments for mortgage insurance. if any. all as reasonablt• sr+matad ini;+ally and from rime ro rime by
<br />Lender or. the basis of assessments and bills :utd rea;onabie cstirrat s therral. Borr,~+=rr nail not be ..~~li,stca !c n;ake
<br />such psvtnenzs of Funds to Len{er to the ea:ent that Borow~r mukca_such P;i. ~~na tc~ ~ ne naldrr nt a tenor n~~zirageoe
<br />decd cf trust if such holder is an institution u; lender.
<br />+l!!YF -1R:4E~YPRCv4IEttT- 6j 82
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