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~2-= ~f?~000 REED 4F TRUST ~•IIS DEED OF TRUST1's made this .., .. 1st day of _ September ;9....,amongtheTrustor, ttoger A. Williams and .Mary. E. Williams, husband and wife ..... (herein "Borrower")..Custer Federal Savings• • , .. . zhfl' L~'ari 'PSsociatiort' bf ~rokeri '$ow (herein "Trustee"), and the Beneficiary, tla~ ti~Dratska !Icrtgatr Finance Fund, I.incola, Hwbraaka, .3 .~QdY..Rol~t~p, dnd...... . c~rpo;ate ....................................................... . . organized and existing undctthe Taws f ..the, .State. of . Nektraska ..... . .................................... . 111 "K" Street, Suite 101, Lincoln, ?lebraska 6850A whose address is .............................................................................. .. . ................... . .. . • ....... [herein "lsndee'"). BORROWER. in consideration of the indebtedness herein recited and-the trust herein created, irrevocably grants and conveys tBOaifustee, in trust, with power of salt. the following described property fxated in the County of .............. ..... . ................ _ ..... Staze of Nebraska:. Lot Four (4), in Block 'Pao (2), in John W. 7am1'wrt°s Addition to the City of Grand Island. _ L 721 N. Superior Grand Island which has the address of ...................... ................................................ . 68801 [Stawl IGnI Nebraska .................... . ......therein `.Property Address"l; ;LICN.i TOGETHER with all the improvements now Or hereafter erected on the property, and all easements. rights, appurteaaaces aed reran (subject however to the rights and authorfcies given herein to Lender to toilet[ and apply such rents). aU of which shall be deemed to be and remain a part of the proptrty covered by :his Deed of Trust; and all of tht forcgoirrg, together with said property (or the ;eaxho{d state if this Deed of Trust s un a leasehold) are hereinafter referred to u the "Property": TO$~ URE to~ th~ vtnent of the indebtedness evidenced by Borrower's note dated .... ........... . SepEcnber I;~~82 reps" and extensions and ttnewals thereof (herein "Nc[e"!, in the principal sum of U.S. S .. , ~ ,400. iJd , .. _ , .... , .. ,with interest thereon, rovidin for moothI i sta~(men of i al and interest, with the balance of the. indebtedness. if not sooner paid, due and payable oa .. S~p~etnber ~' ~~ p the payirtent of all other sums, with interest thereon, advanced in accordance herewith toprotect the security of this Deed of Trust; and the performance of the covenants and agreements of Bon over hereir. «.ntained. Bortower covenants that 9orrower is lawfully seised of the estate hereby conveyed and has the right [o grant artd convey the Property, and. that the Property is unenct:mbered. except for encumbrances of record. 3orrower covenants that Borrower warrants and will defend generally the title to the Property against all claims and demands. subiect [o encumbrances of record. LVIFORAi COL"c'VANTS. Bortowcr and Lendet covenant and agree as follows: 1. Py~eat of Priaci4al sad Ernest. Bottower shall promptly pay whin due the principal and interest indebtedness evidenced by the Note and late charges as provided in the No[e. 2. £wds for Ta:r sad Itranx~e. Subject to applicable law or a written waiter by Lender. Bcrrow•er shall pay to Lender on [he day montltiy payments: of orincipal and intermit are payable under the tiote, until the. Nute a paid in, fulh a sum therein °Fetnds")equal to one-twelfth of the yearly taxes and assessments tincludinq co^dominium and planned unit development assessments, if any) which may attain pnari:y ever this Deed cf Trust. and ground rents on the Property, if any. plus one-twelfth of yearly premium installments for haurd insurance, plus occ-twaJfth of yearly - pttmium installments fur mortgage insurance. if any. all as reasonably estimated initialh andt>om •ime to tiff][; by Lender on the basis of assessments and bilks and reasonable estimates thcreoY. Borro~crr =.hall not be nblikated. to make.' such payments of Funds to Lender to [he extent that Borrowermakes such p„rments to [ne. holder oP a prior mortgage or deed of trust if such holder is an institution at tender. t?rFF -MOUE ~MPROVEMEnt- 6/82