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51098-1-16
<br />DEED OF TRUST $2~ i1 fJ 503
<br />24th November
<br />THIS-DEED OF TRUST is made this ............ . ............... da of ....................... .
<br />19.$?.,among theTrustor, .Harlan R..Schlachter and. Gloria A. Sychlachter, husband and wide,
<br />jointly. and .each. in. their own, right:. (herein Borrower").......... ~ . .................. .
<br />36>3.tiRh .H .. $ads'[fix .......................................... {herein "Trustee"), and the Beneficiary;
<br />FzBST .Fl;ASRAL: SAVINGS .ANA. LOAN .ASSOCIATION .OF. LINCALN .......... , a corporation organized and
<br />existing under the laws of .the. State .of .Nebraska ............................................. .
<br />whose address is .1, 3 th. and...".N`:. S tr eeas.,..Lincoln,. Nebraska. 685Q8 ........................... .
<br />................................................................... {herein "Lender").
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created-, irrevocably grants
<br />and conveys to Trustee, in trust. with power of sate, the following described property located in the County of
<br />Hall . . . . . . . . . . . . ......................... State of Nebraska:
<br />The Narth One Ha7.° (Nz} of Lot One (1), Block Twenty Six (26),
<br />Russell Wheeler Addition to the City of Grand Island, Hall
<br />County, Nebraska.
<br />which has the address of ........ lU3 . South Oak , , , , , , , , , , , , , , , , , , , , , , , ,G_*and Ssland ,
<br />........t'tr...
<br />~soe~~V
<br />Nebraska .....68801 ................ (herein "Property Address");
<br />inp cue ~
<br />TOGETHER with all the improvements now or hereaRer erected on the property, and all easements, rights.
<br />appurtenances and rents (subject however to the rights and authorities given herein to Lender to collect and apply such
<br />rents), all oi' which shall be deemed to be and remain a part of the property covered by this Deed of Trust; and all of
<br />the .foregoing, together with said property {or the leasehold-estate if this. Deed of Trust is on a leasehold) are
<br />hereinafter referred to as the "Property":
<br />To St=CURE to Lender the repayment of the itidebtedttess evidenced by Borrower's note dated ................ .
<br />_ , , , , plgygplbtir..2>:F, , x.982, , , , , , , , , , :rod extensions and renewals [hereof (herein "Note"), in the principal sum of
<br />U.S. S ..... ~.Q2.5.Q.Q4 ............... .with interest [hereon, providing for monthly installments of ri~tcipal and
<br />interest; with-the balance of the indebtedness; if not sooner paid; due and payable on ..December . 1, ,1~9b . , , , _ .
<br />the payment of all other sums, with interest thereon; advanced in accordance herewith to protect the security of this
<br />Deed of Trust; and the performance of the covenants and agreements of Borrower herein contained.
<br />Borrower covenants .hat Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and
<br />conYey_the-Property, and-that the Property is unencumbered, except for encumbrances of record: Borrower wvenants
<br />that Borrower warrants. and will defend generally the title to the Property against all claims and demands, subject to
<br />nneumbcarices ot'record:
<br />U~iFORM CovErvnnTS. Borrower and Lender covenant and agree as follows:
<br />1, Past o[ Prinelpal_ and Inlei~est. Borrower-shalt promptly pay when due the principal- and interest
<br />incleb#edness.evidxn~d by the Note and late charges as provided iu the Note.
<br />2 FtapsL4,f9x'f'az#s attd IttEUCaaCC.. Subject to appticable law or a wriften waiver by Lender, Borrower shall pay to
<br />I;gndrr on ttag day monthly payments of principal and interest-are payable under the Note, not+! st;e Note is paid
<br />in foil, alum (herein "Funds"I equal to nneatvelfth of the }'early taxes and assessments (including ~omininm and
<br />plartncd ttnitt develcaptnent assessments, if any} which may attain priori[y Duet this lleed of'frust, and ground rertts on
<br />the- Pivperty, if any, piux,one•twelith o[ yearly premium ittstalltnents for hazard insurance, plus onc-[wetfth of yearly
<br />prettrium. it4sfallments-for- mortgate insurance, if any, all tts reasonably estimated initially and -from time to Iinte try
<br />t,~cier tan the basis.of assesstne:eta and huts and reasonable ~timares thereof. Borrower shall mil be obligated to make
<br />stu;#kpaYme!sis of Puteds to Lenderto ttteexsentthat 13orttswer makes such-payments 10 rite holder of a prtor mortgage or
<br />deed+rf bust it'xueh hwkfcr is au institutioa+t) lender.
<br />~~~irUrttt t±sPRUV£lt~nt.,.; s4a titW,uf18lkWa~ltE~LlNBteYMtff[
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