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<br />86-... 101487
<br />Loan No.: 68041 -1 -18
<br />THIS IIEID OF TRUST is made this 27th day of March 1986,
<br />among the Tiustor, CHARLES A. CANiREIZ-W JOYCE E. CANTRELL, and
<br />wife, (herein "Borrower"), JOSEPH H. BAMU , Attorney -at -Law, (herein
<br />"Trustee"), and the Beneficiary, FIRST FEDERAL SAVINGS AMID WAN ASSOCIATION
<br />OF LINCOLN, a corporation organized and t ng under the laws of
<br />'mite ates of America, whose address is 1235 "N" Street, Lincoln,
<br />Nebraska 68508 (herein "Lender ").
<br />Borrower, in consideration of the indebtedness herein recited and the
<br />trust herein created, irrevocably grants and conveys to Trustee, in trust,
<br />with power of sale, the following described property located in the County
<br />of Hall, State of Nebraska:
<br />Lot Eight (8), in Block Four (4), in John Voitle's Addition to the
<br />City of Grand Island, Hall Canty, Nebraska.
<br />which has the address of 622 East 8th Street, Grand Island, Nebraska,
<br />(herein "Property Address ");
<br />TOGETHER WITH all improvements now or hereafter erected on the
<br />property, and all easements, rights, appurtenances, rents (subject,
<br />however, to the rights and authorities given herein to Lender to collect
<br />and apply such rents), royalties, mineral, oil and gas rights and profits,
<br />water, water rights, and water stock, and all fixtures now or hereafter
<br />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
<br />covered by this heed of Trust; and all of the foregoing, together with said
<br />property (or the leasehold estate if this Deed of Trust is on a leasehold)
<br />are herein referred to as the "Property ";
<br />TO SECURE to Lender the repayment of the indebtedness evidenced by
<br />Borrower's Note dated of even date herewith (herein "Note "), in the
<br />principal sum of THIRTY SIX THOUSAND AND NC/100 DOLLARS ($36,000.00) with
<br />interest thereon, providing for monthly installments of principal and
<br />interest, with the balance of the indebtedness, if not sooner paid, due and
<br />payable on April 1, 2001; the payment of all sums, with interest thereon,
<br />advanced in accordance herewith to protect the security of this Deed of
<br />Trust; and the performance of the covenants and agreements of Borrower
<br />herein contained.
<br />Borrower covenants that Borrower is lawfully seized of the estate
<br />hereby conveyed and has the right to grant and convey the Property, that
<br />the Property is unencumbered, and that Borrower will warrant and defend
<br />generally the title to the Property against all claims and demands, subject
<br />to any declarations, easements of restrictions listed in a schedule of
<br />exceptions to coverage in any title insurance policy insuring Lender's
<br />interest in the Property.
<br />Borrower and Lender covenant and agree as follows:
<br />1. PAYMWr OF PRINCIPAL AND INTEREST: Borrower shall promptly pay
<br />when due the principal ot and nterest on t indebtedness evidenced by the
<br />Note, prepayment and late charges as provided in the Note.
<br />2. FUNDS KR TAXES AND INSURANCE: Subject to applicable law or to a
<br />written waiver by Lender, Bor rower sal pay to Lender on the day monthly
<br />installments of principal and interest are payable under the Note, until
<br />the Rote is paid in full, a sum (herein "Funds"', equal to rnx- twelfth c l-
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