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DEED OF TRUST 86-- 102172
<br />THIS DEED OF TRUST is made this 1st dad of May
<br />am
<br />1986 ongthsTrustor, GERALD L. HEHNKE AND CHARLENE A. HEHNKc, husband and wife _
<br />tlserein "Borrower ">, AREND R. QAAACK, ATTORNEY AT LAW
<br />(herein "Trustee "), and the Beneficiary. HONE FEDERAL SAVINW A LOAN ASSOCIATION OF DRANO ISLAND, NE
<br />a oarportlion ordered and existing under the laws of NEBRASKA whose address is _ _221 SOUTH LOCUST, P. O. SOX 1001
<br />O PAND ISLAND, NE IBM (herein " Leader ").
<br />BORROWER, in eca>H�derration 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 located in the County of HALL
<br />State of Nebraska:
<br />SEE EXHIBIT "A" HERETO ATTACHED.
<br />The Rider to the Deed of Trust which is attached hereto and executed on the same day
<br />is hereby incorporated into the mortgage. The Rider shall amend and supplement the
<br />covenants and agreements of this mortgage as if the Rider was a part thereof.
<br />2505 E. Seedling mile; 408 N. Grace;
<br />which has the address of qfi 7 III nle 1 ahpma x_11? Li '
<br />fSTREET) (CITY)
<br />NPhrA,z ca RRRM (herein "Property Address ");
<br />(STATE & ZIP CODE)
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents
<br />(subject however to the 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 futures 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 estate if this Deed of Trust is on a leasehold) are herein referred to as the "Property";
<br />TO SECURE to Lender (a) the repayment of the indebtedness evidenced by Borrower's note dated may 1, 1986
<br />(herein "Note "),in Use principal sum of ONE HUNDRED SEVENTY FIVE THOUSAND AND NO /1DD ----- - -- - - - -- _Dollars
<br />with interest thereon, providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid. due
<br />and payable on may 1, 1996 _
<br />;the payment of all other sums,
<br />with interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the performance 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 ").
<br />Borrower covenants that Borrower is lawfully seised of the 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 the Property against all claims and
<br />demands, subject to any declarations, easements or testrictions 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. Tayatamt Of trimelpi amt interest. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note. Prepayment and We dtargta as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />of Trent.
<br />2. Farb for Tames and Immmace. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to lender on the day
<br />nx t NY imstaliments of principal and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds ") equal to onc-
<br />twelfth of the yearly taxes and assessments which may attain priority over this Deed of Trust, and ground tents 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 shall be held in an institution the r.
<br />deposits or accounts of which are insured or gurrantetd by a Federal or state agency Iinduding W
<br />Lender If Leader is such an institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents
<br />Leada may not charge for so bidding antl applying the Funds, analyzAng said account or ticrifying and compiling said assessments :std ",.Its,
<br />sunless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a �hargr. liar ruacr and I ender ma> agree m
<br />whiting at tint name of executrtm arf this lyedl :a! Trust that interest nn the I -unds shall he paid to Nnrowcr. and unles, "i ti dg:cen:cnt as made o; _^
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