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DEED OF TRUST 86- 102923 !q `8 D OF U SAL °IGE M K A SINGLE PERSON day of June atttoag theTfttitOr, Theresa" '�• ARENO R. EAACKLATTORNEY AT LAW (Mere6► "Tnwae•7. and the BwieAciaty, NOME FEDEIIAL SAYINGS i LOAN ASSOCIATHM OF (IRMO isLAND, HE icorvoradoe otsadaad and admire under the NE laws of SlIASKA whole address is 221 SOUTH LOCUST F. O SOX HE - SAND =NLAIId - NE MMZ, [haeiu..,.). BORROWER; is comideratioa of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with pore, of sale. the following described property located in the county of —Hall Sate of Nebtslika: ALL OF LOT FIVE (S) EXCEPT THE NORTHERLY SEVEN (7) FEET IN BLOCK TWENTY TWO (22) OF SCARFF'S ADDITION TO WEST LAWN, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA whichhastheaddressof 1604 North Kruse Grand Island T (STREET) Nebraska 68803 _ (herein "Property Address"); (STATE & ZIP CODE) TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents (subject however to the rights and authorities given herein to Leader to collect and apply such rents), royalties, mineral, oil and gas rights and profit`, water, water rights, and water stock, and all fixtures now or hereafter attached to the property, all of which, including replacements and additioes thereto, shall be deemed to be and remain a pan of the property covered by this Deed of Trust; and all of the foregoing, together with said property (or the ksehold estate if this Deed of Trust is on a leasehold) are herein referred to as the "Property "; TO SECURE to Lender (a) the repayment of the indebtedness evidenced by borrower's note dated . Jane 3. 1986 0wrein °Now "bintheprincipdsumof TWENTY FIVE THOUSAND FIVE HUNDRED DOLLARS AND NO /100 _: Dollars adds ialereat thereon, ftroviding for mondilY installments of principal and interest, with the balance of the indebtedness, if not sootier paid, due and payable oa J e 1 y 1. 2001 the payment of all other sums, with interest tilmon, advanced m accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and agreenseas of Borrower herein contained. and (b) the repayment of any future advances, with interest thereon, made to Borrower by Lender pursuant to paragraph 21 hereof (herein "Future Advances "). Borrower tpveasata that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property, that the Property is unencumbered. and that Borrower will warrant and defend generally the title to the Property against all claims and danuattda. It!" to a" dadwalim. easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy W@W tlg Leader's iniarm in the Property. UNMORIM COVENANTS. Brower and Leader covenant and agree as f ollows: 1. Poy of 1101 n tad talwaa6 Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced bf On N W propayatau and lase chergra as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed of Task. L In" for Titttaa and Itttanaaea. Subject to applicable law or to a written waiver by Lender. Borrower shall pay to Lender on the day ono t irate RM" of principal and internal are payable under the Note, until the Note is paid in full. a sun: (herein "FLtiefs ") equal to one. twdit esf dw yearly thaw and aY"aftents which May attain priority ova this Deed of Truest, and grouted rents on the Property. if any. plus one - tow t of ysarb pnpalaw itwalmsms for hazard insurance. plus wse -twelfth of yearly premium itutallwasts for mortgage insurance. if any, all All rwwa&My sabers meal iwOmRy and front cane to bate by Laider on the balls of auasn"s std brills and reasonable estimates thereof. The MI N& Haag be held in an inrlau ion the dgwais or accounts of which are insured at guaranteed by a Federal or sate agency (including Lender It Leader is sw* an Itaetatioal. Lade shall apply the Funds to pay said taxes, assasrueats, Insurance premiums and ground tent[. tAsdw `say act dMWV for so buiding and aPPly n the Funds, atialYttit* said account or ve n(yino and t "omPbna said uaestniQtts anal L +hie, taaleaa Latsdar pullers Borrower t oa the Ptiadnt err Vpkable jaw permits Lender to nuke such a th&WL. Borrower and Lender ma], agree to writing 01 [Huai rime of execution of nets Dead tit T +tat .at interest "the Funds shall be paid to Borrower. snd unksc sus h sateement as evade or