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DEED OF TRUST 86-- 10347
<br />THIS DEED OFTRUSTamadethis 19th day of June
<br />19 (36,attmwdwTrinw,CAROLE E CARPENTER AND RICHARD L CARPENTER wire and husband
<br />(herein "Borraurer'q, AMID R. dAACk ATTORNEY AT LAW
<br />(herein - irmtee"). sail the Beneficiary, HOME FEDWIAL SAYINGS & LOAN ASSOCIATION OF GRAND ISLAND HE
<br />a corporsAm orsaoiaed sad custm msder the laws of NEBRASKA whose address is 221 SOUTH LOCUST, F. O. DOX 100,
<br />fiPJM ISLAND, NE OBOiZ (herein "Lwsder" ).
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee.
<br />is trust, wkh power of sale, the following described property located in the County of HALL
<br />State of Nebraska:
<br />LOT THIRTY —FOUR (34) IN HIDDEN LAKES SUBDIVISION NUMBER FOUR (4), HALL COUNTY, NEBRASKA,
<br />which has the address of -ind I Akpsirip nrivp Grand Island
<br />(STREET) (CITY)
<br />Nebraska 68801 (herein "Property Address ");
<br />(STATE A 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 Fixtures 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 for 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 June 19_ -1986
<br />( basin "Note "),in the principal stmt of FIFTY THOUSAND AND NO /100------------------- - - -- -- - -- Dollars,
<br />with interest thereon, providing for monthly installments of principal and interest, with the balance of the indebtedness, if no sooner paid. due
<br />and payable on June 19 1991 ; the payment of all other sums,
<br />with interest t hereon, 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 restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />insuring Lender's interest in the Property. 11 ,
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />I. For of FrreMal said Inowe t. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, prepayment and IM charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />of Trust.
<br />2. 1Fuai tee Tana stall harass. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day
<br />nwWJ y hytelneots of principal and interest are payable under the Note, until the Noe is paid in full, a sum (herein "Funds ") equal to one-
<br />twelfth of the yearly tames and aunimeau which may attain priority over this Deed of Trust, and ground rent, on the Property. if any, plus one -
<br />twelft of yearly premium installments for heard insurance, plus one - twelfth of yarly premium installments for mortgage insurance, if any, all
<br />a reasonably emimsaed initially and. from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />Tito Funds shall be Mid at an institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />Leader if Leader is such an institution). Leader shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents.
<br />Lender may not dirge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and gills,
<br />unless Leader pays Borrower mt~ on the Funk and applicable law permits Lender to make such a charge. Borrower and Lender may agree in
<br />writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made or
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