|
DED► OF TRUST 85-- 103516
<br />TMMDOFTRUSTa Oak this 30th day of June
<br />ly, i _, Truscor, JEROME F. LYONS AMID JERRILYNW K. LYONS, husband and wife
<br />"Borratuer'7, AREM R. SAACK, ATTORNEY AT LAW
<br />(btireia °'lktutda "}. snd the 8enetitdary. HOME "MMAL sAVINOS R LOAN AUKK3ATHM OF GRAND ISLAND, HE
<br />a aorparadou orpdzed and exapag under the laws of NEST WA .hose address is 221 SOUTH LOCUST, P. O. SOX 1008,
<br />,GUANO @ AN_D ME d8802 (herein "Lender ").
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee,
<br />of sale, the followins described property located in the County of _ HALL
<br />is trues. Tech power -- '
<br />Sate of Ndiraske
<br />SOUTHERLY THIRTY SIX (36) FEET OF LOT NINE (9), AfM THE NORTHERLY TWENTY FOUR (24) FEET
<br />OF LOT ELEVEN (11) , BLOCK TllFPJTY FOUR (24), UNIVERSITY PLACE, AN ADDITION TO THE CITY OF
<br />GRAD ISLAND, HALL COUNTY, NEBRASKA.
<br />which has the address of 1512 N. cu5ter Grand' I51ano --
<br />(STREEII (CITY)
<br />Nebraska 66BO1 _ _(herein "Property Address");
<br />(STATE dr. ZIP CODE)
<br />TOGETHER with an the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents
<br />(subject however to the rights and authorities given berm 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 therein, shall be deemed to be and remain a part of the property covered by this Deed of Trust; and an of the foregoing, together with
<br />said property (or the leasehold estate if this Dead 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 30 1996
<br />(herdn "Note"), in the principalsttmof THIRTY FIVE THOUSAIIL'i AND NQ/ 100--------------------- - - - - -- iionars,
<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 July 1, 2001 ; 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 />parmea 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, subjm to any dedanuim% tauseeestts or restrictions listed in a schedule of exceptions to coverage in any tide insurance policy
<br />Insuring Lender's interat in the Property.
<br />UNWORM COVENANTS. Borrower and Leader covenant and agree as follows:
<br />1. Ih»msae sip MW' , r. Borrower shall promptly pay when dux the principal of and interest on the indebtedness evidenced
<br />by the Note. prepayment and lase td wps as provided in the Note. and the principal of and interest on any Future Advances secured by this Deed
<br />of Trot.
<br />I 1pla— tne'lha@t asi lamenea. Sabject to applicable law or to a written waiver by Lender. Borrower shall pay to Lender on the day
<br />as eddy iaNaYtlseafs of principal and interest are payable under the Note, until the Note is paid in full, a sum (haain "Funds") equal to one•
<br />t twdf* of the yearly Mae and aeeasmentt which may attain priority over this Dead of Trust. and ground reata on the Property. if any. plus —
<br />t-- twdith of yearly preat(tam Installments for hwatd insurance. plus onatwelhh of yearly prams um installments for mortgage insurance. of any, all
<br />as raewaabl astinMaad Initially sad from time to tiara by Lander rah the basis of assessments and bills and reuonable estimates them(.
<br />The PYSis shall be bead is as instuutdoa the deposits err accounts of which are insured or guaranteed by ■ Federal or state agency tincludins
<br />Leader It Leader is sueh as institutfatt). Leader shin apply the Fluids to pay saint taxes, wessmtatu. insurance premiums and ground rents
<br />Lai tr asay not dwSe for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments anal N115,
<br />umisaa Leader pays Borrower interest on the Fluids mad applicable law permits Lender to make such a charge Horrowsu and lender may agree in
<br />writing at the tbm of earcu Lion of this Deed of Trust that Interest on tht bunts %hall be pad to Borrower, and unless euch ngreanent t, stale or
<br />
|