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which has the address of 109 -111 N. Elm grand island
<br />(STREET') - -- (CITY)
<br />Nebraska 68801 (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 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 (or the leasehold estate if this Deed of Trust is on a leasehold) are herein referred to as the "Property ";
<br />TO SECURE to tender (a) the repayment of the indebtedness evidenced by Borrower's note dated j ul y 11, 1986
<br />(herein "Note "),in the principal sum of TWENTY SEVEN THOUSAND AND NO/ 100------------------- ------ 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 />OW payable on August 1, 2001 ; the payment of all other sutras,
<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 restrictions 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, PSYM rl of lrismlpal aai Interest. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, prepayment and late 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. FW& for Tam mill larwoace. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day
<br />moetbly irmallmanls of principal and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds") equal to one-
<br />twelfth of the yearly taxes and assessments which may attain priority over this Deed of Trust, and ground rents on the Property. if any, plus one-
<br />twelfth of yearly preanium installments for hazed insurance, plus one - twelfth of yearly premium installments for mortgage insurance, if env, all
<br />as reasonably esdtnatad 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 deposits or accounts of which are insured of guaranteed by a Federal or state agency (including
<br />Leader if Lender is such an institution). fender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rants
<br />Leader may not charge for so holding and applying the Funds, analyzing said account or verifying and cornpiling said assessments and Bills,
<br />unless Leader pays Borrower interest on the Funds and applicable law permits Lender to make such a charge Borrower and i_ender may agree ui
<br />writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to Borrower, and unless sui h agreement ii made or
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