|
rhder "j.
<br />*Inca bereim rocked and the trust herein created, irrevocably grants and conveys to Trustee,
<br />property located in the County of HALL
<br />State of hVebraal:a:
<br />LOT SEVEN (7) IN BLAUVELT SUBDIVISION, BEING A PART OF THE WEST HALF OF THE SOUTHWEST
<br />QUARTER (*SWI) OF SECTION TWO (2), TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10) WEST OF
<br />THE 6th P.M., HALL COUNTY, NEBRASKA.
<br />which has the address of__ 4312 Blauvelt Grand island
<br />(STREET) (CITY)
<br />Nebraska 68803 — (herein "Property Address -);
<br />(STATE d; ZIP CODE)
<br />TOGETILER 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, on 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 pan 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 Leader (a) the repayment of the indebtedness evidenced by Borrower's note dated July 8 , 1986
<br />Cowan ••Note),in the principal sum of THIRTY NINE THOUSAND SIX HUNDRED AND NO %100 ------ ---- Dollars,
<br />with interest tbereom, providing for monthly, installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />and payee on August 1, 2001 s the payment of all other sans.
<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 />agroasamts of borrower herein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Lender
<br />purse mt to paragraph 21 hereof (herein "Future Advances ").
<br />bOerower uovtoartts that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property,
<br />that the Propotty is useaummbered, and that Borrower will warrant and defend generally the title to the Property against all claims and
<br />demoods, subjaR to any declarations, casements or restrictions Brats in a schedule of exceptions to coverage in any title insurance policy
<br />knistiog tattler's isdarm in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as fothows:
<br />L 1P elstet estl'sittelgi ctrl Islsswt. Borrower shall promptly pay when date the principal of and interest on the indebtedness evidenced
<br />Dy ilte Noes. prig v acts' and We charges as provided in the Note. and the principal of and interest on any Future Advances secured by this Deed
<br />OfTIOL
<br />L Fmir far;Tanntand hrotnMw. Subject to applicable law or to a written waiver by Lender. Borrower shall pay to Lender on the day
<br />esos * istsabeiads of ptiscipal old instarest at payable under the Note, until the Nan is paid in full, a sum (herein "Funds ") equal to one -
<br />twelft of the yearly tow m i sraslataaals which may attain priority ova this Deed of Trust, and ground tents on the Property. if any, pion oae-
<br />rea t4oiyi dy 000* 00 isatallooms for bUwd insurance, plus one twelfth of yearly pretdum bWAnfAents for mortgage insurance, if any, all
<br />at rwroaably aatheslte d isid0y and from dine to time by tender on the basis of assessments and bills and reason ble estimates thereof.
<br />The nude sWl be bed is as institution Ilse deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />Lander N La War r b suds an ins"doo). Leader shells apply the Funds to pay said taxes, assessments, insurance premiums and ground rents.
<br />Lander Lay not Breese for so holttlng and applying the Funds, anahyring said account or verifying and compiling said assessments and bills.
<br />wdw Ltrodw PM bor"now hatereat tea else Funds and applicable taw permits Lender to make such a charge. Borrower and Lender may agree in
<br />writing at flit base of wcut au of this head of Trust that interest on the Funds shill be paid to Borrower, and unim% such agreement is made or
<br />
|