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DEED OF TRUST
<br />5 DEED OF TRUST is made this 11th day of Jul
<br />MINNA`. I _ C, FP- +t tnmarri eni
<br />ID ISLAND, NE
<br />a N MY 4"
<br />140, NE SW2 (herein "Lender")
<br />ER, in consideration of the indebtedness herein recited and the trust herein cr atVrrevocably grants and conveys to Trustee,
<br />x of sale, the following described property located in the County of
<br />LOT TIM (2), BLOCK NINE (9), GILBER.T'S ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
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<br />which has the address
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<br />Nebraska 66801 _ (herein "Property Address ");
<br />(STATE & ZIP CODE) L
<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 Lender (a) the repayment of the indebtedness evidenced by Borrower's note dated July 11, 1986
<br />(herein "Note"), in the principal sum of SEVENTEEN THOUSAND AND N0/ 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 />and payable on August 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 />purswat 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 />imuriag Lender's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Tayiml of Mndpl said IaMfat. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note, propaymeat and late charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />of Trim.
<br />2, fame for Tate sad lass rsasm. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day
<br />montitiy installments of priaapai and interest are payable under the Note, until the Note is paid in full, it sum (herein "Funds ") equal to one -
<br />twefftb of the yearly taxes and assessments which nay attain priority over this Deed of Trust, and ground rents on the Property, if any, plus one -
<br />twtdith of yearly premium installments for hawd insurance, plus one twelfth of yearly premium installments for mortgage :nsuranr e, if any, all
<br />as reasoniably, eftiesatted initially tad 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 inautution the deposits or accounts of which are insured or guaranteed by a Federal or state agatcy tincluding
<br />Leader If Lenda is such on institution). I.enrla shall apply the Funds to pay said taxes, assessments, tnsutance premiums and ground rent.
<br />IAut ttf may nor chtuge for so holing and applying the Funds, anaiyring said &"cunt or .erifvins and compiling said assessments and bills,
<br />uneb Lender pays Borrower interest dm the Funds and applicable law permits Lender to make i"It a charge. Ittlrrtlwet and l ender may agree in
<br />writipgat the true (,4 e*wutkm of tht s fltr oi'Trust that tntetcst on the Funds shall he paid to florrowet, and unless suth agcremrnt is nxsde .x
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