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DEED OF TRUST
<br />8G- 104264
<br />day of July
<br />a oorpormon orpeixed and existing under the laws of NEBRASKA whose address is zn awn n L%AAFst , r. v. aver rw.,
<br />OPAND N AW NE f1//OZ (herein "Leader').
<br />DMOWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee,
<br />in trust,whh power of sak, the following described property located in the County of HALL
<br />Stile of Nebraska:
<br />E8' OF S58' OF LOT 6 & S76.5' OF LOT 7, ALL IN BLOCK 73, IN WHEELER AND
<br />BENNETT'S THIRD ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />which has the address of 218 West 14th Grand Island
<br />(STREET) (CITY)
<br />Nebraska 68801 -(herein "Property Address ");
<br />(STATE R 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 tights and
<br />profit, 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 rep�� meat of the indebtcdness evidenced by Borrower's note dated July 30 1986
<br />(herein "Note"), in the principal sum of FIFTEEN THOUSAND AND NO/ 100-------------------------- ---- -- Dollars,
<br />with interest thereat, providing for monthlyy installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />and payable on Au gu S t 1, L 001 ; 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 />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 tide insurance policy
<br />insuring Lender's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1, iayast of p'•rhdpl mad Iasereet. 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. FtsMs for Truer aM bowman. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day
<br />moably iMtalh aents 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 tad assessments which may attain priority over this Deed of Trust, and ground rents on the Property, if any, plus one-
<br />twelfth of yearly premium installments for huard insurance, pits one - twelfth of yearly premium installments for mortgage insurance. if any, all
<br />as reasonably estimated 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 or guaranteed by a Federal or state agency (including
<br />Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents.
<br />tender may not charge for so holding and applying the Funds, aaalyxing said account or verifying and compiling said assessments and bills.
<br />unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and I endet may agree ice,
<br />writing at the time of execaticm of this Egad of Trust that interest on the Funds shall be paid to Borrower, and unless such agrecmcm is made er
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