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<br />DEED OF TRUST $s-- 104320
<br />THL4DEEDOFTRUSTis madethis 2Qth dayof July
<br />!9_86 &mondwTnUW, A� RL MARTIN MERRITT AND LO[iA. MERRITT, husband ami wife
<br />(haoie'•socrower "), MMO L MACK, ATTOMEY AT LAW '
<br />(baein'"Pruaee "), and the Beneficiary, HOME . Pbi;DE11AL SAVWW & LOAN ASGOCIATM ' OF'' OIIANO MAW- ME
<br />a corporation or need and ahting under the laws of NNRA:KA whose address is 221 SOUTH LOCtIiL P. O. DOX 1000,
<br />QFAW MAW NE 00002 (herein "Lender'
<br />BORROWER, is consideration of the indebtedneu herein recited and the trust herein created, irrevocably grams and oosveys to Trustee,
<br />is true, with pourer of sak, the following described property located in the County of HALL
<br />Stale of Nebnska:
<br />LOTS NINE, (9), TEN (10), ELEVEN (11), AND TIIELVE (12), IN BLOCK THREE (3), "FIFTH
<br />ADDITION TO CAIRO.'r
<br />which has the address of 615 Thebe, Cairo
<br />(STREET) (CITY)
<br />Nebraska 66824 (herein "Property Address ");
<br />(STATE dt 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 Lender (a) the repayment of the indebtedness evidenced by Borrower's note dated July 28, 1986
<br />(herein "Note"), in the principal sum of TEN THOUSAND ONE HUNDRED EIGHTEEN AND 50/100 ---------------
<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 11 1991 ; 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 title insurance policy
<br />insuring Lender's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as fol lows:
<br />1. hymeal of hloelpl nd IaNeseet. 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 True.
<br />2. F=& for Tana mW Immrsaam. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day
<br />monthly installments 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 premium installments for hazard insurance, plus 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.
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<br />The Funds snail be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />Leader if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents.
<br />Lender may not charge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and hilts,
<br />unless lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender may agree in
<br />writing at the time of execution of this Deem of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made or
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