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THIS DE
<br />19_$6 _,atam
<br />DEED OF TRUST 104378
<br />TRUST is made this th day of
<br />�� T
<br />(htxain `•Borrotrer'9. AREND R, MACK, ATTORNEY AT LAW
<br />Owein "Ttusee"), OW the Beaelitiry, HOME 'FEDERAL 'SAYMIOS A LOAN ASSOCIATION OF GRAND ISLAND NE
<br />a corporation orp tined and existing ua r the laws of NEBRASKA whose address is 221 SOUTH LOCUST: P. 0. SOX 10®!
<br />WAND ISLAND. 'NE ISM (herein "lender")
<br />BORROWER, is consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee,
<br />in trust, with power of sale, the following described property located in the County of HALL
<br />1
<br />Sere of Nebraska:
<br />LOT THREE (3) IN LAKE DAVIS ACRES THRID SUBDIVISION, IN HALL COUNTY, NEBRASKA.
<br />which has the address of 462n DpYa (hive (,rand Tcland
<br />(STREET) (CITY)
<br />Nebraska 68801 (herein "Property Address"),
<br />(STATE tit 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 ofSIXTFFN THQUSANII NTNF HIINNRFr] FIFTY AND N01100------ - - - - - -- -Dolly,
<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 At t9u t t 1, 194 ; 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 follows:
<br />1. hytasat of Prhm*W sod faleraL 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, Fogs for Tup sad Imaranee. Subject to applicable law or to a written waiver by Lender. Borrower shall pay to Lender on the day
<br />monthly instalkeents 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 cartes and assessments which may attain priority over this Deed of Trust, and ground rents on the Property, if any, plus one-
<br />L twelfth of yearly premium installments for hazard iusuraace. Phu one - twelfth of yearly premium installments for mortgage insurance, if any, all
<br />asreasonably estimated initially ad 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 Leda is such an institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents.
<br />Letxder may not charge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and hills,
<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 Deed of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made or
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