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DEED OF TRUST 104391
<br />IS DEED OF TRUST ismadethis 5th da of August
<br />t9 8 ,amoM,I Trtutor, TERRY L LIENEMANN AND HOPE M. LIENEM AA N. HUSBAND AND WIFE
<br />(herein "Borrower"), AREND FL BAACK, ATTORNEY AT LAW
<br />(herein "Trustee'), and the Beneficiary, HOME FEDERAL SAYINGS i LOAN ASSOCIATION OF GRAND ISLAND, HE
<br />a corporation organized and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST P O. SOX 100
<br />GRAND HKAND, NE SM2 (herein "Lender ")
<br />BORROWER, in 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 />State of Nebraska:
<br />PART OF LOT EIGHTEEN (18) OF THE COUNTY SUBDIVISION OF PART OF THE SOUTH HALF (s0 OF
<br />SECTION FIVE (5), IN TOWNSHIP NINE (9) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M.,
<br />HALL COUNTY, NEBRASKA, NOW IN THE VILLAGE OF DONIPHAN, NEBRASKA, MORE PARTICULARLY
<br />DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHWEST CORNER OF LOT FOUR (4), BARTELT'S
<br />SUBDIVISION IN THE VILLAGE OF DONIPHAN, NEBRASKA, THENCE RUNNING WEST A DISTANCE OF
<br />ONE HUNDRED FORTY -TWO (142) FEET TO THE SOUTHWEST CORNER OF LOT ONE (1), SAID BARTELT'S
<br />SUBDIVISION; THENCE RUNNING SOUTH ON THE EAST LINE OF CHURCH STREET IN SAID VILLAGE OF
<br />DONIPHAN A DISTANCE OF SEVENTY -FIVE (75) FEET; THENCE RUNNING EAST A DISTANCE OF ONE
<br />HUNDRED FORTY -TWO (142) FEET TO THE SOUTHWEST CORNER OF SAID LOT FOUR (4) THENCE RUNNING
<br />NORTH ON THE WEST LINE OF SAID LOT FOUR (4) A DISTANCE OF SEVENTY -FIVE (75) FEET TO THE
<br />POINT OF BEGINNING AND CONTAINING 0.244 ACRES MORE OR LESS.
<br />which has the address of 321 Church Street Doniphan, NE 68832
<br />(STREET) (CITY)
<br />(herein "Property Address ");
<br />(STATE & ZIP CODE)
<br />TOGETHER with all the imps vements 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 August 5. 1986
<br />(herein "Note"). in the principal sum of Twenty Eight Thousand Five Hundred and no /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 September 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 />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. hyatteaf of PrisKW and Interest. 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. Faimb for Tax" and Itraratree. 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.
<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 />Lender may not charge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments an,! hills.
<br />unless Lender pays Borrower interest on the Funds and applicable law permits lender to rnake such a charge. Borrower and Lender may agree in
<br />writing at the time of execution of this Deed of Trust that interest on tine Funds shall he paid to Borroaer, and unless such agreenteat is made or
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