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DEED OF TRUST 86� 1049075 THIS DEED OF TRUST is made this day of �p�f am�ar ay $6 . among theTrustor, _ dBIAREND R. BAACK attorn {herein "Bottower "), (herein -Trustee "), and the ffestefictuy. HOME_ FEDERAL SA UGS A 40AN ASSOCtA710N OF fiRX1iD }SLIIfiiD HS torporation organized and existing under the laws of, N A whose address Is SfiiUTH LOCUST P. D. d3RAND ISLAND NE 6 (herein " !.ender ") - gpRROWrER, in consideration of the indebtedness herein , reared and, the trust herein created; irrevocably greats atxi onnveye t4 Trusfec, t>�t; oit,_with power of sale, the following described property loeattd is the County of HALL State of- Nebraska-LOT ONE (1), BRACH'S THIRD SUBDIVISION IN THE CITY OF GRAND ISLAND, NEBRASKA. 1314 South Harrison Road Grand island which has the address of (STREET) {CITYZ Nebraska 68803 (herein "PropertyAddreu "); (STATE dr ZIP CODE) TOGETHER with all the improvemasts now or hereafter erected on the property, and all casements. rights, appurtenances. rents (subject however to the rights and authorities given herein to Lender to cotlat and apply such rents), royalties mine[al. uirl and gas rights rend profits, water, water rights. and water stock. and all fixtures now or hereafter attached to the p +-party, all of which. induding and additions thereto. shall be deemed to be and remain a pair of the property covered by this Drat of Trust; and all of the foregoing, togcder with said property (or the leasehold estate it this Deed of Trust is on a leasehold) are herein referred to as the "Property "; September 2 1986 TO SECURE to Leader (a) the repayment of the indetutedasss evidenced by Sarrowe's note data! -- - -- -_ ---< (hrereia "Note "), in the principal sum of TWENTY SIX THOUSAND AND Nfl1100--------------- with interest thereon,p�roviding for monthly installments of principal and interest, with the balance of the tndemedness. if not sooner paid, dut and payable on UC to ber 1 2001 the payment of an other swan. with interest thereon, advanced in accordance harewtth to protect the securffy of this Deed of Trust; and drc performance of the covenants and agreements of Borrower herein contained; and (b) the repayment or Say future advances. with interest thereon, made to Borrower by Leader pursuant to paragraph 21 hereof (herein "Future Advances "). Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey cep and that the Property is unencumbered. and that Borrower will warrant and defend gencrally the Wit to the Property against demands. subject to any declarations, easements err restrictions listed in a schedule of accptiaRS to coverage in any title insurance policy insuring Leader Interest in the Property. UNIFORM COVENANTS. Borrower and Lender covenant and agree w en du s: 1. psymeat of Pidedpal and latery a. Borrower shall promptly Pay when due the principal of and interest on the index tcdnessevxirnced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest on any Future Advances & --=led by this Deed or Trust. 2. Funds for Taus act/ lna rem. Subject to applicable Jaw or to a written waiver by Lender. Borrower shall pay to Lender on the day taonthly installments of principal and imeto are payable under the Note, until the Mote is paid in full. a sum (herein ' `Fusuis ") equal to one- twelfth of the yearly taxes and assessments which may attain priority over this teed of Trust. and ground reau on the. Property. if nay. plus One- twelfth of yearly premium Installments for haurd insurance, plus one,twtlnb of yearly Premium installments for mortgage insurance, if any, all rc reasonably estGnatod initially and from ume to time by tender an the basis of assessments and bills and reasonable estimates thereof The Funds shall be held in an institution thedeposits or accouaq of which are insured or guaranteed by a Federal or state agency (including Leader if Leader is such an institution). Lender shall apply Are Funds to pay said taxes, assessments, insures= prcmiuns and ground rents. 1.eude, may not charge for ss holding cad applying the Funds, analyzing said account or verifying and compiling said assessments and bills, union, Lender pays Bori owe interest on the Funds and applicabl< law permits Lender to Folic such a charge. Borrower and I.Rnder may agree :t' wrturtg at the tame or execauon of this Deed , ,,. rust that Inter(' ern the futnds shall be paid to Borrower, and unless such agreement is made Of