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<br />DEED OF TRUST $6- 1051$
<br />THIS DEED OF TRUST is made this 15th �y SEPTEMBER
<br />19 86 among theTrttstor, DENNIS H. J K 8 AND J NiS P. dAK flUSB ND AND WIFE
<br />(herein °Borrower "), MMO R. SHACK, ATTORNEY AT LAIN
<br />(herein "Trustee"). and the Beneficiary, NOME RM IAL SAVHM A LOAN ASSOCIATION OF GMND M MI% NE
<br />a seepitntion organized and esistiog under the hews of IgMM" whose ads% esa u 321- SOIITN LOCUST, P. O �l 100R
<br />GRAND HUMD, NE MMIq (herein "Lander ").
<br />BORROWER, in consideration of the indebtedness bade recital and the trust herein createe krevocably grMnls;atd ooaneysio Tits +tee,
<br />in trust, with power of sale, the following described property Incited in the County of HAdescribed
<br />State of Nebraska:
<br />LOT THIRTEEN (13), IN BLOCK TWO (2), LAKE DAVIS ACRES SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />which has the address of 4414 Calvin Drive Grand Island
<br />(STREET) (CITY)
<br />NEBRASKA 08801 there ••
<br />(STATE & ZIP CODE) Property Address");
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurneamcss, rents
<br />(subject however to the rights and authorities given herein to Lender to collect- and apply such rents), royalties, mmeral, air and gas rights and
<br />profits, Rater, water rights, and water stock, and all fixtures now or hereafter attached to the property, all of which, indtding replocements and
<br />additions therero, shall be deemed to be and remain a part of the property covered by this Decd 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 9 -15-86
<br />( herein "Note "),in the prithcipatsumof Nine Thousand Three Hundred Fifty Nine & 82%100--- - - - - -- Doi}ars.
<br />with interest thereon, providing for monthly installments of principal and interest, with the balance of the a debtedoess, if not sooner paid, due
<br />and payable on September 15, 1988 _ & 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 f.enciff
<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 tight to grant and convey the Property,
<br />that the Property is un encumbered, and that Borrower will warrant and defend generally the title to the Property against all dsims 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 Leader's interest in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />I. Tgesaat of Prladgal had 10imst. Borrower shall promptly pay what due the principal of and interest on the indebtedness evidenced
<br />by the Note, prepayment and late charges as provided the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />Of Trust.
<br />2. Fads for Tana said to anaee. Subject to applicable law or to a written waiver by Lender, Harrower shad pay to Leader 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 tads on the Property, if any, plus one-
<br />iwdith of yearly Premium installments for hazard insurance, plus one-twelfth of yearly pmmium installments for mortgage insurance, if any, all
<br />u reasonsbly estimated initially and from time to time by Lender on the bads of asse uments and bills and reasonable esdmates thereof.
<br />The Funds shalt be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (tmdudiog
<br />Lender if lender is such an institution). Lander shall apply the Funds to pay said taus, 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 Mad bills,
<br />unless Lender pays Borrower interest on the Fends and applicable law permits Lender to make such a charge. Borrower and Leader may agree in
<br />writing at the time of execution of this Dad of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made or
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