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I
<br />DEED OF TRUST
<br />20tH
<br />]s 86 �qu1 , DoonaldyR. Deitemever and Marilyn L. Del
<br />nrr.44aftriemm 'i CIO , IL, SAW W — ATE
<br />Octobet
<br />IIORitd1YBR. � oo�aftltios o[tMsiaMblMaas Mwaiti i<aeiMd aid the ttttrt baaia traaied, itrevocaldy Rttttts sad ootwaye to Tettrtae,
<br />its tart. with pow r of rate, IM farowig dtsa Reed in"Uty located to the County of Hall
<br />stateofNsbra ks:
<br />Parcel # 1: The South Half of the Northeast Quarter of the Southeast Quarter
<br />(S 1/2 NE 1/4 SE 1/4) of Section Three (3), Township Nine (9) North, Range Ten
<br />(10) West of the 6th P.M. in Grand Island, Hall County, Nebraska.
<br />Parcel # 2: Lots One (1), Two (2), Three (3), Four(4), Five (5), Six (6),
<br />Seven (7), Eight (8), Nine (9), Eighteen f18), Nineteen (19), Twenty (20)
<br />Twenty One (21), Twenty Two (22), Twenty Three (23), Twenty Four (24), Twenty
<br />Five (25), and Twenty Six (26), Pioneer Acres Subdivision, Hall County, Nebraska.
<br />which has the addmuof RR # 1, Box 210 Doniphan
<br />(sTREE'17 (CITY)
<br />Nebraska 68832 (berm "PtoperprAddress");
<br />(STATE &ZIP CODE)
<br />TOGETHER with all the iaoprovesems sow or hereafter crated on the property. and all wexams, rights, appuium rom. rents
<br />(subject however to the rights and mabormes given herein to Leader to collect and apply such rents). royalties. rameral, alt and on rights and
<br />profits, water, wader rights, and water stock, and all fixtures now or hereafter attached to the property. all of which, including replacements and
<br />additions thereso, shall be dammed to be and remain a pact of the property covered by this Deed of Trust; and all of the foregoing. together with
<br />said property (or the leasehold emote if this Deed of Trent is on a leambold) we herein referred to as the "Property ";
<br />TO SECURE to Leader (a) the repayment of the indebtedness evidenced by Borrower's note dated October 20. 1986
<br />( herein •`Note "),iodwprfscipdsumof FORTY EIGHT THOUSAND, FIVE HUNDRED AND NO /100------- ---- -- Dollars,
<br />with interest thereon, pro+ndiog for monthly instaBomms of principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />and payable on NostwnhPr 1. 2001 ; the payment of an other suns,
<br />witb interest thaeno, advanced in accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and
<br />agreements of Borrows herein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Lender
<br />pursuant to paragraph 21 hweof (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 tmmeumbered, and that Borrower will warrant and defend generally the tole to the Property against all claims and
<br />demands. subject to arty declarations, easements of restrictions listed in a schedule of exceptions to coverage in any tide insurance policy
<br />insuring Lender's faterest in the Property.
<br />UNIFORM COVENANTS. Borrower and Leader covenant and agree as follows:
<br />1. Payassot at irisdpl mod' - I Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the Note. prepayment and late char as m the Note. and the
<br />gas provided' principal of and interest on any Future Advances secured by this Deed
<br />COMM.
<br />2, iani hr Tansy and Less uses. Subject to applicable law or to a written waiver by L ender. Borrows shall pay to lender on the day
<br />monthly hotelirents of principal and inureaI we payable under the Note, until the Note is paid in full. a sum (herein "Fords ") equal to one -
<br />twelfth of the yearly, team and aasasmmats which may attain priority over this Deed of Trust. and ground rants on the Property. if any. plus one-
<br />Ltwelft of yearly pry ids for barard insurance, plus one- twelfth of yearly premium installments for mortgage insurance, if any. all
<br />err reasonably atitaaad initially and from tine to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be Mid in as imakution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />Lender if L etnds is such an iastkudon). Lander d call apply the Funds to pay said taxes. assessments. insurance premiums and growl rents.
<br />Leader may not charge for so holding and applying the Funds, analynng said account or verifying and compiling said assessments and bills.
<br />unless Leader pays Borrower i eyed on the Funds and applicable law permits Lender to stake such a charge. Borrower and Lender may apron 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
<br />!a.
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