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Lot Four (4), Block One (1), Imperial Village Subdivision to the City of Grand Island, Hall County, Nebraska which hrs the acidressof_ 1322 Sherman Place Grand Island (STREET) (CITY) Nebraska 68803 "Prey Addi -s"); (STATE alt ZIP CODE) TOGETHER with all the improvements now or hereafter erected on the property. and all casements. rights, appurtenances, rents (subject however to the rights and authorities given herein to Leader to collet and apply such rents), royalties, mineral, oil and sac rights and profits, water, water rights, and water stock, and all fixtures now or hereafter attached to the property, all of which, including replacements and 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 said property (or the leasehold estate if this Deed of Trust is on a leasehold) are herein referred to as the "Property "; TO SECURE to L ender (a) the repayment of the indebtedness evidenced by Borrower's note dated - October 28, 1986 (herein "Note"), in the principal sum of Forty Thousand and no/ 100-------------------------- - - - - -- -DOB,,, with interest thereon, providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due and payable on November 1. 2001 : the payment of all other suns, with interest thereat, advanced in accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and agreements of Borrower herein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Lender pursuant to paragraph 21 bereof (herein "Future Advances"). Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property, that the Property is unencumbered, and that Borrower will warrant and defend generally the title to the Property against all claims and demands, subject to any declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy insuring [,herder's interest in the Property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. r" of 1'rlaeipl and Isla uL Borrower shall promptly pay when dire the principal of and interest on the indebtedness evidenced by the Note, prepayzaeat and We charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed Of Trust. 2. Bangs ice Taeua t•ti Laaraaea. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly imtallwena of principal and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds ") equal to One- MOM of the ywrly taxes and anemse ts which may attain priority over this Deed of Trust. and ground rents on the Property, if any. plus one- twelfth of yearly prmiust installments for hazard instraace. plus one-twelfth of yearly premium installments for mortgage insurance. if any. all as re m onably enthma sil initially and from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof. The Feeds shag be held is an atKitution the deposJits or accounts of which are insured or guaranteed by a Federal or slue agency (including Lender if Laadu is such an 3mtiduioW. Leader shall apply the Funds to pay said t axes. assessments, insurance premiums and ground rents. Lander tear not charge for so holding and apptyirts the Funds. analysing said account or vcnfymg and compiling said assessments and bills, tmlea Lender "Barowa intact on the Funds and applicable law permits Leader to make such a charge. Borrower and lender may agree in writing at the time o(feaecutioe of Ilan Deed of Trust that interest on the Funds shall be paid to Borrower, and unlace such agreement is made or