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Lim
<br />DEED OF TRUST
<br />THIS DEED OFTRUST a made this
<br />1986 .mautbernmor, ERVIN
<br />$6-- • 1018995
<br />a eorpocadoa oqw iced sad led t tender the lm of IIEMAM wbow address is 521 1Ot1'fN LOCUM P. O. !OX 100 ,
<br />ARANO W ANO. ME 00002 (berdn "Le siW1.
<br />BORROWER, in eaoadaation of the isald tedism herein recited and the trust bade created, irrevocably =rants sad coeiveys to Trim -,
<br />in trust, v*k power of sale, the fo0owing described property located in the County of HALL.
<br />State of Nebraska:
<br />LOT THIRTY —THREE (33), IN ISLAND ACRES NUMBER SEVEN (7), A SUBDIVISION IN
<br />THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />which has the address of 3108 Westside Crand I¢lanri
<br />(STREET) (CITY)
<br />Nebraska 68803 (herein "Property Address");
<br />(STATE d; ZIP CODE)
<br />TOGETHER with all the improvements 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 datedOr r a hp r 27 1996
<br />(herein "Note"), in the principal sum of TEN THOUSAND ONE HUNDRED THIRTEEN AND 50 1100-------- - - - --- 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 October 30 1991 : 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, [rude 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 tide 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, 11,117 t of FrfnelNl tang 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. Frei ter Taaw ad Insrana. 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 reasimisKy estimated iWU@Ry 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 and bills,
<br />unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender may agree in r
<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
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