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DEED OF TRUST
<br />THIS DEED OF TRUST is made this 17th day of —_ 7i l y
<br />19-85 =wMtbeTrusW,__ DOUGLAS R_. SCHLIETT. unmarried
<br />(stn "BoriOwer "), AREND R. BAACK ATTORNEY AT LAW
<br />(herein „Tr„ ). and the Benefkiary. NOME FEDERAL SAVINGS a LOAN ASSOCIATKNd OF GRAND ISLAND, NE
<br />a corporation orgamaed and adarimg under the laws of IpASKA whose address is 2Z1 SOUTH LOCUST R O. WX
<br />GRAND fSLANp NE M= (herein "[.ender ). 1008
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee,
<br />in trust, with power of sak, the following described property located in the County of HAl
<br />State of Nebraska: ,
<br />LOT SIX (6) IN BLOCK SEVENTEEN (17), IN FAIRVIEW PARK ADDITION TO THE CITY
<br />OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
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<br />which has the address of 922 West
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<br />(STREET)
<br />(CITY)
<br />Nebraska 68801
<br />(herein "Property Address ");
<br />(STATE A ZIP CODE)
<br />TOGETHER with all the improvements now or hereafter erected on the progeny, and all easements, ri ts, a
<br />(subject however to the rights and authorities gh appurtenances rents
<br />given herein to Lender to collect and
<br />Profits, water, water apply such rents), royalties, mineral, oil and gas rights and
<br />tights, and water stock, and all fixtures now or hereafter attached to the
<br />property, all of which, including replacements and
<br />additions thereto, shall be deemed to be and remain a part of tht
<br />property covered by this Deed of Trust; and all of the foregoing, together with
<br />said Property (or the leasehold estate if this Deed Trust is
<br />of on a leasehold) are herein referred to as the "Property ";
<br />TO SECURE to L.emder (a) the repayment of the indebtedness evidenced by Borrower's tote dated July 17, I QBS
<br />_
<br />(herein "Mote "),ia the principal sum of TWENTY FOUR THOUSAND EIGHT HUNDRED AND /100
<br />NO
<br />with hiterest thereon, providing for monthly installments of —aid, due
<br />and payok August 1, 2000 principal and interest, with the balance of the indebtedness, if not sooner paid, due
<br />with interest thaaeon, advanced m accordance herewith to ; the payment of all other sums,
<br />protect the security
<br />of this Deed of Trust; and the performance of the covenants and
<br />ruts of Borrower herein contained; and (b) the repayment of any future advances, with interest thereon,
<br />made to Borrower by Lender
<br />Ptrs=M 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 die PMPS" is MeScumbered, and that Borrower will warrant and defend generally the title to the Property against an claims and
<br />islswimll ' to way de iom, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />Leader's intereu in the Property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. hurt of Pobm Bgl Mal 1- A I. Borrower shall om I
<br />!x W Y pay when due the principal of and interest on the indebtedness evidenced
<br />by the P- PaYmeM and ate charges as Provided in the Note, and the principal of and interest on any Future Advances secured by this Deed
<br />MOM* i=41111001113 L I►aMtda Toe maid Bterranee. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day
<br />Of Principal and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds ") equal to one -
<br />twd" Of the YIWIY tun and MMMMU which any attain priority over this Deed of Trust, and ground rents on the Prtpferty. if any, plus one.
<br />twegtb o yearly prmium for htazard iartarance, plus one - twelfth of yearly premium installments for mortgage insurance, if any, all
<br />as naaamathly 10UMM101011 initially and from tinge to time by Lender on the basis of assessments and bills and reasonable estimates thereof. i
<br />The Fad SW be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including
<br />t.enite if Lender is mwk an institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents.
<br />Leader maY not charge for so MNdimg and apPtying the Funds, analyzing said account or verifying and compiling said assessments and bills.
<br />Leader pays Borrower interest on the Fug and applicable law permits Lender to make such a charge. Borrower and Lender 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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