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DEED OF TRUST
<br />85, 003499
<br />THIS DEED OF TRUST is trade this _ 3rri der of
<br />19 Rs or
<br />_,anwmtheTrnst,_SAm GRIItN7TN1 FR t]Nn OLITGTrTtt arnv row Mt.Y �p 7bll,
<br />AREND R BAAC - ATTORNEY AT LAW anri ant�wl£e
<br />(hard 177wtee "). and the Beneficiary. 1K19RE FEDERAL SAVf(M a LOAN ASSOCIATNM OF GRAND ISLAND NE
<br />a ccfPOrabm organized and attesting under the laws of NEBRASKA whose address is 221 SOUTH LOCUST. P. O. Box 1900.
<br />alum NAINiD. NE 911902 (herein "Lander") —
<br />BORROWER, in considerstion of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee,
<br />intro. with Power of sale, the following described property located in the County of -_ HAI 1
<br />State of Nebraska:
<br />THE SOUTHERLY TWENTY -TWO FEET (522') OF THE NORTHERLY FORTY -FOUR (N44') OF LOT FOUR
<br />(4), BLOCK FORTY (40) ORIGINAL TOWN, NOW CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />which has the address of 383 North Walnut Grgnd Tsl net
<br />(STREET) (CITY)
<br />Nebraska 68801 (herein "Property Address"),
<br />(STATE k ZiP CODE)
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rests
<br />(subject however to the rights and authorities gives herein to Lender to collect and apply such rents), royalties. mineral, oil and gas rights aid
<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 />additkms 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 lard*W estate if this Deed of Trust is on a leasehold) are herein referred to as the "Property ";
<br />TO SECURE to Landa (a) the repayment of the indebtedness evidenced by Borrower's [tote dated 7i 1 y 23, 1 QRS
<br />( herein "Noe "),inthepriucipalsumof _SIXTY NINE THOUSAND AND NO/ 00-
<br />with Interest thereon, proving for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner Dollars.
<br />�lpayable on August 1, 2005 paid, due
<br />:the payment of all other awns,
<br />with brassiest thereon, advanced in accordance herewith to protect the security of this Dad of Trust; and the performance of the covenants anij
<br />Of Borrower herein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Lender
<br />Pn r=M to paragraph 21 hereof (heron "Future Advances ").
<br />Borrower covaoatu 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 title to the Property against all claims and
<br />dew, subject to any declarations, casements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy
<br />itwxiat Ladder's interest In the Property.
<br />UMPORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />11» P" Of F ' '110a) mid I sssat. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced
<br />by the NM, PMNYMM inlet kft chi as provided in the Note, and the principal of and interest err any Future Advances secured by this Dad
<br />of Try.
<br />2- Ftttls feer Tans a tai hsawse. Subject to aPPlicable law or to a written waive by Linde. Borrower shall pay to Lender on the day
<br />Principal mad im~ we payable under the Noe, until the Note is paid in full, a am (herein "Funds ") equal to ote-
<br />twdM of cis yearn' tun and assiessiseents which may attain priority over this Dead of Trust, and ground rents of on Property. if any, plus one-
<br />twdM of yearly prienshess iftd@Mmmu for hazard insurance, plus one - twelfth of yearly premium installments for mortgage insurance, if any, all
<br />a and front Here to these by Lender on the basis of assessmems and bills and reasonable axthmatsa thereof.
<br />The Funds lot held in iteration the deposits or accounts of which we insured or guaranteed by a Federal or state agency (including
<br />Leader If Lamer is Bich an institution). Lender shall apply the Funds to pay said taxes, assetsments, insurance premiums and ground rents.
<br />Leader may not chase for a hokUft and applying the Funds, analyzing said amoum or verifying and compiling said assessments and bills,
<br />unless Lander pays Borrower interest of the Funds sad applicable law permits Lender to make such a charge. Borrower and Lender may agree in
<br />writing at the time of execution of this Deed of Trust that interest on the Funds shall he paid to Borrower, and unless such agreement is made or
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