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<br /> FHA Cass No.
<br /> State of Nebraska DEED OF TRUST 321-192408-5 703 �
<br /> -�'
<br /> THIS DEED OF TRUST ("Security Instrument") is made on A�ril 15th . 1998 Q
<br /> The trustor is JOSE V TORRES AND JENNIFER E TORRES. HUSBAND AND WIFE. �cy
<br /> ("Borrower^).
<br /> Tne trustee is COMMERCIAL FEDERAL BANK, A FEDERAL SAVINGS BANK . 98 50 "M" ST. ("Trustee^).
<br /> The benef'�ciary is UNITED NEBRASKA BANK ,
<br /> which is organized and existing under the laws of NEBRASKA , and whose address is
<br /> 700 N. WEBB RD GRAND ISLAND NE 68803 ("�ender").
<br /> Borrower owes Lender the principal sum of Sixty Two Thousand Seven Hundred and 00/100
<br /> Dollars (U.S. $ 62,700.00 ). This debt is evidenced by BoROwers note
<br /> dated the same date as this Securky Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid
<br /> earlier, due and payable on M8y 1, 2028 . This Securiry Instrument secures to Lender: (a) the repayment
<br /> of the debt evidenced by the Note, with interest, and all renewals, extensions and mod'rfications of the Note; (b) the payment of
<br /> all other sums, with interest, advanced under paragraph 6 to protect the security of this Security Instrument; and (c) the
<br /> performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower
<br /> irrevocaby grants and conveys to Trustee, in tn�st, with power of sale, the following described property located in
<br /> HALL County; Nebraska:
<br /> THE WEST ONE THIRD (W1/3) OF LOTS FIVE (5) AND SIX (6), IN BLOCK SEVEN (7) IN HANN'S
<br /> THIRD ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA, BEING A
<br /> RECTANGULAR TRACT OF GROUND HAVING A SOUTH FRONTAGE OF FIFTY THREE (53) FEET
<br /> AND EIGHT (8) INCHES ON CHARLES STREET IN SAID CITY, AND A DEPTH OF ONE HUNDRED
<br /> AND SIX (106) FEET, TOGETHER WITH A RIGHT OF WAY EASEMENT OVER AND ACROSS THE
<br /> NORTH TEN (10) FEET OF THE WEST ONE THIRD (W 1/3) OF SAID LOT FIVE (5) FOR DRIVEWAY
<br /> PURPOSES.
<br /> which has the address of 218 E CHARLES GRAND ISLAND
<br /> (Strsst] [atYl.
<br /> NEBRASKA 68801 ("Property Address");
<br /> �Statsj [Zip CodsJ
<br /> TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and
<br /> f'octures now or hereaRer a part of the property. All replacements and additions shall be covered by this Security Instrument. All
<br /> of the forego�g is referred to in this Security Instrument as the "Property".
<br /> BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and
<br /> convey the Property and that the Property is unencumbered, except for encumbrances of r�ord. Borrower warrants and will
<br /> defend generally the title to the Property against all claims and demands, subject to any encumbrances of record.
<br /> THIS SECURITY INSTRUMENT combines unfform covenants for national use a�d non-unfform covenants with limited
<br /> var'�atwns by jurisdictwn to constitute a uniform security instrument covering real property.
<br /> Bonower and Lender covenant and agree as follows:
<br /> UNIFORM COVENANTS.
<br /> 1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest
<br /> on, the debt evidenced by the Note and late charges due under the Note.
<br /> 2. Monthly Payment of Taxes, Insurance, and Other Charges. Borcower snau �nc�ude in eacn monthly
<br /> payment, together with the princ�al and interest as set forth in the Note and any late charges, a sum for (a) taxes and special
<br /> assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c)
<br /> premiums for insurance required under Paragraph 4. In any year in which the Lender must pay a mortgage insurance premium to
<br /> the Secretary of Housing and Urban Development ("Secretary"), or in any year in which such premium would have been required
<br /> 'rf Lender still held the Security Instrument, each monthly payment shall also include either: (i) a sum for the annual mortgage
<br /> insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium if
<br /> this Security Instrument is held by the Secretary, in a reasonable amount to be determined by the Secretary. Except for the
<br /> monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow
<br /> Funds."
<br /> FSBI3.LMO (1/9B) Pape 1 of 5
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