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<br /> [3pace Abovs This Llns For Recordinp Dataj
<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST ("Security Instnament") is made on April 15th 1998 . The trustor
<br /> is JEFFREY D HAWKE AND BETTY R HAWKE HUSBAND AND WIFE
<br /> ("Borrower").
<br /> The trustee is UNITED NEBRASKA BANK 700 N WEBB ROAD GRAND ISLAND NEBRASKA 68803
<br /> (^Trustee").
<br /> The beneficiary is UNITED NEBRASKA BANK ,
<br /> which is organized and existing under the laws of NEBRASKA , and whose address
<br /> is 700 N. WEBB RD. GRAND ISLAND NE 68803 ("�ender").
<br /> Borrower owes �ender tne principal sum of Fifty Three Thousend Six Hundred and 00/100
<br /> Do�lars (U.S.$ 53,600.00). This debt is evidenced by Borrower's note dated the
<br /> same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, 'rf not paid earlier, due and
<br /> payable on M8y 1. 2028 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced
<br /> by the Note, with interest, and all renewals, extensions and mod'rfications of the Note; (b) the payment of all other sums, with interest,
<br /> advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and
<br /> agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the follow�g described
<br /> property located in HALL County, Nebraska:
<br /> LOT FIVE (5), BLOCK TWO (2), CLAUSSEN COUNTRY VIEW ADDITION TO THE CITY OF GRAND
<br /> ISLAND, HAL� COUNTY, NE$FtASKA.
<br /> which has the address of 813 & 815 S CLAUSSEN , GRAND ISLAND ,
<br /> Street qty
<br /> Nebraska 68801 ("Property Address");
<br /> 21p Code
<br /> TOGETHER WITH all improvements now or hereafter erected on the property, and all easements, appurtenances, and f'octures now
<br /> or hereafter a part of the property. All replacements and additions shall be covered by this Security Instrument. All of the foregoing is
<br /> refeRed to in this Security Instrument as the "Property."
<br /> BORROWER COVENANTS that Borrower is Iawfuly seised of the estate hereby conveyed and has the right to grant and convey
<br /> the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generaly
<br /> the t(tle to the Property against all clakns and demands, subJect to any encumbrances of record.
<br /> THIS SECURITY INSTRUMENT comb�es uniform covenants for national use and non-uniform covenants with limited variations by
<br /> jurisdictlon to constitute a un'rform security instrument covering real property.
<br /> UNIFORM COVENANTS. Borrower and Lender covenant and agree as folbws:
<br /> 1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay wnen due
<br /> the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br /> 2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to
<br /> Lender on the day monthty payments are due under the Note, until the Note is paid in full, a sum ("Funds") for: (a) yearly taxes and
<br /> assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or ground
<br /> rents on the Property, if any; (c) yearly hazard or property insurance premiums; (d) yeariy flood 'msurance premiums, 'rf any; (e) yeary
<br /> mortgage insurance premiums, 'rf any; and (f) any sums payabie by Borrowe� to Lender, in accordance wkh the provisions of paragraph
<br /> 8, in lieu of the payment of mortgage insurance premiums. These items are called "Escrow Items." Lender may, at any ttme, collect
<br /> and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for
<br /> NEBRASKA-Slnpls Famlly-Fannls Mas/Freddis Mac UNIFORM IN3TRUMENT Form 3028 B/60
<br /> F102B.LM0(10/97) Page 1 of 5
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