|
' J � � P � � �
<br /> �,
<br /> r_ i � 1'��t1
<br /> n n •';� � _
<br /> � k� �
<br /> '� � ;
<br /> n n i "' cci cs er� rn
<br /> r• � . ' � ° n CU rn
<br /> . rl ;7 � � � � � �
<br /> � �
<br /> �'� •' �ti N -� � c�'
<br /> � � O `1 N
<br /> '� ��, � n ` ~ �
<br /> -� r�rT
<br /> :7 �', � �
<br /> s:. t:a O �-
<br /> i ��.`� � r .� �
<br /> � , 1` � Z� � 3
<br /> .r �.,� L,:� � �
<br /> ..,) � Cd 7C � ,
<br /> �� � � �
<br /> w v�- z
<br /> � � � p
<br /> v>
<br /> f3pacs Abovs Thls Lins for Rscording Data]
<br /> State of Nebraska DEED OF TRUST 321 1916746 703
<br /> C�lJ '
<br /> THIS DEED OF TRUST ("Security Instrument") is made on April 24th 1998 �
<br /> The trustor �s JASON D STRATMAN AND KATHY J STRATMAN HUSBAND AND WIFE C`
<br /> ("eorrower^).
<br /> The trustee ts UNITED NEBRASKA BANK 700 N WEBB ROAD GRAND ISLAND NEBRASKA 6 ('�rn,stee^).
<br /> The beneficiary is UNITED NEBRASKA BANK
<br /> which is organized and exlst�g under the laws of NEBRASKA and whose address is
<br /> 700 N. WEBB RD. GRAND ISLAND NE 68803 ("Lender").
<br /> Borrower owes Lender the principal sum of Seventv Six Thousand Seven Hundred and 00/100
<br /> Dollars (U.S. 3 76.700.00 ). This debt is evidenced by Borrower's note
<br /> dated the same date as this Security Instrument ("Note"), which provides for monthly payments, wkh the full debt, H not pald
<br /> earlier, due and payable on M8y 1. 2028 . This Security Instrument secures to Lender. (a) the repayment
<br /> of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications 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 /> irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in
<br /> HALL County; Nebraska:
<br /> LOT EIGHT (8), IN BLOCK "A", IN PARKVIEW SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL
<br /> COUNTY, NEBRASKA.
<br /> which has the address of 2203 PIONEER BLVD GRAND ISLAND
<br /> �StrsstJ [qtyj,
<br /> NEBRASKA 68801 ("Property Address");
<br /> �Stats� (Zip CodsJ
<br /> TOGETHER WITH all the knprovements now or hereafter erected on the property, and all easements, appurtenances, and
<br /> foctures now or hereafter a paR of the property. All replacements and add'Rions shall be covered by this Security Instrument. All
<br /> of the foregoing is referred to in this Securiry Instrument as the "Property".
<br /> BORROWER COVENANTS that Borrower is lawtully 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 record. Borrower warrants and will
<br /> defend generalty the title to the Property against all claims and demands, subject to any encumbrances of record.
<br /> THIS SECURITY INSTRUMENT combines un'rform covenants for �ational use and non-un'rform covenants with limited
<br /> variations by jurisdiction to constitute a uniform security instrument covering real property.
<br /> Borrower 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. eorrower shall inc�de in each monthy
<br /> payment, together with the principal and interest as set forth in the Note and any late charges, a sum for (a) texes 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 � which the Lender must pay a mortgage insurance premfum 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 Secur$y Instrument, each monthly payment shall also include either. (i) a sum for the annuai mortgaga
<br /> insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium 'rf
<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 cailed "Escrow
<br /> Funds."
<br /> F5813.LM0(1/BB) Pap• 1 of 5
<br />
|