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<br /> FHA Cass No. � �
<br /> State of Nebraska DEED OF TRUST 321-1926687 703 �
<br /> �
<br /> THIS DEED OF TRUST ("Security Instn�ment") is made on April 30th , 1998
<br /> The trustor is MITCHELL T MITTELSTAEDT AND JENNIFER M MITTELSTAEDT HUSBAND AND WIFE
<br /> (^Borrower^).
<br /> The trustee is UNITED NEBRASKA BANK 700 N WEBB ROAD GRAND ISLAND NEBRASKA 6 ("rrustee°).
<br /> The beneficiary is UNITED NEBRASKA BANK
<br /> which is organized and e�cisting 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 Seventy Six Thousand Nine Hundred and OOh00
<br /> Dollars (U.S. 3 76.900.00 ). This debt is evidenced by Borrowers note
<br /> dated the same date as this Security Instrument ("Note"), which provides for monthy payments, wkh the full debt, ff not paid
<br /> earlier, due and payable on M8y 1, 2028 . This Securky 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 Borrowers covenants and agreements under this Security Instrument and the Note. For this purpose, BoROwer
<br /> irrevocabty grants and conveys to Trustee, in trust, with power of sale, the following described property located in
<br /> HALL County; Nebraska:
<br /> LOT THREE (3), BLOCK EIGHTEEN (18), CHARLES WASMER'S ADDITION TO THE CITY OF GRAND
<br /> ISLAND, HALL COUNTY, NEBRASKA.
<br /> which has the address of 1913 W KOENIG ST GRAND ISLAND
<br /> �Strsst� �qtyJ,
<br /> NEBRASKA 68801 ("Property Address");
<br /> [State) �Zip Cods]
<br /> TOGETHER WITH all the improvements now or hereaRer erected on the property, and all easements, appurtenances, and
<br /> fatures now or hereafter a part of the property. All replacements and additions shall be covered by this Security Instrument. All
<br /> of the foregoing is referred to in this Security Instrument as the "Property".
<br /> BORROWER COVENANTS that BoROwer 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 record. Borrower warrants and will
<br /> defend generaly 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 national use and non-uniform covenants with limfted
<br /> variations by jurisdiction to constitute a un'rform 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. BoROwer 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. Borrower snan inch,de in each monthy
<br /> payment, together with the principal and hterest 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 h which such premium would have been required
<br /> if Lender still held the Security Instrument, each monthly payment shail also include either: (i) a sum for the annual mortgage
<br /> insurance premium to be paid by Lender to the Secretary, or (ii) a monthy charge instead of a mortgage k�surance premium if
<br /> this Security Instrument is held by the Secretary, tn a reasonable amount to be determined by the Secretary. Except for the
<br /> monthy charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow
<br /> Funds."
<br /> F5873.LM0(t/BB) Pap• 1 of 5
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