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<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST ("Security Instrument") is made on Aprll 30th 1998 . The trustor
<br /> �s TIMOTHY S BENNETT AND LISA L BENNETT HU BAND A D WIFE
<br /> (^Borrower^).
<br /> Tne trustee is UNITED NEBRASKA BANK 700 N WEBB ROAD RAND ISLAND NEBRASKA 68803
<br /> (^Trustee").
<br /> The beneficiary is UNITED NEBR KA BANK ,
<br /> which is organized and existing under the laws of NEBRA KA , and whose address
<br /> is 700 N. WEBB RD. GRAND ISLAND NE 68803 (^Lender").
<br /> eorrower owes Lender the principal sum of Eighty Two ThouBand Two Hundred and 00/100
<br /> Dollars (U.S.S 82,200.00). This debt is evidenced by Borrowers note dated the
<br /> same date as this Security Instrument ("Note"), which provides for monthy payments, with the full debt, if 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 modifications of the Note; (b) the payment of all other sums, wkh interest,
<br /> advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrowers covenants and
<br /> agreements. For this purpose, Borrower irrevocabN grants and conveys to Trustee, in tn�st, with power of sale, the following described
<br /> property located in HALL County, Nebraska:
<br /> LOT THIRTY-FOUR (34), RAVENWOOD SUBDIVISION, HALL COUNTY, NEBRASKA.
<br /> which has the eddress of 616 RAVENWOOD DRIVE . GRAND ISLAND ,
<br /> Strs�t Clty
<br /> Nebraska 68801 ("Property Address");
<br /> Zip Cod•
<br /> TOGETHER WITH all improvements now or hereafter erected on the property, and all easements, eppurtenances, and fbctu�es now
<br /> or hereaRer a part of the property. All replacements and additions shall be covered by this Security Instrument. All of the foregoing is
<br /> referred to in this Security Instrume�t as the "Property."
<br /> BORROWER COVENANTS that Borrower is lewfuly seised of the estate hereby conveyed and has the right to grant and convey
<br /> the Property and that the Property is un�cumbered, except for encumbrances of record. Borcower warrants and will defend generaly
<br /> the title to the Property against all claims and demands, subject to any encumbrances of record.
<br /> THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limked variations by
<br /> jurisdiction to constitute a uniform security instrument covering real property.
<br /> UNIFORM COVENANTS. Borrower and Lender covenant and agrse as folbws:
<br /> 1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shatl 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 monthy payments are due under the Note, until the Note is paid in full, a sum ("Funds") for: (a) yearly texes and
<br /> assessments which may attaln priority over this Securiry Instrument as a lien on the Property; (b) yearly leasehold payments or ground
<br /> rents on the Property, 'rf any; (c) yearly hazard or property insurance premiums; (d) yearly flood insurance premiums, if any; (e) yearly
<br /> mortgage insurance premiums, if any; and (� any sums payable by Borrower to Lender, in accordance with the provisions of paragraph
<br /> 8, in I'�eu of the payment of mortgage insurance premiums. These items are called "Escrow Items." Lender may, at any time, 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-Sfnpls Family-Fannis Mas/Fnddie Mac UNIFORM INSTRUMENT Form 3028 B/90
<br /> F1029.LMa(10/97) Paps t of 5
<br /> 575
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