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<br /> . RE-RECORDED ; ��� �,
<br /> 98— ic��s8s � r,� ����,�q �,� ,
<br /> [Space Above This Line For Recording Data) `�
<br /> . TWIS LO�l�I i� NOT �R��UMi4BLE 'iN�THOUT `���`�.
<br /> � ,
<br /> THE APPROVAL OF THE U.S. DEPARTMENT OF ;
<br /> VETERANS AFFAIRS OR ITS AUTHORIZED AGENT �
<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST ("Security InstrumenY') is made on Januarv 24th , 1997
<br /> The trustor is Fred R. Snowardt. Jr. and Ardvice E Snowardt husband and wife as JTWS
<br /> ("Borrower").
<br /> The trustee is Union Bank And Trust Companv P 0 Box 5166 Grand Island NE 68802
<br /> ("Trustee").
<br /> The beneficiary is U111011 Bank and Trust Co. , which
<br /> is organized and existing under the laws of the StBt@ Of Nebl'8Sk8 , and whose addres �is
<br /> 2008 North Webb Road Grand Island NE. 68801 ���Le er^�.
<br /> Borrower owes Lender the principal sum of EiqhtV Flve ThOUSend 8nd 00/100
<br /> Dollars (U.S.$ 85.000.00). This debt
<br /> is evidenced by Borrower's note dated the same date as this Security In rument ("Note"), which provides for monthly payments, with the full
<br /> debt, if not paid earlier, due and payable on FEbI'UB�y 1, 2027 . This Security Instrument secures to Lender: (a) the
<br /> repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all
<br /> other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of
<br /> Borrower's covenants and agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the
<br /> following described property located in H811 Courty, Nebraska: —`"""
<br /> Lot Nine (9), Homestead Second Subdivision to the City of Grand Island, Hall County, Nebraska.
<br /> In the event this loan is determined to be ineligible for Loan Guaranty by Department of Veteran's Affairs, this entire loan may be
<br /> declared due and payabie at the option of the mortgagee. The addendum to Deed of Trust attached hereto and executed of even date
<br /> herewith is incorporated herein and the covenants and agreements of the addendum shall amend and supplement the covenants and
<br /> agreements of the Deed of Trust as if the addendum were part hereof.
<br /> which has the address ot 3309 Homestead Drive , Grand Island
<br /> Nebraska 68003 ("Property AddSress"); c"y
<br /> Zip Code
<br /> TOGETHER WITH all improvements now or hereafter erected on the property, and all easements, appurtenances, and foctures now or
<br /> hereafter a part of the property. All replacements and additions shall be covered by this Security instrument. All of the foregoing is referred
<br /> to in this Security Instrument as the "Property".
<br /> BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the
<br /> Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and wiil defend generally the title to
<br /> the Property against ail claims and demands, subjer,t to any encumbrances of record.
<br /> THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by
<br /> jurisdiction to constitute a uniform security instrument covering real property.
<br /> UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due cne
<br /> 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 Lender
<br /> on the day monthly payments are due under the Note, until the Note is paid in full, a sum ("Funds") for: (a) yearly taxes and assessments
<br /> which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or ground rents on the
<br /> Property, if any; (c) yearly hazard or property insurance premiums; (d) yearly flood insurance premiums, if any; (e) yearly mortgage insurance
<br /> premiums, if any; and (f) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment
<br /> of mortgage insurance premiums. These items are called "Escrow Iterns."
<br /> NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM IN3TRUMENT Form 3028 9/90
<br /> F4009.LMG (10/98) Page 1 of 5
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