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� � f1 f1 cn c� cn ;+ � [m'� tAii � � � �� � Z � v 7C = i � � -t rrt ' r.`�o � � � � - a�7,� -� `; �. X ` '` (V �� 1 �S .� �� k-► N ,'] �i`�� ...� l� C�J Q � � ,-� � r �n .L � �, ,i i�e" � r— x� � � \ � � � . n � � � ��, �- � `° � W �� � � � .-r 4�, Q . � . I8Dac� Abov�Thi� Lln� For R�cordinp Data] � , C�� ` DEED OF TRUST THIS DEED OF TRUST ("Security InsWment") is made on M8 18th 1998 . The trustor ts DAVID L CHRISTENSEN AND JEANNE A CHRISTENSEN HUS AND AND WIFE rne wstee �s UNITED NEBRASKA BANK 700 N WEBB ROAD GRAND ISLAND NEBRASKA 68803 �^B��W�w� ("Trustee°). The beneficiary is UNITED NEBRA KA BANK which is organized and existmg under the laws of NEBRASKA , and whose address �s 700 N. WEBB RD. GRAND ISLAND NE 68803 (.��,d�^). eorrower owes �ender tne principa� sum ot Two Hundred Twenty Four Thousand and 00/100 Dollars (U.S.S 224.000.00). This debt is evidenced by Borrowers note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on June 1. 2028 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced bv the Note, with interest, and all renewals, entensbns and modifications of the Note; (b) the payment of all other sums, wkh fnterest, advanced under paragraph 7 to protect the securiry of this Security Instrument; and (c) the performance of Borrower's covenants and n greements. For this purpose, Borrower frrevocaby grants and conveys to Trustee, in trust, wkh power of sale, the following descrbed property located in HALL County, Nebraska: �OT THIRTY EIGHT �38), REGENCY BY THE GREEN SUBDIVISION TO THE CITY OF GRAND ISLAND� HALL COUNTY, NEB ASKA. which has the address of 1820 STAGECOACH RD . GRAND ISLAND Nebraske 68801 Pro a��••� p'Y , (" perty Address"); Z�D �ds TOGETHER WITH all Knprovements now or hereaRer erected on the property, and all easements, appurtenances, and fbctures now or hereafter a part of the property. Ail replacements and additions shall be covered by this Securky Instrument. All of the foregoing is referred to h this Security Instrument as the "Property." BORROWER COVENANTS that BoROwer is law(ully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all cieims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combhes unfform covenants for national use and non-unfform covenants with Iknked variations by jufisdiction to constitute a unlform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal and Interest; Prepayment and Late Charges. Bonower shall promptiy pay wnen due the principal of and hterest on the debt evidenced by the Note and any prepayment and lete charges due under the Note. 2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid in iull, a sum ("Funds") for: (a) yearly taxes and assessments which may ettain prbrity over this Securky Instrument as e lien on the Property; (b) yearly leasehold paym�ts or ground rents on the Property, M any; (c) yeary hazard or property insurance premiums; (d) yearly flood insurance premiums, if any; (e) yearly mortgage k�surance premiums, if any; and (i) any sums payable by Borrower to Lender, in accordance wkh the provisions of paragraph 8, in liau of the payment of mortgage insurence premlums. These items are called "Escrow Items." Lender may, at any Nme, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for NEBRASKA-91ny1� Famfly-Fannls Mas/Fr�ddis Mac UNIFORM IN3TRUMENT F1029.LM�(10/97) Form 3028 6/BO Paps 1 of 5 588