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<br /> Naweat e�nk Nebr�au��N.�DEED OF T`RUST R��`�� ���`I 'yal Q
<br /> �P.A.Box 3408 �
<br /> Om�hs,N�braslu 68103 0
<br /> _ �
<br /> THIS DEBD OF TRU5T("Security Instrumcnt")is made on �y 19. 1997 • T��NStor is
<br /> James A. Sich III aad Vickie L Sich, huaband and wife as joint tenaate
<br /> ("Borrower").The trusta is Norweat Baak Nebraska, National Aesociation
<br /> ("Trustee").The bencficiary is Nors�est Bank Nebraska, Natioaal Aaeociat3on
<br /> which is orga�iizod and existing under the lsws of UniCed States of America ��W�
<br /> acWress is 3404 W 13th St� Grand Ieland. NE 68803
<br /> ("Lender").Borcow•er owes L..erder the principal sum of
<br /> Forty thoueand five hundred fifCy—four aad 48/1Q0 ---» Dollars(U.S. S 40,554.48 ).
<br /> This debt is evidenced by Borcower's note dated the san►e date as this Secudty Instrum�nt("Note"),which provides for
<br /> monthly p�yments.with the full debt,if not paid earlier,due and payable on May 20� 2002 • �
<br /> This Security Instrument secuna to Lender.(a)tlie repayment of thc debt evider�d by the Nac, with interest,and al!nnewtls.
<br /> extensiona rnd modifications of the Notc; (b) the payment of all other sums, with iaterest, advancod under paragnph 7 to
<br /> protect the sccurfty of this Saurity Instrument; and (c) the performance of Bonower's covenants and agrocments. Por this
<br /> purposa. Borrowcr irrevocably grants and convcys to Ttustee,in tn►st,with power of sale,the followiag describod property
<br /> located in Hail County,Nebroska:
<br /> Lot 7, Capital Heights Seventh Subdiv�s�l.on, CiCy af Grand island, Hall Cauctty.
<br /> Nebraeka �
<br /> which has�he addncss of 4227 Arizona Ave. Grand isiand, NE [s��,c��y�.
<br /> Nebruka 688U3 ("Property Addmss");
<br /> (7.ip Code�
<br />� TOCiETHER W1TH all the impmvements�tow on c�reafter erected on the property,ar�d nl!eas�ments,appu[tenances,and
<br /> fixturos rtow ur hereafter s part of the property. All replaaments and s�dditions shall elso be wvered by this Socurity
<br /> lnstrument.All of the fnmgoing iS rcferrcxi to in this Sccurity Instrument as the"Property."
<br /> EO1tROW�R COVBNANTS that Borrower is Inwfully seisod of the estate hercby �anveyod and has the right ro grnnt a�xl
<br /> cunvey the Property wxi tl�at�hc: PropeiKy is unencumbered. except for encumbrances of record. Bonower warra�us a��d will
<br />' defe��i generully the tide to the Propeny aguinst a4 claims and demands.subject to any encunibran:es of�+econl.
<br /> THIS SECiJRITY INSTRUMENT combines uniform covenants for nationsl use and swn-uniform covenants witli limited
<br /> veriations by jurisdiction ro constitute a unifomi security instrumant covering real property.
<br /> UNIFORM COVHNANTS. Botrower and L.ender covenunt and agra as follows:
<br /> 1. IMyment of Principl xnd Interest; Pre�ymmt and Late Chargcs. Borrower shall promptly pay when duc the
<br />. ..ni�l ni owl:..e�..��nn�l...IW.�.+v:.lnww!hv�h..N..rn u�vl onv nrw.�nvm�anf u�vl Int��I�ora�a i1��w��rv4r�ho Hi.v�
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<br /> 2. �tw�s tor Tiutes and I�urance. Subject to upplicable law or to a written waiver by Leixier,Borrower shall pay to
<br /> Lender on tha day rn�nthly pHymenis arc due urxler the Note, until the Nate is paid in full,u sum{"Funds") for: (al yearly taxes
<br /> and Ass�c�ments which tnay attain priority over this Security Instrument av a licn on the Property:(b) yearly leascriold payments
<br /> or gnwrxl rcnts un thc Property,if any;(c)�carly hazard or property insuranc:c premiums;(d)yeariy flood insurance prcmiums,
<br /> if sny;(c)yrarly mongegc insunuxc prem►ums, if any;and (�any sun�s pxyable by Borcox•cr tn Lendcr. in accordance with
<br /> It�e provisions of paregrnpl�8,in licu of the payment of moAgage insurance prcmiums. These Items:uc called"Escrow Items."
<br /> Letxler may, ut any time, collect mid hold Funds in un a�rwunt not to excetd the rneiximum :�mount a letxier for a federally
<br /> rclatal nwrtgagc laan nwy rcyuire for @orcower's escruw acca;nt under�he foderal Iteal F.siate Settlen�ent P►ocafures Act of
<br /> 197'4 as anxndcd from dmc to iimc, 1?. U.S.C. Sc��tion 2601 rr sry. ("RESPA"),unless anahcr law that applics to lhc Funds
<br /> sets a Ics�cr unwunt. If so, Lcndcr may. at an.y timc, collc�:t and hold Funds in an amount not to cxccal dtc lcsscr a�itount.
<br /> Lender nuy c�tinwte the unxwnt of Funds due un the basis o(currcnt data a��S rcasonable estimates of expe�xiitures of future
<br /> Escrow Ittms or othenvise in accordance with applicable luw. .
<br /> N�rlIASKA•Slnyle FamilyFexda MNlfr�ddb M�o UNIFORM INSTRUNIENT Form 3028 9190
<br /> �NI 12T9T MT(9 VR1P MORTG�G@ FOf1MR•i71312930100 �800�Si1 7291 p�t a�� ' ` ���d 6191
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