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<br /> Om�hs�Nebraslta 68103
<br /> THIS U�ED OF TRUS'1'("Security Inx��u�ixnt")fs madc oa Junc� 12, 1441
<br /> .The trustor is
<br /> Joseph S. ChapmAn and Sherry Chapnan,husband and Wife ,
<br /> (•Bocrower").Tho tcu�tee is Norweet Bank Nebraeka. Nstionsl Assoaiation ' �
<br /> �•'I'�us�ee°),'I1�o beneficiary is Norxest Bank Nebraska, National AasociaCioa �
<br /> which is organiud attd existing under the laws oiUuited Statea of America
<br /> ,and whose
<br /> address is 3bU4 i�Teet isth �t. �rxnci ie�oit3, :�M �„��tT„� ���,er ow�Lender the principei!sum oi
<br /> Thirtert� thou�aad eight hundred eeventy nine aad Ei5/l0U-
<br /> .�Dollus (U.S.S 13,$79.65 �•
<br /> This debt is eviduuod by Borrower's nota datod tha same dato as this Security Gistrumcnt("Note"),which provides for
<br /> �nth��pnyments. with tho fuU debt,if not paid earlier,due and payable on June 17. 2002 '
<br /> This Securlty Instiumu►t sxures to Lender:(a)the repayment of the debt evidcncod by the Note,with interest.and nll renewAla.
<br /> extemians end modifications of the Note; (b)the payment of all ocher sums, with interat, advanced under paragcnph 7 to
<br /> proteet the socurity of this Security Instcumenr, and (c) the perfamtiance of Borrower's covenmets and agreemcnta. For thie
<br /> purpose. 8orrower irrevocablY 8rants and conveys to Trustee, in Irust, with power of sale, the folluwing C�ibc�d p��Y
<br /> located ir► �all
<br /> Lot 2, Hadenfeldt Subdivision, C3ty of Grand Ieland� Hall CouaCY. Nebraska
<br /> [strees.Cityl.
<br /> which has tht address af 4119 Canaon Road Grand I�lnnd
<br /> Nebtasks 68803 ("p��PenY Address");
<br /> �z�p c�]
<br /> TOCi�TNER WITH ull tho improvement9 now A'���e acements�end addi ons shall�ulso be c�vored oYrt h�s Secur�lry
<br /> fixtuees n�w or hereufter a part of the prop�rty• P
<br /> Instrument.All of the forcgoing�s rcferred to in this Security Instrumcnt as the"Yroperey•'
<br /> BORROWER COVENANT5 that Borrowcr ts lawfully seisal of the estate hereby conveya!und has the right to grant und
<br /> convey the PropertY and that the PmpertY is unencumberal� exapt for encumbrances of rewrd. Borrower warrants and will
<br /> defond gc+iera�lY the titie to the Property against all claims ar�d demands,subJxt to any emumbrances of record.
<br /> THIS SLCURiTY INSTRUMENT combines uniform covei�ants for national use and non-uniform covenants with limited
<br /> vurfations by jurisdictinn to constitute n miiform security ir►gtrument covering real propertY.
<br /> UNIFORM COVBNANTS.Bonower and Lender cov�an�ee C���°�nowar shall promptly pay when duc the
<br /> 1. Psyment ot P�incipal pnd Interesti i'*ePayR�t� Y P p y
<br /> ...;�,,.:.,�i.,f a„d intirest on the debt cvidencedby the Not�+end an re a ment nnd late charghudl p�dcr�he'Nwcr shall nav to
<br /> �....._-r--- -- � • - -
<br /> l. Funds for T�uces and Insuronce. SUbJCCI IP A�1lCADIC taw oi iv 6:.Tnw��•••••• ..' -� --•----. --
<br /> I.eixler on the day monthly puyments ure due uncier the Note,unttl the Note is pnid in full,u sum("Funds")for:(a)yearly taxas
<br /> and assessments wh�ch may nttuin priority over this Security Instrument as a lien on ihc Property; (b)yearly lexsehotu puyments
<br /> or ground rents on tlic Property, if any; (c) �rearly h:�zurd or property insurunce premiums;(d)yeurly flood insurance premiums,
<br /> if any;(e)yearly mortgage insurance prem�ums. if any: and(�any sums puyable by Borrower to Lender, in accordanee with
<br /> the pmvisions of parapraph 8, in lieu of the p�y-ment of mortgagr,insurunce premiwns. These items nc�e ca�led"Escrow Items."
<br /> Lender may, at any t�me. collect und hold Psnds in nn amount not to exceed the maximum amount a Iender for n federally
<br /> relatecl mortgage loan may requir;.for Borrower's escrow nccount under the federal Rcal Estate 5cttlemcnt Procedures Act of
<br /> 1974 as amended irom time to zime, 12 U.S.C. Section 2601 et sey. ("[tESPA"),unless anothcr law thnt applics to the Funds
<br /> sets a lesser amount. if so, Lender may, at any time. collect and hold Funds in an :�rnount not to exceed the lesser amount.
<br /> Lender may estin�ate the amount of Funds duc on the basie of current dutu and rcasonable estimutes of expenditures of future
<br /> Lscrow Items or otherwise in accc�rdance with applicnble law.
<br /> NEdRABKA•Single Femfly-Fanni�MNIFnddh Mk UNIFORM INSTRUMEN7 Form 3028 8180
<br /> �NI 12T97 MTa Vun MDI1tOA0E FOAMS-�31312fl3�8100-�D001821•728t pvr 1 oi 4 � ,��li 6181
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