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<br /> DEED OF TRUST _.
<br /> THI5 DEED OF TRUST("Sacurky Inetrum�nt")fs mede on
<br /> u uat 12th 1997 . rn•wstor
<br /> , �r��F�cfto O SCHENCK AHD (iA1L L SCHENCK H BAND ND WIF .
<br /> ("Borrower').
<br /> Ths trustse Is N 7 O N 1 68a�9
<br /> (•TrustN`).
<br /> _ r,..br,sticrrv is K N B and whof��ddASs
<br /> -- which h orp�nirid�nd�xfstinp under the L�w�of • ("L�nd�r').
<br /> �e 700 N WEBB D. GR ND ISLANO N€ s803 -
<br /> gurrpvr�t cw�s l.�neMr ths prinopel sum of, IIC undred ne Thou;end and 00/10
<br /> DoNus (U.S.i 109.000.001. Thb debt 1s wld�nc�d by Borrower's not�dabd th�
<br /> um�daU�s thk 5�curity Instrum�nt('Note'), which provldes 1or monthy paym�nls. wRh the tuM d�bt, M not paW �� dw�r►d
<br /> �ya�M o�, Seutember 1. 2027 . Thfs Secur�y InsWms�t securss to L�ndK: (a)th�rpaym�nt of th�dM�t wid�nced
<br /> by th�NaN,wkh hta�t,and aN r�n�v+�k, ext�nebns and modithatbns of th� Noto; (b)ths paym�nt of aN otMr wrtu, wAh intwatt,
<br /> �dvanC�d undK p�npnph 7 to protoct th� acurNy ot thfs Srcurdy Instrummt; and(c) th� p�rfomunc� of Bartow�r'e cown�nts�nd
<br /> apr��ts. For thk purpos�, BortowK���ts and conwys to Trostso�h uust,wNh powK of saM. th�folbwiny d�scrb�d
<br /> �o� ��„ County,NWnslui:
<br /> LOT ONE(1), HIDDEN LAKES SUBDIYISION NUMBER THREE (3),HALL COUNTY, NEBFiASKA.
<br /> whkh hastAe�ddress of 4723 rUNBAiiREL PLACE . GRAND ISIAND -
<br /> —_= s,rae Q��
<br />--_�� Nebr�ska BSg01 _ ('Property Address");
<br />_.._�'%� z�p Coa•
<br /> -�_�� TO(3ETHER WtTH 1�II Improvemeats now or hereafter erected on the property�ond all easements,appurte�ances.utid atures now
<br /> 0
<br /> =�.�,`'•,'� or herYatt�r a put of the property AN replacements and add'Rians shall be covered by this Security InsWrnent. Atl of the toreqo g
<br /> �=-'" r�f�d to h this Securky Instrum�nt�s the'Property'
<br />-`�+`-;��� BdF�OWER COVENANTS that Borrower fs I�wfulN seised of the esWte hereby conveyed and has the rqht to yrant and convay
<br />_.r:'r•,•
<br /> ; �•- � th�Propaly and th�t the Propwty Is unencumbared,Yxcept fot encumbrences ot record. Bortower wartanls and wftl delend qenere
<br />��a�� ths tkl� to lhr Property�pahst atl ClaYns snd demands,subJeCt to �ny encumbrances ot racord.
<br /> THIS SECUHITY INSTAUMENT combh�s unilorm cownonts for natbnd use�nd non•unHorm covenants wMh Iimitad varistiona by
<br /> -r•'afi?��� fu�isdiotbn to constkut�a unMOrtn aecurRy hstrurtNnt CowrinQ re��D�oP�Y•
<br /> =�+� UNIFORM COVENANTS. BortowK�nd I.snar covsnani ano.p.i:0 7���.�o; _
<br />-;�i::"�". 1. P�yment of Princtpel and Interest; Prepayment end Lete Charqea. Borrower shell prompty pty when due -
<br />".��,��`•�:•;Y� the pnc�fp�l of end Interost on ths de4t evtdenced by the Note and my prepayment end late charyes due under ths Nota,
<br /> ��-•,:.:�.� 2. Funds for T�xes end In�urance. Sub}BCt to appliCabb 16w or to a written walver by Lender, BOrtower shell psy t0
<br /> '� .,�_, Lender on th�dty monthy p�yments are due under the Nole, untY ths Note Is pnld in 1u��. a sum ("Funds") lor. (a)ysuty tex�E and
<br /> � ass�ssmints wh�Ch may attah prbrity ov�this SecurAy��shs�nce premiums;�(d)year�l0od�fnsurt e premlums,YM aoy; (�y�iuly
<br /> � rents an Iha Proparty, M any; (C) yeuh herird ar property
<br /> • � modp�a hsurenee premk,m�, M eny;end (f)eny sums peyable by Borrower to Lender, h necordanee wkh the provisbns o}penpraph
<br /> -�,'' '' 8, in lieu of th�payment ol monyaye in6unnce premiums. These Rems ere called "Escrow Items' Lender may, �t anY thw.colMct
<br /> " and hold Punds h an flmount not to exceed the maxknum emuunt e lender tor a foderelry releted mort{�aqe ban maF rmeQofzrae;�
<br />- , �. , NEOppgKA.gtnpq Famn��Fanm�Ma�lFr�aeu Mae UNIFORM IN9TRUMENt p�Q� � ol S
<br />. FtOYJ.LMO(6/91)
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<br /> S52
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