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<br /> State of NebrsMca D�ED 0� TRUST 321-1880963 '703 �
<br /> �
<br /> THIS D�D OF 7RU3T("Securky Instrument")IS m�de on�U ust,1�11i .1997
<br /> Ttn trustor is OAVID A GAF�CIA AND ANpREA N JACKSf)N BOTH AS UPIiIAARFiifsO IPdt�1iV'ID�,IAI�S --
<br /> (BOROWM��.
<br /> Tha trustw�s�OMMERCIAL FEDEpAL BANK A FEDE°" �AVINCiS BANK �B G� '�1" ST. (�TrustN").
<br /> Th�bmeHCLry b N ED NEBR BAN
<br /> wh�h Is orWinlz�d and existiny und�r the lews of NEBRASK�► . and whose addnss is
<br /> 70 N WEBB RD GRAND ISLAND NE 69803 ��L°"���'
<br /> BonowK owea UndK th�prhopal sum ot ThlrtV Eloht Th�}u�end Three Hu��i.►�� ■^� 00/100
<br /> Dolwrs(U.S.i 38.300,Q0 ).Thts deht is svki�nc�d by Borrow�r't not�
<br /> d�tod tM same dat�af thb S�curky Inttnim�►t ("Not�"), whlah provides(or monthly paymants, wkh th� tuN tMbt, M not pald
<br /> wrlAr,dw�nd p�yabM on fll f 1 2 2 .Thk SeCUrity Inatrument Ssauns to l.�r►dK: (l)th�repaymsnl
<br /> of th�d�lit evkMncad by the Not�, wkh htarott, and eA rt�nr+vals,sxt�nsbns and modlficatbns of th� Not�; (b)the paym�nt of
<br /> ' aN othK suma, wkh htarast, advanc�d under panyrapn b ro prot�ct in• awu��iy ot it�u S:curlh; ln:trusr.�!; rr.d {s) t!�'
<br /> ' p�Aomync�of BoROw�r'a cownents and apreements under this Security Instrumsr�t sr,d the Not�.For this purpase, 8ortoww
<br /> Imwocaby pnnri and conveya to Trustea, In trust, wNh powur of safe, tha folbwlnq doscribed propwty bc�t�d M
<br /> HA(,�„ County;Nebraaka:
<br /> THE EAST FIALF (E1/'2) OF LOTS FIFTY-NINE (69) AND SIXTY (60) IN @ELMONT ADDITION TO THE
<br /> CITY OF GRAND ISLAND, HALL COUNTY.NE�RASKA.
<br /> ;
<br /> � wnicn h�s tno aadress ot 2308 W 6TH STREET QRANO ISI.AND
<br /> �su..q la�yl,
<br /> NEBRwSKA 68801 ("P�opKty Addnss");
<br /> �auu� lzip coa•�
<br /> TOOETHER WITH aN th� Ynprowrnents now o� h�naflK encted on the property, and aN easartMnts, oppurt�nmces, �nd
<br /> Poctu�t now or hKNMt�part ot tM proparty. All rpfacammts and �ddkbns sh�N b�aovsrsd by thfs S�curlly IntMum�nt. M
<br /> of tM tonpohy k rN�rt�d to in thla SscurRy Inswmwit as tM "PropKty'.
<br /> BOF�iOWER COYENANTS that BortowK is lawtuly s�lad ot th� �state �erWy conwy�d and hes th� rqht to prant �nd
<br /> conwy th� PropKty and thrt th� PropsAy is un�ncumb�r�d, excspt far ancumbnnc�s of record. 8orrower wamnts �nd wi�
<br /> d�bnd p�aly th�tkw to lho PropKty�y�inat aN c�ims and denunds,SubJ�ct to�ny oncumbranc�s of ncord.
<br /> THIS SECURITY INSTRUMENT aombh�s unMorm cown4nts lor n�tbnal usa �nd non•unRorm covenmts wRh Nmk�d
<br /> , varhtbns by jurkdiction to constitut�a unYorm s�curity hstNmont coverinp real property.
<br /> BarowK�nd Lendx coven�nt nnd�yree as folbws:
<br /> UNIFOFNA COVENANTS.
<br /> 1. P�yment of Principal, Interoat and I.ete Charqe. eonoWer sna�i pay when due the pnc�ipal of,ane�ntor.sc
<br /> on,th�debt avldmc�d by ths NotA end late charpes due under the Note.
<br /> 2. Monthly Peyment of Texes, Insurence, end Other Cheryes. BOrrower 6hall inClude h eACh montny
<br /> ��.r�i t...�..w.1�n�wVl
<br /> p�yrtNllt,to�th�r wkh tha pnc�fpal tnd htenst as set rortn n ine ivvi�+�nu ii�r �iie���.-yva,:o::.•• •..� ��i�-�---.--r--_
<br /> �ss�asmmts Mvlsd or to be Ievied apahst the Property� lb) leesehold payments or pround rents on tho Propsrty, md (a�
<br />= pnmlums for hau�nce requfrad under Parepraph 4. In any yoar h which the Lender must pay a mortyaq� hsuranc�pnmium to
<br /> th�Sscntary of Houshp and Urban Dawbpment("Secretary'). or In any year in whfch such premwm would htw bMn nqufnd
<br /> - If Lander St�U h�ld th� SecurNy InsWrtwnt, each monthy p�y�t ahaN also hclude ekhsr: (I) a sum (or th�tnnual mort�p�
<br /> � insuranc�premWm to be patd by L�nder to the SeCretary,or (il)� monthry ohnrqe Instead ot a mortqap� hsur�nC� pnmium N
<br />�a thfa S�curRy Instrument Is hNd by th• Secretary, In e �e�son�bb emount to bs datermined by ths S�cntuy. Exc�pt tor U�
<br /> montAly charp� by the Secretery, these Rems are called 'Escrow Items" and the sums pald to Lender an caNsd "Escrow
<br /> � Funds"
<br /> FS�19.1M6(E/o7) D�p�t ol 6
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<br /> 7
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