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<br /> �N V�LOPE (Spoce Above This l.lne Fa Recnrdtng p�lx) ----- '—"' p
<br /> �' N.A.DEED OF TRUST c��' ;�."';�'�''' ��!-�a►o
<br /> �Norurest dank �cbra'' �
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<br /> Omaha�Nebraska��3' py�
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<br /> THIS DEED OF TRVSI' ("Security Instrument")is made on .The trustar is
<br /> Auguat 18� 199?
<br /> Mark A Clayton and Barbara J Clayton� huaband and wife
<br /> ("Borrower").The trustee is
<br /> Norwest Bank Nebraeka, Natioaal Association
<br /> ("Tmstee").The beneficiary is
<br /> Norwest Bank Nebraeka, National Asaoc3atioa ,andwhose -
<br /> which is orgunized and exis�ing under the laws of Uttited States of America
<br /> �dn'��{� 3404 Weet 1:Sth Streetr Grand Icsluu3� :'E $oo ,
<br /> Y"�der"). ti�ttowcr oweti I.crxicr iiic N�iw��a!nliiiS IIf
<br /> Twenty thousand as�d no/100--------------____�_________—
<br /> �O��QfS(jJ�S.�2�i0��.�� ).
<br /> This debt is evidenced by Borrower's note dated the same dute as this Security Instrument("Note").which provtdes for
<br /> monthly payments,with the full debt,if not paid earlier,due and payable on August 18, 2002
<br /> This Securiry Instrument secures to I.ender:(a)the repayment of the dcbt evidenced by the Note,wlth interest,und all renewal9,
<br /> extenstons a�ui modifications of the Note: (b) the payment of all other sums, with interest. advunced under pamgraph '7 tu
<br /> protect the security of this Security Instrument; nnd (c) the performance of Bu�►uwer's cov�nants und agrczmcnts. For tl�fs
<br /> purpose, Borruwer irrevacably grants and conveys to Trustee. in trust. with power of sale, the following Caunt NebruskA
<br /> locutcd in Hall
<br /> Lot 1, Jeffery Oaks Third Subdivisian, City of Grand Island, Hell County�
<br /> Nebraska.
<br /> This deed of truat aecures an open end revolving line of credit.
<br /> 5ee attached home aquity line of credit iider.
<br /> whtch has the address of' Iserca.ciryl.
<br /> 4003 Manchester Rogd Grand Island
<br /> Nebraska 68801 ("¢roperty Address");
<br /> [ZipCode�
<br /> TO(3ETHER WITH al I the improvcments now or hercafter erected on the property.and all easements,appuctenunces.and
<br /> fixturcs now or hercafter a part of the pro�erty. All replacements and udditions shall also be covered by this Security
<br /> instrunient.Ail of the forcgoing is refened to in this Security Instrument as the"Pmperty."
<br /> BORROW�R COVEN ANTS that Borrower is lawfully seised of the estate hereby conveyed and hus the right ro grnnt nnd
<br /> convey the Property and that the Property [s unencumbered, ezcept for encumbrances of record.Borrower warrnnts and will
<br /> — Jefcnd genernlly the titleto the Propeity against all claims und demands,subject to any encumbrances of record.
<br /> THI3 SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenunts with limital
<br /> vnriations by jurisdiction lo constitute a unifnrm security instrument covering reul property.
<br /> UNIFORM COVENANTS. Borrower und Lcnder a�venantand abrec us fallows:
<br /> 1. Payment of Prinr_ipal and Interest; Prepuyment and Late Cliarges. Borrower shaU promptly puy when duc tl�c
<br /> — princi�al�f uad�nteT st on th�I�b�eqideP ced�h�rh�annl ble lawr or to anwrh en twaivers by Lendere Horcowcr st�ull pay to
<br /> � 4. rVUV�ava ...
<br /> _ l.endcr on the day monthly payments are duc under the Note,umil the Notc is paid in full,a sum('Funds")tnr. taJ yenriy caacy
<br /> -n nn�l nsscssments which may attain priority ovcr this Security Instrument as a licn on the Property;(b)ycurly Ieasehuld payments
<br /> i�r�n�und rents on thc Propeny, if any:(c)�catly hazard or property insurance premiums;(d)yeurly tlood insurancc pren�iwns,
<br /> II'cu�y: lc)ycarly mortgage insuruncc premiums. if uny; and (fl any sums payablc by Borrowcr to L.a:ndcr, in uur�rduncc with
<br />= thr ptovi�ions of parugraph S, in lieu of the payment of mortgage insurance premiums.These item�Are called "F?scruw Ucros."
<br /> I�nJcr nuiy. ut uny tirnc, collect nnd hold Funds in an amount not to exceed the ma�cimum umount u Icnder fur a f'cdcrally
<br />: rcl:ucJ inortKnge luan may mquim for Borrower's escrow account under the fecieral Rcal Estute 5etdement Proccetureti Art ��f
<br /> " I�)7a uti u�ncnded from time to time. 12 U.S.C. Section 2601 er seq. ("RESPA"),unlexs unother luw thut npplic�a�thc I�unar
<br /> .,� x1� u Icsur imiount. If so, Lcnder may, at any time, collect and hold Funds in an amount not to exccat thc Ic�ticr unwunt.
<br />- I.�nd�r nury c�timutc the arrAUnt of Funds duc un the basis of current datu und reasonablc cstimates of exprnditures ut' lu�ure
<br /> ►�,rcrnw Ue�m or atherwise in acwrdance with applicublc law.
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<br /> NENRABKA•Sm��lo�omilyFannl�MeelFreddU Mea UNIFORM INS7RUMENT Fam 3028 YIOO
<br />�'� � �NI 12T97 MTO VMP MOHtUAGE FORMS��Jt312A3-8100�i800162t 7781 Popo 1 01 6 . af11M1�d b�9�
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