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<br /> i'� [Space Abuve 7`hts Une Far Itetording Duu)
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<br /> DEED OF TRUST No�est Bank �
<br /> PO Qox 2 440
<br /> �/C�;��������� ���� Ornana,NE 68103 0�
<br /> � • • n •n�n TI.�N��w�lo ..--.
<br /> THIS DEED OF TRU�'('�tnq+lnstrumenc )is made on .a a�+i.Eui u c a a o� i a�u •
<br /> Gaylord Lo Peteti�oa and Beverly A. Peteraon, husband and wife
<br /> ("Borrower").Thawaaexis Norwest Saak Nebraska, National Association
<br /> ("'1i'custea").,'ThabaneG�iory�S Norwest Bank Nebraeka, Natianal Aasoc3atioa __
<br /> wfuci�.Ssor�aiti:,���cxistusgunderthels�suf ttn_i r_.ed States of America ,a�xlwhose
<br /> address9s 202 W. �3�ird Street, Graad island, Nebraska 68801 �
<br /> ("I.ender'). Borrower owes L.ender ths prinaipal sum of
<br /> $igh�teem Thousand Dollars aad No/100-------^ Dollars(U.S.$ 18,OOQ.00�. '3•
<br /> •�• This detit�is+ evid'paoed by Borrower's note dated the same date as this Security Tnstrument('Note"),which�zovides for
<br /> ;,, monthly paY_meaita,•!+rrth the full debt,if not paid eariier,due and payable on Sep.t smb er 1$ 9 2 008�, � •
<br /> This Securit�►��nsetument secures to I.ender:(a)the repayatent of thg debt evidet�l by ttna Note� wieh i�tereat��td e!!renewels,
<br /> �,nsiQns,�sn�;modlffcations of the Note; (b) the payment of alt�other sums,wAth intemst,advattcod_under p�cagraph 7 w
<br /> pmtact�th��s�xvri�ty of this Security Instrument; and(c) tho perfozmance of Bomnwer's covenanre• and a8rcements• For this
<br /> , purpas�. Barru�ber irrevocably grants and conveys to Trustee, in truat. wtth ibwer of sale,th+a foltotiving desctSbed property
<br /> ... . . logated�tn gall Goncl�r::Nebraska:
<br /> , ••� LO�. 13 and 15, Black 10, College Additioa ta' West I.awn, Citq �of _
<br /> , , , Grt�and Island, HalZ� County, Nebraska. .
<br /> ,,;, .
<br /> TSIS DEED OI+ TRUST SECURES AN OPEN EDiD RE�TOLVING LIIJB OF CREDIT.
<br /> SEB ATTACHED SOME EQIIITY LIK� OF CREDIT RIDER. �
<br /> whichhascheaddressof 2304 K. Lafayette, Grand Islaada [su�u.ci�y1.
<br /> Nebraska 68803 � ('Property Addre.rs°); _
<br /> [Zip Code]
<br /> TOOETHER WiTi{ail ths improvements now or hereaf�er•e�ud on th�ptaperty.and eli easements,a�purtenances.and
<br /> fextums now or hereafter a part of the Property. A11 reQtaoeff►ems a�nd additha�ns shail elso be mverad 6y this Security
<br /> Insuvment��All of ttte fon°.gotng�s�+eferred to in this 5ecurity tasteu�ent as the�Pz+uP�Y•"
<br /> ' � BORRaWER COYENANTS thnt•Bo�ower is lawfulty seised of the estctte Aemby conveyed end has the r�ght to�ant and
<br /> oonvey the Pmperty and thnt the Pr+operty is unancumbered. exoep�.far encumbraaces of recosd.Hott+nwer warcants and will
<br /> defend genexaUy the tide ta the i'mp�rcy a8ui�ss1 el�bla�ms at►d demend9; subject to eny encumbrances of remrd.
<br /> THIS SECURITY IATSIRUIN�NT uombinas uniE�onn covec�ants foz natioanl use and non—uaifom�covenants with�imited
<br /> vruiattons by jurisdiction�to oonsbtute a uniform�sesurity•insuument covering�eol tproPertY-
<br /> UNIFORM COVBMANTS.Borrower and dx�►der rovenant and ng�ee os ioll�ws: p p y �y
<br /> 1. Payment of Prineipal_and Interest; Prepi►9uient and I.ate Cbat�gee. Borrower shall ram tl when due the
<br /> �_� .....t toro�hs.bnc �iue u�der tl�e Nnte.
<br /> principsil of ead interest on[ne aeoc eviaert�ed'oy ii�c;:�a dn.�.��Y••w�..M-------�--
<br /> 2. �ads'far T�xes and insurame. Subject to applicable law or to a wntten waiver by Ler�der. Bor�ower shall pay to
<br />= Lender on the day momhly payments are due under the Note,until the Note is paid in PoII,a surn('Funds")for:(a)yearly f�xes _
<br />- and assessments which may attain priority aver this Security Insuument as a lien Qn the Pmperty:(b)yearly leasehold payments
<br /> or gnound��ms on the Property.if any:(c)�rearly ha7ard or propErty insurance premtunts;(d)yeacly fla�d insuraace prem[ums.
<br /> if any: (e)Yearly mortga�e insurancc prem�ums.�f any: artd (fl any swns payeble by Borrower w Lender.in a000tdance with _
<br /> - the provisions of paragraph 8,in lieu of the payment of mort�age insurance premiwns.These items are called"Esc�nw Items."
<br />. Lender may,at any time, rnllect and hold Furtds in an amount not to exceed the maximum amount a lender for a federally
<br /> relate�d mortgege loan muy requtre for Borrower's escrow axount u�er the (ederal Reai fivate SetUement Procedures Act of
<br />= 1974�s amendc�d from time to time; 12 U.S.C.Sectton 2601 et seq.("RFSI'A�).unless another Inw thut applies to the Funds
<br />- sets a lesser amount. If so. I.ender may. at any time, collect nnd hotd Funds in an amoant not to exceed the lesser amaunt.
<br /> Lender mny estimate the umount of Funds due on thc basis of curnent data and reasonable estimates of expendtwres af future
<br />- Esc�u�w Itr�a�o;c�thcrwise sa accasd3ttce t:�ith applicabl�taw.
<br />�' pEgpASItA-Singie Family-Fanrtts MseiFrodNs Mac UNIFOAM INSTitUMEIYT Crorm 3028 8f00 _
<br /> �Nl 12T97 MTO VMP MORt6AGE fONAS•13191283$f00�i800�421-7281 ve�+o�A Amend�d 6187
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