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<br /> �:�,� '�',� THISDEEDOFTRUST�'Se�vdtylnstrument")isma,deon 5eptember 8, 1997 .T�emcStoris --�--
<br /> 4, �..,�.:�.
<br /> ..��,� � C;.=_�.:�
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<br /> � � . _ ... Pbillip C. Hor�ar and Sharon L. Hauimar �°:::-�
<br /> . .. � �
<br /> • � 1"Bortowcr"l.Thc Itustce is ��'-�
<br /> Nor�reet Bank Nebraeka Natianal Association �: -�.�
<br /> , "' '..`;� �':`
<br /> . . ;,. --
<br /> :••-• . ("Trustee"/.'17�e beneficinry is Norwest Bank Nebraeka Natiaaatl Associatioa �T��
<br /> .. , . ����-
<br /> � " � which is organized and existin�under the laws of IIaited States of America .��huse — -
<br /> • ..':'i �d�s� 202 Wes t Thisd S treet -"'° '
<br /> - Grand Island NE 68801 ("1.ender").Borrawerowes l.ender the principal sum of _�:___
<br /> Thisty Thouaaad aad no/100------------�—'—°—"Dollais(U.S.$ 30,000.00 ). _ __
<br /> �` ` � This debt is evideaced by Bonower s note dated the same date as this Securiry Instrument("Note").which provid�for �?:.._�-
<br /> �� � - ��. ' monthly paymeau.with the futl deb�if not paid earlier.due and payabte on S ep t emb ex 8, 2002 • • __
<br /> � " • �' Tius Seeurity Instnunent secures to Lender.(a)the repayment of the debt evidenced by the Note.with interest,and all c�ewats. -
<br /> � ' ' � extensions and modifiptions of the Note;(b)the payment of all other sums, arith interest. advanced under paragraph 7 to
<br /> - .. � protect tl�e securiry of this Secnrity Instrument; and (c) the perFormanae of Borrower's coveaanu and;�.�*�. For this • �=___.
<br />. , ;�.h;s;:• � purposs. Borcower irrevoexbly grdr�s arid conveys to Trustee. in trust,with power of sale.the followin���cn"I�propecty -
<br /> • ,°'`i . located in Counry•.a�racka: °� _-
<br />- . Hall ' . � __
<br /> � . .:,���I, Lot 35, Raveawood 3ubdivlsion, Hall County, Nebraska.
<br /> . . _ __
<br /> �• . " Tbia deed of trust aecures as opea ended revolviag liae of credit. _,
<br />- � . See attached Home Equitp Lim� of Credit Rider. --
<br /> . .' which h�s the address of �5;..�..-�.Ciryl. . � }
<br /> 4612 Tara Place Grand Island �„_..:
<br />- '• Nebraska 68801 l"P�operty Address"): • - -
<br /> .. l2ip CadeJ . ��`.:.
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<br /> • - ' TO(3E77iER WITH all the improvemenu now or hereafter erected on the property.and ail easemer.cs,a��xs.aad =_=--
<br /> . • �� fixtures now or hereafter a part of the property. All replacements and addItions sball also be cove�rer by tfiiis Setudry - -
<br /> ' _ . "' Instrument.All of the foregoing is referred to in this Security Insnument as the"Property.° --
<br /> - • ' BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grnnt and �'
<br /> ' � •� convey the Ptoperry and that the Property is unencumbered,except for encumbrances of recard. Borrower warrants and will —
<br />_ � defend generally the tide to the Property against all daims and demands,subject to any encumbrances of reeord. �`�
<br /> � THIS SfiCURITY 1N5TRUMENT cumbines uniform awenants for natlonal use and non-uniform oovenants with limited _
<br /> • ." , variations by jurisdIcxion to constitute a aniform securiry instrument covering real properry. � .
<br /> � .,. UN1FOItM COVENAN'f5.Borrower and Lender covenant und agree:is foll�wc: ,
<br /> • l. Payment.of Principal and lnterest: Prepayment and Late Charges. Bonower shull promptly pay when due the
<br /> _ ', _� • principal of and interest on the debt evidenced by the Nate:uid any prepayment and late charges due under the Note. -�
<br /> E. Funds Yor Texes end insuraace.Subject to applipble law or to a written waiver by Lender. Borrower shal) pay to
<br /> � '. Lender on the day monthly payments are due under the Nate.until the Note is paid in full,a sum("Funds")for:(a)yearly taaes ,
<br /> �' ` and assessments which ma attam riorit over this Securi Instrument as a lien on the Pm e (b)yearl leasehold a ments �
<br /> _ Y P Y tY P KS': Y P Y
<br /> or ground rents un the Property.if any: (c)yearly harard or property insurance pr.emiums:(d)yearly fload insurance premiums. • _
<br /> • . -.-= if any: le)yeariy mortgage�nsurssnce prertuum�. if any:ai►d f i'>ar+y su�papablc by B�rrower to(,e�ler, i�acmrdance with __ -.-
<br /> - • the gravisions of paragraph 8.in lieu of the payr:�er.t of mortgage iasurance preminms.These items aae ralled"Escrow Items." .
<br /> _ � •• �. � Lend�may.at a�r cir�:..co1[e� a�d hald Fur.ds in an amo�.a._�t rtot to exceed the maaimum amoie:t a lender for�federalty �•
<br /> '';��� ` � . related:T:ortgage loan may re5u3.e for Borrou•er's escrow a�unt under the federal Reai Estate Sett!er,:er.t Praceal�res Act of
<br /> ; ��.�.`��' . l974 zs amenCed fra�time to nme. 12 U.S.C.5ection 2601 et seg. 1"[tLSPA").unless another!aw t'.:at appiies to the Fu�tds
<br /> 4a"�,' ' � sets a tessQt atr.ocr_*. If so. Lender may,ac �^.y time, collect anJ hold Fua�ds in an amount not to eYCeed the tesser amount. •
<br /> - �• . Lender�rnay estimate the amount of Funds due vn the basis of current dat:s and reasonable estimates of expenditures of future
<br /> . -_- -_-_ _ �scr�cr ltems or ctltcrcu�isc ia acrnrdaiece uith ap�liasble law. -
<br /> • � NEBflASKA-Sing►e famdy-iannie Mae/Froddte Mao UNIFORM INSTRUMENT ppnn 3028 8190
<br /> �N��n97�Q YMP MOf7TGAGE FORMS 131312'J3 8100 �800�52� 7791 Pepe 7 of a AmonQed b191 �. �`�
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