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<br /> ;� FHA Cosn No. ��=
<br /> , State of Nebraske DEED OF TRUST 321-19Q3164 I � �_
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<br /> i' THIS DEEO OF 'TAUST('Security InstrumenY) is made on 6ecemb�r 29th , 1997
<br /> s� The Wsta Is Cherles A.F. Parmer Jr. and Mlahella L. Parmer . Husband and WIfe�A�: ,lolnt Tenants �t _
<br /> (•Bo�, aer"). ��':
<br />- 7he trustee�s Commercid F�doral B�nk. A F�d�r�l Savinas Ba� (•Trustee•�.
<br /> 7he benenciary is Th� tav�rl�nd N�tional Bank o#Grand Island �
<br /> whlch la aganized and exlaling under the I�we o} Th� Unit� Stat�s of Am�rica , end whoso addrese is
<br /> 304 W�tt Thlyd Str�et Qr�nd I land. NE 88801 ("Lender•�
<br /> " � Borrower owo� Lender the princlpel sum o1 Fort��v�Thous�nd Nino�i,�ndr�d�nd OQ[�00
<br /> . Doll�re(U.S.S 4�Q0.00 l. Thle debt le evidenced by Burrower'a note
<br />' dated the eame date es thle Securlty Instrument ("Note"). whlch provldes far monthly payments. wilh ►he Iuil debt, If not pald
<br /> eerller. due�nd ptyeble on J�ft_U�►V 1, 2029 . This Sacudly Instrument secures to Lender. (a) the repeyment _
<br /> �� of the debt evldenced by the Note, wlth IntereaL end ali renewels, extenelonn end modi(Icatlons o1 the Note; {b) lhe payment of
<br /> ,�II ntnwr sums. with Interest. ad+ranced under pereqreph 8 to proteCt xhe security o1 thls Securily Instrument; and (a) tha
<br /> pe►formance ot Borrower's covenents end agreements under thla Securily Instrument and the N�te. For thls purpose, Borrower
<br />- Irrevocabty grente and canveys to Trustee, In truat, wlth power of sele, the fallowing descrlbed property located In
<br /> . • . Hall County; Nebraska: _
<br />{;•., The South Forty-elx (46) feot of Lot Ftve (b) end the North Twenty (20) feet of Lot Four (4), tn -
<br /> Y Block El6van (11), Cl�usaen Country View Addition to the City of Grand IslAnd, Hall County,
<br /> r� Ngbraska.
<br />;:... .
<br />-, : ,�.
<br /> . .�. —
<br /> . —
<br /> which has the addross of 1011 South Plum St. Grand Island.
<br /> [siruct] Ic�ty].
<br />_ ' � Nebraska _ 68801 ('Proporry Addross'); --
<br /> ' . � — [smto] (zip coac] -
<br /> TO�ETHER WITH alI the Improvements now or hereafter erocted on the property, and all easements, appurtenances, end �
<br /> fixtures now or hereafter e part of the property. P.il replacements and additfons shali be covered by thls Securlty Instrument. All
<br /> , . of tho forego(ng Is referred to in thls Secudty Instrument as the "Property". -
<br /> BORflOWER COVENANTS that Dorrower Is lawlully selzed of the eatate hereby conveyed end has the right to grant and ��
<br /> convey tho Property end ihat ihe Properly la unencumbered, except for encumbrences o1 recard. Borrower warrants and wlll �_'_=��>•
<br /> „ defend generally the title to the Property egalnat all clalms and demands,subJect to any encumbrances of record. `r"�'----
<br />- ���.�:�
<br />- THIS SECURI7'Y INSTRUMENT combines unllorm covanents for natlonal usa and non-uNbrm covenants with Iimited � `;��=�-�
<br /> variations by Judsdictlon to constRuto a uniform secwily Instrument covering renl property.
<br /> Borrower end Lender covenant and agree as follows:
<br /> UNIFORM COVENANTS.
<br /> 1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal oi, and interost
<br /> on,ihe debt evldenced by Ihe Note end IHte cherges due under tha Note.
<br /> . 2. Monthly Paymont of Tuxes, Insuranee, and Other Charges. Burrower shali Inciude In each monthly `
<br /> ! navment.toaether with the nrincfaal and Interest as set (otth in the Noto and eny lute chargos, a sum for(a) tuxes and speclal
<br /> i essessments levied or to be Ir,vied egolnst ihe Property. (b) lensehold peyments or ground rent3 on lhe Property. and (c) .
<br /> ' � premlums lor Insurance requlred under Paragreph 4.In eny year In which the I.ender must pay e mortgage Insurance premlum to �
<br /> � the SacrHary of Housing end Urban Development ('Secretary'), nr m any year in which such prnmium would havc� been required i
<br /> i
<br /> i( Lender stlll hold the Security Instrvmont, each monthly puyment shall Also IncludQ efther: (I) a sum for the ennual mortgage �
<br /> insurance remium to be aid b Lender to the Secreta or u a monthl char e Instead of e morl a e insurance remium ff �
<br /> P P Y �Y• (��) Y 9 9 9 P
<br /> - this Security Insirument Is held by the Secretery. in a reasonable amount to be determined by the Secretery. Except for the I
<br /> ' monihly charge by Ihe Secretary, these items are called "Escrow Items" and the sums puld to Lender are called "Escrow �
<br /> Funds."
<br /> � FS'�t.7.LM(i 19P361 P.�q� 1 �f!, 1
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