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<br /> DEED OF TRUST �3 oZ� ��-s`3 �
<br /> �rwest Bank i��bras� d
<br /> �. b. �c��c ���C�t� "s
<br /> Albuqu�rq��, N11� ��q�unry��� �
<br /> � THIS DEED OF TRUST ("Security Instrument")is made on DECEMBER 15, 1999 . The trustor is
<br /> MICHAEL L OLSON AND MARIAN L OLSON, HUSBAND AND WIFE
<br /> ("Borrower"). Thetrusteeis NORWEST BANK NEBRASKA, NATIONAL ASSOCIATION
<br /> (°Trustee"). The beneficiary is NORWEST BANK NEBRASKA, NATIONAL ASSOCIATION
<br /> which is organized and existing under the laws of THE UNITED STATES OF AMERICA , and whose
<br /> address is 4425 Center St.reet Omaha, [Vebraska 68105
<br /> ("Lender"). Borrower owes Lender the principal sum of
<br /> TWENTY FIVE THOUSAND SIX HUNDRED NINETY SEVEN AND 50/100 Dollars (U.S. $ 25,697.50 �•
<br /> This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("I�Iote"), which provides for
<br /> monthly payments, with the full debt, if not paid earlier, due and payable on J�UARY 15, 2025 •
<br /> This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals,
<br /> extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to
<br /> protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this
<br /> purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power ofi sale, the following described property
<br /> located in �LL County, Nebraska:
<br /> LOT 27, MORNINGSIDE ACRES SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> which has the address of 2503 PARKVIEW DR, GRAND ISLAND fs�rect,c�ry],
<br /> Nebraska 68801 ("Property Address");
<br /> �Zip Code�
<br /> TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and
<br /> fixtures now or hereafter a part ofi the property. All replacements and additions shall also be covered by this Security
<br /> Instrument. All of the foregoing is referred to in this Security Instrument as the "Property,"
<br /> BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and
<br /> convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will
<br /> defend generally the title to the Property against all claims and demands, subject to any encumbrances of record.
<br /> TH[S SECURITY iNSTRUMENT combines uniform covenants for nationai use and non-uniform covenants with limited
<br /> variations by jurisdiction to constitute a uniform sccurity instrument covering real property.
<br /> UNIPORM COVENANTS. Borruwer and Lender eovcna��t and agree as follows: .
<br /> 1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due the
<br /> principal ot��ind interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br /> 2. Funds for Taxes and Lisurance. Subject to applicable law or to a written waiver by Lencier, Borrower shall pay to
<br /> Lendcr on the d�iy monthly payments are due under the Note, until the Note is paid in fuli, a sum ("Funds") for: (a) ycarly taxes
<br /> and assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly Ieasehold payments
<br /> or ground rents �>n the Property, ifi any; (c) yearly h�izard or property insuranec premiums; (d) yearly (lood insurance premiums,
<br /> if an�; (e) ye�irly mortgage insurance prem�ums, if any; and (� any sums payable by Borrower to Lender, in accordancc with
<br /> the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called "Escrow Items."
<br /> Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender f��r a federally
<br /> related mortgage loan may require for Borrower's escrow account under the federal Real Estate Scttlen�ent Procedures Act of
<br /> 1974 as amended from time to time, 12 U.S.C. Section 2601 et secJ. ("RESPA"), unless another law tha� applies to the Funds
<br /> sets a lesser amount. If so, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount.
<br /> Lender may estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future
<br /> Escrow Items or otherwise in accordance with applicable law.
<br /> NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 9/90
<br /> �NI 12T97 MTG VMP MORTGAGE FORMS-(3131293-8700-18001521J291 Page 1 of 4 pmn.,.lo.� �/07 L �_
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