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. . �� 2000004�5� • � , C� .�rt When recorded meil to: Unlon Bank and Trust Company 4732 Calvert Street Lincoln, NE 68506 _ [Spece Above Thls Une For Fecording Dala] �� `�� DEED OF TRUST � TFIIS DEED OF TRUST ("Security Instrumenl") is made on OCtobe� 7th 1999 . Tiie Irustor is James E. Price and Dee M. Price ,also knowi� as Deloris R. Price, husband and wife ("Borrower"). The trustee is Unlon Bank And Trust Company P.O. Box 82535 Lincoln, NE 68501-2535 , ("Trustee"). The beneliclery Is Unlo� Bank and Trust Company whi�h is organized and exisling under the laws o( th9 St8t9 of Nebraska , and whose address is 4 732 Calvert Street Lincoln, NE 68506 __..___ �"Lender��. ----- ---------- - �s — E3orrower owes Lender ihe principal sum or Four Hundred_Thousand and 00 100 --- - ------ -- ---- ----..._.___. _ __ __ Qolt�rs (U.S.$ 400,000.00), This-debt is eviciericed bjr Elorrower's nole dated ihe same date as this Security Instrumenl ("Note"), which provides for monthly payments, with tfie tuil c�cb1, if not paid •earlier, due and payable on November 1, 2029 . This Security Inslrumenl secures to Lender: (a) the repayment o( ihe debt evidenced by tlie Note, with interest, and all renewals, extensions and modificalions of lhe Nole; (b) ihe paymenl of all olher sums, with interest, advanced under paragraph 7 lo protect lhe securily of Ihis Securily Inslrument; and (c) tfie periorrnance ol Borrower's covenanls and agreements. For ihis purpose, Borrower Irrevocably grants and conveys to Trustee, in irusl, with power of sale, the loilowing described property located in Hall County, Nebraska: Lot 13, Bluck 1. Ponderosa Lake Estates Third Subdivision, an Addition to the City of Grand Island, Hall County, Nebraska. Certified True and Correot Copy oY the ort:�i��l ahich '�as been tranFmitted for reaordation• - HO:�{ESIDE L ING. IN . � � � �� _ By wnich has the address ot 172 Ponderosa Court , Grand Island saoet � c��r Nebraska 68803 ("Properly Address"); �, Zlp Code TQGETHER WITH aU improvemerils nnar_Qc hereafter erecled Qn Ihe Rr4�tQrty, and all easemenls, appurtc�nances, and lixlures now or t�erealter a part ol lhe property. All replacements and additions shall be covered by tf►is 9ecurity Instrument. All of the toreyoing is referred lo in this Security Instrument as Ihe "Property." BORROWER COVENANTS lhat Borrower is lawfully seised of the estate hereby conveyed and has the righl to granl and convey tlie Property and lhat the Property is unencumbered, excepl lor encumbrances of record. Borrower warrants and wiil defend generally tfie title to the Property against all claims and demands, subject to any encumbrances ol record. � THIS SECURITY INSTRUMENT combines unilorm covenants for nationai use and non unilorm covenants with limited variations by Jurisdiction to constitule a uni(orm security instrument covering real property. UNIFOFiM COVENANTS. Borrower and Lender covenant and agree as lollows: 1. Payment of Principal and Interest; Prepayment and Late Charges. oorrower shall promptly pay wl�en due Ihe principal of and interest on the debl evidenced by the Note and any prepayment and lale charges due under the Note. 2. Funds for Taxes and Insurance. Sub�ect lo appiicable law or to a wrilten waiver by Lender, 8orrower shall pay lo Lender on lhe day monlhly paymenls are due under the Note, unlil ihe Note is paid in lull, a sum ("Funds") for: (a) yearly taxes and assessrnenis which may attain priority over ihis Security Inslrument as a lien on the Property; (b) yearly le�sehold payments or ground renls on the Property, fl eny; (c) yearly hazard or property insurance premiums; (d) yearly flood insurance premiums, if any; (e) yearly moitgage insurance premiums, if any; and (� any sums payable by 8orrower to Lender, in accordance with Itie provisions of paragraph e, in lieu of ihe payment o} mortgage insurance premiums. These ilems are called "Escrow Items." Lender may, at any time, collect and hold Funds In an amount not to exceed ihe maximum amounl a lender for a tederally related mohgage loan may require lor NEBMSK/1 Single Femlly-Fennle Mae/Freddle Mac UNIFORM INSTRUMENT Form 3028 9�30 F1029.LMG (6I99) Page 1 0l 5 � I