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200000732
<br /> . grants and conveys to Trustee, in trust, with power of sale,the foliowing described property located in the County of
<br /> Hall ' � , State of Nebraska:
<br /> , - � ; . • -
<br /> .
<br /> Lot Six (6) in Sunset Fifth Subdivision, City of Grand Island, Hall County,
<br /> Nebraska.
<br /> . . r' ?94�"
<br /> which has the address of 4 0 0 9 Kay Avenue
<br /> Grand Island [City� , Nebraska 68803 [ZIP Code] (herein "Property Address")
<br /> TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights,
<br /> appurtenances and rents (subject however to the rights and authorities given herein to Lender to collect and apply such
<br /> rents),all of which shall be deemed to be and remain a part of the property covered by this Deed of Trust;and all of the
<br /> foregoing, together with said property (or the leasehold estate if this Deed of Trust is on a leasehold) are hereinafter
<br /> referred to as the "Property";
<br /> TO SECURE to Lender the repayment of the indebtedness evidenced by Borrower's note dated
<br /> January 18, 2 0 0 0 and extensions and renewals thereof(herein "Note"), in the principal sum of
<br /> U.S. $ 19, 500 .00 , with interest thereon, providing for monthly installments of principal and interest,
<br /> with the balance of the indebtedness, if not sooner paid, due and payable on February 3, 2008 ,
<br /> the payment of all other sums,with interest thereon,advanced in accordance herewith to protect the security of this Deed
<br /> of Trust; and the performance of the covenants and agreements of Borrower herein contained.
<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 covenants
<br /> that Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to
<br /> encumbrances of record.
<br /> UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principai and Interest. Borrower shall promptly pay when due the principal and interest
<br /> indebtedness evidenced by the Note and late charges as provided in the Note.
<br /> 2. Funds for Ta�ces and Insurance. Subject to applicable law or a written waiver by Lender, Borrower shall pay
<br /> to Lender on the day monthly payments of principal and interest are payable under the Note, until the Note is paid in
<br /> full, a sum (herein "Funds") equal to one-twelfth of the yearly taxes and assessments (including condomiruum and
<br /> planned unit development assessments, if any) which may attain prioriry over this Deed of Trust,and ground rents on
<br /> the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly
<br /> premium installments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br /> Lender on the basis of assessments and bills and reasonable estimates thereof. Borrower shall not be obligated to make
<br /> such payments of Funds to Lender to the extent that Borrower makes such payments to the holder of a prior mortgage ar
<br /> deed of trust if such holder is an institutional lender.
<br /> If Borrower pays Funds to L.ender, the Funds shall be held in an institution the deposits or accounts of which are
<br /> insured or guaranteed by a federal or state agency (including Lender if Lender is such an institution). Lender shall apply
<br /> the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender may not charge for so holding
<br /> and applying the Funds, analyzing said account or verifying and compiling said assessments and bills, unless Lender
<br /> pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender
<br /> may agree in writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to Borrower,
<br /> and unless such agreement is made or applicable law requires such interest to be paid, Lender shall not be required to
<br /> pay Borrower any interest or earnings on the Funds. Lender shall give to Borrower, without charge, an annual
<br /> accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was
<br /> made. The Funds are pledged as additional security for the sums secured by this Deed of Trust.
<br /> Initials: �
<br /> � -76(NE) �saos> Page 2 of 6 Form 3828
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