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SPACE ABOVE THIS LINE FOR RECORDING DATA
<br />DEED OF TRUST
<br />NOTICE: THE ADJUSTABLE RATE NOTE SECURED BY THIS DEED OF TRUST CONTAINS PROVISIONS
<br />ALLOWING FOR CHANGES IN THE INTEREST RATE AND MONTHLY PAYMENT AMOUNT. THE
<br />ADJUSTABLE RATE NOTE ALSO LIMITS THE AMOUNT THAT THE INTEREST RATE CAN CHANGE AT
<br />ANY ONE TIME AND THE MINIMUM AND MAXIMUM INTEREST RATE THAT THE BORROWER MUST
<br />PAY.
<br />THIS DEED OF TRUST ( "Security Instrument ") is made on APRIL 20
<br />, 2000
<br />The trustor is JAMES R. BIXENMANN AND CATHERINE A. BIXENMANN, HUSBAND
<br />AND WIFE
<br />( "Borrower ")
<br />The trustee is WALTER L. GRIFFITHS, ESQ.
<br />( "Trustee ").
<br />The beneficiary is AAMES FUNDING CORPORATION, A CALIFORNIA CORPORATION, DBA
<br />AAMES HOME LOAN
<br />which is organized and existing under the laws of the state of CALIFORNIA and whose
<br />address is 3347 MICHELSON DRIVE, SUITE 300, IRVINE, CALIFORNIA 92612
<br />( "Lender ").
<br />Borrower owes Lender the principal sum of SIXTY THOUSAND SEVEN HUNDRED FIFTY AND
<br />00 /100
<br />Dollars (U.S. $60, 7 5 0 . 00 ). This debt is evidenced by Borrower's note dated the same date as this
<br />Security Instrument ( "Note "), which provides for monthly payments, with the full debt, if not paid earlier, due and
<br />payable on MAY 1, 2030 . This Security Instrument secures to Lender: (a) the
<br />repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note;
<br />(b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security
<br />Instrument; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the
<br />Note. For this purpose, Borrower irrevocably grants, bargains, sells, conveys and confirms to Trustee and its successors
<br />and assigns, in trust, with power of sale, the following described property located in
<br />HALL County, Nebraska:
<br />LOT 2, IN BLOCK 3, IN SOUTH GRAND ISLAND, AN ADDITION TO THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />which has the address of 710 SOUTH KIMBALL STREET
<br />GRAND ISLAND , Nebraska 68801
<br />( "Property Address ");
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security 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
<br />grant and convey the Property and that the Property is unencumbered, except for the lien of real estate taxes and
<br />assessments that are not yet delinquent and encumbrances of record. Borrower warrants and will defend generally the
<br />title to the Property against all claims and demands, subject to the lien of real estate taxes and assessments that are
<br />not yet delinquent and any encumbrances of record.
<br />NEBRASKA ARM PROGRAMS (REV. 03/97)
<br />Document Systems, Inc. (800) 649 -1362 Page 1 of 7
<br />Borrower Initials
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<br />SPACE ABOVE THIS LINE FOR RECORDING DATA
<br />DEED OF TRUST
<br />NOTICE: THE ADJUSTABLE RATE NOTE SECURED BY THIS DEED OF TRUST CONTAINS PROVISIONS
<br />ALLOWING FOR CHANGES IN THE INTEREST RATE AND MONTHLY PAYMENT AMOUNT. THE
<br />ADJUSTABLE RATE NOTE ALSO LIMITS THE AMOUNT THAT THE INTEREST RATE CAN CHANGE AT
<br />ANY ONE TIME AND THE MINIMUM AND MAXIMUM INTEREST RATE THAT THE BORROWER MUST
<br />PAY.
<br />THIS DEED OF TRUST ( "Security Instrument ") is made on APRIL 20
<br />, 2000
<br />The trustor is JAMES R. BIXENMANN AND CATHERINE A. BIXENMANN, HUSBAND
<br />AND WIFE
<br />( "Borrower ")
<br />The trustee is WALTER L. GRIFFITHS, ESQ.
<br />( "Trustee ").
<br />The beneficiary is AAMES FUNDING CORPORATION, A CALIFORNIA CORPORATION, DBA
<br />AAMES HOME LOAN
<br />which is organized and existing under the laws of the state of CALIFORNIA and whose
<br />address is 3347 MICHELSON DRIVE, SUITE 300, IRVINE, CALIFORNIA 92612
<br />( "Lender ").
<br />Borrower owes Lender the principal sum of SIXTY THOUSAND SEVEN HUNDRED FIFTY AND
<br />00 /100
<br />Dollars (U.S. $60, 7 5 0 . 00 ). This debt is evidenced by Borrower's note dated the same date as this
<br />Security Instrument ( "Note "), which provides for monthly payments, with the full debt, if not paid earlier, due and
<br />payable on MAY 1, 2030 . This Security Instrument secures to Lender: (a) the
<br />repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note;
<br />(b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security
<br />Instrument; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the
<br />Note. For this purpose, Borrower irrevocably grants, bargains, sells, conveys and confirms to Trustee and its successors
<br />and assigns, in trust, with power of sale, the following described property located in
<br />HALL County, Nebraska:
<br />LOT 2, IN BLOCK 3, IN SOUTH GRAND ISLAND, AN ADDITION TO THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />which has the address of 710 SOUTH KIMBALL STREET
<br />GRAND ISLAND , Nebraska 68801
<br />( "Property Address ");
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security 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
<br />grant and convey the Property and that the Property is unencumbered, except for the lien of real estate taxes and
<br />assessments that are not yet delinquent and encumbrances of record. Borrower warrants and will defend generally the
<br />title to the Property against all claims and demands, subject to the lien of real estate taxes and assessments that are
<br />not yet delinquent and any encumbrances of record.
<br />NEBRASKA ARM PROGRAMS (REV. 03/97)
<br />Document Systems, Inc. (800) 649 -1362 Page 1 of 7
<br />Borrower Initials
<br />
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