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[Space Above This Line For Recording Data]
<br />DEED OF TRUST
<br />THIS DEED OF TRUST ( "Security Instrument ") is made on May 15th 2000 The trustor
<br />is Kristie L. Pederson , a single person
<br />( "Borrower ")
<br />The trustee is Commercial Federal Bank, A Federal Savings Bank
<br />( "Trustee ")
<br />The beneficiary is Union Bank & Trust Company
<br />which is organized and existing under the laws of the State of Nebraska and whose address
<br />is 4732 Calvert Lincoln NE 68506 ( "Lender ").
<br />Borrower owes Lender the principal sum of Fifty Six Thousand Four Hundred and 00/100
<br />Dollars (U.S.$ 56,400.00). This debt is evidenced by Borrower's note dated the
<br />same date as this Security Instrument ( "Note "), which provides for monthly payments, with the full debt, if not paid earlier, due and
<br />payable on June 1, 2030 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced
<br />by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest,
<br />advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and
<br />agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described
<br />property located in Hall County, Nebraska:
<br />Lot 6, Houghkirk Subdivision in the City of Grand Island, Hall County, Nebraska
<br />which has the address of 1232 Warren Lane Grand Island
<br />Street City
<br />Nebraska 68801 ( "Property Address ");
<br />Zip Code
<br />TOGETHER WITH all improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now
<br />or hereafter a part of the property. All replacements and additions shall be covered by this Security Instrument. All of the foregoing is
<br />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 convey
<br />the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally
<br />the title to the Property against all claims and demands, subject to any encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with limited variations by
<br />jurisdiction to constitute a uniform security instrument covering real property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to
<br />Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ( "Funds ") for: (a) yearly taxes and
<br />assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or ground
<br />rents on the Property, if any; (c) yearly hazard or property insurance premiums; (d) yearly flood insurance premiums, if any; (e) yearly
<br />mortgage insurance premiums, if any; and (f) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph
<br />8, in lieu of the payment of mortgage insurance premiums. These items are called "Escrow Items." Lender may, at any time, collect
<br />and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for
<br />NEBRASKA - Single Family- Fannie Mae /Freddie Mac UNIFORM INSTRUMENT Form 3028 9/90
<br />F1029.LMG (10/99) Page 1 of 5
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<br />When recorded mail to:
<br />4,T
<br />Union Mortgage, Inc. 4732 Calvert
<br />Lincoln NE
<br />68506 ATTN:
<br />Final Docs
<br />[Space Above This Line For Recording Data]
<br />DEED OF TRUST
<br />THIS DEED OF TRUST ( "Security Instrument ") is made on May 15th 2000 The trustor
<br />is Kristie L. Pederson , a single person
<br />( "Borrower ")
<br />The trustee is Commercial Federal Bank, A Federal Savings Bank
<br />( "Trustee ")
<br />The beneficiary is Union Bank & Trust Company
<br />which is organized and existing under the laws of the State of Nebraska and whose address
<br />is 4732 Calvert Lincoln NE 68506 ( "Lender ").
<br />Borrower owes Lender the principal sum of Fifty Six Thousand Four Hundred and 00/100
<br />Dollars (U.S.$ 56,400.00). This debt is evidenced by Borrower's note dated the
<br />same date as this Security Instrument ( "Note "), which provides for monthly payments, with the full debt, if not paid earlier, due and
<br />payable on June 1, 2030 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced
<br />by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest,
<br />advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and
<br />agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described
<br />property located in Hall County, Nebraska:
<br />Lot 6, Houghkirk Subdivision in the City of Grand Island, Hall County, Nebraska
<br />which has the address of 1232 Warren Lane Grand Island
<br />Street City
<br />Nebraska 68801 ( "Property Address ");
<br />Zip Code
<br />TOGETHER WITH all improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now
<br />or hereafter a part of the property. All replacements and additions shall be covered by this Security Instrument. All of the foregoing is
<br />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 convey
<br />the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally
<br />the title to the Property against all claims and demands, subject to any encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with limited variations by
<br />jurisdiction to constitute a uniform security instrument covering real property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to
<br />Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ( "Funds ") for: (a) yearly taxes and
<br />assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or ground
<br />rents on the Property, if any; (c) yearly hazard or property insurance premiums; (d) yearly flood insurance premiums, if any; (e) yearly
<br />mortgage insurance premiums, if any; and (f) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph
<br />8, in lieu of the payment of mortgage insurance premiums. These items are called "Escrow Items." Lender may, at any time, collect
<br />and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for
<br />NEBRASKA - Single Family- Fannie Mae /Freddie Mac UNIFORM INSTRUMENT Form 3028 9/90
<br />F1029.LMG (10/99) Page 1 of 5
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