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<br />[Space Above This Line For Recording Data]
<br />DEED OF
<br />TRUST
<br />3 a a
<br />THIS DEED OF TRUST ( "Security Instrument ") is made on
<br />April 21,
<br />2 0 0 0
<br />The trustor is
<br />Randall R. Gates and Maureen L. Gates, husband and wife
<br />( "Borrower "). ThetrusteeisNorwest Bank Nebraska, National Association
<br />( "Trustee "). The beneficiary is Norwest Bank Nebraska, National Association
<br />which is organized and existing under the laws of United States of America and whose
<br />address is 202 W 3rd.. St.. ,Grand Island, NE 68801
<br />( "Lender "). Borrower owes Lender the principal sum of
<br />Twelve Thousand Foux Hundred Thirty Four and 50/100
<br />Dollars (U.S. $ 12, 434. 50 ).
<br />This debt is evidenced by Borrower's note dated the same date as this Security Instrument ( "Note "), which provides for
<br />monthly payments, with the full debt, if not paid earlier, due and payable on March 15, 2006
<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 of sale, the following described property
<br />located in Hall County, Nebraska:
<br />Lot Nine(9), in Block One (1) in Westerhoff's Second Subdivision being a
<br />resubdivision of theSouth Half of Block Three(3) and Four (4) and the North
<br />Half of Blocks Five (5) and Six (6), in Westerhoff's First Subdivision in
<br />the City of Grand Island, Hall County, Nebraska
<br />which has the address of 3120 West 17th Street, Grand Island
<br />Nebraska 6 8 8 0 3 ( "Property Address ");
<br />[Zip Code]
<br />[Street, City],
<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 of 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 />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non- uniform covenants with limited
<br />variations by 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 the
<br />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
<br />and assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments
<br />or ground rents on the Property, if any; (c) yearly hazard or property insurance premiums; (d) yearly flood insurance premiums,
<br />if any; (e) yearly mortgage insurance premiums, if any; and (f) any sums payable by Borrower to Lender, in accordance 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 for a federally
<br />related mortgage loan may require for Borrower's escrow account under the federal Real Estate Settlement Procedures Act of
<br />1974 as amended from time to time, 12 U.S.C. Section 2601 et seq. ( "RESPA "), unless another law that 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
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