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<br />%ESt Bank Nebraska DEED OF TRUST
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<br />THIS DEED OF TRUST ( "Security Instrument ") is made on May 16, 2000 The trustor is
<br />Billy B Hayes and Marlys A Hayes, husband and wife
<br />( "Borrower "). The trustee is Norwest Bank Nebraska, National Association
<br />( "Trustee "). The beneficiary is Norwest Bank Nebraska, National Association
<br />which is organized and existing under the laws of The United State of America and whose
<br />address is 747 N Burlington Hastings Nebraska 68901
<br />("Lender "). Borrower owes Lender the principal sum of
<br />Fifteen Thousand and No /100 ------------------------ - - - - -- Dollars (U.S. $ 15,000.00 ).
<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 May 16, 2010
<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 ' ith_po , of sale the fullowiuc, , dasVrihPtl ❑rnn
<br />located in Hall
<br />County, Nebraska:
<br />LEGAL DESCRIPTION: Part of the NW1/4W /�ection 5, in Township 9 North, Range 9 West
<br />of the 6th P.M., in Hall County, Nebraska, described as follows, to– wit,; Beginning at
<br />a point in the East line of the Right of Way of the St. Joseph and Grand Island Railroad
<br />700 feet South of the North line of said SE1 /4 of Section 5, (which point is also the
<br />Southwest corner of Lot 6 of the County Subdivision of part of the S1 /2 of said Section
<br />5), running thence East along the South line of said Lot 6, and its extention, 610 feet;
<br />thence South 285.5 feet, thence WEst610 feet to said East Line of Right of Way, and thence
<br />North285.5 feet to the place of beginning.
<br />THIS DEED OF TRUST SECURES AN OPEN END REVOLVING LINE OF CREDIT.
<br />SEEg AA TACHED HOME EQUITY LINE OF CREDIT RIDER
<br />which has the address of 317 N First Street, Doniphan [Street, Cityl,
<br />Nebraska 68832 (' Property Address ");
<br />[Zip Code]
<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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