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<br />DEED OF TRUST
<br />89- 10242
<br />THIS NED OF TRUST ('Security Instrument ") is made on this _ 5th daryol _MY
<br />19 9 The tnlstorIs David A. Zuehlke and Paula J. Zuehlke- husband-,,,and wife y
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<br />("Bona+hver'g. TNe trustee le t;,ommercial FeQrtral Savings and Loan Aeeociuiorh.
<br />('Truuee'. The befhef imV is Commercial Fidsral Savings and Loan Asspciabon. which is organized and existing under the taws of Nebraska, and Wthoee aft as is 44W Fa nam. Omaha. -• -
<br />Nebaskasef3l( ender .S ornmerow .ef.ander tisprkhapalsumof Twenty thousand nine hundred eighty seven dollars and 4jjjQ ,
<br />(U.S. S 20, 987.41 ). This debt is evidenced by Borrower's note dated the same date as this Security, Y Wument (•Note), which prOWt'Is for monthly payments. with the ,
<br />full des. it not paid earlier• die and payable on May 9, 1999 •.
<br />This Security ktanment seams to Lander (a) the repayment of the debit evidenced by the Note. with inle". and sty terw ate, extensions and rivoAlgatons, (b) the payment of ail other
<br />suns. wilh infer adwhced under paragraph 7 to p>rtt.a the secur" of this Sear" insi m6liff, and (c) the Perfontsance of Bonower s covierwU,Wd ageemer(ts. For this purpose.
<br />Borrower irrevocably grartfs and conveys to Trustee. in trust• with power of safe, rte following described property locatedih Hall County. Nebraskr
<br />Lot 26, Potash Subdivision, Grand Island, Hall County, NE
<br />whiat has the, au, of 4029 Reed Road ; —Grand Island
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<br />63303 (Street;
<br />(Wr7r8ake - ("Property Addiaw");
<br />TOGETHER with all the ir(grovar iMS now or hereafter erected on the property, a' °, all easements• rights, appal ttxnances, rents, royaNies. m(neW. oil and gas rights and profits, water
<br />rkphts and stock and all fixtures now or hereafter a Tat of the property. All replacemenr and additions shag also be covered by this Security Irstrarsnt All of the foregoing is reterred to in
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<br />this Secutty fa -hart as the "Property."
<br />SORB ER C.,aMNANTS that Borrower is lawt'4i sensed of the estate hereby =o veyed and has the right to grant and convey the Pnspekry and Val the Property is unencumbered.
<br />except tee estcx1y. astcae of re cord. Borrower warrants and will defend generally the Mle to the Property against all claims and demands, subject to any encumbrances of record.
<br />TH S 9'-(_%r b-TY INSTRUMENT combk»s uniform covenants for rMonal use and ran - uniform covenants with 6n'ated variations by juristlfetion to constitute a uniform security instrument
<br />rag•reeL`;biac!etty.
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<br />' • TN1F(�RFt=_,Vz1wTs. Borrow a, Ind Lander cir wnarn and ag t z M. follows:
<br />1. Pni 101t CO MIrrIO iqM and MAnMt: Prepeyceeq surd Late CtsarPL Borrower sr I promptly Pay when due tine principal of and inWiest on ffrii deist evidenced by the Note and any
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<br />prepeyrtrenl and iijeg r�.9jtgee due ixyler tie Note.
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<br />2. Funds for basso and f(ieura(hoe. Subject to ap,:l,,cable law or :t: -a waten waiver by Lender. Borrower shall pay to Lender on the day trionthiy prprierts are due under the Note. until
<br />the Note is paid in M-: a sum ("Funds') equal to one—twelfth of: (a,, +i®aiN taxes and assessments which may attain:,P bOrdy over this Security InstiltMant: (b) yearly leasehold paymenL, or
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<br />ground rents on the Property, it any; (c) yearly hazard insurance premita a. and (d) yearly mortgage insurance premiums, if any. These items are called "escrow Items.' Lender may estimate
<br />the Funds due on the basis of current data and reasonable estimates :t future escrow items.
<br />The funds shag bs held Men inetihstion to deposib tr. menu � c» w" ct W� E•tcur„3 c � .r.:rltaa:. by a farioral ibr s4rid ikyericyr (including i a'ndar.a Lender is such an inetijlrtidr). Lervler
<br />*wrap* the Funds to pay the escrow items. Lender may not charge for holding and apply(ng the Funds, anaor g f)1e amount or verifying tP,a OaM4v items, unless Lender pays Borrower
<br />interest on the Funds and applical* law permits Lender to make such a charge. Borrower and Lender may agree in writing that interest shall be paid On the Funds Unless an agreement i3
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<br />made 2'1111*00 le law regkuires Interest to be paid. Lender shall not to required to pay Borrower any interest or earnkgs on the Funds, Lender affil% give t0 Bonowsr, without charge, an
<br />srmtu( xoouNkg of the Funds shttilNhg credits and debits to till Furtda 3Rd the purpose for which read t debit to the• Funds was made; The Funds anal pledged as additional security for the
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<br />56M oucured by this Security Instrlxnant.
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<br />ifl ow, iii cunt of the Funds herd by Lender. togslher wNh the kntium rridi4 y payments of Funds paysbiky ptior to the clue dates of Se --50tw items. shall exceed the ar n-nt - squired to pay
<br />Lie tasas-:w items when due• the excess shag be. at Berrow 'd 001W.., `either promptrrt m03141 to Borrower of credited to 90rrawer on m34jtiy paprerrA of funds. It the rv,:nt of the Funds
<br />held by Lender
<br />is':cr.3•.•tP.cient to pay fie escrow items when due, SCMwer shall pad,, vs Lender any amount necessary to make up the defictercy, In one or more payments as required by
<br />Lender.
<br />Upon psymern. rr. crab i ors) sums secured by this Seu.Y+lr Instrument, Lender shall promptly refund to Borrower arrl Funds hold by Lender- it under paragraph 19 the Property is sold or
<br />acquired by Lender; (, gtuyw grall anfyi, no later than rrrtediately prr_< ?o the sale of the Property or its acquisition by fender, any Funds held W Lerdef at the time of application as a credit
<br />against the sums Mein a bw tms sft;j fy Instrument.
<br />3. AppNestlon Of Psyehirtle, L lgo appicabis far pr;vides c&)n•Ntr:;a, all payments received by Lo^ider under paregrapths t and 2 shall be applied: first• t0 late charges due under the
<br />Note: second. to prepayment changes due under the iwi* third. W awash-_ payable under paragraph 2, fourth, to interest due: and fast, to principal due,
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<br />4. Cfergas; Illo r. 1.4orroxer shall pay all taxes, straiessmertts, . v7fnuls, fines a:vS :repositions attributable to the Property which may attain prtcn y cmu this Security Instrument, a ?:
<br />*Uo hold paymer.+ss,a•;round rents. if any. Borrower �110 pay these :citgabons ir; inns r caner provided in paragraph 2, or if not paid in that marner. 8 r +war shall pay them on time dues".••
<br />to the person oww my nanl. Borrower slaty promptly r ;mish to Lancer all naticim M mr—ounts to be paid under this paragraph. If Borrower trakem these payments di ectly, Borrower Shan
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<br />Promptly famish to wider receipts evidencing the payments.
<br />F, :rroww shall promptly discharge any Ion a!hich has priority ctsy tmg '3ecugry Instrument unless Borrower; (a) agrees in writing to the paykrerr•101 the obligation Sec.-4, Cy the hen in a
<br />ardrrxar acceptable to Lender; (b) MMests in good faith the lien ,:retetlds against enforcement of the lien in, foal proceedings which, in tile, Lender's opinion ope.•_ ;s to prevent the
<br />erfunAiment of the lien or forfeiture of any part of the Property. or (a ::Ia7.xVsfrom the holder of rile lien an agreement dali3faictory to Lo17or 5ubo Git'.3ting the hen to this Security instrument.
<br />If fjoider determines that any part of the Property is subject to a he-r acres may attar p:rority over this Security instrument, Lender may Bea
<br />aloe ;thur a .::ice identifying the lien. Borrower
<br />shall satisfy the roan it take one or more of the actions set forth abate ,vnl tin 10 dz;,3 cl the giving of notice.
<br />S. Nazard Vieurairim. Borrower shall keep this improvements new, eusang or heeafter erected on the Property insured against loss by ;re. huzu•ra n:,. d within the term
<br />-extended
<br />coverage" and any Oche► hazards for whk;h Lender requires insurai i (iis insurance shag be maintained in the amounts and for the penod3 `"- Ur ncW naasrz The •rsurance carrier
<br />providing the insurance shag be chosen by Borrower subjecl to Len-0!s rs:.proval which shall not be urrimcnably withheld
<br />Ag ltsurance POlicirs and renewelt NO be accept" to Lender arid. ,hall klelude a standard mare ;cause. Lender shall have the right to' ho'd r;e ,= A::es a: t' :rates i ; a Lander
<br />re�urea,. 3oroiwr shall prix" giwh in Lender ON receipts of paid pmmiums and renewal notices. In tr.:v a,,e ,t of ions• Borrower shall give prompt reties to I: 9 insurartea ar•+_s a :s U.,.�. r
<br />Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lander and Soromer otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property damw,00If Re restoration or repair is eoonar, r:J:
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<br />feasible and Lenders security is not lessened If the restoration or Wait is not economically feasible or Lender's security would be [asserted, flirt m surance proceeds shall be app;ied to •ter,
<br />sums secured by this Security instrument, whether or not then due, with any excess paid to Borrower. It Borrower abandons the Property. or .does not answer within 30 days a roacc fn:up
<br />Lender that the insurance carer has offered to sett a clam, the Lender may colleLt th9 i^ --ranco pr, aids. Lender may use the proceeds to tfgssr of restore the Property cr to p„t stinro;
<br />Secured by Min SMrdy inStfunwnt, whetter or not their due. The 30•day period wig begin when the notice is given.
<br />Lk"" Lender and Borrower otherwise agree in writing, any application Of proceeds to prtncipal shall not extend Of postpone tie due data of Ifte m nthly payments referred to in parag,vr;hi �
<br />I and 2 or sharps the amount of the payments. It under paragraph 119 the Property is acquired by lender. Borrower's rgrit to any insurance pt9 cles and proceeds resulting from dara�i; ill-
<br />the Property prior to the eOquisihon shag pan to Lender to the extent of the sums secured by this Security instrument Immediately to the acq..silion.
<br />prior
<br />A. P11aMVWM WA AO&Amsnce of Property; Lemeho!ds. BofraAw shah not destroy. damage or substantially Chtange the PtWOMY. 411101- tie Property to deteriorate or commit waste
<br />t this Security instrument is cn leasehold. Borrower stall Comply with the provisions of the lease, and if Borrower acquires fee title to the Property, ttV leasehold and fee title shall not merge
<br />unless Lender agrees to the merger in writing.
<br />7 PrONotlxh of Lender's Rights In the Property; Mortg ige Inaurence. It Borrower fails to perform the covenants and agreements contained in this Security Instrument, or there is a
<br />legal Proceeding that may Srgfiit saintly affect Lenders rights in the Property (Such as a proceeding in banftptCy probate, lot cenderrnaUon or to enforce fa•ivs or regulatonsi. then Lender
<br />Wray do and pair for whatever is necessary to protect the value of the Property and Lender's rights in the Property Lender's actions may •rictudo pan ^g any sums secured Dy a lien which has
<br />priority Over this Security irstrument. appearing in court, paying reas0riabfe attonays tees and entering on the Property to make repairs Arthough Lander may take action under this paragraph
<br />7. Lender does not have to do so
<br />Are, Etr�t .r"b:t a d t y Le Witt un .et L1S paragrapt►T Siteli bbovnie atlditOhat thtW of 13arrouer secured by mt4 SeCWnV Ifil tt rent Wtess Borro'rror and Lender agree to other terms
<br />of payment these amounts shalt bear interest ,kart: !" d3ts of C : bus<"^ment et Ns !cote rato and shall be from
<br />payable. v:.in:ntere,t_ upurr nu:,r;e i ender to Borrower requesting payment
<br />It Lender required moirtgage Insurance as a condition of making the km secured by this Security Instrument Borrower plant pay thg 01e011um9 rquired to rrartain the insurance m effect
<br />Luntl SUCK time as the requirement for rte insurance terminates in accordance w:th Borrowers and Lender's written agreyment cr appl catfe iav,
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<br />re .. Lender d Of t may make reasonable entries upon and Inspections or the Property Lender shall give BotrCwer 1`10 Mal the turo o•" or pnof to an inspect on spec.!ying
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<br />!. Cand@WdWAen, The prVAM Of any award or clam for damages. direct or consequential. m co".echon with aPj Condemnat.on or otna, tak -g of any eye cr tho Property pr to
<br />coyrrepance in Feu of Condernnationr, we hereby assigned and sha!1 be to Louder
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<br />I!' the event of a total taking of the Property. (rte proceeds shelf be applied to me sums secured by this $tear r Iasi. -cur: n ^atria, et ^ut :n
<br />the t ens e t art tt saki ► o •v., n, h :r ar,r et:e6s ca a to &nowet
<br />p taking of the Property. unless Borrower and Lender Wherwise
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<br />agree :r wn!,ny, the Sims socl rr3 ct in's SOCLI -to st _ , a ,• =1131 70 •e ocea cv ^e a„ncn• o+ tr _.
<br />' prrdeeds m;,a; -Dived Dy Ne ftr:�,r:ng rrat -ten Iai thA a3tai amount at the sums 5(:Curpd ,mmOd =J:giy relcrP the tie:cq ..vr_eC ^7 '!,' l Pic/ ,ilia -qlr.. •^ w ., • ^t3 C••. -C8,'v "^'f,` ^E'':'e:
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<br />,d <!,t'•: V
<br />Me tak,ng Any balAnCei Snail to paid to Swiewer
<br />It the Pgtpetty i9 abandoned ov Borrower rt ! after nc'. ce C7 -,onder to L%rrcATtr trot ire _ 3naramPrr cqa• r , T,I„ err d" I I iCt °P :? : �.1:•I''' -r .a' ^d., ^.. En•:: r: an• ,:1 c • •as: :Y .•
<br />Lerdtor ti:!h:n 30 clays at!et t; a d:t!e I„@ nUt,ctJ .5 v n dear' r•; •..{
<br />Z e Len ig a !hcr-zed t', CG'E+d and aQC ='le L, .v eol!<
<br />1• n ^ .. .. n _ ,
<br />iecLred .'.t F•9: �e •S Putt .. L
<br />c y ,,ills• w..eiher • ,t •.En ' -J r
<br />.. �, e:sl i,o'TCer.an0 FSGrrcrre! c!heia._rt •teas '• •vt t., Y1 err a' ._.r. r:f r r _ _
<br />�I'{ic:,tL�.1,:yq•wo .h: :V;,t.h li "5:,!h od("e.••g
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