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T e- • . raprlae Above Ttft Une for ReWb'1Q - MA Con No. _ Soft, $- Nebr " DEED OF TRUST 13211-1424550-203 _ THIS f3M AF TRUW ("SectYiy instrlalwrl its mode on &god 27— 1990 The trudor is w David BanwrAW Diann- L Barnes to husband and wife The trustee is Security Federarl Savings. a Federal SavinglBank 1330 "M Street. P. O. - - E Boni 110608 Lincoiri. NE 68501-06)9 t'Tttiatedq. The biaoksary is . Security federal SavingL It Fidwal Savinas Bank 1330 "N'r MISL P. O. Box $ M,LLng91% NE 68501- ty'�Q� t wtsich is organized and siting under the laws of United States of Anled a and whose address b l , , 13W -W Street. P. O. Box 80609 Lincoln. NE 68501 -0609 C'Lender'�. R Borrower owes Lender the principal sum of Fortv Two Thousaritd Fifty and 00/100 DoMrrs (U,S. S 42,050.00). This debt.is evidenced by Borrower's note dated the same date as this Security Instrument C'Nots'), which provides for monthly payments, with the'full debt, if not paid earlier, due and•payabb on Seotembe► 1. 202Q j This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and Y rWW#&Is. extensions and modifications: (b) the payment of d other sums, with interest. advanced under pwagrkph 6 to prated the security of this Security instrument: and (c) the performance of Borrower's covenants and agreements under this Security Insbtxhent and the Note. For this purpose, Borrower does hereby mortgage, grant and convey to Trustee with power of Sob, the following desafised property. ; located in Hall County: R Lot 18, Block 15, in Ashton Place, an Addition to the City of Grand island, Hall County, Nebraska rn CD R i - W z Q t • I 4 which has the address of 2624 W. Division grand Island [street) (City). Nsb_ reeks 68803 -5737 ( "Property Address"(: t ' [state) [Zip Code) . TOGMER WITH all the Improvements now or hereafter erected on the property: and all easements, rights, appurtenances. rents. royalties, mineral, oil and gas rights and profits. water rights and stock and all fixtures now or hereafter, a pal of the property. All P, repMcMonts and additions shall .also . be covered by this Security instrument. AM of the foregoing is referred to In this Security Instrument as the "Property('. SWROWER COVENANTS that Borrower Is lawfully seized of the estate hereby conveyed and has the right to mortgage, grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the tide to the Property against all claims and demands, subject to any encumbrances of record. 1. PAyment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of. and interest on, the debt evidenced by the Note and late charges due under the Note. 2. Monthly Payments of Taxes, insurance and Other Charges. Borrower shag include in each monthly payment. together with the principal and interest as set forth Witte Note and any late charges.' an installment of any (a) taxes and special assessments ferried or to be tevleO against the Property, (b) teasehotd payments or ground rents on the Property, and (c) premiums for insurance required by Paragraph 4. Eftah monthly installtnerrt for items (a) (t+) and (c)-shaft " ertetwt4M of tha_ertnu>3i_amQUftts. as reasonsbiy estimateA- lty�lentittr� i plus an amount sufflclEnt to maintain an additional balance of not more than one -sixth of the estlmated. amounts. The full annual amount m • i for each Ite shall be accumulated by Lender within a period ending one month before an item would become delinquent. Lender shall hold the amounts co',lected in trust to pay items (a). (b) and (c) before they become delinquent. If at any time the total of the payments held by Lender for items. (a). (b). and (c). together with the future monthly payments fur such items payable to Lender prior to the due dates of such items. exceeds by more than one -sixth the estimated amount of payments required to pay such Items when due, and if payments on the Note are, current. then Lender shall either refund the excess• over one-sixth of the estimated payments or credit the excess over one -suth of the estimated payments to subsequent payments by *�p` Borrower, at the option of Borrower_ if the totat iii the payments made by Borrower for item (a). (b), or (c) Is insufficient• to pay the td item when due. then Borrower shall pay to Lender any amount necessary to make up the deficiency on or before the date the item r•` becomes due:. .. c. F5613CT1 (06f%) P(6190) U16 :4ml 1931. Pago 1 of 5