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<br />DEED OF TRUST
<br />THIS DEED OF TRUST i- Security Instrument-) is made on this. 23rd dry of May
<br />19 89 The truster is David A. Zuehlke and Paula J. Zuehlke- husband and wife.�~
<br />t`TlueNw') The WnNicury is Conxnerpa Posies ('801710wa►"f. Tha trustee is Commercial Federal Savings and loan Association.
<br />Savings and Loan ASSOf iallon. viWh is organized and existing under the laws of Nebraska, and whose address is 4460 Famam. Omaha
<br />Ivana,t,ee,a,r>.,„, Mrs, so, row.ro„w,L«w«cMpr,,,�pa,et„t,ot Sixteen thousand six hundred seventy arse dollars and A6/r&Qa
<br />(US !t 16.671.46 ) The OW is evidenced by Borrower's note dated the same date as this Security Instrument ("Note), which provides for monthly payments, with the
<br />fur aid. it not paid issa t, due and payable onNoyember 1. 1999
<br />Tate Saaildy InetrOUM dew osae410 Lander (a) the repayment of the debt sirkbe ced by the Note, with interest and all renewals. extenswns and modifications. (b) the payment of LV4 Other
<br />SLUM WMA whtaeas, aw*1?Cad under PKWJaph T to protect the Sacunty of if" Sacunty Inxttumant; and tc "WMI'MMCe Of Botrowar'9 cOnn AMA and agreements. For this p4gom
<br />ewtc* r s'avomPty qra is and cart .m r '^'Terse. In trust. with IN--AV at sale, the following desc ibw CMpeS'Iy k7CSta iu in Hall
<br />County. Nebraska
<br />Lot 26 Potas,� Sub livision in mall Guur:.tu, N.E.
<br />which haat»4dkmof - 4029 Reed
<br />istrweh
<br />Near""
<br />63303
<br />I-PMWty Addross'I
<br />_r-rand Island
<br />TOGETHER with all de fm+proverrhente now or M1eafNr WOCM on the property, and ail easements. rights atppu lonancoo. tents royaRras mineral. oft and gas rents and p:ahts. water
<br />n" and MOCk and at fixtures now Or NM&lM& a Part of rte property AS rtplacemants and additions snail also be covered by this Secunt)t Instrument All of the foregoing oa mfarred to in
<br />Ma Secuhty k»eumem as ins `ProMry.'
<br />BORROWER COVENANTS that Bomgwar is law" eased Of the estate hereby conveyed and tins the right 10 grant and convey the Ptowrty and that the Property is unencumbered.
<br />excsq 10? encumbrances of record Borrower warrants and vwu defend generally the title to the Property againtit all Claims and demands. sugeet to any encumbrances of record.
<br />THIS SECURITY INSTRLMr1ENT combings uMorm cotenants for nitfonal use and non•unhforM Covenants wdh limited Mattons by Iunaditxan to constitute a uniform security instrument
<br />CWIW g f" property
<br />UNIFORM COVENANTS. BOaoww arid Liender covenant and agree as fol lows
<br />1. ftV IM of POROPM eat Mgsnat: Nep"WArd ant! Lab ehrges. Borrower shall Promptly pay when due the principal Of and interest on the debt evidenced by the Note and any
<br />prepaytris and ter chafl1ss due under re Note
<br />=. FW%% for =nisi Mtttl InaP WAst. Silo)eet to apps taus law or to a "mCwt: warvw by Lender Borrower a'taa pay to Lender on the da?r MMthly paymsnts are dos under U.e Note. until
<br />vo Note is Ord ri fun. a sum 1'gn10a1h «'..r M b.i�ww. �•:SI i f� :'.�::«_.� �:.: �. fi ; �, P —My ww tnw jMOMM Milliument: 1D) Ye" leasehold payments or
<br />grand rents on the P"lli ty, if any. (C) Yaa:ly hatw d wtWare, prefri"To ands' 04 yrar`y rnrn Gage insurance prsmtums. if say These items ate called 'escrow aroma ' Lender may satimate
<br />dw Finds der on tie bass of eumwM daft and hamwM bl8 sehrnapa of esrxe eser: eft.,*
<br />i no Fur= trap on held in an OWMA pry the depoara of aotrxnea or ~ ate interne cx gusrantaad by a bdsral or #tata aglasey Imck,d,ng P ex,der d Lends► r9 such an mstiNbort). Lender
<br />ailMeeA an Fund4 and tie atcfow iftehl Lander m+ay,rhot charge tct nato,ng ivha aPWrir19 tine Fulda. analyzing the MbOWXit cr WIPPng the• escrow items. untep lender pays Borrower
<br />appkCabie law piwil is Lerdar so make such At G WOO Borrower and Lender may agree in writing that interest shag be 0aid On the Funds. Unlsss asm ant is
<br />rm40s or applicable law Maui as tnftferi z bit, paid. Lender Sna:l not Do etetpi to pay BOMMV arty inwsO at earnings cm tits Funds. LentW snail give to Sonvwer. wldiout e. an
<br />ashes a^.COtnlNhg of the Finds shu" deft" and ottlbMS to the Fula ants the purpose for which each Will fa Use Funds was, made The F;mCs are Wedged as additional seouci'y_for the
<br />sums Sabtlted by Me sow" ktaiturhent ' •
<br />t the amouint Of 1110 Funds held by tender tOpether with the future monthly payments of Funds Pay" prior to the der dates of the eserowr items. Shan exosed the amount required to pay
<br />the escrow items when dos. the excess Mall tit. at Borrower's option. enter promptly mow to Borrower or credited to Borrower On monthty payments of Funds If the amount of the Funds
<br />hseltdy Larder is not auticem to Pay the escrow items when due. Borrower shall pay to Lender any amourr! necessary to make up the deficiency in one or Moro Payments as required by
<br />Upon paymerH in tux of a8 sums pelAtsd MY this Security instrument. Lender Snail promptly refund to B&rtwer any Funds held by Lender If under paragraph 19 the Prop", S sold or
<br />scquehtd by Lerdn: Lender 811411 apply I'M faller ew immediately prior to the eats of the Property or its argir8ru Vn by Lender any Furls held by Lender at the time of applhCeitlon at1 a credit
<br />against the earn secured by dw Security trtieftment
<br />1VON.APP�aaert of Payleehte Unless apol CaNa taw provides otherwise- ax Payments lKel Ied• t:y Lender under paagra os t and 2 Shan be applied' first. to late charge's due under the
<br />OMPWfW't &&Ws due itnder the Note. third. to amounts Payable under paragraph 2. fourth to interest di e: and last. to PnnMal due.
<br />CflrElta; Llerte. Borrower shall Pay ay taxes. assesaments. charges. Ones and Impositions attnibutabhe to ins Property which may retain prwnty over this Security instnarent. and
<br />Ieiaeflpd P4Yinents or ground rents. it any Borrower Snail pay these obh9wons. in trio manner provrdEC in paragraph 2. or it not paid in that marit,,ar. Borrower shall pay th u-m on,
<br />! ^^Se dira0tly
<br />to the Person Owed Psyrrarn Borrower shag promptly fumish to Lender ate• notrcas of amounts to be paid under this paragraph it BOrrowar makes these Payments directly. Borrower shall
<br />Promptly furtrah to Lander reoWs evidencing the payments BOffOww !hart Promptly discharge any hen which has pnonty over this Security Instrument unless Borrower rat agrees ,n winrxng to the Payment Of the Obligation secured by the lien in a
<br />manner acceptabte to Lsrdi (0) contests in good farm the hen by. Of defends against enforcement of the lien in legal procaedongs which in the Lender's opinion operate to prevent the
<br />If Len e r I Of the ken or forfeiture of any part of that Property. a (c) secures from the holder of the lien an agree -cenf satisfactory to Lender subordinating the lien to this Security instrument
<br />N Lender Marmn♦s that any Part 01 the Property rs subled910 a lien wh:Ch may attain Priority over this Securzy'nstnument. Lender may gne SOrrower a notice identifying the lien Borrower
<br />Shat satisfy fiN I.erh Or take one of more of the echoing set forth above within 10 days of the Wing of notice
<br />S. tlasard YMMAIS 0. B0fr7wM Shall Creep the improvenpnts now existing or hereafter erected on the Property insured against loss by fire• hazards included within the terM extended
<br />Coverage' and any other hatarde for which Lender noQuir" insurance This insurance shall be maintained m the amounts and for the periods that Lender requires The insurance cartel
<br />Provktilig the n &VO Shall be chosen by BOROw gr subten to Lenders approval which shall not be unreasonably withheld
<br />AN n{uranLV PDWA a Sind WWAsile shall be acceptable to Lander and SW include a sttndard mnprtgage clause Larder snail have the right to 11010 the Policies and renewals If Lender
<br />raquhraa• Borrower shall promptly give to Lender ad rac"M at pad premiums and renewal notices In the event of loss. Borrower shall give prompt notice to the insurance carrier and Lender
<br />Lender their make proof of toss it not made premp((y, by Borrower
<br />unless Lendet and Borrower otherwise agree in *TWV. ~ance proceeds shall be appose to restoration nr repair M the Property damago. it the restoration rte repair is economically
<br />realm ie and Lender a security is not tasww. if the restoration Or repair is not economically feasible or Lender's security would be lessened the insurance proceeds shall be applied to the
<br />Sums Secured DY this Sacuhy (netu^NfM• whaler or not then due. with any excess paid to Borrower if Borrowisr abandons the Property. or does not answer wrtnin 30 days a notice from
<br />Lerdw did iris insurance canna has Orland b "I ft All clam. the Larder may CONSCI the Insurance Proceeds. Lender may use the pf0OSgdS to repair 01 rawom the Property of to pay sums,
<br />sewed W this Secumfy WOWNn' whaler Or not then due. The W-day period "begin when the notice is given
<br />f sUor2 W Bonvw 1 aW" in er�. any apptcat:on of proccgds to principal shall not extend or POSIPOne mfli due date of the monthly payments referred loin paragraphs
<br />fynge payments M under paragraph 19 the PrOPefty is acquired by Larder. Borrower s fight to any insurance Policies and Proceeds resulting from damage to
<br />der Property prior to the soquiso" ShO Pap to Lender to ins Qudent Of the SUMS Secured by this Security instrument rmmeOkafely proof to the acquisition
<br />e• Pleaer000 4n4 Makd&MWM Of tfi10M I ; LsesMakl4. Berroww shall not destroy. damage or subsaa;:x*jany ohange Me Property. allow the Property to deteriorate or coaxr.:t waste
<br />R this Security tn"Urn tit is on laaoerdt0. Borrower shalt comply with the Provisions of the lease and it Borrower t?iicWrSs tee h6fs to the Property, the leasehold and tae title snag" merge
<br />unlTpa « so ate merger M w("
<br />Lelsdae a ft N Vie Pffapafty: �pf1g404 tnsuranu. Il Borrower faL7 to oerlorm (Cie cytrerat•:S are m,,;irteements contained+n this S! ,jrr y
<br />may Mc"dPay fphat. (r* a n4MEty affect LencW s rights in the Property (such as a Prsreedmg in car,t"WC•V, PTOata `x =a lciemna( on Or to enforce rauv o' 1a^y� 3: erg, •hpr� Le -.Z,P,
<br />ecessarif Ito protect the v0lire 01 the PfOPWtr and Lender s rights in the Prdct -yty ...ender S ad.;. -$ Mai include' 13.1-ym g any surfs seru;vd• dy a -;•et+siv fc;. ;ios
<br />Dr Latuppr'rlt+ee not hefy� to d0 s0 1 � �n in n � � reaSdnatSi[ 61Rb ^eye reds std entrer rlg On ;n96r^fgaKy SO } eke *@Fairy A!!!lOt1gY.: L,g .;eft maY tdre aLSGr. ,rr dQr gp,: agryFs
<br />Muir 8Zwvm dyturfied by Leimdw .axle (TrAS ✓atagra0l 7 shall become additional debt o1 Borrower securki7 Cris " ',y Sec_,,ro r'-Stnnmmrt ur hag faofroyy4r and tender agree :O G'Ser °er^^y
<br />Of Gert^mlrK tripe ath0unfs shall bear •Nast *nom Me CY*Of disbursement at the Note rata and shall be ra ua a 61!' ::?W*sr' • eon notice from Lander to Borrower agree'
<br />payment
<br />If LV%6 r WWW "M211g8 Insurance aid a.:on*bon of n along the loan Secured by this Security instrument B,- rr;we, s' 111' }ay the ptem,ums required to maintain the insurance m effecf
<br />tlhtrl
<br />& 11011111 10.01 tame as fie muirerrfent tow fit, inc+ranre termwlatea in 8MWdanr.0 nth 00fMA VI 5 and Lender s owner. agreement Or appl,CaWe la,y
<br />feiaar • far d& a 'nby�e reasonable entries upon ano ihspecuona of the Property Lender snail give Borrower notice at file tame of ur prior •o an msport,on spoc•fying
<br />9- C'O"dWOMOM. The DrOCaed9 of any awwd or cierrh for damages direct or rAnsogcnnt,ao .r• connection wdh any cOndemnsbo^ or o,h.7r takenq of any Darf tit the Property or iot wispectoon
<br />''Onw►je'" n psu Of Ctrriderrnat on are hereby msignod and shall be DO-1 to Lender
<br />in the SveM M a that taping r,f tiro P,rrparty the VW -4mas bhau 50 apDo;i nh 1 +8 t inn, stir Well
<br />rha evsal .'.r a L:n: b1 iap.w .� •r.e P ri O t y Sac,.r; i r. �, nt,•d nr.E.nP, ,.. rP• dv(r , i•• an. ,•. v55 [din i, tlnrr.;
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