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<br />DEED OF TRUST 89.,. 102981
<br />THIS DEED OF TRUST t "Security Instrument') is made on this 6th _. _ _ day of _,SZL1u.—
<br />19 89 _ The tnAinr13 Allen Hoffer and Linda S. Hoffer- husband and wife
<br />V80rtower"i. The ttuStae is Commercial Federal Saving1l and Loan AssoclatlOn,
<br />( "Tmteal The beneficiary Is Commercial Federal Savings and Loan Association. which is organized and existing under the laws of Nebraska, and whose address Is 4400 Famam, Ct mVifi.
<br />Nebraska681311-Larderl Borrowerrr «aLendermeprincipalsumotLleven thousand two hundred forty one dollars
<br />(us. a 11, 241.00 ) This daW Is evddanced by Borrower's note dated the same date as this Security Instrument ('Note), which provides for monthly payment& with the.- -
<br />toll debt. if not pars @rinser, due and payable on June 14, 1997
<br />This Security Instrument secures to 1~ (a) the repayment of the debt evidenced by the Note. with Interest, and all renewals• extensions and modifications: (b) the payment of al atbsr
<br />sums, with interea advenced under paragraph 7 to protect the security of this Security Instrument. and (0) the performance of Borrower's omnants and agreements For this purpose.
<br />Borrower tmavocably grants and conveys to Trustee. to trust. with power of sale, the folhei" described property located in
<br />County, Nebraska'
<br />Lot 1 Block 8 Ashton Place Nall County, Nebraska.
<br />wfuch has it* ad&essof 2403 )Jest Louise Grand I51anr
<br />(Street) (City)
<br />Nebraaklo fAAfll (..Property Address'),:
<br />TOGET14ER with ad the rmprovevWts now or hererraietr erected Cr. the Moreirty. and all easements. rights, appurtenances. rents. rol1j"s. minefar. oil and gas rights and profits, water
<br />11" and stock and ON fiMuns M% as `*mat r a part of the propaetyr. Au MIGOements and additions shall also be covered by this Secutttyi Instrument. All of the f0m oing is referrad to in
<br />this Security Instrument as the "PrmartV" • -
<br />BORROWER COVENANTS thai B.xrawer rq taR'h . sensed of Ire er ate hereby conveyed and has trio right to grant and convey pine Plooertyand that the Property Is unencumbere0.
<br />except for encumbrarteas of morlig, 6�[.-ewer rvama;lts and will defend generally the tree to the Property against all Caiicris and demands. s•.ubled to any encumbrances of record.
<br />THIS SECURITY INS•TRLMEIN' cdr$tw" w%ft? -r =Tenants for national use and non-uniform covenants vinth limited variations by Iunsd4bor, 10 cansha:tte a uniform security instrument
<br />covenng real propotty. .
<br />UNW* M COVENANTS Bohre wna-+d Lender covevmant and agree are follows:
<br />I- P"l w- of p1hilow load atlaeMk 11111"My - and law Chwg4 e' Soaower shall promply pay when due the pnwApal of an7 t40ias: on the debt evkleneW. by the Note and any
<br />Ix"" Will and % fa changes, due under the Now.
<br />L File a for TAM and Inowanco. Subl ct to applicable law or to a written waivN by Lender. Borrower shad pay to Lender on the day monthly payments are due under the Note, until
<br />a iii.:. (:'iii�ii i r +t W or."�ii.la. uf. je) t�r7 feRvs arid" —event Ards whch
<br />may stain pri7rlry aver trlq aecvnry mstrumem: (b) yearly teaaendtd payments or
<br />Wound ter►te 1r1 the Property. d any. (e) yearly hetard rrheuranpe premtumsr and (d) yiaarfl mtM9age MSUrerice premiums. it any These items are called 'escrow items.' Lender may estimate
<br />the Funds due on this boole of eurtertt data and reasonable estimates of hAUre escrow, 4wris
<br />Tho FLa"s Ow4 to hell et en jb^" —_ 6`4 depo= or 2v.0 mots of wrtt2ft a.- :.x! tired 0. guentn1e!d b; a fede ! or Arita agency (including Lender it lender is such an institution). Lender
<br />OW apply the Funde to ploy the eeeroar +tams. Lender may not charge for holdrg are irpptying the Fund, anatyring the alxount or verifying the escrow items, unless Lender pays Borrower
<br />Interest on the Furls and applicable law permits Lender to make twch a charge Borrower and Lender may agree In writing that interest shah be paid on this Funds. Unless an agreement is
<br />made Or appficatlfe law negUkea rnrerest to be pted. Lender shall not be reQulred tv pay Borrower any Interest or eamings On the Funds Lender shell give to Borrower without charge. an
<br />annual *come" of this Funds shorn credits and debris to the Funds and the purpose for which each debit to the Funft flea made The Funds are pledged as additional security for"
<br />sums secured by this Security MM~.
<br />III the amount of to Funds held by Lender, together with ems future monthly payments 0' lFaPids payable prior to the d:nr dt t of the escrow items, 51185 exceed the amount fequlted to pay
<br />the escrow items when due. the exoesc shad be. at Sortower•s option. either Promptly IfterO to Sorrcrirw or cradted to Sonbwer on tnomt!tly Payments Cf Funds If the amount of the Fundll
<br />held by Lender Is not sufficart t0 psis the escrow, items when der. Borrower shall pay to Lender any amount necessary to make up V>e 00ficiency In one. or more
<br />Lender. payments as required by
<br />Upon payment n full of all sums secured try tl%3 Security Instrument. Lender snail promptly refund to Borrower any Funds held by Lender H under'aam.graph 19 thtsp:operty is sold of
<br />SiMutfed by Lender. Lender shall loopy, no later tfian rmmedratey prior to tare sale of the Property or its acquisition by lender, any Funds held by Lender atlhe time of application as a credit
<br />aggk* the sums sle— - ri by this Security Instrummant
<br />& AppNestli 1 at Payeiafka Unless applicable law provides otherwise. all paynents recerved by Lender under paragraphs 1 and 2 Shall be applied: first, to late charges due under t9p
<br />Nolo: saaad. to prapayrtment ChArgaa der under the Note, third, to amounts payable under paragraph 2" fourth. to interest due. and Iasi• to pnneipal due
<br />4, ChYges; LJana. Borrower Sttap :pay all taxes, assessrtl8ml, charges, fines and Impositions amiloutable to the Property which may attain priority over this Secwityinstrument. and.
<br />leasehold psymointS or ground rams. if any Borrower shall pity mesa obligations In the manner provided in paragraph 2. or if not paid in that manner. Borrower Sued pay them... on time directly
<br />to the person owed payment Borrc% r shall promptly furnish to Lender an notices of amounts to be paid under this paragraph If Borrower makes these payments directly, Borrower snail
<br />proms ty furnish 10 Lender raeMpts evidencing the payments
<br />Borrower shelf promptly discharge any ken which hag prienty over this Security Instrument unless Borrower. (a) agrees In writing to the payment of the obligation secured by file lien trs a
<br />manner aMptable to Lender: (b) contest! In good farth the lion by. or defends against OM(XCemenl of the ken In. KJW proceedings which In the Lender's opinion operate to prevent the
<br />enforcement of the Men or forfaturo of any part of the Property, or (c) secures from the holder of trio lien an agreement sabs`actory to Lender subordinating the lien to this Security Instrument
<br />If Lender determines that any earl of the Property is subleci to a lien iMyCil may attain priority over this Security Instrument. Lender may g.vv Borrower a notice Identifying the ben. Borrower
<br />shall satrsly the Men or take one or more of the actions set forth abo4TNnthhn tit) days of the giving of notice
<br />b. flaeafIII Mna )mead e. Borrower span keep the improvements now. existing or hereafter erected on the Property Insured against loss by fire. hazards induced within rho term "extended
<br />coverage' and acry other hazards for which Lender requres insurance This insurance shall be mai'itaeted In the arrou nis and for the periods that Lender :egtures The Insurance career
<br />provding the inturarre0 shelf be chosen by Bonowrer SuiblM to Lenders approval whicl;,"l not be unreasonably rw".?"rsld
<br />M ~Bence plea and renewals shell be acceptable to Lender and shell cockade a standard mgrtgage'clausa. Lerv'1EOShall have the right to hold the policies and renewals. If Lender'
<br />requove. Boff~ shY promptly give to Lender am race" of paid prerraims, and rene" notices In iris e•aeytt of tow, FJ.jrrpw'er Shall give prompt notice to the Insurance carrier and Lander.
<br />Lender may make proof of idea if not made promptly by Borrower
<br />Uniam Lender grid Borrower omfrwrsa agree in wr". Insurance proceeds sham be applied to M==tgfr Or repair Of it* Prop" damaged. ♦f the restoration of repair is e00nomrcatly
<br />feasible and Lender's security is not reasoned. If the restoration or repair Is not economically feasd* of Lender's security would be lessened, the insurance proceeds Shall be applied to the
<br />sums seared by fhb Security Instrtimsm. what w or not then due. with any excess paid to Borrower B Borrower abandons the Property, or does noi answer within 30 days a notice from
<br />lender that the ~811100 comer hoe offered to soft a dam. the Lander may c011ect the insurance proceeds. Lender may use the proceeds to repair or restore the Property or to pay sums
<br />secured by Me Searrlty Instrument. whether or nor then due The 3D-day period wilt begin what time notice Is given
<br />UnMSS LentW and Borrower Otherwise agree In writing. any applrcattn Of proceeds to principal SW not extend or postpone the due date of the monthly payments referred to In paragraphs
<br />1 and 2 of charge the amount of the payments it under paragrapre 19 the Property is acquired by Lender. Sompwer's right to any insurance policies and proceeds resulting from damage to
<br />the Property prior to the aoquattgn Shall pass to Lender to trio extort Of the SUMS Secured by f if Security Instrument Immediately prior to the acquisition.
<br />IL Pwelorodon Arta Haihlaflarice of Property; LMeandidlo. Borrower shall not destroy, damage or substalmally change time Property. allow the Property to deteriorate or commit waste
<br />it tlHS Security Instrumeril is on leaiaftpld. Borrower shall comply with the provisions of the tease. and it Borrower acquires fee title to the Property. the Ieasshwd and fee title S"I not merge
<br />unless Lender agrees to tee merger in w►t"
<br />r 7. PIOMCttor Of LWOW$ Bite In the Property; Mortgage tnsurorlcs. If Borrower faits to perform trio covenants and agreements contained in this Sect ritr Instrument or there .s a
<br />4gal prdceedrng that may Significantly affect Lender s rights in the Property such as a proceed,ng :n bankruptcy probate 'Or condemnation or to enforce laws or regwationst men Lence•
<br />may dif and pay for weaesver Is necessary tq Protect *Pie value of the Property and Leader s rights in trio Property Lender s act Ons ^rid/ +')crude Oaytng air F,Jrrms secured oy a on rvm,, n ^as
<br />"fry owl this Security Instrument. appealing in court paying reasonable attorneys fees and entering on Uhe PtOperty to -,arte repauS Al ;nougn Lender may rake act :On :,•rifer this paragrapn
<br />7- Lender does not have to do so
<br />Any amounts d'sbursed by Lender under this VeraWSIDA 7 shall become additional debt of Sorrows, secured by this Security Instrument un ass Borrower A'td Lender agree to other terms
<br />Of payment, 01990 amounts stun bear mlerest from ttro ditto of d'Sbursement at lure Note rate and snail be payable Toth .rtterest upon PiotCO ltorr Lender to Borrower requesting payment
<br />11 lender Wfurled - jon9age insurance as a cond•tlerr, of making the loan Secured by I" Security Instrument Borrower Shall pay the prem urns 'O7u •vod !o m8mn1a•r, the nsurance in effec!
<br />until such time as the requ:mmen1 for toe insurance Iofrmnatsl In acourdance mtrt B0ffOwer s and Lender S +Akriiter, agreement or appl;cab!n 18'4v
<br />/. 11118peeffbfl. Lender art rls agent may maxe reasonable entries upon and enspecrons of the
<br />Pr pp¢rfY Lenifo r s n : I ,e Sor•c +der natrce a! the f:n_
<br />P m nr prr to an nSpecton 4pectrying reaeXabte cause for irre n
<br />e. eorodWMwlon. The p• oceedS of airy, award or C.a.m fir damages 9-rev or consoquent.a; n .Onnec• or, a•I•t gay :Qnc imnaf -, n '•'+O' tat rip h' Onf parr Of the Property or nor
<br />cor+veyarr„e ,11 .err -y rrindOmr,3!.rr', 110 r-erebv esS'gr♦ed A'd Sha:l bo M-0 to Lenr701
<br />fr. 1r10 e,re•:'"1a fcas+ !axrrrr '✓'• 1•1e Pluperty the proS9Ads sr A,1 r e ftV-e4 Io rhtr suns W.u•en ' t • 5
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