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<br />90-' 105803
<br />State of Nekaft
<br />15illm AMve Uh Line Fr Rwc"1111a ttnlnl
<br />DEED OF TRUST
<br />THIS DEED OF TRUST (" Security Instrument ") is made on
<br />The grantor is
<br />Troy Wood and Brenda Wood, husband and wife.
<br />IFHA Cow No.
<br />321 - 1433546 -703
<br />October 9 '1990
<br />( "Borrower "). The trustee is Commercial Federal Bank, A Federal Savings Bank
<br />( "Trustee "). The beneficiary is
<br />The Overland National Bank of Grand Island
<br />which is organized and existing under the laws of Nebraska , and whose
<br />y�lreas is 304 West 3rd St., P.O. Box 1688, Grand Island, NE 68802
<br />( "Lender "). Borrower owes Lender the principal sum of
<br />Thirty —slu thousand five hundred and no/1001 --------------------------------------------
<br />Dollars (U.S. 536,500.00 ). This debt is evidenced by Borrower's note dated the same date as this Security
<br />Instrument ( "Note "). which provides for monthly payments, with the full debt, if not paid earlier, due and payable on
<br />November 1, 2020 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced
<br />by the Note, with interest, and all renewals, extensions and modifications; (b) the payment of all other sums, with interest,
<br />advanced under paragraph 6 to protect ehP security of this Securir, y Instrument; and (c) the performance of Borrower's covenants
<br />and agreements under this Security Instrument and abg Note. For this purpose, Borrower irrevocably grants and conveys to
<br />Trustee, in trust, with the paver of sale. the follow-inns described property located in
<br />Hall County, Nebraska:
<br />Lot One Hundred Twenty —,Yee (123) of West Lawn in the City of Grand Island,
<br />Hall County, Nebraska.
<br />which has the address of 1608 N. Huston Ave., Grand Island
<br />Nebraska .66803 lriP(•,ittel. r "Property Address ");
<br />lsneet, c'iryl.
<br />TOGETHER WITH all the improvements now or hereafter crated on the property, and all edstm, °,'its. rights. appurtenances,
<br />rents, royalties. mineral. oil and gas rights and profits, water rights and stock and all fixtures now or hereafter a part of the
<br />property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred
<br />to in this Security Instrument as the "Property."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estute hereby conveyed and has the right to mortgage,
<br />grant and convey the Property and that the Property is unencumbered. except for encumbrances of record. Borrower warrants
<br />and will defend generally the title to the Property against all claims and demandi.. subject to on) encumbrances of reword.
<br />1. Payment of Priadpal. late" and Late Charge. Borrower -.hull pa) when due the principal tit. and interest tin, the
<br />debt evidenced by the Note and late charge% due under the Note.
<br />2. Mouldy Payments of Taxes, I wwrowe and 011rer ('barges. Borrower shall include ul cacti nillluhls vonicni. Iogetho
<br />with the principal gird intemst as set forth in the Now and arq late charge., ,tn m.tallmrlu 411 ails (a) Iris• .tint •l><:1►I .t..e•.nlrnl•
<br />le%icd or to ba WOW agaiim the Piopcit), (b) Ic'awhold IId%II1q:111. III git►1111t1 Iolt. 011 Ills I'1,1h;1I%. .111,1 1, 1 IIIC111IM11% t.f1
<br />imurance required by paragraph d.
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