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I . �J I 1 18pm Above TMs Uric For Recordlft Will FHA Case No. Stale of Nebraiika DEED OF TRUST 321 - 1438175 -748 THIS DEED OF TRUST ( "Security Instrument ") is made on October 19 .19 90 The grantor is Norman R. Bennett, an unmarried person ( "Borrower "). The trustee is National Bank of Commerce Trust and Savings Association, 13th and "0" Street, Lincoln, NE 68508 ( "Trustee "). The beneficiary is The Overland National Bank of Grand Island which is organized and existing under the laws of Nebraska . and svhose )address is 304 West 3rd Str. , P.O. Box 1688, Grand Island, N£ 68802 ( "Lender "). Borrower owes Lender the principal sum of Thirty —five thousand and no/ 100---------------------------------------------------- - - - - -- Dollars (U.S. $ 35, 000.00 ). This debt is evidenced by Borrower's note dated the same date as this Security Instrument ( "Note "). which provides for monthly payments, with the full debt, if not paid earlier, due and payable on November 1, 2020 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals. extensions and modifications; (b) the payment of all other sums, with interest, f advanced under paragraph 6 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose. Borrower irrevocably grants and conveys to Trustee, in trust, with the power of sale. the following described property located in Hall County, Nebraska: Lot Four (4), in Block Thirteen (13), in Boggs & Hill's Addition to the City of Grand Island, Hall County, Nebraska. 2 ( t I L rl . j Q7 �7 which has the address of 1815 West 10th Str., Grated Island, 151rre1. City), Nebraska 68803 Imp co&-I. f— Propert) Address"). TOGETHER WITH all the improvements now or hcreat-ter erected on the property, and all easements. rights, appurtenances, rents, royalties, mineral. oil and gas rights and profits, water rights and stork and all fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seised of the estate herehy conveyed and has the right to mortgage. grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warranty and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. I. Paymeat of Principal. Interest and Late Charge. Borrower .hall pa) whe11 due the principal at, and intcrc%t on, the debt evidenced by the Note and late charges due under the Note. 2. Monthly Payment%of Taxes. Insunince and OlherCharges. Hot towct .hall include In cash i n uthls pasnictlt. Itigolicr with the principal and interest us set forth in the Note and an) late charge,, an imstalhnviii ul am la) taw%.uid sh::l.d .1s•es.nlcnl• levied or to he levied aguimt the Iitolwrt%. (b) lea.chold pay111C111% tit gloillid Iellh ► ►II the Propt'It%, .110 to 111CIIIIII11N till insurance required by paragraph 4. P5 .' III ♦ \eGru. ►r Ikcd "1 Iruo 12 AY L 1. t r T f� Li. p M Q R (� �l )Ck 0 0 i -• i i I N t•• r' r - I