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<br />DEED OF TRUST
<br />90ft.-•• 106732
<br />.i`i =u 4F TRUST ('Securiry iruwttant� u msde on rile _ 14th _ day of November ,
<br />- - The trusts is .if8�
<br />(-Borrower-) The trusleo .s Commercial Federal Savings and Lean Asaoeta IM
<br />f, The prrneggary Is CanmercW Federal Savings and loan Association, which Is organized and existing under tho laws ot NePraska, and whose adtt.ea to WO FWfulm, fart'"
<br />nusand two h t red _ five dollar- S_nd- ���Of�s
<br />ttttt9l ('Latdes�. eartower owes larder the principal sum of f4l1C._#.b_ � � i rt_v
<br />A - X35. -9 ). This debt is evidenced by Borrowers note dated the cane date as this Security instrument ( °Note), which provides for me ANY payments. with fhe
<br />if not paid adieu, due and Pr1)'WO On _ November 20 M3
<br />: -_ hbnumeM aearry to Lender: (a) the to
<br />of the debt evidenced by the Note, with inlamst. and an renewals. extents ors and mad t eat one: (b) t"ra pa F �s ,t sh utL. r
<br />Interest. wMytosd under Wagi►� ? -to protect the security of this Security Instrument: and (o) the petfonmarlce of Borrower's covenant, end agreements puir
<br />and convoys to Trustee, Zr trust, With power of $W@- the following described Property located in Mall County. Netxatka'
<br />Lot Fifteen t15', rind the rT l- Steen. 'wry" knife tenths (18.5) feet of Lot Thirteen
<br />(13), Vo'ck Thtrtaerr- (t31, (r 1lTege Mfti'tfon "'� r:;e,r Lawn, City of Grand Island, Nall
<br />County, MOr asks
<br />alkfrasol 2304 4fi6TU1Stma +4 Wand
<br />- ( &fusee• ((qty)
<br />rPnroerh• iAacres37, . mineral.
<br />S° with a the Improvements n" Or hPart er s props rt lAll replacements alnd easements.
<br />additions Shall &ISO be covered by this Security Instrument. All he foregoing is Worried to In appurtenances. rents. royalties
<br />-- _ _` and oe Ilduns now or MrasReta Part Of iris property.
<br />_ ; tnsmtrneM as the'Pmperry.•
<br />COVENANTS that Borrower is Ozftly seised e) the estate hereby conveyed and has the right to grant and convey the Properly and that the Properly la unencumbered.
<br />,tit H -r;,,, ;,,�;. :9 - gatard. Borrower rraaarta and vn7 3efesd generally the title to the property ag2inst all claims and demands. subject to any encumbrances of record.
<br />gEouNlTy II XZfenmr combines undcvm Covenants aa- national use and nonuniform Coi,+erlsrfa with limited variations by jurisdiction to constitute a uniform socially InatrUmMI
<br />t!at property.
<br />-s4 COVENANTS. &mower and Lender covenant and ag'rae es follows
<br />_ --
<br />of lerlMtpal alad IntsMU. PAVWM.ent and Late Charges. Borrower shrill promptly pall *nnGpal of and interest On the debt evidenced by IM NOia ar10 any
<br />into charges due under the Note
<br />vsrTYftss and klWratlCe. SuT zct to applcable law N to a wrdtar, waxer by Lender. Borrower sha%• ray.'!:-Peet on the day monthly payments are due under the Nola.
<br />r __ :rod In full, a surtr. f•Funds') equal to one-two ttth or (a,, yea(fy tares a',d assessments which may auras rc a is fiver [tile Security instrument: (b) yearly leasoMtO payments
<br />.enTS ct+the Propelt9; it my: (c) yearly hazard Insurenca otlamr ums; and (d) )early mortgage insurance premin:'ta. f a: y. These items are Called'eacrow darts.' Lender may QSbM43e
<br />- rte on the basis off C;.". nt data and reasonable esimfafas of future escrow llama. -
<br />loo MW ae an institution She deposhs or accounts of which are insured or guaranteed by a federal or state agency (including Lender d Lender is such an insbtutron). Lo der
<br />W trio Funds to pay the escrow items lender may not charge for Holding and applying the Funds, analyzing the account or verifying the escrow items. unless Lender pays Borrower
<br />_- ,;,e Funds and applicable
<br />law pemmS Lender to make such a charge. Borrower and Lender may agree in writing that interest shall be paid on the Funds. Unless an agrHmeN b
<br />-. MAW —tea rorji:I'ea Iitia r r'� '. La"d°t !MU not nw required to pay Borrower any interest or earnings on the Funds Lender snarl give to Borrower. wataut Charge, an
<br />acccuZing of the Furls Showing credits and debits to the Funds and the purpose for which each debit to the Funds Was made.
<br />_
<br />--m! by this Security Instrument-
<br />° en, of the Funds held by Lender. together with the future monthly payments of Funds payable prior to the due dates of the escrow 8l y s. shall exceed the amount required to pal
<br />items when due. the excess shall be. at Borrower's option. either promptly repaid to Borrower or credited to Borrower on moriml ments of Funds. It the amount of the Funds
<br />Lender to not sutfiCient to pay the escrow items when due. Borrower shall pay to Lender any amount necessary to make up the o@lpancy in one or more payments as required by
<br />u genet; in Iuft of all sums secured by this Security Instrument, Lender shall promptly W. is eetrower any Funds held by Lender. 11 under paragraph 19 the Property is sold or
<br />_., ;Lander, Lander shall apply, no later than immediately prior to the salaei'traePrbperty a: M acquisition by Lcase•. any Funds hold by Lender at the time of applicouon as a credit
<br />tQ scjyrs secured by this Security Instwinent.
<br />Unless applicable taw provide$ St:+erwiss, an 4a,r^�a'fls received .) 1:2nder under ;2 t% t and 2 shall be applied: first, to late Charges due under the
<br />fe ProPMrleM charges due under the Not ?,rd. to arncunts payacie under paragraphr S feurth. to :rra set .r a era fa$1. to principal due.
<br />- Lars. Boroofer shall pay a;l texas, assassmylls, charges. fires and Impositions a^rautable to the Arcoer 1; x * .' attain priority over this Security instrument, old
<br />-•- or grot," tents• n any. Scrrowes shall pay these Cbhgalions in the manner provided in paragraph 2. qr ,f'tot ra'.n i, I, a', manner, Borrower !Ih 01 pay them on time directly
<br />�,;.,,; ofr/efJ payment. Borrower she. oraltpty h:mfsn to : sf der an notice! of amounts to be paid under true paragrap r_ If =i,,mwar makes these payments directly. Borrower shall
<br />furnish to Lender realpts evide cmg ftre gaymen s.
<br />- shell promptly discharge any tiers woo- ties priority over this Security Instrument unless Borrower: (a) agrees.i -i "" ^� e. :ca rayment of the obligation secured by the lien In a
<br />acceptable to Lender, (b) conies" i2r. good ralh the lien by. or defends against enforcement o1 the men m, tsaastac% eering le in the Lang the opinion operate it prevent the
<br />011he Iles a forfeiture of any part C• "t!'ta Prdp@r'!r'.Cc. SC) secures from the holder of the lien an agreemeY.: salvSf3Ct4 1L' Ler+"er subordmatmg the hen to this Security Instrument.
<br />- - • - -• -�� •��• �^.� part OI the Property r9 subject TL a f+en which may attain priority over this Security In$UYI^.2nt. - 3�C2"'.'.,ar/ 'hl 80 wer a not" idenbtying iM lien. rGww
<br />lien or take one or Me of the actions set fort" ab-m within 10 days of the giving O` r7W.C8• 'ext @riled
<br />- � =
<br />-- -' Insurance, BOrnower, shall keep the improvemers new existing or hereafter erecteecin are Property :rsurGC a 9'r rosss -y ire• hazards included within the term
<br />- -' Q:d any other hazards for which Lender requite insurance. This insurance shall be n'a.^.m.ned in the arroun s aao far V e ;e Cris that Lander require!. The Insurance CattNr
<br />insurance shall be chosen by Borrower subject to Lender's approval W✓ritn Shaul not be tirtga el clauy 1 1LO- G
<br />—„u �.a policies and renewals span ire eCC@plablo to lender and snag ,�cfudea standard mortgage Claus? V Et'Je s.`a.l . ^rive the right to hold tr a Policies and renewals 11 Lender
<br />=_ �]rrower Shall promptly, glue 10 Lender a0 receipts of paid premiums and ffi'rdM31 cCUces. In the event of 'ess, go'79vwr sail give prompt notice to me insurarlCe Garner e/d Lender.
<br />r„ar si-,a a proof 0loss if not made promptly by Borrower
<br />Lender and 8osgsror otherwise agree in wrdufg, insurance proceeds shag to epy. -a3-t s :), atcn Or :era r'*o ;et`, ._ar d. the atria ace ro ee or repair is ecoled to t e
<br />Lemtlers Securty is not lessened if the restoration or repair is not econom tatty'F(Wa e - Larder's s .3La-4 rs m b Pi:)- e ; o the insurance proceeds shad be appled to om
<br />by this Seta --*.y instrument. whether or not then due. with any exCOSS paid tC �d/taw?- (' 3Grrcwer aCarr:.rs, tag 41Tc_.e cr does not answer within op days a notice from
<br />mat the insurance Carver has oftertt � Settle a claim, the Lender may corteq!'.`e ,091farC °. P.:C ?ads Lert ?t may :u^s t`:a �tt'C2ed910 r @pair or r@StorQ the PrOpenfy Of r.0 pay Sum!
<br />_q5euuily instrument. rrt'er7a- 7i :'Ct then due The 30•day Der.nd+N! z'eG.r•(yret'>;'e rC;l.C? +S ^,roar ;
<br />_= - Wfder and Borrower otherwssz• WISUC- writing, any application of pro!•ae is (. Crrc-M, shat -e1 eafere Y nos more tt'8 iU ?C:':e.01 She mondfly paymegls referred to in paragraphs
<br />2 by change the amount of the. ^3 ,+?em , h yzder paragraph 19 the s = nod _y Loader Ei rc'�5- "= ran° rt. any rw.amce policies and proceeds resulting from damage to
<br />the ==otfon 0xi r asg't� -9 ^der to t.`.@ extent of rile %urns 9'r.:' ?duty"`. Se^wT•'V' lr9Y�md� :•;f'- tr?d�d7a'P��' F ?� q� hefProperty to detBrlgralQ or fAmmA waSta
<br />-- _�_ (uu! it"4nea of M.gWre-7, LOIRSOOld&-e-- m:,wer 1 ^a'iro! ces.=1, a. ,a4S a sir -s a ir3r
<br />unN lnstrumenl is rit reasehotd. Sa ¢s+er- sr2'Gc9•r+9.�• kvNr N`H I;f_.v'Slt'S .:"7`e. �e3'T -�. a ^L i, B a,• ^, +9�' z"_tu �•!i-7 5 ?e •�.e 7.^ t ^e 1- ,CQerty. the leaSahold end fee!Site shall nOt merge
<br />l•
<br />- ! nnrtwr agrees tolhe merger in writing.. nf
<br />of Lender's Rights In e t9rg4trtf3r fa'Olt ¢ 9 alU'aTt - ? r'? rsr ' - °5 !''• 19 "f 'B 9c? .9 ?'S 3'd 2rwC>'3 "� 1 7am8d m this Security IOSiRrmenl. br trer@ r9 a
<br />th
<br />_ -- -- ;-:may signrfiGantty aHetM Isr;der4 rig nls.n'f a i� rper seer a p <azeea,rg ,r, carkrua'. ±• a�oa rovrC @rncarbn or to amerce leas or regula(ronsL tnan Lender
<br />_ - -- '--whatever is necessaryy ti7 r! ?ct Me value of the Propert; ?c :ie'rder s tights,n 1:•Q property L,s^dn-3InA'?9 ':aY nclude paying any sums secured by a lien which has
<br />Security InswmenL appearing to court, paying reaSOnableattprt sH;. 11e9 and emeunggn the Pmoer, rm^alco repairs gtlnougn Lender may take action under the pangfaph
<br />--t have to do so. t y - hr. Unless Borrower and Lender agree to otter terms
<br />amounts disbursed by Lender under this paragraph T, slr7ltitecome additional debt of Borrgm_r neared by this•Sec.,rit int: n,w ,_•
<br />these amounts shall beat interest from the date d -ft--ursement at the Note rate and st'.0 tie Payable. with interest. �.(,s octy :e from Lender to Borrower requesting payment
<br />-- required mortgage insurance as a ooriddan of mzhM 4.he loan secured by this SeCuf ins'ru' memt. 9otWrr+�r Shall aat't.na I'- r�TriumS tegWted r.0 maintain the inSUtarice iD efteCl
<br />- -`: time as the rMtrament for the insurance terminate-- in accordance with Borrower's and Larder s written ag62rnent qr ;DIY +.y7e !aw
<br />- - t = Lander or as agent may make reasonable entries upon and inspections of the Property Lender dvol gr r' 13arr5raer ±a r at the time of or prior to an inspection specify ng
<br />- "= cause for the inspection - -
<br />--- -•- The proceeds of any award or claim ro^ damages. direct or consequential, m Cannectim will ay c aria prnn io�.or otter takng of any part of the Property, or for
<br />_ - --- - - condemnation. ere hereby asSigned'Iff d'•:1 �?: ne paid to Lender
<br />- -- a total faking of the Property the proceedsV -V) de applied to the sums secured t ?, ItvS 3er �+1; :, si: yras;l Nr : -� "? [ rot then due. with any excess pa4 to Borrower In
<br />_ of•a partial taking of the Property. unless BofrOw@r. a-d Lander otherwise agree in tour.,). III( -, r °. y.S;r_I'L'? �rht.':_cjn-.y instrumenl shall be reduced by the amount of the
<br />multiplied by the following fraction' (a) the total amount of the sums secured immed!a'U+j, t]etb +6 the c, i'e'lar market value of the Property immediately before
<br />- - Any balance Shan be paid tQ Borrower:
<br />= Property is abandoned by Borrower, of d, after notice by Lender to Borrow@' +tat the condemnor offers to• *-'aks a^ avra.• ;_ sortie a eta m for damages Borrower fads to rosfroritl to
<br />;, -. 30 days alter the date the Police is given• Lender fs authorized to cairect and apply the proceeds. •at r �cron. ell e�.ta restoration or repair of the Property or to the sums
<br />by this Security InsWment. whether or riot then due
<br />-_ = "Ander and Borrower otherwise agree fn writing• any application of proceeds to principal Shall not extend or postpone the due dale o) the moniniy payments Werred tie in paragraphs
<br />2 or change Inv amount of such payments-
<br />) Nn f SyNE r i2/e7)
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