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L J so& of Newt. 90-- 106843 Wpm Above This U" Fm Reoer111ble Oeatl FHA Cue No. DEED OF TRUST 321- 1449791 -748 THIS DEED OF TRUST ("Security Instrument ") is made on Novetuber 30 .1990 The grantor its Laurence L. Holmes an utmarried person ( "Borrower "). TWt:rustee is Commercial Federal Banks A Federal Savings Bank nrustee ") The beneficiary is The Overland National Bank of Grand Island , which is organized and existing under the laws of Nebraska and whose addressis 304 West 3rd Str., P.O. Box 1688, Grand Island. NE 68802 ( "Lender "). Borrower owes Lender the principal sum of Twenty —five thousand nine hundred fifty and no/ 100--- ------ '— "-- "°" - - -�- Dollars (U.S. S 25.950.00 ). This debt is evidenced by Borrower's rime 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 December 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 ether sums, with interest, advanced under paragraph 6 to prattct 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 Ball County, Nebraska, Lot One (1), in Block Thirteen (13), in Scarffrs Addition to West Lawn, in the City of Grand Island, Hall County, Nebraska. which has the address of 1836 N. Taylor Ave., Grand Island Nebraska 68803 I /IP codel, ( "Properr.t Address "); (street. C'itvl, TOGETHER WITH all the improvements now or hereafter erected on the property, and all casements, rights, arrurlenances. rents, royalties, mineral, oil and gas rights and profit,. wafer rights anti stock and all fixtures now or hereafteT a part of the property. All replacements and additions shalt also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Progw ry." BORROWER COVENANTS that Borrower is lawfulh• seised of the estate heret conveyed and has the right to mart -eage. grant and convey the Property and that the Property is unencumbered, except for eri::rmbranccs of record. Bovrower warrants and will defend generally the title to the Property against all claims and demands. subject to any encumbrances of record. 1. Payment of Principal. Interest and late Charge. Borrower shall pay when due the principal of. and interest on, the debt evidenced by the Note and late charges due under the Note. 2. Monthly Payments of Taxes. Insurance and Other Charges. Borrower shall include in each monthly payment, together with the principal and interest as set forth in the Note and any late charges, an installment oaf any (a) talcs and special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Propert >, and (c) premiums for insurance required by paragraph 4. ®, 401NE) •• Nut- I'll Fit.% %chro4a Ikrd of Ira +t -12 99