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<br />DEED OF TRUST
<br />THIS DEED OF TRUST ( "Security Instrument "► is made on
<br />The Grantor is
<br />g0- =107065
<br />FHA Case Nu.
<br />321 - 1449099 -148
<br />Allan D. Grail and Marc%. L. Gvell, husband and wife,
<br />.1990
<br />( "Borrower "). The trustee is Coutmercial Federal Bank, A Federal Savings Bank
<br />( "Trustee "). Th(d beneficiary is
<br />The Overland National Banc: of Grand Island
<br />which is organized and existing under the laws of Nebraska and wlhose
<br />address is 304 West 3rd Str. , P.O. Box 1688, Grand Island, HE 68802
<br />("Lender"). Borrower owes Lender the principal sum of
<br />Twenty —six thousand eight hundred and no/ 100----------- ------- -- - - -- --
<br />Dollars (U.S. S 26,8'00.00 ). This debt is evidenced by borrower's note dated the same date as this Securit)
<br />instrument ( "Note "), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on
<br />January 1, 2021 . 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 the security of this Security Instrument; and (c) the perf0Tmance of Borrower's covenants
<br />and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to
<br />Trustee. in trust, with the power of sale, the following described property located in
<br />Hail County, Nebraska:
<br />Lot Four (4), Block Thirteen (13), of Gilbert's Addition to the City of
<br />Grand Island, Hall County, Nebraska.
<br />which has the address of 919 West 13th S'tr. , Grand Island
<br />Nebraska 68801 li1N c . +,1:1. ( "Property Address ").
<br />Islrect, s5tyl. '
<br />TOGE'T'HER WITH all the improvements now or hereafter erected on the property, and a!i easemems, rights, appuricuttnees.
<br />rents. Toyaltics, mineral. oil and gas rights and pncttils, water right~ and sloek and all fixiura nor~ or hereafter a part of the
<br />property. All replaceaarr(s and additions shall ako he covered by this Securi °y Ins(rument. All of the isrregWing is referred
<br />ro in this Security as the "Propert)."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate he°ebp come,,ed and has the right ic) mortgage,
<br />gram and convey the Property and that the Property is unencumbered, except tct - nminbrances of record. Borrower warrants
<br />and will defend generally the title to the Property against all claims and dema ds, subject to any encumbrances of record.
<br />1. Pa)mwnt of Principal. Interest and Late ('harge. Borrower shall pay «hen due the principal ot, and interest nn. the
<br />debt evidenced by the Note and late charges due under the Notc.
<br />2. Monthly Payments of Taxes. Insurance and Other ('harges. Borrower shall include in each nxlruhly payment, together
<br />with the principal and interest as set forth ilt the Note and any late chaigcs, an rnswllmcnr ,,f am• (a) taxes and special assessments
<br />levied or to he levied against the Property. Ib) leasehold payments or ground rents on th.: Property, and (%:) premiums for
<br />insurance required by paragraph 4.
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