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202200'205
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created,
<br />irrevocably grants and conveys to Trustee, in trust, with the power of sale, the following described
<br />property located in the County of Hall
<br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
<br />Lot Flve (5), Block One (1), Fireside Estates Second Subdivision, Hall County, Nebraska
<br />APN#: 400203146
<br />which has the address of 3540 Graham Ave, Grand Island,
<br />[Street](City]
<br />NE 68803 (herein "Property Address");
<br />[ZIP code]
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all
<br />easements, rights, appurtenances and rents (subject however to the rights and authorities given herein to
<br />Lender to collect and apply such rents), all of which shall be deemed to be and remain a part of the property
<br />covered by this Deed of Trust; and all of the foregoing, together with said property (or the leasehold estate
<br />if this Deed of Trust is on a leasehold) are hereinafter referred to as the "Property";
<br />TO SECURE to Lender the repayment of the indebtedness evidenced by Borrower's note dated January
<br />3, 2022 and extensions and renewals thereof (herein "Note"), in the principal sum of $419,000.00 with
<br />interest thereon, providing for monthly installments of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on January 3, 2023, the payment of all other sums,
<br />with Interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and
<br />the performance of the covenants and agreements of Borrower herein contained.
<br />Borrower covenants that Borrower is lawfully seized of the estate hereby conveyed and has the right to
<br />grant and convey the Property, and that the Property is unencumbered, except for encumbrances of
<br />record. Borrower covenants that Borrower warrants and will defend generally the title to the Property
<br />against all claims and demands, subject to encumbrances of record.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal and
<br />interest indebtedness evidenced by the Note and late charges as provided in the Note.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or a written waiver by Lender, Borrower
<br />shall pay to Lender on the day monthly payments of principal and interest are payable under the Note, until
<br />the Note is paid in full, a sum (herein "Funds") equal to one twelfth of the yearly taxes and assessments
<br />(including condominium and planned unit development assessments, if any) which may attain priority over
<br />this Deed of Trust, and ground rents on the Property, if any, plus one -twelfth of yearly premium installments
<br />for hazard insurance, plus one -twelfth of yearly premium installments for mortgage insurance, if any, all as
<br />reasonably estimated initially and from time to time by Lender on the basis of assessments and bills and
<br />reasonable estimates thereof. Borrower shall not be obligated to make such payments of Funds to Lender to
<br />the extent that Borrower makes such payments to the holder of a prior mortgage or deed of trust if such
<br />holder is an Institutional lender.
<br />If Borrower pays Funds to Lender, the Funds shall be held In an institution the deposits or
<br />accounts of which are insured or guaranteed by a federal or state agency (Including Lender if Lender Is
<br />such an institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and
<br />ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account or
<br />verify- ing and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds
<br />and applicable law permits Lender to make such a charge. Borrower and Lender may agree in writing at
<br />the time of execution of this Deed of Trust that interest on the Funds shall be paid to Borrower, and
<br />unless
<br />such agreement is made or applicable law requires such interest to be paid, Lender shall not be required to
<br />pay Borrower any interest or eamings on the Funds. Lender shall give to Borrower, without charge, an
<br />annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each
<br />debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this
<br />Deed of Trust.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds pay-
<br />able' prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the
<br />amount required to pay said taxes, assessments, insurance premiums and ground rents as they fall due,
<br />such excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on
<br />monthly installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay
<br />taxes, assessments, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender
<br />any amount necessary to make up the deficiency in one or more payments as Lender may require.
<br />Upon payment In full of all sums secured by this Deed of Trust, Lender shall promptly refund to Bor-
<br />rower any Funds held by Lender. If under paragraph 17 hereof the Property is sold or the Property is
<br />otherwise acquired by Lender, Lender shall apply, no later than immediately prior to the sale of the Property or
<br />its acquisition by Lender, any Funds held by Lender at the time of application as a credit against the sums
<br />NEBRASKA— SECOND MORTGAGE —1/80-- Single Family --Fannie Mae/Freddie Mac UNIFORM STATEMENT Form 3028 1/O1NEVSECDE (UBTP) 0717
<br />Page 2 of 6 NEVSECDE (CLS)
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