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200010992
<br />grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County of
<br />Hal 1 , State of Nebraska:
<br />dMkOi'PMbO /dWhffieW AO /eMA VY-VIAWdW W -Vathod /hfoyd /alp /MOot_/ Oov ,hovlv('F
<br />Lot 3, Block 8, in Bonnie Brae Addition to the City of Grand
<br />Island, Hall County, Nebraska
<br />which has the address of 1511 West 5th Street
<br />Grand Island [City] , Nebraska 68801- [ZIP Code] (herein "Property Address ")
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights,
<br />appurtenances and rents (subject however to the rights and authorities given herein to Lender to collect and apply
<br />such rents), all of which shall be deemed to be and remain a part of the property covered by this Deed of Trust; and
<br />all of the foregoing, together with said property (or the leasehold estate if this Deed of Trust is on a leasehold) are
<br />hereinafter referred to as the "Property ";
<br />TO SECURE to Lender the repayment of the indebtedness evidenced by Borrower's note datedNovember 22,
<br />November 22, 2000 and extensions and renewals thereof (herein "Note "), in the principal sum of
<br />U.S. $ 16, 000.00 , with interest thereon, providing for monthly installments of principal and interest,
<br />with the balance of the indebtedness, if not sooner paid, due and payable on December 1, 2015
<br />the payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this
<br />Deed of Trust; and the performance of the covenants and agreements of Borrower herein contained.
<br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and
<br />convey the Property, and that the Property is unencumbered, except for encumbrances of record. Borrower covenants
<br />that Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to
<br />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 interest
<br />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 shall
<br />pay to Lender on the day monthly payments of principal and interest are payable under the Note, until the Note is
<br />paid in full, a sum (herein "Funds ") equal to one - twelfth of the yearly taxes and assessments (including
<br />condominium and planned unit development assessments, if any) which may attain priority over this Deed of Trust,
<br />and ground rents on the Property, if any, plus one - twelfth of yearly premium installments for hazard insurance, plus
<br />one - twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and
<br />from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof. Borrower shall
<br />not be obligated to make such payments of Funds to Lender to the extent that Borrower makes such payments to the
<br />holder of a prior mortgage or deed of trust if such holder is an institutional lender.
<br />If Borrower pays Funds to Lender, the Funds shall be held in an institution the deposits or accounts of which
<br />are insured or guaranteed by a federal or state agency (including Lender if Lender is such an institution). Lender
<br />shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender may not charge
<br />for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and bills,
<br />unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge.
<br />Borrower and Lender may agree in writing at the time of execution of this Deed of Trust that interest on the Funds
<br />shall be paid to Borrower, and unless such agreement is made or applicable law requires such interest to be paid,
<br />Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall give to Borrower,
<br />without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for
<br />which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this
<br />Deed of Trust. F 382
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