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RECORDING REQUESTED BY: <br />AAMES FUNDING CORPORATION <br />WHEN RECORDED, MAIL TO: <br />COLLATERAL CONTROL <br />350 SOUTH GRAND AVENUE, 42QD LOO <br />LOS ANGELES, CALIFORNIA 90 7 <br />t <br />w <br />0 <br />0 <br />o. <br />= <br />--q <br />z In- <br />ry <br />n <br />-< M <br />C:D <br />m <br />CD <br />cn <br />-n <br />.� <br />rte <br />--0 <br />r. Co <br />t-• <br />M <br />r <br />r <br />CZ <br />C7p <br />m <br />en <br />SPACE ABOVE THIS LINE FOR RECORDING DATA <br />DEED OF TRUST <br />NOTICE: THE ADJUSTABLE RATE NOTE SECURED BY THIS DEED OF TRUST CONTAINS PROVISIONS <br />ALLOWING FOR CHANGES IN THE INTEREST RATE AND MONTHLY PAYMENT AMOUNT. THE <br />ADJUSTABLE RATE NOTE ALSO LIMITS THE AMOUNT THAT THE INTEREST RATE CAN CHANGE AT <br />ANY ONE TIME AND THE MINIMUM AND MAXIMUM INTEREST RATE THAT THE BORROWER MUST <br />PAY. <br />THIS DEED OF TRUST ( "Security Instrument ") is made on DECEMBER 29 , 2000 <br />The trustor is LEVI L. LOEFFELHOLZ AND ORENA K. CROW, BOTH SINGLE PERSONS <br />The trustee is WALTER L. GRIFFITHS, ESQ. <br />The beneficiary is AAMES FUNDING CORPORATION, <br />AAMES HOME LOAN, CORPORATION <br />which is organized and existing under the laws of the state of <br />address is 3347 MICHELSON DRIVE, STE. 300, <br />( "Borrower ") <br />( "Trustee ") <br />A CALIFORNIA CORPORATION, DBA <br />CALIFORNIA and whose <br />IRVINE, CALIFORNIA 92612 <br />( "Lender "). <br />Borrower owes Lender the principal sum of THIRTY ONE THOUSAND FIVE HUNDRED AND <br />00 /100 <br />Dollars (U.S. $ 31 , 5 0 0 . 0 0 ). This debt is evidenced by Borrower's note dated the same date as this <br />Security Instrument ( "Note "), which provides for monthly payments, with the full debt, if not paid earlier, due and <br />payable on JANUARY 1, 2031 . This Security Instrument secures to Lender: (a) the <br />repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; <br />(b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security <br />Instrument; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the <br />Note. For this purpose, Borrower irrevocably grants, bargains, sells, conveys and confirms to Trustee and its successors <br />and assigns, in trust, with power of sale, the following described property located in <br />HALL County, Nebraska: <br />LOT TWO (2), BLOCK EIGHTEEN (18), PACKER & BARR'S SECOND ADDITION TO <br />THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. <br />yv <br />which has the address of 234 NORTH WHITE 68803 <br />GRAND I S LAND , Nebraska <br />( "Property Address "); <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, <br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be <br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." <br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to <br />grant and convey the Property and that the Property is unencumbered, except for the lien of real estate taxes and <br />assessments that are not yet delinquent and encumbrances of record. Borrower warrants and will defend generally the <br />title to the Property against all claims and demands, subject to the lien of real estate taxes and assessments that are <br />not yet delinquent and any encumbrances of record. <br />NEBRASKA ARM PROGRAMS (REV. 03/n <br />Document Systems, Inc. (800) 649 -1362 Page I of 7 <br />Borrower Initials <br />