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� � . c = �- O � � m � m D � � m � � z rn .� �' ,� N N � � � � � � � o c�,;c� IV o -,i � � � � '*� � � `n z � � a �� S fTl �� ` R'7 ^� D CA �Q .�L. � � � r � � � r �' "C � � � � � � D � O C.O � f,,,� � � 99-1o�ss3 � [Space Above This Line For Recording Data] � THIS LOAN IS NOT ASSUMABLE WITHOUT THE APPROVAL OF THE DEPARTMENT OF VETERANS AFFAIRS OR ITS AUTHORIZED AGENT DEED OF TRUST THIS DEED OF TRUST ("Security Instrument") is made on April 23rd 1999 The trustor is Todd A. Lona , as a single qerson ("Borrower") The trustee is Commercial Federal Bank, A Federal Savings Bank P.O. Box 5166 Grand Island, NE 68802 ("Trustee"). The beneficiary is Union Bank and Trust Co. , which is organized and existing under the laws of the State Of Nebrask8 , and whose address is 2008 North Webb Road Grand Island NE. 68801 ("Lender"). Borrower owes Lender the principal sum of FortV Six Thousand Nine Hundred Twenty and 00/100 Dollars (U.S.$ 46,920.00). This debt is evidenced by Borrower's note 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 May 1, 2029 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Securiry Instrument; and (c) the performance of Borrower's covenants and agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in H811 County, Nebraska: Lot Four (4), Block One Hundred Forty Seven (147), Union Pacific Railway Company's Second Addition to the City of Grand Island, Hall County, Nebraska. In the event this loan is determined to be ineligible for Loan Guaranty by Department of Veteran's Affairs, this entire loan may be declared due and payable at the option of the mortgagee. The addendum to Deed of Trust attached hereto and executed of even date herewith is incorporated herein and the covenants and agreements of the addendum shall amend and supplement the covenants and agreements of the Deed of Trust as if the addendum were part hereof. which has the address of 403 E. Division Grand Island Nebraska 68801 ("Property AddSress"); c�ty Zip Code TOGETHER WITH all improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the properry. All replacements and additions shall be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Properry". BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Properry against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real properry. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note. 2. Funds for Taxes 8nd InSUranCe. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ("Funds") for: (a) yearly taxes and assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or ground rents on the Property, if any; (c) yearly hazard or property insurance premiums; (d) yearly flood insurance premiums, if any; (e) yearly mortgage insurance premiums, if any; and (� any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are catled "Escrow Items." NEBRASKA-Single Family-Fannle Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 9/90 F4009.LMG (10/98) Page 1 of 5