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M ' •.r M 2 f7 r� Tn = A �J y ^ S �1 .l CA Q V �J rn C N o O -n M 0 rn O tv n ( Q C D z n O o � � z = rn a o0 r ;:a r a N a C. N O O f-+ GD N W1 l� CD C0 s� C� t, s� cn ;a C) [Space Above This Line for Recording Data] FHA Case No. State of Nebraska DEED OF TRUST 321 - 2161159 \ THIS DEED OF TRUST ( "Security Instrument ") is made on November 20th , 2001 The trustor is Kerri L Ruhter and Justin D Ruhter wife and husband ( "Borrower "). The trustee is United Nebraska Bank ( "Trustee "). The beneficiary is United Nebraska Bank which is organized and existing under the laws of the United States of America , and whose address is 700 North Webb Road Grand Island NE 68803 ( "Lender "). Borrower owes Lender the principal sum of Ninety Thousand Seven Hundred and 00 /100 Dollars (U.S. $ 90,700.00 ). 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 December 01, 2031 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications; (b) the payment of all other sums, with interest, advanced under paragraph 6 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage, grant and convey to Trustee with power of sale, the following described property located in Hall County: Lot Eight (8), Fractional Block Seven (7), Woodbine Addition to the City of Grand Island, Hall County, Nebraska. which has the address of 2116 W Koenig Grand Island [Street] [City] NE 68803 ( "Property Address "); [ State ] [Zip Code] TOGETHER WITH all the improvements now or hereafter erected on the Property, and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or hereafter a part of the Property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property ". BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage, 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 Property 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 property. Borrower and Lender covenant and agree as follows: UNIFORM COVENANTS. 1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and late charges due under the Note. 2. Monthly payment of Taxes, Insurance, and Other Charges. Borrower shall include in each monthly payment, together with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums for insurance required under Paragraph 4. In any year in which the Lender must pay a mortgage insurance premium to the Secretary of Housing and Urban Development ( "Secretary "), or in any year in which such premium would have been required if Lender still held the Security Instrument, each monthly payment shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium if this Security Instrument is held by the Secretary, in a reasonable amount to be determined by the Secretary. Except for the monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." I101.CV (8/01) G1 1135 Page I of G0T0(01 a5b3e4)