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1� RECORDING REQUESTED BY: � � = y � o D Q �
<br /> p AAMES FUNDING CO& ^ n c ;n o �
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<br /> SPACE ABOVE THIS LINE FOR RECORDING DATA � cJ�U,
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<br /> DEED OF TRUST
<br /> NOTICE: THE ADNSTABLE RATE NOTE SECURED BY THIS DEED OF TRUST CONTAINS PROVISIONS
<br /> ALLOWING FOR CHANGES IN THE INTEREST RATE AND MONTHLY PAYMENT AMOUNT. THE
<br /> ADNSTABLE RATE NOTE ALSO LIMITS THE AMOUNT THAT THE INTEREST RATE CAN CHANGE AT
<br /> ANY ONE TIl�IE AND THE MINIMUM AND MAXIMUM INTEREST RATE THAT THE BORROWER MUST
<br /> PAY.
<br /> THIS DEED OF TRUST ("Security Instrument") is made on SEPTEMBER 3 , 1999 •
<br /> The trustor is MICKEY L. HATCHER AND SHERRI L. HATCHER, HUSBAND AND WIFE
<br /> AND RICHARD L. HATCHER AND CAROL J. HATCHER,^AS JOINT TENANTS
<br /> HUSBAND AND WIFE
<br /> ("Borrower").
<br /> The trustee is WALTER L. GRIFFITHS, ESQ.
<br /> ("Trustee").
<br /> 1fie beneficiary is AAMES FLTNDING CORPOR.ATION, A CALIFORNIA CORPORATION, DBA
<br /> �MES HOME LOAN ,
<br /> which is organized and existing under the laws of the state of CALIFORNIA , and whose
<br /> addressis 3347 MICHELSON DRIVE, SUITE 300, IRVINE, CALIFORNIA 92612
<br /> ("Lender").
<br /> Borrower owes Lender the principal sum of SEVENTY SIX THOUSAND FOUR HI7NDRED AND
<br /> 00/100
<br /> Dollazs (U.S. $ 7 6, 4 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 OCTOBER 1, 2 0 2 9 . 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 Bonower's covenants and agreements under this Security Instrument and the
<br /> Note. For this purpose, Borrower irrevocably grants, bazgains, 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 2, BLOCK 4, VINE HILL SUBDIVISION, CITY OF GRAND ISLAND, HALL
<br /> COUNTY, NEBRASKA, EXCEPT THAT PART DEEDED TO THE CITY OF GRAND
<br /> ISLAND, HALL COUNTY, NEBRASKA, BY WARRANTY DEED RECORDED AS DOCUMENT
<br /> NO. 77-005775 .
<br /> which has the address of 2 9 0 9 WEST ANNA STREET
<br /> GR.AND I SLAND , Nebraska 6 8 8 0 3
<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. 03/97)
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