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<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST ("Security Instrument") is made on August 30th , 1999 . The trustor
<br /> �s DANIEL K MEYER AND CECE A. MEYER HUSBAND AND WIFE �
<br /> ("Borrower").
<br /> The trustee is INVE T R TITLE IN URANCE COMPANY 1023 LINCOLN MALL LINCOLN NEBRASKA 68508 +
<br /> ("Trustee"). �
<br /> The beneficiary is VIP MORTGAGE, LLC
<br /> which is organized and existing under the laws of NEBRASKA , and whose address a
<br /> is 2407 SOUTH 133RD PLAZA OMAHA, NE 68144 (^Lender"). �
<br /> Borrower owes Lender the principal sum of Eighty Eight ThOUSand Five Hundred etld 00/100 �
<br /> Dollars (U.S.$ 88,500.00). This debt is evidenced by Borrower's note dated the
<br /> same date as this Security instrument ("Note"), which provides for monthiy payments, with the fuil debt, if not paid earlier, due and �
<br /> payable on OCtObel' 1, 2014 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced
<br /> by the Note, with interest, and all renewals, extensions and modif'�cations of the Note; (b) the payment of all other sums, with interest, �
<br /> advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and
<br /> agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described
<br /> property located in HALL County, Nebraska:
<br /> LOT 1, WESTERN HEIGHTS FIFTH SUBDIVISION, GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> �^' which has the address of 4220 13TH STREET , GRAND ISLAND
<br /> .
<br /> scrae� c�,y
<br /> �,./Nebraska 68803 ("Property Address");
<br /> Zip Code
<br /> TOGETHER WITH ati improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now
<br /> or hereafter a part of the property. All replacements and additions shall be covered by this Security Instrument. All of the foregoing is
<br /> 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 grant and convey
<br /> the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generaily
<br /> the title to the Property against all claims and demands, subject to any encumbrances of record.
<br /> THiS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by
<br /> jurisdiction to constitute a uniform security instrument covering real property. r
<br /> UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptiy pay wnen due
<br /> the principal of and interest on the debt evidenced by the Note and any prepayment and Iate charges due under the Note.
<br /> 2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borcower shall pay to
<br /> Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ("Funds") for: (a) yearly texes and
<br /> assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or ground
<br /> rents on the Property, if any; (c) yearly hazard or property insurance premiums; (d) yearly flood insurance premiums, if any; (e) yearly
<br /> mortgage insurance premiums, if any; and (f) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph
<br /> 8, in lieu of the payment of mortgage insurance premiums. These items are called "Escrow Items." Lender may, at any time, collect
<br /> and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for
<br /> NEBRASKA-Single Family-Fannle Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 9/90
<br /> F1029.LM0 (8/99) Page 1 ot 5 / /
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