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� e� � .:..� f� C� � !� 2'� �r� c� cr� � x �v o —i Q,—t = D p c n : �'° � � = N � � � 4-;,. z m �fl. . � � � � � � � �, --� o cu �c,� N O "v7 CD C/1 . �� C.�J -^� � �y , /� s..r 1/ ' ';� f,`�� A W F_'�� O �� q,� � r"'" T,► �.._,�� � i;� rs Cn fD t, � 7C N�, j�'� D � � ........ Z N � F�G � 99 111241 �Space Abovs This Lin� For Recordiny Data� , � � DEED OF TRUST THIS DEED OF TRUST ("Security Instrument") is made on November 18th 1999 . The trustor is CLAYTON T LINCOLN . AN UNMARRIED INDIVIDUAL. ("Borrower^). rne trustee �s UNITED NEBRASKA BANK 700 N WEBB ROAD GRAND ISLAND NEBRASKA 68803 (^Trustee^). The beneficiary is UNITED NEBRASKA BANK which is organized and existing under the laws of NEBRASKA . and whose address is 700 N. WEBB RD. GRAND ISLAND. NE 68803 (^�ender^). sorrower owes �ender tne pr�c�si sum or Ninetv Six Thousand Seven Hundred Fiftv and 00/100 Dollars (U.S.$ 96.750.00). This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthty payments, with the full debt, ff not paid earlier, due and payable on December 1, 2029 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, w$h 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 Security Instrument; and (c) the perfortnance 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 iocated in HALL County, Nebraska: LOT ONE (1), BLOCK ONE (1) WESTROADS ESTATES SECOND SUBDIVISION, HALL COUNTY, NEBRASKA. which has the address of 3508 SCHROEDER AVE . GRAND ISLAND Nebraska 68803 s"°°' aty ("Property Address"); Zip Code TOGETHER WITH all improvements now or hereatter erected on the property, and all easements, appurtenances, and fbctures now or hereafter a part of the property. All replacements and additions shall be covered by this Security Instrument. All of the foregoing is referred to in this Securiry Instrument as the "Property." 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 Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniForm covenants for national use and non-un'rfortn covenants with limited variations by jurisdiction to constitute a un'rform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal and Interest; Prepayment and Late Charges. Borcower shall promptly pay wnen 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 and Insurance. sub)ecc co applicable law or to a w�itten waiver by Lender, sorrower snau pay to Lender on the day monthy 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) yeary leasehold payments or ground rents on the Property, 'rf any; (c) yearly hazard or property insurance premiums; (d) yearly flood �surance premiums, 'rf any; (e) yearty mortgage insurance premiums, 'rf any; and (� any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu ot the payment of mortgage insurance premiums. These items are called "Escrow Items." Lender may, at any time, collect and hoid Funds in an amount not to exceed the maxwnum amount a lender for a federaly related mortgage loan may require for NEBRASKA-3ingle Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 9/90 F1029.LMO(10/99) Page 1 of 5 1