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<br /> DEED OF TRUST � � l � % � l � �
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<br /> THIS DEED OF TRUST("Security Instrument") is made on 0 c t o b e r 12 , 19 9 9 . The trustor is
<br /> Clarence A. Brooks and Rae Ellen Brooks , husband and wife
<br /> ("Borrower"). Thetrusteeis Norwest Bank Nebraska, National Association ?
<br /> ("Trustee"). Thebeneficiary is Norwest Bank Nebraska , National Association , '
<br /> � ;
<br /> which is organized and existing under the laws of U n i t e d S t a t e s o f Am e r i c a , and whose j
<br /> address is 202 W. 3rd
<br /> G r a n d I s 1 a n d, N e. 6 8 8 0 1 (°Lender"). Borrower owes Lender the principal sum of
<br /> Fifty One Thousand Five Hundred Twenty One Dollars No/ 100
<br /> Dollars (U.S. $ 51 , S 21 . 00 �•
<br /> This debt is evidenced by Borrower's note dated the same date as this Security Instrument("Note"), which provides for
<br /> monthly payments, with the full debt, if not paid earlier, due and payable on 0 c t o b e r 15 , 2 0 0 9 •
<br /> This Security Instrument sec�res to Lender: (a)the repayment of the debt evidenced by the Note, with interest, and all renewals,
<br /> extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to
<br /> protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this
<br /> purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property !
<br /> located in � u�,� � County, Nebraska:
<br /> Fractional Lot 1 , in Fractional Block 3 , in Bonnie Brae Addition, and
<br /> �
<br /> its compliment , Fractional Lot 1 , in Fractional Block 21 , in Wallich ' s
<br /> Addition, both being Additions to the City of Grand Island , Hall
<br /> County , Nebraska.
<br /> which has the address of 14 0 3 W. 6 t h S t . , G r a n d I s 1 a n d, f sc��ec,c�ry�,
<br /> Nebraska 6 8 8 01 ("Property Address");
<br /> [Zip Code] ' '
<br /> +
<br /> �
<br /> TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and
<br /> fixtures now or hereafter a part of the properry. All replacements and additions shall also be covered by this Security
<br /> 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 grant and
<br /> convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will
<br /> defend generally the title to the Property against all claims and demands, subject to any encumbrances of record.
<br /> THIS SECURITY INSTRUMEI�TT combines uniform covenants for national use and non-uniform covenants with limited
<br /> variations by jurisdiction to constitute a uniform security instrument covering real property.
<br /> __ UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br /> 1. Paymetit-o"�"`Fl�eipa[`an�d°Inte "r�E';""Ft�e�)'��# �Inet°i.atE E;'h:tr�ges:-�o�rc�+ver shall F?�n�P��3` �3�.when clue t]ie- -� .,
<br /> principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br /> 2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower 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 taxes � �
<br /> and assessments which may attain priarity over this Security Instrument as a lien on the Property; (b) yearly leasehold payments
<br /> or ground rents on the Property, if any; (c) yearly hazard or property insurance premiums; (d) yearly flood insurance premiums,
<br /> if any; (e) yearly mortgage insurance premiums, if any; and (� any sums payable by Borrower to Lender, in accordance with
<br /> the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called "Escrow Items."
<br /> Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally
<br /> related mortgage loan may require for Borrower's escrow account under the federal Real Estate Settlement Procedures Act of
<br /> � 1974 as amended from time to time, 12 U.S.C. Section 2601 et seq. ("RESPA"), unless another law that applies to the Funds
<br /> sets a lesser amount�If so, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount.
<br /> Lender may estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future
<br /> Escrow Items or otherwise ii��ccor�dance with applicable law.
<br /> NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 9/90
<br /> �NI 12T97 MTG VMP MORTGAGE FORMS-(3131293-81Q0-18001527-7$91� Page 7 0{.4 Amended 5/91
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