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<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST ("Security Instrurtient^� �s made on December 15th 1999 . Tne trustor
<br /> is Thomas J Hill and Janet S Hill , husband and wife
<br /> (^Borrower^).
<br /> Tne truscee �s United Nebraska Bank 700 N. Webb Fid. rand Island NE 68803
<br /> (^rrustee^).
<br /> Tne benefic�ary �s United Nebraska Bank
<br /> which is orgeniaed and eocisting under the laws of Nebraska , and whose address
<br /> �s 700 N. Webb Rd. Grand island NE 68803 (^�ender^).
<br /> Borrower owes Lender the principal sum of ne Hundred eventeen Thousand ven Hundred and 00/100
<br /> Dollars (U.S.a 117.700.00). This debt is evidenced by Borrower's note dated the
<br /> same date as this Security Instrument ("Note"), which provides for monthy payments, with the tull debt, 'rf not paid earlier, due and
<br /> payable on .1811U8r1/ 1, 2015 . This Securiry Instrument secures to Lender: (a) the repayment of the debt evidenced
<br /> by the Note, with interest, and all renewals, eoctensions and modifications of the Note; (b) the payment of all other sums, with interest,
<br /> advanced under paragraph 7 to protect the security of this Security Instrum�t; 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 folbwing described
<br /> property bcated in H811 County, Nebraska:
<br /> Lot 5, Westwood Park Fourth Subdivision, in the city of Grand Island, Hall County, Nebraska.
<br /> wn�cn nes cne address of 4020 W Faidley Ave . Grand Island
<br /> 8trs�t qty
<br /> Nebraska 68803 ("Property Address");
<br /> Zip Cods
<br /> TOGETHEA WITH all improvements now or hereatter erected on the property, and all easements, appurtenances, and fbctures now
<br /> or hereaRer a part of the property. All replacements and addkions 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 law(uly 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 generaly
<br /> the title to the PropeRy against all ciaims and demands, subject to any �cumbrances of record.
<br /> THIS SECURITY INSTAUMENT combines un'rform covenants for national use and non-un'rform covenants with limited variations by
<br /> jurisdiction to constitute a uniform securiry instrument covering real property.
<br /> UNIFORM COVENANTS. Borrower and Lender covenant and agree as folbws:
<br /> 1. Payment of Principal and Interest; Prepayment and L.ate Charges. Borrower shall promptly pay when due
<br /> the pr'ncipal 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 applicabie law or to a written waiver by Lender, Borrower shall pay to
<br /> Lender on the day monthy 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) yeary leasehold payments or ground
<br /> rents on the Properry, if any; (c) yeary hazard or property insurance premiums; (d) yeary fbod insurance premiums, N any; (e) yearly
<br /> mortgage insurance premiums, 'rf any; and (� 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 meximum amount a lender for a federaly related mortgage ban may require for
<br /> NEBRASKA-Sinyls Family-Fannis Mae/Frsddie Mac UNIFORM INSTRUMENT Form 3028 9/BO
<br /> F1029.LMO(10/99) Page 1 of 5
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