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<br /> [8pacs Above Thls Lfns For Rscording Data�
<br /> THIS LOAN IS NOT ASSUMABLE WITHOUT THE C�
<br /> APPROVAL OF THE DEPARTMENT OF VETERANS �
<br /> AFFAIRS OR ITS AUTHORIZED AGENT �� �
<br /> DEED OF TRUST
<br /> THIS DEED OF TFiUST ("Security Instrument^) �s made or, December 21st 1999
<br /> The trustor is CHRISTOPHER J FRUHLING AND MIRIAM L FRUHLING . HUSBAND AND WIFE
<br /> �°BO�fOW9f°�.
<br /> The trustee is UNITED NEBRASKA BANK 700 N WEBB ROAD GRAND ISLAND NEBRASKA 68803
<br /> (^Trustee").
<br /> The beneficiary is UNITED NEBRASKA BANK , which
<br /> is organized and existing under the laws of NEBRASKA , and whose address is
<br /> 700 N WEBB RD GRAND ISLAND NE 68803 ("�ender").
<br /> Borrower owes Lender the principal sum of Eighty Three ThOU8811d Tw0 Hundi'ed end 00/100
<br /> Dollars (U.S.3 83,200.00). �his debt
<br /> is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full
<br /> debt, 'rf not paid earlier, due and payable on January 1, 2030 . This Security Instrument secures to Lender: (a) the
<br /> repayment of the debt evidenced by the Note, with interest, and eli renewals, extensions and mod'rfications of the Note; (b) the payment of all
<br /> other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of
<br /> Borrower's covenants and agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the
<br /> foliowing described property bcated in HALL County, Nebraska:
<br /> LOT TWO (2), BLOCK ONE (1), WAGGENER SUBDIVISION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br /> NEBRASKA.
<br /> In the event this loan is determined to be ineligible for Loan Guaranty by Department of Veteran's Affairs, this entire loan may be
<br /> declarad due and payable at the option of the mortgagee. The addendum to Deed of Trust attached hereto and executed of even date
<br /> herewith is incorporated herein and the covenants and agreements of the addendum shall amend and supplement the covenants and
<br /> agreements of the Deed of Trust as 'rf the addendum were part hereof.
<br /> which has the address of 503 E 20TH ST GRAND ISLAND
<br /> Nebraska 68801 ("Property Adc�ress"); a�y
<br /> Zip Code
<br /> TOGETHEA WITH all improvements now or hereatter �ected on the property, and all easements, appurtenances, and fbctures now or
<br /> hereafter a part of the property. All replacements and additions shall be covered by this Securiry Instrument. All of the foregoing is referred
<br /> 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 the
<br /> Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to
<br /> the Property against all claims and demands, subject to any encumbrances of record.
<br /> THIS SECURITY INSTRUMENT combines unffortn covenanis for national use and non-un'rform covenants with limited variations by
<br /> jurisdiction to constkute a un'rform securiry instrument covering real property.
<br /> UNIFORM COVENANTS. Borrower and Lender co�enant and agree as folbws:
<br /> 1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay wnen due tt,e
<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 Lender
<br /> on the day monthy payments are due under the Note, until the Note is paid 'n full, a sum ("Funds") for: (a) yearly taxes and assessments
<br /> which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or ground rents on the �
<br /> Property, 'rf any; (c) yearly hazard or property insurance premiums; (d) yeary fbod insurance premiums, 'rf any; (e) yearly mortgage insurance
<br /> premiums, 'rf any; and (f) any sums payable by Bonower to Lender, � accordance with the provisions of paragraph 8, in lieu of the payment
<br /> of mortgage insurance premiums. These items are called "Escrow Items."
<br /> NEBRASKA-Singls Family-Fannie Mae/Frsddie Mac UNIFORM IN3TRUMENT Form 3028 9/90
<br /> F4009.LM0(11/B8) Page 1 of 5
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