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99 112183 , . � , �
<br /> grants and conveys to Trustee, in trust�'vuath powgr of sale, the following described property located in '
<br /> Hd�� C}ounty, State of Nebraska:
<br /> (SEE EXHIBIT 'A' ATTACHED)
<br /> being the same property commonly known as: 503 W. LOU1 Se Street, Grand Isl and, NE 68801
<br /> ("Property Address").
<br /> TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances
<br /> and rents, all of which shall be deemed to be and remain a part of the property covered by this Security Instrument. All of the
<br /> foregoing, together with such property (or the leasehold estate if this Security Instrument is on a leasehold) are called the
<br /> "Property."
<br /> Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage,
<br /> grant and convey the Property, and that the Property is unencumbered, except for encumbrances of record. Borrower
<br /> warrants and covenants that Borrower will defend generally the title to the Property against all claims and demands, subject to
<br /> encumbrances of record. Borrower further warrants, represents and covenants as follows:
<br /> 1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal and interest indebtedness
<br /> and all other charges evidenced by the Note.
<br /> 2. Funds for Taxes and Insurance. If required by Lender, and subject to applicable law, Borrower shall pay to Lender
<br /> on the day monthly payments are due under the Note, until the Note is paid in full, a sum("Funds") for: (a) yearly taxes and
<br /> assessments which may attain priority over this Security Instrument as a lien on the Property; (b)yearly leasehold payments or
<br /> ground rents on the Property, if any; (c) yeazly hazazd or property insurance premiums; (d) yeazly flood insurance premiums,
<br /> if any; and (e) yearly mortgage insurance premiums, if any. These items are called "Escrow Items." Lender may, at any
<br /> time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan
<br /> may require for Borrower's escrow account under the federal Real Estate Settlement Procedures Act of 1974, as amended from
<br /> time to time, 12 U.S.C. Section 2601 et seq. ("RESPA"), unless another law that applies to the Funds sets a lesser amount. If
<br /> so, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the
<br /> amount of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or otherwise
<br /> in accordance with applicable law.
<br /> The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity
<br /> (including Lender, if Lender is such an institution) or in any Federal Home Loan Bank. Lender shall apply the Funds to pay
<br /> the Escrow Items. Lender may not chazge Borrower for holding and applying the Funds, annually analyzing the escrow
<br /> account, or verifying the Escrow Items, unless Lender pays Bonower interest on the Funds and applicable law permits Lender
<br /> to make such a charge. However, Lender may require Bonower to pay a one-time charge for an independent real estate tax
<br /> reporting service used by Lender in connection with this loan, unless applicable law provides otherwise. Unless an agreement
<br /> is made or applicable law requires interest to be paid, Lender shall not be required to pay Bonower any interest or earnings on
<br /> the Funds. Borrower and Lender may agree in writing, however, that interest shall be paid on the Funds. Lender shall give
<br /> to Borrower, without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for
<br /> which each debit to the Funds was made. The Funds are pledged as additional security for all sums secured by this Security
<br /> Instrument.
<br /> If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shall account to
<br /> Borrower for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by
<br /> Lender at any time is not sufficient to pay the Escrow Items when due, Lender may so notify Borrower in writing, and, in
<br /> such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Bonower shall make up the
<br /> deficiency in no more than twelve monthly payments, at Lender's sole discretion. �
<br /> NEBRASKA DEED OF TRUST�s�o��Original - Record ; �j�yy�,l,v
<br /> M003-2NE Page 2 of 7 0089034599 �"
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