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<br /> � � DEED OF TRUST 94"1b:�0'7�
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<br /> THIS AEED Ot�TRUST("Secu►ity Instnunent")is made on �y 19, 1994 .The trusror is
<br /> Lar.ry D. Williama and Deanna L. �r'�lllama. husband and wife
<br /> ("Borrower").The tn►stee is Ncsrr.est Bank Nebraska, National Assaciatian
<br /> ("Trusta").The beneFzizr7�as NarWest ]Bank Nebraska. National. AssociaY.ion
<br /> bwii'�•7., n�i�t.'ron�ala� n wc '�'ic uiii�cu u�ait2�.o .'Sf ::.TQ�YyL'E .:11ldW�lOSC
<br /> �l�icls io�:^ ..,,....r.d., !�la.._�f
<br /> addressis �U2 West Th3rd Street, Grand island, Nebraskn 68801
<br /> ("[.ender").Borrower owes LeTider the princip:il sum of
<br /> Fifteen 7�housand Five He�ndred aud no/100ths —�1�ars(U.S.S 15,540.00�►** �•
<br /> '1'I�is debt is evidenced by Borr�xwsr's note dnted the sam� date as this Security Instrument("Note"),wl�ich provides for
<br /> monthly payments,with thc fuU ct�b�.if not paid carlier,due and payable on May 19, 1999 '
<br /> This Security Inshument socures to l.ender:(:►)the repaymen:of the debt evidencod by the Note, with interest,and all x�newals,
<br /> extensions and modifiauions of the Notc: (b) thc paymcnt of all other sums. with intcress, ndvanccd under patagrapli 7 to
<br /> protect the security of this Se:curiry Instrument; and (c) the perfom�nee of Borrower's covenants and agreemenGti. For this
<br /> purpose, Bonower irrevc�cably grants and cam�eys to Txustce,in trust, with pc�wer of sale, thc following describcd property
<br /> ������ H811 County,Nebraska;
<br /> Lot 44, We��er.n Heights ThircE Sr.�division, City of Grand Island, Hall Countys =
<br /> Nebraska.
<br /> THIS AEBD 4F ��',UST SECURES AN OPEN END REVQLVING LINE OF CREDIT. SEE ATTACHED _
<br /> HOME EQUITY L7NE OF CREDIT R1DER. _
<br /> whic�!'hs�a the adJrcss of 4219 Lariat Place Grand Islnnd ts«�u,cny�. _
<br /> Nebraska 68803 l"Qraperty Addrcss");
<br /> f7_ip codc�
<br /> TDCETHER W(TH ali the improvements�ow or her�;ier erected ou the properiy.and all c:isements,appurtenances. :u�d _
<br /> Cxtures now or hereafrer a part of the property. A�� reF�acements and �idditions shs�9 also be covered by Q�is Securiry _
<br /> Instrumcn.t.All of thc fomgoing is rcfcrrcd to in this Security Instrument as thc"Property."
<br /> BORROWER COVENANTS that Borro«•es is lawfully seiu,•d of the etit�te hemby conveyed and has tlic right to gr�nt and
<br /> ennvey the Property nnc!that the Property is unencumbered, except far encumbrances of record. Borrower wam.uns and wiU -
<br /> defend generally the title ro the Froperty ag:�inst all clnims und demands,suhi:ct to any encumbranres of record. .
<br /> THIS SECURITY INSTRUMBNT combincs uniform covenants for natianal use and non-unif�ttn cnvenants with limit�
<br /> variation>:ny����:tdiction to constitutc a uniform sccurity instrument cov;:ring rcal property.
<br /> UNfFORM COV�NAN1'S. [ieirrower and Lcnder cavenant and aFrec us follows:
<br /> 1. Y�ymtnt of I'rituipul uud Literc�st; Yr�cpayment and Laic Char��.�s. 8orrc�wcr sliall promptly p•�y �vhcn duc thc
<br /> prin�ip�1 uf:uxl inlCttist on thc dCbt CvidCriCC4 by ine tvotc and any p�ay�ncni and i.iie�ii:iigc3����T�:c;:.�.":a::. -
<br /> - 2. �und�fct Taxcs and Insurnnc�. Subject to applicablc law or to a a�rittcn waivcr by Lcndcr, $orrowcr sliall pay to
<br /> l.ender on the day month(y pcsyments are due under thc Nutc,until thc:Vote is paid in full,a sum("Funds")for:(a)yc:,rly taxes
<br /> and assessnxnts wliich may atwin priority ovcr Ihis Security Instrumcnt as a licn on thc Nroperty;(b>ycariy lcascholS paymcnts
<br /> or gmu►xi rents an thc Property,if any:lc)yearly ha�ard or propany insur�nce prcmiums;(d)ycarly Floixl insurance premiums, ;
<br /> if any:(e)yearly mortgage msurance premiums, �f any::utd (� auy :,wus payable by f3anower to I..ender, in acYOrdance �vith
<br /> the provisions of parasr.�pU 8,in liru ut thc paymcnt of murtgagc insuranrc premiums. Thcsc itcros arc ci�llcd"Eurow Itcros." 'I
<br /> l.eisder may, at any tirne,rallcct c{►xi hold Funds in an amount not to exceesl the m:ucimum umount a Icnder for.i federally
<br /> rclated mortgagc loan may rc:yuire for Bnrci►wer's cu�►•uw arrnunt undcr thc fcderal Re:d Estatc Sctticmcnt Pmr�durcti Act of :
<br /> 1974 as amcndcd f'rom timc to nmc. !Z U.S.C. St:ctiqr� 2G01 et sey. i"P.FSPA"l.unlcss.moUier law that applics to thc FunJs
<br /> scts a lrs:+cr arrtount. If so. Lcndcr may. at any timc, cuUcct and hold F�z�xls in an amount nnt to cxcccJ thc Icsscr amiiunt. I
<br /> L.ender may cst�mxte thc amount uf�unds duc un thc basis oF cw•rc�n d;rt.�euid runonabl�ctitimatrs uf cx�xnditur�s uF futurc
<br /> Escmw lttms or oN�e�wi�e in acrordance with opplir.►ble I�w. �
<br /> NESFiA5KA-5?ny�e FamilyFattni�Ma�IFnddi�M�c UNIFORM INSTRUMHNT Form 3028 9190
<br />_ �NI 17'fR7 MTG v�+vraa�ranr,r.�o;;a+s �a���z�iu�cu a,oa��z>>::�� v.:,;o��in Amond�d 6191
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