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<br /> � . DEE� �F TRUS� �
<br /> ��QRWEST BANK NEBRASKl1,�. . �'�"` �� ►,'.�
<br /> P.O.BQX 3dOS .
<br /> — �MAHA,NE 6$Y03 • . _
<br /> RTYiV: IAURIE MARtINEl
<br /> � -- ._ .
<br /> -c-- THIS A�BD OP TRUST("Sxurlh�InswmenY)is m,ade on May 24. 1q94 .'14e w5tor Is
<br /> William J. Laad�� and Margaret Atta Landis, husband �nd wife ae �o�.i�C� te�n��t,�,�
<br /> ("��W�r")•'���� Norttest Bank Ne�raska, National•Aasociati,apt , '
<br /> — ("'�n�stx") Thebeneflciazi'is Ncrcesi Bank Nabraska. Nationed. Aasoci.ati.aft•
<br /> - •_ - _ - �irlt 3s ozgssist�ssts!�fsting t�r�h!+I�wa of T}!P IITILLed SLA[P£i u�f Amer ica. ,and whose
<br /> addressis 202 Weat Third Street. Grand Isiand, Hebraslsa 68801
<br /> ' ("Len�ier").Borrowet o,wes�i+ertder the pr�ncipal awn.�f
<br /> - – � Fo�t�:yai�e Thoueand Five Hund�red and no/100ths---------�ollara(U.S.$4�a��4D.4Q�� 3� .
<br />-- 'l�is.�sbE•iS..pv�demed tsy Borrower's aote datai the same dute as this. Security Inat,xum��t(°:NozC".�.v�t�{s�l P�vides for
<br /> t[�n'thly pi�ymenis,with the fulf debt.if not paid earlier,due and paysble on May 24� 19����: ' . � '� • _
<br /> 'fhis Security�[ustruanent secures ta Lsnder: (a)the repaymeat of the debt evidenc�t!by tha•Nate,��r�S�iferestt and ell reaewals+
<br /> eatensions end modifecat�ons of the Note; (b) the payment of all other sur�ts, with inta�at. udv.a.�ed under parngraph �7 La,
<br /> protect the security of this Security Inswzneat: and (c) the performance of Borrower's covanaqcs.and agreEments. Por this
<br /> purpose, Bomo�er irrevocabiy grauts and conveys to Trustee. in wst. with power af sale��che.�oUawins described property
<br /> � located in Hall � County. Nebraska:
<br /> � The West 1/2 of the Northeast I/4, Section 9, Totinship 11 Nart's,� ' r
<br />-', Range 10, Weat of the 6th P.M.. Hali Couaty, Nebraska. _
<br /> " THIS DEBD OF TRUST SECURES AN OPRN END REVOLVING LIN$ OF CR�UZT. :
<br /> ;' SE$ AT�ACHSD �OI� EQUIIR LINE OF CRBDIT RIDEIt. . =_
<br />�i� I ":
<br /> � zvhich has the address of 5301 W. Capital Aveaue Grand Island Isaa�,c�ry�, ,_
<br /> Nebraska 68803 ("�PeKY Address"): �
<br /> .� [Zip Codel
<br /> 'tnC3ETHBR WITH all the improvements now vr hereafter erected on the property,tutd all aasemaat�..�purtenances.end
<br /> . fixtures now or hereafter p purt of the property. AU repfacements nnd uddittons shail alsa bc covera:l by this Security
<br /> Insuvment.All of the foregoing is refernd to In this Security Instrument as tt�e"Property."
<br /> ���� BORRUWER COVENANTS that Bonuwer Is lawfully seised of the estptc hereby oonveyed and has the right to gtant and
<br /> 'w � couvey the Property and t6at the Propctty !e urtencumbered. except for encumbtrinces of�e�o�d, Borrower warrant�and wi11
<br /> defend generally the tltle to tlie Property against all claims and dem:uids.subjact to any vncwnbrar,r�s of record.
<br /> , THIS SECURITY INSTRUPdBNT combines uniform covenunts for na[ional use and non-uniform aoverr�*s with limlted
<br /> -�-��.`:c variations by jurisdiction to constitute a unitorm securiry instrument rnvering rea�preperty.
<br /> UNIFORM COVBNANI'S.Borrower nnd L.ender asvennnt and agree as follows:
<br />__ ,. ` ':;;;:.;.' 1. Payment oi Primipal and Inte�+est; Prepnyment und I.nte Charges. 8oxrc�wer shatl pcomptly p3y when due the
<br /> _J�'._ 'L_`__J..�....J...�L�1U..1�
<br /> , prirtcipaI of and interest on tne tiett evi�enced"oy cne ro�e and any p�zpay�.�c.ii a�n.,aw«��a����•�..�•�•��.�.�.
<br />�_!�� ��""'�"" 2.Fnnds for Taxes uad Ittsurence. Subject to appUcable law or to a written waiver by l,ende+r, Bosnwer shall pay to
<br /> ��� i,ender on the day monthly payments cu+e due under the Note.until the N�re is pa�d in fuQ,u sum("Funds">for: {n)yearly taxes
<br /> s• sind assessments which may uttatn prIority over d�is Securiry Instnimcnt as a Ilen on the Prupatiy:(b)yearly teasehold payments ,
<br /> `; or ground rents on the Pmperty,if uny;(c) �early hazard or pmperty insurance premiams.(d)ycarly tluod insur�nce premiums, �
<br /> � '� if any;(e)yearly mortguge insurance prem�ums. if any; :�nd t4 uny sums payuble by Botcawer to l.ender. in�ccordance with
<br />-` ° the pn�visions of paragraph 8.in lieu of the payment af�nortgage insurnncQ premiums. Th�tss items ure cAiled"Fscrow Items."
<br /> Lender may. at any time.collect and holsi Funds in an amount not to excecd the m:axtmum amaunt u lender for u federiilly
<br /> reluted mortgage loam m�y require for Borrower's escrow uccnunt under the federal ReaL Hstata�Setciamsrt.t Procedures Act of
<br /> �v 1974 as amended from time to time,I2 U.S.r. Section 26Q1 et sc�q. ("RESPA"). unlawF�wihac la�r•thut upplies to the Funds
<br /> sets u lesser amoum. If so, Lender may,ut uny time.collect u�id hold Funda in un umount�nat to excecd the le�ser nmount.
<br /> Lender roay estiamte the amount of Funds due on the basis uf current dntn and reaumahlc��timates of expenditures of future
<br />= Escrow Yteros or otherwise in 3ccurdance witl�applicable luw.
<br /> • NEBRASKA-Single FamiiyFannls[1�a/Fnddie Mta UIYfFORM INSTRUMENT Form 3028 9190
<br /> � . . � �l��� �NI 12T87 MTA VA/P MORTQA6P.FORh1S �9tJ�209-Bt00 �8001671 J291 �apo 1 of 4 Amendod 6/91
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