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<br /> L1EED OF TRUST 94- �� :, ��
<br /> 11
<br /> � TfIIS DBBD OP TAUST("Sxurity Imtiun�ent')i�m�ds on June 3, 1994 � .'���i�
<br /> Jerry J. Czarnick and Sandra J. Czarnir.k,hueband aad wife ae �oint tenants
<br /> (•JWrrower").7t�e austee is Norvest Banic Nebraeka, National Asso�iation
<br /> �».�N�•�.��g��y;g Norwest Baak Nebraska, Nationai Aesociation �
<br /> ���+�3�:�d br3��r th�larr�af Ttts �3aisr�r! Stste: rsf �rir.a ,aUd�uhose =
<br /> arld�ess ns 202 West Third Street, Gs�ad Island, Nebraska 68801
<br /> • ('Lender').Borrowu owes Lend�r the principal sum of
<br /> � � t �.
<br /> Five '�.ctic�a�d and aa/100ths Dollars([I.S. SS,OOO.Ob*�* ..�. )•
<br /> This c3�t''as`�'vi3e�cod by Borrower's note dated ttte same ctate as tlris Secuticy IaSrm�ndeait("Note").which�r��i�ea for
<br /> mc�nthly p;ryni�ts,vith the full debt.if not paid earlier.due and payable on June 15, 1999 `� �` �
<br /> 'fhis Sen�rity Inst►w�neat secuces to Lender:(a)the repaymeat of the debt evidenced by the Note.wlth inurest,attd tiEl.r�tZtwals.
<br /> eatensioas and modi8cadons of tGe Note; (b)the pay�nent of tul other sums. with interest, advanced uader paragra�i�7 to , •
<br /> pmtxt the sec�uity of this Sxudry Inst�ument; aad(c) the perfom�anc�e of Horrower's wvenants a�d ageeements.•�this
<br /> putpose.Borrower icrevacably grants und oonveys w Tivstee.ia uust.with power of sale,the following described property
<br /> locuod in liali County,Nebraska:
<br /> Lot 14, Biehop Heights 5ubdivision, City of Grand Island, Hall , -
<br /> County, Nebraska.
<br /> whict�I�as the addnsa of 4321 Sherwood Rd. Grand Island Isueec,c��y1, °_
<br /> � Nebraska 68803 ("P�nPenY Address"): _
<br /> � F'.
<br /> [Zip COdt) -
<br /> 'IXX3ETHER WI'fH silt the impmvements now or hereafter erected on t!�property.and uli easeme�ts,appucUenances.and _
<br /> !
<br /> fiatu�+es now or hemafter a part of the pmperty. AII replacements nnd additions shall also be covesed by this 5ecurlry -
<br /> InstnuneM.AII of the foregoing is refemad to ia this Security Instnunent as tlte"Prope�ty" �
<br /> HORROWER COVENANTS that Borrower ps lawfulty seised of tha eswte hereby oonveyed and has ehe right to grant and
<br /> oonvey the Pmpeny atd that the Property is unencurtibered.except for encumbrances of record. Bomnwer w:urants end will L
<br /> defen�d generally the ade ta the Propeny aguinit u{!claims and demands.subject co eny encumbrances of nxord. �
<br /> THIS SECURITY iNSTRUMENT oombiaes unifortn oovenants for national uso and non-uniform wvenants with limited
<br /> variations by judsdiciion to rnnstiwte n uniform sacnrity instrument rnveting real property.
<br /> UNIFOltM GOVI8NAN7'S.8or[ower and Lcsr�er wvenant and agt�e us follows: i
<br /> I.paymmt af�1'(ndpitl ¢ttd Intet+�st;Pt+ep�ytncnt and iate Char'ges. Borrower shall promptly pay when due the
<br /> princi�pal of and int+etcst on the debt evtdcrtasd by the Note nnd any prepayntent and iate cnarges due under cne riote.
<br /> $ Funds[or Taxes and[tw�rance.Subjvct to appiicuble law or to a written waiver by Lender. �osrower shall pay to
<br /> L�ender on thc day monthly payments are due nc�dQr the Noie.until the Note is puid in full.u sum("Funds")for:t��y��r�y��
<br /> and:u.se5simenu which may atnun prioriry ovet this Security Instrumettt as u lien on the Property;(b)yearly leasehold payrnenu
<br /> or gcrwnd rerts on the P[ogtety.if any;(c)yearly hazard or property insuranw premiums:(d)yearly ilood insurance remiums. �
<br /> gc w
<br /> if any;(e)yearly mortgage insumncc piemiums. if ony;mxl(�nny sums payable by Bc�rrower to Lender.in:ntiw ;uu�e with �
<br /> the p�vistons of pamgraph 8,in lieu of the payment of mortgage insur•uwe premiums.These items are called"Escrow Irems." _.
<br /> L,cnder may.at any ti�. collcct t�nd haid Fands in an nmount not to exc.�ed the m.ucimum amnant a Iernicr for a fedenilly _
<br /> �elat�d morigage loan�riay rcyutre for Borrower's escrow uccount under the federal Rral Esutte Scttlement Pt+occ.�dures Act of
<br /> 1974 as amended fmm dafe to time. 12 U.S.C.Scclion 2601 et sey. ("lt�SPA").untcss another!aw that npplies to the Funds
<br /> sets a lesscr nntount. If so. Leieder may. at any time. cmllcct Atecl hold Funds in un cvm�unt not to excced the lesser:mmunt.
<br /> Lemler may estimate tha umnunt of Funds duc nn thc basis uf cumnt duw nnd neasflnable estimatc�nf cxpenditures of future
<br /> Escmw ttems or othcrwlse in ocx�onla�iac wtth opplfcablc law.
<br /> NEdR�SKA-Singta Famity6�NCa�fFrsd�i�tlteo U1W�ORN!IN9TRiJNiElit form 3028 9180
<br /> �Nl a27'87 NiTO v�'.PMDATaAGh fOAL1S �813i20�0�00 rt:ao:si�»o+ vtIIo i m o Amend�d 6�91
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