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<br /> -' ",. DEED OF TR�JST 321-�izaesa- G�
<br /> :�°;,�u-,;;}r�-t� 1 Stat� a+f N�bnslka .
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<br /> "�;,�;�:� ,;�t��,.�.;... THIS DEED aF TRUST('Security InstrummY)Is made on Sa�4�m6er?!�tfi 1994
<br /> , � �Y�� ' Tha tnestor is Shawn'Q'. Rasmussan , A Sinsal� P�rson
<br /> , " ('Aorrower•�. The Uu�:se
<br />��". • ' �; ia C�m�sclal Fad�ral B�nk, ,11 Fed�rai Savings B�nk
<br />, � • (•Tn,stee').The beneflrdary Is The Overland Nn�tione9 Bsnk af C9raani —
<br /> Island .whtch Is organt�ed and r^xistinng under 4he taws of
<br /> ,� . , Tha Unked St�t��nf Amsrica .and whosa address Is 304 Wast Third St��st Grand Isl��l,_
<br /> •� • NE 68801 ('Lender'). �artower owes Lender the pdnclpal 3um of
<br /> � � Forty Savsn Thouwr+d Savan Hundre�l FHtv Rnd OU/100
<br /> Dolkrs(U.S. S 47.750.00 1. Thls debt Is evidenced by 8ortower's note dated the semo date as this Seauily
<br /> i���,���,r r^HntA^�, which orovldes (or monthM aayments, wkh ti�e fuU debt, If not pald erriler, dua and payablo on
<br /> October 1.�024 . Th!s Secudly Instrument secuees to Lender. (a) ihe repayment ot tha dct�t �
<br /> evidenced by the Note, wRh interest, and atl renewals, oxte�slona and modiflcattons; (b)the payment of all other sums, wNh __
<br /> •� tnterest,ndvanced under paregraph 6 to proteet the security o4 this SecuHty InsUument; and (c)the perfomiance ot Boaower's
<br /> � „ covenents end agteements under thls Securiry Instrument and the tJote. For this purpose, Bortower does hareby mortgage,
<br /> grant nnd convey ta Trustea wlth power ot sate, the tollowing descdbad property Iocated in ___
<br /> Hell County: -�
<br /> Part of Lot FiRoen (16) of the County Subdielslon of tt�e South Half (S1/2) of tFee Southsast ---
<br /> Qu�rtsr (SE1/4) M Sections Slxteun (16), In Township Elevan (11j� North, R�nge Nln� (9)� Wost of �=
<br /> ths 6th P.M.. Hill County� Nsbraaka; Mora P�rtloul�riy d�scrib�d aa followa: To-Wit: Comm�ncing �-"'
<br /> � at a Polnt filxt�en (18) Feet Southerty from the Southwssterly Corner o! Lct Four (4), In Block �-=':
<br /> Four (4), In W{ebe's Addition to the CRy of arand Island. Nedoraska, and on a Itne witi�the
<br /> .� W�at�rly gaundary Ilne of sald lot,thsnCe runNng So�therly alang the Easterly boundary Ilne ro? ;�;
<br /> Eddy Street, In e�id city, for a dlstance of SIxty-Four Feet (64'), thence in an Easterly dlrectloro, .
<br /> . parAtlel wRh ths Northeriy boundary Iina of John Streat, In said city for a distanae of Slxty-Six
<br /> Feet (66'),running thsnce In a Northerly dire�tion. pa�allel with the Easterly Boundary Ilne �f
<br /> � Eddy Strest, for a distanae of Slxiy-Four Feet (64')� runnin�thence Westerly, parallel with the
<br /> Northerty Iine of John Stree4,tor a dlstanee of Slxty-Six Feat (66')4o the Place of beginning.
<br /> � vrhich hns tho address ot S13 South Eddv St. �rand Isiand
<br />.. �Strcet] [C�bJ.
<br /> " 6@801 ('Property Address');
<br /> � NE �state� [7ap Coao]
<br /> TOCiETHER WITH 411 the improvements now or hereafter erected on the Property, and all easements,�ighte, appurtenancos,
<br /> • rent�, royaltles, minerel, oil and gas rights and profRs, water dghts and stock end alI fudures now or hereatter n part o1 tho
<br /> Property. All repiacements and additions shall also be covered by this Security InsWment. Aii of the foregoing is referted to In
<br />� '� lhis Secudry Instrument ea tho'F'roperty'.
<br /> BORROWER COVENANTS that Dorrower Is lawfuly seized of tho estate hereby conveyed and has tho right to mort�age, �,
<br /> grent und convey the Property and that the Properiy Is unencumbered, except tor encumbrances of record. Bortower warrants �
<br /> � flnd wfll detend genera�yr tho tiUe to the Property egalnst ell dafms end demands,sub�ect to any encumbrences of re�ord.
<br /> 1. Payment ot Principal, Intera� and late Charge. Botrower shall pay when due tho prinClpfll oi,and [nterest .
<br /> on,the debt evtdenced by tho Noto nnd Iato charges due under the Note.
<br /> - 2. Monthly Payments of Taxes, Insurance and Other Charges. Borrowef shall include in each montny '
<br /> payment, together with the principai and interesl as set lorih in the Note end eny late charges,an Instaiiment of any (a) taxes
<br /> J nnd spectal essessments lovied or to be levled ugalnst the Property, (b) teasehold payments or gro�tnd rents on lhe Property, �
<br /> t'------. ---- - a�d trt nrcxnluma fnr innurenca reaulred bv ParaaraAh 4. :
<br /> , , Each monthty Instni:ment tor ftems (a), (bj und (c)shafl equal one-tweilth of tho ennual umounts,as ressonably estlirvited by �
<br /> € Lender,plus an amount 3ufOcfent to malntaln an additional balanco of not moro thnn one-slxlh o1 the estlmuted umounts. The tull •
<br /> !.. . annunl amount tor ench ftem shc+ll be nccumulated by Lender within n perlod ending ono month before un item wouid become
<br />: � . � dclinquent. Lt�tder shali hold tha cunounts collected in trust to pay ftems (o). (b) nnd (c) befare they become detinquent.
<br />. �t
<br />, ! � If ot uny tlme tho total oi the payments held by Lender for Items (a), (b),nnd(c),toc�ether with tha tuture monthly payments
<br /> for such items pnyablo to Lender piior to the duo dates o:such ttems.exceeds by moro than on�slxth tho estimated amount oi
<br />�� � � payment� requfred to pay such items �vhen due,nnd if payments on tho Note are cuRent,then Lender shall either refund iho
<br /> excess over onrrsixth oi the estfmated payments or credit the excess over one-sixth ot the estimated payments to subsequent
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