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<br /> [Spacc Alwvc Tht�I.Ina Eor Recording Data] � Z�(��p(y�$'06
<br /> �.; DLEI� OF TRUST �..�b�o� ��1.00 -_
<br /> ,_ _.
<br /> �
<br /> C�.-�,��yNORWEST�ANK NEBRASKA �
<br /> PO COX 340£3 _
<br /> , — O�UI`,:1��,i•'L .�51.03 —
<br /> " AiTrd: NFIYLt:i J�:NSGN
<br /> . . � TH1S DEED OF TRUST('Security lnstrument")is made on November 25, 199G .The t�ustor is -- -
<br /> KENNETH L. OTTO AND DQNNA M. OTTO, HUSBAND AND WIFE AS JOINT TENANTS
<br /> ("Borrower"). The trustee is NORWEST BANK NEBRASKA, NATIONAL ASSOCIATION
<br /> • _ ("Trustee").The beneficiary is NORWEST BANK NEBRASKA, NATIONAL ASSOCIATION
<br /> ,
<br /> which is organized and existing under the laws of UNITED STATES OF AMERICA , nnd whose _
<br /> „ address is 202 WEST THIRD, GRAND LSLANll, N�BitASKA b$uu --
<br /> �� ("I.ender"). Horrower owes I.ender the principa!sum of
<br /> ., FORT�YSEVEN THOUSAND ONE HUNDRED TWENTY NINE AND 87/100 Dollars(U,S. S1+7,129,87*** �•
<br /> This debt is evidenced by Borrower's note dated the same dute as this Security Instrument("Notc'). which provides for
<br /> •� monthly payments,with the fuU debt,if not paid eurlier,due and payable on 12/09/99 '
<br /> This Security Instrument secures to Lender: (a)the rcpayment of the debt evidenced by the Note,with inrerest,and ull renewals, _
<br /> extensions nnd modifications of the Note: (b) the payment of all other sums, with interest, udvanced under paragrnph 7 to F
<br /> , protect the securiry of this Security Tnstrurnent; and (c) the performance of Borrower's covenants and agreemen�s. For this �
<br /> purpose, Borrower irtevocably grants and con�eys to Trustee, in trust, �vith power of sale, the following described property ,�,
<br /> County, Nebraska: =_
<br /> lacated in �Y, _
<br /> �.�
<br /> THE NORTH 10 FEET OF LOT 3 AND ALL OF LOT 4, GEER SUBIDVISION, �_�:
<br /> CITY OF GRAND ISLAND, HALL COUNTY� NEBRASKA % �
<br /> . ��
<br /> .�. ,; ��
<br /> ' ('�,.
<br /> which has the address of 596 E. 20th Street, GRANA ISLAND I��RCC,ctry�, I
<br /> Nebraska 68801 ("Propcny Addmss"):
<br /> �2ip CoJcl
<br /> � 1'OGETHER WITH all thc irnprovcmencs now on c�reafter erected on the property, and all easemcnts, appurtcnances,und
<br /> fixtures now or hereafter a part of the property. All replacements and additions shall also bc covere�! by this Security
<br /> , Instrument.All of the foregoing is rcferred to in this Security Instrutnent ns thc"Propeny." �
<br /> BORROWER COVENANTS ►hat Barruwer is lawfully seised of thc cstatc hcreby ronveyed:uid has thc right to @rant and
<br /> eonvey the Pmpeny and that the Pmperty is unencumbered, except k�r encumhr.�nce�of rerurd. Borrowcr wurrants and will
<br /> � defend generally the tide[o the Property against all claims anJ demands, subject to any enrumhrances uf rccoiil.
<br /> THIS S$CURITY INSTRUMENT contbines uniform covenants for nationul use and non-uniforrn covenants with limitrd
<br /> variations by jurisdiction to constitutc a uniform sccurity instrument covcring mal praperty.
<br /> UNIFORM COVENANTS. 13orrower anJ Lendcr cuvcnant and agreeas tiillows: �
<br /> • I_ Payment of Prlttcipal and Interest; YrepAyment und Lute Char��.ti. Borrowcr shuU prurnptly pay whcn duc thc ;
<br /> " -- - ' nrincin:il of and intcrest on the debt cvidenceJ bv thc Notc and any prepaymcnt und late rharges Jue un�lcr thc Notc. '
<br /> --- — � .
<br /> • 2. E�tnds fur Tuxes und Insursince. Subject to applirablc law ur to a written waiver by Lender.Bnrrower sh�Ul pay to
<br /> � Lcnder on the dxy monthly payments are due under the Nute, until the Note is paid in full, a+um("Funds") for. (a)y�arly taxcs i
<br /> ' " and assessmcnts which may attain priority ovcr this Scruriry Instniment us a lien on thc Pmperty; (b)ycarly Icaschold paymcnts
<br /> �. or ground rents on the Property,if any;(c) yearly huzard or property insurance premiums; (d)ycarly flual insurancc prcmiums.
<br /> if any: tc) yc:irly mortgagc insuruncc prcmiums, if any; and (�any sums puyablc by Borrowcr to Lcndcr, in acr��rdancc «•ith
<br /> t, '' the provisions of paragraph 8, in lieu of the payment c�f mortgage insur.�nce premiums.These items are cal led "Esrrow Itcros.'
<br /> • '. Lender may, at any timc. colleci and liold Funds in un umount not to exceed the maximum amuunt a Icnder tirr a fedrrally •
<br /> } related mortguge loan may requirc fi�r Borrowcr's esrruw accowit unJcr thc fcdcral Rcal Euatc Sctticment Proecdurca Art uf �
<br /> ,.� 1974 as amcndcci from time lci time. l2 U.S.C.Scction 2601 et sey. ("RESPA"l. unless anothcr la�v that applic>tu thc Fundti ,
<br /> sets a Icsscr amount. lf�o, L.cnder muy, at any time, rollc�t and hold F'vnds in an amount nnt ti�cxcced ihc Ir�ticr cunount.
<br /> Lendcr may cstiroatc the :mtewnt of Fundti duc�m the basis c�F rurrrnt d�ua .md reasunablc c�timatc� uf rxpcnJiturcs uf futurc
<br />- �,� Escrow ltems or athenvise in accorJaiice with applirc�ble law.
<br /> . �
<br /> " . NEBFlASNA-5inglo Fam�lyFonnfu Mno/Froddlo Muc UNIFORM IfUSTRUMENT . Form 3020 9/90
<br /> �NI 72T97 MT6 VMP�IONiG�GE FQHlAS ��i,��rea ii�oo �eoo��,:� »�� v„�,.�„�a Amondod 6/97
<br /> � �� � ..
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