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<br />DEED OF TRUST
<br />'III IS DEED OF TRUST ( "Security Instrument ") is made on March 7th 2003
<br />The vaster is Tracy A Schmitt a single Person
<br />("Borrower"), The trustee is
<br />( "Trustee "). The beneficiary is
<br />which is organized and existing under the laws of the State of Nebraska and whose address is 700 North Webb Road
<br />Grand Island, NE 68803 ( "Lender "). Borrower owes
<br />Tender the principal sum of Fifty Nine Thousand One Hundred Sixty and 00 /100
<br />Dollars (U.S. $ 59,160.00 1.'1'his debt is evidenced by Borrower's note dated the same date as this Security Instrument ( "Note'), which
<br />provides for monthly payments with the full debt, if not paid earlier, due and payable on April 01, 2033 . 'this Security
<br />Instrument secures to Leader: (a) the repayment of thc debt evidenced by the Note, with interest, and all renewals, extensions and modifications;
<br />(b) the payment of all other sums, with interest, advanced under paragraph 6 to protect the security of this Security Instrument, and at the
<br />performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby
<br />mortgage, grant slid convey to Trustee with power of sale, the following described property located in Hall County:
<br />Lot Fifty Four (54), in Buenavista Subdivision, an Addition to the City of Grand Island, Hall County, Nebraska.
<br />which has the address of 336 E South St Grand Island
<br />Isres] IGOI
<br />NE 68801 ( "Property Address ");
<br />I stare I he, Codnl
<br />TOGEI'I IER WITH all the improvements now or hereafter erected on the Property, and all easements, rights, appurtenances, rents,
<br />royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or hereafter a part of the Property. All replacements
<br />and additions shall also be covered by this Security Instrument All ofthe foregoing is referred to in this Security Instrument as the "Property ".
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage, grant and
<br />convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally
<br />the title to the Property against all claims and demands, subject to any encumbrances of record.
<br />1'111S SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with limited variations by
<br />jurisdiction to constitute a uniform security instrument covering real property.
<br />Borrower and Lender covenant and agree as follows:
<br />UNIFORM COVENANTS.
<br />1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest on, the debt evidenced
<br />by the Note and Tate charges due under the Note.
<br />2. Monthly payment of Taxes, Insurance, and Other Charges. Borrower shall include in each monthly payment, together with the
<br />principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and special assessments levied or to be levied against the
<br />Property, (b) leasehold payments or ground rents on the Properly, and (c) premiums for insurance required under Paragraph 4. In any year in
<br />which the Lender must pay a mortgage insurance premium to the Secretary of Housing and Urban Development ( "Secretary '), or in any year is
<br />which such premium would have been required ifLender still held the Security Instrument, each monthly payment shall also include either: T) a
<br />sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (i0 a monthly charge instead of a mortgage insurance
<br />premium if this Security Instrument is held by the Secretary, in a reasonable mount to be determined by the Secretary. Except for the monthly
<br />charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds,"
<br />1101 Cv (8/0 1) 1664184 Page 1 015
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<br />F' 1A Case NO.
<br />321 - 2261643
<br />'III IS DEED OF TRUST ( "Security Instrument ") is made on March 7th 2003
<br />The vaster is Tracy A Schmitt a single Person
<br />("Borrower"), The trustee is
<br />( "Trustee "). The beneficiary is
<br />which is organized and existing under the laws of the State of Nebraska and whose address is 700 North Webb Road
<br />Grand Island, NE 68803 ( "Lender "). Borrower owes
<br />Tender the principal sum of Fifty Nine Thousand One Hundred Sixty and 00 /100
<br />Dollars (U.S. $ 59,160.00 1.'1'his debt is evidenced by Borrower's note dated the same date as this Security Instrument ( "Note'), which
<br />provides for monthly payments with the full debt, if not paid earlier, due and payable on April 01, 2033 . 'this Security
<br />Instrument secures to Leader: (a) the repayment of thc debt evidenced by the Note, with interest, and all renewals, extensions and modifications;
<br />(b) the payment of all other sums, with interest, advanced under paragraph 6 to protect the security of this Security Instrument, and at the
<br />performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby
<br />mortgage, grant slid convey to Trustee with power of sale, the following described property located in Hall County:
<br />Lot Fifty Four (54), in Buenavista Subdivision, an Addition to the City of Grand Island, Hall County, Nebraska.
<br />which has the address of 336 E South St Grand Island
<br />Isres] IGOI
<br />NE 68801 ( "Property Address ");
<br />I stare I he, Codnl
<br />TOGEI'I IER WITH all the improvements now or hereafter erected on the Property, and all easements, rights, appurtenances, rents,
<br />royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or hereafter a part of the Property. All replacements
<br />and additions shall also be covered by this Security Instrument All ofthe foregoing is referred to in this Security Instrument as the "Property ".
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage, grant and
<br />convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally
<br />the title to the Property against all claims and demands, subject to any encumbrances of record.
<br />1'111S SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with limited variations by
<br />jurisdiction to constitute a uniform security instrument covering real property.
<br />Borrower and Lender covenant and agree as follows:
<br />UNIFORM COVENANTS.
<br />1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest on, the debt evidenced
<br />by the Note and Tate charges due under the Note.
<br />2. Monthly payment of Taxes, Insurance, and Other Charges. Borrower shall include in each monthly payment, together with the
<br />principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and special assessments levied or to be levied against the
<br />Property, (b) leasehold payments or ground rents on the Properly, and (c) premiums for insurance required under Paragraph 4. In any year in
<br />which the Lender must pay a mortgage insurance premium to the Secretary of Housing and Urban Development ( "Secretary '), or in any year is
<br />which such premium would have been required ifLender still held the Security Instrument, each monthly payment shall also include either: T) a
<br />sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (i0 a monthly charge instead of a mortgage insurance
<br />premium if this Security Instrument is held by the Secretary, in a reasonable mount to be determined by the Secretary. Except for the monthly
<br />charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds,"
<br />1101 Cv (8/0 1) 1664184 Page 1 015
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