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200202536
<br />State of Nebraska
<br />Above This Line for Recording Data]
<br />FHA Casa No.
<br />DEED OF TRUST 321- 2181522 703
<br />THIS DEED OF TRUST ( "Security Instrument ") is made on March 5th 2002
<br />The trustor is BEN D. SIDDERS . A SINGLE PERSON
<br />(Morrowa�f ').
<br />The trustee is COLUMBUS FEDERAL SAVINGS BANK 1371 26TH AVE COLUMBUS NE 68601
<br />("Trustee ").
<br />The beneficiary is Community Mortgage Company ,
<br />Which is organized and existing under the laws of the State of Nebraska , and whose address is I
<br />P.O. Box 6577 Lincoln, NE 68506 -0577
<br />("Lender").
<br />Borrower owes Lender the principal sum of Seventy Six Thousand Eight Hundred FIftV and 001100
<br />Dollars (U.S. $ 76,850.00 ). This debt is evidenced by Borrower's note
<br />dated the same date as this Security Instrument ( "Note"), which provides for monthly payments, with the full debt, it not paid
<br />earlier, due and payable on April 1, 2032 . This Security Instrument secures to Lender: (a) the repayment
<br />of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of
<br />all other sums, with interest, advanced under paragraph 6 to protect the security of this Security Instrument; and (c) the
<br />performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower
<br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in
<br />HALL County; Nebraska:
<br />SEE ATTACHED "EXHIBIT A"
<br />which has the address of 1204 WEST KOENIG STREET GRAND ISLAND
<br />[street] [city).
<br />NE 68801 ( "Property Address ");
<br />181av] [Zip code]
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and
<br />fixtures now or hereafter a part of the property. All replacements and additions shall be covered by this Security Instrument. All
<br />of the 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 grant and
<br />convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will
<br />defend generally the title to the Property against all claims and demands, subject to any encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with limited
<br />variations by 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
<br />on, the debt evidenced by the Note and late charges due under the Note.
<br />2. Monthly Payment of Taxes, Insurance, and Other Charges. Borrower shall include in each monthly
<br />payment, together with the principal and interest as set forth in the Note and any [ate charges, a sum for (a) taxes and special
<br />assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c)
<br />premiums for insurance required under Paragraph 4. In any year in which the Lender must pay a mortgage insurance premium to
<br />the Secretary of Housing and Urban Development ( "Secretary"), or in any year in which such premium would have been required
<br />if Lender still held the Security Instrument, each monthly payment shall also include either: (i) a sum for the annual mortgage
<br />insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium r
<br />this Security Instrument is held by the Secretary, in a reasonable amount to be determined by the Secretary. Except for the
<br />monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow
<br />Funds."
<br />F5810.1-MG (2 /un Page 1 of 5
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<br />Above This Line for Recording Data]
<br />FHA Casa No.
<br />DEED OF TRUST 321- 2181522 703
<br />THIS DEED OF TRUST ( "Security Instrument ") is made on March 5th 2002
<br />The trustor is BEN D. SIDDERS . A SINGLE PERSON
<br />(Morrowa�f ').
<br />The trustee is COLUMBUS FEDERAL SAVINGS BANK 1371 26TH AVE COLUMBUS NE 68601
<br />("Trustee ").
<br />The beneficiary is Community Mortgage Company ,
<br />Which is organized and existing under the laws of the State of Nebraska , and whose address is I
<br />P.O. Box 6577 Lincoln, NE 68506 -0577
<br />("Lender").
<br />Borrower owes Lender the principal sum of Seventy Six Thousand Eight Hundred FIftV and 001100
<br />Dollars (U.S. $ 76,850.00 ). This debt is evidenced by Borrower's note
<br />dated the same date as this Security Instrument ( "Note"), which provides for monthly payments, with the full debt, it not paid
<br />earlier, due and payable on April 1, 2032 . This Security Instrument secures to Lender: (a) the repayment
<br />of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of
<br />all other sums, with interest, advanced under paragraph 6 to protect the security of this Security Instrument; and (c) the
<br />performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower
<br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in
<br />HALL County; Nebraska:
<br />SEE ATTACHED "EXHIBIT A"
<br />which has the address of 1204 WEST KOENIG STREET GRAND ISLAND
<br />[street] [city).
<br />NE 68801 ( "Property Address ");
<br />181av] [Zip code]
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and
<br />fixtures now or hereafter a part of the property. All replacements and additions shall be covered by this Security Instrument. All
<br />of the 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 grant and
<br />convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will
<br />defend generally the title to the Property against all claims and demands, subject to any encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with limited
<br />variations by 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
<br />on, the debt evidenced by the Note and late charges due under the Note.
<br />2. Monthly Payment of Taxes, Insurance, and Other Charges. Borrower shall include in each monthly
<br />payment, together with the principal and interest as set forth in the Note and any [ate charges, a sum for (a) taxes and special
<br />assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c)
<br />premiums for insurance required under Paragraph 4. In any year in which the Lender must pay a mortgage insurance premium to
<br />the Secretary of Housing and Urban Development ( "Secretary"), or in any year in which such premium would have been required
<br />if Lender still held the Security Instrument, each monthly payment shall also include either: (i) a sum for the annual mortgage
<br />insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium r
<br />this Security Instrument is held by the Secretary, in a reasonable amount to be determined by the Secretary. Except for the
<br />monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow
<br />Funds."
<br />F5810.1-MG (2 /un Page 1 of 5
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