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C Z a M m M M M 5 n M n n r (� N I� 7 o 0 1� CC) S' o Sox I Z N o �r F m "n ee 3 r r n W W <a W �n O 4 200203402 N ISpvice Abm2 TLb floe the ReeoNine t)mul — FHA Cvse No SC, State of Nebraska DEED OF TRUST 321- 216663A___ , TI HIS DEED OF TRUST ( "Security Instrument') is made on ._ March 26th _ 2002 The mamr is Johnny Mulinix_nnd Bethany B'Islend each a single person ( "Borrower'). The trustee is Commercial Federal Bank a Federal Savings Bank ( "Tmstee" ). The beneficiary is United Nebraska Bank which is orgmrized and existing under the laws of the United Shrtes of America , and whose address is 700 North Webb Road Grand Island, NE 68803 ( "Lender "). Borrower awes Lender the principal sum of Fifty Eight Thousand and 00 /100 Ballots (US - $58000.00 ) Thisdebt is evidenced by Borrower's note dated the same date as this Sectnity Instrument ("Note"), which provides for monthly payments with the fall debt, if not paid earlier, due and payable on April 01 2032 . This Security Instrument secures to lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications: (b) the payment of all other sums, with interest, advanced under paragraph 6 to protect the security of this Security Instrument; and (c) the per En finance of Borrower's covenants and agreements under this .Secm'ity Instrument and the Note_ For this purpose Borrower does hereby mort gage, giant and convey to Iloace with power of sale, the following described property leveled In Hall _ County: Lot Two (2), Block Sixty -Six (66), Wheeler and Bennett's Second Addition to lire City of Grand Island, Hall County, Nebraska. which has the address of 519 E 14th _ Grand Island ISVecQ IC'YI NE 68801 ( "Property Address "); I smi" I [z, Coae] 'IOOE'[HER WITH all the improvements raw or hcrcuRei erected on the Property, and all ewarrants, rights, appurtenances, rents, myslti es, mineral, oil and gas rights and pool water lights and stock and all [ixLLUes now or hereafter a pan nfthe Property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is 1 then 'oil to in this Sceunty I... reounit os the Tmpeav'_ BOMOW ER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage, grant and unvev the Property and that the Property is unencumbered, except for encmnbouccs of record. Bo lower warrants and will defend generally the title to the Property against all claims and demands, subject to any eneumbmnees of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with limited variations by prisdic6on to constitute a uni font security instrument covering real property. Borrower and Lender covenant and agree as follows. UNIFORM COV BNAN "I S. 1. Payment of Prindpel, Interest and Late Charge. Borrower shell pay when due the principal of, and interest on, the debt evidenced by the Note and late charges due under the Note. '_ Monthly ayment of Taxes, Insurance, and Other Charge. Borrower shall include in each monthly payment, together with the principal and interest os set forth In the Note and any late charges, o sum for (a) taxes and special assessnents levied or to be levied against the Property, (b) leasehold payments or ground rents on the Properly, and (r) premiums for insurance required under Paragraph 4. In any year in which the Lender most pay s mortgage insurance premium to the Secretary of Hmuing and Orban Development ( "Secretary "), or in any year in which such premium woo Id Its vc been required if Lender A11 held the Security Tesdvmeny each monthly payment shall also include either (I) a sum far the annual mortgage insurance pmmiunt to he paid by Land i in to the See rcan ry, m (ii) a monthly charge instead of a mortgage ioval unce prenvum if this Security Instmment is held by the Secretary, in a reasonable amount m be dclermined by the Secretary. Except for the monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." nmcvta/au it 151, IT, elor5 OOiO(O e1 DS 1)