|
THIS DEED OF TRUST ( "Security Instrument") is made on September 6th _,2002
<br />The trusts, is DAVID W. SCHMIDT AND DEBRA I. SCHMIDT AS HUSBAND AND WIFE._,.
<br />(" Bcrrower").
<br />The trustee is COLUMBUS FEDERAL SAVINGS BANK t37t 26TH Ave COwMBUS rvE sasot
<br />_ ('Trustee').
<br />The beneficiary Is Community Mor[gage Company
<br />which is organized and existing under the laws of the State of Nebraska and whose address is
<br />P.O. Box 6577 Lincoln NE 68506 -0577 _. ( "Lender ").
<br />Borrower owes Lender the principal sum of Eighty Seven Thousand Three Hundred and 00/100
<br />Dollars (US s 87 300.00 ). This debt is evidenced by Borrower's note
<br />dated the same date as this Security Instrument ( "Nate "), which provides for monthly payments, with the lull debt, if not paid
<br />earlier, due and payable on October 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 Now; (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 />LOT SEVENTEEN (17), BLOCK THREE (3), MORRIS SECOND ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA
<br />which has the address of 224 EAST 18TH STREET GRAND ISLAND
<br />Isveerl Ia,rl.
<br />NE 68801 ( "Property Address ");
<br />Izip code)
<br />TOGETHER WITH all the improvements now or hereafter existed on the property, and all easements, appurtenances, and
<br />fixtures now or hereafter U 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 H the Note and any late 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 Lander 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 if
<br />this Security Instrument is held by the Secretary, in a reasonable amount to be committed by the Secretary. Except for the
<br />monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lander are called "Escrow
<br />Funds."
<br />Isara.LMG (,is.) un Page t of s e%z-
<br />To
<br />n
<br />n n
<br />!7
<br />c
<br />m D
<br />n
<br />n
<br />F6'
<br />n
<br />n
<br />o Zy
<br />N H
<br />a
<br />O C,
<br />y
<br />N O
<br />200209412
<br />Space Above This line
<br />lo, Recording DaAj
<br />_
<br />FHA Caee No.
<br />State of Nebraska
<br />DEED OF
<br />TRUST
<br />321- 2223123 703
<br />THIS DEED OF TRUST ( "Security Instrument") is made on September 6th _,2002
<br />The trusts, is DAVID W. SCHMIDT AND DEBRA I. SCHMIDT AS HUSBAND AND WIFE._,.
<br />(" Bcrrower").
<br />The trustee is COLUMBUS FEDERAL SAVINGS BANK t37t 26TH Ave COwMBUS rvE sasot
<br />_ ('Trustee').
<br />The beneficiary Is Community Mor[gage Company
<br />which is organized and existing under the laws of the State of Nebraska and whose address is
<br />P.O. Box 6577 Lincoln NE 68506 -0577 _. ( "Lender ").
<br />Borrower owes Lender the principal sum of Eighty Seven Thousand Three Hundred and 00/100
<br />Dollars (US s 87 300.00 ). This debt is evidenced by Borrower's note
<br />dated the same date as this Security Instrument ( "Nate "), which provides for monthly payments, with the lull debt, if not paid
<br />earlier, due and payable on October 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 Now; (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 />LOT SEVENTEEN (17), BLOCK THREE (3), MORRIS SECOND ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA
<br />which has the address of 224 EAST 18TH STREET GRAND ISLAND
<br />Isveerl Ia,rl.
<br />NE 68801 ( "Property Address ");
<br />Izip code)
<br />TOGETHER WITH all the improvements now or hereafter existed on the property, and all easements, appurtenances, and
<br />fixtures now or hereafter U 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 H the Note and any late 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 Lander 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 if
<br />this Security Instrument is held by the Secretary, in a reasonable amount to be committed by the Secretary. Except for the
<br />monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lander are called "Escrow
<br />Funds."
<br />Isara.LMG (,is.) un Page t of s e%z-
<br />
|