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<br />State of Nebraska DEED OF TRUST
<br />321- 2232913
<br />THIS DEED OF TRUST ( "Security Instrument') is made on October 25th
<br />2002
<br />The tmsmr is Ryan Klootwvk and Beth K. Klootwvk as husband and wife
<br />( "Borrower'). The trustee is Commercial Federal Bank, a Federal Savings Bank
<br />y�
<br />( "Trustee"). The beneficiary is United Nebraska Bank
<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 />Lender the principal sum of Seventy One Thousand Nine Hundred and 001100
<br />Dollars (U.S. $ 71,900.00 1. This 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 November 01, 2032 This Security
<br />Instrument secures to Lender (a) the repayment of the 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 (c) 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 and convey to Trustee with power of sale, the following described property located in Hall County:
<br />Lot Five (5), Anderson Subdivision, in the City of Grand Island, Hall County, Nebraska.
<br />which has the address of 1021 S. Vine Grand Island
<br />[weal [Cast
<br />NE 68801 ( "Property Address ");
<br />[ scow [zip twirl
<br />TOGETHER 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 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 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 />THIS 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 late 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 Property, 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 in
<br />which such premium wcold have been required if Lender still held the Security Instrument, each monthly payment shall also include either (f) a
<br />SUM for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (it) a monthly charge instead of a mortgage insurance
<br />premium if this Security Instrument is held by the Secretary, in a reasonable amount 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 arc called "Escrow Funds."
<br />I IetCV pail) 0.2969 Pass I Of5
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