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<br />200PA3481
<br />c
<br />S,,c Above Trio Lix, far Rewrtlin6 ricu]
<br />FHA C`ese N.
<br />State of Nehrsska DEED OF TRUST
<br />321- 2236048
<br />O
<br />C
<br />THIS DEED OF TRUST('_ Security Instrument") is made an November 25th
<br />2002
<br />The nd,th, is Natalie Montanez and Leone] Montanez Rueda as husband and wife
<br />( "Borrower "). The trustee is Commercial Federal Bank, a Federal Savings Bank
<br />( "Trus(ee "). The beneficiary is United Nebraska Bank
<br />wluch is orgentoad and existing under the laws of the State of Nebraska and
<br />whose address
<br />is 700
<br />North Webb Road
<br />Grand Island, NF, 68803
<br />( "Lender "). Borrower
<br />owes
<br />Lender the principal such of Sixty Six Thousand Four Hundred and 00 /100
<br />Dollars (U S. s 66,400.00 ). This debt is evidenced by Borrowers note dated the sane date as this Security Instrument ( "Note "), which
<br />pruvidcs for monthly payments with the full debt, if not paid earlier, due and payable on December 01, 2032 , This Security
<br />Instmment secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications;
<br />Ib) the payment of all other sums, with interest, advanced under paragraph 6 to prefect the security of this Security Instrument,, and (c) the
<br />performance of Bernrwer's covenants and agreements under this Security Instrument and the Note. For this purpose, Bonowcr does hereby
<br />mortgage, grant and convey to'frustee with power of sale, the following described property located in Ilall County
<br />The last 1, Ice (5) feet of Lot Three (3), and all of Lot Two (2) in Block One (1), First Artistic Home Addition to the City
<br />of Grand Island, Hall County, Nebraska.
<br />which has the address of 216 W Phoenix Grand island
<br />I,siwn Icoyl
<br />NE 68801 ( "Property Address");
<br />I Score I liip Creel
<br />TOGETHER WITH all the improvements now or hereafter erected on the Property, and all cnorie nts, rights. appurtenar¢es. rents.
<br />royalties, mineral, oil and gas rights and profits. water rights and stock and all fixtures now orhereaftei a part of the Property- All replacements
<br />and additions shall also be covered by this Security Insuument. All of the foregoing is referred to in this Security Instrri 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 encunlbsinces of reconl. Borrower warrants and will defend generally
<br />the title to the Property against all throes and demands, subject to any encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and nonuniform covenants with limited variations by
<br />jurisdiction to constitute a uniform security instrument covering real property.
<br />Bonowcr and Lender covenant and agree as follows-
<br />UNIFORM COVENANTS.
<br />1. Payment of Principal, Interest and late Charge. Bonny, -er 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, i sum for (a) taxes and special assessments levied or to be levied eganotthc
<br />Property, (b) leasehold payments no 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 Developurent( "Secretary "), or in arty year in
<br />which such premium would have been required if Lender still held the Security Instrument, each monthly payment shall also include either: (i) a
<br />m for the annual mortgage insurance premium to be paid by Lender in the Secretary, or (ii) a monthly charge instead of a mortgage insurance
<br />premium if this Security Instrument is held by the Secrearry, in a reasonable amount to be determined by the Secretary. Except for the monthly
<br />charge by the Seaemry. these items are called "Escrow hems' and the rums paid to Lender are called "Escrow Funds."
<br />1 101 CV 188101, I111l`im pa,I c5
<br />G0T0hXdY3a,2o
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