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Y. <br />a <br />1 <br />Sits— Abu.. This Line for2ec.. o., Donal <br />DEED OF TRUST 321- 2236416 <br />THIS DEED OF TRUST (" Security instrument ")is made on December 9th 20112 <br />The vastor is William K. Morgan and Cherie E. Morgan as husband and wife <br />(' Bornewer ). The trustee is <br />( "Tmslee'). 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 ( "Lander') Borrower owes <br />Ladder the principal sum of Ninety Thousand Two Hundred Fifty and 00 /100 <br />Dollars (U.S. S 90250.00 r This debts evidenced by Borrowers note dated the same date as this Security Instrument ( "Note'), which <br />provides for roundly payments with the full debt it not paid earlier, due and payable an January 01, 2033 _ This Securty <br />Instrument secures to Lendee (a) the repayment of the debt evuleread by the Note, with interest and all renewals. extensions and modifications; <br />(h) the payment of all other sums, with interest, advanced under paragraph 6 to protect the security of this Security Instrument: and (a) the <br />peHornance of Borrowers covenants and agreements under this Security Inswment and the Note_ For this purpose, Borrower does hereby <br />mortgage, grant and convey to Trustee with poser or side, the following described property located in Hall County. <br />Lot Five (5), Meadow Lane Subdivision, City of Grand Island, Hall County, Nebraska. <br />Which has the address of 3412 Primrose Dr Grand Island <br />Isa -1 Itiryl <br />NE 68801 ('Property Address'); <br />I s'i.nc I IxrP (..r =1 <br />TOGETHER WITH all the improvements now or hereaf ter erected on the Property, and all easements, rights, appurtenances, renty <br />my. Wes, isomers], oil and gas rights and profits, water rights and stock and all fixtures now or hereafter a pan of the Property_ All replacements <br />and additions shall also be covered by this Security Instument. All of the foregoing is referred m in this Security Instrument as the "Property ". <br />BORROWER COVENANTS that Borrower is lawfully seiied of the estate hereby conveyed and has the right to mortgage, grunt 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 dennands, subject to any encumbrances of record. <br />THIS SECURITY INSTRUMENT combines uniform covenants far national use and non- uniform covenants with limited variations by <br />jurisdiction to constitute a uniform security 'mstru ment covering real pa operty <br />Borrower and Lender covenant and agree as Iorl lows: <br />UNIFORM COVENANTS. <br />L Payumt d Prhdpal, l»'aY and Late Charge. Borrower shall pay when due the pispapal of, and interest on_ the debt is dented <br />by the Note and late charges due under the Note <br />2 Monthly payer. of Taxes, IUSisano% and Other Charges Borrower shall inaudc in each monthly pay uncut together with the <br />principal aid interest as set forth in the Note and any Ire charge, sum nor (a) taxes and special assessments levied or to be levied against the <br />Property, (b) leasehold payments or ground e nts on are Prope ty. add (c) premiums be in,su axe reyt lied under Parugn, h 4. In any ycur 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 would have been squired if Ferrer still held the Scnuiry Insrumcm. each monthly pay merit shall also include erthci u1u <br />sum for the annual mortgage insurance premium to be paid by Isndcr to the ScoretaD. or (it) a monthly charge instead of a mortgage msuancv <br />premium if this Security la t- r r ran is held by the Secretary. In d e, sortable moot r t to be determined by the Se vary. Except lox are n onthl) <br />charge by the Senemry, these Items are called "Escrow Items" and the soars paid to Lender are called "Escrow Funds." <br />1101(vrsNp I@l'YI Puac I ors <br />n <br />n <br />rn <br />m <br />to <br />-i <br />c D <br />=> <br />X <br />VN. <br />N <br />Q. <br />on O <br />on <br />G7 <br />0 <br />no <br />r h <br />w <br />en <br />N <br />iti <br />Ul <br />N <br />Sits— Abu.. This Line for2ec.. o., Donal <br />DEED OF TRUST 321- 2236416 <br />THIS DEED OF TRUST (" Security instrument ")is made on December 9th 20112 <br />The vastor is William K. Morgan and Cherie E. Morgan as husband and wife <br />(' Bornewer ). The trustee is <br />( "Tmslee'). 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 ( "Lander') Borrower owes <br />Ladder the principal sum of Ninety Thousand Two Hundred Fifty and 00 /100 <br />Dollars (U.S. S 90250.00 r This debts evidenced by Borrowers note dated the same date as this Security Instrument ( "Note'), which <br />provides for roundly payments with the full debt it not paid earlier, due and payable an January 01, 2033 _ This Securty <br />Instrument secures to Lendee (a) the repayment of the debt evuleread by the Note, with interest and all renewals. extensions and modifications; <br />(h) the payment of all other sums, with interest, advanced under paragraph 6 to protect the security of this Security Instrument: and (a) the <br />peHornance of Borrowers covenants and agreements under this Security Inswment and the Note_ For this purpose, Borrower does hereby <br />mortgage, grant and convey to Trustee with poser or side, the following described property located in Hall County. <br />Lot Five (5), Meadow Lane Subdivision, City of Grand Island, Hall County, Nebraska. <br />Which has the address of 3412 Primrose Dr Grand Island <br />Isa -1 Itiryl <br />NE 68801 ('Property Address'); <br />I s'i.nc I IxrP (..r =1 <br />TOGETHER WITH all the improvements now or hereaf ter erected on the Property, and all easements, rights, appurtenances, renty <br />my. Wes, isomers], oil and gas rights and profits, water rights and stock and all fixtures now or hereafter a pan of the Property_ All replacements <br />and additions shall also be covered by this Security Instument. All of the foregoing is referred m in this Security Instrument as the "Property ". <br />BORROWER COVENANTS that Borrower is lawfully seiied of the estate hereby conveyed and has the right to mortgage, grunt 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 dennands, subject to any encumbrances of record. <br />THIS SECURITY INSTRUMENT combines uniform covenants far national use and non- uniform covenants with limited variations by <br />jurisdiction to constitute a uniform security 'mstru ment covering real pa operty <br />Borrower and Lender covenant and agree as Iorl lows: <br />UNIFORM COVENANTS. <br />L Payumt d Prhdpal, l»'aY and Late Charge. Borrower shall pay when due the pispapal of, and interest on_ the debt is dented <br />by the Note and late charges due under the Note <br />2 Monthly payer. of Taxes, IUSisano% and Other Charges Borrower shall inaudc in each monthly pay uncut together with the <br />principal aid interest as set forth in the Note and any Ire charge, sum nor (a) taxes and special assessments levied or to be levied against the <br />Property, (b) leasehold payments or ground e nts on are Prope ty. add (c) premiums be in,su axe reyt lied under Parugn, h 4. In any ycur 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 would have been squired if Ferrer still held the Scnuiry Insrumcm. each monthly pay merit shall also include erthci u1u <br />sum for the annual mortgage insurance premium to be paid by Isndcr to the ScoretaD. or (it) a monthly charge instead of a mortgage msuancv <br />premium if this Security la t- r r ran is held by the Secretary. In d e, sortable moot r t to be determined by the Se vary. Except lox are n onthl) <br />charge by the Senemry, these Items are called "Escrow Items" and the soars paid to Lender are called "Escrow Funds." <br />1101(vrsNp I@l'YI Puac I ors <br />