200214626 - Laserfiche WebLink

Browse

` R� D w 2 p 9 r) to m SII ! PE.RECARD�i a �� n ° m - 20021462E `° r N 200211975 DEED OF TRUST L] y � V �„ ;g 0 THIS DEED OF TRUST is made this 28th day of October 2002 among the Trustor, Randy L. Gard and Vicki Jean Gard, as husband and wife (herein 'Borrower ") UNITED NEBRASKA BANK (herein "Trustee'), and the Beneficiary, United Nebraska Bank a corporation organized and existing under the laws of A United States Corporation whose address is 700 North Webb Road Grand Island NE 68803 (herein "Lender'). Borrower, in consideration of the indebtedness herein rocited and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County of Hall , State of Nebraska: Lot Seven (7), in Block One (1), Ponderosa Lake Estates Fourth Subdivision, an Addition to the City of Grand Island, Hall County, Nebraska. which has the address of 320 Ponderosa Drive Grand Island , 68803 sueed [City] Nebraska (herein "1(roperty Address "); Izlp Code TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances and rents (subject however to the rights and authorities given herein to Lender in collect and apply such rents), all of which shall be deemed to be and remain a part of the property covered by this Deed of Trust; and all of the foregoing, together with said property (or the leasehold estate if this Deed of Trust is on a leasehold) are hereinafter referred to as the "Property'; TO SECURE to Lender the repayment of the indebtedness evidenced by Boaower's note dated October 28th 2002 and extensions and renewals thereof (herein "Note "), in the principal sum of U.S. $ 66.300.00, with interest thereon, providing for monthly installments of principal and interest, with the balance of the indebtedness, if Dot sooner paid, due and payable on November 1, 2032 ; the payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and agreements of Borrower herein contained. Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property, and that the Property is unencumbered, except for encumbrances of record. Borrower covenants that Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to encumbrances of record. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal and Interest Borrower shall promptly pay when due the principal and interest indebtedness evidenced by the Note and late charges as provided in the Note. 2. Funds for Taxes and Insurance. Subject to applicable law or a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments of principal and interest are payable under the Note, until the Note is paid in full, a sum (herein 'Funds ") equal to one - twelfth of the yearly taxes and assessments (including condominium and planned unit development assessments, if any) which may attain priority over this Deed of Trust, and ground rents on the Property, if any, plus one - twelfth of yearly premium installments for hazard insurance, plus one - twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof. Borrower shall not be obligated to make such payments of Funds to Lender to the extent that Borrower makes such payments to the holder of a prior mortgage or deed of trust if such holder is an institutional lender. NEBRASKA- seco;mmnw:,c- 1 /80- FNMA/FHLMC UNIFORM INSTRUMENT Form 3828 4572 CV 15/01) 611979 pope 1 04