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<br />DEED OF TRUST
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<br />88-101730
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<br />19
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<br />THIS DEED OF TRUST ("Security Instrument") is made on this 1 s t day 01 Apri 1
<br />88 Rlchard W Rlnne and Donna L. Rinne. Husband and wife
<br />, Tha trustor is' .'
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<br />taro-owerj, Tha lrustee is Commarcial Faderal Savings and Loan AssoCiation.. '
<br />("Trustee1. The beneficiary is Commercial Federal Savings and loan Association, which is Ofganizad and axisting under the laws of Nebraska. and wOOse address is 4460 Farnam. Omaha;' -
<br />Nebraska 68131("Leoderj, Bon"oMlrowes Len<rer the principal sum 01 Seven Thousand Six Hundred Seventy One doll a rs and 00!1090~ais;'
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<br />(U.5. S 7671.00- --- ----). ThIs debt is evidenced ~ 8oITower's note dalad the same date as Ihis Security Instrumenl ("Note), which provides lor monthly payments; with the
<br />April 10,1991
<br />iuD debt. if not paid earlier. due and ~ on .
<br />This Security lnslrumen1 secunt5 to L&llder: (a) the repayment 01 the debt evidenced by the Nota, with Interest, and all reneW3.1s, exlensions and modifications: (b) the payment of all other
<br />sums, with inten!st. adItanced under paragJaph 7 to proted the secwity of this Security lnstrumenl: and IC) the performance 01 Borrower's CQvenanls and agreements. Fw this pUlp()Se,
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<br />~ iml1IocabIy grants and c::Qf1VeY$ to Trustee, in trust, wit'! power 01 sale. tile lollowing described property Iocalad in H i111 County, Nebl"lilska:
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<br />Lot 21. Block 3. Colonial Estates, Second Subdivision to the city of Grand Island,
<br />Hall County. ~IE
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<br />whicfl. has \h(; address or
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<br />2915 !~" 10th
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<br />G.'and Island
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<br />(St i'el)
<br />(-1'rope<1y ~~1;
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<br />(City)
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<br />Nebraska
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<br />68803
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<br />TOOETHER WiII1 allhe ~ ~ C! her<'..afte; erect9d on the property, and all easements, rights. awunenanoos. rents, royalties, milleral, 011 and gas rights and profits. watel
<br />rights and sloc:k and alllilrtules now or heleafter a part 01 the propeny, All replacements and addibDns shaD also 00 ~ by this Security Instrument AU 01 the lQ!e9Oing is relerred to in
<br />this Security Instrumenl as ttl8 "Property,.
<br />BORROWER COVENANTS 1haI Bonower is lawfully seised 01 the estata t>erobr COIt\'e)-ed and has the right 10 grant and COO\-ey the Properly and Ihat lhe Property is ullencumbered.
<br />exoept for encumbrances of record. Elon'ower warrants and will delend ~ the title to the Properly against all Claims and demands. sultjeclto any encumblanoos 01 record,
<br />THIS SECURITY INSTRUMENT OOi-nllineS tniform oovenants lor nafoOOal usa and 0C)lHJ1l1lorm CO\oenants w~h limned variations by jurisdictiOn to const,Me a undorm security instrument
<br />lXNWing rNI property.
<br />UNIFORM COVENANTS. ~ and LendIt covenant and agree as follows,
<br />1. ~ at ~ .cI.......: f"Iwpewll...I and lalli Chargn. ~ shOll plOmptly pay ....'Ilen Que lhe principal 01 and interest on the debt e\idenced by ths NCI9 and any
<br />prepaymoJnI hi !lie charget due under ttl8 Noce.
<br />2. ~ lot 1UM .... ~ Subject to applicable '- Of 10 a Wfilten walV&r by Lender, Bon-ower shan pay 10 lendel on the day monthly paymenl's are d~e ullder Ihe NOl!!, unltl
<br />ttl8 Note is pM! in fuI, a s:um ("Funds1 equal 10 one-tMtfth 01: (e) )~lll1y wes and assessments which may attain priomy CMtr this Security Instrument; (b) yearly leasehold payments or
<br />ground nnb on thto Propefty. it any; (e) yearly hazard insurance premiums; and (OJ yearly ~age insurance premiums, if any, These l1ems ale called "escrow items,' Lender may estimate
<br />ttl8 Fundi due on lhe __ of aJrr-ri data and rea5Ol\IIbleI tlStil'na1es of fu1ure escrow llllms
<br />The FwldIIhII be held in an instiIuIion the deposQ or aocounts of ~ are insured or 'guaranleed by a Ied&raI or state agency (inc,juding Lender if Lender is such an institution). Ltllldel
<br />5hIIII ~ lhe F\nis 10 ~ lhe 8Sa'CM' il8ms. Lender tnIIY nQl charge fof hokJlng and applying the Funds, analyzing the acoouIll Of \'e<lfy\ng the escrow items, un.less Lender pays BorrowoI
<br />ntelwt 0Il1!le Funds and applicIble law pemlits Lender 10 malr.1! such a d\arge. 8oIrowM and Lender may &grIltI in writing thaI interest shall be paid on the Funds. Unless an agreement is
<br />mZIdlt or ~ '- ~ ~ 10 be paid. l.encl.r 1ibIlII naI be ~iIed 10 pay Borrower any ;nterest Of earnings cn the Funds, Lender shan give 10 Bormwer. \'oi!l1out charge, an
<br />annuIIllOCOUIJIing GIllie FI..nds Ihowlng credits and dIbitt 10 the n..'IllIs and U1e pur,:lOSe tor whiCh eadl dflblllo the Funds \\U made. The Funds are pledgl!d as addilional SllC\lrity fOf the
<br />sums secured by this Security InIWment.
<br />fllhe 8InllOOI of tIw fc.Inds held by Lender,lOgethef 'Iritfllhe fu1In lI'".onthIy p.IIymeffis of Funds payable f'rior to IhIl due dates of the escrow items. shan exceed Ih& amount !8qui~ 10 pay
<br />tIw escrOlII' i!ei1'tS MIen U, lhe excess shaI bIl, at ~'s optioo, either ~ repaid 10 ~ Of credlled 10 Bonower on monthly paymenls of Funds II the amounl ollha Funds
<br />held by lendIlr is no4 suIficierC to pay the escrow i!em$.men due, eon-o-- shan pay 10 Lendef any amount neoessary to make up lhe defICiency in one Of more payments as !8quired by
<br />Lender.
<br />Upon ~ in CuI of at s:ums secured by \:his Security Instrument. Lender shel prorllltly",fund 10 eono-r any Funds held by Lenclef. " under para\lraph 19 the Property is sold 01
<br />~ ~ Lender. Lender "'1ppIy. no I5ter 1han ~ prior 10 IhIl sa1\! 01 the PropIlrty or its aoquisition t-y Lender, any Funds held by Lender al the lime of application as a credit
<br />~ tIw awns MC:Ind ~!his s.turity ~~
<br />3. ""-Hi"an at ~... UnIlI$:s applicable taw provides Olhe!wisIl, an paymenl$ received by Lender undar paragraphs 1 ancl2 Shall be applied, IlIsl. to Iale charges due under Ihe
<br />NoIIl; -=:and to ~1I d'IIJg\ls due oodIlr the NoI.e; third, 10 amounts payable unc:lef paragriilph 2; fourth, 10 ,",ereS! due; ancllast, 10 pnncipal due.
<br />4. aw.-: u... aorn-r shall pay a11IaX6, BSS\l$Sln&nts, charg&$, fines lInd ;q:.osftions attnbutable 10 \he Pl'ti99f1y which may altain pnonty over this Security Instrument. aoo
<br />INMhoId II")'Il*1ts Of grounCI rents. iI any. ~ shall pay the5\! obl9ations in lhe manner pnMded in paragraph 2, Of d not paid in thl!t manner, Borrower shall pay Ihem on lime directly
<br />10 !he P\lBClII owed ~, Borrower sNlI prornptIy furnish \0 Lender aD nolioes 01 amounts 10 be paid UI"lOer this paragraph, 11 Borrower makes these paymellts directly, Borrower shall
<br />IllOII1PtIY furnish 10 Lender .... e-Mencing lhIl payments.
<br />~ shaI ptOI1'Iplty disdIatge any IiIIn which has ~ over this Security In5lrumenl unless 8on'ower. (a) agrees on wr.ting to the pll)'l1l81l1 01 lhe obli9aliOn SlIC\lred by lhe hen in a
<br />......... aooepl.oIe 10 Lender; (b) ClOIllllsts in good faith till! lien by, Of dIllllOCls 91nst enloroelTl9f\l 01 the hen on. legal proceedings which in the Lender's DptnlOO operate 10 P<<Jl'eot the
<br />enfor~m.ut oIlhe ... or Iol1Mure of any PMt oIlhe Propefty; Of (c) SIlOUl'eS from lhe hoider 01 the !;ell an agreement satiSTactory to Lenelei' subordinating the toen 10 this Secunty Instrument
<br />If Lender <M....,;,oes thai any pan oIlhe f>ropI!rly is SI.tljec:t 10 a lien which may allan priority over this Security Instn>menl, Lender may gl\Pe Borrower. notioe ldelltilying the lien ' Borrower
<br />thIiI satisfy the...... or lMlI one or _ of ~ aclions set Iofth iIIbo..e wilhin 10 days of till! giving 01 notioe.
<br />5. "--"I ~ ~ shd keep \he impnwemenls IlQIII e.-isting or IMnaIler erwc1ed on tIre Propeny insured aga;nst loss by Tire, hazards included wrlhin the lerm .e_tended
<br />~" and 8Ily oItw hNards lot vwhich lIlOlhr NqUires insufance. Thi$ insufanoe shall be maintained in till! alnOlJllts and 101' the periods t!\al LendlK requires The illsulance carrrer
<br />pIVlIiding lhe insurance shall be cIlos<<l ~ ~ Slbject 10 lender's ~ MUch shan not be unre\lSOOllb1y wilhI1eId.
<br />AI nur.ra poCiciM and ~ shaI be KCIF,Aable 10 Lender and shall include a standard mo!1gagt clause. Lender" shall haw the right to hold the policies and !en&wals. II Lender
<br />~. eor-- sn.a promptly give 10 Lender .. rtICeipts of pMl pI8ITIiums and ~wa1 notices~ In the 8\'9I1l 01 loss, Borrower shall give prompt notic:e 10 the i"suranee carner and Leooer,
<br />lerlder ~ "** proof 01 10M if no4lMde ~ by Barr.--
<br />UnIea lendIw and aorn-lllhenMM agree in Mlting, insurance proceed! shall be applied 10 feSl0f8tiOn or f8P8ir ollhe Propelty dameged, if Ihe restoralion Of repair is economically
<br />,.... and lender's securily is naI --.., " IhIl rI!S\oration or IepBJr IS not economically feasible or LendeJ's secunl)' would blI klssenad. lhe .nsurance proceeds shall be appllad 10 tile
<br />sums ~ by ~ Sewrity InstrumIlnt, MIelher Of no4 then due, with any ."cess pIlid 10 Borrowsr, 11 Bonower abandons the Property, or does not answer within 30 days a notioe lrom
<br />Lendef 1Nl tile insurMce C8II'ier hM oIIlII'Id to SMtIe a cIMn. tile Lender may cnlIllct the insufance proolIIlds. lender may use the proceeds 10 repair or reslOl'll the Property Of to pay sums
<br />MaIIWd by lhiI Sec:ldy ~ .... or not 1heo due, The:>>-day periOd will begin when lhe notice is giwn
<br />Ur-.. LendIr and aorn- ofwwiIe IgIW in wnling, any fClPlication 01 prooeeds 10 prinCipal shan :lOt .ldend or postpOne lhe dull dall! 01 the monthly paymenls rell!rred 10 In paragraphs
<br />1 and 2 Of ~.. -.It of t1w~. "oodIlr ~ 19lt1~ Proporty is aoquirwd by Lender, Borrov.er's right to any insurance policies and proceeds resuhing Irom damage to
<br />IN PropetIy prior 10 IN eoQUiIiIion lflii PMlIo lendIlr to the el<1enl of lhe SUITtS secured by \his Security Instrument immedialely pOol' 10 tM acqUiSllion,
<br />.. ...... JJ1.n..w...A.__at.........; I nlltoldL Borr~sha.not destroy,damageor subslantiallyctlange the PropGfty, allow the Property!o det&riofate Or commil waste,
<br />IIlhis Seeu:ily InMn--.t is OIlleMehokl, 8orroiIler shall ~ with the provisjons 0( the lease, and d 8orrowef aoquintS fee IIl1I! to the Property, the lear.ehOld and lee tiUe shall not merge
<br />tneM ....... ..,..10 lhe rnetgef in \lIIrilinQ,
<br />7. ... Willu at l.endIr'l ........ In.,. Property: Mortgage 1nsur8nce. << Borrowar lads 10 per10rm till! covenants and agrooments coo'alMCI ill this Security ln$lrument. or there,s a
<br />~ pftlCe.clng ChIlI !Nf 5ignilicanlly affecl Lendet's rights in the Propefty (such as a proceOOing in bankruptcy, probate, lor condemnalion or lOenlorce laws or regulatlonsl, then Lender
<br />~ do and PIIW lor --- is n<<essary 10 plOl\l(:t the wIue 01 the Property and Lender's nghls in the Ploperty, lender':; actions fT\lIY Include paying any sums secured by a lien \'ohfeh has
<br />priority _lhia Sean, 1nIINmIlnt, ~ in COUlL paying n1uonab1e allomeys' lees aM entering on the P!tlpefty to make repalf$, Although Leooel may taka action under thlS paragraph
<br />1, a..ndIr dOlI not twoIe to do 10"
<br />Ntr 8Il'IlUIllI dietu.ed by L..... under this PW~1IVl 7 sNIt beoome additional de\Jl 01 Borrower secured by lI\is Secunty Instrument. Unless Borrower and Leooer agree 10 othg! terms
<br />01 ~ -- ~ shall bur inWett from !he date 01 disbufMmenl al the Note rate and shall be payable, with 'nteresl. upon nohce horn Lender to Borrower requesting payment.
<br />If lAndIt llIqI.w.d mong.g. ~ .. I condlbon 01 making thIlloan secured by this Security Instrumenl. Borrower sllall pay the premiums reqUlr&d 10 maintain lhl! insurance in elleel
<br />L, unIoI.. 1Udl.. """ .. ~~ lor the inIIM'anoe \em'linatn IIlllCalfdance with ~rowef'5 and L&nder's written agreement 01 applICable law,
<br />' J I ~, Of its .... I1W!Y mM. ~ entrin upon and inspections 01 the Properly, Lender shaH give Bon~r nolJCe at the time 01 Of pnor 10 an ,"spectlon Specdyino
<br />' _grw.. c.u.e lor !he inepecIion.
<br />... c:.. t I11III.. ll'le prDCOIIds 01 any ~ or c&.m lot dan\egM, dired Of cOoseqoential, in connection WIth any rondemnaloOn or other laking 01 any part 01 the Prop.lrly, or lor
<br />~ in lieu of~, _ ~ auigMd IV'd "'-U be pM! to Lender
<br />, In" - 01, alCleallaklr>Q 01 !he PJopen" !he ~ .,.... be ~ 10 the SU~ MCuffId by Ihls Secunty Instrument. whether 0' ""lthen due, ",th any e.cess paid to Borm_r In
<br />the -'l of .. PIi'hIII taU-og 01 u.. Prope<!y, ~. 80n_ and L...... llII>e<wiM 89''' ill wrl1ing, th6 sums secured by Ih'S Secunly InslrUmllnl shall be feQuced by the amoullt ollhe
<br />proc....11'iUIliCllied by '*1oIIowlng Tr.-c11OO lei It-. 101" alTVl',ont oIlh41 turnl ~lId "'I\'Tled'lIlety belol.lhe tab'll, d...1ded by ("tohe la" marl<et '1Ilue ot the Prope<ly lInmed,ately befol1!
<br />!he tMing My bIIWce IhaII be I*d ., eo..u-
<br />"!tot Pr~ 1II ~ by 8or1~ ()I " all.. n(>lU Oy l.r\de. 10 Boor~lth.llhe coodtomoor 0"1..1 to 1T'1I~e an lIW1U(I or seu~ " cta,", '01 dllmages Borrower 'lI,ls 10 resp(>1ld to
<br />l..,.. oIfIIIw\ 30 dayt after the u... lh4I /\()\lCf .. ~, l....,.. .\ '\Jltv;w'flld \0 co!le<;, and apply t~ P'OCeeds, at ,ts ophon e,ther!o rllS10la.hon O. ',!Pa,r ollhe Property or to II.ft sums
<br />MC\Hd by INs ~ ""tNrnenI ......~ 01 /\()\ 11"_ ,,...
<br />~ leilOtr IOd Botl~ ~""M llO'ih1't *'1tIrvJ *,l) lPI~al"", ~ 1\10("'" 10 prll'lC",.1 Wll not .-ltofld cr postpone Ihe d~e ""te 01 Ill., ''''~llhly I'aymenls rolerN"J 10 ,n paragraphs
<br />I ar<l :1 ()t ~ II-.. IItI'\Outll 0I1u<;t\ P8).....
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<br />IN,~ '!D-Nf 1~'1":"1
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