|
<br />DEED OF TRUST
<br />
<br />88- 104760
<br />
<br />Tl'CJSOEEOOFTAUSTI'_'",""menl''''mad.onlh~ 25th ,",, Au~ust
<br />\9~ Tho""'''"" Jack E. Stolle and Mary Stolle- husband and wife
<br />
<br />(~BortoM!n The truslee II Coml1l8fCH11 Fedl!tral Savings and Loan Associcllon,
<br />("TiuItN1 n. ~ lS eomrn.rdaI Fec\efaI s.vings ancllDan Auociation. which tl organized and eXIsting under lhe laws 01 NebraSka. and whOle address is <<60 Farnam. Omaha. ,
<br />
<br />_"'3',''''-' ___....-""'pnnopaJ..mol Twenty thousand nine hundred forty one dollars and No!1!1Q,"anI..-.
<br />
<br />IU S S 20 t 941 .00 I. ThIS Mbt IS evlderad by eon-ov-', note C!attd the sarr'll!l dale as 1m Secunty Instrument (~Nolel. which provides for monthly paymenlJ. with the:
<br />
<br />"'-"""'__._ond_on AUQust 30. 1995 ...:.
<br />ThIs Secunty tns:rument ~ to Lender' (alUM rttpayment 01 the deb! evidenced by the Nale. wlttl-nlentsl, and aR renewals. IIxtensiOns and modifICations: (b) the payment 01 all ather ....
<br />IUT1L WlIh.......... ~ ~ paragraph 7 to prefect tM MCUOty of this Secunly Inslru/Ml'll; and eel the J>>rlormance 01 Borrower's CCMlnants and agreements. For this purpose. ~-
<br />
<br />BorrtMer IIThOClItlty grW1ts and CCIfMJYS 1.0 Trualee. n trust. WItt! power 01 sale, the followtng delCtlbed property located In Ha 11 County, Nebraska:
<br />
<br />Lot Five (5) in Block Two (2) in Le Heights Second Subdivison bein~ a part of the
<br />
<br />Northwes t Quarter of the Northwes t Quarter (NW1/4 Nl~ 1/4) of Secti on El even (11) Townshi p
<br />
<br />Eleven (11) North, Range Ten (10) \~est of the 6th P,I.1., Hall County, Nebraska,
<br />
<br />wtuCtll'I&Stnead.:SfttaSal
<br />
<br />2312 Gateway Ave
<br />
<br />Grand Isl and
<br />
<br />.......... f;RRnl
<br />
<br />ISlreell
<br />rpropeny Address-)
<br />
<br />ICllyl
<br />
<br />TOGETHER WIIn a!I the unprtYII'lIl'Nl now or hereafter erected on the property and all easemenlS flghlS. appunenahcas. rehlS, royanles. mlheral. 011 and gas hghtS and prolils. walel
<br />nghtlI and stock and all fimmrs now OJ hereahCtl' . pan ol the property All rwplacements and addlhons shall also be covered by thIS Secunty Instrument All 01 the IOregOlng IS relemtd to In
<br />rrus Socunty Instrunwm u me -Propmy -
<br />BORROWER COVENANTS thaI Borrower IS IawltJIty setSIKl of me estate I\entt'y conveyed aM haS the "9htlO granl and COrMty Ihe Property and thai the P'operty 15 unencumberecl
<br />IIXC8PI tor encumIJtanCeI at record Borrower warrarQ .xl WIN cJelend gellefalry the (Itle 10 tM Property agamst all ctlllffiS and demands, 5ubtecl to any encumbrances 01 record
<br />THIS SecURfT'f INSTRUMENT CDl'l'Ones unaorm COYel'1&Irt!llor nabonal use and non-unllorm covenants WI1tI hml\ed vananons by JunsdlCtlon to constItute a unilOflTl secunty Instrument
<br />---
<br />UNIFORM COVENANTS, ~ and Lender CDItMW1t and agree as follows
<br />,. ~ of ~ and.......: ~ and ~ awv-.. Borrowe, shall promptly pay when due the pnncipal 01 and Interest on the debt 8V1denced by lhe Note and any
<br />~ancllalec:nargesdueundlt'IheNolll
<br />2.. Funct. for ~ and ~ Sut:ltec:t 10 appIlcabIe law Of to a wnnen warvet by Lender. BorTower shall pay to Lender on the day monlhly payments are due under the Nole. unltl
<br />1M Note .. pa,d In tul. a .u11 ,-Funct81 eauallO ~rwertth 01 'at yNIt';' tau. and ....uments whICh may llltaln poonty over thta Secunly Instrument. (b) yearty leasehold payments or
<br />ground..ms on !he Property. II any.lcl yearty haZ..Ird maurance plW'JUums. and (d) yearly mortgage insurance pr.rmums, illlny TheHltems are called -escrow Items" Lende, may estImate
<br />_ Funcis due on thI bUd of CUI"t'*d 0llIa and reuonabIe esllmaIn of futuf8 nc:mw Items
<br />Tht Funlb Ihai be held 1M an InStltubon the depoeib or .x::ounb of whic:t1 .. U11UNd or QUllrAnlHd by a feMral or slaw ~ Ilnctudlog Lender Illendel 15 suet! an ln5lrluuonj Lande,
<br />sr\aII.... the FundI 10 ~ 1M ncrow 1IemI. ~ may no! ehargllor holding and appIytng thI Funds, anatyling tn. aa::oom or venfylng Ihe escrow I18ms. unless Lender pays Borrowe,
<br />II1teInt on tT1e FlJI1dI and IIppbl:Id:J6lt "'" P4IfltWII a..nder to maIle .uch a d1argtI Borrower and l.enoer mall' AQTH m wrrtmg tnat InlltlMot shall be pall2 on Ihe Funds Unle.. an ~t IS
<br />INd8 or ~ '-' ~ mtMM110 be pu:I, Lender snail nee De reQUJrI(t 10 ~ Bonow.r llny ,",ernl 01' ..rmngs on the Funds Lender shall gMll to BorTOMr. witl10lJI charge, an
<br />II'lflUaI ~ oIlhe Funds Ihowtng ~ and dItbltIlO tile Fundi and me purpose lor wt1ictI Nd1 detJI1lo the Funds IIIU madI The Funds llI1I P!edoed lIS acldltlOnal NCUnty for Ihe
<br />sumI 88CU'.ct by tl1Is Sea.t~ Instrwnent
<br />"1M amount or!l'w Funm held by l.8nI>>'. foge!'* lWIth the future monthly payments cl Fundi payaDIe PTlOf 10 IhII due da1" of 1h4t escrow It8mS, shllll exceed Ihtt amounl reqUlntd to pay
<br />_ ftO'OW llama when r:2ue. the excess 5haIl be, al ~., optIOn. ellher promptly fWP&/d to eorm-, or CflI4IIed 10 Borrower on monltlly p.JlyffienlS ot Funds lithe amounl 011her FundS
<br />held by Lendet 15 not aulfoenllC ~ the escrow "ems -men due 80rT0wer Shalt pay 10 Len6er any amount necessary to make up Ihe dehoency In one 0' mo", payments B!I reqUired by
<br />L..-
<br />Upon payment 1M lull of all sums securea by ml$ s.cumy InstrumPnT Lende1 Shall promPtly nrfund 10 Borrower an, Funds held by Lender II under paragraph 19 Ihe Property 15 &lId 01
<br />llCQUIItId by Lenc3er. Lender 1IhaIl~. no later man IrTlmedwalely poor 10 the saltt ol the Property 0' lIS ilCQul!Ullon OV Lender, any FundS held 0'1' Lender al lMe lime or applicatIOn B!I a Cf!Idl!
<br />~!hII... tMCUred by tha& SecunIy l~
<br />3. ~ eM' ~ UNns appbc8bIe la. provdn ~ all paymenIs re€>>1V8(l t1y Lendef under paragraphs 1 and 2 shall be applied 11151. 10 lale charges due under Ih~
<br />Nola. SKOnd. to ptIIpllyIMfll chan;JeS due> under lhe Nole, mord to amounts ~ under paragtaoh 2 lounh to Interest due. and lasl, '0 prinCIpal due
<br />4, ~: Uena. Borro..et shall pay all l&Ies. assessments ctwgeS, IlTln and ImDOSll101lS attnbutable 10 tne Property WhICh may .!taln pnonty over Ihls Secunty InSlrument. and
<br />leasehold pavments or grounCIl'8'ntS. II any Borrower shall pay theN olJIlQ&llQI"I!i In me manner provrOel:lln parag'lIpn 2 Of II nol paid In Ihat manner. Borrower Shall pay them on t.me dlrectty
<br />10 me ~ 0....0 payment Borrower ShaU promptly IUrTllsh to LenQer aU nollees 01 amounts 10 b!l palO uncle! mlS paragraph II Borrower malI.es these payments directly, Borrower !lhall
<br />prompUy fumIIh 10 l.enQer IWC8IpIJ 8WSenc:lng me payments
<br />Borrower !ihal1 prompIly dlSChllrge any hen WhICh hu prqIly ave! ml!l 5eoJnly InstnJmenl unl,"S Bonower lal agrtte!l In wntlng 10 me paymenl cllhe obligatIOn secured by the lIen In a
<br />manner ~ to Lander. (bl cnnIe51s III gooo IMh U. ben by. or o.tenas a,.amst enll;Jfeemenl O1lne hen In legal proceedingS wnlCh In lhe Lenl1e(s opInIOn operale 10 prevenllhe
<br />enton::ern.nt ollhe Ioen or ~ ol.any p&rt 01 the Property or Icl MaJres lrom the holder olll"l& ben an agrHmAnT sallSlllCU)r)110 LaMeI WbonJlnattng lhe lien 10 ThiS Securlly Inslrumenl
<br />II ~ ~ It\aI any part 01 the Pro.:lerty IS sutJteC! to a hen wtuch may analll pnonTy over In,s S8currty Instrumel\l, Lender may grve Borrower a notice rdentllyrnglhe hen Iklrrower
<br />snail Sll%lSfy1l'Ml ben Drtak.e one or more of the ~ Ml tonh lIbave ""Mill 10 days ollhe grvmg 01 nollCe
<br />5. Itaa1I ~ Borro.et S/'laIl ......P the Irf1)l'OVeffi8flltl now eXIStIng or hereaher erectea on me Propeny Insured agalnsl lOSS t'Jy IlIe. haZalds IncluCled W'i1hln the lerm "e.llenOBa
<br />~. ana any 0ItIW haZan2s tof .men Lender reqUIT1!S Insurance ThIS InSlJrance Shall l:le mCllnlAlne<:l In the amounts and lor the penods Ihat Lenosr reqUires The InSurance camel
<br />provOng the II"l$UfiInce 5t*' be chosen by Bormwer $UDteCI to LenOer Ii approval whIct1 Shall nOI De unreasonably wlthheK:l
<br />AU rMUTaf1C:a poloH ana ~ shllIIl:le ~ 10 l..erOer ana shall JnCIuOe 10 standard mortgage ct.ause Lenoer stWIl1_ lhe nghl10 hold the poIlCl85 and renewals II Lenolrr
<br />requq1i BcJno.. 5halI prtlmpIty """'" lO Lende! all ~;;II P&lCI Pf1"TUUTTl$ and ren&WaI ronces In the event olioS!! Borrower shall glVEl prompl nollco to Ihe lnsurante camer ano Lendel
<br />LAnder may m-. pl'OOI cllou II no! made promptly by ~
<br />Unlesa Lender and Borrower ~ lJ9l".n wrrtmg, Insurance proceeds shalt De applied 10 restoratron or repal! 01 the Property c1&maged. lllhe reslonllJon o. Fepall III economICally
<br />tNU:lllt ana ~'. MCUnty IS 1'lCII"""'" "rr. nrstorallon or repau IS nor econorTNCally lefilble 0' Le1lOer'S 5eCUnty wculCl be IeSNned. the Insurance proc:eeas shalll:le applied 10 Ihll
<br />sums ~ Dy tnlI 5ecuntr 1r\$lTUmenT. lIIrhfI,,* Of noI tnIIn due. with any excess palO to Borrower II 8onoweI abancJons me Property. or Ooes not ans_, lOIIthln 30 days a not,ce lrom
<br />~ Ifwl thI rnaur1ITIClI camer ha.Ii CJl'terwd To ..me a dun. [he Lenoer may coiled 11M msurance proceeds, Lent)er may UN me proceeds to repalr Of restore 1MII' Property 0' '0 pay Sums
<br />~ by ha Sea.6lfy ~ wherher or nof \'MrJ due. The J04ay penod will M91rl when the nobce 1$ gnoen
<br />Ur-.u. ~ ana ~ oIMnrnN IV" to..mrng. any ~ of prl)Cl!teOS to pnnc;Ip&I &hall no! eXlend or posl;Xlne!he due date cline monthlV payments n!llemtd 10 1M parag~ns
<br />1 and 2 Of d'1angII U. MQJr1! of 1he PllY"*1l5 t1 UTWr paragraph 19 1M Property IS ~ by Lender BorrD\fI81's ngtlt to any Insurance polICIes and proceeds resultIng from aamage 10
<br />Itlt' Prcp.rTy poor 10 !he ~ stWl pua 10 Lender to !he uten1 cl the 5UffiS SOCl.IftId b\I' thts Secunty InslnJmemlmmedlately poor to the acQUlst1.on
<br />.. ~... ~ of~; ~ 8orTOMtI ShAD not O8Slroy. damage or sub51amJally change me Property. allOw the Property 10 cletano,ate 0' commll wasle
<br />"11115 Sec:urtty Irstrurner.! I. on~. 8cJrrowrM. shall compty ""lth the pI'OVlSIOtIS 01 me lease, and II ~ IICQUlfeli lee tItle 10 the Property, II1e leasehoh.l and fee mle snail nOI mtI'tle
<br />""""'~~IO~~IMWfIW1g
<br />1. ~ 011 ~a A6ghta 6ft U. Praperty; ~ anaur.nca. II Borrower lalls 10 pel10rm me covenants and agreemems romamed In U1IS Secvnly InSln..rment or Ihere Hi a
<br />~ ~ tna1 may SlQnl\canll)' .l'Ied Lenoers ..ghls. It! ttwI PIoperty fsvcn as a prtlCMQrng ,n oanlmlPlCy. orooate. tor conOSmnabon or to enforce laws or legulallOnSL lhen LPrnlI!"
<br />~ IXJ WI:l pay lor ~ 1$ n<<:essary 10 pro1ecl11l& ..r.lluB ol the Property ana Lender 5 nghlS In ItIe Prope~ Lender's acIIOns may Include paVIng any sums secure!! by a hen Whlth hIlS
<br />:rnonry OVMlTa 'iecunty lnslnunent, ~ '" court paymg reasonable anorneys leel and emenng on me Propert.,.IO make repairs. AlThough Lender may lake actIOn under thiS paragraph
<br />1 l.-rmr ac.s 0l'.lC ~ 10 00 10
<br />My IAf1'IOUl"ItS ~ Of ~ uno... thiS palAQ'iItl4' 1 Shaft become addltJQnlll oetII 01 Bonowe, ~ureo by lh.S Secvnly InSln..rmenl Un~s" Bonowe-r and Ler\Oer agree 10 athe! lerfTll
<br />0I~, ~ amounts Sf\aI tlear If1iel'8S! lrom tht!! dale 01 dJstIutwment ailhe' Note rille ana ULaJl be payaDle_ ""lth .nlll1'lt5t upotl nohce l,om Lende!ll to Borrowe. r1l'QUIISlll'log ~8nl
<br />"~~ ~ ~ _ a a)f'Idlbon 01 making 1he loan ucur.a by thIS Securfly InsllUment Borrower sh.all pay the premIums, reaulreCllu malnlaln lhll ,nsurante In eNee!
<br />unlf -..ctI lIme..the ~ lot Ill"e ~ ~"'Ill ~..-ntI Bormwers 0111(1 LenOII1' s wnnltn IIg,_menl or appllCat)l., la.-.
<br />I ~ ~ Of...,. may make reast:lfWbie.....-.s UOOIl and mapec;bons. olme Propetty Lenl3er shall g""" Bonowe' nollCe 81 th611me 01 01 plIO' lo.an .nllPQctlOn SOtttfty.ng
<br />,......... taIM lor hi- ~
<br />t, ~ n. ~ at an,.....a Of CIM1'Ilor ~_ ttItK:I 01 conl.eQu8f1tlal .n tOTloec'llOfl...l1f1 an" COt\Oemnahon ()i :lITle. talunl;j ot an~ pan o!!he Prooerty or lor
<br />~"'~dcz:n:Jltmnalon _ner1Iby~ana5t1AllDepaJOtoL.8nOeI
<br />Inh.-'ll 01 a IOta talunQaI a-. Property, tne~sr..uDeappbedtolhf!osums 5eICUteO b., r!l.s s.cu"l~ InSll'Umenr ",,"-fT'>II. ,)l "01 Tnt!" c1~ ..'I" A"~ (I,tltS!; pllOIO Bo~, 'n
<br />!!'W .-1l 01 . PM1lAl1M.-.g 01 the' Propr,n, ~$ eorro-t ana ~, Ol"'~ lIt9'- ,n ,"fI.ng T.... "...ms !>tlCl.I1'fIIIO 0\ ....,. Sftcurlt. In!llllJmel1t ~nal; tle 'Jl1]uc:tta tl. ~ nmounT ,~. I"'''
<br />~. ~ Dy .. ~ tl'K:lIO/1 1.1 n,. total arno<;nt 01 ttw wm. .-cufeC "r"T1edl.I~\ llot'!ort! f>W la.,"O .1'~"'PfJ:'\ f' ...... 'a" "'1I.~..1 .'ll'''''' ,~, In" P'(JPP'h ,,,,...ItQ,..I"I~ boot,,,.
<br />rr..~ A.ny~INo'DeoacJID8on'~
<br />""'-~,. ~D)lec:.r~ 01" "n. not~ t1y L8'Fl()ef 1Il~ tf1&IltIfI ~m....... ~...~ t. ~.iI~" .'- .....'e ~ ..."..... Ill'''''N nll.....~..fo r\t,,.,,_, '",I!> I.." """Pl-.....' .,'
<br />L...... -... l(I~. an. rr-,.. 11a'l. n-. -.ot>oII 1$ "'..... Lft"dIo' '. atJI1lO1lJ'el(IIO cotl8d.nO I.ppf, If.. t~ _h .' .~ ""~" ...1......, ...~l,"dt'<...' "_~,.... " ..,.. .."_'1'...., "I,' r..,.. ~".....~
<br />-.....-.or.,"...~""".,.....~~;,"'OI~O....
<br />...-.. -....,... ......,~""'-..-W- "....~........., ~1..r..)I~stc,..onop.-~.,... .~_.....,..... .....1...... .~... '." 1,,1.. ,."... .~,...,. .'"......."~ ..'........,
<br />, ..,.c . . '....."..,. .... -......... .." -.... ::>ot:.--ota
<br />
|