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<br />DEED OF TRUST
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<br />88- 1059B1
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<br />rt11S DEED OF TRUST IMSecuritv Instrument") Is made on lhls :I V'rt day 01 No \I pm h pr
<br />1....!!L...Th...".,,, Steven C. Avila and Cindy J, Avila- husband and wi'fe
<br />("Borrower"). The trustee hi Commercial Federal SllVlngs IUld Loan AaIoClatlol}..,.
<br />{"TNslee1. The blneflclarr I!I Commerclal Federal Savings and Loan AasocIatIon, which Is organized and exlstlng u~r thd laws 01 NII~. 8t'd W~Di'1dresa II ~ F~ ~~
<br />Nebr&ska68131 ("Lender1. Borrower owes Lendllrthe plincipal aum of Six thousand bra hun re seven y SlX 0 ars an Oolra{g:'
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<br />(US. s 6276 .. 93 I. This deblla evidenced by Btmower's oole daled the same date as Ihls Security Instrument '''Note), which provides for monthly paym8nt1, with th~
<br />""debl,lInolpoldoarller,."""'peyableon November 16 1994 0;
<br />=.~~un:, '"::~ ~:=nJ:::U:;~i::~~I~~~e~~~~~:~~~~,:=I~; =~ :e.,~:snc:n~":~::~~~I~f~~:
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<br />BormwerlmtVOCablygranL!l and conveys to Truste.ln trust. wllh powerol saki. the following described property localed In 1-1 rl 1 1 County, Nebraaka:,
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<br />Lot Twenty-Nine(20) Kentish Hills Subdivision, located
<br />of the Northwest Quarter of the Southwest (Sl/2 NW 1/4
<br />Twenty-Five (25) Township Eleven (11) North, Ranre Ten
<br />6th P.M. Hall County ~ebraska.
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<br />in the South Half
<br />SW 1/4) of Section
<br />(10) ~est of the
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<br />~;,
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<br />whICh hns the addreu 01 1nlq Nnrth Rnrln ~l"';'Inrl Tc.1::lnn
<br />(Street) (City)
<br />N.b..... ti g g g 1 ('P""",,,, ........."
<br />TOGETHER with all the Irnprovemlnll now Of he'llIller erected on the property, and all easements, rights. appurlenBl1C8S. Ients. royalties. mlnerat, oil and gas r'lhts and prom., water
<br />rights and stock and all flxtul8l now Of htNaltel' a part of rhI property. All replacements and adcUlIons shall also be covered b)o thiS Security Instrument. All of Ihe loregoing la refened 10 in
<br />this Securtty Instrument as the "PrCII*tY."
<br />BORfi.JWER COVENANTS Ihal Borrower la lmull.,. ee1led olltle estate hereby conveyed and has the right 10 grant and convey Ihe Property and that Ihe Property Is unencumbered,
<br />except tor 8fICI.lmbrancu of record. BorrowIr II\'lIITantI and will delend generally the title 10 the Property against all dalms ana demlll'1d!l. subject 10 any encumbrances 01 record.
<br />THlS SECURITY INSTRUMENT combil\Oll uniform covenants lor national use and non-unitorm covenanls Wilh IImlled variBIIDns by Jurisdiction 10 constituIe a uniform HCUnty Instrument
<br />QJY8Mg rsal property.
<br />UNIFORM COVENANTS. BonuwlIt and ~ndlf mwnlllt and agrp as lollows:
<br />1, Perment or PrtncIpIII and IntenllItl Preperment Met Lae. Chargn. Borrower shalt promplly pay when due the principal 01 and Inlentst on rhI debl evidenced by the Note and any
<br />prepayment and 11.111 charges dUe under the Nola.
<br />2. FundI for...... and Inltll'lftCe. SUb}ect to appIil:ab1e In or ID a written waiver by Lender, Borrower shaD pay 10 Lender on the day monlhly payments are due under the Note, until
<br />thl!I Note II paid In tun. . sum ("Fundl1 ~III to lJM.1Wdth 01: (I) ynrty taxes and a!IMsamenls which may atl8In prtority over this Secunty Instrument: tb) yearty leasehOld payments Dr
<br />gtDl.lnd ntnll on the Property, II any: Ie) ~1tIy haurd Insurance premiuma: and (dl yearly mortgago Insurance premiums. II any. These lIems are called "ncrow Iiams." Lender may estimate
<br />the Fundi du8 on the bUll 01 aJnnI data and ,.uonab6e ntlmlltel or lutu,. escrow I18ma.
<br />The R.lndllhall be held In ., InItIIutton the ~ or IKlCOUtItI of which arelnautlld or guaranteed by (I federal or state agency (IncludIng LendM if Lender lllUCh an Institution). Lender
<br />IIhd IppIy Ihe FundlID pay 1M escrow ttemI, Lander may not ChIrgrI tor hoIcIIng and applying the Funds. analyzing the .x:ount or vottfying !he escrow llaml. Unlell Lender payI Bom:rwel'
<br />interaI on the Fundi and ~ law perm/tI Lender to ~ 1UCh. charge. Borfawer and LInder may agraeln writing thet IntenIIt IhaII be paid on the Fundi. UnIaI ." ~ is
<br />made or applicable law ~1rH Inllrest to be pakl, Ltndlr shan not be required 10 j:r:y Borrowo. any Intemlt or ollfT1l9 on the Funds. Lender shall give :0 Son'o'MI~, wItt'IoUt charge. an
<br />annual accounting of u. FundllhoWlng 0"Id1tl and dtbI1I to thI Funda and Ihe purpose lor which each debit to the Fundi was made. The Fund!I are pledged as acldlllonal HCUnty 101 the
<br />sum. aect.Il*:l by thll Security InllNment.
<br />II thI amount of the Ft.tndlI held by Lender, 1ooether" wlltl the future monlhly payments of Fundi payabll prior to the due dates olltle escrow Illms. shill exceed (he amounl requintd 10 pay
<br />the eacrow Items when due, the excen shall be, at BolTOWtr" option, elthllr promplty replld 10 Borrower or credited to Borrower on monthly payments Dr Funds, If the amounl Df Ihe Funds
<br />held by Lender Is not autllclent to pay the elCl'OW Illma when due, Borrower shall pry 10 Lender any amounl necessary tD make up Ihe defidency In one or more payments II required by
<br />Lender.
<br />Upon payment In lull of all sums secured by (hi, Security Instrumllnl. Lender shall promptly refW'ld to Borrower any Funds held by Lender. "under paragraph 191he Property IS sokl or
<br />acquired by Lender. LInOer shall apply, no later than Immedlllely prior 10 Ihe sale 01 the Property or Its acqulsllion by Lender, any Funds held by Lender ellhe Ilme of apphcahon as a credll
<br />aoall'lltlhelsums lIeCUnKI by this Security Instrument.
<br />3. Application of PaymIlntI. Umesa applicable taw providH otherwise. all paymenta I1taluved Oy Lender under pllf'Bllrapha 1 and 2 shall be applied: lirst, 10 lale charges due under Ihe
<br />NDte; second, to pntpayment ctuu9H due under the Nole; third, ID amounts payable under paragraph 2; fourth, 10 Inleresl due; and Iaat. to principal due.
<br />4. ChaItIn: LIen.. Borrower shall pay alllallell, usessments, charges, linea and Impoa/tlorls llUibUlable tD the Property which may attaln priority Dver this Secunty Inslrument and
<br />leasehold payments Dr ground Rlnts, it any. Botl'O'lWtr ahall pay these obIlgallonS In the manMf provided in paragraph 2. or II nol paid In that manner, Borrower shall pay lt1em on time difBCIly
<br />to the pel'8Drl owed payment. Borrower shall promplly furnish to Lender all notices of amDUnts 10 be paid undet thls paragraph. 1I Bol1'OW8r makes these payments dirBclty, Borrower shall
<br />promptly Iumlah to Le..... recelpta evldencing Iha paymenII,
<br />Borrower shall promptly dlsctlarge any lion which has priority ever this Security Instrumenl unle.1 Borrower: tal agrees In writing 10 the payment 01 the Dbligalion secured by lha hen 1M a
<br />manner acceptable to Lender: (b) contests In good faith the lien by, or delends againsl enlorcemenl 01 the lien In, legal proceedings which In the Lender's opinion operale to pntVfInllhe
<br />enloroemenl ollhe lien or fOffeitunt 01 anypartof the P/OPMfY; or (e) &eCllRlS lrom the holder 01 the Illn an agreement satisfactory to Lender subordinating Ihe lien 10 this Secunly Instrument
<br />II Lender determines that any part Dllhe property is subJec1 wallen which may attain priority over Ihil Security Instrument. Lendar may give Borrower a nob Idlntilying the hen. Borrower
<br />shall satisfy the lien or take one or ITIOt8 of the actJons sat forth above within 10 days 01 the giving 01 notice.
<br />5. Huard InwratlCI. Botrowttr ahBII keep the improve~ fIClW existing Of herealler erected on the Property insured againslloss by fire. hazards included within the term "exlended
<br />coverage~ and Bl'1Y olher hazards fDf which Lender requires insurance. This Insurance shall be maintained in the amounts flnd lot the periods thet Lender requires. The insurance came.
<br />pmvidlng the insurance shaD be chosen by Borrower subject to Lender's approval which shall not be unntuonably withheld.
<br />All insurance policies and I9newalI shatI be acceptable 10 Lender end ahallinctude a standard mongage cIIuse. Lender shall hBVD Ihe nght ID hOld the policieS and renewals. If Lende.
<br />raquintS. Borrower 6haII promptly give to Lender 811 mcelpt!l 01 paid pntmiums and t1ll'1eWlll neba. 'n the ......;.1 of loss. Borrower shall give prompl neb 10 the Insurance carner and Lender
<br />Lender may make proof of Iosa It not made prompUV by Borrower.
<br />UnlHs Lender and BorTawer otherwise agree in wrttIng, Insurance proceeds shall be appUecllo ..,roration or repair Dt the Property damagecl, it the resloralion or repair Is economically
<br />feasible an:t Lender's security Is notlessaned. 11 the restoratlon or repair Is not economiCally lelllible or LenOIr's securtty WDuld be lesaened, the Insurance proceeds shall be applied 10 Ihe
<br />sums aecuntd by this Security Instrument whether ot not then due, with any excess paid 10 BomJWl!lr. If BorroM' abandons the Property. or does nol answer wilhin 30 clays a notice from
<br />~ ltIII thO InfuIW10l carrier hu offered to seldlt a claim, the Lender may collect !he in!llJr&nee proceeds. Lender may UIMl Ihe proceeds to repair or reslDre the Propeny or 10 pay sums
<br />securlld by thI8 Security Instrument. wheth.r or not !hen due. The 300day per10d wlll begin when the noliett IS given.
<br />UnIeU l...et'ldIt and Borrower otherwise 80tH In wrttIng, any app6catIon ofproceects to princlpallhall nol .ldend or postpone th. due dale oT the monthly payments raletreci to in paragraphs
<br />lllncl2 orchMgeIhli amount of the paymlInls. It under paragraph 19 the Property is acquired by Lender, Borrower's right to any Insurance poUdes and proceeds AtsulUng lrom clamage to
<br />the Property prior \0 the KqUllIltion ahaII pau 10 Lender to the extenl of the sums secured by Ih1s Security tnstrument immediately prior to the acquisition.
<br />S. ~ and....ntenance or Property: l.wUIihokfI. Borrower shall not destroy, damage or substantially r.flange the Property, allow the Property 10 delflrionlle or commll waste.
<br />It this Security Instrument Is on leaaehcld. Borrower shaD comply with the provislons ol1l1e lease, and It Borrower acquintslee title 1tI the Property, the leasehold and lee tiUe shall nol merge
<br />unlea lander IIIP8I to the mctf9lIr In writing.
<br />1. PratKUon tof Lender'. RigID In thI Prctf*tJ: Uortgaglllnsurance. II Borrower failS 10 perlorm Ihe covenants and agreerT\8rlts contained in Ihis Secunly Instrument. or Ihere IS a
<br />Ie;al proceeding that may slgnffic:andy allect lender's rights in lhe Property (such 8S a proceeding In bankruplCy, probate. lor condemnBllon or 10 enforce laws or regulallonsJ. then Lender
<br />may do and pay forwhalever is necessary to prolect the value 01 the Property and Lende.'s rights in Ihe Property. Lender's aelions may include paying any sums secured by a lien WhIch has
<br />priority ovetlhll SecurIty Instrument, appearing in court, paying reasonable 8l1omeys' lees and enteMg on the Property 10 make rTlpaitll. A1lhaugh Lender may take action under this paragraph
<br />7, Lendttrdoa not have to do ao.
<br />Arri amounll dIIbtned by Lender under Ihis paragraph 7 shall become additional debl of Borrower secured by Ihis SeC\mly Inslrument. Unless Borrower and Lende. a91M to Olner lalms
<br />of payr1'IlWlt.lheM amounts shaD beat Inl8rnlIrom the dUe of dISbursement at the Nata rate and shall be payable. wllh inleresl. upon notICe from Lender to BolTOWltr fOquesllng payment
<br />t11And1tr ~ mortgIIQIt lruIuranat u e condition of making the Io&n secured by this Security Instrument, Borrower shall pay !he premiums required 10 main tam Ihe Insurance In elfecl
<br />until such 1ln-. .. rhI .....Irement tor the insurance termlnll.. In ec::ccrdance with Borrower'. and Lender's Wlitten agntttmenl or applicable law.
<br />I. IMpKdon. lJInder or 1t18(l1tn111\l1ly make ntuonabltt entries upon and Inspr.;tlons oflhe Propeny. Lender shall gMl Borrower notice althe lime of or pnor 10 an lnSpecllDn Specifying
<br />rumnabIe C&UH for !he InIp<<:tion.
<br />I. ~ The ptOCMds of any award Of deim for damllQU, direct or consequential. In connecllOn WIth any coodltn\nalion or olher lakmg of any pari 01 ihe Property. or for
<br />~ In Ileu 01 mndJImnaUon, .,. hlIreby auigned and Shall be paicllO Lender
<br />In the lr'IIeOt 01 a IoWItaklng or the PropMty, the proceeds shall be applied 10 lhe llums &eC1Jrttd by lhls Secun'y Inslrument, ....hslner or nollhen due. Wllh any excess paId 10 Borrower In
<br />the ~I 01 a partllllaking 01 tI1l!l Property, unlns Borrower end Lender otheTWlse agree In wntlng. Ihe Jums secured by 11'115 SllCunly Inlllrumenf shail be reduced by Ihe amount ot rhe
<br />DfUClMdI rnu/lJpIiId by the fallowing lrac:tiotl. la)lhe lolal amount 01 the sums secured Immecllately boloI'D the lakmo dlllld&CI tly (bllne lair market lIaJue of lhi! Property Imm.cllaloly betotft
<br />U. tatung. Any balance ahaII be paid 10 Botrower
<br />II the Property 1'1 ~ by ~. or II. slter nota by Lende'lo Bolrower tnalthe condernl1Or orters ra mako an IIwara 01 !Ulnte Il Cla,m to' C3amages BOITQWIII tallll to f8IlPOruj to
<br />I..enOer wlttlln JO d-va al'ter the dal. tile 00bC8 111;I1\I8n. L8I1()er II lIull\onzed 10 collect IInd apply the OroCfItKlu at Iru opllon o<lhllr to rnslorollon n' 'flPS" 01 me P'OP."I\" 01 to Ihe sums
<br />HCl.IIfil by 1hI1 Secuoly Insllument. whlltner or nollhlln due
<br />Unlea:l~ anet ~ oII'lltrwIseagrlltl m wnllng. any applICation 01 plOCflK1l to p',"c,pallhIlU not f!ltena 01 DOSlponlllne OUIl anto or Ihll m,'''t'll~ pilVmflnl, !I.I'otlfltt 10 '" Oll'aglolpns
<br />, and 2 or change U. arroul1l at ~ paymenlli
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