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<br />DEED OF �� 052 AP
<br />TRUST 85- 4 0.39
<br />THIS DEED OF TRUST ( "Security Instrument ") is made on ...... Oc tuber.. AL. ...................... ...............................
<br />19.65...... The trustor is ... m,1CHAEL.. R,,,_ KQN4,.. AN0 .. .......... ...............................
<br />j .............................................. ............................... ( "Borrower "). The trustee is .... AREM..R- ..BAACK —atto nQ*.............
<br />1 ................................................................................................................ ............................... ( "Trustee "). The beneficiary is
<br />... i{ OME..E EDERAL..-9AIIINCS..&.. LLIAN.. IASSOG. IAIIOM. AF.. rRANQ..LSLAND.................. which is organized and existing
<br />under the laws of .........A IEBRIASKA .................... ............................... and whose address is ..221..So.....l.aci st...................
<br />Grand Island,...N br. ka........... QQ5. 01 ...... ............................... (,.Lender••).
<br />Borrower owes Lender the principal sum of SIXI.Y...ONE...T.HQUSAND.. F� &- �NB-di6�j.3 ttnR�aa ..............
<br />---------- ------------ ---- -- .-Dollars (U.S. S...61x ?AQ..QQ...........). This debt is evidenced by Borrower's note
<br />................................. ...............................
<br />dated the same date as this Security Instrument ( "Note "), which provides for monthly payments, with the full debt, if not
<br />paid earlier, due and payable on .......... NQv emtzu... 1..... 2M5.................................................................................................
<br />This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all
<br />renewals, extensions and modifications; (b) the payment of all other sums, with interest, advanced under paragraph 7 to
<br />protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this
<br />purpose. Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property
<br />located in ..........................................I HALL
<br />...................................................................... ............................... . County, Nebraska:
<br />LOT NINE (9), BLOCK TWO (2) IN ASHTON PLACE, AN ADDITION TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA:
<br />which has the address of ...................-: x(7 ............... Kier 1�................ ................ ..............
<br />. s. l.t��d........................,
<br />i5treet) (fatY7
<br />Nebraska ........... J UQ Q2 ............................... ("Property Address "),
<br />lbp codel
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights,
<br />appurtenances, rents. royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or
<br />hereafter a pan of the property. All replacements and additions shall also be covered by this Security Instrument. All of the
<br />foregoing is referred to in this Security Instrument as the "Property."
<br />BC)RROwER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant
<br />and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants
<br />and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record.
<br />Tests SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with
<br />limited vanations by jurisdiction to constitute a uniform security instrument covering real property.
<br />1.714FORM CvvEtiA%rS Borrower and Lender covenant and agree as follows.
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Burrower .hall prompt!} pay «hen due
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and late Charges duC under the Note
<br />2, Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender. Borrower shall r:n
<br />to Lender an the day monthly payments are due under the Note, until the 'vote ;s paid in full, a suns t "Funds-1 equal to
<br />une• twelfth of (a) yearly taxes and assessments which may attain priority aver flits Security Instrument. I »t .early a
<br />C leasehoid payments or ground rents on the Property, it' any, (c) yearly hazard insurance prcrttiruns and ,earls
<br />mortgage insurance premiums, dany. These items are called "escrow items." Lender nr,ty l'Stimate the I ::rids hue ,,n (he
<br />basis of c urrent data and reasonable estimates of Future escrow itenns.
<br />n
<br />The 1 un& shall be held in an institution the deposits or accounts of which are insured ,i guaianir r 1 by a lco r,mi r (t?
<br />state agency irncl rthrry, Lender d Lender iv such an tnstttution). Lender Oiall apply the Funds to pan the C., " ,gems �
<br />Lender may not charge fur holding and applying the Funds, analvztng the ;ILLI nil ,r .ertfyiny, rill • .,.era ,r, ms. . ;nL..,
<br />C; n cn
<br />T To re- record Deed of Trust to show the correct amourt =_'
<br />j�
<br />b of principal borrowed.
<br />j
<br />Iii
<br />`
<br />Z
<br />which has the address of ...................-: x(7 ............... Kier 1�................ ................ ..............
<br />. s. l.t��d........................,
<br />i5treet) (fatY7
<br />Nebraska ........... J UQ Q2 ............................... ("Property Address "),
<br />lbp codel
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights,
<br />appurtenances, rents. royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or
<br />hereafter a pan of the property. All replacements and additions shall also be covered by this Security Instrument. All of the
<br />foregoing is referred to in this Security Instrument as the "Property."
<br />BC)RROwER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant
<br />and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants
<br />and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record.
<br />Tests SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with
<br />limited vanations by jurisdiction to constitute a uniform security instrument covering real property.
<br />1.714FORM CvvEtiA%rS Borrower and Lender covenant and agree as follows.
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Burrower .hall prompt!} pay «hen due
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and late Charges duC under the Note
<br />2, Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender. Borrower shall r:n
<br />to Lender an the day monthly payments are due under the Note, until the 'vote ;s paid in full, a suns t "Funds-1 equal to
<br />une• twelfth of (a) yearly taxes and assessments which may attain priority aver flits Security Instrument. I »t .early a
<br />C leasehoid payments or ground rents on the Property, it' any, (c) yearly hazard insurance prcrttiruns and ,earls
<br />mortgage insurance premiums, dany. These items are called "escrow items." Lender nr,ty l'Stimate the I ::rids hue ,,n (he
<br />basis of c urrent data and reasonable estimates of Future escrow itenns.
<br />n
<br />The 1 un& shall be held in an institution the deposits or accounts of which are insured ,i guaianir r 1 by a lco r,mi r (t?
<br />state agency irncl rthrry, Lender d Lender iv such an tnstttution). Lender Oiall apply the Funds to pan the C., " ,gems �
<br />Lender may not charge fur holding and applying the Funds, analvztng the ;ILLI nil ,r .ertfyiny, rill • .,.era ,r, ms. . ;nL..,
<br />
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