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<br />When Recorded Mail To:
<br />CBNTRAL.NATIONAL BANK
<br />802 N. WASHINGTON/PO BOX
<br />JUNCTION CITY, KS 66441
<br />ATTN:MTG PROCBSSING DEPT.
<br />(785) 238-4114
<br />
<br />1029
<br />
<br />[Space Above This Line For Recordmg Data]
<br />DEED OF TRUST
<br />
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<br />
<br />DIXON
<br />Loan #: 450806351
<br />PIN: 400112469
<br />case#:321-2523421-703
<br />THIS DEED OF TRUST ("Security Instrument") is made on MAY 2, 2008. The trustor is LONNIE B DIXON AND
<br />KATHRYN E DIXON, HUSBAND AND WIFB ("Borrower"). The trustee is CENTRAL NATIONAL BANK ("Trustee"). The
<br />beneficiary is CBNTRAt. NATIONAL BANK, a corporation which is organized and existing under the laws of THE UNITED
<br />STATES OF AHBRlCA, and whose address is 802 N. WASHINGTON, JUNCTION CITY, KS 66441 ("Lender"). Borrower
<br />owes Lender the principal sum of BIGHTY-FOUR THOUSAND SEVBN HUNDRBD FIFTY-TWO AND 00/100 Dollars (U.s.
<br />$84,752.00). This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides
<br />for monthly payments, with the full debt, if not paid earlier, due and payable on MAY 1, 2038. This Security Instrument secures to
<br />Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note;
<br />(b) the payment of all other sums, with interest, advanced under paragraph 6 to protect the security of this Security Instrument; and (c)
<br />the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower,
<br />does hereby mortgage, grants and convey to Lender the following described property located in HALL County, Nebraska:
<br />THB EASTERLY SIXTY ONE (61) FBBT OF THE WESTBRLY SEVENTY SEVEN (77) FEET OF LOT NINE (9),
<br />BLOCK ONE (1), IN WESTERHOFF'S FIRST SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />which has the address of3220 W 18TH ST GRAND ISLAND, Nebraska 68803 ("Property Address");
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances,
<br />rents, royalties, mineral, oil, and gas rights and profits, water rights and stock and fixtures now or hereafter a part of the property. All
<br />replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security
<br />Instrument as the "Property."
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage,
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will
<br />defend generally the title to the Property against all claims and demands, subject to any encumbrances of record.
<br />1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest on, the debt
<br />evidenced by the Note and late charges due under the Note.
<br />2. Monthly Payments of Taxes, Insurance and Other Charges. Borrower shall include in each monthly payment, together
<br />with the principal and interest as set forth in the Note and any late charges, an installment of any (a) taxes and special assessments
<br />levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums for insurance
<br />required by paragraph 4.
<br />Each monthly installment for items (a), (b), and (c) shall equal one-twelfth ofthe annual amounts, as reasonably estimated by
<br />Lender, plus an amount sufficient to maintain an additional balance of not more than one-sixth of the estimated amounts. The full
<br />
<br />FHA Nebraska Deed or 'Im,t - 2/91
<br />~ 391.19
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