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<br /> �'f�.t�386 01�—Gs�s—'
<br /> DEED OF '�RUST ,��,�, � -
<br /> pMAHA,NE 681Q3 �
<br /> qTTN:SHIRIEY 1Y1lUAP.Ig �` d
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<br /> THIS DfiED OF TRUST("Security[nsuumera')is roade on f���ry 31, 1996 •The irustar.�.�r —
<br /> Patrick S. Kratochvil aad Beth L. Kratochvil. husbaad and wifc -
<br /> �LK
<br /> l'��w�")•'����� hoxwast Bank Nebraska, National Association
<br /> ('T�ustee").The beoetici3ry isHorweat Bank Nebraska, National Association
<br /> which is organized and existing under the laws of �e United States of America '���
<br /> ��s�202 Wast Tl�ird Street�, Grand Ycland, Ne 688p1 �
<br /> � ("Ix�der').Bonower owes L,eader the principal sum of
<br /> T�elve Thou�a�z3 Dollars and no cents---- ���"S tU.S.S )• -
<br /> 7'his dobt js etider�ced by Borrower's note dated the samc date as this 5ecuiiry Instrumeiu(�d��t�ch provides for
<br /> ��Y PaY�s,with the full debt.if not paid eulier,due and payable on TdA�33='}1 ZT, 2000. •
<br /> This Securiry Irutrument secures to Lerder.(a)the re�aymetu of the debt evidenced by tbe Nou:.�ith intexrst,and all renewals,.
<br /> exteosions ud modifications of the Note; (b) the PaYment of�11 other sums, witA interest. aulvanoad under p�ragraph i to
<br /> �•.��.L��srr� af S�:g Cw��. �ef��_f� w.,,�ri ��l rh. �.efi,r�n��w �f Rnr�uars_'c myMnotc ar�i �orram+rnfc. Fv�thia ,_
<br /> purpose, Botrowu imvocably grants and conveys to Trusiee. in t�ust,with power of sale, the�allowing cSesctibect pn�erty
<br /> loeated in Hs12 Ca�atY.Nebrisicz:
<br /> Lot 3, Block 10. 3oehack's /Wditioa. City of Grand Isl�,.d, Hail Couaty, Nebraslca
<br /> whichhast�:�,b3ressof 655 Groff Street Grand Islaad�. , «��'1• '
<br /> '� 6880i ('�Y�"):
<br /> (Zip��a�:�e1 ,
<br /> TOGE'FL�ER WITH all the improvemenu now or hereafter erectesi.on the propetty.and a[1 u�eaus�ts,appurtenances,and
<br /> 6atures now nr herafier a part of tlx property. Ali replaceme�; aa�d �dditions shall aIsv.I!e covee�d by this Secutity
<br /> Insuume�►t.All of the foregoing is referral to in this Security Instnunene as the"Property "
<br />• $ORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has tlie rqJ:t to grant and
<br /> .eonvey the Property uid [ILt the Propeny is unencuml�d, except for encumbrmces of record. Borrawer wusr�rus u►d will
<br /> • defead generilly the title to the Property against all claitns aud dunu�ds.wbjoct W any encumbnnoes of r000ni.
<br /> ' THjS S�L.^URTTY INSfRUMENT oombins nnifarns covea-inss for n�tiocnl use ard aoa-w�il:usm covenaats with ii�ited
<br /> vuiatiorts by j�u.iicdiction to constitute z uniform socwsty inurumeat oavering real property. , ,�
<br /> UAiFF�ti&�'CCSVEI+�ANTS.Borrower ar�d�.ereder c�venarzt aru1 agcee as foiiows:
<br /> l. Payitie�t at P�i�tcffp�l and Interat; PreExzyraaat aad Late Charges. Lc�taower shall promptlY Puy wt� due ttse
<br /> principzl af ztcd interest csn tlie debt evidenced by the Note u�d�nY Prep�yment zrtd i:ue ctiuges due under dtr PVnte.
<br /> 2.F�udC far Taxes aod Insuraace. Subject to�pplicable l�w or to�written waivu by I.ender, Bormwer shall pay to
<br /> Lertider o+1 ti��ciuy�rwruhly payments are due under the Note.until the Note is paid in full,a sum("FuMs")for:(a)yearly tazes
<br /> and asse.csau�tts whieh may utain priority over this Seenrity insirameat ac a lien on the Property:(b)ye�rly lezcehold paymeats
<br /> or grouc�d rents on the Property,if any;(c)yearly hazard ar property i►Lwrdrice premium,s•(d)yearly fload'utsuranee premiums,
<br /> if any:(e)Yearly mortgage insur�nce prcmiums. if m�y:and(�any sums pay�le by Bonower to Lend�:r, ii� acoordar�ce with
<br /> the provisions of paragraph 8, in lieo of the p�yn�ent of mortgage insur�nce premiums. These items are called "Escrow Iums."
<br /> Lender may, at any time, collxt and hold Funds in an amount not to exceed the maxinwm anwunt a lender for a federally
<br /> relatad mortgage loan may require for Borrower's escrow accouni under the federal Real Esi:ue Settlement Procodur�s Act of
<br /> 1974�s amended from time to time, 12 U.S.C. Section 2601 et seq. ('RESPA"),unless anoiher law that applies to the Funds
<br /> sets a lesser amount. If so. Lender may, at any time, collect and hold Funds in an zmonnt not to exceed the lesser �rr�ount.
<br /> Lender may estimate the amount of Funds due on the basis of current d�auxi re:►son�ble estimates of expenditures of future
<br /> Escmw items or cxherwise in aocorcl�nce with applicable law.
<br /> NEBRASKA•Sinple Family.faneY�Ma�lFradt!'r Mac UNlFORY INSTHiJYENT fprm 3028 9190 -
<br /> �IYI 12T97 MTG VMP MORTf3AGE FOIWS-i3131Z93�YtOD•ta00�521�77i1 P.o.�o�a . /���fil87
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