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Jib— lO�BB
<br />DEED OF TRUST
<br />THIS DEED OF TRUST ( "Security Instrument ") Is made on February 23rd 1996 The
<br />trustor is CORY L. PRIESTER an SHARYL A.-SA@ NMMRIED
<br />( "Borrower "), The trustee is
<br />M8 RQAD RAM
<br />("Trustee "). The beneficiary Is UNITED BRASKA 13ANK
<br />which Is organtzed and existing under the laws of SR , and whose address is
<br />709 N. WEBS ROAD GRAND ISLAND NE 68 03 ( "Lender ").
<br />Borrower owes Lender the principal sum of EICII wo undred and 00.100
<br />Dollars (U,S.s 81,RQP.00____j. . This debt Is .evidenced by Borrowers note dated the
<br />same date as this Security Instrument ( "Note "), which provides for monthly payments, with the full debt, If not paid earlier; due and
<br />payable on March 1. 2026 . This Security Instrument socures to Lender. (a) the repayawnt of the debt evidenced
<br />by the Note, with Interest, and alt renewals, extensions and modNbalions of the Note; (b) the payment of all other sums, with Interest,
<br />advanced under paragraph 7 to protect the security of this Security Instrument, and (c) the performance of Borrowers covenants and
<br />agreements. For this purpose, Borrower. Irrevocably grants and conveys to Trustee, In trust, with power of sale, the following
<br />described property located In HALL, County, Nebraska:
<br />LOT TEN (10), IN BISHOP HEIGHTS SECOND, SUBDIVISION TO THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, �NE�BRASKA.
<br />which has the address of 2122 § E D
<br />ru ly �
<br />Nebraska JM3-_- ( "Property Addra91as "t );
<br />ZIP Dade
<br />TOGETHER WITH all Improvements now or hereafter ormted on the property, and all sasoments, appurtenances, and fixtures now
<br />or hor"Iter a part of the property. All replacements and addRlons shag be covered by this Security Instrument, All of the foregoing Is
<br />referred to In this Security Instrument as the "Property,"
<br />BORROWER COVENANTS that Borrower Is lawfully seisod of the @$tell hereby conveyed and has the right to grant and convey
<br />the Property and that the Proporty.Is unencumbered,. except (or encumbrances of.rroord, Borrower warrants and will defend generally
<br />the title to the Property against all claims and demands; subject to any encumbrances of record,
<br />THIS SEr:UHrTY IN91RUMENT combines uniform Covenants for national use and non-uniform covenants with limped variations by
<br />jurisdiction to constitute A uniform srcurky Instrument covering real property,
<br />UNIFORM COVENANTS, sorower. end Lander covenant and agree ere followei
<br />1. Payment of Principal land Interest; Preps yment "and Late Charges. Borrower shall promptly pay when due
<br />the gncclpel of and Interest on the debt evidrnood .by the Nois and any. prepayment and late charge$ due under the Not.,,
<br />2. 1"unds for Taxes and Insurance. Subject to applicable law or to a written welver by Lender, Borrower shag pay to
<br />Lander on the day monthly payments are duo under the Note, until the .Note. le paid In full, a slum ( "Funds ") don (a) yearly luxe and
<br />assessments which may attain priority over this Security Instrument as a (Mn,ran 1110 Propmtyl (b) yearly leasehold payments or ground
<br />rents on the property, M any; (o): yearly hazard or property Insurance promYime; (d) yearly flood Insurance prtmlpms, N any; (s) yearly
<br />mortgage Insurance premiums, N any; and (f) any sums payable by Borrower to Lender, h accordance with the provisions Of paragraph
<br />8, In lieu of the payment Of mortgage Insurance premiums. Theis Nome art called "Escrow Items." Lender may, at any line, collect
<br />and hold Funds In an amount not to exceed the maximum amount a kinder, for a federally related mortgage ban may require for
<br />NEOR RICA- 81np1• Family -Fannb Ml "/Freddie M "d UNIFORM INOTRUMENT : Form so:a e/so
<br />FtD3H.x.MO (9/95) Flee 1 01 "a
<br />793 .
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