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<br /> ^- ISp�ce�bovetl�N Unefur recarElnt d�t�) �
<br /> I3�E� OF `�ItUST � _-
<br /> THIS DEED OF 7RU57'("Securiry Instroment")ia madc on Marah 07, 1996 •
<br /> Thc
<br /> grsntor Is BARBARA A. LABENZ � A 9INf�LE PERSON
<br /> (•Borrower").
<br /> Tt►e cruata is STEWART TTTLE C3UAFtANTY COMPANlI
<br /> (^T�ustee"). 'C�e benefi.ciury is MERCANTILE 43,�NR, FSB
<br /> which is orgsnized and existtng uuQer the laws of USA
<br /> whose addnsa is 131 WEST 3RD ST. D�VENPORT, IO�+TA��5n�80� �nowor owes Lendesthe principal sum
<br /> as �xv�� •pj�nTt�z�un RTC;TiT HUNDRED Fc 00/100 s.l ca,„
<br /> ($ 6 0, 800 .00 ). '�'his debt is evidencad by t3orroweYB AOtC QBICd T�1C 9ilIAG.M1Jitic Fu u+a°....-.is1�;
<br /> Instcument ("Note"). wlich provldes for monthly paymente, with the fl�ll debt, if not paid eulier� due and pay�ble on
<br /> le,pril 01, 20I1 .Thia Sx►uitY Inauuanent secuns to Leoder: (a) the repayment of the debt
<br /> cvider�cod by the Note,rvsth inurest,and alt nnewals,�xiensions and modification of the Note;(b)che PaYment of sill ather sums.
<br /> iV:f��tCiCSt,s�dvenced�der paragraph 7 to pxotect ahe security of this SecurIry Ir�st�niment;and(c)the perforannnce of B°rrov►er'a
<br /> covenaats and agreement��uider thia Securlty instr�mont and the Note. F�th�i�s aur�Borcowcr i��vocitle grante and C nlvne�,
<br /> ,to'fruetee,ln ttusT.with powcr of sale,the following described pmparty
<br /> ][�lEFdRA9KA •
<br /> THE NORTHERLY 2 FEE�' OF LOT 2 �1NA ALL OF L,aT 3, SUBDIVISION OF BLOGK ONE �
<br /> VIBTE HTLL SUF3DIVISION, CTTY QF G13Ar1D I3LAND� H�fLL COUNTY, NEBRASKA
<br /> whichhastheaddressof: 804 SOZ7TH BLASIJ� ST. GRAND ISLAND, NE. 68803
<br /> ("Pcoperty Addrcss");
<br /> TOGgTNER WITH all the improvementa now or hereafter erected ou tUe preperty,and all caaemwts,aPpurtr�anc�s�a°d
<br /> fi�ctuns now or hereafter a part qf tha prapeny. Nt replacements and addidons shall also be covered by this Socurlty Insavment•
<br /> Al1 of the foregoing is rcferral tc�in this Sccuriry�ustivment as the"Property."
<br /> BdRYtOWBR COVSNANTS that Bonawer is lawfiilly seiud of the estate hereby conveyed and h�the right to grant aud
<br /> _, convcy tho�'ropercy and that the Pmperty fs unencumbered, except for eacumbrances of record. Bc�xrower warrants and will
<br />— dcfend gcaeraliy tho tide to the Fcopeny ageinst ail clairos and demands,subject to any cncucnbrances of recnrd.
<br /> — THiS SBCURITY INSTRUMENT combines unifarm covenants for nat[onal use and no-uniform covenants witi► limtted
<br /> = � va►Yatlous L•y jurlsdiction to constitutc a uneform secariry instrument covcring mal propetty.
<br /> IINIFOR'4I COVENANT5.Borrower and�,endcr covenant and agree as foliows: Wh� due tp►c
<br /> � 1. Payment oi Prine.ipal and Interest; Pre�ayment and Late Ciwrges. Borrowor shall pmuiptly pay
<br /> — prinrlpal of and intecest oa tha dcbt evidenced by thc Note and any prepayment and late charges duo undc�r the Note.
<br /> � 2.Ftiu�ds(or Taxes and InsurAnce.Subject to applicable lAw or to a written waiver by i.ender, Borrower shail pay to
<br /> t�nder on che dav monthlv navmenis nre due under the Notc.untit the Note is paid in full, a eum('Funds"�for: (a)yearly taxes
<br /> end assessments wblch may attaiu pdority over tliig Security Instrument as a lien on the Froperty;(b)yeariy ieas�noid paymcn�e v�
<br /> — �und rente on the Property, if any; (c)ye��rly hazard or pmperty insurance premiwns; (d)yearly tioal insurance pnm�ums. If
<br /> - any; (c)yearly mortgago insurauce pt+�miums, if any; and(fl anY sums payable by Boreo�ver to i.endcr, in accordanoo with the
<br /> - provisians of paragraph 8. in licu of the payment of mort�age insuranco pt�emiums. 'I7iese itec�u are ca�led "Escrow Items.'
<br /> -- Lcnder may.at a��y time,coltect nnd liold funds in an amount not to exceed tlie maximum araount a len�cm 30028�e�8y o�s�$e�1
<br /> _-;; NC,�RASKA•Sixglt Fardly�Fimnte Mae/FY.dGie Mac UNIFORAf lNSTRUM6M'
<br /> -- P�e 1
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