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<br /> i [Spac�e Abure 11�L4�For RecadiaQ lHtal /��t�gq bG a9� S':��s
<br /> ' NORilEST BaNK NEBRRS}U
<br /> '_ ��M4HA,NE 68103 A�ED OF TRUST �� �
<br /> _ A1TN:SHtliLEY W1IUAIA.S � �
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<br /> i THIS DfiED OF TRUST("Security Inswment")ic made on ApgIL 1 S, 1996 •'r1�e trustor is
<br /> � RUSSELL A LEONARD AND ROSALINE G LEONARD, HUSBAND AND WIFE
<br /> _ ('Borrower').Ttfe uustec is �pRWEST BANK �1EERASKA, NATI021AL ASSOCIATION
<br /> - ("Trustee").The benefciary is �ORWEST BANK NEBRASKA, NATIONAL ASSOCIATION
<br /> which is organized utid existing under the laws of �E UNITED STATES OF AMERICA .and whose
<br /> add,ress is 3404 WEST 13th STREET GRIII�ID ISTi�1ND, NEBRASKA 68803
<br /> ("L�er�der").Bonower owes L.cnder the priocipal sum of
<br /> �II3 THOUSAND DOLLARS AND NO/100�***�********** Do11��U.S' S **10,000.00** �•
<br /> 71us debt is evidenced by Borrowu's note clated the same date ac this Securiry lnstrument('Nou").which provides for
<br /> mant}ilY paymerus•with the fitS!debt.if not paid earlier.due and payable on ApRIL I 5 2001 '
<br /> This Security I��*+�+�+P�secures to Lender: (a)du repayc�ent of the debt evirl;noed by the I�ote.with interest.ass�all re�uwals.
<br /> atteasions and modificatiau of the Note; (b) the PaYmeat of all other sumc� witd interest. �dvanad undu pangrap8 7 to
<br /> — � • • •;�.^.:s2`..°.s'» �F A�.r„mv��c myrruntc at1[� a¢[netlte�ts. Fot this
<br /> tne scwriiy vi iiw �a:u;iiy au'w-u;,s,-d: :�.3 tt� i�:.i..,•
<br /> purpoce. Borcower irrevocably Yrants aad conveys to Trustee, in wst, witb power of sale,thc foUowiuY describad prop�aty
<br /> loc.�tted in �L CouatY,Nebracka:
<br /> — LOT 16, BLOCK 2, IMPERIAL VILLAGE SUBDIVISION, CITY OF GRAND YSLAND,
<br /> HAI.L COUNTY, NEBRASKA.
<br /> THIS DEEJ OF TRUST SECURES AN 4PEN END RE�OLVING LINE OF CREDIT.
<br /> � SEE ATTACHSD AOME EQUITY LINE OF CREDIT RIDF.L'..
<br /> - which hu the�ddnss of 1431 HOWARD PI.ACE GRl�1� ISLAND «��'ty�'
<br /> Nebrasica 68803 ("PmpertY Addre�");
<br /> (zip Codel
<br /> = . TOGETHER WITH�11 the improvements now or hereafter erected on the property. and all easements,appurtenu►ces.and .
<br /> — fi:t�uac now or hereafter s part of the property. Ati replaamenu u�d add�itions shall also be covered by this 5ecurity
<br /> = Iostrument.All of the fongaiug is referred to in this Securiry Insinunent as the"Properry."
<br /> BORROWER COVFNANTS that Bonower is lawfully seised of the estatt h�ttby conveyed and hzc the right to grant and
<br /> convey the Prc�eny and that tne Fn�pGriy i� u;;enr,uer►;e��. :,xa~pt for c:.:umb:ance�s c8 cecard. 9o:*�aWcr wArraats and v:ill
<br /> defend generaliy the title to the Property against all cl�ims�nd demarsds.subject to any encumbrances of ncord.
<br /> = THIS SECURITY INSTRUMENT combines uniform covenants for nationa! use arul non-uniform aavenants with limitsd ,
<br /> -- cariations by jurisdiction to constitute a uniform security inctrument covering real property.
<br /> —' UNIFORM CAVENANTS.Borrower u�ci Lender covetizuat and agree as follows:
<br /> — 1. Payme�t ot Principal ard inte�rcst; Prep�Ymau aad I.ate C'axrges. Burrower sl�ll promP�Y PaY u+hcs: du: the
<br /> � principal of u�d iruecest on the debt evidenced by the Note and any prepayment a»d l�te charges due under the Note.
<br /> = 2. Ftinds tor Taxes and lnsurance. Subject to applicable law or to a written waiver by L.ender. Borrower st�all pay to
<br /> Lender on t}�,e day montiily payments are due under the Note.until the Note is paid in full,a sum("Funds')for:(a)yearly tazes
<br /> ° ar�d a�smenu which may attain peiority over this Socuriry Irutrument ac a lien on the Property:(b)yearly leasehold payments
<br /> � or grausd rents on the Property,if any;(c)yeariy h�ard or property incurance premiums;(d)yeuly flood insurarrce premiums,
<br /> if any; (e)yearly mortgage �nsurance prertuums, �f any; and (f?any sums payable by Borrower to Lender, in accordance with
<br />_� the provisions of paragraph 8, in liea�of the paymer,t of mortgage insurat�ce premiums.These ite:ns ue called"Escrow Itcros.'
<br /> Le�xler roay, a: zny time, callect and hold Funds in an amount not to exceed the ma�cimum amour,t a lender foe a federdlty
<br /> related mortgage loan tnay require for Bonower's escrow account under the fecieral Real Esta�e Settlement Procedures Act of
<br /> 1974 as amended from time to time. 12 U.S.C. Section 2601 er seq. ("RESPA"),unless uwther law that applies to the Funds
<br /> seis a lesser amo�nt. (f so. I,ender may, at any time, coUect and hold Funds in an amount not to exceed the lesser arrwunt.
<br /> Lender may estimate the arnount of Funds due on the basis of current data and reasonable estimates of expenditures of future
<br /> Fscrow Items or othenvise in accordance with applieable law.
<br /> � NEBAASKA-Sinflie Fun�lyFanr�N Ma�lfnddi�IYtac UNiFORf�II iNSTRiiIMENT . Fart�30�8 9190
<br /> �MI�YT97 MTG . VMP MOFTGAGf FORYS-1313�283-8100-7800i521-7291 •pp�t ot 4 �W91
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