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<br /> (Spar,o ADOVO Thla Llno for Racordinp pataJ
<br /> FHA Cano No.
<br /> stae• ot Nebraska DE�D OF TRUST 32y-�sos��s- �
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<br /> THi9�EED OF TAUST('Secu+iiy I�►s1�u��iei�Y)Is r�iede on C.�:y 174ii ,1°°g �'
<br /> The trustor la Mar10 C. Cervantea and Oloria M. Cervant�s . Hutbend and Wife as olnt Tanants
<br /> ('Dortower').The trustee is
<br /> Natlonal pan�C of Commerao Trus and Sauings Asaoclatlon.
<br /> (•Tnistee').Tho beneflciery Is T,�a Avarl�nd Natianal �ank of�rand
<br /> !llpnd_ ,whlch Is organized end exiating under tho laws ot_
<br /> T�f e Unitad Sttt�s of Am�rica , and whose address Is 304 West 'fhtrd Stra�t (itand Island.
<br /> NE 68801 ('Lender').Bortower ov�as lender the pdncipal sum o�
<br /> T�f i,r�y Fiw Thous�nd Three Hundred and p0/100 -
<br /> Ooll�rs (U.S.S 35 300.00 1. Thls debt is evidenced by Borrower's note dated the aeme date as thls Security
<br /> Instrument ("Nute"), which provldes for monthly payments, with the full debt, If nat peld earller, due end payable on
<br /> .;Lr.� '!. .�.��� _ . Tt�� °..:...wr.t�; lactrsm�s! sesx::_-!o l.asrier: (a) 2he rT�;m�si et ihe �±s!+i
<br /> evidenced by tlie Note, with Interast, end ell renewals, extenslons and modiflaa�lona; (b) the payment of all other sums, with .
<br /> Interent, advanced under paragrsph 8 to protect the aecurtty af thla Securlty Insirument; and (c) the pertormsnce ot Bornmra's �.
<br /> , cavenente and eyreementa under tt►Is Securlty Instrument and the Note. For this purpose, Bortower does heroby mortgage,
<br /> yr�nt�nd convey to 7runtea wkh power o1 sele,the tollowing descdhed property loceted In H�II
<br /> County:
<br /> = Lat El�h! (8) �nd th� Southrrly Elph! F��t (8') of Lot Nin• (9). in Block Thns (3) of Pleasant Hill
<br /> � AddRlon to th� Clty of�rand Esland, H�II County� Nebr�skA.
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<br /> which has the addreaa n} 1001 N. Ch�rry Stn�t, �r�nd Isl�nd. _
<br /> _ rsc«uti [ci�y�,
<br /> . N�braeka ,_, B8801 ('Property AdGess");
<br /> [St�te] [Zip Coda]
<br /> , 70C�ErHER WITH eN tha Impravements nuw or hereafter erected on the F7openy, end NI essementa,rights,appurtenences,
<br /> rents, royakiea, mfneral, oN end gee �ights end profits, watcr rights and otock and sll flxturea ntnv or hereitfter a p�rt of the
<br /> Property. All repkoementa and addttions shall etso be covored by this Secudry ineWmmt. AH oi the foregoing is reierred io in
<br /> thla Securily instrument as the °Property'.
<br /> BORROWER CONENANTS thet Burrawer Is lewfulty solxed ot 4he estate hereby conveyed end has tho rlght to mortgage,
<br /> gnnt and coovey the Pr�peity and that the Prope►ty Is unencumbored, except for encumbrances of record. Borrower waRnnts
<br /> � and wlll deiend generalty the tttle to the Property agaln9t all claims and dc�nands, sub)act to any encumbrances of record.
<br /> • 1. Paym�nt u4 Princtp�l� Intereet end l.ste Cherge. Dortowor shel pay when due the pdncipal ot,and Interest
<br /> _ on,the debt evidenced by the Noto and late chArges due under tho Nqte.
<br /> 2. Monthly payte�ent of 'Fexea, Insuranoe� sred (}thsr Chergea. Borcower shall Indude In each monthy
<br /> payment, together with the princlpal and Interest as sot torth In the Note and eny lete charyes, e sum tor(e) texes end specl�i
<br /> essessments levled or to be levfed agatnat the Prope�ty, (b) leasehold payments or grnund rents on the Property, and (c)
<br /> premiums tor Insuranco required under Para4raph 4.In enY Year In which the Lendn must pav e mortstage lnsurence premlum to
<br /> � the 5ecrotary ot Housin�end Urban Dovelopment ('Secretery"), or In any year In which such premium would havo 6een required
<br /> , 11 Lender siill held tho Security Instrument, each monthiy paymcsnt shall also Inctuda oither (i) n cum for tho ennual mortgage
<br /> ' insurence premium to ba peld by Lender to the 3ecretary, or (il) e monthry chargo Instead pt n mortgage Insuranco premfurn If
<br /> thls Socurity Instrument is held by the Socretury, In a reasonablo amount to ba determined by the Ser,rotury. Except tor the
<br /> monthty chargo by tho Secrotary, these Items aro culled "Escrow Items' end the sums pald to Lender are calied `Escrow
<br /> Funds."
<br /> F5013.LM0(5�J5) papQ 1 of 4
<br /> 96068
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