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<br /> — [5�ce Abave'Ttds Llnc Fur Record(ng D�ta] ^
<br /> 1 NORNIEST BANK N�ORASNA �/�z z 3���i'— �6
<br /> �Q BOX 3408 DEED OF TRUST p �.,
<br /> QP.4ANA,NE 6�3103
<br /> ATTN:SHIRLEY�NILLIAMS �� Q�`
<br /> _ ��.
<br /> 'THIS DE�D OF TRUST("Securiry Instrument")is made on MAY 13, 1996 ,The tn�star is
<br /> MTCHAEL J DAVIS AND 0 SUANNF DAVIS
<br /> ("Bonower").'I'hetrusteeis NORWEST BANK NEBRASKA, NATIONAL ASSOCIATION
<br /> ("Tmsta").The benefcciary is NORWEST BANK NEBRASKA� NATIONAL ASSOCIATION
<br /> which xs orgunized and existing uridcr the laws of �E UNITED STATES OF AMERICA ,and whose
<br /> address is 3404 WEST 13th STREET GRAND ISLAND, NBBRASKA 68803
<br /> ("I.ender"). Barrower owes Leadcr ths principal sum of
<br /> TWENTX ONE THOUSAND TWO HUNDRED EIGHTY FI�IE AND (I2/100�*flollnrs(U.S.S�*21,285.02** �•
<br /> This debt is evidemrxd by Bonower's note dated the same date as this Security Instrument("Note"), which provides for
<br /> monthly payments,with the full debt,if not paid earlier,due and payable on �y 22,Z001 •
<br /> This Security Inshument secures to Lender:(a)the repayment of the debt evidencett by the Note,with interest.and all renewals.
<br /> eztensions and madifications of the Note; (b) the payment of a!1 other sums, with inter�st, edvanced under paragraph 7 to
<br /> grotoct tho security of this Security Ins¢rument; and (c) the performssnce of Borrower's covenants and agaxments. For this
<br /> purpose, Borrower irrevocably grants and conveys [o Trustee, in tntst, with power of sale, the following described praperty
<br /> located in �,L County.Nebraska:
<br /> LOT 4,BLOCK 7, ARNOLD PLACE, CITY OF GRAND ISLAND, HALL COUNTY, NEI3RASRA
<br /> which has the nddress of 1123 WF.ST lat GRAND ISLAND . [s�rece,ctry�,
<br /> Nebrask.a 68801 ("P�'op�nY Addr�ss');
<br /> (Zip Codc)
<br /> TOC3B'THER WY'fH all the improvements now or hereafter erected on the property, and a!1 casements; appurtenances,and
<br /> fixtures now a�• hereafter Q part of the properry. All reQlncements and additions shall also be coverecl by thls Security
<br /> Instrument.All of the foregoing is refcned to in this Security Ins+irument as the"Property."
<br /> BORROW�R COYENANTS thut Borrower is lawfully scised of thc estate hereby conveycd and has the right to grant and �
<br /> � coitvey tlte Properry s�td thnt the Pro�x:rtv is unencumbered, except for e�icumbrnnces of rccord. Borrower wurrants und will
<br /> defcnd generally the tide to the Prnperty against all claims and demands,subject to any encwut�rances of record.
<br />: TiiIS SECURiTY iNSTRUMENT combines uniform covenants for national use and non-uniforn►covenunts with limited
<br />, var{ations by jurisdiction to constitute u uniform security instrument covedng real property.
<br /> UNIFORM COVENANTS.Bonower and Q..cnder covenant and ag�ce as followo:
<br /> 1. Payment of Princtpal and Interesh, Prepayment and Latt Chatges. �ionower shall promptly pay when due the
<br /> nl nf urul itlfYMOCt Att tlfP�IP{f}AVI(IP�I(�PlI�V fltta Nnm owl o .....1�.. .d... �...1.. ...7� .1.�ui..
<br /> = M::.':r:j...................�....._....� _'�..�.��.,�...�..,.»».... •�Y v�.uj.u�.i:.u....a:v r..mgw uuv wa��.i u�v a.vw. ..
<br /> , 2. F�nds fur Tuxes end Insurence. Subject to applicable law or to a written�vaiver by Lendcr. Borrower shall pay to
<br /> Len�er on thc day monthly payments are due undcr the Note,until the Nate is paid in full, A sum("Funds")for:(a)ycarly taxcs
<br /> attd assessments�vhich may attain priority over this Security Instniment ns a lien on the Property;(b)yearly leasehold payments
<br /> or ground rents on the Property,if any;(c)ycarly hcizard or property insurance premiums• (d)yearly flood insuranco premiums.
<br /> if any; (c)ycarly mortgagc insurancc prcmmms,if any; and(� any sums payable by Borrowcr to Lcndcr, in accord�r�cc with
<br /> tlie provisions of paragrnph 8, iit lieu of the paymcnt of mortgage insurance prcmiums.Thesc itcros are cnlled "Escraw Items."
<br /> Lender may, at any tim�. collect and hold Funds in nn amount not to excecd the m�ucimum amnunt a lender for a federall,y
<br /> relnted mortguge loan may require for$orrower's escrow account under the federaf Rcal Estate Settlement Procedures Act of
<br /> 1974 as amendcd from tirne to time, 12 U.S.C. Section 2601 et seq. ("RESPA"), unlcss anothcr law that applics to tl�c Funds
<br /> sets a lesscr amount. If so, Lcnder may, at any time, collect nnd I�old Funds in an amount not to exceed the Icsser umount.
<br /> Lender may estimate the :imount of Funds due on the basis of currcnt dat� and reasonablc estimatcs of expenditures of fu:ure
<br /> Escrow Items or otherwise in nccordance with applicable la�v.
<br /> NEBRASKA•�inglo FornllyFennls lNee/Freddie Mao UNIFORM INSTRUMHNT Form 3028 9190
<br />. �NI 12T97 Ml"� VMP MOflTGAGE FURMS 13131297 0100•IBOOIGII 7481 Papa+1 0l 4 :� F Amended G/91
<br />
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