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<br /> ',G; i��S�E7�`'�," 7�iU.�tii`1�.�..:U.:.u�l� DEED OF T1��JST ��`
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<br /> � .The truswr is ����
<br /> THIS DEED OF i"t.UST("S�ty instruereat")�s made on OCTOBER 4, 1996 _
<br /> DAN J GRAY AND iT3ERESA GRAY, HUSBAND AND WITE �-� __
<br /> ' �:��;--,.
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<br /> .�=: ("Borrower").Thetrusteeis NORWEST �L�T1.4 NEBRASRA, NATIONAL ASSOCIATION ���:'�"°�"_
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<br /> ��M.
<br /> ' ("T'��"}.Thebeneficiaryis j`���ST BANR NEBRASRAs NATIONAL ASSOCIATION � _—==-b=:-"`-__
<br /> �an3 e��ose �"'z�%i;�
<br /> which is organized asr,1�'�stinD�der ttie laws of THE IINITED STATES OP AMERICA �•'T:y'•wJ-_'
<br /> addressis 340� ��Sy 23th STREE� GRAND ISLAND�nderB.BorrowerowesBLendertheprincipsis.�mof �+�tY
<br /> s.
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<br /> TSIftTY THOUSAND F07J�t HONDRED FORTY EIGHT AND 23�1�A�N•S•$ **30,448.23�� �• ..-
<br /> This debt is evidencea by Borr�wer's note daz..�d the same date as this Security Instrument("Note").which prm-edxs for �,F
<br />_`;�;:,�' montlily payments,uitn RAe fut!d�:.if not�earlier,due and payable on OCTOBER 15, 2401� • ,.._
<br /> This gecurity Instrumrnt secures xo�r�nder:(a)the repayment of the debt evidenced by the Note,with int¢rest.and a11 ren:wats, • :,��+'
<br /> extensian3 and mndif�cations of zlar �iote: (b) che payment of al! athcr sums. witb interest, advt�nced under parugrr� �r:;,..,
<br /> �,—..fM,_.,,
<br /> _ protect the security af this Security Instn�ment; and(c) the performance of Borrower's covenants and agreemenu. For this ,r�,�,.
<br /> • pwpose, Borrower irrevocably �ants and conveys to Tn�ste�, ia uust. with power of sale.the following described prapertY �
<br /> . , ') larated in HALL Connry.Nebrasua: ��*_°
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<br /> �� THE WEST 48.8 FEET OF LOT 2, BLOCK 42, RIISSEL WHEELER'S ' t;�
<br /> ;. �(� ADDITION, CIT� �B GRAND ISLAND, HALL COIINTY, NEBRASRA '' �
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<br /> which has the address v` 249 iIEST 12C'h GRAND ISLAI3D lsveei.Cuy�.
<br /> � Nebraska 68803 ("PraPerty Address"); � •
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<br /> ; TO(',E'('HER�V�'�'Il�l all the improvements novi or hereafter erected on thr property.and all easements.appurtenanoes.and ��;.�:.`
<br /> � `� fiatnres now or h.�c.:�f"�� a part of the pro��ty. All replacements and add�tions stiall also be oovered by this Securiry J��:r
<br />' ' �!! Tnstrument.All of t�x i.�:r�=�'�i.3�eferred to ir.t3vs Security Instrument as the"Property." � `
<br /> ����r��:-
<br />. �� L'�JRROW6R COVEtiA°l'II'a iJrrt Bor:�-«ev is lawfiilly seised of the estate hereby oonveyed and has the rigFi:w grant and �t.r,;;:;
<br /> •' conv�a d�s Property and th:t c�.'r=�t+:;ert3+ y3 unencumben�d. eacept for encumbrances of record. Bonower.ra�ru:=.s and will �.;;,,_,
<br />� � defend generally t}e ti*_'e to the c'?�•_rerry agair.st all claims and demands.subject to any enenmbrarcces of c000rd. ,
<br /> ' TMS SECVIxcI!1'Y'INSTRUMENT cmnbi��s uniform covenants for national use and non-uniform covertanu�r:th limited �;:
<br /> '�:i variations by jur.�i:ex�ra�to constitute a unifo:�security instrament covering real property. ----�.
<br /> UNIFORM Cti'-�LNANTS.Borrower and L.ender covenant artd agee as follows: �s 9
<br /> � . ' l. I'ayment af Princi� a.ad Intesest: PrepaymenS ar+d Late Char(;es. Borrov�er shall promptly pay when due ths �_��
<br /> ; principal of and interest on che�t evidenced by the Note and any prepayment and late charges due under the Note.
<br /> � 2.Funds tor Taxes and livairance. Subject to applicable!aw or to a written waiver by Lender. Borrower shall pay to �;
<br /> � ' Lender on the day monthly payments are due under the Note,until the Note is paid in full,a sum("Funds")for:(a)yearly taxes �,-,,.,w, _
<br /> � �;, and assessments which►nay attain prioriry ove�this Security Instiument as a lien on the Properry:Ib)yearty teasehold payments �_A—
<br /> � � or ground rents on the Praperty,if any:(c)yearly tia7ard or property insurance pmmiums;(d)yearly flood insurance Prem�ums• �T,
<br /> . if any:(e)yearly mortgage insurance premiums. �f any:and(f1 any sums payable by Borrower to Lender, in acoordance with �^;�_�.:
<br /> - the provisions of paragrsph 8, in lieu of the payment of mortgage insuranoe premiums.These items are called"Escro�v Items." ��,
<br /> ' Lender may. at any time, coltect and hold Funds in an amount not to exoeed the mvcimum amount a lender for a federally '- `-
<br /> related mortgage loan may requi�e for Barro�ver's escrnw account under the federal Real Estate Settlement Pracedures Act of
<br /> 1974 as amended from time to time. IZ U.S.C. Section 26(11 et seq. ("RESPA").untess another la�v that applies to the Funds '�
<br />' . . sets a lesser amount. lf so. I.ender may. at any time, collect and hold Funds in an amoun[ nat to excexd the lesser amoant. �'-__
<br /> Lender may estimate the amount of Funds due on the basis of curreat data and rcasanable estimates of expenditures of future
<br /> — E;.^s�:v Itescas�*othe*�+riv�in arrnrdance with agplicable law. -. _
<br /> � NEBRASItA-Singto FomilV•isnnie Mae/Fred4)e Mac UNIFOAM INSTRUMENT Form 3U28 9l80 ,
<br /> (�j NI 92T97 hTTO VIAP�110R7GPGE�OAtAS �313�293 B1pp �800i511 7291 Ceye�a�4 . • � �A,mended 6l91 •� ,
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