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� � �-- __ . _ ..� _ . - - ��-�•�,- _ — � � � :: �•�_ . . . l ` --_____ _--�-- - _-•.�_ .,�,w��lir4�tn_�"�- +a�r+_c.. � � � ..__...._._ --- — - .. . _.._ .. . .�,,,.. _:a',�_.. _. . �il1.�_.�i�l��li�s.._.-,�� _ __ _ ___——__ _ _ _ _ __ � - -- - _T ^ —. r Y � � y"r1 t:i � . � •r tl � � !� C? V� ." . � f'1 � ' '� � � s � : i. p � :Q n � �.�.^ � � Q � �;+ � � � ) :,� s "t o � °: _ ...i n� o � � `� � r `�" t `1 � S n ~ c�-1 � 4 � � m � � r x� Q � _ � b m o 3 r n SD '� tn N ''• 0 � N � N } � W � N ~v ~ O v' � � N � (Sp�ce Abo�•e 7Uis Uae Fcr R�cadi�Q�w] � 1�/�LL 3��990- 6�7 �'�;��'f;�jj.��:cr;��:Jw�,� B�EI� OF TRUST �� A�-,:::��.;....��.:�,�:::� a�� THIS DEED C�3'�US'��"5ecurity Instrument") is made on November 4, 1996 .Tt�c ws:or is Donald Leon Val�liic and Donna Ray Valalik, Husband and Wife • ("Borrower")•The tnut�e is Norveot Baak �lebraska. National Association ('Tiustoe"). The bcueficiary is No:xe�t Bank Nebra�ska, Nationa� Assoc3ation which is orgaoized and existirtg us�der the l�ws of the United States of America •�w� �ddres+is 202 iTest Third Street, Grand Island. NE 688Q1. ('Lendet").8orcower owes L,ender tbe priac�►�1 sum of Thirty one thousaae� six hundred sixty one and 151100-�llus tU.S.S 31,661.15 �• This debt is evidea�.�od by Barrower's note dated the s�me date as t:�.s Sxurity Iactrument('I�ate"�.wdich provides for �wnthlY p�Yments•azch the ful!dkbt,if not ptid earlier.due wd payabte �a March 2, 2005 • ';'hic Saauitv Iust�wt�au sa.vt+es tu�Le�der:(a}the rep,aymecu o�t'x debt e�-i�enced by the Note. with interest,aad a!1 rexwals. -- eattetzsia-is �ud nwdiflc�titms cf E�e�Noit:(b) the payme�t of aIl osBet svass. witA ituerest. �unda' pu�ryx� i iu -- protect the security of t3is Sra�rity Insttument: ancl (e)the perform.r�cx of Borrower's covenanu and agreemerus. For this p�pose� gorrower irrc�;oc�bly grants aad oonveys to Trustee, in trust,wr6t�n powu of sale,the foUowing described proparty lorated in g�l CountY.Nebsaska: The �esterly 12.37 feet of Lot.6 and the Easterly 61.63 £set of Lot 7, Block 11, Psrkhill T'hird Subdivision, Citq of G�rand Island. Hall County, Hebraeka. • Wh��°f 2503 ti1. Phoeaix, Grand Zsland ��C�� Nebrasica 68803 t'�rtY Address"): [Z�v�l TOGETHER WITH�li the improvemenu now or hereafter erected oci the Property.and all ea.seaxnts.apputiten�nces,�nd fixssc�es now or lureafw a part of the pmperty. N11 rePlxements and additions shall also be covered by this Security Iast�ment. AII of the fongoing is rcferred to in this Security Lutrum�nt as the"PropatY•� BORItOWEic COVENANTS that Bomowu is lawfWly seised of the est�te haeby crnrvryal and has the right to gr�nt�od wnvey the Prope.-ty and that t1�e PropertY is unencumbered. exapt for encumbrances of record. Borrower warrants ud will defend generally the tide to the Property �ga+nst�ll claims and demands.stibject to any encumbr�x�es of rerard. 'IWS SECURI'i'Y INSTRUMENT' wmbines uniform cav�runss fer cuoaal use and non-uniform oovuuuus with limited �• vu�iations by jurisd'ution to constitute a uniform security itutrument wvering rral prvpery. • <. UNIFORM COVENANTS.Borrower and Lender coveaant and agree as follows: 1. P�ymeot of Priucipa� and Intaat: Prepp►Ymeat sod I.ate Charges. Sorrower shalt PromptlY PaY Wlur�due the . priaci of and interest on the debt evidenoad by the Noce�nd any prcp�yrtfent and late charges due und�r the Ncxe. �Fuads for T�xes and Iusursn��e. Subjecc to applicable law or to a written waiver by Lender. Borrower shall pay to Lender on the day monthlY paYments are due under the Note.until.ttie Note is paid in full.a sum("Funds")for: (�)yeuly tazes �nci asussrnents which rr�y sttain priority over this Security Instrument as a lien on the Property;(b)yeuly leaselwld payments or grau�d nnts on the Property, if�ny; (c)yearly hazard or property insurince premiums;(d)yarly flood inwr�ce pamiums. if any: (e) yeuly moRgage inwrano�premiums.if any:and(��ny sums P�yable by Borrower to l.endtt. in xoordance with ` the provisions of paragriph S,in liw nf the payment of mortgage inwru�oe premiumc.These itemc are called 'Eserow Itemc.' Lcnder may,at any time, coilect and hold Funds in an atrwunt not to excced thc maximum a�raunt a lender for a fedenlly relatal cnortg�ge lou� may require for�orrower s escrow accoutu under the federal Real Estate Settlement Procedures Act of 1974 as ameaded from time to time. 12 U.S.C.Section 2601 et seg. ('RESPA"),unless anwher law that a�{ies to the Funds sets �lesser utwunt. if so, Lender may,at any time.collece and hold Funds in an amount not to exceed the lesser unount. I,ender rr�y estimate the amount of Funds due on the bas3s of curr�nt d�ta and r°.aconable estia�trs of expcnditures of fumre Escmw Iums or otherwise in xcordanc;e�e with applicable law. NEBitASKA-Sinp��FamilY-Fan�Ma�lk�ddi�Mac UNIFORM MiSTRUMENT Forw�3028 9190 � �MI 12T�711ATG VYV LA011TWGE iW1Mtt•1313i7L3�100��i00i521J797 0.0.�a• . Awwnd�d 6l91 � • ; .