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<br /> I THIS DBIID OF TRUST is mada thie� da,y of ���n� �'Z , 194�� emong ►ha Tcustor, ;
<br /> MIC1iAEL R. SCHJICHTA _(hcnt�"Borrowcr"), � .
<br /> Greqorv H. Perrv NSAA #t17775 (lu;sc,l,��"Austea"),and the Beneflciary� ELITE EXTfiR20RS
<br /> - �°'� n .�xastca Carporation
<br /> "' whcr.nnddrossis 3540 G'LEVEI�AND AVE. SUITE 1
<br /> LINCOIN, NE 6850� (heroin"Lender"). ' � `
<br /> BORROWER,in considesadon of tha iredebtedae�s he�ain recited und the tiust henin cieated,urevocably grei►ts end conveys to ':+ •'�,r��.
<br /> 'Itu:�tec,in trust,with power oFsale,tha follawing descriM:d p.r�geny locnLed in Ihe Counry of �L ,Stute ����:::;-
<br /> �1:R
<br /> of Nebraska: =
<br /> , � I,OT TEN �,_-�._
<br /> IId BI�DCtt SI7� ! F,
<br /> . � IN BOGGS AND HIIrT�'5 ADDITION TO Ti�IIE '�"='�
<br /> � � CITY OF GPAND ISLAND �'�
<br /> HALL COUNTY STATE OF NEBR�SI{A .��
<br /> =. � whkhhasthenddressof 183U W llth AVE GRAND ISLAND. NE -'=�`i
<br /> �. ,� (street) (city) �`"''
<br /> � 68803 ��_-
<br /> Nelxaska (herein"Propaty Ad�sc�"):
<br /> (�P��)
<br /> �._
<br /> 'POGETHBR with all tho improvements now or heneailea erected on the property,and all easements,dghts,ep�w�tenen�a and ��
<br /> `� : nnu(subject however to the eights and authoridGC giiven h�xoln ta Lendt�ro calkct and apply snch rents),all of which shsll be damed --
<br /> �' to Ue and remain a part of the property covered by this Deed of'[tvst;and ell of the forcgoing,wgetber with seid proQaty(a tne IeaseholA
<br /> cstat�if this Dced of Tn�st is on a kaschold)nro ixreina€ttr refe�rad to as the"Propeity";
<br /> �': � 'PO SBCURB w Lend�r o rcpayment of thc indebtedr�r,�s evidenced by an FHA Titk I --
<br /> Propt�ty Impeovement L.aen/�etail
<br /> ,.� InstallmentConaactdated �C��(,Z- 1St 1�9�0 aq►:lextensfonsandnnowalstherwf(henein"Note").inth�epr�nC��laum
<br /> .:,' of***SFVEN THOUSAND '1Wi0 HUNDRED DOLI,AR3 EV�Na*+► U.S. S*+tw�r2UU.� *with
<br /> � •� , intuest thczoon.providing for monthly instnllmenta of prirac��al untt Inte�rst,with the batance of t1w indebtedne�.if not�aona p�id dua
<br /> and payabla on or about ti 2C�months from tho above dat0.the payment of ell oiher sums,with interest theroon,�dvu�ced In aocadance
<br /> K � hettiwith to protect the secutityof thls Dcecf of 7Y�ust;and�he�►esfimnnnce ottteeoavenanta nnt!e�retment�of�atro�here4n cexttstined.
<br /> � Borrower covenants that Borrower is iawfully seizeti of tho estate hereby convcycd and has the rigl�t to gcant and wnvey thc
<br />�.;: Property,andthatthePcopertyisunencumbered.exceptfare�curn6rancesofrecord.BamowereoveaantsthatIIocrovuawarrantsandwill
<br />:;, dtfend genually the dda W tho Property ngainst nil clairr�s sud drsnands.subject to encumbrances of recad.
<br /> ��� � ;: .;, UNmoRns Covexwxrs. Borrower und I,enAer covcntnt a�v.+l agree as follows: -
<br /> -�,� .. ", �. ;t�':` 1.PaymentofPrincfpalandInterest. Borrovresshallp.rompdypaywhenduetheprincipalandin;crestindebtednesseridcn�ed
<br />--, �i�-..- '��` � Sy the Note snd lato cht►rg�s as pmvided in tho Noto. "
<br />- �. 2. [�ndc tor T�xes and InsurA�nca Subjcct tn ap��licabla law or a wriaen waiva by Lender,Bomowa sh�ll pay to Lender on
<br />' - thedaymonthlypaymcntsandintcrestarepaynbinundertt,eNoto.undltheNoteispaidfnf�ill,asum(haejn"Funds")eqnaltoone-tweltth �
<br />�3..• of the yeariy macs mid ossessmrnts(including condomini�.m and niannW unit developmentassessmex�t�.ilFeny)whichmayattei�pdaity
<br />= _ ova this DoeA of Tmst,andground rents on tho Property.if�u�y.p1c;s on�twelflh of the yeady premium insteilments faheza�d inwru�ce,
<br /> -Y �,� , pius one-twoltth of yearly premi�rn instaltments fa rreat�aa�insucnnce.if any.all as reasonably esdmatsd InitIslly and firom time to dmo
<br />_==�°;�:,���-�� ' by Lender on the basis of a�scssmcnts and bills and reason3b'e esdmaus thueof.Barrower shall not ba obllgatod to makeeuch payments
<br />����r.y � of Funds to Lender W thC excent ttiat Borrower make�suct►p��ymestts to the holder of a prior mortgaga or dad or wstif such lwldrr ts�n
<br />�:: ,;' �; . iasdtutionalle�der, '
<br /> If Bortowtr pays Funds to Lender,the Funds sh�ll be held i��n insdh�tion the deposits o�accounts of w6ich ace insurod or
<br />_ gutuanteed by a federai or st�tu ng�cy(including Ltndnr nf E2ntber is such en insdd�tion). Lender shall apply theFunds to pay said taxes, - -
<br /> . . mssossments,insurunce premiums and�rour�d�nta.Lenul:rc�ay not charge for so holding and applying tho runds,annlyzing seid scc�unt
<br />; orverifyingnndcompil3ngsuidassessrrtcntsnndbills.unle;ssl�ndeapaysBorrowerint�restontheFundsendapplkablalawpamitsLender _
<br /> � to make such a c6arge.Sorrorrer and Lencler may aQroe ire wridn�as me time of ex�cution of this Deed af Trust tluit interest on the FS�nds �-_--.
<br /> � shallbepaidtoBorrow�r.andunlssssuchagneementisrc�dxorApplicab2elawrequiressachinteresttobopaid,Lendershallnotberequired ``���-,�,r
<br /> ' ~ io a Borro�ver an interest or eumin on tho Fund�.I,radts shall ve to Boirower,arithout clucr�e,an annw�l aGCOUritin of the fi�nds ���"���
<br /> � P Y Y 89 8� 8 ;�:!,�:r_..
<br />��" , � g showtngcreditsanddebitstothofundsandthepurposafmw{•:chaachsuchdebittotheFandswasmsde.Ttiefund�aneplodgalai�ddldonal "'':';;�{�;;
<br /> �'�}'�i security for the sums socurod by this Deed of Trusc. H'';�`+iti,.
<br /> :f�.:t., MJ��
<br /> - '"• if rlev e�mnunt nf th�F�mrle lunld hv i nnrtpr rncnttmr�virh t}u+6tt»re m�thlv inct�llmRntc nf 5:neda navahln minr te thr:r]nr.tlstra "����-�'?x
<br /> _-%-- �-'�:-�- -----—•-----° -•----,..----.--•----•--�____ ..-°---°------°---. ---°--•--------�—.----:---------------- .. .____,_
<br /> of taxcs,asscssmcnts.insurArtco rcmiums and und rents,shall excced thc amount uired to a such ta�ccs,a�sessments,insurance `� ''r`'
<br /> P B� �9 P Y i. '.
<br /> � prranjums nnd ground rents as they fnll daa,such exccas shall Uc,nt Borrower's option,either prompUy rep�d to Bortower or credited to
<br /> ' 42onnwar on monthly installments of Ftmds. If thc ama•unt of the Funds hcld Uy Lendcr stiall not be sufticteni to pay ta�ccs,ussessments, �
<br /> ,. ' ins�rance premiums and gound rents as t1�ey fall due,aariov�er sl�all pay ro Lcnder any�unount nccessary to make up thc deficiency in
<br /> nne or more payments as I.ender muy mquire.
<br /> � ' Upon payment in full of xll sums socured by A�i�s Decd of Trust.Lertder shall pinmpdy refund to Borrower any Fhnds held by
<br /> Lender. If.undcr paragruph 17 hereof thc Property is sa!6 or the Property is otherwise ncquircd by Lenrlcr,Lender shall npply,ra later .
<br /> � than tmmediatelypdorto d�e sale of the Property oeits acquiaitimn by Lender,nny Funds heldby Lenderai the timeof applicadon os acnedit
<br /> - . uguinst the sums securod by this Dced of Tnist.
<br />-_ . 3. Applfcntion of Ppymente. Unless appl.icable law provides othenvise.all puymenu receivcd by Lcnder undcr thc Nuta and '
<br /> p�rn�rnphs 1 and 2 heroof shall be npplicd by Lcndcr f�3t in payment of amounts Rayable toLendcr by Borrower underpur�graph 2 hereof,
<br /> B11C 1-t1�W INF•fll�tll�I.pUw IL+�n•11�1
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