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<br /> State oi Nebraskw DEED OF 7RUST 321-1837899- �
<br /> �
<br /> THIS DEEQ OF TAUST ("Security I,istrumenl')Is mudo on Decembe� Bth _ 19gG �
<br /> The trustor Is .lose C. l�vila and Raynalda Avila Husband and Wife _._----
<br /> ("Bo�roweP).
<br /> The trustee is Commereial Focieral Bank, A Federal Savin,c�s Banic �°'rrus�oa��)
<br /> The beneficiary�s The Overland National Bank of Gra�d Island ----�
<br /> �vhich Is organized and oxistlr.g under ihe laws ef The Ultifed ..�atAtes ot Americo , and whoso address is
<br /> 304 Wost Thl►d Street Grand Island. NE 68801 ("Lender").
<br /> 8ortower owes Lender tha pdnclpal sum ot Fortv F(ve Thousand and 00/100 - `
<br /> pollors (U.S.5�L5,OOO.QO_.___�. This debt Is evidencQd by Borrower's note
<br /> dated tho same date ac thts Security Instrument ("Note"), whlch provldes for monthiy payments, with lhe fuli debt, if not patd
<br /> earlier, duo and payabte on �Ia�t\11AN � 2027 . This Secutity Instrument secures to Lendnr: (a) the repayment
<br /> ot the debt Avidenced by th�Nnta, �Hilh Interest,end all renewnls, oxtenslons end modificatlons oi the Note; (b) tho payment of
<br /> ail other sums, wiih interest, ndvanced under paragraph 6 to protect the secunry ot thts Securiry insirw��rni, a��u (c) i�s
<br /> pe�fortnenco ot Bortower's covenants and agreements under thls Security Instrument and the Note. For this purpase. Borrower
<br /> IrtevocabH grents and com�Cys to Trustee, in trust, wlth po►ver ot sala, tho following described property looated in
<br /> ���� Counry; Nebraska:
<br /> L�+t �lgh! (8), in Block'3�hree(3), In South Girand Islatid. City o! Cirand Islorsd, Hatl County.
<br /> ' ' Nebraska
<br /> whlch has the Adc��oss ot 703 South Sycamore St Grand fsland,
<br /> (suc�t] �a,y�,
<br /> NebrOSka __,__ 68801 ('Property Address");
<br /> (Staro) [tip coau�
<br /> TOGETHER WITH aft �the fmprovements now or hereafter erected on tho property, and all easements, eppurtenances, and
<br /> fixlures now or heresfter a p�ri of the property. All replacements and additlons shall be covered by thls Securiry Instniment. All
<br /> of tho forogoing is raterred to In this Security Instrument as tho'Property'.
<br /> BORROWER COVENAN7S that Borrower Is lawfully selzed of the ostato hereby conveyed and has tho �ight to grant and
<br /> convey the Properry and thpi the PrapeAy Is unencum6ored, excopt tor encumbronces of record. Borrower warrants and will
<br /> de4end generally tho title to the Property agafnst all clalms and do:nands,subJec!to any encumbrances of rocord.
<br /> 7HI8 SECURITY INSTRUMENT comhlnes unitorm covenAnte for natlonal uso and non-urdform covenants witt� Iimited
<br />_ variatlons by JudsdicUon 4o constRute a unf!arm oecurity Instrument covedng real property.
<br />— Borrower c�nd lender covennnt nnd ngruo as tollows:
<br />= UNIFORM COVENAN'f5.
<br />° 1. Payment of Princlpal,Interest and Late Charge. Borrower shali pey when due the principal of, and Interesl
<br /> on,the debt ev►denced by the Noto und Ia4e charges duv under tho Note.
<br />— 2. Monthly Pavment of Taxes, Insuranoe� and Other Charges. eonower shall include in each montt,iy
<br /> pnyment, together v�!th lho princlpal nnd Inte�•cst ns Qot IoHh In tha Nuto ond uny Iato charqQS, o sum tor (a) tnxes pna speciai
<br />� assesaments loviad or to bo lovfed ugainst the Propeny. (b) leuschuld puyments or ground rents on thcr Property. and (c)
<br /> — premlums tor Insumnco requlred un�er Paragraph 4. In any year In which tho Lender must pny a mortgage fnsurance premhim to
<br /> — tho Sacrotary ot tiousing and Urban Dovelopment ('Ser,rotary'). or in any year in which such premlum would havo been reyufred
<br /> it Lendar stfll held the Security Instrument. each monihly payment shall ulso include either. (i) o sum lor lhe annu�l morigaye
<br /> Insurancu prem!um to be pafd by Lender to the Socretary, or (il) a monthly chargo histead ot u mortgaye fnsurance premfum il
<br /> = thls Security Instrument Is held by lhe Secretnry. in a reasonnble amount to hu determined by the Sacrclary. Except for tho
<br />,`_� monthry chargo by tho 3ecretary, these ftems ure callod 'Escrow Items" and the sums paid lo Lender are called 'Escrow
<br />.� Funds'
<br />�"� F5tl7l.LM(1 1`!I`3b1 V'J f� i UI�
<br /> �c
<br /> � 96177
<br />
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