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<br /> � THIS DEED OF TRUST("Security Is�ent")is made on January 21, 1997 .Ttte tzustor is - - , �.�''. -
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<br /> � fi� 9ILI. A. MITCHIISSON AND RAY R. MITCHIISSON, Huaband and Wife �,�c �'�" --
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<br /> ..�� ("Borrower").'Ehe rivstee is NORWEST BANK NEBRASRA, NATIO�Z ASSOCIATION �ti': . �`3` _: '
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<br /> ("Tmstee").7'hebeneftciaryis NORWEST BANR NEBRASRA, NATION�I. ASSOCIATION 4� ,: °�. �
<br /> . which is organized and existing under the laws of the IInited States of America .and whose :-• �:: �. `. � ;.,`'•�>r
<br /> � '. ���s 202 West Third Street, Grand Island, NE 68801 ,�`,_:: :�.`.'� _:'
<br /> : ("I.ender').Borrower owc�t�der the principal sum of 2 ,;,�•,-:.:z�,;r r� :.
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<br /> o� ____�Dollars{U.S.� �.�4: 'i'`.: `-
<br /> OD1E HIINDRED TWENTY-EIGHT THOIISAND AND I��,100 1Z�,000.00 �• •�•` '�'
<br />'�°;. This de6t is evidcnced by Borrower's rcote dated the same date as �.is Securiry Inshvment!"�'axz").whichprovides fu� f:=�� ,
<br />. . ��= monthly payme�ts,with the full debt,if not paid earlier.due and pay�:��s Tn April 30, 1997 . - •. .,��; ���-
<br /> , Tbis�urity Yastrument secures W Lender:(a)the npayment of the debt evidenced by the Note.with interest.aa�w:3 renewals, ,�;......:•r.. Q,,
<br /> exr���ns and modificarions of the Note: (b)the payment of all other s�ims, with interest, advanc�ed under��,.�aph 7 W :=�.�;,';
<br /> protect the securiry of this Security Insuument; and (c)the performance of Borrower's covenants and agreenne�s. For this �= � �'-
<br /> � , puipose, Bosrower imevocably g�ants and ccnveys to Trustee,in dust, R;th potiver of sale. the following desrnbed pmperty 'o'�%"�::�;�`=__:;:
<br /> • located in Hall Coattry.Nebraslca: � '�'�—-
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<br /> Lot Thirty—Two (32), Jeffrey Oaks Thir�l 5-�bdivision, in the City of Grand Is7.��3i., Hall • ;�• �-�•. ' 3��-_��"-`
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<br /> � Cou�ty, Nebraska� �i�C`�:��'° ------- ' _-
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<br /> Isnee�Ciryl. �Y�--•-�-�-�—_�.: -
<br /> � W/hich ha�the address af 4005 Norseman Ave., 6rand Ieland, ;�:,'.""�"^ • ���--
<br /> ` h'c��^�+.�aka 68803 ("Property Address"): � ., . . �;�;�. .�
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<br /> • • TO(3ETHER WITH ap the improvements now or hemafter erected on the property,and all easements,appunenances.and _ -:-:�- �,�
<br /> . fixtures now er hereafter a part of the property. All nplacements �*�d additions shall also be covered by this Security r "'
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<br /> � Instn:tsent.A.[C cE�he faregoing is referred to in this Secwity Instrumer.t as the "Property." �af'!"���'•--
<br /> , ChIIZItt3CF:L3 COVENANTS that Barrower is lawfully seised of the estate hereby conveyed and has the risht to grant and �;���-:._
<br /> car�:�r�.�c:.,_Prote:ty and that d1c:Property is unencumbe�eJ,except for encumbtances of record. Bormwer warcanu and will �,:,�'r
<br /> � defsn;�eneraliy r�4s tide to the I�operty against all claims�:nd demands,subject to any encumbr�tces of record. s�yj;'� . �,��;�*t''
<br /> THIS S�L:3ITY INSTRUMENI'car,����.^_es u�iform covenants for narional use and non-uniform covenants with li�nited ��t�;%.. •
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<br /> :tt ��� variatians by sac:sdiction to constitute a ur.:��r�n seeurity instrument covering real property. �� .;�9;,��.:_
<br /> UIVIFORM COVENANTS.Borrower�.a�l.ender cvvenant and agree as follows: i�;�si+��- ��
<br /> ;�;- � : �. Payment of Principal and Interest; Peepa3�R� and Late Charge9. Boaower shall promptly pay witen due the - : — •-
<br /> p-ir�,inal of znd interest on the debt evidenced by the Note nnd any prepayment and late charges due under the h�.:. �r"���"""
<br /> ''� 2. Fu�?�.s�or Taxes and Insurance. SLb'ect to a Iicdbte law or to a written waiver b Lender.Borrower shall to ��"`""' r�s�;�.�T_i -�
<br /> ;��; J PP Y PaY • �.i�`•::,
<br /> ' Ler_der on tf_e��y montlily payments are du�o:ndsr the Note.unul the No*.e is paid in full,a sum("Funds")for:(a)yearly taxes ' : •�`�'��f�:.•� ••. �:-.
<br />'S�� a.-id assessments which ma attain riorit over this Securi Instrument as a lien on the Pro rt • b)yearl leasehold a mea� .�°°"""�Fiti;k,�., •
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<br />:,;;� or.3round rents on the Property. if any:(c)Yearly hazard o*Pmperiy insurance premiums;(d)Yearly flood insurance premiums. ���>:„�>�=;�_�ro,n�:;�.
<br /> . if��y:(e)yearly mortgage insurance premiums, if any: and(�any sums payable by Borrower to Lender. in accordancc with � ' •_�--
<br /> .... ., , ; �.-:-�. , . .
<br />� • the provisions of ptuagraph 8, in lieu of the payment of mortgage�nsutance premiums.These items are called"Fscrow Items." ••
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<br /> ��'• Lender rriay, at any dime,coilect and hold Funds in an stmount not to exceed the maximum amonnt a lender for a federally � � ' ` —
<br /> ��''� related mon a e loan ma uire for Borrower's escrow account under the federal Real Estate Setttement Procedures Act of ' -tl��'r=_-
<br />';y:� g g Y�1 \• ���-.�•,z;,�•••.. �
<br /> 1974 as amended from time to time. 12 U.S.C. Section 2601 et seq. ("RE5PA"),unless another Iaw that applies to the Funds ' . �
<br />' ' sets a lesse►amount. If so, Lender may, at any time, coilect and hold Funds in an amount not to exceed the lesser amount. , . � � �'���
<br /> Lender may estimate the amount of Funds due on the basis of current data:u�d reasonable estimates of expenditures of future � • -
<br /> Escrow Items or othenvise in accordance with applirable law. � ' - -
<br /> ' �_.
<br /> NEBAASKA-Singto Famity-Fannie MaelFroddio Mae UNIFORM INSTRUMENT Form 3028 9/90 ' �
<br /> �(�j)�nJ7�Q VMP MOATpAGE FpRMS �373R93�8100 ISOD�52�739t Pago t of 4 � �, 'Amp�d�d 5/9� T , ' . ' .___
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