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<br /> �. DEED OF TRUST �
<br /> A ( ty
<br /> ts TERRY L VRZAL ANDS NANGY t VRnZALg H USBAND AND IFE 26t 19 . 7he trustor
<br /> ("Bonower").
<br /> � The tru;,tee is UN TED PIEBRASKA BANK 700 N WEBB ROAD RAND 15LAND EBRASKA 68803 �„TNStee").
<br /> The benetkary �s UNITED NEBRAS BA K NEBRA KA ,and whose address = -
<br /> whbh is orgaNzed and extsting under the laws of ("Lender").
<br /> • is 700 N.W�BB RD. GRAND ISLAND NE 68803 _ —.
<br /> � Borrower owes Lender the princlpal sum of Ixty Five Thousand Two Hundre and 00/100
<br /> r . Oollars(U.S.3 85,200.00). This debt Is evidenCed by Borrowers note dated tha
<br /> +- same date as this Securtty Instrument ('NOte'), which provides for monthty payments, wkh the tull debt. H not pa�d earlsr, due and
<br /> payab�e on February t. 2003 . This Security Inswment secures to Lender: (a)the repayment of the debt evidenced
<br /> L by the Note, wfth Mterest,and ail renewals, eMensbns and modHlcattans of the Note; (b) the payment of ell other sums,wkh tnterest, _
<br /> F�_, advanced under paragraph 7 to protec:t the security of thls Secur�y Instrument; and (c)the pertormance of Borrower's Covenants and
<br /> - �� agreements. For this purpose,Borrowet Ircevocably grants end Conveys to Trustee, in trust,wkh power of 581e,the following desCribed
<br /> �' proporty located In HALL County,Nebraska:
<br /> PARCEL 1: LOT NINETEEN (19), ISLAND ACFtES NUMBER SIX (8),A FiEPLAT OF LOTS NINETEEN (19) AND TWENTY (20), ISLAND
<br /> ACRES, CITY OP GRAND ISLAND, HALL COUNTY,NEBpASKA. PARCEL 2: PART OF LOT ONE (1), ISLAND ACRES
<br /> X ' NUMBER ELEVEN (11), IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA,MORE PARTICULARLY DESCRIBED AS �
<br /> 1 FOLLOWS: BEGINNING AT THE SOUTHEAST CORNER OF LOT ONE (1), ISLAND ACRES NUMBER ELEVEN (11),THENCE _ — --
<br /> �+ I WESTERLY 32 FEET ALONG AND UPON THE SOUTH LiNE OF LOT ONE (1),ISLAND ACRES NUMBER ELEVEN (11).THENCE __
<br /> s NORTHERLY PARALLEL TO THE EAST LINE OF LOT ONE (1),ISLAND ACRES NUMBER ELEVEN(11),A DISTANCE OF 162.03'; �+`•'__ _
<br /> 1 THENCE EASTERLY PARALLEL TO THE SOUTH LINE OF LOT ONE(1),ISLAND ACRES NUMBER ELEVEN(11),A DISTANCE OF 32', -
<br /> _ ' ' THENCE SOUTHERLY ALONG ANO UPON THE EAS7 LINE OF LOT ONE(i),ISIAND ACRES NUMBER ELEVEN (11),A OISV7'ANCE s�'�_ _
<br /> �� OF 152.03'TO THE POINT OF BEGINNING. ' _—
<br /> -�e�_.�.�^ ..
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<br /> wh�ch nas�ne address ot 3214 W 1bTH ST . GRAND ISLAND � . /����,.
<br /> . I 81rN1 GIY . .
<br /> ° Nebraska 68803 ("Property Address"): �r ; ���,`�`r .
<br /> Z�D COCO
<br /> - TOGETHER WITH all improvements now or hereaker erecled on the property,antl ali 5asements,appurtenanCes, and fbctures now
<br />- � or hereatler a part of the property. Ail replacements and adddlons shaA be covered by this Sacurlry In6trument. Ah o�the foregofng IS ••
<br />- reterred to in this SeCUrity Instrument aS the "Property."
<br /> BORROWER COV�NANTS that Bortower Is lawtully selsed ol ihe estate hereby Conveyed a�id hes the rfght to grant and convey
<br /> � thA Property and that the Property is unenoumbered, except �or encumbrances of record. BoROwer warrants and wlil defend generally
<br /> the td�e to the Proporty against all claims and demands,subJect to any encumbrances of record.
<br /> - THIS SECURI7Y INSTRUMENT combines uniform covenents lor national use and non-uniform covenants with Iimited variations by
<br /> -, �uriSd�ctfon to const�tute a vniform security instrument covering real property. I
<br /> ._. . -- -•••••-- - .�.--'-- --�•----._..a.....,..o� �..u.,,..e• L_.
<br /> ' UNIhUIiM C.uvtti�+rviJ. oVtwwei mw �n��uo� w•o�.o��.o......v--__ ._.._.._ -- .---_---.-..
<br /> - 1. Payment of Princfpal and Interest; Prepeyment and Late Charges. Borrower shall promptly pay when due
<br /> lhe pr�ncipal ot and mterest on the debt evidenCed by the Nole tf�d eny prepayment ond fato Chorges due under the Note. �
<br /> 2. Funds tor Taxes and Insurence. sub�ect co apvi�ab�e �aw or �o a wrn�en wBNHr by Lender, eo�rowe� sna�i Pay �o I
<br /> � Lendar on the day monihly paymenis are due under Ihe Note, unt�l the Note �5 pald in tuli, a sum 1'Funds") �or: (a) yearly taxos and
<br />- assessmonls wh�ch may attam pno�dy ovor th�, SeCUnty Instrumenl as a lien on Iho Property; (b1 yearly leasehold payments or ground �
<br /> . �ents on tho Pruperty. �� any; �c) yearly hazard or property �nsurance prem�ums; (d) yearly Ilood insurence premiums, il any; (e) yearly
<br /> morigage msurance prem�ums, �� any: an� (f) any sums peyable by BorrOwer to Lender, �n aCCOrdflnce with the provisions ol peregreph
<br /> ' � 8, in lieu 0� the payment ol mortgage �nsuranCe p�emiums. These items are culled 'Escrow Items." Lender may, et any time, collect
<br /> and hold funds �n an amount not to exCead tha maximum amount p lendor for a fede�ally relatod mortgage loam m�y require �or
<br /> - N[BHAShA s��p�e�amay F anmo Mao.1�oed�o Mu UNIfOHM 1NSTINMPNi Fo�m]07B 0/00 I
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