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<br /> -�„ �.� RETURHTO�O�o VZS446oANK pEED OF TRUST � T ��
<br /> �•� OMAHA,NE 68103 3�f'i'1��•:i�l)G�G�` _
<br /> � ATTN�LFANN SCHAFFER �j
<br /> ". . � MS 5828 TITL�CLERK
<br /> �-° +' . _ 4b2•63fr2253 ��►C
<br /> �
<br /> i
<br /> - .. THIS DEED OF TRUST("Cccurity Instrument")is madc on �rch 24, 1997 .Thc trustor is
<br /> ' - Clay E. Schutz and Janet E. Schutz, huaband and wife
<br /> • ("Borrower").Thetrusteeis Norwaet Bank Nebraska, National Asaociation
<br /> � ("Trustce").Tliebeneficiary�ti Norwest Bank Nebraska, National Association
<br /> which is orgunize�i and existing under the laws of U n i t e d S t a t e a o f Am e r i c a ,und whose
<br />:N, '
<br />= address is Zp2 West Third Grand Island Nebraska
<br /> r"I.ender"l.Borcower awes Lendcr thc principal sum of
<br />�y f _, . Sixty-Four Thousand Six Hundred & Thirty Dollars & 77/l0�ollars(U.S, $ 64�630.77 )•
<br /> _ :,.•_,,�._ •�'.
<br /> - • This debt is evidenced by Borrower's note dated the same date us this Security Instrument("Note"),which provides for
<br /> =``.'''� " monthly payments,w�th the full debt,if not paid eurlier,due and payable on March 20, 2003 '
<br /> ;�.-�•. This Security Instrument secures to Lender:(s)the repayment of'the debt evidenced by the Note. with interest,and all renewals,
<br />=.i,��; rxtcntiom und moJiliratiun, uf thr Nutr: Ih) thc paymcnt ul :�II nU�cr ,um.. with intrre�t, udvancc�S undrr paragr.�ph 7 to
<br /> _, „� .,�:'y .
<br /> protect the security of this Security [mtrument: and (c) the performance of Borrower's covenants and ugreements. For thig
<br />- _ , purpose, Borrower irrevocably grant� and conveys to Trustee, in trust, �vith power of sale, the following Counry Nebruskay
<br /> - . . located in Ha 11
<br />-`�_ ..• ;:���::�
<br /> -�T•. �-..�, The West 4 feet of Lot 1 and all of Lot 2. Block 2, Knickrehm
<br />--'= Third Addition, City of Grand Island� Hall County, Nebraska.
<br /> -,�
<br /> - ' t�
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<br /> •� which has the uJdress of 316 E. 21 S t r e e t G r a n d I s 1 a n d Iscrcec.c�ry�.
<br /> , Nebraska 6 8 8 O 1 ("Properly Addm.s");
<br /> �'l.ip Cadcl
<br /> TOGETHER WITH all the improvcmcnts nuw un c�rcaRcr crected on the propeny,und all rasemcnts,appurtenunces,and
<br /> tixture+ now on c�rcaftcr a part uf thc property. All rcplacemcnts and uddrtiunx shall alsu tx covcreJ hy this S��urity _
<br />- Intitrument. All af thc ti�rcgoing is referrcd to in th��Sccurity In�trument as thc"Property."
<br /> RORROWER COVENANTS that Aurrowcr i,luwful�y sci,ul of thc c5tacc hcrcby comcycd and hns thc right to grant und _
<br /> ronvcy the Property and that the Propeny is unencumbered.except for encumbranres uf record. BorroW�er wurrants and will -
<br /> dcfend generaily the title to the Property againtit all claims and demands, subject to any encumbrances uf record.
<br /> THIS SECURITY INSTRUMENT rombineti unif��rm covenants for nat�onal use and non-unitorm covenunts with limited
<br /> variations by jurisdiction to constitute a unifnmi�ecurity in�trwnent eovering real pruperty.
<br /> UNIFORM COVENANTS. Borrower and Lcndcr a�vcnant�nd agrce as followr:
<br /> I. �u�•nient oY Principal and Inter�t; Prcpayment und Lute Charg�. Borrciwcr �hall pr�mptly puy when duc the
<br /> pr�nripal c,l'anJ interc�t un thc debt cvidenred by thc Nute and any prcpayment and latc chargeti Jucundcr thc Notc.
<br /> 2. Funds fiir Tuxes and Insurance. Subjcct to applicablr Ixw or to a written w�ivcr by Lcndcr. Borrowcr shall pay to
<br /> .�..... ..�.,.�i,..N..r.� until thr Natc is naid in fu1L u.unt("FunJs")tiir: (al y�arly taxes
<br /> -.�. ._�__= L.CIIUl'i on tilc uuy u�uniiuy jia7iii:.i�i:a::......v:...... ............_.. .
<br /> .u�d ay�c��mcniti which m.ry attain priuritp o�•rr thi+Srcuriry Intitrument as a licn un the Pru{xrty: 1hl ycarly Icu�chold payments .
<br /> itt gruwtJ rentti un Ihc Pruprrty. if:my:(rl ycarly huiard ��r pruperty+n�uranrc pr�miumti:ldl y�urly tluud intiurxncc premiums,
<br /> il an): �rl yrarly nwrtgage imuranrc prcmium.. il any: anJ�11 :iny .mm payahlc hy Burrow�r ru l.rnJcr. in arrc�rJanrc with
<br /> thr pro��i�ion�uf para�:raph B, in licu ut�hc paymcnt nf►nohg:igr inyur.mrc pnmiunu. 'Thrsc itrnu are rullcS "Etirruw Itcros.'
<br /> Lcndrr may. at .in� tinu. rull�rt and huld F�undti in an ann,wu nat t�� cxrccd th�� tnaximum anwutit x Irndrr f�,r a f�d�:rally
<br /> I rclatr�l m�,rtga�:c lo�m m.iy rcyuirc f�,r Hurru��•cr', r.crua•a.r��wn w�Jcr th� f�drral Rral Eistutr Sctticmrnt Yrnredurc�Art i�f
<br /> 1�)7d a>am�ndr�l Ir�,m tinu w timc. 12 U.S.c'. ticrtiun 2b01 rt��•��. 1"RES}'A..l, unlc�,anuthcr law th:U applir�tu thc FunJs
<br /> �rlr .i Ic�+rr :unuunt. II •�,, I.cndcr tnap, at any tinu. r��ll�rl :utJ hnl3 Fundti in an amounl nin lo cxrrcd thr Ic,t�r anwunt.
<br /> I Lrndrr m.iy e�limatr thr :imuwri �,I Fund,dur �m thr hu.i.uC rurr�nt Jata and rrasunahl�ctitimalcti �,I rxpcnditurc>��f tuturc �
<br /> I Fitirn,�� Itrm��u uthrnei�r in:i�•r��rdcinrr��uh applirahlr law.
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<br /> � NEBRASKA�Sm{;le Fa�ndy�Fnnnlo MnaFroddlo Mne UNIFORM II�STRUMENT Form 3028 9�90
<br />_ �NI 12T97 MTG VM�'MOHIGAOf�UHMS �+����A.+x�no .xuu•�,i� u�n v.�.���i„�•i Amended 6/91 !
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