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<br /> ' 18pau ADOV�Tnl� Un� tor Rrco�Einp Oau� \� �. -- --
<br /> FHA Caa�No. 1 -
<br /> � State of Nebreske DEED OF TRUST s2�-�sosai-z �s� �
<br /> �� THIS DEED OF TRUST("Security InstrumenY) is made on Feb�uery(Bth , 1998 =
<br /> '� The trustor �s Jo Kireahbeum .�n UnmarNed Person _ _ �''- _
<br /> � (^8ortoweP).
<br /> rne cn,s�ee is Commerctal Federbl Bank A Federal Suvin,_gs Bank �°rn,scee•).
<br /> Tne benei�c�►ry is The Overlend Netionel Bank of Grend Island �
<br /> y.� whfch is organized and existing under the laws of 7he United Statea of Americe ,and whuse address is
<br /> 304 West Third SVeet Grand lalend NE 68801 ('Lender">.
<br /> Borrqwer owes Lender the pnc�ipal Sum Ot Stxty Two Thouiand Seven Hundred �iftv and 00/100 _
<br /> Dollars(U,S. S 82.760.00 1.This debt Is evidenced by Bortowers note
<br /> � deted the same date as this Securfty Instrument ("Note"), which provldes for monthy paymenls, with the tull debt, H not paid
<br /> earlier, due and payable on Mlfl'Ch 1. 2028 .This Security Instrument secures to Lender.(a)the repayment
<br /> ot the dabt evldenced by the Note, with interest,and all renewals,extenslons snd modiftCatbns of the Note; (b) the payment of
<br />_- __ _ ._.._a. au other sums. with interest. advanced under paragraph 6 to proteCt the security of lhis Security Instrument; and (a) the
<br /> --------
<br /> perlormance of Borrower's covenants and apre6ment6 under this 5eCUrity instrument and the Note. For this purpose, Bottower
<br /> Irrevocabry grants and conveys to Trustee, In trust, wnh power ot sale, the followtng descrfbed property iocated In
<br /> Hell County; Nebraske:
<br /> �{� The Eesterly One Hundred end Three (103) Feet of Lot Stx (6), tn Block SIx (6), Hann's Third
<br /> Addition to the City ot Grend Island, Hall County, Nebreska.
<br /> �.
<br />. ;
<br /> ,�� A
<br /> which has the address Of 326 S. Svcamore Street, Grand Islend.
<br /> � • is��..n ip�Yt,
<br /> NE 68801 ("Property Address");
<br /> �sut.� �zip Coa.�
<br />- � . TOGETHER WITH au the improvements now or hereafter erectod on the property, and aY oasements, eppurtenances, and _
<br /> .� fbnures now or herealter a part of the property. All replacements and addltlons shell be covared by this Security Instrument.All
<br /> * of the forepofng is refened to in thls SeCurily Instrument as the 'Property".
<br /> � BORROWER COVENANTS thet Bortower Is lawfully seizod of the estate hereby conveyed and has the right to prant and
<br /> convey the Property and that the Property Is unencumbered, except tor encumbranCas of record. Borcower warrants and will _--
<br /> defend gonerally the title to the Property against all clatms and domands,subJect to any enCUmbrsncos of record. —
<br /> THIS SECURITY INSTRUMENT combines uNform Covenenls tur natlonei use and non•unibrm Covenants with Ii�ited - - y---
<br /> variations by jurtsdictlon to constimte a uniform security instrument covering real property. •- -�
<br /> .x7C'=.
<br /> Borrower and Lender covenant and agree as follows: . �._,�
<br /> UNIFORM COVENANTS. ,
<br /> 1. Payment o4 Principal, Interest and Lete Charge. Bortower shall pay when due the principal of. and interest '
<br /> on, the debt evidenced by the Note and late chargos due under Ihe Note. "
<br /> 2. Monthly Payment of Taxes, Insurance, and Other Charges. eoROwer snau �nctude �n eacn monthiy
<br /> _ navment. tonether wah the orinclnnl nnd intarest as sat lorth in Iha Nota and anv latp charaas.a sum lor (al taxes end sDeCial
<br /> � asse�Sments lavied or to be leviod agafnst the Property, (b) �easehold peyments or ground rents on the Property, and (c) �
<br /> � premiums for insurance required under Paragraph 4. In any year in whiCh the Lender must pay a mortgage insurance premium to
<br /> I thp Secretary of Hausing and Urban Development i"secretery"), or in any year in whiCh suCh premium wouid have been requved
<br /> �1 Lendor stdl held the Security Instrument, ench monthly payrtient 5hall fllso include either; (i)a sum for the tlnnual mortgege
<br /> �nsurance premium to be paid by Lender to the Secretery, or (�)a monthly chargo in5tead o�e mortgage insurance premfum if
<br /> th�s 8ecurity Instrument is held by the 5e,relary, in a reasoneble amount to be determmed by tho 3ecretary. Except for the
<br /> � montniy charge by the Secretary, these items are called "Escrow Items" and Ihe sums pa�d to Lender nre cnlled "Escrow
<br /> Funds"
<br /> tSp�llMt;1'�9�i) Pap��ol S
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