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<br /> . � ... � F nK DEED 4F Z'RU�T � ����
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<br /> e+- ' . . -_� �..:,�, THIS DEED QF TRUST("Security Insuumem")is made an .The uustor is .
<br /> x.. , February 12, 1998
<br /> F '" , l' a. �" __--_
<br /> �. , ' �•-.�.�
<br />�p:.� ... .: , �._�_.
<br /> � , Roger N. Scholz and Jennifez L. Scholz, husband and s�tife `-�;.. ;
<br /> ���- . ,. . . . ' -
<br /> �.; ..� ' - ("Borrower").'i'he trustce is � :.,'°_
<br />- '' "'�" Hor�est Bank Nebraska, National Association
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<br /> �.. _ _
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<br /> ', • �� l°Trustee").The beneficiF►ry is Noswest Bank Nebraska, National Associatioa . ` �,�"•='��
<br /> . , ` ���:..�, .and whose __ ----
<br /> 3:'� - -� which is organized and existing uncter tbe laws of �nited States of America ' �
<br /> K`. address is Zp2 West Third Stseet, Grand Island, Ne t�},�an�.� Bo�W�owes Lenderthe principal sum of .
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<br />_�; . . .��. ` �_Dollars N.S.� 1Q,107.50
<br /> . � ,�.�,,- --
<br />�d��:-� � Ten Thausand Oae Hundred Seven and 50/100-----------�- ' �•°��._•=
<br /> "' � This debt is evidenced by Borrower's note dated the same date as this Security Instrument("1�Iote"},which provides for _
<br /> ,�. . . .. . . , .s_.
<br /> �., . • • monthiy paymenu,with the full debt.if not paid earlier.dae and payable on February 20, 2003 :.{.��
<br />•:-� - � This Securiry Instrument secures to Lender.(a)the repayment of the debt evidenced by the Note,with interest.and a11 renewals. `�:�.+ -_____-
<br /> ''� � � � extensions and moditications of the Note; (b)the payment of all other sums. with intcrest. advanced under ParaP,raPh� t° _'.=��
<br /> � :� � .. pmtect tbe secvrity of this Security Instn�ment: and (c)the perforn�ance of Borrower's covenants and agreements. For this -_�«, `.f•Ta_'—
<br /> � purpose, Barrower irrevacably grants and conveys to Trustee. in trust,with power af sale. the foltowing described property -"
<br /> ' ' ' ' : located in County,Hebraska: , . .��-
<br /> . � Hall :s;N=
<br /> fi..: " � � LL,_�..
<br /> _=�`•' Lot Six (6)� B1ock Three (3), Le aeights Second Subdivision, C£tg of Grand Islaad. ,,.;.y_
<br />��, ,. � , flall Couaty, Nebraska. - -,L�_� -
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<br /> ' � which has the addmss of 231g Starduat Lane. Grand Island •
<br /> : � Nebraska 68803 ("�'oP�rtY Address"): '..;,�,. • .
<br /> . . (Zip Code� ..
<br /> ��!: t. _. . Y ..� I`'.
<br /> ����r� �� � TOGETHER WITN a11 tAe improvements now or hereafter erected on the praperty.°�d all easements.appurtenances.and
<br /> • . : . . fixtures now or hereafter a part of the property. All reQlacemenu and additio p�1 also be covered by this Security .:
<br /> '�,, • ln�trument.AU of the foregoing is referred to in this Securiry Instrumen[as the"Pro e ..:::;�t,:; ,:
<br /> BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby canveyed and has the right to grant and
<br /> ' convey the Property and ihat the Property is unencumbered. except for encumbrances of record. Borrower warrants and will
<br /> • � � � defend generally.the tide to the Propeny aga�nst all claims and demands,subject to any encumbrances of record. . �
<br /> THIS SEGURiTY 1NSTRUMENT rombines uniform covenants far national use and non-uniform covenants with limited
<br /> � • � ' variations by jurisdiction to constitute a uniform security instrument covering real property. • .
<br /> UNIFORM COVENANTS.Borrowcr and Lender covenant and agree us f�flows: . .
<br /> � 1. Payment of Pcincipal and Interest; Prepayment and Late Charg�. Bonower shall prompdy pay when due the
<br /> _ � � � � principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note. .
<br /> � Z. Funds for Tox�and lnsurance. Subject to applicablc law or to a written waiver by i.cnder. 8urn�wer shall pay to
<br /> •� � Lender on the day monthly paymcnts ure due undcr the Note.until the Note is paid in full,a sum 1"Funds")for:(a)yearly tates
<br /> :uid asse5sments which may attain priariry ovcr this S�urity Instrument as a lien on the Property:lb)yeatly leaschold payments .
<br /> - or ground rents on the Property.if any:lc)yearly hatard or properly insursnce premiums:ld)yearly ilood insuranc�e premiums. .
<br /> ' if any: (e)year{y mnrtgage insurance premiums, �P any: and (fl any �ums payabie by Borrn�ver tu Lender, in accordance with
<br /> � • � the provisinnx of paragraph 8, in lieu of thc payment nf mortgagc in.urance premiums.Thc,e items are called"�'scrnw Items."
<br /> "'Y�'" . � • Lendet may. at any timc. culleci and hotJ Funds in an amount noi to exceed the maximum amount a lcnder for a fcder�slly "
<br /> �:• .
<br /> relatecl mortgage loan may reyuire for Bonower's escrow account under the federal lteril F.state Settloment Procedures Act of .
<br />'r• ;� 1974 uc amended from time tn nme. 1Z U.S.C. Section 2601 et scq. ("RE5PA"). unless anothcr law that applics w the Funds :
<br /> � sets a lesser amount. If so. Lender may. at any time,coliec►and h��ld Funds in an amount not tu exceed the Iesser �n�unt.
<br /> . Lender may cstimate the amnunt of Funds due on the basis e�f current duta nnd rea�un:►ble estimates of expenditures of future
<br /> �, � � Escrow items or otherwise in accordance with applicable law. . •
<br /> . _" ' ' ' ' .
<br /> ...__ ., • ;
<br /> __ .._, .__,,.. •� form30289190 .
<br /> . NEBRASKA•Singte ramnv�a�+�Q��%F'��'�'���'!lfORl�!!lFISTAUMEMr Amondod 5/97 �--!.
<br />, ' - .{ �N112T97MT(i Vh1VMORTOAGEfORMS �3�3�7938�00 �SOOiS7� 7797 veyo�u�4 .
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