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<br /> =,'���i� .;�.s{i� THIS DEED OH TRUST("Security Instrument")is made an February 10, 1997
<br /> �� ..rn.
<br /> Vy.,.if.
<br />..��:'�.t.f-�:-.:� Leroy C. and 'riarcella A. Peyton, Husband and Wife
<br />-.:,:.�c���.
<br /> .�:, �.,i'v��
<br /> l-���.;�;��►�� ("Borrower"). Thetrustee is Norwest Bank Nebraaka, National Association
<br /> .__ c• ;r -
<br /> � ("Trustcc").Thc hencficiary is Norwegt Bank Nebrueka� National. Aasociation
<br /> �.�;�—'���� ,and whosc
<br /> ----- wi'�i��i����,;;z2;t��,���Y���in�� undcr the luws of the United Stales of America
<br /> -_�'�,�� addre5s is 3404 W. 13th Street. Grand Ieland, Nebr���dcr"). Bori'owcr owes L.endcr thc principal sum of
<br /> —�
<br /> �----,�,�,� ,pollars(U.S. $ 7500.00 �'
<br /> Seven thousand five hundred and r,o/100------------
<br /> This debt is evidenced by Borrower's note dated the same date as this Security Instrlment('Note'),which pravides for
<br /> — monthly payments, with the full debt,if not paid eurlier,due und payuble on February 10, 2003 •
<br /> This Security Instrument secures to Lender: (a)the repayn�ent of the debt evidenced by the Note.with interest,and all renewals.
<br /> extensions and madifications of the Note; (b) the payment of all other sums, with interest, advanced under parasrnph 7 to
<br /> protect the security of this Securtty Instntment; and (c) the performance of Barrower's covenants and agreements. For this
<br /> purpose, Borrower inevoctibly grants and conveys to Trustee, in trust, with power of sale, the following Coumy Nebruska:
<br /> '� located in Hall
<br /> - = Lot 4, Block 2, Westerhoff's Second Subdivision� City of Grand Island,
<br /> Hall County� Nebraskn.
<br /> _ (Strcct,Ciry],
<br /> which has the address of 300G W. 17th Street, Grand Island
<br /> � Nebraskn 68803 ("Property Address"):
<br /> _—— (Zip Codcl
<br /> — TOGETHER WITN a1l thc improvements now on c�reafter erccted on the property, and all easements,appurtenances,and
<br /> ° "'�� fixtur�s now or hereafter c+ part of the property. All replacements and additions shall also be covered by this Security
<br /> = Instrument. All of the foregoing is referred to in th�s Security Instrument as the"Property."
<br />----=�__:__.�:,� BORROWER COVENANTS that Borrower is luwfully scised of the estate hereby conveyed and has the right to grant and
<br /> =_=—y^,� convcy the Property and th�t the Property is unencumbered, except for encumbranccs of record. Bonower warrants sixd wiil
<br /> -�F '�� defend generally the title to the Property against all claims and demands,subject to any encumbrances of record.
<br /> -_��:r�s�,�'7
<br /> -_��^rz���"� THIS SECURITY INSTRUMENT combines uniform covenants for nationul use and non-uniform covenunts with limitcd
<br /> _ :��::a.:_:�_�:� -
<br /> -_�� variations by jurisdicti�n to constitute u u��iform security instrument coverin�ma property.
<br /> '�_�_��� UNIFORM COVENANTS. Bonawer and Lendcr covenant and a�ree as follows:
<br /> ---�r�R�� ment and Lute Charges. Borcower shuil promptiy pay when due the
<br />_ ___—__ I. Pnyment of PrincipAl und IntErest; Prepny
<br /> ..:,____.,w...�,o N.,�p p.,d:�nv orenavment and late charges due under the Note.
<br /> ���r principul of and mtcresc on tne ucoi�����.��•.��7 •^�••"•----
<br /> `'^=�;�:���� y 2. tunds for Tuxes and Insurunce. Subject to applicable luw or to a written�vaiver by LenUer, norrower sn�.ii puy �a
<br /> �,���'
<br /> ,:,�.�`;. `� � Lender on the day mnnthiy payments are due under thc Note,until the Notc is paid in full,a sum("�unds") for: (n)ycxrly taxe.c
<br /> "`��•< r �;. nnd assessments which may attuin priority over this Security Instrument as a (ien on the Property; (b)yearly lwsehold payments
<br /> �•^-'� �'� earl hnzurd or propeny insuruncc premiums;(d)yearly floud insurancc premiums,
<br /> --�; ;•�;� :° .. or�round rents on the Property, if any:(c)y Y,
<br /> '�'� �'� •�' '` if an (e) ye�uly mortgage insurance premwms, if any:and (t) any sums puyxble by Bonower to Lender, in accordance witn
<br /> �.,.. • ::�����..;.. y;
<br /> ' the provisions of para�raph 8,in lieu of the payment of mongage insurance premiums. Thesc items are calleci"Escrow tems.
<br /> � " I.ender muy. at any time, collect and hold Fun ds in un umount not to excce.d the maximum amount u lender for a federally
<br /> � related mortgage loun may require for Borrower's escrow accuunt under the fecieral Real Estate Settlement Procedures Act of
<br /> 1974 as amendeci from time to time. 12 U.S.C. Scc:tion 2G01 er seq. ("��SPA"1. unless another law thut upplics to thc Funds
<br /> sets a lesscr timount. if so, Lcnder may. at any timc, collcrt and hold Funds in an amount not to cxcced thc lcsscr amount.
<br /> ' _'•� ��* � ' � Lcnder may cstimate the umount of Funds due on thc basis of currcnt data and reasonablc cstimates c�f cxpenditures of future
<br /> �� "`�''s'" :`�, gscrow Items or otherwise in accordance with applicable law.
<br /> � �. '� Form 3028 9190
<br /> 5 NEBRASKA•Single Fem i ly Fonn le M e e/P r o d dte Mno UNIFORM INSTRUMENT
<br /> �NI 12T97 MT6
<br /> VMP MORTGAGE FORMS 137 3129�8100�IBOO�G71 7791 PaBQ�ol e Amonded 61 9 1
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