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<br /> _ •�as �tipacc AMi�c 7'hh I.Inc Eor Recordlag Puta�
<br /> I�EED OF TRUST �� `� �l�ZZ3f3�(— 6'�s�
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<br /> TH1S DEED QF TRUST("Sccurity lnstrumcnt")is mudc nn February 21, 1997 .The trustor is ,=ri'•
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<br /> � ximothy A. Bayley and Diane L. Bayley, husband and wife ;�j
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<br /> .�;'�,`�� ("Borrower").The trutitce is NorWest Bank Nebraska, National Association _
<br /> ,. � �:-_.
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<br /> ("Trustee").The beneficiary is Norwest Bank Nebraska, National Association
<br /> �� which is organized und existing under the luws of the United States of America , and whose
<br /> • adtlress is 'LUZ West lhird Grand island, NE 68801
<br /> ("Lender").Borrowcr owes L.ender the principul sum of _.
<br /> Twenty Six Thousand Six Hundred Ten and 45/100 -------- Dollars(U.S. $ 26�610.45 �•
<br />. .. This debt is evidenced by Borrower's note dated the same datc as this Security Instrument("Note"), which provides for
<br /> monthly payments,with t'�e full debt, if not paid curlicr, due and payuble on February 20, 2004
<br /> " ...�,. This Security Instrument secures to Lender: (a)the repayment of the debt cvidenced by the Note,with mterest,and all renewals.
<br /> I��;,..,� , extensions and modifications of the Note; (h> the payment of all other sums, with interest, advanced under paragruph 7 to
<br />�,.�• . �•�• protect the security of this Security Instrument: and (c) the performance of Borrower's covcnants and agrcements. For rhis
<br /> ' .,. :" purpose. Bottower irrevocably grants and conveys to Trustee. in trust, with power of sale, the following described property
<br /> :,.r�; located in Hall Counry. Ncbraska:
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<br />"s:��-;T;� Lot 1, Dubbs Subdivision, Hall. County. Nebraska _
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<br /> ""`*""" `- which has the sddress of 3689 S. Aurwick Rd. Wood River, [s�rcc�,c�h�, `._
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<br /> °:_;�t+t't. Nebraska 68883 ("Propeny Address"); -
<br /> --•�'�: ►'Lip Ccxlc� 2`
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<br /> • TOGETHER WITH all ihe improvements now or hereaRer crected on the property,and all eusements, appunenances,and -_
<br /> fixtures now or hereaftcr a part of the property. All replacements and additions shall also be covereci by this Security
<br /> Instrument. All of thc foregoing is referred to in this Security instrument as the"Property." ____
<br /> � BORROWER COVENANTS ihat Bonower is lawfully seised of the estate hercby conveycd and has the right to grtu►t und = -
<br />: ronvey tl�e Propetty and that the Property is unencumbered,except for encumhrances of record. Borrower warrants nnd will - � -
<br /> "„ defend generally the tide to the Property against xll cluims and demandc,�uhject to any encumbrances of record. .. _
<br /> : , THIS SECURITY INSTRUMEPIT�umbines uniti�rm c:uvenants for national use and non-uniti�rm covenantti with li►nited -
<br /> variations by jurisdiction tc�constiwte a uniform sccurity instniment covering real property. �'E
<br /> UN(FORM COVENANTS. Borrower and L.ender covenant and agree as follows: �
<br /> 1. Payment of Principal and interest; Prepuyment und Lute Charges. Borrower shall promptly pay when due thc
<br /> ___ nrincioal of and interest on the debt evidenct�d by the Note and any prepayment and late char�es due under the Note.
<br /> � 2. Funds for Tnxes and Insur-ance. Subject to:�pplicable law or to a written waive� by Lender, Borrower shall pay to '
<br /> - Lencier nn the day munthly paymems :src due undcr the Note,until the Note is paid in full,a tium("Funds")for: (:�)ye:►rly txxes
<br /> �' und assessments whieh may attain prioriry over this Security Instrumcnt us a litn on the Property: (b)ycarly leasehold payments
<br /> ,. or ground rents on thc Property, ifany;(c)yearly h�zard ur property insurance prcmiums:td)yeurly tlood insurance premiums,
<br /> if any: (c) ywrly mortgage insurain�c pmmiums, if�ny; :tnd(t) any sums payable by Borrower to L.ender, in uccordance with
<br />- the provisions��f par.�graph 8,in licu of thc paymcnt of nuirtgagc insuranre pretniums. Thes�itcros are called "Escrow Rems."
<br /> Lender may. at any time, cullect and hold Funds in iin umount not to exceed the maximum amount a Iender for a fecierully �
<br /> related mortgagc loan may requ9re fc�r Born�wer's escrc�w uccount under the federal Real Estute Settlement Procedures Act af
<br /> 1974 �s amendcd from timr to t6rnc, 12 U.S.C. Scction 2GU1 et sc�y. ("RESPA"),unlctis anothcr law that appliati tn thc Funds
<br /> scts a Ictiscr mn��unt. if+o, l.cncicr may, at any timc, cullcct xnd hold Funds in an umount not to cxcecct thc Icsscr amount.
<br /> I.cnder may estimate thc amount of Funds duc on thc basis of rurrent data and reuscynuble estimutes of'cxpendiwres uf future
<br /> Escrow[tems ur othcrwisc in arccttdance with upplir.�blc law.
<br /> NEBRA6KA-Single FamilyFannle MaelFreddle Mac UNIFORM INSTRUMENT Form 3028 9190
<br /> - ��NI 12T97 MTO VMP MONTGAGE PORMS iJI3�793 B100 �800�571 7791 v�U�+o�n �Amended 6191 �
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