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<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST ("Security Instrument") is made on __ Mal'Ch 20th 1998 . The trustor
<br /> is ANN M THORNDIKE , AN UNMARRIED INDIVIDUAL,
<br /> ("Borrower").
<br /> The truscee is UNITED NEBRASKA BANK 700 N WEBB ROAD RAND ISLAND NEBRASKA 68803
<br /> (^Trustee").
<br /> The beneticiary is UNITED NEBRASKA BANK �
<br /> which is organized and existing under the laws of NEBRASKA , and whose address
<br /> �s 700 N. WEBB RD. GRAND ISLAND, NE 68803 (^�ender^).
<br /> eorrower owes Lender the principal sum of FiftV ThOU88t1d etld 00/100
<br /> Dollars (U.S.3 50,000.00). This debt is evidenced by Borrowers note dated the
<br /> same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, ff not paid earlier, due and
<br /> payable on April 1, 2013 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced
<br /> by the Note, with interest, and all renewals, extensions and modffications of the Note; (b) the payment of all other sums, with interest,
<br /> advanced under paragraph 7 to protect the security o( this Securky Instrument; and (c) the performance of Borrower's covenants and
<br /> agreements. For this purpose, Borrower 1Revocably grants and conveys to Trustee, in trust, with power of sale, the fotlowing described
<br /> property located in HALL County, Nebraska:
<br /> UNIT FIVE (5), OAKWOOD CONDOMINIUM, IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br /> NEBRASKA
<br /> wnich has the address of 2813 LAKEWOOD CIRCLE , GRAND ISLAND ,
<br /> Strset G�y
<br /> Nebreska 68801 ("Property Address");
<br /> Zip Code
<br /> TOGETHER WITH all improvements now or hereafter erected on the property, and all easements, appurtenances, and fuctures now
<br /> or hereafter a part of the property. All replacements and addRions shall be covered by this Security Instrument. All of the foregoing is
<br /> referred to in this Security Instrument as the "Property."
<br /> BOFiROWER COVENANTS that Borrower is �awfully seised of the estate hereby conveyed and has the right to grant and convey
<br /> the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and wili defend generally
<br /> the tftle to the Property against all claims and demands, subject to any encumbrances of record.
<br /> THIS SECURITY INSTRUMENT combines unfform covenants for national use and non-uniform covenants wkh fimited variations by
<br /> jurisdiction to constitute a uniform security instrument covering real property.
<br /> UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay wr►en due
<br /> the principal of and interesE on the debt evidenced by the Note and any prepayment and Iate charges due under the Note.
<br /> 2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to
<br /> Lender on the day monthly payments are due under the Note, until the Note is paid in tuil, a sum ("Funds") for: (a) yearly taxes and
<br /> assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or ground
<br /> rents on the Property, if any; (c) yeary hazard or property insurance premtums; (d) yearly flood insurance premfums, H any; (e) yeary
<br /> moRgage insurance premiums, if any; and (fl any sums payable by Borrower to Lender, tn accordance with the provtsbns of paragraph
<br /> 8, in I'�eu of the payment of mortgage insurance premiums. These items are called "Escrow Items." Lender may, at any time, collect
<br /> and hold Funds h an amount not to exceed the maximum amount a lender for a federally related mortgage loan may requfre for
<br /> NEBFUSKA-8I�g1� Family-Fannl� Mae/Frsddie Mac UNIFORM IN3TRUMENT Form 302e Y/90
<br /> F1029.1Ma(10/97) Pape 1 of 5
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