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<br /> IBpac� Abov�Thit Lin• for R�cordlnp Oata� � ` ,
<br /> FHA Ca�• No.
<br /> V '�
<br /> State of Nebraska DEED OF TRUST 321-1916559 703 �
<br /> ��
<br /> THIS DEED OF TRUST ("Security Instrument") is made on MarCh 20th 1998 .�
<br /> The trustor is RICKY A WEBER . AN UNMARRIED INDIVIDUAL
<br /> ("Borcower").
<br /> The trustee is COMMERCIAL FEDERAL BANK. A FEDERAL SAVINGS BANK 98 50 "M" ST (Rrn,stee").
<br /> The beneficiary is UNITED NEBRASKA BANK
<br /> which is organized and existing under the laws of NEBRASKA and whose address is
<br /> 700 N. WEBB RD. GRAND ISLAND. NE 68803 (°Lender^).
<br /> BoROwer owes Lender the princ�al sum of Fiftv Ets�ht Thousand Nine Hundred and 00/100
<br /> Doilers (U.S. S 58.900.00 ). This debt is evidenced by Borrower's note
<br /> dated the same date as this Securky Instrument ("Note"), wh�h provides for monthly payments, with the full debt, H not paid
<br /> earlier, due and payabie on Apt'il 1. 2028 . Thfs Securfty Instrument secures to Lender: (a) the repayment
<br /> of the debt evidenced by the Note, with tnterest, and ell renewals, extensions and modM�ations of the Note; (b) the peyment of
<br /> all other sums, with interest, advanced under paragraph 6 to protect the security of this Securky Instrument; and (c) the
<br /> performance ot Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Bonower
<br /> rcrevocabiy grants and conveys to Trustee, In trust, wkh power of sale, the foliowing described property located tn
<br /> HALL County; Nebraska:
<br /> LOT ONE (1), BLOCK FORTY NINE (49), IN RUSSEL WHEELER'S ADDITION TO THE CITY OF
<br /> GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> which has the address ot 903 W 12TH GRAND ISLAND
<br /> �StrestJ ��y�y�
<br /> NEBRASKA 68801 ("Property Address");
<br /> (State� (Zip Cods�
<br /> TOGETHER WITH all the improvements now or hereaRer erected on the property, and all easements, appurtenances, and
<br /> fbctures now or hereaRer a part of the property. Ail replacements and addftions shall be covered by this Security Instrument. All
<br /> ot the (orego�g is referred to h this Security Instrument as the "Property".
<br /> BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and
<br /> convey the Property and that the Property is unencumbered, excApt for encumbrances of record. Borrower warrants and will
<br /> defend generally the title to the Property against all clafms and demands, subJect to any encumbrances of record.
<br /> THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited
<br /> variations by jurisdiction to constRute a unfform secu�ky instrument cover�g real property.
<br /> Borrower and Lender covenant and agree as follows:
<br /> UNIFORM COVENANTS.
<br /> 1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest
<br /> on, the debt evidenced by the Note and late charges due under the Note.
<br /> 2. Monthly Payment of Taxes, Insurance, and Other Charges. Borrower snau �ncwde in each monthly
<br /> payment, together with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and speciai
<br /> assessments levied or to be tevied against the Property, (b) leasehold payments 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 tnsurance premium to
<br /> the Secretary of Housing and Urban Development ("Secretary"), or in any year in which such premium would have been requked
<br /> ff Lender still held the Security Instrument, each monthiy payment shall also inch�de either: (i) a sum for the annual mortgage
<br /> insurance premium to be paid by Lender to the Secretery, or (ti) a monthy charge instead of a mortgage insurance premium i(
<br /> this Securky Instrument fs held by the Secretary, in a reasonabie amount to be determined by the Secretary. Except for the
<br /> monthly charge by the Secretary, these Rems are called "Escrow Items" and the sums paid to Lender are called "Escrow
<br /> Funds."
<br /> F5813.LMO(1/6B) Pay 1 of 5
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