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<br /> 18pac�Abov�Thi� LI�• tor Recordlny Data� y `l
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<br /> state ot Nebras�ca DEED OF TRUST 321 191196-5 703 �
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<br /> THIS DEED OF TRUST ("Security Instrument") is made on MarCh 23r'd , 1998
<br /> The trustor is KENTON L SCHUYLER AND TRACY D SCHUYLER . HUSBAND AND WIFE
<br /> �"BOR�W9���.
<br /> Tne trustee ts UNITED NEBRASKA BANK 700 N WEBB ROAD GRAND ISLAND NEBRASKA 6 (°rn,stee°).
<br /> The beneficiary is UNITED NEBRASKA BANK
<br /> which is organized and exist(ng under the laws oi NEBRASKA . and whose address is
<br /> 700 N. WEBB RD. GRAND ISLAND NE 68803 ("Lender").
<br /> BoROwer owes Lender the principal sum of SixtV Six ThOUSend Fifty end 00/100
<br /> Oollers (U.S. S 66.050.00 ). This debt is evidenced by Borrowers note
<br /> dated the same date as this Security Instrument ("Note"), which provides for monthy payments, wfth the full debt, if not paid
<br /> earlier, due and payable on A�ril 1. 2028 . This Securky Instrument secures to Lender: (a) the repayment
<br /> of the debt evidenced by the Note, wkh interest, and all renewals, extensions and modifications of the Note; (b) the payment of
<br /> all other sums, with interest, advanced under paragraph 6 to protect the security of this Security Instrument and (c) the
<br /> performance of Bonowers covenants and agreements under this Securiry Instrument and the Note. For this purpose, Borrower
<br /> iRevocaby grants and conveys to Trustee, in trust, wRh power of sale, the following described property located in
<br /> HALL County; Nebraska:
<br /> THE NORTH HALF (N1/2) OF LOT ONE HUNDRED EIGHTY ONE (181) AND ALL OF LOT ONE
<br /> HUNDRED EIGHTY (180)� IN BELMONT, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br /> COUNTY, NEBRASKA.
<br /> wh�h has the address of 410 WALDO AVE GRAND ISLAND
<br /> �str••c] lp�rL
<br /> NEBRASKA 68803 ("Property Address");
<br /> �Stats] �Zlp CodsJ
<br /> TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and
<br /> fatures now or hereaRer a part of the property. All replacements and additions shall be covered by this Securky Instrument. All
<br /> ot the foregoing is referred to in this SecurRy Instrument as the "Property".
<br /> BORROWER COVENANTS that Borrower is lawfuly seized of the estate hereby conveyed and has the right to grant and
<br /> convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will
<br /> defend generally the title to the Property against all claims and demands, subject to any encumbrances of record.
<br /> THIS SECURITY INSTRUMENT combines unHorm covenants for national use and non-unKorm covenants with limited
<br /> variations by jurisdfction to constitute a unlform security instrument covering real property..
<br /> BoROwer and Lender covenant and agree as follows:
<br /> UNIFORM COVENANTS.
<br /> 1. Payment of Princlpal, 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. sorrower shall include in eacn montny
<br /> payment, together with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and special
<br /> assessments levied or to be levied 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 insurance premium to
<br /> the Secretary of Housing and Urban Development ("Secretary"), or in any year � which such premium would have been required
<br /> if Lender still held the Security Instrument, each monthly payment shall also include eRher: (i) a sum for the annual mortgage
<br /> insurance premium to be paid by Lender to the Secretary, or ((t) a monthly charge tnstead of a mortgage fnsurance premfum if
<br /> this Securky Instrument is held by the Secretary, in a �easonable amount to be determined by the Secretary. Except for the
<br /> monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow
<br /> Funds."
<br /> FSBt3.LM0 (7/98) Pays t o1 5
<br /> 803
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