98102684 - Laserfiche WebLink

Browse

� n n � �' rn N , c"ri . n fl � � _ \ CD n �, c-r"'+'p �, m n �! � � ° � �°cz.. � � 1 � � � rn � N � � . o � _. 1 :� u' � z � c.� C � � � t� = rn c ;i v,� --D T' a� O � � 1 � � t— —�� _� '� r— z> N � � `� F—' x � � �� O � � � C/� �3pacs Abov�Thls Lin� For Recordlnp Data� .-�\ "'( ` � � DEED OF TRUST THIS DEED OF TRUST ("Security Instrument") is made on March 20th 1998 . The trustor is MICHAEL E FOLLMER AND LINDA A FOLLMER HUSBAND AND WIFE ("Borrower"). Tne trustee is UNITED NEBRASKA BANK 700 N WEBB ROAD GRAND ISLAND NEBRASKA 68803 ("Trustee"). The beneficiary is UNITED NEBRASKA BANK which is organized and existing under the laws of NEBRASKA , and whose address is 700 N. WEBB RD. GRAND ISLAND NE 68803 ("Lender"). Borrower owes Lender the principal sum of S@Ve11tV Th�eE ThOUS811d N1118 HUndl'ed 811d 00/100 Dollars (U.S.S 73,900.00). This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, wkh the full debt, if not paid earl'�er, due and payable on April 1. 2028 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modffications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Securky instrument; and (c) the perfortnance of Borrower's covenants and agreements. For this purpose, Borrower irrevocably grants and conveys to Tn.istee, in trust, wfth power of sale, the following described property located in HALL County, Nebraska: LOT TWO (2), BISHOP HEIGHTS SECOND SUBDIVISION� CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. wn�n nas tne address or 4360 CAMBRIDGE RD , GRAND ISLAND s�reet ��y , Nebraska 688� ("Property Address"); Zlp Code TOGETHER WITH all improvements now or hereafter erected on the property, and all easements, appurtenances, and fatures now or hereafter a part of the property. All replacements and additions shaU be covered by this Securfty Instrument. All of the foregoing is refeRed to in this Security Inshument as the "Property." BORROWER COVENANTS that BoROwer is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generatly the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for nationai use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay wnen due the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note. 2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ("Funds") for: (a) yearly taxes and assessments which may attain priority over this S�urity I�strument as a i'�en on the Property; (b) yearly leasehold payments or ground rents on the Property, if any; (c) yearly hazard or property insurance premiums; (d) yearly flood 'msurance premiums, 'rf any; (e) yearly mortgage insurance premiums, N any; and (f) any sums payabie by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called "Escrow Items." Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for NEBRASKA-Single Family-Fannle Mae/Fredd(s Mac UNIFOfiM INSTRUMENT Form 3028 9/90 F1029.LM0 (10/97) Pags / of 5 703