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' � r_-� c.n � OO c� -� rn � i a �. �-; �, CU = _ � .:. � '� � -°--'1 ,.,y � c�C m c� � � � � ' '' _""= �n. � 7C � . x� P'V :� �Ti � 7 � � �- '"� N .1 n S � r� _ � Q7 � -� \ . �7 i :� N i ,� y r— -i N C —� ri � � 3 r :� �' m � � ,...a co � '�''"' � h�y,, �..� cn � z O �"� �� fSpac• Abovs Thla Llns for Rscordinp Data] FHA Caes No. State of Nebraska DEED OF TRUST 321-1916180 703 ��-v THIS DEED OF TRUST ("Securky Instrument") is made on March 25th , 1998 Tne trustor is JAMES E URBAN AND CELIA R URBAN . HUSBAND AND WIFE ("BoROwer^). Tne trustee is UNITED NEBRASKA BANK 700 N WEBB ROAD GRAND ISLAND NEBRASKA 6 (�rustee"). 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 Seventv Eis�ht Thousand and 00/100 Dollars (U.S. 3 78.000.00 ). This debt is evidenced by Borrowers note dated the same date as this Security Instrument ("Note"), whbh provides for monthly payments, wkh the full debt, if not pafd earlier, due and payable on Ap�i) 1. 2028 . This Securky instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, wkh interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 6 to protect the securRy of this Security Instrument; and (c) the performance of Borrower's covenants and agreements under this Securky Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in HALL County; Nebraska: LOT FORTY-ONE (41) WOLFE'S SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. wn�cn nas tne address of 503 JOHNSON DRIVE GRAND ISLAND �Strsst] �qty�, NEBRASKA 68803 ("Property Address"); [Statsj [Zip Code� TOGETHER WITH all the improvements now or hereaiter erected on the property, and all easements, appurtenances, and fuctures now or hereafter a part of the property. All replacements and additions shall be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property". BORROWER COVENANTS that Borrower is lawfully seized 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 witl defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a unfform security instrument covering real property. Borrower and Lender covenant and agree as follows: UNIFORM COVENANTS. 7. Payment of P�incipal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and late charges due under the Note. 2. Monthly Payment of Taxes, Insurance, and Other Charges. Borrower shall include in eacn monthly payment, together with the principal and interest as set forth in the Note and any Iate charges, a sum for (a) taxes and special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums for insurance required under Paragraph 4. In any year in which the Lender must pay a mortgage insurance premium to the Secretary of Housing and Urban Development ("Secretary"), or in any year in which such premium would have been required if Lender still held the Security Instrument, each monthly payment shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium ff this Security Instrument is held by the Secretary, in a reasonable amount to be determfned by the Secretary. Except for the monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." F5813.LM0 (t/BB) Paye t of 5 �AD 3�ai> '°'