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rn Cl f� � = A� Rl N t� G7 _ � � ��'C � j' � � �_, � � = t/1 'i7 Z� _�=' �' �G�D ...'1 �U `� � � ^ � M• . ., ^� "j '}j �" � ,� �� 1 a �, i_ � " _ �� _ J i t`►1 � _'t7 � �=� W�C�/! ,i � ,.- "�' :, r � , Nc� ` "' `"' `~ �J a � '` ��-« � ..c;' � � �,� �—+� ; � C �Spac� Abov�Thit Lin� For R�cordinp Data� DEED OF TRUST THIS DEED OF TRUST ("Security Instrument") is made on March 27th 1998 . The trustor ts ROBERT ROLAND GILBREATH AND FAYE IRENE GILBREATH HUSBAND AND WIFE Tne trustee is UNITED NEBRASKA BANK 700 N WEBB ROAD GRAND ISLAND NEBRASKA 68803 ��Bonower^). The beneficiary is UNITED NEBRASKA BANK (�'rustes"). which is organized and existing under the laws of NEBRASKA , and whose address is 700 N. WEBB RD. GRAND ISLAND NE 68803 ("Lender"). eorrower owes �ender tne pr�nc�pai sum or Ninetv Three Thousand One Hundred and 00/100 Dollars (U.S.3 93,100.00). This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on _ Ap�ll 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 modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the securRy of this Security Instrumenh, and (c) the performance of Borrower's covenants and agreements. For this purpose, Borrower iRevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in HALL County, Nebraska: LOT FOURTEEN (14), IN SADDLE CLUB SUBDIVISION, HALL COUNTY, NEBRASKA. wn�cn nas the address of 3605 ARABIAN CIRCLE . , GRAND ISLAND 3treet p�y Nebraska 68801 ("Property Address"); 2ip Cods TOGETHER WITH all improvements now or hereaRer erected on the property, and all easements, appurtenances, and foctures 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 Iawfully 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 oi record. Borrower wanants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uni(orm covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a un'rform 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 Iaw or to a wrftten waiver by Lender, Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid in fuii, a sum ("Funds") for: (a) yearly taxes and assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or ground rents on the Property, if any; (c) yearly hazard or property insurance premn�ms; (d) yeary flood insurance premiums, 'rf any; (e) yearly mortgage insurance premiums, 'rf any; and (f) any sums payable 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, coilect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for NEBRASKA-3ingle Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 302e 9/90 Fioze.�nno �io/e�� Paye i or s sas