98102810 - Laserfiche WebLink

Browse

� � i a � m D � _ � � X = y � � c� ,'_'� � `_ � �rn ►^„� �, =, �°, _' CO� 'r- ,� � �� ", OO�� _` �; � � c"J "�l � C. J � \'SR ti 'T1 �h O � 2 rTl ~ N ` 'a�i ;'� CS t O ^1 � � �-- --� � � �. � ('- i.. N ,�-r � � ` `^' `� Cp c .,� �..A� F--i C3D � � � Q e--F � � • �Spacs Abov�Thls Lin• For Rscordlnp Data� ��G DEED OF TRUST THIS DEED OF TRUST ("Security Instrument") is made on March 27th 1998 . The trustor is RODNEY L MCDOWELL AND LORI L MCDOWELL. USBAND AND WIFE ("BOnOwer"). Tne trustee is UNITED NEBRA KA BANK 700 N WEBB ROAD GRAND ISLAND EBRASKA 68803 (^Trustee^). The beneficiary is UNITED NEBRASKA BANK � which is organized and existing under the laws of NEBRA KA , and whose address is 700 N. WEBB RD. GRAND ISLAND, NE 68803 (°Lender"). 6orrower owes Lender cne principal sum of F�ftV Ei�Iht Thou88nd Nine Hundred and 00/100 Dollars (U.S.S 58.900.00). This debt is evidenced by Borrower's note dated the same date es this Security Instrument ("Note"), which provides for monthly payments, wfth the (ull debt, ff not paid earlier, due and payable on _ April 1. 2028 . Thts Securky Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and a�i renewals, extensions and modH�ations of the Note; (b) the payment o} all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; end (c) the performa�ce of Borcower's covenants and agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in tnast, wkh power of sals, the following descrd�ed property located in HALL County, Nebraska: THE EAST ONE-HALF (E1/2) OF LOTS THIRTY-FIVE (35) AND THIRTY-SIX (36), BELMONT ADDITION TO THE CITY OF GRAND fSLAND, HALL COUNTY, NEBRASKA. which has the eddress of 2222 W 4TH STREET , GRAND ISLAND , 8tr�st qty Nebraska 68803 ("Property Address"); Zlp Cods TOGETHER WITH all knprovements now or hereafter erected on the property, and all easements, appurtenances, and fbctures now or hereaRer a part oi the property. All replacements and additions shall be covered by this Security Instrument. All of the forepoing is referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfuly 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 wanants and will defend generally the title to the Property against aii claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines un'rform covenants for national use and non-unHorm covenants wfth 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. BoROwer shall promptly pay wnen due the principal of and interest on the debt evidenced by the Note and any prepayment end late Charges due under the Note. 2. Funds for TBXes and Insurance. Subject to applicable law or co a written wafver by Lender, Borrower snall 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 flnd assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yeary leasehold payments or ground rents on the Property, 'rf any; (c) yearly hazard or property insurance premiums; (d) yearly flood insurence prem�ms, if any; (e) yearly mortgage insurance premiums, it any; and (f) any sums payable by BoROwer to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These kems ere cailed "Escrow Items." Lender may, at any tkne, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federaly related mortgage ban may require for NEBRASKA-9lnpis Family-Fannls Ma�/Frsddl� Mac UNIFORM INSTRUMENT Form 302a 6/90 F/029.1M0 (10/B7) Paye 1 of 5 n _ 809