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<br /> DEED OF TRUST �/�`���(Q / ��l a
<br /> Norwest Bank
<br /> PO Box 2440 ' �
<br /> �
<br /> — Omaha, NE 68103 � _ �Q
<br /> THIS DEED OF TRUST("Security Instrument") is made on March 3, 1998 . The trustor is •
<br /> John C. Meidlinger and Jane C. Meidlinger, husband and wife as �oint tenants
<br /> ("Borrower"). The trustee is Norwest Sank Nebraska, National Association
<br /> ("Trustee"). The beneficiary is Norwest Bank Nebraska, National Association
<br /> which is organized and existing under the laws of United States of America , and whose
<br /> address is' 3404 West 13th, Grand Island, NE 68803
<br /> ("Lender"). Bonower owes Lender the principal sum of
<br /> Thirty Thousand Two Hundred fifty seven and 50/100---- 30,257.50
<br /> --Dollars (U.S. $ �,
<br /> This debt is evidenced by Borrower's note dated the same date as this Security Instrument("Note"), which provides for
<br /> monthly payments, with the full debt, if not paid earlier, due and payable on February 26, 2008
<br /> This Security Instrument secures to Lender: (a)the repayment of the debt evidenced by the Note, with interest, and all renewals,
<br /> extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to
<br /> protect the security of this Security Instrument; and (c) the performance of Bonower's covenants and agreements. For this
<br /> purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property
<br /> located in Hall County, Nebraska:
<br /> All of Fractional Lot Five (5),in Fractional B1ock Seven (7) , Arnold Place, City of
<br /> Grand Island, Ha11 County, .Nebraska, and its complement, being a11 of that part of Lot
<br />• Sixteen (16), County Subdivision of the Southeast Quarter of the Southwest Quarter
<br /> (SE 1/4 SW 1/4) of Section Sixteen. (16) , Township Eleven (11) North, Range Nine (9) West
<br /> of the 6th P.M. , lying north of Division Street and east of Washington Street if the Easterly
<br /> line of said Washington Street where extended,_ said tracts combined forming one full lot
<br /> Sixty-Six (66) feet on Division Street and having a frontage of One Hundred Thirty-Two
<br /> (132) feet on Washin�ton Street in said City of Grand Island, Hall County, Nebraska.
<br /> which has the address of 1122 West Division, Grand Island [Screec,Cicy],
<br /> Nebraska 68803 ("Property Address");
<br /> [Zip Code]
<br /> TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and
<br /> fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security
<br /> Instrument. All of the foregoing is refened to in this Security Instrument as the "Property."
<br /> BORROWER COVENANTS that Borrower is lawfully seised 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 uniform covenants for national use and non-uniform covenants with limited
<br /> variations by jurisdiction to constitute a uniform security instrument covering real property.
<br /> UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due the
<br /> principai of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br /> 2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to
<br /> 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
<br /> and assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments
<br /> or ground rents on the Property, if any; (c)yearly hazard or property insurance premiums; (d) yearly flood insurance premiums,
<br /> if any; (e) yearly mortgage insurance premiums, if any; and (� any sums payable by Bonower to Lender, in accordance with
<br /> the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called "Escrow Items."
<br /> Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally
<br /> related mortgage loan may require for Borrower's escrow account under the federal Real Estate Setdement Procedures Act of
<br /> 1974 as amended from time to time, 12 U.S.C. Section 2601 et seq. ("RESPA"), unless another law that applies to the Funds
<br /> sets a lesser amount. If so, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount.
<br /> Lender may estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future
<br /> Escrow Items or otherwise in accordance with applicable law.
<br /> NEBRASKA-Single Family-Fennie Mae/Freddiw Mwe 1�NIPAQM uucTO��u�u� . �
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