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<br /> 18pac� Abov�Thi� lln• for R�cordl�p DataJ
<br /> FHA Cas• No.
<br /> State of Nebraska DEED OF TRUST 321-191949-9 703 ��
<br /> THIS DEED OF TRUST ("Securiry Instrument") is made on MerCh 27th , 1998
<br /> The trustor is SHELLY A HENKE . AN UNMARRIED INDIVIDUAL �,
<br /> ("Borrower^).
<br /> The trustee is COMMERCIAL FEDERAL BANK. A FEDERAL SAVINGS BANK 98 50 "M" ST (�rustee^).
<br /> The beneficiary is UNITED NEBRASKA BANK
<br /> which is organized and existing under the lews of NEBRASKA . end whose address is
<br /> 700 N. WEBB RD. GRAND ISLAND, NE 68803 ("Lender").
<br /> Borrower owes Lender the principal sum of Flftv Two Thousand Nine Hundred Fifty and 00/100
<br /> Dotlars (U.S. 3 52.950.00 ). This debt is evidenced by Borrower's note
<br /> dated the same date as this Security Instrument ("Note"), which provides for monthy payments, with the tull debt, M not paid
<br /> earlier, due and payable on Aprll 1. 2028 . Th(s Securiry Instrument secures to Lender: (a) the repayment
<br /> of the debt evidenced by the Note, wkh interest, and all renewals, extensions end modifications of the Note; (b) the payment of
<br /> all other sums, with interest, advanced under paragraph 6 to protect the securky of thfs Security Instrument; and (c) the
<br /> performance of Borrower's covenants and agreements under this Securiry instrument and the Note. For this purpose, Borrower
<br /> irrevocably grants and conveys to Trustee, in trust, with power ot sale, the following described property located in
<br /> HALL County; Nebraska:
<br /> LOT ONE (1), BLOCK THREE (3), CLAUSSEN COUNTRY VIEW ADDITION, TO THE CITY OF GRAND
<br /> ISLAND, HALL COUNTY, NEBRASKA.
<br /> which has the address of $06 S CLAUSSEN GRAND ISLAND
<br /> (3trest) (qtYl�
<br /> NEBRASKA 68801 ("Property Address");
<br /> (Stat�� �21p Cods)
<br /> TOGETHER WITH all the improvements now or hereaRer erected on the property, and atl easements, appurtenances, and
<br /> f'octures now or hereafter a part of the property. All replacements and additions shall be covered by this Securfty Instrument. All
<br /> of the foregoing is referred to in this Security Instrument as the "Property".
<br /> BORROWER COVENANTS that Borrower is Iawfully seized 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 ot record. Borrower warrants and will
<br /> defend generalty the tkls 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-uni(orm covenants wkh limked
<br /> variations by jurisdiction to constitute a uniform security instrument covering real property.
<br /> Borrower and Lender covenant and agree as follows:
<br /> UNIFORM COVENANTS.
<br /> 1. Payment of Prfncipal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest
<br /> on, the debt evidenced by the Note and late charges due under the Note.
<br /> 2. Monthly Payment of Taxes, Insurance, and Other Charges. eorrower shall include in eacn monthly
<br /> payment, together with the principal and interest as set forth in the Note and any Iate charges, a sum for (a) taxes and special
<br /> assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c)
<br /> premiums (or insurance requ�ed under Paragraph 4. In any year in which the Lender must pay a mortgage insurance premium to
<br /> the Secretary of Housing and Urban Development ("Secretary"), or in any year in which such premium would have been required
<br /> ff Lender still held the SecurRy Instrument, each monthy payment shall also Include ekher: (i) a sum for the annual mortgage
<br /> insurance premium to be paid by Lender to the Secretary, or (if) a monthly charge fnstead of a mortgage insurance premium if
<br /> this Security Instrument is held by the Secretary, in a reasonable amount to be detennined by the Secretary. Except for the
<br /> monthy charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow
<br /> Funds."
<br /> FSBI3.LM0 (t/98) Pays 1 0l 5
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