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' c-n t � � � r� cn .� � C.) --� �.,v JA N :� _- �y e."T;i il� � ' (� (� = n --' _ t ; ��r't> .zr '~ m cDi� °fl� -� .; _J . ' `. ' �ca � = N � � � w -n � � � � J . �� L �' = rn ~ "' � � �� _> ca C� ,-�' � M' � �: i— �:.J fV � �3 n�\�� ,� � �,a ! � � ca r � � 7+; � � � � �� rJ �� � �� w � .J o � � �' � (8pac� Abov�Thl� Lln� For Rscordlnp DataJ DEED OF TRUST THIS DEED OF TRUST ("Security Instrument") is made on March 27th 1998 . The trustor is _S_COTT J REZAC AND TRACI L REZAC . HUSBAND AND WIFE. ("BOrrOwer"). Tne trustee Is UNITED NEBRASKA BANK 700 N WEBB ROAD GRAND ISLAND NEBRASKA 68803 ("Trustee"). The beneficiary is UNITED NEBRASKA BANK , which is organized and existing under the laws o( NEBRASKA , and whose address is 700 N. WEBB RD. GRAND ISLAND. NE 68803 ("Lender"). Borrower owes Lender the principat sum of NinetV Tw0 ThOUSend Fifty 811d 00/100 Dollars (U.S.3 92,050.00). This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, wkh the full debt, if not paid earl"�er, due and payable on April 1, 2028 . This Securfty Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and mod'rfications of the Note; (b) the payment of all ofher sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance o( Borrower's covenants and agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located � HALL County, Nebraska: LOT FIVE (5), IN CAPITAL HEIGHTS SIXTH SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. which has the address ot 4207 TEXAS AVE , GRAND ISLAND st�e.� a�y Nebraska 68803 ("Property Address"); 21p Code TOGETHER WITH all imp�ovements now or hereafter erected on the property, and all easements, appurtenances, and (ixtures now or hereaRer a part of the property. All replacements and additions shall be covered by this Security Instrument. A�i of the foregoing is referred to in this SecurRy Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully 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 warrants and will defend generally the title to the Property against all c�aims 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 uniform securfty 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 law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid h full, 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 premiums; (d) yearly flood insura�ce premiums, � any; (e) yearly mortgage insurance premiums, 'rf any; and (� any sums payabie by Borrower to Lender, in accordance wRh 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, collect and hold Funds in an emount not to exceed the maximum amount e lend� for a federally related mortgage ban may requke for NEBRASKA-Sinyls Family-Fannis Mas/Frsddis Mac UNIFORM INSTRUMENT Form 302e 6/90 F1029.LM0(10/B7) Paps 1 of 5