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<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST p'Security Instrument'1 is made on �CH 31,1898 �
<br /> The truator is DUANE R.LEIBERT AND CARMEN H.LEIB p�
<br /> ,� �"Atfnnw� Tha tn�etm ia �(1
<br /> (1T.Tl RFPTTRT.T( NATT(1NAT. TTT1.F. TNSiTRANf'.F Cf1MPANY (1 v� �
<br /> CHERRY CA „ ���L�CT�ustee'�.The beneflclary is
<br /> ,wh�h le orgenized and existlng
<br /> under the laws of ,and whose address la
<br /> 3300 EAST FIR 460, � 80208 ("Lender'�.
<br /> Borrower owes Lender the p►incipel sum of
<br /> Fltly Two Thousand Five Nundnd and 00/100
<br /> Dollars(U.S.a b� •W �.This debt la evidenoed by Borrower's note dated the same date es thle 3ecurlty InaWment
<br /> ("Note'�,which provides tor mcnthly payments,with the tull debt,If not pald earfler,due end payable on�R�� ���8
<br /> This Securiry Instrvment secures to Lender:(a)the repaymeM of the debt evidenced by the Note,wfth interest, end sll renewels,extenalons
<br /> and mod�icatlons of the Note; (b)the payment of all other sums,with interest, advanced under paragreph 7 to protect the securiry of this
<br /> Security Instrument; and(c)the performance of Borrower's covenants and egreements. For this purpose, Borrower irrevocably grents and
<br /> conveys to Trustee,in trvst,wfth power of sale,the folbwing deacribed property located In
<br /> FIALL
<br /> Counry,Nebreska:
<br /> SEE ATTACHED LEGAL DESCRIPTION
<br /> Part of the Southeast Quarter (SEl/4) of Sectlon One (1), TawnsLip Eleven (il) North, xange
<br /> ' Ten (10) West of the 6th P.M., in Grand Island, Hall County, Nebraska, more particularly
<br /> � descrlbed as [ollows: Beginntng at a point on the East llne of sald Southeast Quarter, which
<br /> point is 495.00 feet Nort6 of the Southeast Corner thereof, running Wence North along the East
<br /> line of said Southeast Quarter of said Section, 165.0 feet, running thence West parallel to the
<br /> South line of said SoutLeast Quarter of said Section One, 264.0 feet, running thence South
<br /> parallel to the East line o[ said Southeast Quarter of said Section 165.0 feet, running thence
<br /> East parallel to the South line of said Southeast Quarter of said Section One, 264.0 feet, to the
<br /> , point of beglnning.
<br /> .
<br /> which has the eddress of �NORTH WEBB ROAD GRAND ISLAND
<br /> [3trsst] [City]
<br /> Nebraska ��' ("Property Address");
<br /> [2ip Cods)
<br /> TOGETHER WITH all the improvemenb now or hereafter erected on the property,and all easements,appurte�ances,and flxtures now
<br /> or hereaiter a part of the property. All replacements and addiUons shall also be covered by this Securiry Instrument. All of the toregoing ia
<br /> referred to in this Security InsUvmerrt as the"Property."
<br /> BORROWER COVENANTS that Borrower is lawfully seised oi the estate hereby conveyed and has the right to grant and convey the
<br /> Property and that the Property is unencumbered,except for encumbrances of record. Borrower warrants and wlll defend generally the title to
<br /> the Property agatnst all claims and demands,subject to any encumbrances of record.
<br /> THIS SECURITY INSTRUMENT combines un(form covenants for national use and non-unfforrn covenanb with Iimited variaUons by
<br /> jurisdicUon to constitute a uniform security instrument covering real property.
<br /> UNIFORM COVENANTS.Borrower and Lender covenant and agree as follows:
<br /> 1.Paymant of Principal and Intsrest;Prepayment and Late Charges. Borrower shall prompUy pay when due the principal of
<br /> and interest on the debt evfdenced by the Note and a�y prepayment and late charges due under the Note.
<br /> 2.Fuods ior Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on
<br /> the day monthly payments are due under the Note, un�l the Note is paid in full, a sum("Funds")for: (a)yearly taxes and assessments which
<br /> may attain prioriry over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or ground rents on the Pro e
<br /> p rty, if
<br /> any; (c)yearly hazard or property insurance premiums;(d)yearly flood Insurance premlums,if any; e)yearly mortgage insurance premiums,
<br /> ii any;and(�any sums payable by BoROwer to Lender,in accordance with the provisfons of paragra�ph 8,in Iieu of the payment oi mortgage
<br /> insurance premfums. These ftems are called"Escrow Items."Lender may,at any Ume,collect and hold Funds In an amount not to exceed the
<br /> maximum amount a lender for a federelly related mort age loan may require for Borrower's escrow account under the federal Real Estate
<br /> Settlement Procedures Act of 1974 as amended from�me to tlme, 12 U.S.C. SecUon 2601 et seq. ("RESPA'7, unless another�aw that ap-
<br /> plies to the Funds sets a lesser amount. If so, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser
<br /> amount. Lender may es�mate the amount of Funds due on the basis of current data and reasonable estlmates of expenditurea of iuture
<br /> Escrow Items or othervvise in accordance with applicable law.
<br /> The Funds shall be held in an fnstRutlon whose deposits are insured by a federal agency,instrumentality,or enUty(including Lender,
<br /> if Lender is such an institu�on)or tn any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items. Lender mey not
<br /> charge Bonower tor holding and applying the Funds, annually anelyzing the a4crow account, or verifying the Escrow Items, uniess Lender
<br /> pays Borrower interest on the Funds and applicable law pem�its Lender to make such a charge. However,Lender may require Bo►rower to
<br /> pay a one-tlme charge for an independent real estate tax reporting service used by Lender in connecUon with thts loan,unless appl�able law
<br /> provides otherwise. Unless an agreement is made or applicable law requires interest to be pafd, Lender shall not be required to pay
<br /> BoROwer any interest or earnings on the Funds. Borrower and Lender may agree in writlng, however, that interest shall be paid on the
<br /> Funds. Lender shall give to Borrower,without charge,an annual accounUng of the Funds,showing credib and debits to the Funds and the
<br /> �urpose for which each debit to the Funds was made, The Funds ere pledged as addiHonal security for all sums aecured by thla Sequity
<br /> nstrument.
<br /> NEBRASKA -Single Family-Fannle Mae/Freddle Mac UNIFORM INSI'RUMENT Form 3028 �P �or pss)
<br /> GFS Form-G000036(4L9) Inidals
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