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98103061
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Last modified
3/12/2012 11:37:47 AM
Creation date
10/19/2005 5:31:09 PM
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DEEDS
Inst Number
98103061
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� � g$- iCj3061 <br /> grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County of <br /> xALL , State of Nebraska: <br /> SEE LEGAL DESCRIPTION ATTACHED HERETO AND MADE A PART HEREOF. <br /> which has the address of 1512 S. L2NCOLN STREET , <br /> GRAND ISLAND [ciry) , Nebraska 68801 [ZIP Code] (herein "Property Address") <br /> TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, <br /> appurtenances and rents (subject however to the rights and authorities given herein to Lender to collect and apply <br /> such rents), all of which shall be deemed to be and remain a part of the property covered by this Deed of Trust; and <br /> all of the foregoing, together with said property (or the leasehold estate if this Deed of Trust is on a leasehold) are <br /> hereinafter refened to as the "Property"; <br /> TO SECURE to Lender the repayment of the indebtedness evidenced by Bonower's note dated <br /> FEBRUARY 19, 1998 and eztensions and renewals thereof(herein "Note"), in the principal sum of <br /> U.S. $ 23,735.11 , with interest thereon, providing for monthly installments of principal and interest, <br /> with the balance of the indebtedness, if not sooner paid, due and payable on MARCH 2, 2018 ; <br /> the payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this <br /> Deed of Trust; and the performance of the covenants and agreements of Bonower herein contained. <br /> Bonower covenants that Bonower 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. Bonower covenants <br /> that Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to <br /> encumbrances of record. <br /> UNIFORM COVENANTS. Bonower and Lender covenant and agree as follows: <br /> 1. Payment of Principal and Interest. Bonower shall promptly pay when due the principal and interest <br /> indebtedness evidenced by the Note and late charges as provided in the Note. <br /> 2. Funds for Taxes and Insurance. Subject to applicable law or a written waiver by Lender, Borrower shall <br /> pay to Lender on the day monthly payments of principal and interest aze payable under the Note, until the Note is <br /> paid in full, a sum (herein "Funds") equal to one-twelfth of the yeazly taxes and assessments (including <br /> condominium and planned unit development assessments, if any) which may attain priority over this Deed of Trust, <br /> and ground rents on the Property, if any, plus one-twelfth of yeazly premium installments for hazazd insurance, plus <br /> one-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and <br /> from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof. Borrower shall <br /> not be obligated to make such payments of Funds to Lender to the extent that Bonower makes such payments to the <br /> holder of a prior mortgage or deed of trust if such holder is an institutional lender. <br /> If Bonower pays Funds to Lender, the Funds shall be held in an institution the deposits or accounts of which <br /> are insured or guazanteed by a federal or state agency (including Lender if Lender is such an institution). Lender <br /> shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender may not charge <br /> for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and bills, <br /> unless Lender pays Bonower interest on the Funds and applicable law permits Lender to make such a charge. <br /> Bonower and Lender may agree in writing at the time of execution of this Deed of Trust that interest on the Funds <br /> shall be paid to Bonower, and unless such agreement is made or applicable law requires such interest to be paid, <br /> Lender shall not be required to pay Bonower any interest or earnings on the Funds. Lender shall give to Borrower, <br /> without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for <br /> which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this <br /> Deed of Trust. <br /> For <br /> ��-761NE1 issoz� Page 2 of 6. 1n1t181s: <br /> � <br />
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