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,,. 98- 1(►3Q'78
<br /> [Space Abnve This Llne For Recording Deta]
<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST("Security Instrument")is made on February 24, 1998 .The trustor is
<br /> Randall J. and Jean M. Kathman, husband and wife
<br /> ("Borrower").The trustee is Norwest Bank Nebraska, National Asaociation 1
<br /> ("Trustee").The beneficiary is Norwest Bank Nebraska, National Aasociation
<br /> which is organixed and existing under the laws of Nebraska ,and whosc
<br /> addressis 747 No. Burlington — Hastings, NE 68901
<br /> ("Lender"). Borrower owes Lender the principal sum of
<br /> Seventy Five Thousand and no 100-------------------- ( 75 000.00 ).
<br /> � ------_Uollars U.S.$
<br /> This debt is evidenced by Borrower's note dated the same date as this Security Inslrument("Note"),which pruvides for
<br /> monthly paymen�s,with the full debt,if not paid earlier,due and payable on March 15, 2005.
<br /> This Security Instrument secures to L.ender:(a)the repayment of the debt evidenced by the Note,with interest,and�II renewals,
<br /> ex�ensions anJ mociificalions of the Note; (b) the paymenl of all olher sums, with interest, advanced unJcr parn�;raph 7 to
<br /> pro�ect thc securiry of this Securily Instrument; and (c) the perform�nce of Borrower's covenants nnd agrecments. Fur this
<br /> purposc, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following dcscribccl prupcily
<br /> lucalcd in
<br /> Hall County,Ncbraska:
<br /> Lot Eleven (11), Bison Meadows, Hall County, Nebraska.
<br /> which has the aJdress of 405 No. 4th St. — Doniphan �s�rcc�,Ciiy�,
<br /> Nebraska 68832 ("Property Address");
<br /> �Zip Codc�
<br /> � TOGE'THER W1TH all the improvements now or hereaRer erected on the property,and all easements,appurtcnances,and
<br /> fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Sccurily
<br /> Instrumcnt.All of the forcgoing is referred ro in this Security Instrument as the"Property."
<br /> BORROWER COVENANTS that Borrower is lawfully seised of Ihe est�te hercby conveyed and has thc right to grant and
<br /> amvcy the Pmperty and that the Property is unencumbercd, except far encwnbrances of record. Borrower warrants and will
<br /> JefenJ generally the tiUe to the Property against all claims and demands,sunject to any encumbr.mces of record.
<br /> TIIIS SECURITY INSTRUMF.NT comhincs uniform covenants for n�tional usc and non-unifonn covcn;m�x with limitcd
<br /> variations by jurisdiclion lu ronstilWC a uniform security instnunent covering real properry.
<br /> UNIPORM COVENANTS. Borrowcr amd Lender covenant and agree as fullows:
<br /> I. Pa}ment of Principal and Interesh, Prepaymenl and Lale Char�;es. [�orrower shall promplly p:ry whcn duc Ihc
<br /> rrincipal of anJ imeresl on the debt eviJenceJ by the Note and any prepayment and I.de charges due under Ihe Nu�e.
<br /> 2. Funds for'faxcs�nd Insurancc. Suhjcct to applicaMc law or to a wriucn w.iivcr by Lcndcr. Borruwcr shall pay lo �
<br /> Lcndcr on thc day m�mthly p�iyi»enls are due widcr thc Nole,until lhc Notc it paid in full.;i sum("Punds")for. (;il ycarly lascs ,.
<br /> ;ind asxcssmrnls�vl�ich nury aUain priurity ovcr Ihis Sccurity Instrumcnt as a lien on thc 1'ro�icrly; (hl ycarly Icaschuld p;iymcnlx « �
<br /> i f,g'oune�)re��ar1�11m',rt�ageen uiuro'ny.(c)yearly hazard or properly insurance premituns:(d)ye.uly floud in.tiurance premiumti,
<br /> � c�rcmiunc:, i!an�: .�nd (f) any suni,pay,ii�l� i�y 8uiru��ci �u LcnJa, in acc�irdancc�vi�h •��i
<br /> thc pro��isions of paragraph R, in lieu of thc paynunl of morlgage insurance prcmiuntc. '1'hcse ilcros arc r.dlcd "F,scruw Itcros."
<br /> l.cndcr m.iy. :il any timc. collccl anJ hold PmiJs in an amount nol lo excecd thc maximutm m���un� a Icndcr for ,i fcdcr:dl�,
<br /> rclated mortg;ige �uan ❑c�y reyuire for Borrower's escrow accowri unJer Ihe Iederal Rcal Eslate Setllemenl Pri�ccdureti ncl uf '���
<br /> 1974 as:imcndcJ frum timc to limc. 12 U.S.C. Scction 2601 er.rey. 1"RGSI'A"), unlcss anuther law Ih.�t applics to thc I�und�
<br /> scls a Iesscr.muwnt. If so, Lcnder may, a1 any time, collect and hold'Funds in an amount not to excccd Ihe Icsscr amount.
<br /> �-cnder may eslimale the amounl uf Funds duc un thc basis of current dala and re.isonable rslimates of expenditurcs ol'futurc
<br /> fsscraw Items or otherwise in accordance with applicable law.
<br /> NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTqUMENT
<br /> ��NI 12T97 VMP MORTGnGf FORMS 13131793 q100 I800�5?1 72!11 p,�4����q Fonn 3028 9/90
<br /> Amended 5/91
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