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<br /> y.R�t�:NOftPtEST BANA DEED OF TRUS�' � '
<br /> • PO BOX 2A40 �� r r _ . . . � . � - � _
<br /> 0".�AMA.NE 68103__ _ y::�.: -
<br /> A1TN:E.FANN SCHktr� `�G � � _ :
<br /> . MS 5325 TITLECLERK Q� �eac��..:"_
<br /> _ 402�536•2253 �t—d � - .4;;. ..,�n.,::;-
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<br /> TH[S DEED OF TRUST 1"Security InstrumenY'>is made on March 13, 1997 .The trustor is T _� =--_��'
<br /> � •'-���'-V"�'-
<br /> �.,•"�� r
<br /> Johnny P. Pape AKA John Pape and Peggy J. Pape, huaband and wife • , ;#i►
<br /> �'�I��-i
<br /> ,. '.•.��• ,
<br /> �"Borr�►wer"►.Thc�ru.�cc i. Norweat Bank Nebraska, National As�sociation � �-� �
<br /> .' ..—..----�..�
<br /> �. �"Tru�tcti"1. Thc henrlic�ury t, . '�� � �--
<br /> Norwest Bank Nebraska, National Assaciation
<br /> 1,',
<br /> wh�chr.�ar�amixJ;u�J rx�.tin•undcr thr law+uf ,and viho.re - ���__
<br /> b b United States of America � ' �.
<br /> . addretir iti 20Y W. 3rd. Grand Island, Ilebraska
<br /> ('Lender").&�rrower owe,Lender the principal sum of 4 *'• '
<br /> :��-
<br /> �� Twent Two Thousand Five Hundred and 00/100 Dollars(U.S.S 22.500.00 )_ �..1';a���� �
<br /> q . •„�7 .�`.;� i.
<br /> This debt iti evidenced by Borrower'+ note dated the same date as this Security Instrument("Nate").which provides for ; • • . '' �.�--
<br /> � `�� monthly payments,with the full debt.if not paid earlier.due and payable on r�� �g 20(12 • �--��•.=�`5�r�� �
<br /> �'f� This Security Instrument secures to Lender: (a)[he repayment of the debt evidenc�y tTieNo�e,wj�i interest,and all renewals. t ��
<br /> extensions and modiftcations of the Note: (b) the paymen[ of all other sums, with interest, advanced under p�aragraph 7 to • •`"�'".}�,-..� :�
<br /> . ���• ents. For this t�
<br /> . �•? protect the security of this Security Instrument: and (c) the performance of�orrower's covenants and agreem :r:° ;(y�t.;
<br /> � purpose. Borrower irrevocably grants and conveys to Truatee, in trust, with power of sale, the following described property �:�,��
<br /> : ,.� locatedin �11 County. Nebraska: t.. •'.�'r��r,`,;"a,,
<br /> �. ..! ,�,
<br /> ��� Lot 71, Le Heights Fourth Subdivision, Citq of Grand Island, �`;Y''_'�_^
<br /> � aall County, hebraska. •
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<br /> which has the address of 4235 Manchester Grand Island �sirec�.ciry�. '�'�"`'T .
<br /> '� Nebraska 68803 ( °u'���i ~.:c_ � ��:
<br /> ..Property Address"): .�-,�:.-�,-�.-�...-..:.,x--�
<br /> ':: --3-.r.:..;..; .
<br /> � �"Lip Cocic� .,.st��,��;:�i,y�.-..:
<br /> .' ��� TOGETHER WITH all the improvement�now or hereafter erected on the property,and all easements.appurtenances.and �-'��"
<br /> ..,.m..o-,,...,�-_..---.
<br /> fiztures now or hereafter a part of the praperty. All replacemeniti and additions: shaU also be covered by ihis Security •.
<br /> ; Instrument. All of the fore oin is referrcd to in this Securn In�trument as the Pro ert ' '�'""�"'""""`''""'�""
<br /> S S Y P Y• ,.•.7a,..:,.;�-,J
<br /> BORROWER COVENANT5 that Borrower is lawfully seised of the estate hereby conveyeci and hati the right tu grant and � ,.,,,,..,;H„�„
<br /> � � �.� canvey the Prope:ty and that the Property is unencumbered. except for encvmbrances of record. Borrower warrants and will � c • • .
<br /> '� defend generally the title to the Property agamst all claims and demands,subject to any encumbrances of record. ,
<br /> THIS SECURITY INSTRUMENT combiner uniform covenants for national use and nan-uniform covenants with limited : . • �
<br /> ' variations by jurisdiction to constitute a uniform security instrument covering real property. . � �
<br /> UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: —
<br /> 1. Pstyment of Principa! and Interest: Prepayment and Late Charges. Barrawer shall pramptly pay whcn due the •
<br /> principal of and interest on the debt evidenced by the Note and any prepayment xnd late charges due under the Note. .
<br /> Z. Funds tor Tax�and Insurance. Subject to applicable law or to a written waiver by Lendev, eorrower shall pay to .
<br />� � Lender on the day monthly payments arc due under the Note,until the Nc�te is paiJ in full,a tium("Fundti"1 for. (a)yeariy taxes , • E%'
<br /> and asse�sments which may attain priority over this Ser,uriry Instrument sti a lien im the Pmperty:Ibl yearly leaschald payments .
<br /> or ground�ents on the Property,if any:(c)yearly hazard ut property insurance premiums:Id)yearly flaod intiur.ince premiums. • ,
<br /> . if any: le) yearly mortgage insuranre premiums, if any: and(tl any sums payable by Bonower ta Lender, in accordance with .
<br /> th�provisions uf paragraph A, in lieu��f the payment of mortgage insurance premium�. These item.are called "Exrow Itemti." „ .
<br /> Lender may. at any time. collect an,�i hold Hunds in an amount not w exceed the maximum amount a Iender for a federally - .
<br /> � relatc.�l mvrt�age luan may require tor Borrower's e�crow account under the federal Rcal Estate Setdement Procedure�Act of . _ _
<br /> . 1974 ati amended from time to time. 12 U.S.C. Section 2601 e�sey. ("RESPA"J,unless another law that applies to the Funds
<br /> seu a le�+er amount. If sc�. Lc�nder may. at any time, rollect end holJ Fund� in an amuunt not tu exceed the lesser amount. . .
<br /> l�nder may estimate the amuunt of Fund�duc on the h�>iti of current data and reasonable e�timates of expenditures of future - . _
<br /> � ,�� Escrow Item.nr otherwi,e�n acrurdance with applicahle law•. , —
<br /> � � •1 NEBAASKA-Smgle Famdy-FanNe Maortrodd�e Mac UNfPOflflfl iNSiRifdr3E�YT For[m 3028 9/90 °'-,-'_��
<br /> . j ��NI 12T97 MTO vM�MOATGAGF FORMS 4�3�1938�OG �R00�521 719� Pago��ra , /lj�tended 5/91 �, �_- _
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