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<br /> DEED OF TRUST � �� �
<br /> THIS DEED OF TRUST ("Security Instrument") Is made on June 25 , 1999 . The trustor
<br /> Is Theodore R. Shafer and Karla Shafer Husband and Wife
<br /> ("eorrower").
<br /> The trustee Is AOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF NEBRASRA
<br /> ("Trustee").
<br /> The beneticiary (s HOME FEDERAL SAVINGS AND OAN ASS C AT ON F NEBRASKA ,
<br /> which is organized and existing under the laws of UNITED STATES OF AMERICA , and whose address
<br /> �s 201 WEST 7TH STREET LEXINGTON NEBRA KA 68850 ("Lender").
<br /> Borrower owes Lender the principel sum oi __Eig ty ree ousan S� Hun re irty an NO 1 0------
<br /> '-`�----------------------- Dollars (U.S.$ 83,630.00 ). This debt is evidenced by Borrower's note dated lhe
<br /> same date es this Security Instrument ("Note"), which provides for monthly payments, with lhe tull debt, it not paid earller, due and
<br /> payable on _ July 1, 2000 . Th(s Security Instrument secures to Lender: (a) the repayment o( the debt evidenced
<br /> by the Note, with interest, and all renewals, extensions and modiflcatlons of the Note; (b) the payment o( all other sums, with Interest,
<br /> advanced under paragreph 7 to protect the security ot this Security Instrumenh and (c) the performence of Borrower's covenants end
<br /> agreements. For thfs purpose, eorrower irrevocebly grants and conveys to Trustee, In trust, wlth power ot sale, the (ollowtn described
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<br /> property located fn flall Count Nebrask :
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<br /> Y� e
<br /> Lots One Hundred Eighteen (118), One Hundred Nineteen (119), One Hundred �enty
<br /> (120) and One Hundred 7�enty-One (121), in Hawthorne Place, Hall County, Nebraska
<br /> whtch has the address ot 406 E Delaware Ave , Grand Island ,
<br /> 9treet G�y
<br /> Nebraska 68801 ("Property Address");
<br /> Zlp Cods
<br /> TOGETHER WITH all improvements now or herea(ter erected on the property, end all easements, appurtenances, and fbctures now
<br /> or hereatter e part of the property. All replacements and additions shall be covered by this Security Instrument. AII of the toregotng Is
<br /> referred to in this Security Instrument as the "Property."
<br /> BORROWER COVENANTS that Borrower is law/ully seised of the estate hereby conveyed end hes the right to grant and convey
<br /> the Property and that the Property is unencumbered, except for encumbrances o( record. Borrower werrents end wfll defend generally
<br /> the title to the Property against all claims end demands, subJect to any encumbrnnces of record.
<br /> THIS SECURITY INSTRUMENT combines unitom► covenants for national use and non-unHorm covenants wkh Ilmited vartetions by
<br /> Jurisdiction to constitute a uniform security Instrument cover(ng real property.
<br /> UNIFORM COVENANTS. Borrower and Lender covenant end agree as tollows:
<br /> 1. Payment of Principal and interest; Prepayment and Lete Charges. Bonower shali promptly pey when due
<br /> the principal ot and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br /> 2. Funds for Taxes and Insurance. SubJect to applicable law or to e written waiver by Lender, BoROwer shell pay to
<br /> Lender on the day monthly payments are due under the Note, until the Note ts paid in full, a sum ("Funds") tor: (a) yearly taxes end
<br /> assessments wh�h may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or ground
<br /> rents on the Property, i( any; (c) yearly hazard or property insurance premlums; (d) yearly flood (nsurance premiums, H any; (e) yearly .
<br /> mortgage insurance premfums, if any; and (f) any sums payable by Borrower to Lender, (n accordance wlth the provislons of peragraph
<br /> 8, in lieu of the payment oi mortgage insurance premiums. These (tems are celled "Escrow Items." Lender may, et any time, collect
<br /> and hold Funds in an amount not to exceed lhe maximum amount a lender (or e federelly related mo�tgage loen may requlre (or
<br /> NEDRASKA-Sinyle FamllyFannls Mae/Frsddle Mac UNIFORM IN3TFiUMENT Form 302e 9/90
<br /> F�o29.1M0 (10/97) Paps 1 ot 5
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