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<br /> DEED OF TRUST
<br /> �
<br /> THIS DEED OF TRUST is made this 2 3 rd day of Apri 1 , 19 9 8 among the Trustor, ��
<br /> JACK J STAFFORD KAREN J STAFFORD,HUSBAND AND WIFE AS JOINT TENANTS AND NOT AS � �
<br /> TENANTS IN COMMON. (herein "Borrower"), �`
<br /> Michael F. Kivett (herein
<br /> "Trustee"), and the Beneficiary, CONII�RCIAL CREDIT CORPORATION
<br /> �
<br /> a coxporation organized and existing under the laws of Maryland , whose
<br /> address is 3415 WEST STATE STREET GRAND ISLAND NE 68803 (herein
<br /> "Lender").
<br /> BORROWER, in consideration of the indebtedness herein recited and the tmst herein created, irrevocably grants
<br /> and conveys to Trustee, in trust, with power of sa1e, the following described property located in the County of
<br /> Hnr,L , State of Nebraska:
<br /> ALL THAT PARCEL OF LAND IN CITY OF GRAND ISLAND, HALL COUNTY, STATE
<br /> OF NEBRASKA, AS MORE FULLY DESCRIBED IN DEED BOOK 95, PAGE 101765,
<br /> ID#400084481, BEING KNOWN AND DESIGNATED AS LOT SIX (6) ,
<br /> BLOCK FIVE (5) , ROLLINS ADDITION, CITY OF GRAND ISLAND, HALL COUNTY,
<br /> NEBRASKA.
<br /> which has the address of 824 w 6TH , GRAND ISLAND ,
<br /> Nebraska 6 8 8 01 (herein "Property Address");
<br /> TOGETHER with all the improvements now or hereafter erected on the property, and a11 easements, rights,
<br /> appurtenances and rents (subject however to the rights and authorides given herein to Lender to collect and apply such
<br /> rents), all of which shall be deemed to be and remain a part of the property covered by this Deed of Trust; and all of the
<br /> foregoing, together with said property (or the leasehold estate if this Deed of Tn�st is on a leasehold) are hereinafter
<br /> refered to as the "Property";
<br /> WHEREAS, Bonower is indebted to Lender in the principal sum of$ �0,0 0 0.0 0 , or so much
<br /> thereof as may be advanced pursuant to Borrower's Home Equity Line of Credit Agreement and Disclosure Statement
<br /> dated 0 4/2 3/19 9 8 and any extensions and renewals thereof(herein "Note")providing for monthly installments, and
<br /> interest at the rate and under the terms specified in the Note, including any adjustments in the interest rate if that rate is
<br /> variable, and providing for a credit limit stated in the principal sum above and an inidal advance of$ 0.o o ;
<br /> TO SECURE to Lender the repayment of the indebtedness, including future advances, evidenced by Borrower's
<br /> Note, with interest thereon at the applicable contract rate (including any adjust�nents to the amount of payment or the
<br /> contract rate if that rate is variable), and other charges; the payment of all other sums, with interest thereon, advanced in
<br /> accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and agreements of
<br /> Bonower herein contained.
<br /> Borrower covenants that Borrower 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. Borrower covenants that
<br /> Borrower warrants and will defend generally the tide to the Property against all claims and demands, subject to
<br /> encumbrances of record.
<br />
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