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<br /> -__�.� DEED OF TRUST
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<br />-•r�'��°' � DECEMBER 8 t 1997 . The trustor is
<br />°���i_��� THIS DE6D OF TRUST("Security [nstrument")is made on
<br /> '���, PE(i4Y L. RAE, A SIN(3LE PERSON
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<br /> ��� �:� EARL D. AHLSCHWEDE, ATTORNEY
<br /> _::� „:�, {"Borrower").The trustee is
<br /> :.;�.:i.-�;�;
<br />:.�t7am„�� THE EQUITABLE HUILDIN(3 AND LOAN ASSOCIATION
<br /> -- ==�-- ("Trustec') Thebeneficia �S NEBRASKA, A FEDERAL SAVIN(3S BANK
<br /> ��-_°''--• OF GRAND 1 SLAN�, NEBRA3KA ,and whose
<br /> _,.,..�.,�
<br /> _:�;�"r.,� which is crganized and existing under the laws of
<br /> -�•+���� addressis 113-115 N LOCUST, ORAND ISLAND, NE 68801
<br />_.-� _ ��• ("Lender"). Borrower awes Lender the principul sum of
<br /> __-::�:�t
<br /> `���;'T_�'� 243,592.62
<br /> -=•�.'G�;�.'""� 1W0 H(JNDRED FORTY Tf�tEE TfiOUSANA FIVE HUNDRED NINETY 'TVYODRTlRrs�1��� ).
<br /> `°;t�i�'�J-~_ This debt is evidenced by Borrower's note dated the same date as this Sec DECEMBER�15,tc1�998 ch provides for
<br /> monthly payments,with thc full debt,if not paid earlier,duc and payable on
<br /> ._____� This Seeurity Instrument secures to L.ender: (a)the repayment of the debt evidenced by the Note,with interest,and all renewuls,
<br /> --� extensions and modifications of the Note; (b) thc payment of all other sums, with interrst. advunced under paragraph 7 to
<br /> ""'�"""'' � protect the security of this Securiry Instrument; und (c) the performance of Borrower's covenants and agreements. For this
<br /> .�''`�}�,,.;�, purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the fallowing described property
<br /> County, Nebraska:
<br /> - r �� located in gpLLL
<br />�.�=.;��t,'�;:
<br /> _°"':t'itd'"
<br /> '�`nXi��- I,OT TWENTY ONE B (21 B) • BLOCK ONE ( 1) , PONDEROSA LAKL� ESTATES
<br /> y-�'� � " SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
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<br /> '' 1 10 PONDEROSA DR, GRAND I SLAT�IU �strcct,ci�yl.
<br /> . which has thc address of�3801 �
<br /> • Ncbraska �l.�p c�+dcl ("Property Address");
<br /> NEBRASKA•Single FamilyFNMA/FHLMC UNIFORM 1 IIIIIIII�I
<br /> INSTRUMENT Form 3028 9/90 I I��IIII�IIII III�IIIIII II
<br /> ` �oBR(NE)�sz�xio+ Amended 6/97 �
<br />- VMP MONTGAGE FORMS�180016 2 7 4701 �
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