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<br /> .`' (Spacc Abovc This Line For RccordlnR DatuJ 20�28�6�' _
<br /> `�}��_:�: `=K�� DEED OF TRUST � � -_
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<br />�: �' �.J =� THIS DEED OF TRUST("Security Instrument")is made on DECEMBER 31 , 1 997 .The trustor is
<br />�. . �
<br /> � � MICHEAL R PHILLIPS AND BONITA R PHILLIPS, HUSBAND AND WIFE,
<br />� +°.
<br /> . �;
<br />�<� ` ' ' (•Bonowcr"). The trustcc is FARL D. AHLSCHWEDE, ATTORNEY
<br />;:.'.. ' .. .
<br /> - -•• ' ' ("Trustec").ThebeneCiciaryisThe Equitable Building and Loan Assoeiation '
<br /> �� <��- - ` of Grand Island. Nebraska, A Federal Savings Bank ,Andwhose «--
<br />-� which is organized and existing under the luws of NF.BRASKA
<br /> `� . nddress isP. 0. BOX 160, 1 13-1 1 5 N. LOCUST ST .(.` n�e NDBo�,owe ow es LendeRr hs pAncipa1880 of
<br />_�;�.<.,,�,.,.,: ;..,,
<br />'^�:�r� 'r��` THIRTY SIX THOIJSAND DOLLARS & NO/CENTS
<br /> �,..Y , .�_ Uollars(U.S. $ 36,000.00 ).
<br /> ±:��.t�.-� ..?�.•�,
<br /> y;; This debt is cvidenccd by Borrower's note dated the same datc as this Security Instrument("Note"), which provides or
<br />=��`��' � � monthly payments,with thc full debt, if not paid curlicr,due and payable on JANUARY 1 , 2008
<br /> --`���.�"�,�,,�« This Security Instrument secures to L.ender,(a)the repayment of the debt evidenced by the Notc,w►th interest,ond all renewals,
<br />'��• s�•�•'�,+�a, extensiom und modifications of thc Notc; (b) thc payment of all other sums, with interest, advanced undcr paragraph 7 to
<br /> �_�+ µ�Y �y protect the security of this Securiry Inctrument; and (c) the performanc:. of Borrower's covenants and ugreements. For this
<br /> • �' purposc, Borrower irrevocubly grants and convcys to Trustec, in trust, �vith powcr of sale, the following Coun t Nebraska:
<br />.� located in HALL Y�
<br /> o.�. .
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<br />=" - LOT TWENTY FOUR (24) , WEST BEL AIR FIFTH SUBDIVISION . CITY 0
<br /> 1J'` •'`�- '' GRAND ISLAND� HALL COUNTY, NEBRASKA.
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<br />- 1746 S DOREEN, GRAND ISI,AND ��`
<br /> �Strce�,City). �.'•
<br /> which has thc address of �
<br /> 1 Ncbraska 68803-6121 �l�pc�x►c� ("PrupertyAddrctis"): �.
<br />- NEBRASKA-Single Family-FNMA/FHLMC UNIFORM IIIIIIIIIIIIIIIII IIIIIIIIIIIIII Irll i
<br />- INSTRUMENT Form 3028 9I90 I
<br /> _ � (�0 BRINEI iez�2�u� Amended 6/97 _
<br /> VMP MOHTGACE FOHMS �8001571 7771
<br /> -. .---- '..._._ `• Prm1oO on RctYClyd PaDOr Paprt 1 of 0 R
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