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<br /> THIB:DE�}t}F THUST("Security Instr�ment"I is cnad�e�,� t'�t3rch 23
<br /> � � - �9fl •T����:�<�Richard A. 6rabbs ano L�= A. Grabt�e, Husband and Wife
<br /> _ � f'•Borro�v�s"��:The tr�stee ie AREND R.BAACK.aftorr�y C'Tru�tee").
<br /> The bene��fsry'is HOME FEOEqAL SAVINGS AND LOAN/�s50CiAT10N OF GRAND ISLAND. NEBRASKA, �vl�ich ia
<br /> organized�ad esi�iing vnder the tsws of NEBRA&KA,and whose addnss is Z21 South I.oCUSt,Qrand Islsnd,N�bnska
<br /> 6i/01("Lea�er").
<br /> BorrowtrawesLenderthcprincipalsumof T�er�ty Qne Thousand four Hundrec� and r?�;r`�0--=-=-_--
<br /> -- DoAais N.S.S 2'I,�O�i.0� ).This deist is evidericcd by Borrawer's note �,
<br /> dated the same date as this Secnrity instrument("Note"),ahich pravides for monthly payments,with ttce fuA deb�if not
<br /> paid rulier,due and gayable an Apri 1 1, 2010
<br /> This SecuritY Insuu�t secures to Lendes:(a)Ahe repayment of the debt evidenced by the Note.�v'sth interest.and alI� •
<br /> iene�v�ts.ea�tensions a�a*adi6cations;(b)the paym.ent of all other sums,with interest,advanced�.�der paragraph 7 ta �
<br /> prouct the sxuricy o€c�s Security Iustrument;and Qc9 cha Petfom�ance af Borrower's caveAants sut�9graments.Far this �
<br /> PurP�.���s urevocsbly grants and conveys to�nrstee.ia trust,arith power of sate,the faIlov�cig dcscribed,property� �.
<br /> toc�ted in� Hal l Caunty.Nebiaska: �:;-`;;:.
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<br /> '•:i;;i;�
<br /> Center Q�e-Third (1/3) of Lot Qne (1) of Win�olph's Subdivision of a part of �
<br /> the ,W2st Half of the Ilortheast quarter (�f�NE�) anc� a Part of the East Half of ����
<br /> . the t�or�nwest Quarter (E�IV'W$) of Sectior. Fourteen , (14), Town�ip eleven {11) - �
<br /> .. �:
<br /> ticr�h, Range Nine (9j West af the 6th t�.P�i., in Ifall County, Nebraska, more �
<br /> � `�.3rticularly described as follows: commencing at the Northeast corner of said :�
<br /> L�t Une ('!), running thence West of the Nor*h line of said Lot �ne (1}, a distar�ce
<br /> Qf Eighti=Three and Seuenty-One Huncred�hs {83.71 ) feet ta the actual po��t of :
<br /> beginni��g, thence running South paralleZ u�:th the East line of said Lat One (1 ), '
<br /> � distance of Nine Hundred Seuen and Five-7enths (907.5) feet, running thence � •
<br /> �;2st paralle2 with the North line of said Lat One (1), a distance of Eighty-three ` '
<br /> . and Seventy-One. Hundredths (83.71 � feet, ��re ar less, (said distance being the �:;.�;.
<br /> center One-third (1/3) of said Lot at this Yoint�; thence running North parallel •
<br /> , w��th the West li�� of said Lot One (1 ), : dista�,:e af Nine Hundred Seven and ��'�
<br /> �:�re-Tenths (907.5'r feet to the NCrth ?i�= of s�i�� Lot Qne (1 ), being Eighty-
<br /> ;,r�ree and Seventy-One Hundredths (E3.7'C }- feet e.:�t� of the Northwest corna�� of
<br /> said lot ��e (1); running East on the �;�rt�� lin� �f said Lot One (1), a dis�rcce
<br /> �f Eight�y�-t�ree and Seventy - One Hur�re�th; !83.71) feet to the point of
<br /> ���ainninr. �, . '
<br /> ,
<br /> Mhicbhzstheaddressof Z515 East 5eedling f�il� Rnad Grand Island
<br /> [su.a�� ' ���� •
<br /> Ntb»atcs 68801 (•�Property Address"}; �-_ -�
<br /> (2�a CoO��
<br /> To�E7�Heit Wt77�all �he impmvemcnts now ar hereaf'ter erected vn the praperty, and alJ easements, rights,
<br /> appurtenances.ants. royattid,mineral, oil and gas rights and proRts, water rights and stack and alt fixtutes now or '
<br /> �aRe�r��A t+�tltepto�eity_A!t teplacc�tcnts utd aQd;tivnsshaii alsv i�ecovere�by thts Secuttty instrument.All of the - �
<br /> ronao�a�s t�«t�a eo in this Security Instrument es the"Proprrcy... �
<br /> � BORROwER CovENAl�sTS that gorrowtc is ta�vfully seised of the estate hereby conveycd and has the nght to grant �
<br /> ar.d co�vty the�roperty md that the prflperty is nnrncumbtrtQ.eacepf tar encumhrances of rerord. 8onower warrants �`t
<br /> and wi11 Qefrnd senerally the titfe ta the Property ngd�isi u11 cla,ms and demands,subjet:t to any encumbrances af reror� �:
<br /> THtS SECI'Rtri�1!�StRCM�NT cnmbines u�ltll�trn r�vtAantS far natiun�i use bnd non•umform euvenants w�th �-t�
<br /> I�m�ted vanat�nns by�unsd�ct�an to cana.�tw4 a un�firrm se:�utsty instrument rovenng reul pn�perty, '.� . _
<br />� NEQRAgII�S:nq•n Fem�y:.-fNYAliNt� iJM(tdff� 1#l9TIFUMiNi iorm 30I8 12t87
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