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I <br />THIS INSTRUMENT CONSTITUTES A CONSTRUCTION SECURITY INTEAEsT':. <br />j UNDER THE NEBRASKA CONSTRUCTION LIEN -ACT <br />ISptso Above This I" For Rotord+ns Pataj <br />.. � ]�EE� QF RjJS <br />AND CONSTRUCTION SECURITY ATEMENT <br />THIS DEED OF TRUST ( "Security Instrument ") is made on January 6 <br />1989 Thetrustoris Carl J. Meier and Loretta A. Meier, each. in his and her awn., riPt, <br />and as spouse of each other ( "Borrower "). The trustee is Earl D. Ahlschwede' <br />("Trustee'), 0i beneficiary is <br />! . The Equitable Building and Loan association , wl,Wh is orgiwiaed as d e Lt )S <br />! under the laws of the State of Nebraska , and whose address is 113 -115 North tl:ocusit <br />'i Street, Grand Island, Nebraska 68801 (••i.Gnder'q. <br />i Borrower owes Lender the principal sum of Thirty Eight Thousand and no/ 100 ------------------- <br />-Dollars (U.S. S 38, 000.00 ). This debt is evidenced by- Mkimwer s note <br />dated the santedate as this Security Instrument ( "Note"). which provides for monthly payments,.with. the firll,de(st, cf•net <br />paic#earlier,dueaadpayablexia as evidence by the note. <br />This Security. instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest; and all <br />renewals, exiettsions•and modifications; (b) the payment of all other sums, with interest, advanced under paragrgpi5 to <br />prOteeit the Vecucitjr.of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this <br />purpose, Borrq veflffevocably grants and conveys to Trustee, in trust, with power of sale. the following described Property <br />' located in Hall County, Nebreska: <br />Lot Eight (8), Block•One (i), Colonial Estates Sixth Subdivision, in the City of Grand <br />Island, Hall County; .Webaas{cai <br />a. • <br />r <br />I. . <br />L� <br />which has the address o£ 3208 Kennedy Circle Grand Island <br />(street) i0tyl <br />Nebraska 68801 ( "Property Address "), <br />, (2�G+.Gadal <br />TOGETHER WrfFi: all the improvements now or hereafter erected on the property, and all casements, rights, <br />appurtenances, �entaR,toylries, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or <br />hereafter apart of thepropj rty. All replacements and additions shall also be covered by this Security lostrument. All of the <br />foregoing is referred tort this Security Instrument as the "Property." <br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant <br />and convey taw.- Property and that the Property is unencumbered, except for encumbrances of record Borrower warrants <br />and wi11.dewid generally the title to the Property against all claims and demands. subject to env cncuotbrances of record. <br />TVTQ� SBCCURtTY INSTRUMENT combines uniform covenants for national use and non•untforin voWtiantti with <br />Iimi1'ud Fmt#' itms by jurisdiction to constitute a uniform security inorurnent covering real prors;rty <br />NEBRASKA- Srngle 1`3m11y— FNMA 1FMLMC UNIFORM INSTRUMENT torn. W ?H j2i83 <br />, ' ' t am 1153 azal _ 1 RIMA YQ 080:1 <br />s <br />e <br />which has the address o£ 3208 Kennedy Circle Grand Island <br />(street) i0tyl <br />Nebraska 68801 ( "Property Address "), <br />, (2�G+.Gadal <br />TOGETHER WrfFi: all the improvements now or hereafter erected on the property, and all casements, rights, <br />appurtenances, �entaR,toylries, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or <br />hereafter apart of thepropj rty. All replacements and additions shall also be covered by this Security lostrument. All of the <br />foregoing is referred tort this Security Instrument as the "Property." <br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant <br />and convey taw.- Property and that the Property is unencumbered, except for encumbrances of record Borrower warrants <br />and wi11.dewid generally the title to the Property against all claims and demands. subject to env cncuotbrances of record. <br />TVTQ� SBCCURtTY INSTRUMENT combines uniform covenants for national use and non•untforin voWtiantti with <br />Iimi1'ud Fmt#' itms by jurisdiction to constitute a uniform security inorurnent covering real prors;rty <br />NEBRASKA- Srngle 1`3m11y— FNMA 1FMLMC UNIFORM INSTRUMENT torn. W ?H j2i83 <br />, ' ' t am 1153 azal _ 1 RIMA YQ 080:1 <br />