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<br /> DEED OF TRUST (l
<br /> THIS DEED OF TRUST ("Security Instrument") is made on June 22,
<br /> 19 90 .Thetrustoris Randy G. Schemer, an unmarried person, and Joyce A. Whetstone, an
<br /> unmarried oerson ("Borrower"). The trustee is Earl D. Ahlschwede, Attorney U`I
<br /> ('"Trustee"). The beneficiary is
<br /> The Equitable Building and Loan Association , which is organized and existing
<br /> under the laws of the State of Nebraska , and whose address is 113-115 North Locust
<br /> ("Lender").
<br /> Borrower owes Lender the principal sum of Eighteen Thousand Four Hundred and no/100
<br /> ------------------------Dollars (U.S. S 18.400.00 This debt is evidenced by Borrower's note
<br /> dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not
<br /> paid earlier, due and payable on July 1, 2005
<br /> This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all
<br /> renewals, extensions and modifications; (b) the payment of all other sums, with interest, advanced under paragraph 7 to
<br /> protect the security of this Security Instrument; and (c) the performance of. Borrower's covenants and agreements. For this
<br /> purpose, Borrower irrevocably grtutts and conveys to Trustee, in trust, with power of sale, the following described property
<br /> located in Hall County, Nebraska:
<br /> Part of Lot Fifteen (15) of the County Subdivision of the South Half (S~) of the Southeast
<br /> Quarter (Si'%) of Section Sixteen (16), in Township Eleven (11), North, Range Nine (9),
<br /> West of the 6th P.M. more particularly described as follows: to-wit: Commencing at a
<br /> point Sixteen (16) Feet Southerly from the Southwesterly Corner of Lot Four (4), in Block
<br /> Four (4), in Wisbe's Addition to the City of Grand Island, Nebraska, and on a line with
<br /> the Westorly.boundery line of said lot, thence running Southerly elong the Easterly boun-
<br /> dary line of Eddy Street, in saia city, for a distance of Sixty-Four Feet (64') thence in
<br /> an Easterly direction, parallel witn the Northerly boundary line of John Street, in said
<br /> City, for a distance of Sixty-Six Feet (66'), running thence in a Northerly direction,
<br /> parallel with the Easterly boundary line of Eddy Street, far a distance of Sixty Four (64)
<br /> Feet, running thence Westerly, pera.~w:sl with the Northerly Lane of Jonn Street, for a distance
<br /> tar Sixty-Six Feet (66') to the place of Leginning, Hall County, Nebraska,
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<br /> which has the addresssof 513 South Eddy Street Grand Island,
<br /> Istreetl 10tyl
<br /> Nebraska 68801 ("Property Address");
<br /> (ztn code)
<br /> Totar:TIMR WITIt all the improvements now or herearter erected on the property, and All easements, rights,
<br /> appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or
<br /> hereafter apart of the property, All replacements and additions shall also be covered by this Security Instrument, All of the
<br /> foregoing is referred to in this Security instrument as the "Property.,,
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<br /> Bokk()wrtR COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant
<br /> and convey the Property and that the Property is unencumbered, except for encumbrances of record, Borrower warrants
<br /> and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record.
<br /> Tills SECURITY INSTRUMENT combines uniform covenants rot national use and nnn-uniform covenants with
<br /> limited variations by jurisdiction to constitute a uniform security instrument covering real property,
<br /> NEBRASKA-Single Family-FNMA/FHLMC UNIFORM INSTRUMENT
<br /> Farm 3028 12/83
<br /> Farm 1915 10 F'Meorda- CAP UVAT LAKFrr 0_r_,*KsS FGA W,. W
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