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89-.1 180988
<br />DEED OF TRUST
<br />This Deed of Trust is made this 28th _ day of F , 19_Z1, by and among
<br />HARRY C STALKER AND PATRICIA P. STALKER, husband and ,If
<br />hereirafter referred to as Trustor, whose mailing address is 271[ The Rnnd, anti r�tand
<br />Nebraska 68801; AREND R. BAACK, Attorney at Law, hereirafter referred to as " r, Trustee,
<br />whose mailing address is P. O. Box 790, Grand' Island, Nebraska 68802; and HOME FEDERAL
<br />SAVINGS AND "LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as "Ber "eficiary,'rt
<br />whose mailing address is 221 South Locust Street, P. 0. Box 1009, Grand Island, Nebraska
<br />68802.
<br />For valua9ble consideration, Trustor irrevocably grants, transfers, conveys and
<br />assigns to Trustee,..in trust, '.jith poser: of sale, for the benefit and security of Bene-
<br />ficiary, under.` asc3 sect tc i"t° tens: and conditions of this Deed of Trust.; the fol-
<br />lasir des .ri? d property, 'roc d in, HALL Caurty, .I�EbsPska, to-wit:
<br />'
<br />LOTS 011E (1), TWO (2) AND THREE " (3) OF NEUBERT 5UHDIVIS5U7,l; FORMERLY KWM. •AS, L_UT
<br />(20) '- 80SSELMAN'S SECOND SUBDIVISION., E THE CITY.OF: ir`t�i:; ISLAND, HALL 'mOi"f -W i&
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, `.
<br />easements, rights, privileges and appurtenances located thereon or in any way pertaining ,.
<br />thereto, and the rents, issues, profits, reversions and the remainders thereof, includ -,
<br />Ing all such personal property that is attached to the improvements so as to constitute
<br />a fixture, all of which, including replacements and additions thereto, are hereby de-
<br />clared to be a part of the real estate conveyed in trust hereby, it being agreed that
<br />all of the foregoing shall be hereinafter referred to as the "Property."
<br />FOR THE PURPOSE OF SECURING:
<br />(a) the payment of irdebtd`~.a evidenced by Trustor's rote of even date herewith
<br />in the principal sum of ONE !4 '.ZiRED FORTY EIGHT THOUSAND AND NO /100---------- - - - - -- �-
<br />( $148,000.00 ) , together , it. .the balance of �u :h indebtedness, if no sooner
<br />paid, due . and payable or larG s .l , 20`/x; with interest at the rate or rates , ;4
<br />provided therein., along with the payment of all ott er su ,a, with i^ merest thereon.,
<br />advar,.:ed in accordance herewith to protect the security of this. Deed of Trust,
<br />together with the principal and interest on any future advance as evidenced by ,
<br />promissory rotes stating they are secured hereby, and any and all zerewals, modifi.
<br />cations and exr-ersior.s of such rotes, both prirc.jpal and inter"eat on the notes
<br />being payable it accordance with the terms set f5 7th therein, which by this refer-
<br />ence is hereby made a part hereof. The holder hereof 5h.:11 have the option to
<br />accelerate the maturity of the rote for which this mortgage is,gLven as security,
<br />at any time after the NA loan year after first giving the undersigned or .
<br />the then, owner of the premises described herein a written notice three months
<br />in advance of its intent to do so. At no time shall the principal amount of the
<br />indebtedness sacured by this Deed of Trust, not.includir"g sums advanced in accord-
<br />arce herewith to protect thesecurity of,the Cac-d of Trust, exceed the original
<br />amount of the r7-ute plus $ 0.00 ;
<br />kb) . the performance of each agreement and cove ^art of Trustor herein contained;
<br />and
<br />(c) the payment.-Jaf any sum or sums of money which nay be hereafter paid or advanced
<br />by Egrief iciar\ iii=:~ she terms cf this Deed of Trust, to g ether with interest thereon
<br />at tile rate rte % 'in. the nnte.
<br />L i o protect thc� security of this Deed of Trust, Trustor hereby ;ova rants ��rd agrees
<br />fol'LU.JJS:
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