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<br />DEED OF TRUST
<br />J THIS DEED OF TRUST ( "Security Instrument ") is made on March 14,
<br />V 1989 Thetrustoris John E. Walkowiak and Joy M. Walkowiak, each in -his and her own right,
<br />and as spouse of each other, ( "Borrower "). The trustee is Earl 0. Ahlschwede
<br />("Trustee). Thebeneficiary is
<br />The';.Equitable BuiLdir g; anti Loan Association , which is organized and existing
<br />utx4:irthelawsof , thb: Rata of ftebraska .artdwhose address is, 113 -115 North Locust,
<br />Grand Island's, Nebraska (•'Lender").
<br />Borrower owes l=ender the principal sum of Ten Thousand Four Hunrir;ed and no/100 -----------------
<br />Dollars U.S. S ' . This debt is evidenced b Borrower's note
<br />( 10,400.00 � ). y
<br />dated the same date as this Security Instrument ( "Note"), which provides fer monthly payments, with the full debt, if not
<br />paid earlier, due.wd payable on April 1, 2004 u
<br />This Security fits ument secures to L lifer: (i) the repayment of Ilir debt evidenced by the Note, with interest, and all
<br />' renewals, extenkons and modifications; (b) the a
<br />p ymeat of all e1�Irz 5irms, with interest, mdw .arced under p�aragrapn 7 to
<br />protect the security of this Security Instrument; and (cr_ the perfarttriuice of Borrower's coven =ts and aWmments. For this -
<br />prxTase, Borrower irrevocablN grants and conveys to'rm.4ee, in Lr4a, with.power of sale, J ©t3ow'. desc bed prcap ty
<br />lireated in Hall Caunty, Nebraska:
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<br />Fractional. Loot Five (5), in Fractional Block Thirteen (13), in -N. G. C.l,_mk's Addition
<br />to the City of Grand Island, Fall County',. Nebraska and its complement, Frectional Lot
<br />Four (4), in Fractional Block One (1), in-Rollins' Addition to the City,of Grand
<br />Island, Hall County, Nebraska
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<br />which has the address of 921 West 8th Street Grand Island ,
<br />Is!reetl (city) - ---
<br />Nebraska 68801 ( "Property Address");
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<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights, ,
<br />firrurteamices, rents, royalties, mineral[,., ail 2nd gas rights and profits, water i ights and stock and all fixtures now or
<br />hereafter a part 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."
<br />60n OWEa 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 />THIS SECURitY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with
<br />limited variations by jurisdiction toconstitute a uniform security instrument covering real property o
<br />NEBRASOl -- s,�Vp Fa+ridy' -- FNMA /FNtMC UNIFORM INSTRUMENT Forpt 400 12/83
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