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<br />- " TKES INSTRUMENT CONSTITUTES A CONSTRUCTION SECUFJI�TY I�REST��
<br />UNDER THE NEBRASKA CONSTRUCTION LIEN ACT y W
<br />[Spau Atrove this titre For Retardwaii Diu]
<br />DEED OF TRUST
<br />AND CONSTRUCTION SECURITY AGREEMENT
<br />' S DEEA0F TRUST ( „Security Iasttvrneat ') isnwuie on March 23, ;
<br />1$9 . The trustoris W011ace C. Thompson and ftlxt;_P. i s Thompson, each Vt- his and her own �I
<br />right, and as spouse of each other(•' Borrower °''i`,.'i:hei- -litt=is. Earl tI'.:.AI:iitihirede p
<br />Thebeneficiary is
<br />The ErtAtable Building aFr+i Loan Association : . -« icli is organized and existing
<br />under the laws of the State of Nebraska . and wl•t-,se address- s la -1.15 forth Locust,
<br />Grand Island, Nebraska 68801 (,Lender"}.
<br />Borrower owes Lender the principal sum of Forty Eight 'Thousand Five Hundred arid i id/ 100 -- - - - - --
<br />flolhrs (U.S. S 48„5130.00 ). This debt is evidenced by Borrower's note
<br />dated the same date as this Security Instrument ( "Note"), wlui provides for monthly payments, with the full debt, if not
<br />paid earlier, due and pay blexxx as evidenced by the Note.
<br />This Security IristruvkWi secures to Lender: (all tide repayment of the dd t: evidenced by the Nor.4 !with interest, and all .
<br />renewals, extensions :;i,iii modifications; (b) the payment of all other sures,: with interest, advanced under paragraph 7 to '
<br />protect the security of t'b- s8ecurity instrument; and (c) the performance of Borrower's cv,,y:enants and agreements. For this
<br />purpose, Borrower irrev- scably grarty and conveys to Trustee, in trust, with power of sale, the following described property
<br />located in Hall County, Nebraska:
<br />Lot Seventeen fLT� in Block SekrytiT (7), Unit Three,. Continental Gardens, an Addition
<br />to the City of 'G ,;end Islands; H611 County, Nebraska,
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<br />which has the address of St. James #17, Grand Bland ,
<br />[Street} (Gtyi
<br />Nebraska 68803 ( "Property Address");
<br />12,p Codel
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights,
<br />appurtenances, renls,, royalties, mineral, oil and gas rights and proft water rights and stock and all fixtures now or
<br />hereafter a part ofthe 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 />BOit ROWER COVENA%TS 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. Rnrrower warrants
<br />and will dtfend generally the title to the Property against all claims and demands, subject to any encumbrances of record.
<br />Tttls SECU -Rtly ItiSTRC4tENT combines uniform covenants for national use and nonuniform covenariv. with
<br />limited variations by jurisdiction to constitute a uniform security instrument covering real propett}-
<br />NEGRA'Ah—N,rot, -Am 1,r FNMA /FHLMC UNIFORM INSTRUMENT Form 3028 22 183
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