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<br />THIS INSTRUMENT CONSTITUTES A CONSTRUCTION SECURITY INIEREST•.. -� I yGJ v
<br />UNDER THE NEBRASKA CONSTRUCTION LIEN ACT `'" to
<br />Imo Above ?tiffs Line For Remftg Dabl \ J
<br />DEED OF TRUST
<br />AND CONSTRUCTION SECURITY AGREEMENT
<br />THIS DEED OF TRUST ( "Security Instrument") is made on March, 23,
<br />1989• Thetrustoris Wallace C. Thompson and Mildred I. Thompson, each in Etas and her own p
<br />right, and as sprouse of each other(. &rrower" ). The trustee is Earl D. Ahlschrtede
<br />('Truster 1. The beneficiary is
<br />The Eguitm-bl.e Building and Loan Association , which is organized and existing
<br />undertheiawsof the Statc- df Nebraska ,and whose address is; 113 -115 North Locust,
<br />Grand. Isi end i Nebraska 68'1 (••Ider ").
<br />Borrower owes Lepder the principal sum of Forty Eight Thousand Five Hulrmdred and no /100 -- - - - - --
<br />-- - - - - -• -------------------- oollars (U.S. S 48,500. 00 }. This _ is evidenced by.l3orroarer's note
<br />dated thesui, date as this Security Instrument ( "Note "), which provides for monthly payments, with the full det►t, if not
<br />paid earT,i�44'v and payablexxx as evidenced by the Note.
<br />This Sccur,- -- s ?m-mem secures to Lender: (a) cb# repayment of the debt 0 a Notay, with interest, and all
<br />renewals, a � int's..nw modifications; (b) the pxri:nnt of all other sums, w. :th intir- -iz,_-Lia:.ced ar eter paragraph 7 to
<br />protect the s�t.°urJil?%.- aUthis Security 1wrument; and (c) the performance of Borrower`siane' rants and agreements.-For this
<br />purpose, Bon. -niwir irrevocably grant sand conveys to Trustee, intrust, with power of SA.r;. the following described, property
<br />located in Hall County, Nebraska:
<br />Lot Sevt ntea: ,; (17) , in Block Sever. (7) , Unit Three, Continental Gardens, an A= idition
<br />to the City of rpri3nd Island, Hall ciinty, Nebraska,
<br />and ran
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<br />Lot Seventeen (17) and Lot Thirt y (30), in Dlbck
<br />(7), Unit Three, Continental CD!
<br />Gardens, an AddiCion to the City of Grand Island, Hall County, Nebraska. 7;
<br />41 p,,,I
<br />10 f, 07M
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<br />which has the address of St. ,lames #17, Grand Island
<br />(Street) ICityl
<br />Nebraska 66303 ("Property Address ");
<br />. (Irp Code]
<br />TOGETHER WI?H all the improvements now or hereafter 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. rill of the
<br />foregoing is referred to in this Security Instrument asthe "Property."
<br />LBORFtOWFR COVEtvA%Ts that Borrower is lawfully seised of the estate hereby conveyed and ha,, the right to grant
<br />and convey the Property and that the Property is unencumbered. except for encumbrances of record. Blormwer warrants
<br />and will defend generally-the title to the Property against all claims and demands, subject to any encumbrances of record
<br />Tons SECURITY INS -MUMEM combines uniform covenants for national use and non- umfortn cownantti s►uh
<br />hmtted van-Mions by jun;dicttun to cuns3ttutea uniform security instrument Covering teal propctty
<br />NEBRASKA y`i4 ,- ;NMA /nn9C tJttIGM INSTInJNINT .. .. iorrri 30T8 X2/63 .
<br />I OW X51 C1209 am 35* 9443
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