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F A .` i F L 89-- 102242 J*" Alms n& tie+. For ftewd:K Oftl DEED OF TRUST ZZYNSTRUCTION SECURITY AGREEMENT THIS DEED OF TRL'SV, ..L� ' ,`�� ,�trument ") is made on April .21 IS 8.g • The trMstor is KF;!?1` : :;; ' J 7N AND KATHIE L. MELSON, ;h:vs�band and wife I "Borrower" i. Time trustee h MEND R.: S RACK, attomey ( "Trustee The beneficiary, hq HOME FEDERAL SA-1W QS AND LOAN ASSMATION OF GRAND ISLAND, NEBRASKA. which is organized and existing under the laws of WEBRASKA., aad abuse Wren is 221 South L acuaL Grand JsWW, NebrtiaM SU01 P'Lender "). Borrower owes Lender the principal sum of SIXTY MEN' THOUSAND AND NO /100-=----------- - - - - -- --------------------------------- Dollars (U.S. S 67,001J.00 ).This debt is evidenced by Borrower's note dated the same date as this Security Instrument ( "Note "), a hid,. Vm. =rides for monthly payments, with the full debt, if not paid earlier, due and payable iar3: October 1, 201x1,.: This Security Instrument secures to Lender: (a) the re 4 ftlbn debt evid�rxd by the Note. with interest, and all rl'•j , renewals, extensions and madili.=bum; (b) the payment of all ottv..: sums, with irderest, advanced under paragraph. T to protect the security of this Securki - and (c) the performance of Borrower's covenants and agreements. Far this purpose, Borrow :-r irrevocably grants arui Mveys to Trustee, in trust, with power of sale, the following described property locsred in HALL County, Nebraska: F LOT SIXTEEN (1S), IN HIDDEN LAKES SUBDIVISION NUMBER FOUR (4)., HALL COUNTY, - NEBRASKA whiff la has the address of Wit t'aska 68801 trip Cartel 214 Lakeside Drive tsttwil (*'Property Address"); Grand Island 1C{ryl TOGETHER WITH all the improvements now or hereafter erected on the property. and all easements, rights, appurtenances, rents. royalties. mineral. oil and gas rights and profits. water rights and stock and all fixtures now or hereafter a pan of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property.,, BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the tight to grant and convey the Property and that the Property is unencumbered. except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record THIS 5t:Ct'RM IMTRUME:+.T combines uniform covenants for national use and non- us»feuni covenants with timited vyriaaarp by junsdictiutt u>c+nn5tetute a uniform security instrument coveting real propetty NEBRASKA -Sq)e �s+i•:r-- iNMA /iMltaC UNtitMal INSTRtlalENi form 301E i2 %n_i ss.r•.�: .,a ,...r,a .n � t