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THIS DEED OF TRUST ( "Sebutity instrument ") is made on August 21, . I490 .Thctrustoris Karl N. Kotrtbahn and Phyllis J. KoAtbahn, each an his and her own right, and as spouse of each other{ "Dorrowee ). The trustee is Earl 0. Ahlschwede, Attorney- (`Trustee "). Thebeneficiary is This Equitable Building and Loan Association'. . which is organised and existing under the laws of the State of Nebraska , and whoseaddress is 113 -115 North Locust I Street, Grand Island, Nebraska •Lender_),- - Borrower owes Lender the principal sum of .; Fifty Five Thousand and no/100 ----- - - - - -- -- - ---------- _.. ----------------- iDWars (U.S. $ 55,000.00 ). This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with.the full debt, if not paid earlier, due and payable on,' September- 1, 2005 This Security 3Irument secures to Lender: (a) the repayment of"the debt evidenced by the Note, with interest, and all ( renewals, extensions and modifications; (b) the payment of all other sums, with interest, advanced under paragraph 7 to j protect the security of this Security Instrument; and (c) -the performance of Borrower's covenaats and agreements. For this i purpose. Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale. the following described property located in . Hall, County. Nebraska: Lot Twenty Three (23), Block One (1) , Brentwood Subdivipion, to the city of Grand Island, Hall County, Nebraska, which has the address of 2204 Woodridge Court [Street] Grand Island IrAY) r ebrs�R:. S$�t31 ( "Property Addrrss, •). Vo Coital TOGETHER Wnt1 all the improvementc. hnw or hereafter eteeted ott the property. and Exit easam! nu. nghts. appurtenances, rents, royalties, niineral, vii and gas rights, and prufts,- water rights and stock and all fixtures now or hereafter a part of the property. All replacements and additions shall also be ctwered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." BORROWER COVlENAM$ that Borrower is liwfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered. except for encumbrances of record. Borrowcr warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. TtItS SECURITY IN91RUMENT combines uniform covenant. for national use and non- unfunii Exvestants with limited variations by jurisdiction toconstitutes uniformsecurity instrument covering real property. NEBRASKA —s:n& Family— FNMA /FHIMC UNIFORM INSTRUMENT Forrn 3028 12183 :.r.,