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MM rn V• M rn n C1 ?. CA c.r� r► -a r t K, lea me" t7ra Leo fret tbsm" bawl T L DEED OF TRUST THIS DEED OF TRUST C' Security Insirument•7 is made on May 11 19 89. The traaw is James A. Kelly and Alice M. Kelly, Husband and Wife ( "Borrower "). The trustee is AREND R..8AACK, attorney f "Trusted'!. The beneficiary is HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA, which is organised and existing under the taws of NEBRASKA. and whose address is 221 South Logi uet, Grand Island, Nebraska 611011 ("Lender"). Borrower owes L4nder the principal sum of Ten Thousand Six Hundred Forty Four and 25/100-- - -----------w--------------- Dollam(U.S.S 10,644.25 This debt is evidenced by Borrower's note dated the same date as this Security Instrument C "Note" "). which provides for monthly payments, with the full debt, if not paid urlier. due and payable an April 17, 1994 This Security Instrument 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 protect the security of this Security Instrument. and (c) the performance of Borrower's covenants and agreements. For this purpose. Borrower irrevocably grants and conveys to Trustee, in true. with power of sale, the following described property located in Hal l County. Nebraska: Part of the SEANWA of Section 21, Township 11 North,. Range 9 West of the 6th P.M. in Grand Island..►^ ,11) County, Nebraska, more particularly described as follows: Beginning at the irtersmtion of the southerly line of Anna Street and the east line of said SE.ik'iUj; thence southwesterly along said southerly liT-e. of Anna Street, 859 feet; thence sc.u. theasterly parall,14 to the easterly line of 8roadwell Avenue, 148 feet to the actual place of hei4inning; thence southeasterly along the last described C-eurse, 127 feet; thence southwesterly parallel to said southerly line of Anna street, 101 feet to the easterly line of said Broadw ll Avenue; thence northwesterly along said easterly line of 8roadwell Avenpe,.127 feet; thence north - easterly parallel to said southerly line of Anna Street, 101 feet to the Actual Place of beginning. which has thea�0(- 717 South Broadwell Grand Island%';' l l (crti) - w Nebraska 6$801 ("Property Address'"y; 'rOGFrHEA WITH all the improvements now or hereafter erected on the property, and all ea i4nts. rights. appurtenances, rents, royalties. mineral. oil and gm rights and profits. water nghts and stock and all faitiures now or hereafter a part of the property. All replaeetrKnts and additions shall also be covered by this Security Instrument. AID of the foregoing is referred to in this Security Instrument as the "Property." BoRItOWER COVENAMM that Borrower is lawfully scud of the estate hereby conveyed and has the right to grant and convey the Property slid that the Property is unencumbered, except for encumhrancrc of record. Borrower warrants end will defend generally the title to the Property against all clams and demands• subject to any encumbrances of record Tiori Sit t:ltl'fv l%';1ltt :MlN't c(imbines uniform covenants for national use and nonuniform covenant% with r; limited tia,rm*oQn,4 by it) - ;vLns!tw!e a uniform %- --linty inSrrurfient covering real propcirly - NIONAUA ern& r,,:,, skiisuimuc uswottw imstauwpol term 1028 12"83 iar. 4 - iw t f•'"t�