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<br />AND CONSTRUCTION SECURITY AGREEMRgT
<br />THIS DEEP OF TRUST ' ("Security Instrument ") is made on August Z4, ,
<br />19 50 . The trustor is Duane L. Stetson and Jeanine 'L. , Stetson, each in his and her own right,
<br />and as , spouse of each othet (- -Borrower"). The trustee is Earl D. Ahlschwede; Attorney
<br />c Trustee"). The beneficiary is
<br />The Equitable Building and Loan .Association ,which is organized and esisting
<br />under the laws of the State of Nebraska , and whose address is 113 -115 North Locust
<br />Street, Grand Island, Nebraska, ( "Lender ").
<br />Borrower owes Lender the principal sum of Sixty Thousand and no/100
<br />----------------------- - - - - -- Dollars (U.S. S 60, 000.00 ). This debt is evidenced by Borrower's note
<br />dated the same date as this Security Instrument ( "Note"), which provides for monthly payments, with the full debt, if not
<br />paid earlier, due and payable on AS EVIDENCED BY NOTE.
<br />This Security Instrument secures to Lender: (a) the-repayment of the debt evidenced by the Note, with interest. and all
<br />renewals, extensions and modifications; (b) the payment of all other sums, with interest, advanced under paragraph 7 to
<br />protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this
<br />purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the., following described property
<br />located in Hall County, Nebraska: -
<br />Lot One (1), Colonial Estates Third Subdivision in the City of Grand Island, Hall
<br />County, Nebraska,
<br />which has the addressof 905 Kennedy Drive Grand Island
<br />[street) [C•y}
<br />Nebraska 68803 ( "Property Address ");
<br />tIw cove) .
<br />if GE.- IER y an ti-[c itiilmovemcnts now or heitaftCY 6ecttd 611 Inc prupetty, slid all eancLict-16. flbiiu, — - - - - -' —
<br />appurtenances, rents, royalties, mineral, oil and gas rights and profits. water rights and stock and.all fixtures now or i
<br />hereafter apart 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 />�. HORROwxtt•COVENANTS that Borrower is lawfully seised of the estate hereby convcycd and has the right to grant
<br />and convey the Property and that the Property is unencumbered, except for encumbrances of record. Marrower warrants
<br />and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record.
<br />Tuts SwuRurv, I%sTHi %W%3 combines uniforin covenants for national use and iiiui•uniform covcnants with ,
<br />limited variations by jurisdiction toconstitute a uniform security instrument covering real property
<br />NEBRASKA- 5ingiv :5n:- ;y— VNMA /FHLMC U1N1FQRM INSTRUMENT Farm 3028 12/83
<br />t'000 118 28a3
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<br />•CONSTITUTES A CONSTRAUCTION SECURITY - INTERES
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<br />NEBRASKA. CONSTRUCTION LIEN ACT
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<br />AND CONSTRUCTION SECURITY AGREEMRgT
<br />THIS DEEP OF TRUST ' ("Security Instrument ") is made on August Z4, ,
<br />19 50 . The trustor is Duane L. Stetson and Jeanine 'L. , Stetson, each in his and her own right,
<br />and as , spouse of each othet (- -Borrower"). The trustee is Earl D. Ahlschwede; Attorney
<br />c Trustee"). The beneficiary is
<br />The Equitable Building and Loan .Association ,which is organized and esisting
<br />under the laws of the State of Nebraska , and whose address is 113 -115 North Locust
<br />Street, Grand Island, Nebraska, ( "Lender ").
<br />Borrower owes Lender the principal sum of Sixty Thousand and no/100
<br />----------------------- - - - - -- Dollars (U.S. S 60, 000.00 ). This debt is evidenced by Borrower's note
<br />dated the same date as this Security Instrument ( "Note"), which provides for monthly payments, with the full debt, if not
<br />paid earlier, due and payable on AS EVIDENCED BY NOTE.
<br />This Security Instrument secures to Lender: (a) the-repayment of the debt evidenced by the Note, with interest. and all
<br />renewals, extensions and modifications; (b) the payment of all other sums, with interest, advanced under paragraph 7 to
<br />protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this
<br />purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the., following described property
<br />located in Hall County, Nebraska: -
<br />Lot One (1), Colonial Estates Third Subdivision in the City of Grand Island, Hall
<br />County, Nebraska,
<br />which has the addressof 905 Kennedy Drive Grand Island
<br />[street) [C•y}
<br />Nebraska 68803 ( "Property Address ");
<br />tIw cove) .
<br />if GE.- IER y an ti-[c itiilmovemcnts now or heitaftCY 6ecttd 611 Inc prupetty, slid all eancLict-16. flbiiu, — - - - - -' —
<br />appurtenances, rents, royalties, mineral, oil and gas rights and profits. water rights and stock and.all fixtures now or i
<br />hereafter apart 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 />�. HORROwxtt•COVENANTS that Borrower is lawfully seised of the estate hereby convcycd and has the right to grant
<br />and convey the Property and that the Property is unencumbered, except for encumbrances of record. Marrower warrants
<br />and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record.
<br />Tuts SwuRurv, I%sTHi %W%3 combines uniforin covenants for national use and iiiui•uniform covcnants with ,
<br />limited variations by jurisdiction toconstitute a uniform security instrument covering real property
<br />NEBRASKA- 5ingiv :5n:- ;y— VNMA /FHLMC U1N1FQRM INSTRUMENT Farm 3028 12/83
<br />t'000 118 28a3
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