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r L 1 89--,102630 IfNcii Aft" no UW For RK %" VOW? DEED OF TRUST THIS DEED OF TRUST ("Security Instrument") is made on may 10 12 89. The trustor is Lino H. Peace and Barbara J. Peace, Husband and Wife 1 "Borrower1. The trustee is AREND R. BAACK, &Uormy 1 -Trustee "). The beneficiary is HONE FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA, which is organized and existing tm&r the laws of NEBRASKA, and whose address is 221 South Locust, GreW Inland, Nebrasiu IMI ("Lender"). Borrower owes Lender the principal sum of Sixteen Thousand Two Hundred and no %100 -------- ------------------------- Dollars(U.S.S 16.200.001 ). This debt is evidenced byBorrower 'snote dated the same date as this Security Instrument (- Note"), which provides for monthly payments, with the full debt. if not paid artier. due and payable on June 1, I Q 9 This Security insunment 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 trust. with power of sale. the following described property located in Hall County. Nebraska: Lot Six (6) in Block Sixty five (65) Wheeler and Bennett's Addition to the City c` Grand island. Hall Cuufit r, ana Lot Seven (7) in Block Sixty Five <i55: in Wheeler and Bennett's Addition to the City of Grand Island, Hall �cu�`.�,, Nebraska. which has theaddressof504 3510 East 12th Street Gra -d Island (sinail lair) Nebraska 68801 ( "Property Address -). VID Cool Totfmut 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 part of the property. All replacements and additions shall also be covered by this Security Instrument All of the foregoing is referred to to this Security Insorument as the "Property." BMROWER COVENANTS that Borrower to lawfully seised of the estate hereby conveyed and has the right to grant and convey the Prop►.rty and that the Property is unencumbered, except for encumbrances of record &u- -tower warrants and will defend generally the title to the Property against all claims and demands. subject to any encumbrances of record Tiffs SFCt-IttTY ItiSMAONT combines uniform covenants for natmnal w-e and non - uniform covcnanv� with hmated varistiom by lurisdwiton I c.(vnstitute s uniform wcunt) instrument cm enng rral properr-. NEBRASKA— ,,.:.t4 11laA /F1/tttaC utiIHMN 1119tauuttor f r.-, : r Fo►m 9028 12183 K t, i� h TI