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UI <br />14600 PAGn flits uns Fir Itwi A 0 Oft] <br />DEED OF TRUSTS/ , <br />< i THIS D= OF TRUST 1"Seettrity InstrunzenO is made oh August 27, <br />. - I It 90 '• Tlw`i "is Patrick, "W. Phelan and Ma ry <br />pl: Phelan, Husband and Wife <br />("Borrower").-The trustee is MEMO R. MAACK, Nlore»y i- TrustN "1. <br />TM. benrReWT is NM PEDERAL• SAVVM AND LOAN ASSOCIATION OF ORANO {BLAND. NEllRASKA. Nhleb is <br />orgaalsed and existing under the laws of NEBRASKA, and,whaee address is 221 South Locust, brand .N MW, NebrieMta <br />SIM I"iwider "l� " <br />Borrower owes Leader tbeprincipal sum of Eight Thousand and no /100-------------------=- - - - - -- <br />- -- - -- Dollua (U.S. S . 8,000.00 ). Thisdebt 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 riot <br />paid earlier. due snd payable on � September 1, 1994 <br />1i <br />ie n++ <br />.Geit= • t8 Leader:-44) th 4gay.- v.-..ti3 4he- den's j7ytht%% with inteast, an�l3li <br />f . renew►ab, extensions and modi8cstions: (b) the payment of all other sums, with interest, advanced under paragraph 7 to - - - -- } <br />ptntect 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 />l located in Hall ; .:. <br />County, Nebraska: <br />4 5�. <br />Lot Five, (5), Centennial Gardens Subdivision, in the City of <br />Grand Island, Hall County, Nebraska. <br />r ' <br />i <br />i <br />f <br />i <br />t which hss the address of <br />2405 North Wheeler <br />(5tr.,q <br />Grand. Island <br />10ty) <br />New:: 88801 ("Property Address" r <br />(zip Cod,) <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights, <br />mlraltic% mineral, M1 and Bas rtgft and psats ti+ rater rights and sta& and all fixtures now or <br />hereafter pelt of the 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 />L BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant <br />and convey the Property and, that the Property is unencumbered, except for encumbrances of record. Borrower warrants <br />and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. <br />THIS SECURITY INSMUMENT combines uniform covenants far national use and non - uniform covenants with <br />limited variations by juiisdiction to constitute a uniform security instrument covering real property. <br />NEBRASKA -- Single Famity.-FNMA /FHLMC UNIFORM INSTRUMENT Form 3028 12/83 <br />Financi,l Law Form,+ <br />row i9it <br />