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N is 3 �d = r _C J7, c (%i • *I+ ve rNs Un. iFrr No-, ftft) �EEI3 OF MAW- THIS DEED OF TRUST ( "Security Instrument "1 is made on August 20, 1990 -The trmtaris Walter. W. Ross and Ronda L (Boersen) Ross, husband and wife , C'Sorrower") The trustee is AREND R. SHACK, Wormy P'Trttstee" 1 The beneficiary is NOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, NORASKA, which is urtanited and existing under the laws of NEBRASKA, and whose address is 221 South Locust, Grand Uland, Nsbro" tIMi01 C'Lender'7 • Botmwer owes L,enderthe principal sum of Ten Thousand and 00/00 -------------------------- ---------------------- - - - -=- Dollars (U.S. S 10, 000.00 ). This debt is evidenced by Borrower's note dated the same date as this Security Instrument ( "Note v), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on September 1, 1995 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 tiie security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this purpose. Borrower irrevocably grants and conveys to Truster, in trpst, with power of sale. the following described property 1002tcd in Hall County, Nebraska: - L LOT NINE (9), BLOCK THIRTY SEVEN (37) IN RUSSEL WHEELER'S ADDITION TO THE CITY Of GRAND ISLAND, HALL COUNTY, NEBRASKA which has the address of, 416 E 11th Grand Island Istrat) (city) 66$01 Nebraska (EV Co") ( "Property Address '), TOGETHFk {NVIN_all the impmveme!tts now or her"eaftes_exeeted on the p'topmr , -snd :II emwentents. rights, - -- - - appurtettslnces, reins, royalties. mineral, oil and ps rights and. profits, water rights and stock and all fixtures now or hereifter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." M L BORROWER CovmANTs that Borrower is lawfully 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 Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. TH(s SECURITY INSTRUMENT combines uniform covenants- for national use and non - uniform covenants with N limited variations by jurisdiction to constitute a uniform security instrument covering teal property. „ NEBRASKA— single Famity— FNMA /FULMC t1NIi0RM INSTRUMENT Form 3078 12/83 - manly) UW Forms y 7 Form 1015