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<br />.. 143304
<br />DEED OF TRUST 89'-'103304
<br />rThis Deed of Trust is made this day of June 19AR. by and among
<br />Hank Vanderwey and Thea VandpriaRV, ks« and mad W:fo
<br />hereinafter referred to as Trustor, whose mailing address is 434Q West Hi wag 3n, Grand
<br />Island, Ne. ; AREND R. BAACK, Attorney at Law, hereinafter referred to as 'Trustee,"
<br />whose mailing address -is P. 0. Box '190, Grand Island, Nebraska 68802; and H0111E FEGERAL
<br />SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as "Beneficiary,"
<br />whose mailing address is 221 South Locust Street, P..Q. Box 1009, Grand Island, Nebraska
<br />68802.
<br />For valuable consideration., Trustor irrevocably grants, transfers, conveys and
<br />assigns to Trustee, in trust, with power of sale, for the benefit and security of Bene-
<br />ficiary, under and subject to the terms and conditions of this Deed of Trust, the fol-
<br />lowing described property, located in Hall County, Nebraska, to -wit:
<br />A tract of land comprising a part of the Southwest Quarter (SW4) of Section Twenty Six (26),,
<br />Township eleven (11) North, Range Ten (10) West of the 6th P.I., Hall County, Nebraska„
<br />more particularly described as follows: Beginning at the Northwest corner of said Southwest
<br />Quarter (SW4);, thence- running southerly along the West line of said Southwest Quarter -(S1J4') .
<br />a distance of Six Hundred Twenty -Four and Ninety -Three Hundredths (624.93) feet to a point
<br />on the Northerly right-of-way line of the Union Pacific Railroad Company; thence running
<br />Northeasterly along said right -of -way lime a distance of One Thousand One Hundred Ninety"
<br />Six and Forty -Three Hundredths (1,196;43) feet to the point on the North line of Southwest
<br />quarter (SW4); thence running,Westerly" along the North line of said Southwest Quarter (SW4)
<br />a distance of One Thousand Twenty One and Thirty -Two Hundredths (1,021.32) feet to the point.
<br />of beginning.
<br />- - - -- - - -- - - - - - -- - - - - - - --
<br />fixtures, streets, alle — - - -
<br />together with all buildirgs,.._�nprovemerts, ys, passage ays,
<br />easements, rights, privileges and, appurtenances "Ionated tharenn or in any way pertaining
<br />thereto, and the rents, issues, profits, .reversions and the remainders thereof, includ-
<br />ing alt such personal property that is attached to the improvements so as to constitute
<br />a fixture, all of which, including replacements. and additions thereto,.aia hereby de-
<br />clared to be-a� part of the real estate conveyed in trust hereby, it being agreed that
<br />all of the foiegoing stall be hereinafter referred to as the "Property."
<br />FOR THE PPRPOSE OF SECURING:
<br />(a) the payment of indebtedness evidenced by Trustor's note of ever. date herewith
<br />-ire the principal sum of `17inety Eight Thousand One Hundred and no /10a- - - - - --
<br />(g
<br />98,100.00_), together with the balance of such indebtedness, f:.,not sooner
<br />paid, due and payable on July 1 , 2OQ ; with interest at the rate or rates
<br />provided therein, along wi.t11-g. the payment of "..all other sums, with interest thereon.,
<br />advanced in. accord9nce herewith to protect,: the security of this Deed of Trust,
<br />together with the'-principal and ir!tsrest on any future advance as evidenced by
<br />promissory notes 5tatirg they are saried hereby, and any and all renewals, modifi-
<br />cations abd extensions of r sccti n665S; both principal and interest on the notes
<br />being payable in accordance. with the terms set forth therein, which by this refer-
<br />ence is hereby made a part hereof. The holder hereof shall have the option. to
<br />.:14celerate the maturity of the rate for which this mortgage is given as security,
<br />'at any time after the 5 loan year after first giving the undersigned or
<br />the then owner of the premises described herein a written notice three months
<br />in advance of its intent to do so. At no time shall the principal amount of the
<br />indebtedness secured by this Deed of Trust, not including sums advanced in accord-
<br />ance herewith to protect thesecurity of the Deed of Trust, exceed the original
<br />amount of the note plus $ -0- ;
<br />(b) the * - -
<br />performance of each agreement and covenant of Trustor herein contained; ,
<br />and
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<br />(c) the payment of any sum or sums of money which may be hereafter paid or advanced
<br />by Beneficiary under the terms of this Deed of Trust, together with interest thereon
<br />at the rate provided in the rote.
<br />To protect the security of this Deed of Trust, Trustor hereby cnveilar•ts and agrees
<br />as follows: n.
<br />Yt5
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