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89-me 104085 Mwe Above TMM Lin For ftcordit Dab) DEED, OF TRUST THIS DEEDOF TRUST ( "Secursty lastrumant ") is made on , July 28, _ 19 gg Thetfustais Don Pauly and Marlene Pauly, each in his and her own right, and as spouse of each other ( ;s'Borrowee ). The trustee is Earl 0. Ahlachwede, Attorney ( "Trusted'). The beneficiary is The Equitable Building and Loan Association ,which is organized and existing underthelawsgf the State of - Wo aska ,and whose address,is 113 -115 North Locust Street, Grand Island, Nebraska ( "Lender"). Borrower owes Lender the principal•sumof Teti Thousand Five Hundred- and no /100' ----------------- ------------- -- ------------- Dollars (U.S. S 10, 500.00 ). This debt is evidenced by Borrower's note dated the same date as this Security Instrument C'Note "), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on August 1, 2004 This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals.. extensions &W 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=-1e, the following described property located in Hall County, Nebraska: j Lot Six (6),, in Block Eighteen'(18), in Baker's Addition to the City of Grand Island, Hall County,`.Nabraska, i L 0, which has the address of 2320 West First Street Grand Island is""] lcgl Nebraska 68803 C'Property Address "), ltb coeel TOGETHEtt 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 tights and stock and all fixtures now or hereafter a put 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." BORROWER COVENANTS 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. THIS WuittTv lNsiRvm. ENT combines uniform covenants for national use and non - uniform covenants utth limited variations byjunsdiction to constitute a uniform security instrument co%enng real property. NEBRASKA —S�g.e faarc y.- _FNMA /FHLMC UNtf0RM INSTRUMENT lam 3028 12/83 1 l- r