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i i i i� • : •� i t i Cl rl X v ftm MM "is tft hr tt.afft oslr) �b DEED OF TRUST Ca r,► � OD � to rt L a \ k y �- co �n o g THIS DEED OF TRUST 1 "Security Instrument ") is made on July 26 19 89. The trustor is Clark D. Brown and Cheryl A. Brown, Husband and Wife 1 "Borrower "1. The trustee is AREND R. MACK, attomay ("Trustee"). The beneficiary is HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA, which is organised and existing under the laws of NEBRASKA, and whose address is 221 South Locust. Or= hlartd, INbr its "I ( "Lender "). Borrower owes Lender the principal sum of Seven Thousand Thirty Three and 75/100--------- - -- --------------------------- Dollars (U.S. S 70033.75 ). This debt is evidenced by Borrower's note dated the sane date as "Security Instrument ( "Note'), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on August 23, 1994 This Security Instrument secures to Lwder: (a) the repayment of the debt evidenced by the Note, with interest, and all renewaK.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'.$ covenants and agrecn=ts. For this purpose, Borrower irrevo+ably grants and conveys to Trustee in trust, with power of sale, the followw6 described property located in Hall County, Nebraska: Lot Six (6) iO Block Four (4) in Gilbert's Addition to the City of Grand Island, Hall County, Nebraska. which has the address of 1124 West 11th Street Grand Island IS"") [City) Nebraska 68801 ("Properly Address•'r aw cos.) TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights. appurtenances, rents, royalties, mineral, oil and pa 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 in this Security Instrument as the "Property." &MROwER 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 SECURITY INrrRUMENT combines uniform covenants for national use and nonuniform covenants with limited variations by junsdtction to constitute a uniform security instrument covering real property. NEBRASKA. —smtit F#m11y— FNMA /FNLMC UNWOitM INSTR(MINT Form 3028 12/83 FGtre