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r 89---- 04094 (s"" ft" Taw tie Iw a - -, am) DEED OF TRUST THIS DEED OF TRUST ( "Security Instrument ") is made on July 25 19 B9 . The trsuwRae is` Francis J. Gauth'er anrwl sari EI. rid and wife_ (' ). '1 trustee1Di �, tMlon»y, ("Trustee "!. The benelic ary u HOME FEaeRJAL SAvw= AND LOAN ASSOCIATION OF GRAND GLAND, NENUMIKA, which is organised and exb.ting under tb. a laws of NEBRASKA, and whose address, is 221 South Locust. Gk-rtd Wend, NabaaaM. eml (,Lender"). Borrower owes Leader the principal sum of Forty Thousand and no /100--------------- - - - - -- --------------- ----- - - -'&- Dollars(U.S.S 40,000.00 ). Ibis debt a evidenced by Borrowees note dated the same date as this Security Instrument ( "Note "). which provides for monthly paymeatk with the full debt, if not paid pry. due and payableon . July 1, 1999- This Security Instrument secures -to Fender. (a) the repayment of the debt evidenced by the Note, with. ingest, and an renewals. extensions and modifications, (b) the payment of all other summ wrath interest, advanaed.under paragraph 7 t protect the security of this Security Instrument; and (c) the performance of Borrower's covenat a and ag eements. For this pwrpose. Borrower irrevocably grants and conveys to Trustee, in trust. with power ofsale, the following described pnopettY ...�:w. Hail _. CAmntW.Nebraska- LOT FOUR (4),Iacated on the east side of the West Portion of Kuester Luke, located an srd: being a part of the East Half of the Southwest quarter (EASWD of Section thirteen (13), Township Eleven ('1.1) North, Range Nine (9),,West'of the Sixth P.hi.., Hall County, Nebraska. "This mortgage is given to secure a chattel promissory note the security for which is all personal and;chattel property located upon said lot, and all of our interest and.ownership in the common stock of wester Lake, Inc." which has the address of Nebraska 68801 (to tees) #f59 Kuesters Lake (sal ("Property Address "). Grand Island Ply) TOGETHER WITH all the improvements now or bacaRer erected on the property. std all easements, rights, appurtenances,, rents. royalties, n uneral. oil and gas rights and profits, water rights and stock and all fixtures now or herafter 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." 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. THts 5ECulttry INSTRUMENT combines uniform covenants for national use and non - uniform covenants with Itmatrd variations by jurisdiction to constitute a uniform security instrument covering real property NE.dRASKl4- - -& for..:.y--iNMA /iNt.MC UNWORN RMRt t11ENT Fan+ 3028 12-83 s A6 `�1 A6 `�1