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i L 1- THIS INSTRUMENT CONSTITUTES A CONSTRUCTION SECURITY INTEREST UNDER THE NEBRASKA'CONSTRUCTION LIEN ACT tiWe Now This Une For Recor6ft Mal 69- *104752 DEED OF TRUST AND CONSTRUCTION SECURITY AGREEMENT THIS DEED OF `t RUST ("Security Instrumtnt"j is made on August 300, -- __._ 19 88 .Thitarmstoris Terry G. —Muir and Rita E. Muir, each in his and her own right,,, and as spouse .ttf each other ("Borrower" ).The trustee is Earl 0. Ahlschi de, Attbrney ( "Trustee "),r T a benef diry is ' iht3 Equitable Building and Loan Assaciation , which is xd and existing mower the laws of the Mate of ; pVebrask :.:. and whose address is 113 -11 >�irsrth Locust ..greet, . Grand Island,. kebizkka 68801' ("Lender). &�rrower owes Lender the principal � of Thirty Thou and and no/100 _---- - -_.,: =----- :.-- bellars (U.S. S 30, 000.00 )•This debt: is evii3dtici•>* 4y Borrowees note dated the same date as t =urity Instrument ( "Note "), which provides for monthly payments, witis the full debt, if not paidearlier,Ars .and payable on' ii:-Pavidenced by the ipte This Seeur:?-- lw'istrument smures U. t er: (a) the repayMent._ cf'the debt evidenced by The Note, with interest, and all renewals, gUcfK,ions and modificati &.o;•+ih) the payment of alf.6 titer sums, with interesT;..' Ivanced under paragraph 7 to prutect the se urity of th s.aiocurity Instrument; ar,40i ) the performance of Borrower's covenants and.itgoements. For this pi?pose, Borrower irrevtaAWy grants and conveys•t v Trustee, in trust, with power of sale, the followifl#:dt=ribed property located in Hall ° County. Nebraska: Lot Forty One (41), in Block One (1) , in Dale. Roush Second Subdivisf6p', in >:1tt" -City of Grand Island, Hall County, Nebraska, wbich has the address of 312 Commanche Grand Island . . (Street{ Icityi Nebraska 68801 ( "Property Address"): '12 Gael TmETHER Wtitt all the improvements now or hereafter erected on the property, and all easements, rights. apgurteeauces I rent& rogallms, mineral. oil and gas rights and profits. water rights and stock and all fixtures now or hereafter apart 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 COVEN^%IS 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 rccore',•.' llurrower warrants and will defend generally the title to the Property against all claims and demands, subject it) tiny encumbrances of record THts Smt.'1tity 1%stitumEm combines uniform covenants for nattonal use and nott•utnf -mit k:wenartts wttlt limited vanationsbylurisdtction to t.4mstiu:te a uniform wcurity instrument Lo%erng teat propen Y l!'fEfJffASM- s: -a:r ray--.-- rwAttmtmc utwotetr msritumtkY roiRt 3020 UJI13 •� � � tatioit!stue�i•., '.,.- ;•:•.: __.�•>riaoa »sw