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Pli 1 0 4 �oto � V (Span Abw Thb W» for RetordnR Dats) � n DEED OF TRUST =_� _ THIS DEED OF TRUST ( "Security Instrument ") is made on November 26, 19 90 .Thcuustoris John K. Mayer and Lisa R. Mayer, each in his and her own right and as spouse of each other ("Borrower"). The trustee is Earl D. Ahlschwede, Attorney 0 ("Trustee l. The beneficiary is Equitable Building and Loan Association . which is organized and existing under the laws of State of Nebraska , and whose address is 113 -115 N. Locust St. (• Grand Island, NE 668`1 ( "L.ender ").'` Borrower owes Lender the principal mimd Forty -four thousand and no hundreds ------------ - - -- -- -- Dollars (U.S. S44, 000.00 ). This debt is evidenced by Borrower's note ;ifs. dated the same date as this Security Instrument ( "Note'), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on AEcember 1, 2010 This Security Instrument secures to Lender: (a) the repayrnem of the debt evidenced by the Note, with interest, and all f 1A {., ' ` ; V, renewals, extensions and modifications; (b) the payment asall 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, intrust, with power of sale. the following described property located in Hall County, Nebraska: Lot Six (6), Bishop Height Subdivision, in the City of Grand Island, Hall County, 1, Nebraska. - t ' i V r whichttaytJxe�i essof 4342 Sher,rnnd Read 6rerd Islimii . Nebraska 68803 (" Property Address 7,V 12,p Code] TOGETHER WITH all the improvements now or hereafter e- rmte'd on the-property, and all easement% r#r_5. appurtenances, rents, royalties, mineral, oil and gas nghis and pro&jwater rigbis and stock and all fixtures now- fir hereafter a part of the property. All replacements and W aions shall ;also be covered b! this Security Instrument: Atll' oFrli i • 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 alt 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 INSTRUMENT combines uniform covenants for national use and non - uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. NEBRASKA— S,ngie Fam,iy— FNMA /FNLMC UNIFORM INSTRUMENT Form 3028 12/83 To Aeu•[]or Cal GREAT LAKES BUSINESS FCAMS. NC CC— 1915 14 K* .2534)MNatowi-vti.gsl4M"4508443