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Peace A"* 7M U" Fer Iteeer - Dow DEED OF TRUST Y TMs =M OF TRUST 1- Seeurity IastrumsnC) is made on November 30 — 19 90 . The truster is Kenneth P. Slough and Joan M. Slough, Husband and Wife - ("Borrower "). The trwum is AREND R. RUM. dkw*y 1"Truates" ). The beneficiary is NOME FEDERAL SAvvM AND LOAN ASSOCIATION OF BRAND ISLAND, NEIMASKA, which is oegaaised and edstisg under tM htws d NESRAMKA. sad .rhae addeesa b Sent South Letewsl, Osattd Nlarsd. Nebraska dp01("Leader "). Borrower owes Leader the pMdpal sum of Four Thosuand Three Hundred Seventy One and 32/100- - --------------------------- DoIkM(U.S.S 4,371,32 ). This debt is evidenced byBorrower 'snote dated the same date as this Security Gutrume nt ( "Note "), which provides for monthly payments, with the full debt, if not paid earlier, due and payabAeon December 6, 1994 This Security Instrument woures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications; (b) the payment of all other sums, with rn- iereat, advanced under paragraph 7 to protect the security of this Security Imtrument; and (c) the perforounce of Borrowers covenants and A(tfeEsadit& f'3f this purpose. Borrower irrevocably grants and conveys to Tnutee, in trust, with power of sale, the followigg described property located in 14n1 1 Comty, Nebrasits: Lot Twenty Nine (29) in Saddle Club Subdivision in Hall County, Nebraska whieb has the address of 3618 Bronco Road Grand island IV I trial Ndwaska 68801 ( "Property Address "), (Zo ca"i TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements. rights, appurtenance% rents, royalties, mineral, o11 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 tawf t ly 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 INSTRUMENT combines uniform covenants for national use and re-m-undorm covenants with limited variations by jurisdicuon to constitute a uniform security inswument covering real property - N - -SwWo Fsn ft- •FN1MA /FNLMt: UNWORN tt PWJMEMT f a ftw ►aw fo,,.n- fOM "IS Form 3028 12183