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90--.107097 <br />DEED OF TRUST <br />MA CAM NO. <br />STATE OF NEBRASKA <br />321 - 1445147 -748b <br />THIS DEED OF TRUST ("SeCtift Instrument ) is metre on 5 <br />The tru" is <br />John J. Gillespie III and Cynthia M. Gillespie, Husband and Wife ( "Borrower' <br />to <br />The trustee is <br />Commercial Federal Bank, A Federal Savings Bank Tri ar <br />The beneficiary is <br />Home Federal Savings and Loan Association of Grand Island <br />which is organized ad existing under the laws of <br />and whom address is 221 South Locust, Grand Island, Nebra ska 68801 <br />("Lender"). Borrower owes Lender the principal sum of <br />Forty-Seven Thousand Six Hundred Fifty are! 30 /100----------- - - - - -- --------------- <br />Dollars(U.S-S 47,650.00 <br />This debt Is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for <br />monthly payments, with the full debt, if not paid earlier, due and payable on January 1, 2020 <br />L: <br />This Security instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all <br />renewals, extensions and modifications; (b) the payment of all oCher sums, with interest, advanced under paragraph 6 to <br />Ai <br />prow the security of this Security Instrument, W and the periormance of Borrower's covenants and agreements. For this <br />Borrower irrevocably grants and convey-, to Trustee, in trust, with power of sale, the following described property <br />purpose. <br />located W Hall County, Nebraska: <br />4, <br />Lot Twenty-fuur (24), in "Guenavista Subdivision", an Additicri to the City <br />of Grand Island, Hall County, Nebraska. <br />which has the addfe;s of 1022 S. Vine, Grand Island <br />Nebraska 68801 •.Propettv Address"); <br />TOGETHER WITH all The improvements now or hereafter erected on the property. and air caientems. rights. <br />appurtenances, rent%. royalties. mineral. oil and gas rights and profit%, water rights and stock and all ri,(tures now or <br />hereafter a part of the property. All repla�cmcnl% and additions shall also he covered by this Security Instrument. All of <br />the foregoing is referred to in this Security Instrument as the "Property. <br />of the estate hereby conveyed and has the right to grant <br />BORROWER COVENANTS that Borrower is lawfully % <br />and convey the Property and that the Property is unencumbered, except for encumbrances of reco rd. Borrower warrants <br />and will defend generally the title to the Property aping all claim cod demands. subject to any encumbrances Of record. <br />FHA NFJWL4SKA MkV I* TRUST <br />