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<br /> �`�•• DEED OF TRUST °
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<br /> - THIS DEEA OF TRUST("Secudty Insuument")is mede on MAHI:M �h, 1 y9d , The tnutor is
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<br /> JAMES N PHIPPS AND LOUANN C PHIPPS, HUSSAND AND WIFE�
<br /> •�..'�,: �i�: ;.��;
<br /> rry� '� ``,6 •�� ("Bonowcr"). The trt�stec is EARL D. AHLSCHWEDE, ATTORNEY
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<br /> zr.��'E;,: .;�+ '. , ("Trustee").Thebeneficiaryis The Equitable Bui lding and LoBn Association
<br /> ;.:. .,. ,� -
<br /> x��- `'' � ,• of Grand Island, Nebraska, A Federal Savings Bank -
<br /> 't�'� � which is organiud and exlsting under the laws of NE BRASKA .and whose ____
<br /> � � � ° �^'• ' address is p� 0. 86X 160. 115-115 N. LOCUST ST. , QRAND ISLAND, NEBRASKA 88802
<br /> ; , . � ("Lender").Borrower owes L.ender the principal sum of —
<br /> '`'n, FORTY THOUSAND OOLLARS & NO/CENTS
<br /> Dollars(U.S.$ 40,000.00 )• �-'
<br /> � ,. � ��;-
<br /> Thts debt !s evtdenced by Borrower's note dated the sume dute as this SecA 1��n�tru�ent��o4�),which provldes for g,:.,,
<br /> • monthly payments.with the full debt, if not paid earlier.due and payable on �R . =
<br /> _ � This Secudty Instrument setures to Lender:(a)the repayment of the debt evidenced by the Note,with interest.and all renewals, -
<br /> , � extensions und madificatians of the Note; (b) thc payment of ul{ othcr sums, with intcrest, advanced under paragraph 7 to
<br />- � " protect the security of this Security [nstrument: and (c)the performance of Borrower's covenants und a�recments. For this
<br /> purpose. Bonowcr irrevacably grants and convcys to Trustcc,in trust, with pawcr of salc�t�i��ollowing describcd properry
<br /> � � ° located jn County,Nebraska:
<br /> ,�• ' _ .
<br /> . , I LOT NINE (9) NOTTINGHAM ESTATES SUBDIVISION, IN THE CITY OF CiRAND
<br /> � ISLAND, HALL COUNTY, NEBRASKA.
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<br /> whichhastheuddressof 72� CHURCH R0, GRAND ISLANO �
<br /> svicec.e�n��.
<br /> � NcbrASka 68801"'�C��Acg ("Pruprrty A�idre+�"):
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<br /> ! � NEBRASKA•Singie Fam�lyFNMAIFHLMC UNIFORM INSTNUMENT
<br /> ,� I (��8R(NEI�sa�s� F Amended 5/81 I IIIIIII IIIII IIIIII��II UII�III I�II I
<br /> VMV MOHT6A6E FORMS �BOOl6t t 7291
<br /> , - Papo t N 8 � N.�ted on RecYNal�apor I..
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