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<br />DEED OF TRUST
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<br />87- 107ra44
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<br />THIS DEED OF TRUST is made this 18th day of December
<br />19 87 . among the Trustor, Ronald L.Smith & Sharon K.Smith,. husband & wife & Richard
<br />A. . Rosno & LoyolaM. Roano, husband &. wi~erein "Borrower"), Firslier Bank, National Association,
<br />Omaha, Nebraska, (herein "Trustee"),and Beneficiary, Firslier Bank, National Association, Omaha,Nebraska, a
<br />corporation organized al'1d existing under the laws of The United States of America, whose address is 1700
<br />Farnam Street, Omaha, Nebraska, 68102-2183 (herein "Lender").
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<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably
<br />grants and conveys to Trustee. in trust, with power of sale. the following described property.located in the County
<br />of HALL . . State of Nebraska:
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<br />LOt One (1) and the West Thirty (30)Feet of Lot Two (2), Lush Subdivision,
<br />in the City of Grand Island, Hall County, Nebraska, comprising all of Lot
<br />One (1), Island Acres Number Seven (7),in the City of Grand Island, Hall
<br />County, Nebraska, situated in part of the South Half (S~) of Fractional
<br />Section Seven (7) and part of the Northwest Quarter of the Southwest
<br />Quarter (NW\SW\) of Section Eight (8), Township Eleven (11) North, Range
<br />Nine (9) West of the 6th P.M., Hall County, Nebraska, EXCEPT a certain
<br />tract conveyed to the City of Grand Island, Nebraska in Warranty Deed
<br />recorded as Document Number 83-004241.
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<br />which has the address of
<br />· Nebraska 68803
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<br />1831 North Webb Road
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<br />Grand Island
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<br />(herein "Property Address");
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<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights,
<br />appurtfi!nances. rents (subject however to the rights and authorities given herein to Lender to collect and apply
<br />such rents), royalties, mineral, oil and gas rights and profits. water, water rights, and water stock,and all fixtures
<br />now or hereafter attached to the property, all of which, including replacements and additions thereto. shall be
<br />deemed to be and remain a part of the property covered by this Deed of Trust; and all of the foregoing, together
<br />with said property (or the leasehold estate if this Deed of Trust ison a leashold) are herein referred to as the
<br />"PrOperty";
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<br />CCdy)
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<br />TO SECURE to LENDER (a) the repayment of the indebtedneSs evidenced by Borrower's note dated
<br />. December 18. 1987 (h,""n "Note"). in the principal sum of Fortv One Thousand Six
<br />. Hundred. & . no/lOO- ($41.600.00) -- Dollars. with interest thereon, providing for monthly installments
<br />of Principal and interest. with the balance of the indebtedness, if not sooner paid, due and payable on ~
<br />December 18, 1988 ; the payment of all other sums. with interest thereon, advanced
<br />in accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and
<br />agreements of BOrrower herein contained; and all. renewals, extensions and modifications thereof; and (b) the
<br />repayment of any future advances. with interest in thereon, made to Borrower by Lender pursuant to paragraph 21
<br />hereof (herein "Future Advances").
<br />BORROWER covenants that Borrower is lawfuUy seized of the estate hereby conveyed and has the right to
<br />grant and convey the Property, that the Property is unencumbered, and that Borrower will warrant and defend
<br />generally the title to the Property against all claims and demands, subject to any declarations. easements or
<br />restrictions listed in a schedule of e)(ceptionst6f.o'v"Jage in any title insurance policy Insuring Lender's interest
<br />in the Property.
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