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<br />88- 100249
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<br />DEED OF TRUST
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<br />This Deed of Trust is made this 19th day of January , 19..Jlli, by and among
<br />DOUGLAS L. ANDERSEN, unmarried
<br />hereinafter referred to as Trustor, whose mailing address is 321 West Second St..
<br />Grand Island, NE ; AREND R. BAACK, Attorney at Law, herein,after referred to as "Trustee,"
<br />whose mailing address is P. O. Box 790, Grand Island, Nebraska 68802; and HOME FEDERAL
<br />SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as "Beneficiary,1I
<br />whose mailing address is 221 South Locust Street, P. O. Box 1009, Grand Island, Nebraska
<br />68802.
<br />For valuable consideration, Trustor irrevocably grants, transfers, conveys and
<br />assigns to Trustee, in trust, with power of sale, for the benefit and security of Bene-
<br />f~ciary, under and subject to the terms and conditions of this Deed of Trust, the fol-
<br />lowing described property, located in HALL County, Nebraska, to-wit:
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<br />THE WESTERLY ONE-THIRD (Wl/3) OF LOT THREE (3) AND ALL OF LOT FOUR (4), IN BLOCK
<br />EIGHTY-ONE (81), IN ORIGINAL TOWN, NOW CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
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<br />together with all buildings, improvements, fixtures, streets, alleys, passageways,
<br />easements, rights, privileges and appurtenances located thereon or in any way pertaining
<br />thereto, and the rents, issues, profits, reversions and the remainders thereof, includ-
<br />ing all such personal property that is attached to the improvements so as to constitute
<br />a fixture, all of which, including replacements and additions thereto, are hereby de-
<br />clared to be a part of the real estate conveyed in trust hereby, it being agreed that
<br />all of the foregoing shall be hereinafter referred to as the "Property."
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<br />FOR THE PURPOSE OF SECURING:
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<br />(a) the payment of indebtedness evidenced by Trustor's note of even date herewith
<br />in the principal sum of THIRTY EIGHT THOUSAND SIX HUNDRED AND NO/IOO- DOLLARS
<br />($ 38,600.00 ), together with the balance of such indebtedness, if not sooner
<br />paid, due and payable on February 1 , 2003; with interest at the rate or rates
<br />provided therein, along with the payment-or-all other sums, with interest thereon,
<br />advanced in accordance herewith to protect the security of this Deed of Trust,
<br />together with the principal and interest on any future advance as evidenced by
<br />promissory notes stating they are secured hereby, and any and all renewals, modifi-
<br />cations and extensior'\s of such notes, both principal and interest on the notes
<br />being payable in accordance with the terms set forth therein, which by this refer-
<br />ence is hereby made a part hereof. The holder hereof shall have the option to
<br />accelerate the maturity of the note for which this mortgage is given as security,
<br />at any time after the NA loan year after first giving the undersigned or
<br />the then owner of the premises described herein a written notice three months
<br />in advance of its intent to do so. At no time shall the principal amount of the
<br />indebtedness secured by this Deed of Trust, not including sums advanced in accord-
<br />ance herewith to protect tresecurity of the Deed of Trust, exceed the original
<br />amount of the note plus $ 0.00
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<br />(b) the performance of each agreement and covenant of Trustor herein contained;
<br />and
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<br />(c) the payment of any sum or sums of money which may be hereafter paid or advanced
<br />by Beneficiary under the terms of this Deed of Trust, together with interest thereon
<br />at the rate provided in the note.
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<br />To protect the security of this Deed of Trust, Trustor hereby covenants and agrees
<br />as follows:
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