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ri I I I I I I I ! j I i I i I , I I I t I ! 88-100303 [Space Above This Line For Recording Data] DEED OF TRUST THIS DEED OF TRUST ("Security Instrument") is made on January Z Z 19 88 . The trustor is Gary W. Pemberton, an unmarried person ("Borrower"). The trustee is Norwest Bank Nebraska, ("Trustee"). The beneficiary is , which is organized and existing National Association. Norwest Bank Nebraska, National Association under the laws of The United States of America ,and whose address is ZOZ West Third Street, Grand Island, Nebraska 68801 ("Lender"). Borrower owes Lender the principal sum of Forty--five Thousand and no / 100ths--------------- ________________.,._________ Dollars (U .S. $ 45,000.00 ). This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on February 1, Z018. This Security Instrument secures 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 interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the perfomlance of Borrower's covenants and agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in Hall County, Nebraska: Lot Twelve (12), Colonial Estates Fifth Subdivision, in the City of Grand Island, Hall County, Nebraska. This is a Purchase Money Deed of Trust. which has the address of 3104 Kennedy Way [street) Grand Island [City) Nebraska ("Property Address"); 68803 [lip Code) TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or hereafter 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 lawfully 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 nOll-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. NEBRASKA-Single family-fNMA/fHLMC UNIfORM INSTRUMENT NIS 1164NE Form 3028 12/83 Finaotlal La1N FOfms.... Fnrm 1;16 ; i }J 'J;1 i;~' r ~W !~ ~1 .'i~ r- I i t