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<br />[Space Above This Line For Recording Data]
<br />
<br />DEED OF TRUST
<br />
<br />THIS DEED OF TRUST ("Security Instrument") is made on February 25
<br />1988 ,ThetrustorisMichael J. Nolan and Beverly E. Nolan, husband and wife
<br />("Borrower"), The trustee is
<br />Norwest Bank Nebraska, National Association ("Trustee"). The beneficiary is
<br />Norwest Bank Nebraska, Nat ional Associat ion , which is organized and existing
<br />underthe laws of The United States of America ,andwhoseaddressis 202 West Third Street,
<br />Grand Island, Nebraska 68801 ("Lender"),
<br />Borrower owes Lender the principal sum of Sixty-one Thousand Two Hundred and no / 100ths---------
<br />-------------------------- Dollars (U.S. $ 61,200.00 ). This debt is evidenced by Borrower's note
<br />dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, ifnot
<br />paid earlier, due and payable on March 1, 2018.
<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 other sums, with interest, advanced under paragraph 7 to
<br />protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements, For this
<br />purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property
<br />
<br />located in Hall County, Nebraska:
<br />
<br />Lot Five (5), Block One (1), in Farmington Second Subdivision to the City
<br />of Grand Island, Hall County, Nebraska.
<br />
<br />which has the address of 1613 Spruce Road
<br />[Street]
<br />
<br />Grand Island
<br />[City]
<br />
<br />L
<br />
<br />68801
<br />[Z'p Code)
<br />
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights,
<br />appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or
<br />hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument- All of the
<br />foregoing is referred to in this Security Instrument as the "Property."
<br />
<br />BoRROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant
<br />and convey the Property and that the Property is unencumbered, except for encumbrances of record, Borrower warrants
<br />and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record,
<br />
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with
<br />limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />
<br />Nebraska
<br />
<br />("Property Address");
<br />
<br />NEBRASKA--S;t\i1e r am.ly-FNMA I fHlMC UNIFORM INSTRUMENT
<br />
<br />NIS 1164Nf
<br />Form 3028 12/83
<br />
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