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<br />~ THIS DEED OF TRUST ("Security Instrument") is made on February 24th
<br />h ( 1988 . The trustor is Walter L. Vargason and Linda J. Vargason, Husband and Wife
<br />~~ -------------------------------- ("Borrower"). The trustee is Arend R. Baack, Attorney. .
<br />
<br />f~ \It ~~m;a~~~~;~~-~~:~~~~-~~~-~~~~-~~~~~~~~~~~--------------------~~~~~~~:~~~ni:e~b::::::;~;
<br />
<br />'. under the laws of Nebraska ,and whose address is 221 South Locust
<br />~ ("L d ")
<br />~ ~ Gr~nd Island, Nebraska. en er .
<br /><:::::. (~ Bo,rowerowesLenderthepnnctpalsumof Twenty Five Thousand andJ:lo!1oo------------------
<br />[ "f) ~ ---------------------------- Dollars (U.S. $ 25 000 00 ). ThIs debt is evidenced by Borrower'~ note
<br />" '\. dated the same date as this Security Instrument ("Note"), wlnc'li provlOc:s for monthly payments, with the full debt, If not
<br />
<br />\ () \. paid earlier, due and payable on "'lar h 1 1 989
<br />~ ~ This Security Instrument secures to Lender: 1a) th~ 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 pro!Jerty
<br />
<br />~, located in Hall County, Nebraska:
<br />
<br />
<br />~
<br />
<br />DEED OF TRUST
<br />
<br />~
<br />~
<br />
<br />Lot Five (5), Block Two (2), in Normandy Estates, an Addition to the City of
<br />
<br />Grand Island, Hall County, Nebraska.
<br />
<br />which has the address of
<br />
<br />1412 Coventry Place
<br />[Street]
<br />
<br />Grand Island
<br />[City]
<br />
<br />Nebraska
<br />
<br />68801
<br />
<br />,.......-
<br />
<br />L
<br />
<br />[Zip 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 slock and all fixtures now or
<br />hereafter a part of the property. All replac~ments 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 />("Property Address");
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<br />..~
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<br />~.
<br />
<br />NEBRASKA-Single Family-FNMA/FHlMC UNIFORM INSTRUMENT
<br />
<br />Form 3026 12/83
<br />
<br />'Inanclal taw FOHn,'"
<br />rom"! ,gl~
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