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I ~ ~L ~ ~ [ ~- R , ~- 88- 101035 [Space Above This Une For Recording Data] DEED OF TRUST THIS DEED OF TRUST ("Security Instrument") is made on February 26th 19 88. The trustor is Josiah E. Hutchison and Patricia J. Hutchison, Husband and Wife ____________________n__ ("Borrower"), The trustee is Arend R. Baack, Attorney At Law ____ _ ____ __ __ ___ __ __ -------- -- - --- --- - -- ----- __n -- ("Trustec"). The beneficiary is Home Federal Savings and Loan Association -----------------,-which is organizcd and existing under the laws of Nebraska ' and whose address is 221 South Locust Grand Island, Nebraska 68801------------------------------------------ ("Lendcr"), Borrowcrowes Lenderthe principal sum of Thirty Thousand and no/1oo----------------------- __________________________ Dollars (U,S. $ 30,000.00 ). 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 Apr il 1, 2003 This Security Instrument secures to Lender: (8) 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 performance 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 prcperty located in Hall County, Nebraska: Lot Twenty-Two (221 Block Two (2), in Southern Acres Addition to the City of Grand Island, Hall County, Nebraska. which has the address of Grand Island, (City] Nebraska 2414 Brahma [Street] ("Property Address"); r-- 68801 [Zip 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 encumbranccs of record. THIS SECURITY INSTRUMENT combines uniform covenants for national lIse and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property, ~10 NEBRASKA-Single Family-FNMA/FHLMC UNIFORM INSTRUMENT Form 3028 12183 Fin.neill law Formt'. Form 191~