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r: S>v~ ~ " "\ ~ ~ ~ ~ ~ .~ '\ (") U> sB co I :=; ro-iz G") C> co 0 -< cQlOl \ 2 03 ;;i'."" o -Tj~ ~ \'t 3 ~r\"~ i ^N'~ . '-'U>!::- ~ \.N~ (fl l:) \1;:0 .. ~I\ co co r~ ., ::J:: ~ t"'-! ;:c.. = :;-) 0 r CD -rJ Cl -0 ,." ~ ,." --'- :::> -l=' !J) ,.l;.- I'.> [Space Above This Une For Recordinl Data] ~C7 ~ "\.b DEED OF TRUST THIS DEED OF TRUST ("Security Instrument") is made on March 2 19 88. Thetrustoris Robert O. Kutz and Marla M. Kutz, Husband and Wife -------------- -____________________________ ("Borrower"). The trustee is Arend R. Baack, Attorney _ __ __ __ _ ___ _____ _ _ _ _ __ _ __ _ _ _ _ _ ___ __ __ _ _ __ _ _ __ ____ __ _ _ _ _ _ _ _ __ _ ""Trustee"). The beneficiary is Home Federal Savings and Loan Association , which is organized and existing under the laws of Nebraska , and whose address is 221 South Locust Grand Island, Nebraska 68801 ("Lender"). Borrower owes Lender the principal sum of Seven Thousand and no/1oo-------------------------- --------.--------------------'OOllars(U.S. $ 7,000.00 ). This debt is evidenced by Borrower's note dated the same date asthis Security Instrument ("Note"), which provides for monthly payments, with the full debt, ifnot paid earlier, due and payable on August 25, 1991 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 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 property located in Hall County, Nebraska: Lot Ten (10). having a lake front footage of 54 feet, situated on the West side of the West portion of Kuester Lake and being on a part of the E~swk in Section 13. Township 11, Range 9, in Hall County, Nebraska, bounded on the Northwesterly side by a common road; such lot is as shown on a plat in the possession of the lessor. "This rnortgage is given to secure a chattel promissory note the security for which is all personal and chattel property located upon said lot, and all of our interest and ownership in the common stock of Kuester Lake, Inc." which has theaddressof H20 Kuesters Lake [Street] Grand Island [City] u 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 lhtures now or hereafter a part of the property. All rep1acements and additions shall also be covered by this Security Instrument. All of the foregoin, is referred to in this Security Instrument as the "Property." BoRROWER COVENANTS that Borrower is ]awfully 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 non-uniform covcnang with limited variations by jurisdiction to constitute a uniform security instrument covering rea) property. Nebraska ("Property Address"); MEBRASKA-Sinlle Family-fNMA/FMlMC UNlfOfttil INSTRUMENT form 3021 12/13 f~.-.c~.l L..., fOt'ma"ll 'Otth tlt1& [ r-- i r-- I--