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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 March '14,
<br />19 88 . The trustor is Craig L. Schoneberg and Darlene E. Schoneberg, Husband and
<br />Wi f e ("Borrower"). The trustee is Arend R. Baack, Attorney
<br />At Law ("Trustee"). The beneficiary is
<br />Home Federal Savings and Loan Association of Grand Island , which is organized and existing
<br />under the laws of Nebraska ,and whose address is 221 S. Locust,
<br />P.O. Box 1009 Grand island, Nebraska 68802 ("Lender"),
<br />Borrower owes Lender the principalSum of Fourteen Thousand Eight Hundred Forty Four and
<br />82/1 oo-----------..:-----------Dollars (U.S. $ 14,844.82 ), 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, if not
<br />paidearlier,dueandpayableon March 20, 1993
<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 THREE (3), SCHUMANN SUBDIVISION, HALL COUNTY, NEBRASKA.
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<br />2917 N. Webb Road
<br />[Street]
<br />
<br />Grand Island
<br />[Cily]
<br />
<br />which has the address of
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<br />LJ
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<br />68B03
<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 stock and all fixtures now or
<br />hereafter apart 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-Single Family-fNMA/fHLMC UNIFORM INSTRUMENT
<br />
<br />Form 3028 12183
<br />
<br />Fln.nol.i Law Forma'"
<br />Form 1915
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