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<br />[Spike Aboye This Un/! for RKOI'ding Data]
<br />
<br />DEED OF TRUST
<br />
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<br />
<br />THIS DEED OF TRUST ("Security Instrument") is made on March 21
<br />1988 ,The trustor is Leonard L. Schwieger and Naomi A. Schwieger, Husband and Wife
<br />("Borrower"), The trustee is Arend R. Baack,
<br />At torney at Law ("Trustee"). The beneficiary is
<br />Home Federal Sav ings and Loan Association of Grand Island , which is organized and existing
<br />under the laws of Nebraska , and whose address is 221 South Locust,
<br />P.O. Box 1009 Grand Island, Nebraska 68802 ("Lender").
<br />Borrower owes Lender the principal sum of Six Thousand Six Hundred Forty Nine and 72/100 --
<br />_________________n______ Dollars (V,S. $ 6,649.72 ). 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 />paid earlier, due and payable on March 25, 1 992
<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, ad,,'anced under paragraph 7 to
<br />protect tbe security ofthis Security Instrument; and (c) tbe 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 ONE (1) AND THE NORTH TWENTY FOUR (24) FEET, SIX (6) INCHES OF LOT THREE
<br />(3), 8LOCK FIFTEEN (15), IN UNIVERSITY PLACE, AN ADDITION TO THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA, AND PART VACATED PROSPECT STREET AS
<br />SHOWN IN ORDINANCE NO. 4979 FILED FEBRUARY 11,1971 IN BOOK 21, PAGE 441.
<br />
<br />[Zip Codel
<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 />hereaftu II 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 .lhis Security Instrument as th~ "Property,"
<br />
<br />BoRROWER COVENANTS that Borrower is lawrully seised of the estate hereby conveyed and has the right to grant
<br />and convey the Property and that :h~ Property is unencumbered, except for encumbrances of record. Borrower warrants
<br />and will defend generally the title to the Property againsl all claims and demands, subject to any encumbrances of record,
<br />
<br />THIS SECURITY INSTRUMENT combines unifoml covenants for national use and non-unifonn covenanls wilh
<br />limited variations by jurisdiction to constitute a uniform security instrument covering real property,
<br />
<br />2130 North Howard
<br />[Slreetl
<br />
<br />("Property Address");
<br />
<br />Grand Island
<br />IClty)
<br />
<br />which bas the addrcs5 of
<br />
<br />Nebraska 68803
<br />
<br />N(BRASKA-Sinil~ Ftmil)'-FHMAIFHLMC UNIFORM IHSTJlUMEHT
<br />
<br />forOl 3028 12/8]
<br />
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