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<br />[Space Above This line For Recordin. Data]
<br />
<br />DEED OF TRUST
<br />
<br />C)
<br />
<br />THIS DEED OF TRUST ("Security Instrument") is made on March 29
<br />19 88, The trustor is David T. Schroeder and Patricia A. 5chr-oeder. Husband and Wife
<br />-- - -- - - -- - - - - - - - - - -- - -- - -- - - - - - - - ("Borrower"). The trustee is AREND R. BAACK, attorney ("Trustee "I.
<br />The beneficiary is HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRANO ISLAND, NEBRASKA, which is
<br />organized and existing under the laws of NEBRASKA, and whose address is 221 South Locust, Grand Island, Nebraska
<br />88801 ("Lender").
<br />Borrower owes Lender the principal sum of Forty Five Thousand and no/l00----------------------
<br />--------------------- --- --- Dollars (V.S, $ 45.000.00 ), 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. ifnot
<br />paid earlier, due and payable on Apr il 1. 2003
<br />This &:curity 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:
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<br />Lot Twenty Six (26), Eaglewood Acres Subdivision, Hall County, Nebraska.
<br />
<br />which has the address of
<br />
<br />640 Swan Lake
<br />(Street)
<br />
<br />Grand Island
<br />(Cily]
<br />
<br />68801
<br />(lip Code)
<br />
<br />TOOETHER 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 a 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 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 coyenants 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-Singl:! F Imily-FNMA I FHlMC UNIFOItM INSTRUMENT
<br />
<br />Form 3028 1218.l
<br />
<br />FI"'tt't(.I.' l.... ,.Ofm....
<br />'(>0""815
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