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<br />DEED OF TRUST
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<br />88-. 102092
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<br />THIS DEED OF TRUST is made this 15th day of lWril
<br />19 8:8 ,among the Trustor, R,onald L. Schierlinq & Doris A. Schierling,
<br />husband & wife (herein "Borrower"), Firsller Bank, NationalAssociation,
<br />Omaha, Nebraska, (herein "Trustee"), and Beneficiary, Firs1ier Bank, National Association, Omaha, Nebraska, a
<br />corporation organized and existing under the laws of The United States of America, whose address is 1700
<br />Farnam Street, Omaha, Nebraska, 68102-2183 (herein "Lender").
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<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably
<br />grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County
<br />of HALL . State of Nebraska:
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<br />Fractional Lot Four <.4), in .Fractional BIQck ,Pi ve (5), in the
<br />Bonnie Brae Addition and its complements to-wit; Fractional
<br />Lot Four (4), in Fractional Block Twenty-two (22), in Wallich's
<br />Addition, both being Additions to the City of Grand Island,
<br />Hall County, Nebraska.
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<br />Subject to Mortgage of Record to Associates National Mortgage
<br />Corporation in the amount of $35,000.00 recorded as document
<br />#84-00915, Hall County, Nebraska.
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<br />which has the address of 1217 West 5th Grl'lnil T..., ..nn
<br />1SQet) ICityl
<br />· Nebraska (herein "Property Address");
<br />(SInI_ Zip Cadel
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights,
<br />apPurtenances, rents (subject however to the rights and authorities given herein to Lender to collect and apply
<br />such rel1ts), royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and all fixtures
<br />now or. hereafter attached to the property, all of which, including replacements and additions thereto, shall be
<br />dee.medto ba and remain a part of the property covered by this Deed of Trust; and all of the foregoing, together
<br />with said property (or the leasehold estate if this Deed of Trust is on a leash old) are herein referred to as the
<br />"Propertyf!;
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<br />TO SEfUflE to ~NDER (a) the repayment of the indebtedness evidenced by Borrower's note dated _
<br />. Apr1: 5. 9~8 .. (herein "Note"), in.the principal sum of Ten thousand and no/lOO--
<br />... . (~10. 000..00) -~-----------...,----- Qollan~,. with interest thereon, providing for monthly installments
<br />of prinCipal and interest, with the balance of the indebtedness, if not sooner paid, due and payable on
<br />., . . .. . . . .. . . ; the payment of all other sums, with interost thereon, adv~nced
<br />i~~~dance herewith to protect the seCurity of this Deed of Trust; and the performance of the covenants and
<br />agreements of Borrower herein contained; and all renewals, extensions and modifiGdil.ons thereof; and (b) the
<br />repayment 01 any future adva~ with intereslin thereon, made to Borrower by lender pursua"t ~ Pfr~gl'!iph 21
<br />hereof (herein "Future Advances"),.. ..
<br />BOF,tROWER covenants that Borrower is lawfully seized of the eslate hereby conveyed and has the right to
<br />grant and convey the Property,that the Property is unencumbered, and that Borrower will warrant and defend
<br />generally the title to the Property against all claims and demands, subject to any declarations, easements or
<br />restrictions lilted I" a schedule of exceptions to coverage in any title insurance policy insuring Lender's interest
<br />In the Property.
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