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DEED OF TRUST 88-- 102848
<br />This Deed of Trust is made this 2nd day of June , 19C. by and among
<br />RONALD L JURACEK AND SHARON R RAC K, ht+ahanH anH wi fo
<br />hereinafter referred to as Trustor, whose mailing address is 2sin 5t Patr;rk A»P__ nand
<br />Island, NE 6880 AREND R. BAACK, Attcrney at Law, hereinafter referred to as "Trustee,"
<br />whose mailing address is P. 0. Box 790, Grand Island, Nebraska 68802; and HOME FEDERAL
<br />SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as "Beneficiary,"
<br />whose mailing address is 221 South Locust Street, P. 0. Box 1009, Grand Island, Nebraska
<br />68802.
<br />For valuable consideration, Trustor irrevocably grants, transfers, conveys and
<br />assigns to Trustee, in trust, with power of sale, for the benefit and security of Bene-
<br />ficiary, under and subject to the terms and conditions of this Deed of Trust, the fol-
<br />lowing described property, located in HALL County, Nebraska, to -wit:
<br />THE SOUTHERLY ONE HUNDRED EIGHTEEN (118) FEET OF LOT TWO (2), BLOCK ONE (1), OF DICKEY'S
<br />SUBDIVISION, LOCATED IN THE EAST HALF OF THE SOUTHEAST QUARTER (E1 /2SE1 /4) OF SECTION
<br />ONE (1) TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10) WEST OF THE 6TH P.M., HALL COUNTY,
<br />NEBRASKA.
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways,
<br />easements, rights, privileges and appurtenances located thereon or in any way pertaining
<br />thereto, and the rents. issues, orafits, reversions and the remainders thereof, includ-
<br />ing all such personal property that is attached to the improvements so as to constitute
<br />a fixture, all of which, including replacements and additions thereto, are hereby de-
<br />clared to be a part of the real estate conveyed in trust hereby, it being agreed that
<br />all of the foregoing shall be hereinafter referred to as the "property."
<br />FOR THE PURPOSE OF SECURING:
<br />(a) the payment of indebtedness evidenced by Trustor's note of ever date herewith
<br />in the pri.rcipal sum of FORTY SEVEN THOUSAND AND NO /100-------------------- - - - - --
<br />($ 47,000.00_), together with the balance of such indebtedness, if not sooner
<br />paid, due and payable on July 1 , 1998 ; with interest at the rate or rates
<br />provided therein, along with the payment of all other sums, with interest thereon,
<br />advanced in accordance herewith to protect the security of this Deed of Trust,
<br />toqether with the principal and interest on any future advance as evidenced by
<br />promissory notes stating they are secured hereby, and any and all renewals, modifi-
<br />cations and extensions of such notes, both principal and interest or the rotes
<br />being payable in accordance with the terms set forth therein, which by this refer-
<br />ence is hereby made a part hereof. The holder hereof shall have the option to
<br />accelerate the maturity of the note for which this mortgage is given as security,
<br />at any time after the NA loan year after first giving the undersigned or
<br />the then owner of the premises described herein a written notice three r1orths
<br />in advance of its intent to do so. At no time shall the principal amount of the
<br />indebtedness secured by this Deed of Trust, not including sums advanced in accord-
<br />ance herewith to protect thesecurity of the Deed of Trust, exceed the original
<br />amount of the note plus $ 0.00 ;
<br />(b) the performance of each agreement and covenant of Trustor herein cortaired;
<br />and
<br />tc) the payment of any sum or sums of money which may be hereafter paid or advanced
<br />Uy Beneficiary under the terms rA*this Deed of Trust, together with interest t:hereor,
<br />at the rate provided in the note.
<br />To protect the ,security of this Geed of Trust, Trus7tor hereby covenants atnd oori(Pt>
<br />ras f`oIIaw5
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