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THIS DEED OF TRUST ( "Security Instrument") is made on June 9 19 88 The trustor is Richard L. Bales and Connie S. Bales, H bbats aid Wife ------ - - - - -- ------------------------------- ("Borrower"). The trustee is AR D ti.�AACK, ottonlh CThtstee"1. The beneficiary Is HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA, which is organised and existing under the laws of NEBRASKA, and whose address is 221 South Locust, Grand Istomd, IMbraska GWI ("Lender "). .Borrower owes I and the principal sum of Twenty Thousand and noL100 --------------- ------ tZUS - -- ------------------------- Dollars(U.S. 2�,�OO.Q( ) debt is dated the same daft ere this Security Instrument C' Note'), w 'c prove for monthly payments, with the full debt, if mot paid earlier. due and payable an Jun , 1998 This Security Instrument secures to L ender: ra) t6e repayment of the debt evidenced by the Note, with interest, and all t+eam&* extensions and moth ladoms; (b) the payment of all other suns, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this purpose. Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in Hall County, Nebraska: Lot Nine (9), Block Four (4), Olde mill Subdivision of Grand Island, Hall County, Nebraska. which has the address of 2815 Stagecoach Circle Grand Island (stress) [Cf l Nebraska 68801 C'property Addme); Izro cool TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights, ppYifeo moes, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or 5ettl�Rer a part of the property: All replacements end additions shall also be covered by this Security Instrument. All of the fore�ohi� is rafe'red to in this Security Instrument as the "Property." BORROWER COVENANTS,that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. Tests SacuRn y lmmumENT cornbims uniform covenants for national use and nonuniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. N A A�- t;IngM Fatmr- eft"Insm tMl ORM INSTRUMENT Form 3028 12M 01M4a,1a, lam rase," ran.. INS