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[apue N ro D* Line For, Recorfts Dahl 88. 1�33�� DEED OF TRUST 88-.103344 THIS DEED OF TRUST ('Security Instrument") is made on June 20 1988 . The trustor is GERALD F. VAN DEWALLE AND LINDA D. VAN DEWALLE, husband and wife ( "Borrower "(. The trustee is AREND R. BAACK, attomry ("Truatse "). The beneficiary is HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA, which is orgwdsed and existing under the laws of NEBRASKA, and whose address is 271 South Locust, GrOW Itlarrd, Nobaasilm SM I 1 "Lender "). Borrower owes Lender the principal sum of THIRTY TWO THOUSAND AND No /100 ----------------- - - - - -- ----------------------------- Dollars(U.S.S 32,OOD.00 ). This debt is evidenced byBomowersnote dated the same date as this Security Instrument ( "Note "), which provides for monthly payments, with the full debt, if rat paid earlier, due and payable on July 1, 2003 This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extension and modifications; (b) the payment of all other sums, with interest, advanced under para,Srapit 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements, For tbs purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following describe3 property located in HALL County, Nd aaka: LOT THREE (3), BLOCK ONE (1), IN LE HEIGHTS SECOND SUBDIVISION, BEING A PART OF THE NORTH- WEST QUARTER OF THE NORTHWEST QUARTER (NWkNWk) OF SECTION ELEVEN (11). TM MSHIP ELEVEN (11) NORTH, RANGE TEN (10) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA. which has the address of 4329 Kay Avenue] Grand Isll1rtyy Nebraska 68801 ( "Property Address); (zip code] TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights, appwUsames, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or hsraafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the forgoing is referred loin this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is Eawfully sewed of the estate hereby conveyed and has the right to grant sad convey the Property and that the Property is uneneumbered. except for encumbrances of record. Borrower warrants and +rill defend pnendly the title to the Property against all claims and demands. subject to any encumbrances of record. THIS S=Rrly INMUMENT combines uniform covenants for national use and non - uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. KMASKA- 44*% F&Wly— �/PN M tIW"M #WTRtIMENT fo,6 i01t 11!!79 rW4ftia tiw romr+ rpm. 14"s