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88- 103607 ,.. r.- I. t:~ (- [Spece Above ThIo Une For Recordlnl Delli] It r;.: l' !; i C !' i i \ DEED OF TRUST THIS DEED OF TRUST ("Security Instrument") is made on June 28 19 88 . The trustor is Timothy J ..Schimmer and Susan ,Schimmer, husband and wife ("Borrower"). The trustee is Norwest Bank Nebraska, National Association Norwest Bank Nebraska, National Association under the laws of The United States of America ,andwhoseaddressis 202 West Third Street, Grand Island, Nebraska 68801 ("Lender"). Borrower owes Lender the principal sum of Fifty Thousand and no/l00ths---------------------- __________________________ Dollars (U .S. $ 50,000. 00 ). This debt is evidenced by Borrower's note dated the same date as this Security Instrument (UNote"), which provides for monthly payments, with the full debt, if not paidearlier,dueandpayableon' August I, 2018. This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals. extensions and modifications; (b) the payment of all other sums, 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: ("Trustee"). The beneficiary is , which is organized and existing A tract of land comprising the Westerly Five Hundred (500) feet of the Southerly Eight Hundred Seventy-One and two-tenths (871.2) Feet of the Northwest Quarter (~) of Section Thirty-Five (35), Township Eleven (11) North, Range Nine (9) West of the 6th P.M., in Hall County, Nebraska. which has the address of Rt. 2, Box 314A [Street] Grand Island [City) Nebraska ("Property Address"); 68801 [Zip COde] TOOETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing.isreferred to in this Security Instrument as the "Property." BoR,RQW~ 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. THIs SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. NEBRASKA-Single Femily-fNMA/FHLMC UNIFORM INSTRUMENT NIS 1164NE Fl>rm 3028 12/83 Financial UW Forms" Form 1115