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DEED OF TRUST 88- 103688 THIS DEED OF TRUST is made this 27 1988 ,amongtheTrustor, Darrel D. Dubbs II Husband and Wife First American Title Insurance Co. Sear. Consumer Financial Corporation exlsllng under the laws of Kansas whoseaddressls 9225 Indian Creek Parkway, Corporate Woods. Bldg. 32 Over land Park KS 88210 (hereln "Lender"), day Of June Nona M. Dubbs (herein "Borrower"), (herein "Trustee"), and the B_ficlary, . a corporation organizid and BORROWER, in consideration of the Indebtedne~s herein recited and the trust herein created, irrevocably grantsandcorweys to Trustee, in trust. with power of sale, the following described property located in the County of Ha I I , State Of Nebriiska: A TRACT OF LAND IN THE SOUTHEAST 1/4 OF SECTION 27, TOWNSHIP 10 NORTH, RANGE 11, WEST OF THE 8TH P.M., MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT A POINT 93 1/2 RODS NORTH OF THE SOUTHEAST CORNER OF SECTION 27. TOWNSHIP 10 NORTH, RANGE 11, WEST OF THE 8TH P.M.; THENCE R~ING NORTH ALONG THE EAST LINE OF SAID SECTION 27 172 1/2 FEET; THENCERLMlfID SOUTH 83 DEGREES 10 MINUTES WEST 252 FEET; THENCE RUNNING SOUTH 17,2.1/2 FEET; THENCE RUNNING NORTH 83 DEGREES 10 MINUTES EAST (VA. 11 DEGREES 45 MINUTES EAST) 2&2 FEET TO THE PLACE OF BEGINNING, HALL COUNTY, NEBRASKA, which has the address Of Route 2, Box 193 Nebraska 88883 ($1'000 (herein "Property Address"): ,Wood River (Cily! (Zip Codol TOGETHER with all the Improvements now or hereafter erected on the property. and all easements. rights, appurtenances and rents (subject however to the rights and authorilles given herein to Lender to collect and apply suCh rents), all of which Shall be deemed to be and remain a part Of the property covered by this Deed Of Trust: and all of the foregoing. together with said property (or the leasehold estate if this Deed of Trust is on a leasehold) are hereinafter referred to as the "Property"; To SECURE to Lender the repayment of the indebtedness evidenced by Borrower's note dated 06/27/88 and extensions and renewalS thereof (herein "Note"). in the principal sun of U.S. $ 7180.00 , with interest thereon. provldlng for monthly Installments of principal and Interest, with the balance of the Indebtedness, If not sooner paid, due and payable on Ju I y 01, 199a the payment of all other s~s, with interest thereon, advanced in accordance herewith to protect the security of this Deed oI Trust: and the performance of the covenants and agreements of Borrower herein contained, Borrower covenants that Borrower Is lawfully seised of the estate hereby conveyed and has the right to grant and corwey the Property, and tllat the Property Is unenc~bered, except for enc~brances of record. Borrower covenants that Borrower warrants and will defend generally the tille to the Property against all claims and demands, subject to enc~brances of record. LNIFOR\ll COVENANTS. Borrower and Lender covenant and agree as follows: 1, Plymant of PrincipII Ind Int.r'lt. Borrower shall prcmptly pay when due the principal and interest indebtedness evidenced by the Note and late charges as provided In the Note. 2. Fun. for Tlx" and IlIIurance. Subject to applicable Ilwor a wrlnen waiver by Lender, Borrower shall pay to Lender on the day monthly payments of principal and Interest are payable under the Note, until the Note is paid In full, a s~ (herein "Funds") equal to ona-twelfth of the yearly taxes and assessments (including condomlnl~ and planned unit development assessments, if any) which may analn priority over this Deed of Trust. and ground rents on the Property, If any, plus one-twelfth of yearly premi~ Installments for hazard insurance, plus one-twelfth of yearly preml~ Installments for mortgage Insurance. If any. all as reaSOnably estimated Inlllally and from time 10 time by Lender on the basis Of assessments and bills and reasonable estimates thereof. Borrower shall not be obligated to make such payments of Funds to Lender to the extent that Borrower makes suCh paymenls to the holder of a prior' mortgage or deed of trust If such holder Is an Institutional lender . NEBRASICA-HOvIE MPROVEMENT-l/BO-FNMAlFHLMC UNIFORM INSTRUMENT lJenlO'ft 1.0 PIIII 1 of 4 CCERAA