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<br />(..... AlIa.. 1Na IJM For 11_' om)
<br />
<br />DEED OF TRUST
<br />
<br />THlS DEED OF TRUST I"Security Instrument") is made on July 15
<br />19 88 . The trusuw is Virgil L. Lowry and Juanita W. Lowry, Husband and Wife
<br />I"Borrower"). The trustee is AREND R. BAACK"IIltomIlY I"Trustee").
<br />The beneficiary 18 HOllE FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA, which ill
<br />orpuiled and eUlting under the laws of NEBRASKA, and whose address is 221 South Loculi. GrInd IlIlIld, Nebralal
<br />lIII01 ("Lender").
<br />Borrower owes Lender the principal sum of Thirty Fi VB thousand and no/100------------------
<br />__________________n______ DoUan (U.S. S 35,000.00 ). This debt is evidenced by Borrower's nOle
<br />dated the SIIIIe date IS this Security Instrument ("Note"), which provides for monthly payments, with Ihe full debt. if not
<br />paid earlier, dunndpayable on August 1, 2003
<br />1b.is Security Inslrument secutea ,10 Lender: (a) Ibe repayment of tbe debt evidenced by tbe Note, witb interesl, and III
<br />rencwail, extensions and modillcations; (b) tbe payment of all other sUilll, with interest, advanced under parqrapb 7 to
<br />protect tlJe security of tbit Securily Insti'Umenl; IlDd (c) the performance of Borrower's covenants and agreements. For lbit
<br />purpose, Borrower irrevocably grants and conveys 10 Trustee, in lrusl, witb power of sale. tbe following described property
<br />located in Hall Counly. Nebruka:
<br />
<br />Lot Twenty One (21), in Rand B Subdivision, Hall County, Nebraska.
<br />
<br />which hu the IIddraa of
<br />
<br />4037 Mansfii~l
<br />("Property Addrea");
<br />
<br />Grand IsltmJjl
<br />
<br />Nebrab
<br />
<br />L
<br />
<br />68603
<br />(Zip CooloJ
<br />
<br />TooETHEJl WITH a11lbe improvements now or bereafter erected on tbe property, and all euement., rights,
<br />appurtaIaIICeI. rents, royalties, mineral, oil and .. riahts and proIIts, water rights Ind slock and all I!Illures now or
<br />hen8ftcr a part oldie property. All rep1Icemenll and Iddltioos sballalJo be covered by Ihis Securi'y Instrument. All oflhe
<br />rarqoiqllrefemdlOin tllilSeeurity Instrumenl u lbe"ProperIy."
<br />
<br />Bouowu. COVENANTS lhal Bonower ialawfuUy ICiIed oflhe estale hereby conveyed and hu the righllo granl
<br />aad ccawey tile Property aad lballbe Property ia ~bered. QcepI for encumbrances of record. Borrower warrants
<br />_ will defeDd pIIIIRIIy lbe tille 10 the Propeft)' apiIIIt all claimtlUld danandl. subject to any encumbrances of record,
<br />
<br />THIs SECUJlITY INStaUMENT combillCll unil'orm covenanll for national lIIe oct non-unirorm covenants with
<br />Umited yariations by jurildleliolllo oonstitute a uniform IeCUrity inslrument covering real propeny,
<br />
<br />NIIIlUlA 'I.... F~/ntUIlC llMfOlIII MTllUMIMT
<br />...... .... "0ItM"
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<br />Form JOII UfU
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<br />VI
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