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<br />[Sp.ce AbOve This Line For Recordlna: Data]
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<br />DEED OF TRUST
<br />
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<br />
<br />THIS DEED OF TRUST ("Security Instrument") is made on July 15
<br />1988 ,Thetrustoris Bill L. Eppert and Patricia A. Eppert, each in his and her own right,
<br />and as spouse of each other, ("Borrower"), The trustee is Earl D. Ahlschwede
<br />("Trustee"), The beneficiary is
<br />
<br />The Equitable Building and Loan Association, Grand Island, Ne,whichisorganizedandexisting
<br />underthelawsof the State of Nebraska . and whose address is 113-115 North Locust
<br />Street, Grand Island, Nebraska, 6880 I ("Lender").
<br />Borrower owes Lender the principal sum of Forty Two Thousand and no / 100 ______________________
<br />-----------------------------Oollars (U ,S, $ 42,000. 00 ). This debt is evidenced by Borrower's note
<br />dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not
<br />paid earlier, due and payable on August ),2003
<br />This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all
<br />renewals, "X tensions and modifications; (b) the payment of all other sums, with interest, advanced under paragraph 7 10
<br />protect the security of this Security Instrument; and (c) the performance of Borrower's covenanls and agreements, For this
<br />purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property
<br />
<br />located in Ha 11 County, Nebraska:
<br />
<br />A tract of land located in the South Half of the Southeast Quarter (S\SE%) of Section
<br />Twenty Four (24), Township Eleven (I I) North, Range Nine (9) West of the 6th P.M.,
<br />Hall County, Nebraska, being more particularly described as follows: Commencing at
<br />the Southeast corner of said Section Twenty Four (24), also being the point of be-
<br />ginning, thence on an assumed bearing of S 89 Degrees 53' 48" W along the South line
<br />of said Southeast Quarter (SE%), a distance of Two Hundred Fifteen (215.00) Feet,
<br />thence N 00 Degree 00' 00" E along a 1 ine that is parallel to the East I ine of said
<br />Southeast Quarter (SE%), a distance of One Hundred Eighty Five (185.0) Feet, thence
<br />N 89 Degrees 53' 48" E along a line that is parallel to the South line of said
<br />Southeast Quarter (SE%), a distance of Two Hundred Fifteen (215.00) Feet. thence S
<br />00 Degree, 00' 00" W along the East line of said Southeast Quarter (SE%), a distance
<br />of One Hundred Eighty Five (185.00) Feet to the point of beginning.
<br />
<br />which has the address of Rural Route 116, Box 232, Grand Island.
<br />[s....tJ
<br />
<br />ICllyl
<br />
<br />Nebraska
<br />
<br />68801
<br />Illp Code]
<br />
<br />("Property Address");
<br />
<br />TOOETHER WITH all the improvements now or hereafter erected on the property, and all easements. rights,
<br />appurtenances, rents, royalties. mineral. oil and gas rights and profits, water rights and slock and all fixtures now or
<br />hereafter a part oflhe property, All replacements and additions shall also be covered by this Security Instrumenl. All oflhe
<br />foregoing is referred to in this Security Instrument as the "Property,"
<br />
<br />BoRROWER COVENANTS Ihat Borrower is lawfully seised of Ihe estate hereby conveyed and has the right to grant
<br />and convey Ihe Property and Ihalthe Property is unencumbered, except for encumbrances of record, Borrower warrants
<br />and will defend generally the litle:o lhe Property against all claims and demands, subject to any encumbrances of record.
<br />
<br />TillS SECURITY INSTRUMENT combines unifonn covenants for national use and non-Uniform ,-"vcnanl, wuh
<br />limiled variations by jurisdIction to constitule a unifonn security instrument covering real pro!",rl}
<br />
<br />NEBRASKA-Sine" faml'1-FNMA/FHlMC UN'FOIllol INSTRUMENT
<br />
<br />rorm Jon 121 IJ
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