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<br />88-104082
<br />
<br />THIS INSTRUMENT CONSTITUTES A CONSTRUCTION SECURITY INTEREST
<br />UNDER THE NEBRASKA CONSTRUCTION LIEN ACT
<br />
<br />[Spice Above This Line For Recording Dat.l]
<br />
<br />DEED OF TRUST
<br />
<br />AND CONSTRUCTION SECURITY AGREEMENT
<br />THIS DEED OF TRVST ("Security Instrument") is made on July 15
<br />1988 ,Thetrustoris Arnold C. Wenn and Linda C. Wenn, each in his and her own right, and
<br />as spouse of each other, ("Borrower"), The trustee is Earl D. Ahlschwede,
<br />("'Truslee"), The beneficiary is
<br />
<br />The Equitable Building and Loan Associat ion, Grand Island, Ne. ,which is organized and existing
<br />under the laws of the State of Nebraska ,andwhoseaddressis 113-115 North Locust
<br />Street, Grand Island, Nebraska ("Lender"),
<br />Borrower owes Lender the principal sum ofS ixty Thousand and no/I 00 ----------------------------
<br />------------------------------ Dollars (V,S, $ 60,000.00 ), This debt is eVIdenced by Borrower's note
<br />dated the same date as this Security Instrumenl ("Nole"), which provides for monthly payments, with the full debt. if not
<br />
<br />paidearlier.dueandpayablexlll as evidenced by the Note
<br />This Security Instrument secures 10 Lender: (a) the repayment of [he debt evidenced by the Note, with inlerest. and all
<br />~newaJs. extensions and modifications; (b) the payment of all other sums, with interest. advanced under paragraph 7 to
<br />protect the security oflhis Security Instrument; and (c) the perfonnance of Borrower's covenants and agreements, For this
<br />purpose, Borrower irrevocably grants and conveys to Trustee. In trust. with power of sale, the followmg described property
<br />
<br />located in Hall Counly. Nebraska:
<br />
<br />Lot Thirty (3D), Regency By The Green Subdivision, to the City of Grand Island, Hall
<br />County, Nebraska,
<br />
<br />which has the address of 2410 Overland Trails Circle, Grand Is1.and
<br />{5trH1]
<br />
<br />[C,t~J
<br />
<br />Nebraska
<br />
<br />6B801
<br />(lop C_I
<br />
<br />TOGETIlER WITIl all the improvements now or hereafter erected on the property. and all easements. rights.
<br />.ppurtenanc~ renU, ruyalties. mineral, oil and gas ri!;hts and profits. water rights and stock and all fixtures now or
<br />hereafter a part of the property, AU replll~ments and additions shall also be covered by this Security Instrumen!. All oflhe
<br />foregoinll is referred to in this Security Instrument as the "Property,"
<br />
<br />BoRROWER COVEN ANTI; that Borrower is lawfully seised of the estate hereby conveyed and has 1he right 10 gran1
<br />and convey the Property and that the Propeny is unencumbered. except for encumbrances of record, Borrower warrants
<br />and will defend generally the title to the Property against all claims and demands. subjecl 10 any en,"umbrnnces of record,
<br />
<br />TillS Sl,nIRtr)' INSTRUMENT combines uniform covenanlS for nallonal use nnd non-umform co"cnanlS wnh
<br />IImlled .anallon, by Jun'idlclIon toconSlnUle a unifonn !ol:Curit)' IDSlrumenl co"enng real properly
<br />
<br />("Property Address");
<br />
<br />NEBRASKA- ~~'nCI. ,.",,'~-rNMA I FHlMe UNIFORM INSTRUMENT
<br />
<br />form ]028 12/8]
<br />
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<br />"........"-UOI."'....n",ol, .'....~ ',8OO')81"'U
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