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88-104307 [5pKe Aboye This Uno For Recordlnl ~"'I DEED OF TRUST THIS DEED OF TRUST ("Security Instrument") is made on Augus t 5 1988 ,Thetrustoris Gary W. Raaberg and Lynn Raaberg, husband and wife ("Borrower"), The trustee is Norwest Bank Nebraska, National Association ("Trustee"). The beneficiary is Norwest Bank Nebraska, National Association , which is organized nnd existing under the laws of The United States of America ,and whose address is 202 West Third Street, Grand Island, Nebraska 68801 ("Lender"). Borrower owes Lender the principal sum of Fifty-one Thousand Six Hundred and no!100ths-------- -------------------------- Dollars (U,S. $ 51 ,600.00 ). This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on September 1, 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: The Westerly Twenty Six (26) feet of Lot Four (4) and all of Lot Five (5) in Block Fifty Three (53), in Charles Wasmer's Second Addition to the City of Grand Island, Hall County, Nebraska. This is a purchase money Deed of Trust. which has the address of 1821 West Louise [Street] Grand Island (City) Nebraska 68803 [Zip Code] ("Property Address"); TOOBmER Wtm 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 is referred to in this Security Instrument as the "Property." BoRROWER 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 properly. NEBRASKA-Slnlle Famlly-fNMAlFHLMC UNIFORM INSTRUMENT NIS 1164NE Form 3026 t2l63 Financial Law Form," Form tSl15