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<br />88_104485
<br />
<br />DEED OF TRUST
<br />
<br />THIS DEED OF TRUST Is made this 15th day 01 AU'J-ust
<br />19 88 ,among the Trustor, Lvman J. Cass and Helen E. Cass, husband and wife
<br />(herein "BDrrower"), FirsTler Bank, National Association,
<br />Omaha, Nebraska, (herein "Truslee"), and Benellclary, Firslier Bank, NatiDnal AssociatiDn, Omaha, Nebraska, a
<br />corporation Drganlzed and existing under the laws 01 The United States 01 America, whDse address Is 1700
<br />Farnam Street, Omaha, Nebraska, 68102-2163 !hereln "Lender").
<br />
<br />BORROWER, in consideration 01 the Indebtedness herein recited and the trust herein created, irrevocably
<br />grants and conveys to Tru:;tee, In trusl, with power of sale, the lollowing described property located In the County
<br />01 Hall , State 01 Nabraska:
<br />
<br />Lot Twelve (12), Brach's Second Subdivision, to the City of Grand Island,
<br />Hall County, Nebraska and Lake Front Tract #12 A, in Hall County, Nebraska
<br />
<br />Subject to Mortgage of Record to The Equitable Building and Leand
<br />Association of Grand Island, Nebraska in the amount of $48,500.00 filed
<br />as Document #76-001735 on April 2, 1976, Hall County, Nebraska
<br />
<br />which has the address 01 1923 W. LaMar Ave.
<br />
<br />~Jbraska 68803
<br />'iSlallland ZIp CodI)
<br />TOGE'!"HER with all the improvements now or hereafter erected Dn the property, and all easements, rights.
<br />appurtenances, rents (subject however tD the rights and authorities given herein tD Lender to collect and apply
<br />such rents), royallles, minerai, DiI and gas rights and profits, water, water rights, and water stock, ami alllixturas
<br />now Dr hereafter attached to the prDperty, all 01 which, Including replacements and additions thereto, shall be
<br />deemed to be and remain a part 01 the property covered by this Deed 01 Trust; and all 01 the foregoing, together
<br />with said property (or the leasehDld estate if this Deed of Trust Is on a leash old) are herein relerred to as the
<br />"Property":
<br />
<br />''''""
<br />(herein "Property Address");
<br />
<br />Grand Island
<br />,""',
<br />
<br />TO SECURE to LENDER (a) the repayment 01 the Indebtedne!:S evidenced by Borrower's note dated -
<br />AUcplSt 15. ] '1R8 (herein "Note"), in the principal sum of Thirtv Five Thousand and
<br />no/100 - - - - - - _. - - - - - -Dollars, with Interest thereDn, providing lor monthly Installments
<br />01 principal and Interest, with the balance 01 the Indebtedness. if not SDoner paid, due and payable on -
<br />1100n cancel] ation : the payment 01 all other sums, with Interest thereon, advanced
<br />In accordance herewith to protect the security 01 this Deed of Trust; and the performance of the covenants and
<br />agreements 01 Borrower herein contained; and all renewals, extensions and modifications thereof; and (b) the
<br />repayment of any luture advances, with Interest In thereon, made to Borrower by Lender pursuant to paragraph 21
<br />hereol (herein "Future Advances").
<br />BORROWER covenants that Borrower is lawfully seized 01 the estate hereby convey~d and has the right to
<br />grant and convey the Property, that the Property is unencumbered, and thaI Borrower will warrant and defend
<br />generally the tille to Ihe Property against all claims and demands. subject to any declarations, easements or
<br />restrictions listed In a schedule 01 exceptions to coverage in any litle insurance policy insuring Lender's interest
<br />in tha Property.
<br />
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