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<br />88_104497 <br /> <br />[SpOIler Above This Une For Recording Datal <br /> <br />DEED OF TRUST <br /> <br />THlSDEEDOFTRUST ("Securilylnslrumenl")ismadeon August 11 <br />19 88. The trustor is Michael L. Timmerman and Nancy J. Timmerman. husband and wife <br />("Bnrrower"). The truslec is <br />Norwest Bank Nebraska, National Association ("Truslcc"). The beneficiary is <br />Norwest Bank Nebraska, National Association ,whichisorganizedandexisting <br />undeTlhe Jaws of The United States of America . and whose address is 202 West Third Street. <br />Grand Island, Nebraska 68801 ("Lender"). <br />Borrower owes Lender Ihe principal sum of Sixt een Thousand and no 11 OOths--------------- <br />__________________________ Dollars (U.S. S 16;000.00 ). This debl is cvidenced by Borrower's nOle <br />dated the same dalc as tbis SccurilY Instrument ("Note"). wbich provides for monlhly paymenls. wilh Ihc full dcbt. if nOI <br />paid earlier, due and payablcon September I, 1993. <br />This Security Instrument secures to Lender: (a) the repaymcnt of the deht evidcnced by the Notc. with inlerest. and all <br />renewals, extensions and modificalions; (b) the payment of all other sums, with interest. advanced under paragraph 7 10 <br />protecllhe security of this Security Instrument; and (c) thc performance of Borrower's covenants and agreements. For this <br />purpose, Borrower irrcvocably grants and cnnvcys to Trustee, in trust, witb powcr of salc. the following described property <br /> <br />located in Hall County. Ncbraska: <br /> <br />The South Thirty-Four Feet (34') of Lot One (I), in Block One Hundred <br />Forty-Seven (147), in Union Pacific Railway Co.'s 2nd Addition to the <br />City of Grand Island, Hall County. Nebraska. <br /> <br />which has the address of <br /> <br />206 South Vine Street <br />{S1reel] <br /> <br />Grand Island <br />(C'I~I <br /> <br />Nebraska <br /> <br />68801 <br />(ZIP Code) <br /> <br />TOOETHER WITH all the improvements now or hereafter erecled on the property. and all ea.'icmenls, nghl!!o, <br />appurtenances, rents, royalties, mineral, oil and gas righls and profits. water rights and stock and all fixtures now or <br />bereafler a part oftbe prcperty. All replacements and additions shall also be covered by lhis Security Instrumenl All of the <br />foregoing is referred to in lhis Security Inslrument as the "Property." <br /> <br />BoRROWER COVENANTS lhal Borrower is lawfully seised of lhe eslatc hereby conveyed and has the nghl to grant <br />and convey the Property and thallhe Propeny is unencumbered, except for encumbrances of record. Borrower warranb <br />and will defend generally the title to the Property against all claims and demands. subjed to any encumbrances of record. <br /> <br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-unifoml co\'cnant~ with <br />limited variations by jurisdiction to constitute a uniform security instrument covering real property <br /> <br />("Property Address"); <br /> <br />FI"ar>C:lalla. Ff>.m," <br />FflTm 1915 <br /> <br />Form 3028 12/83 <br />NtS 1164NE <br /> <br />NEBRASKA-songl. Fam",-fNMAlfHUrlC UNIFORM INSTRUMENT <br />