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<br />DEED OF TRUST
<br />
<br />88-104573
<br />
<br />THIS DEED OF TRUST is made this 13th day of Auqust
<br />19 88 ,among the Trustor, Ronald R. Arent and Mary K. Arent, husband and wife
<br />(herein "Borrower'1, Flrsller Bank, National Association,
<br />Omaha, Nebraska, (herein "Trustee"), and Beneficiary, Firslier Bank, National Association, Omaha, Nebraska, a
<br />corporation organized and existing under the laws of The United States of America, whose address is 1700
<br />Farnam Slreet Omaha, Nebraska. 68102-2183 (herein "Lender").
<br />
<br />BORROWER, In consideration of the indebtedness herein recited and the trust herein created, irrevocably
<br />grants and conveys to Trustee,ln trust, with power of sale, the following described property loCated In the County
<br />of Hall . State of Nebraska:
<br />
<br />Lot Sixteen (16), Western Heights Second Subdivision,
<br />Hall County, Nebraska
<br />
<br />Subject to Mortgage of Record to The Equitable Building and Loan
<br />Association of Grand Island in the amount of $25,000.00, filed as
<br />Document ~76-00l821, Hall County, Nebraska
<br />
<br />which has lhe address 01 4231 Lariat Lane Grand Island
<br />,- ""'"
<br />Nebr~:.....~~03 (herein "Property Address"):
<br />
<br />TOGETHER with all the Improvements now or hereafter erected on the property, and all easements, rights,
<br />appurtenances, rents (subject however to the rights and aulhorlties given herein to Lender to collect and apply
<br />such rents), royalties. minerai, oil and gas rights and profits, water, water rights, and water slock, and all fixtures
<br />now or herealter attached fo the property, all of which, Including replacements and additions thereto, shall be
<br />deemed to be and remain a part of the property covered by this Deed of Trust and all of the foregoing, together
<br />with said property (or the leasehold eslate Illhis Deed of Trust is on a leashold) are herein relerred to as the
<br />"Property":
<br />
<br />TO SECURE 10 LENDER (a) the repaymenl of Ihe Indebtedness evidenced by Borrower's nole dated _
<br />Auqust 13, 1988 (herein "Note"). In the principal sum of - - -Ten Thousand and _
<br />no/lOO - - - - - - - - - - - - - Dollars, with Inlerest thereon. providing lor monlhly Installments
<br />01 principal and interest, with the balance of the indebtedness, if not sooner paid, due and payable on _
<br />upon cancellation : the paymenl 01 ell other sums, with Interest thereon, advanced
<br />in accordanca herewith 10 protect the lHICurity 01 this Deed of Trust and the performance 01 the covenanls and
<br />agreements of Borro_ herein contained; and all renewals, extensions and modifications thereol; and (b) lhe
<br />repayment 01 any future advances. with interest In thereon, madeto Borrower by Lender pursuantto paragraph 21
<br />hBfeol (herein "Future Advances").
<br />BORROWER COvenants Ihat Borrower Is lawfully seized of the.41slata hereby conveyed and has the nghllo
<br />grant and convey Ihe Property, that the Property Is unencumbefed, and thaI Borrower will warrant and defend
<br />genorlllly \he lille to the Property againsl all claims and demands, subject 10 any declaralions. easements or
<br />restrictions listed in a schedule 01 exceptions to coverage In any tille Insurance polley inSUring lender's 'nterest
<br />In lhe Property.
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