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<br />DEED OF TRUST
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<br />
<br />THIS DEED OF TRUST ("Sccurily In,[rument") is made on August 19,
<br />1988 . The trustor is James C. Heck and Dorothy E. Heck, each in his and her own right,
<br />and as spouse of each other, ("Borrower"), Thetru'leeis Earl D. Ahlschwede,
<br />("Tru'tec"), The beneficiary is
<br />The Equitable Building and Loan Association, Grand Island, Ne:whichisorganizedandexisting
<br />underthe laws of The State of Nebraska ,and who,c addres, i, I 13-115 North Locust
<br />Street, Grand Island, Nebraska, 68801 ("Lender").
<br />Borrower owe, Lender the principal sum of Forty Seven Thous and Nine Hundred and no /I 00 -------
<br />------------------------------Dollars (U.S, $ 47,900.00 ), This dcbt is evidenced by Borrower', nOlc
<br />dated the same date as thi, Security Instrument ("Note"), which provides for monthly payment,. with Ihe full debt, ifnot
<br />paid earlier. due and payable on September I, 2008
<br />This SecurilY InstrUmeR\-,ecures to Lender: (a) Ihe repayment of the dcbt evidcnced by I he Notc, with intere't, and all
<br />renewals. extensions and modifications; (b) the payment of all other sums, with interest, advanced under paragraph 7 to
<br />prolectlhe security of litis Securily Inslrument; and (c) the performance of Borrower's covenant' and agreements. For this
<br />purpose, Borrower irrevocably grants and conveys to Trustee. in trust. with power of sale. the following described property
<br />
<br />located in Hall Counly, Nebraska:
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<br />Lot Ten (10), Block Five (5), Schimmer's Addition to the City of Grand Island, Hall
<br />County, Nebraska,
<br />
<br />68801
<br />{lip ComI}
<br />
<br />TOGETHER WITH alllhe improvements now or hereafter creclcd on the propcrly, and all ea,emcn[" rights,
<br />appurtenances, rents, royalties, mineral, oil and gas rights and profits. warer rights and srock and all fixtures now or
<br />hereafter a pan of the properly. All replaccmcnt' and addition, shall al,o be covered by Ihi, Sccurity Instrument. All oflhe
<br />foregoing i, referred 10 in this Securily Instrument as Ihe "Properly."
<br />
<br />BoRROWER COVENANTSlhal Borrower is lawfully ,eised of Ihe eslale hereby convcyed and ha, the right 10 grant
<br />.and convey the Proper1y and Ihat the Property is unencumbered. excepr for encumbrances of record. Borrower warrants
<br />and will defend gencrally Ihe 1;lleto Ihe Properly again't all claim' and demand" ,ubject 10 any encumbrances of record,
<br />
<br />which has the address nf
<br />
<br />1204 North Cleburn
<br />[Street}
<br />
<br />Grand Island
<br />ICilY]
<br />
<br />Nebraska
<br />
<br />("ProperlY Address");
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<br />THIS SECURITY INSTRUMEt>o"T combines unifonn covenanls for nutl0l1ll1 u!'.c and non.uniform covennnts wlth
<br />limired variations by jurisdiction ro constitute a unifonn security instrument cO\'cnng real proper! y
<br />
<br />NEBRASKA-So"gl. r.moly-fNMMFHLMC UNIfORM INSTRUMENT
<br />
<br />Form ]028 12/63
<br />
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