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<br />DEED OF TRUST
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<br />THIS DEED OF TRUST ("Security lnltrument") il made on August 15
<br />19 88.Thetrultoril Greg D. Mehring and Marla R. Mehring, Husband and Wife
<br />'''Borrower'''. The trultee is AREND R. BAACK. _mey ("Truatee").
<br />The beneficiary is HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA, which i.
<br />orpnized and exilt,ng under the law. nl NEBRASKA, and whOle addr... ia 221 South Lacuat, Gnond Ialand, Nebraaa
<br />1IIlIlI1 ("Lender"l.
<br />Borrower owes Lender Ihe principal sum of F our Thousand 5even Hundred Twenty Six and no/100---
<br />__uu_____________________ Dollan(U.S. 54,726.00 ). Thisdebl is evidenced by Borrower'snole
<br />dated Ibe same date 81 Ibis Securily (nslrument ("Nole"), whicb provides for monlb!y payments, witb Ihe full debt, if nol
<br />paid earlier, due and payable on F ebrua ry 1 9, 1989
<br />This Securily lnslrumenl secures 10 Lender: (a) Ihe repaymenl of Ihe debt evidenced by the NOle, wilh inlerest, and all
<br />renewals. eXletllions and modiftcalions; (b) Ihe paymenl of all other sums, wilb in teresi, advanced under paragnoph 7 to
<br />prolecttbe securilY ofthil Security (1IIIrumenl; and (c) the performance of Borrower's covenants and agreements. For Ihis
<br />purpose, Borrower irrevocably granl' and convey. 10 Truslee, in trust, with power of sale. the following described propeny
<br />
<br />located in Hall Counly, Nebraska:
<br />
<br />Lot Two (2) in 5andy 8each Subdivision, Hall County, Nebraska.
<br />
<br />wbichhulbuddn:uof 2119 East Stolley Park Road
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<br />Grand Island,
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<br />NebruU
<br />
<br />('"Propeny Addn:u"),
<br />
<br />68801
<br />1Zll> Codol
<br />
<br />TOGETHER WI11I all the improvements now or hereafter erected on Ihe property, and all easemenls. riahu,
<br />appurIeIIancea, renlS, royaltiel, mineraJ, 011 and au righll and proftll, water riahts and stock and all ftXlures now or
<br />beraftcra put of the property. AU rep1acemenll and addilioDl&haJ1 also be covered by this Securily lnllrumenl. All ofthe
<br />foreaoin. is referred 10 in Ihis Securily IDllrumenlaslbe "Property."
<br />
<br />BoIUlOWEll CoVENANT5lbatllonower i.lawfully oeiJod of the estale hereby conveyed and ha, the nahllO aranl
<br />and _YO)' the Propeny and tballhe Property i. unencumbered, except for encumbrances of record, Borrower warranlS
<br />and will defend pttetaIly Ihe tille 10 lbe Property &pinsl all claims and demands. subjeclto any encumbrances of record.
<br />
<br />THIs SECUKITY INSTJIUMENT combines uniform covenanU for O8liooal use and non-uniform covenanl' wilh
<br />limited varialiOlll by jurildiclioo 10 cOllllitule a unifonn leCurily iDltrument cnverinJ ...1 prnpeny,
<br />
<br />NllRASlla 5..... r~lfllulc __ IIItTIlUIIlMT
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<br />form ]028 12/1]
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