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<br />THIS DEED OF TRlIST ("Security Instrument") is made on August 31, <br />lQ 88 Thetru~tori!t Troy 0.. Spencer and Pamela SoO Spencer, each in his and her own <br />and as spouse 0 f each other ("narrower") The trus.tee i~ Ear 1 DoO Ah 1 schwede <br />I"Tru~lee"), The beneficiary is <br />The Equitable Building and Loan Association1 . whil:his organized and cloisting <br />undcrthclaw~of the State of Nebraska .andwhosellddreSS1~ 113-115 North Locust <br />Street, Grand Island, Nebraska 68801 ("Lender"). <br />Borrowc:r owe.., Lender the pnnclpal ~um of Th i rty Two Thousand and no/IOO --------------------- <br />______________________ ____ -----onllar~ IV,S $ 32.000.00 I Thl~ deht is evidenccd by Borrower's note <br />da1C~d (he ~me dute as thl~ Secunly lno.trument ("NUIC"). whu.:h prLl\'ldc!I for monthly payments, with Ihe full debt, if not <br />paid earher, due and puyable on August I, 200B. <br />Thl!t Security In!otrument securc!llo lender la) the rcpuymcnt (If Ihe debt cVldenced by the Nolc. with interest, and all <br />renewals, e"le05mm and modllicatl{Jn!l.. (hllhe paymcnt or all lither ..urn... wllh mlcresl, advanced under paragraph 7 10 <br />protect the \ecuTlty nrthl\ SecuTlty Imtrumenl. and (c) the perfunnl.lm:c nr Borrnwer'~ covenanls and agreements. For this <br />purpoo.e. Borrower Irrevocably grant.. and com'cy.. In Trustee. 111 trust. wnh pnwer nrsalc. the r(Jllowing descnbed propert)' <br />located 10 Hall Counly, Nebraska: <br /> <br />\~ <br />right1 <br /> <br />Lot Six (6), Block Two (2), Colonial Estates Subdivision, in the City of Grand Island, <br />Hall County, Nebraska1 <br /> <br />which has. the address of <br /> <br />1120 North Hancock <br />ISlreel] <br /> <br />Grand lsland <br />rClt~ J <br /> <br />Nc:braska <br /> <br />&8803 <br />{r,g CoOeJ <br /> <br />r.Propcny Addres."). <br /> <br />TOGETHER Win. all 1he Imprm'cmcnt!i now or hereafter erected on lhe property. and all l"aM:ment~. TIghts. <br />Ippuncnanco. rents. royalries, mineral, oil and gas rights and profit~, wuler rights nod stock and all fi"'tur~ now or <br />hereafter a part oflhe property. All replacements and additions shall also be covered by Ihis Seeunl)' Instrumenl All of the <br />foregmnB i, referred to In this Security Instrument as the .'Property." <br /> <br />BoUOWER COVENANTS that Borrower is lawfUlly sci~ of the es1ate hereby com'eyed nnd hn~ the r1!!hl III !!nlnl <br />and con...C) the Property and that the Propcny is unencumbered, eAcept for encumbrances of n.'Cord_ UOrrO\Aier ",'lIrrnllt~ <br />.nd will defend Icnc:rall)' che: litle to the Property against all claims and demands. !lUbjecllo any encumbTlllln..... 1'1' rl"l,:llrd <br /> <br />TUI!t StnlRlTY IN51KUMPH cl'mbm~ uniform covenant, rm "allonal use and nlln,unlfnnll ,n\l'IHllIl\ ""h <br />limned 'II..r1&IIOO, hy junMllctlon to con!olltute a unlforn1 5ccunty m!olrument em'enng real JlTf)['I(rt~ <br /> <br />N[BRASKA-~.,... '.mol,~f""AIfH\.MC UNifORM INSTRUM[NT <br /> <br />'IJlm )0111 I J .'fI] <br /> <br />..,., "" ... ~. ,. ,.., '\1. r..,,, " ......' '., <br />,_...:!.-oe......__........... '.ao~".' <br /> <br />.' <br />