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(Space Above This Un. For Reeardlnc Data) 88- 104989 DEED OF TRUST 1988 THIS DEED OF TRVST ("Security Instrument") is made on September 9, . Thetrustoris Fox-Stalker Investments, A Partnership ("Borrower"). The trustee is Earl D. Ahlschwede ("Trustee"). The beneficiary is The Equitable Building and Loan Associat ion ,which is organized and existing undertJielaws of the State of Nebraska ,and whose address is 113-115 North Locust Street, Grand Island, ~ebraska 68801 ("Lender"), Borrower owes Lender thepnnclpal sum of Thirty Four Thousand Five Hundred and 00/100---------- _________________________Dollars (V.S, S 34 500.00 ). This debt is evidenced by Borrower's note dated the same date as this Security Instrument (UNoten), which provides for monthly payments, with the full debt. if not paid earlier, due and payable on October 1, 2003 This Security 1nstrumenl secures to lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the perfonnancc of Borrower's covenants and agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property localed in Hall County, Nebraska: Lot Thirty One (31), and the South 12.56 Feet of Lot Thirty (30), of Lafayette Park Subdivision to the City of Grand Island. Hall County, Nebraska. whichhaslbeaddressof 823 North Orleans Drive [Street] Grand Island ICltyl Nebraska 68801 IZi. Code] ("Property Address"); TOGETHER WITH all the improvements now or hereaner erected on the property, and a:! easements, rights, appurt~ rents. royalties. mineral, oil and gas rights and profits. water rights and stock and all :!~tures now or bereafter a part orlbe property. All replacements and additions shall also be covered by this Security Instrumem, ,"II of the foregoing is rererrallo in Ibis Security Instrument as Ihe "Property," IIoRROWER CoVENANTS thaI Borrower is lawfully seised of the estate hereby conveyed and has the righl to grant and convey tbe Property and that the Property is unencumbered. except for encumbrances of record. Borrower warrants and will dd'end generally the title 10 the Property Bgainsl all claims and demands. subjcct to any encumbrances of record. THIS SECURITY INSTRUMENT combines unifoml covenants for nlltional use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering rea! property NEBRASKA-5inli" F.mily-FNMAlFHlUC UNIFORM INSTRUMENT h,m 3028 12113 "....... 1l~1~ I" '''.'''. [,AI [.fa A' ,^"lh lll!~d!>!; FUU".'lli LNL "....na.OIIft'......-,. ......'V"" ".IlOO-::11'......31 .J