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88- 105105 (Space Above Thl. Une For Recordlnl Ollll.) DEED OF TRUST THIS DEED Of TRUST ("Security Instrument") is mede an September 21, 19 BB . The trustor is Lloyd R. Razey, Jr. ~nd Lorna R. Razey, each in his and her own right, and as spouse of each other ("Borrower"). The trustee is Earl O. Ahlsclll~ede ("Trustee"). The beneficiary is The Equitable Building and Loan Association . which is orsanized and existiag under the laws of the State of Nebraska ,and whose address is 113-115 North Locust Street, Grand Island, Nebraska 6BBOl ("Lender"). Borrower owes Lenderthe principal sum of Seventeen Thousand and no/l00 ______n_______________ __________________________'Ool1ars (U.S. $ 17,000. DO ). This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments. with the full debt, if not paid earlier, due and payable on October 1, 200B This Security Instrument secures to Lender: (8) the repayment of the debt evidenced by the Note, with interest. and all renewals, extensions and modifications; (b) the payment of an other sums, with interest. advanced under paragraph 7 to protect the security of this Security Instrument; and (e) the performance 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 located in Hall County, Nebraska: The South Half (S~) of Lot Three (3) and all of Lot Five (5), in Block Twenty-Three (23), in Scarff's Addition to West Lawn, in the City of Grand Island, Hall County, Nebraska, which has the address of 220B West 16th, [Street} Grand Island [City] Nebraska 6BB03 [Zip Codel ("Properly Address"); L TOGETHER WITH al1 the improvements now or hereafter erected on the property, and all easements. rights. appurtenances, rents, royalties, mineral, oil and gas rights and profits. water rights Bnd stock and all fixtures now or hereallu a part oflhe properlY. All replacements and additions shall also be covered by lhis Security Instrument. All or the foregoing is referred to in this Security Instrument as the lIProperty." BoRROWER COVENANTS that Borrower is lawrully seised of the estate hereby conveyed and has the right to grant and convey the Propcrty and that the Propcrty is unencumbered, except for encumbrances of record. Borrower warrants . and will defend generally the title to the Propcrty Bgainst all claims and demands. subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines unifonn covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. NEBRASKA-S'na1e hm,\,--fNIIAIFHLMC UNIFORM INSTRUIIENr Form 3028 12183 TIlFlaorucf eo.. GR[AI IMH;ou~:M,;~'URM!i 'I\iL 1~5:1~r.w........ .....:I"lJN. 1..eoo-:aSI..la.3 ..j