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<br />~~ DEED OF TRUST
<br />~~)
<br />
<br />~~ (' THIS DEED OF TRUST ("Security Instrument") is msde on September 16
<br />,,~ ~,19 88 . The trustor is Stanley L. Peterson and Jeanette E, Peterson, hsuband and ",ife
<br />~" t '''Borrower''l. The trustee is AREND R, BAACK, lI1Iomey ("Trustee").
<br />'~ The beneficiary is HOME FEDERAL SAYINGS AND LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA, which is
<br />organized and existing under the laws of NEBRASKA, and whOlle sddre.. is 221 South Loeult, Grend '1llnd, Nebrew
<br />, 88801 ("Lender").
<br />,( Borrower ow.. Lender theprindpal sum of Five Thousand Sevp,ty and 75/00 ____u____n________
<br />~" _uu_________________n____ DoIlar.i(U.S.S 5,070.75 ). Thisdebl is cvidenced by Borrower's note
<br />~ dated the same dale as this Security Instrument ("Note"), which provides for monthly payments, with Ihe full debt, if nol
<br />'ll'ti paid earlier, due and payable on September 25, 1 991 , , '
<br />'" This Security Instrument secures 10 Lender: (a) the repayment of the debt eVIdenced by Ihe Note, wllh IDlerost, and all
<br />:\, renewals, cxlCllSlons and modifications; (b) the paymenl of all other sums, with ioterest, advanced under paragraph 7 to
<br />'\'. prolecl the security of this Security Instrument; and (c) the performance of Borrower's covenants and ogrccments. For Ihis
<br />"- purpo<o, Borrower irt'l!vocably grants and conveys to Trustee, in lrust, with power of sale, Ihe following described propcny
<br />
<br />~ localed in Hall County, Nebraska:
<br />
<br />~C7
<br />~
<br />
<br />PART OF THE SOUTHEAST QUARTER OF THE NORTHEAST QUARTER (sEk NEk) OF SECTION ThiENTY- THREE
<br />(23), TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10), WEST OF THE 6TH P.M., MORE PARTICULARLY
<br />DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEAST CORNER OF THE SOUTHEAST QUARTER OF
<br />THE NORTHEAST QUARTER (sEk NEk) OF SECTION ThiENTY-THREE (23), TOWNSHIP ELEVEN (11) NORTH,
<br />RANGE TEN (10) WEST OF THE 6TH P.M., THENCE RUNNING NORTHERLY ON THE EASTERLY LINE OF
<br />THE SOUTHEAST QUARTER OF THE NORTHEAST QUARTER (SE!; NEi;) A DISTANCE OF FIVE HUNDRED ThiENTY
<br />EIGHT FEET (528') THENCE RUNNING WESTERLY AND PARALLEL TO THE SOUTHERLY LINE OF SAID
<br />SOUTHEAST QUARTER OF THE NORTHEAST QUARTER (SEk NEk) A DISTANCE OF ONE THOUSAND THREE
<br />HUNDRED SEVENTEEN AND FIVE HUNDREDTHS (1317. OS) FEET TO A PDINT ON THE WESTERLY LINE
<br />OF SAID SOUTHEAST QUARTER OF THE NORTHEAST QUARTER (sEk NEk) THENCE RUNNING SOUTHERLY
<br />ALONG AND UPON THE WESTERLY LINE OF SAID SOUTHEAST QUARTER OF NORTHEAST QUARTER (SEI;
<br />NE!;) A DISTANCE OF FIVE HUNDRED ThiENTY EIGHT (S28') FEET; THENCE RUNNING EASTERLY ALONG
<br />AND UPON THE SOUTHERLY LINE OF SAID SOUTHEAST QUARTER OF THE NORTHEAST QUARTER (SEi; NE!;)
<br />A DISTANCE OF ONE THOUSAND THREE HUNDRED SEVENTEEN AND Thio TENTHS (1317.2) FEET TO THE
<br />POINT OF BEGINNING.
<br />
<br />which hu the address of
<br />
<br />940 S. North Road
<br />[-I
<br />
<br />("Property Address");
<br />
<br />Grand Island
<br />leity]
<br />
<br />Ncbrub BBB01
<br />
<br />lZO> C<<aJ
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<br />TOGETHER Wrm all the improvements now or hr:rcefter erected on the propeny, and all casemenls, rights,
<br />~ncnmccs, rents, royalties, mineral, oil and gas rlabts and profits, water rights and stock and all fixtures now or
<br />bcrcaftcra pan of the propcny. Alllql1accmenlSand additions shall also be covered by lhi, SecurilY Instrumenl, All oflhe
<br />forqoiDg is referred 10 in this Security Instrument as tbe "Propcny."
<br />
<br />BoRllOWER COVENANTS that Borrower is lawfully sciJcd of tbe eslate hereby conveyed and has the righl to grant
<br />, and amvey the Property and that the Property is uoencumbercd, eJICCIIt for encumbrances of record. Borrower warrants
<br />and will dd'aul p:ncralJy Ibe tille 10 the Property apinst all claims and demands, ,ubjecllo any encumbrances of record,
<br />
<br />THIs SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenanLs with
<br />limited variations by jurisdiction to constitute. unllonn security instrument covering real propeny.
<br />
<br />l
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<br />NEBRASKA-Slnp Fomllr--fltIM'FHLIIC UNIfORM IIl\ITIlUIIEHT
<br />
<br />FU\aIldal U. Fonn.-
<br />Forwntl1l1
<br />
<br />Form 3028 12/13
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