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<br />DEED OF TRUST
<br />
<br />THIS DEED OF TRUST ("Security Instrument") is mode on September 2B,
<br />198B . The trustor is Gregory A. Melsen and Billie J. Melsen, each in his and her own
<br />right and as spouse of each otherf ("Borrower"). The trustee is Earl O. Ahlschwede
<br />and Donna R. Guyette, an unmarried person, ("Trustee"). The beneficiary is
<br />The Equitable Building and Loan Association . which is organized and existing
<br />underthe laws or Nebraska . and whose address is 113-115 North Locust,
<br />Grand Island, Nebraska ("Lender").
<br />Borrower owes Lenderthe principal sum of Forty Three Thousand Six Hundred and 00/00------------
<br />_____________________________ Dollars (U.S. $ 43,600.00 ). This debt is evidenced hy Borrower's note
<br />dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not
<br />poid earlier. due and payable on October 1, 201B
<br />This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all
<br />renewals, extensions and modifications: (b) the payment of all other sums, with interest, advanced under paragraph 7 to
<br />protect the security of this Security Instrumentj and (c) the perfonnance of Borrower's covenants and agreements. For this
<br />purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale. the following described property
<br />
<br />located in HALL County. Nebrosko:
<br />
<br />Lot Two (2), in Block Four (4), in Bel Air Addition to the
<br />City of Grand Island, Hall County, Nebraska.
<br />
<br />which has the sddress of 1711 Hanover Lane
<br />(Strl!elj
<br />
<br />. Grand Island
<br />[Cllyl
<br />
<br />Nebraska
<br />
<br />6BB03
<br />(Zip Code]
<br />
<br />("Property Address");
<br />
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, Bnd all easements. rights,
<br />appurtenances., rents, royalties. mineral. oil and gas rights and profits. water rights and stock and all fiXlures now or
<br />hereafter a part of the property. All rcplacc:mc:nts and additions shall also be covered by this Seeurily Instrument. All of the
<br />foregoing is referred to in this Security Instrument as the '"Property."
<br />
<br />BoRROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right 10 grunl
<br />~d convey the Property and that the Property is unencumbered. except for encumbrances of record. Borrower warrnl11s
<br />and will defend generally the title to the Property against all claims and demands, subjecl to uny encumbrallce.o; of record.
<br />
<br />THIS SECURIIT INSTRUMENT combines uniform covenants for national use llmJ non,ul1Irnrm l'm'ellllllt~ wilh
<br />tiroilcd variations by jurisdiction to conslilute a uniform securily inslfumenl covering real propert).
<br />
<br />NEBRASKA-Slnlle FlImll~-FHM"/fHLMC UNifORM INSTRUMENT
<br />
<br />fo''" ]028 12/83
<br />
<br />'.1......,.. ,.IN l~"," ,t.!', 'I, "".1',' "Ilo'l',t'. ,.,[
<br />1.8OCJ...31.01Ol............, "," ''"I'. , 100.311 aM"
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