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<br />(Space A.bo,e This Une For Recon:llnc Dill)
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<br />
<br />DEED OF TRUST
<br />
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<br />
<br />THIS DEED OF TRUST ("Security Instrument") is mnde on October 12
<br />1988 , The trustor is Steven M, Mason and Cynthie J, Mason, each in his and her own right,
<br />and as spouse of each other, ("Borrower"), The trustee is Earl 0, Ahlschwede
<br />("Trustee"), The beneficiary is
<br />The Equitable 8uilding and Loan Association ,which is organized .nd existing
<br />under the I.ws or the State of Nebraska . .nd whose address is 113-115 North Locust
<br />Street, Grand Island, Nebraska 68801 ("Lender"),
<br />Borrower owes Lender the princip.1 sum ur Twenty Three Thousand Two Hundred and no/l00 -------
<br />_____________________________.1)011." (V,S, $ 23,200.00 ), This debt is evidenced by Borrower's note
<br />dated the same dale I1S this Security Instrument '''Notc''), which provides for monthly payments, with the full debt, if not
<br />paid earlier. due and payable on November 1, 2008
<br />This Security Instrument secures to Lender: (n) the repayment of the d~bl evidenced by the Note, with interest. and aU
<br />renewals, extensions and modifications; (b) the payment of alt other su.ms, with interest. advanced under paragraph 7 to
<br />protect the security of this Security Instrument: and (c) the performance 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 Counly, Nebraska:
<br />
<br />Lot Ten (10), in Block Six (6), in Hann's Third Addition to the City of Grand Island,
<br />Hall County, Nebraska,
<br />
<br />which has ,he address of 313 South Pine Street
<br />[StFNtl
<br />
<br />. Grand Island,
<br />(ClIVI
<br />
<br />Nchraska
<br />
<br />68801
<br />tz,p CoOeJ
<br />
<br />("Property Address");
<br />
<br />TOOETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights.
<br />appurtenances, rents. toyahies, mineral, oil Bnd gas rights and profits, water rights and stock and all fixtures now or
<br />hereafter a pan of the property. All replact'menls and additions shall also be covered by this Secunty Instrument. All of the
<br />foregoing is merced 10 in this Security Instrument as the "Property."
<br />
<br />BoRROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed llnd has tile nght to 8mnt
<br />and convey the Property and that the Property is unencumbered. except for encumbrances of record. Borrower wllrranl!lo
<br />IInd ...iIl dc!end generally the tille 10 Ihe Property against all claims and demands, subJecl 10 Itn)' encumbrana:~ of record
<br />
<br />TillS SECURIn ISSTRl:MHn combines umfoJTl1 covcoan15 for notional U!l.~ and non.umfoml .:m.em1l1b "'ilh
<br />limned vana.ions b)' Jun5o(hctlon to comtllule a unifonn security instrument .:tnenng real property
<br />
<br />NEBRASKA-'3''''cl. F .m,I,-.fNUA/FHlMC UHlrORM INSTRUMENT
<br />
<br />'orm J028 12/8.1
<br />
<br />.eoo..~OI'DII..~."". .... .... '800,J~.~.4.3
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