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<br />88- 105725
<br />
<br />DEED OF TRUST
<br />
<br />THIS DEED OF TRUST is made this 25th day of October
<br />l1?e~dam.'l!Jll ~~'11{flt'1ffG~~~v~rs~~;ard & ~;ni L. H~ward. husband & wife as ioint
<br />ana HQt &S tsaaata La slllllllBa. (hareln Borrower'), Flrsller Bank, National Assl!ci(!Jion,
<br />Omaha. Nebraska, (herein "Trustee"). and Baneflclary, Flrsller Bank, National Association. Omaha. Nebraska, a
<br />corporation organized and existing under the laws of The United Slates of America, whose address Is 1700
<br />Farnam Stree~ Omaha, Nebraska, 68102-2183 (herein "Lender"),
<br />
<br />BORROWER, In consideration of the Indabtedness herein recited and the trust herein created, Irrevocably
<br />grants end conveys to Trustee, In trust, with power of sale, the rollowing described property located In the County
<br />of HALL , Slate of Nebraska:
<br />
<br />
<br />Lot Two (2), in Block Two (2), in Brentwood Second
<br />Subdivision to the City of Grand Island, Hall
<br />County, Nebraska.
<br />
<br />(Subject to Mortgage of Record to The Equitable
<br />Building and Loan Association of Grand Island, NE
<br />in the amount of $67,000..00 filed as Document
<br />#86-l0460a in Hall County, Nebraska..
<br />
<br />which has lhe address or 3015 Sothman Dr! ve Grand Island
<br />tSlreell ICIIyI
<br />~=~:'~ 68801 (herein "Property Address");
<br />
<br />TOGETHER with altthe Improvements now or hereafter erected on the property, and alt eesemenla. rights,
<br />appurtenances. rents (subject however to the rights end authorities given herein to lender to collect and apply
<br />such rents), royelties, mlnerel, olt and gas rights and profits, water, water rights, and water stock, and alllixtures
<br />now or hereafter allached to the property, all of which. Including replacements and additions thereto, shalt be
<br />deemed to be and remain a pert of the property covered by this Deed of Trust and all of the foregoing. together
<br />with said property (or the leasehold estate If this Deed of Trust is on a leashold) are herein referred to as the
<br />"Property";
<br />
<br />TO SECURE 10 LENDER (a) the repayment of the Indebtedness evidenced by Borrower's note dated _
<br />October 25. 1988 (herein "Note"), in the principal sum of TWenty thousand and no/lOO--
<br />---... ($20.000.00 )--------- Dollars, with Interest thereon, providing for monthly Inslallments
<br />of principe! and Inllliell, with the balance of the Indebledness, If not sooner paid, due and payable on _
<br />upon. canC<llliltion ; tha payment 01 all other sums, with Interest thereon, advanced
<br />In accordance herawlth 10 protect the security 01 this Deed 01 Trust, and the performance 01 the covenanls and
<br />'egreementa of Borrower herein conlalned; and all renawals, extensions and modlllcatlons thareot, and (b) the
<br />repayment olanyfuture advances. with InteresUn thereon. made to Borrower by Lendar pursuanllo psragreph 21
<br />hereol (herein "Future Advances").
<br />BORROWER eovenants thai Borrower Is lawfully seized of the estate hereby conveyed and ""II V1tl ~!llhtto
<br />IIrant and convey the Propel1y, thai the Property Is uneneumbsred, snd thSI Borrower will warrant and defend
<br />generally the title '0 the Property agBinsl all claims and demands, subject to any declarations, easements or
<br />restrictlon.lllled in a schedule Qf exceptions 10 coverage in any title insurance policy Insuring Lender's Interost
<br />in the Property.
<br />
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