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<br />88- 105734 <br /> <br />[SpKe AItov. 1hiI Line For RKardlIII DnI) <br /> <br />DEED OF TRUST <br />CONSTRUCTION SECURITY AGREEMENT <br /> <br />THIS DEED OF TRUST ("Security IDatrumeDt") is made aD October 20. <br />1988 .Thatrustoris DALE L. SKOW AND SHIRLEY M. SKOW, husband and wife <br />("Borrower"). The trustee is AREND R. BAACK, attorney ("Trustee"). <br />The heDe8tiary is HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA, which is <br />orpnized and existing under the laws of NEBRASKA, and whO!le addreu is 221 South Locu.., Gl'lnd 11.lnd, Neb..._ <br />81801 '''LeDder''). <br />BorrowerowesLeDderthepriDcipahumof SIXTY FIVE THOUSAND AND NO/100-----------__________ <br />---------------------------- Dolhus{U.S. $ 65,000.00 ). TIlisdebt is evidenced by Borrow....BRote <br />dated Ibe same dale as this Security Instrument ("Note"), which provides for monthly payments, with the full deht. ifnot <br />paid .....Ii..., due and payable on March 1, 1997 <br />This Security Instrument secures 10 Lenller: (a) Ihe repayment of the debt evidenced by the Note, with interest, and all <br />renewals, extensions and modifications; (b) the payment of all other sums, wilh interest, advanced under paragraph 7 to <br />protecllhe security of this Security Instrumen~ and (c) Ihe perfonnance of Borrower's covenants and agreements. For this <br />purpose, Borrower irrevocably grants and conveys 10 TruJlee, in trust, with power of sale, the followina described property <br />localed in HALL County, Nebraska: <br /> <br />LOT ONE, KIRKPATRICK SUBDIVISION, TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. <br /> <br />and <br /> <br />THE SOUTH 34.25 FEET OF LOT FIVE (5) AND ALL OF LOT SEVEN (7) AND THE NROTH 9 FEET OF <br />LOT NINE (9) IN BLOCK SEVEN (7), UNIVERSITY PLACE SUBDIVISION, HALL COUNTY. NEBRASKA. <br /> <br />which bu the address of <br /> <br />1405 S. Eddy and 2320 N. Howard <br />IS_] <br />("Property Address"); <br /> <br />Grand I s1and <br />[Clly] <br /> <br />Nebruka <br /> <br />8880l <br />[lip Cado] <br />TOGETHEIl WITH all the improvements now or hereafter erected on the property, and all easements, riahts, <br />appurtenances, rents, royalties, mineral, oil and pi riab" and profits, Wlter riabts and OIock and all fixtures now or <br />hereafter I pan of the property. All rep1acemenli and additions shaI1 also be covered by Ihis Security Instrument. All ofthe <br />forqoinJis referred toin IhisSecurilY Instrument as Ihe"Property." <br />BoRROWEIl CoVEl'lAms that &rrower is lawfully seised of the estate hereby conveyed and has the right 10 grant <br />and COllI'S) \be Property and that the Property is unencumbered, except for encumbrances or record. Borrower warrants <br />and will def'end renerally the litle 10 the Pl'Operty apinsl all claims and demands, subject to any encumbrances of record. <br />THIS SECURITY INSTRUMENT combines unifonn c:oYenantl for national use and non-uniform COYenanls with <br />limited variations by jurisdiction to constitute. unironn security inslrument covering real propeny. <br /> <br />NElRAIIlA-_ ''''r-INIIA/",LMC UNIfIIIlIII INSTIlIIIlINT <br /> <br />'........~..-... <br />'_"1 <br /> <br />Form 3021 U/1I3 <br />, \ <br />