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[Space Above This Une Far Recardinl Ciltal DEED OF TRUST 88-105965 THIS DEED OF TRUST ("Security Instrument") is made on OctobElr 31 ' 1988 ,Thetrustoris Gary L. 8enzel and Lonna J. 8enzel, each w h:LS and her own right, and as spouse of each other ("Borrower"), The trustee is Earl O. Ahlschwede ("Trustee"). The beneficiary is The Equitable Building and Loan Association ,which is organized and existing underthe laws of the State of Nebraska ,and whose address is 113-115 North Locust Street, Grand Island, Nebraska ("Lender"), Borrower owes Lender the principal sum of Nineteen Thousand One Hundred and no/l00 ----------- ____________________________ Dollars (U.S. $ 19 I 100.00 ). This debt is evidenced by Borrower's note dated the same date as this Security Instrument (UNoten), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on November 1, 2003 This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals. extensions and modifications; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (e) the performance of Borrower's covenants and agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee. in trust. with power of 58 Ie. the following described property located in Hall County. Nebraska, The Westerly Sixteen (16) Feet of Lot Two (2) and the Easterly Thirty (30) Feet of Lot Three (3), all in Fractional 810ck One Hundred Thirty Eight (138). in Union Pacific Railway Company's Second Addition to the City of Grand Island, Hall County, Nebraska, wbicb bas the address of 409 and 409!i West 9th, (Street] , Grand Island [CIty] Nebraska 68801 IZi!:! Code] ("Property Address"); TOGETHER WITH aU the improvements now or hereafter erected on the propeny. and all easements, rights, appurtenances. rents. royalties. mineral. oil and gas rights Bnd profits, water rights and stock and aU fixtures now or bcreaftera part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." BoRROWER COVENANTS that Borrower is lawfully sei5ed orthe estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered. except for encumbrances of record. Borrower warrants . and will defend generally the title to the Property against all claims and demands. subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines unifonn covenants for national use and non.uniform covC'nant" wilh limited variations by jurisdiction 10 constitute a unifonn security instrument covering real property. NEBRASKA-smale F am,I)'-FNIIA/FHLMC UNIFORM INSTRUMENT Form 3028 12/83 '"I_~,.... ,,01 ,Jilt.' ,t\.I!.H,~,'..I..'.."llll.l~, .~, ,.aoo..II:a~.'.~,..~.... '.10 '''''' ',.00 3'.-..0&3