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88- 106042 (SpICII Above Thl.. Une For Recordlna Dlta] DEED OF TRUST THIS DEED OF TRUST ("Security Instrument") is made on November 7 19 88, The trustor is Carl P. Bowman and Karen K. Bowman, husband and wife ("Borrower"), The trustee is Norwest Bank Nebraska, National Association Norwest Bank Nebraska, National Association underlhe laws of The United States of America ,and whose address is 202 West Third Street, Grand Island, Nebraska 68801 ("Lender"). Borrowcrowcs Lender the principal sum of Seventy-five Thousand and no/1ooths--------------- ------------------------oollars (U,S. S 75,000.00 ). This debt is evidenced by Borrower's note dated the same date as this Security Inslrumcot ("Note"), which providcs for monthly payments, with the full debt, if nnt paidcarlicr, due and payable on December I, 2018. This Security Instrument securcs to Lender: (a) the repayment of the debt evidenced hy the Note, with intercst, 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 (c) the performance of Borrower's covenants and agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in HALL County, Nebraska: ("Trustee"), The beneficiary is I which is organized and existing Lot Five (5), Colonial Estates Fifth Subdivision, in the City of Grand Island, Hall County, Nebraska. Nebraska 68803 (Zip Code] 3207 Kennedy Way [Street] ("Property Addrcss"); Grand Island (City] which has the address of TOGETHER WITH all the improvements now or hereafter erected on the propeny, and all easements, rights. appurtenances. rents. royalties. mineral, oil and gas rights and profits, water rights and stock and all fixtures now or hereafter a 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. n BoRROWER COVENANTS that Borrower is lawfully seised of the cstate hereby conveyed and has the right 10 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 10 any cncumbranccs of record. THIS SECURITY INSTRUMENT combines unifonn covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrumenl covering real properly. NEBRASKA-Smale 'am"y-fNMAlfHLMC UNifORM INSTRUMENT NIS 1164NE form 3028 J2/83 FI"atIClal u. f'otm."g'ami "'5