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BB- 106069 (Space Above Thll Une Far Recording D..II] DEED OF TRUST THIS DEED OF TRUST ("Security Instrument") is made on November 10, 19 BB . The trustor is Gary E. Valasek and Mary G. Valasek, each in his and her own right, and as spouse of each other, ("Borrower"). The trustee is Earl D. Ahlschw'lde... .. ("Trustee 1. The beneficiary 15 The Equitable Building and Loan Association ,which is organized and existing under the laws of the Stata of Nebraska ' ,and whose address is 113-115 North Locust Street, Grand Island, Nebraska 6B801. ("Lender"). Borrower owes Lenderthe principal sum of Fifteen Thousand and nO{100 _n__n__nn_n___n____ _____n__________________n_J)ollsrs (U.S, $ 15,000. Op . This debt is evidenc~d by Borrower'~ note dsted the same date as this Security Instrument ("Note"), whIch provIdes for monthly payments, with the full debt, If not paid earlier, due and payable on December 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 nnd 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: Lot Three (3), in Block Threa (3), Boggs and Hill's Addition, an Addition to the City of Grand Island, Hall County, Nebraska, whieh has the address of 2013 West 13th Street (S1reet] Grand Island ICity) Nebraska 6BB03 [Zil) Code) TOGETHER WITH all the improvements now or hereafter erected on the property. and all easements, rights, Bppunenances, rentst royalties, mineral, oil and gas rights and profits. water rights and stock and all fixtures now or hereafter a part ofthe property. All replacements and additions shall also be covered by this Security Instrument. All ofthe foregoing i. referred to in this Security Instrument as the "Property," BORROWER COVENANTS Ihat Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property Bnd that the Property is unencumbered. except for encumbrances of record. Borrower warrants and will defend generally the thle to the Property against all claims and demands. subject to any encumbrances of record. THtS SECURITY INSTRUMENT combines uniform covenants for national use Ilnd non.uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real propeny. ("Property Addre.s"); NEBRASKA-Single ram;ly-FNMA/FHLMC UNIFORM INSTRUMENT form 3028 12183 H,... ,,... (,.. l.rIl" 1 I A~ I ~i rll.I~,iN' ~;~; 'UI1Mf, INl.: ,.aoo..8I1::1..oaDell..\.."",. '.l.IV.\ 1..00.3'....4::1