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<br /> <br />THIS DEED OF TRUST ("Security Instrument") is mode on November 1 0 <br />19 88,Tbetruoloris Jeffrey L. Mihm and Kirrberley K. Mihm, Husband and <br />Wife ("Borrower"). The truotee Is AREND R. BAACK, _m~ ("Trustee"). <br />The beneficiary is HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA, which is <br />orpnized IDd e:Dating under the laws 01 NEBRASKA. Ind whose addre.. I. 221 South LocuR, Gl'IIld IIland, Nabrulul <br />8IIlI01 ("Lender"l. <br />Borrower owes Lender tbe principal sum 01 Seven Thousand Six Hundred and no/1Do------------- <br />_________n______u_n____ Dollan(U.S. S 7 600 00 ). This debl isevidenced.by Borrower'. note <br />dated Ibe same dale as Ihis Security Inslrument ("Note"). whicli proviclcs lor monthly payments, with the lull debl, if not <br />paldcarlier. due and payable on May 22 1991 <br />Thl. SecurilY Inslrumcnt secur.. to Lender:' (a) the rcpaymenl 01 the dcbl evidenced by the Note, with interest, and all <br />renewals, Clltcnslons and modiftcatioDs; (b) the payment of all other sum.. wilh interest, advanced under paragraph 7 to <br />prolecllhnec:urity ohhis SecurilY Inslrumcnl; and (0) the pcrfonnancc ofBorrowcr's covcnanla and agrcemcnla. For tbls <br />purpose, Borrower irrevocably grants and convey. to Trustee, in lrusl, with power of sale, the following described properly <br /> <br />loca1ed In Hall County. Nebraska: <br /> <br />~ <br />~ <br /> <br />The Easterly Thirty five and Two Tenths (E35.2) feet of Lot Nine (9) in 810ck <br />Twenty Six (26) in Russel Wheeler's Addition to the City of Grand Island, Hall <br />County, Nebraska. <br /> <br />which Iw the addn:aaof <br /> <br />208 West 10th Street <br />(S~] <br /> <br />Grand Island <br />ICily] <br /> <br />Nobraka 68801 ("Properly Adclrcss"); <br />IllO Ccdo) <br />.. TOOETHEll WtTH all the improvements now or bcreaftcr crcctcd on Ihe property, and aU cascments, rights, <br />appurIetWIccS, rents, royalties, mbicral, oil and gas righla and profits, water righla and sloek and all fixtu.... now or <br />.hcreeftcr I put oflhllpropcrty. All replIccments and additions shall also be covcn:d by this Securily InslrumenL All oltbe <br />forqolDa ia rd'en'cd to in this SecurilY IDI1nIDtCIItlS the ''Propcr1y.'' <br />BoUOWEII CoVENANTS that .Borrowcr ia lawfully sciacd 01 the eslate beteby conveyed and has the righlto grant <br />_amftJ the Propcr1y &ad that the Propcr1y is 1IIICIIClUIIbcred, except lor encumbrances of record, Borrower warranla <br />&ad will dcfCDd scncralIY the title to the Properly apinst all cWma and demands, subjec:lto any encumbrances 01 record. <br />TH15 SECURITY INSTIlUMENr combines unifonn covcnanla lor D8lional use and non-unilonn covenants with <br />limited variations by jurisdic1iOD to comtitutu uniform _urity instrumenl covcri... real propcny. <br /> <br />~~'-". <br />"_tl'l <br /> <br />form 3021 U/U <br />.....JU <;,~ ,j <br /> <br />~ f_ly-IllMA/_ _ IlIInn.-IIT <br />