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CO) UJ ;,,:;' ~ ~ ~ ~ $' ggr \'.'..:...' -< 0 "ill-go', L r.: ~i~ ~ ~..:. (f> ~\ \ ~ ~ , ~E. w i ~[f (f> I-' a t.:; (f> i. f..'.'..' () r THIS DEED OF TRUST ("Security I)lstrument") is made on Novem):Jer le6atchh J.' n hJ.' s and her ~ I'.'.. 1988 . Thetrustoris Derrell W, ElkJ.ns and Gretchen L, ElkJ.ns, own right, end as spouse of each other("Borrower"), Thelrustee is Eerl D. Ahlschwede !' ("Trustee"). The beneficiary is The Equitable Building end Loan Associetion, . which is organized and existing under the laws 01 the State of Nebraska ,and whose address is 113-115 North Locust Street, Grend Islend, Nebraske 6BBOl ("Lender"). BorrowerowesLendertheprincipalsumol Fourteen Thousand Two Hundred end no/l00 ------------ _____________________________Dolla.. (V.S, $ 14,200,00 ), This debt is evidenced by Borrower's note dated Ihe same date as this Securily Inslrument ("Note"), which provides lor monlhly paymenls, with the lull debt, il not paid earlier. due and payable on December 1, 199B This Security Instrument secures to Lender: (a) Ihe repayment of the debt evidenced by the Note, with interest. and all renewals, extensions and modifications; (b) the payment 01 all olher sums, with interest. advanced under paragraph 7 10 protect the securily ofthis SecurilY Inslrument; and (c) Ihe performance 01 Borrower's covenants and agreements. For this purpose. Borrower irrevocably grants and conveys to Trustee, in trust, with power of sal.. the following described property located in Hell County. Nebraska: p .. -, .. ~'r 0:> co :z = -= ..... ~, t~ - ::ri 'Q = <:> u:a (J) => [Space Above This Une For Recording Dati] DEED OF TRUST ! . Lot Eleven (11), Block Twelve (12), Parkhill Third Subdivision, en Addition to the City of Grand Islend, Hall County, Nebraske, which has Iheaddress of 2524 West Phoenix Street [51_1 Grend Island (c:tyJ Nebraska ("Property Address"); 6?H.0&..1 TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights. appw1enanccs, rents. royalties. mineral, oil and gas rights and profits, water rights and slock and all fixtures now or hereafter a part olthe property. All replacements and additions shall also be covered by this Security Instrument. All 01 the loregoing is referred to in Ihis Security Instrument as the "Property." BoRROWEII COVENANTS that Borrower is lawfully seised of the estale hereby conveyed and has the right 10 grant . and convey the Property and that the Propeny is unencumbered. ex.cept for encumbrances of record. Borrower warrants and will defend generally the title to Ihe Property agaill5t all claims and demands, subject to any encumbrances 01 record. TlU5 SECURlTV INSTRUMENT combines unironn covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a unifonn !eCurity instrument covering real property. NEBRASKA-Sonlle r.m",~NIlIAIFHLIlC UNIFORII INSTIlUIIEHT TD ~ CnI Gl~A' IMrs (ll/!'".INlSli fUUMS I";( '~II.I!Ol..""" ......,"'lP"'-800-3.......3 Form ]028 121 B]