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<br />F <br /> <br />I <br /> <br />[SpiKe Aitowe Thi$ Une For Recardinl O.t;l) <br /> <br />. <br /> <br /> <br />;'f ~ <br /> <br />=' \~ <br />~ ~ <br />t <br /> <br />..... <br />= <br /> <br />gii:zg;>E;><W r <br />;~ i~ 7 t <br />~~~~:;~' <br />r> l O)f <br />Ct:I c.n3' <br />__ ": -' i <br />~ N2J <br />~ <br />0. <br />1 <br /> <br />DEED OF TRUST <br /> <br />THIS DEED OF TRUST ("Security Instrument'.) is made on December 1, 1988 <br />19 88 . The trustor is Reginald G. Phelps and Patricia L. Phelps. each in his and her own <br />right, and as spouse of each other("Bnrrower"). The trustee is Earl O. Ahlschwede <br />("T rustee"). The beneficiary is <br /> <br />ThunederEtQUeilatwasbolfe Building and Loan Association . which is organized and existing <br />!h the State of Nebraska . and whose address is 113-115 North Locust <br />Street. Grand Island. Nebraska 68801 ("Lender"). <br />Borrower owes Lender the pnnclpal sum of Forty Thousand and no/ tOO -------------------------- <br />_____________________________ Dollars (U.S. 540.000.00 ). This debt is evidenced by Borrower's note <br />dated the same date as this Security Instrument r'Note"), which provides for monthly payments, with the full deb4 if nol <br />paid earlier. due and payable on December 1, 2003 <br />This Security Instrument secures 10 Lender: (a) the fepayment of the debt evidenced by the Note. with interest. and aU <br />renewals. exten!iions and modifications; (b) the payment of aU other sums, with interest, advanced under paragraph 7 to <br />protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this <br />purpose. Borrower irrevocably grants and conveys 10 Trustee. in trust, with power of sale. the foUowingdescnbed propeny <br />located in Hall County. Nebraska: <br /> <br />Lot Three (3). in Park Gardens Fourth Subdivision, in the City of Grand Island, Hall <br />County, Nebraska <br /> <br />which has the address of 1904 Stolley Park Circle <br />(Street) <br /> <br />Grand Island <br />ICltyl <br /> <br />Nebraska <br /> <br />68803 <br />(Lp Codej <br /> <br />("Property Address"); <br /> <br />TOGETHER WITH all the improvements now or hereafter erected on the propeny, and all easements, rights, <br />appunenances. rents, royalties. mineral, oil and gas rights and profits, waler righls and stock Ilnd all fixtures now or <br />hercaner a pan of the property. All replacemcnlx. and additions shall also be covered by this Security Instrument. All oflhe <br />foregoing is referred 10 in this Security Instrumen~ as the '"Properly." <br /> <br />BoRROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the righl to granl <br />and convey Lhe Propeny and that the Property is unencumbered, exccpt for encumbrances of record. Borrower wammts <br />and will defend generally Ihe title to the Propeny against all claims and demands, subject to any encumbrances of record. <br /> <br />THIS SECURITI' INSTRUMENT combines uniform covenanls for national use and non.unifonn cm.enanb with <br />hmned v..rialions by junsdic1ion 10 con~titule a unifonn security instrument covenng real proper1Y <br /> <br />NEBRASKA-Smllt' ~ amlly-FHMA' fHLMC UNIFORM INSTRUMENT <br /> <br />rorm 3028 12/83 <br /> <br />........,... <.... ,-;lQ.. . t.>!, IIi 1~,"~1 '.~, I, ~"'-1', ,,~. <br />1.aD0-2!1:1.-wI~lIln""'. ...., '''''' 1-MlO.,:II.....U <br />