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<br />88- 106717 <br /> <br />Is,.. .Abon ThIs Line For "ecordIna Dab] <br /> <br />DEED OF TRUST <br /> <br />THIS DEED OF TRUST ("Security Instrument"lls made on December 5 w <br />1988 . The trustor is Duane P. Versaw and Myra L. Versaw f Husband and Wife <br />("Borrower"l. The trustee is AREND R. BAACK, attom., ("Trustee"), <br />Tho beneficiary ie HOME FEOERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA, which is <br />organized and eDsting under the laws of NEBRASKA, and whose addrell ia 221 South Locust. Grand laland, Nebnaab <br />_1 ("Lender"I, <br />Borrowerowes Lender the principal sum of Ten Thousand Five Hundred Fifty TwO and 14/100---- <br />------------------,-----------Dollars (U.S. S 10,552 . 14 ). Thi.debt is evidenced by Borrower's note <br />dated the same date as lhis Security Instrument ("Note"). which provides for monthly payments, with the fuD debt, if not <br />paid earlier, due and,payable "" January1, 1993 <br />Thi. Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and ell <br />rcncwaio, Clltensions and modiftcations; (b) the payment of ell otbcr sums, with interest, advanced under panIIlllph 7 to <br />protect the security oftbis Security Instrument; and (c) the perfonnance of Borrower's covenants and agreements. For this <br />purpose, Borrower irrevocably gnmts and convey. to Trustee, in lrust, with power of sale, the following described property <br /> <br />located in Hall County, Nebraska: <br /> <br />Lots Seventy One (71) and seventy TwO (72), in Belmont Addi tioD to the City of <br /> <br />Grand Island, Hall County, Nebraska. <br /> <br />which bas the addreu of <br /> <br />416 N. Carey <br />[5_1 <br /> <br />Grand Island <br />[Ollyj <br /> <br />NebtUka <br /> <br />68803 <br />lZJp Codol <br /> <br />TooETHEll WITH all the improvemenlS Rnw or hereafter erected on the property, and ell casements, righlS, <br />appwtenanceo, rcnll, royelties, mineral, oil and gu rigblS and profilS, Wlter rights and stock and ell fixtures now or <br />berafter a part of the property. All replacemenlS and addilions ,ball also be covered by tbis Secwity InstrumenL All ofthe <br />roreaoinlis referred to in this Security Instrument as the "Property." <br /> <br />BoUOWER COVENANTS that Borrower is IawfuUy seised of the estate hereby conveyed and has .he right to gran. <br />ODd COIIYCy the Property and that the Property ill uncm:umbored, ""copt ror eneumbranccs of record. Borrower warrants <br />ODd wiD defend aeneraUy the li1Ie 10 the Property apinst all c1aiJns and demands, subject.o any encumbrances of record. <br /> <br />TIns SECURITY INSTRUMENT combines uniCorm covenants for national use and non.unirorm. covenants with <br />limited variatiODl by jurisdiction to CODItitute. unil"orm. security instrument covering real property. <br /> <br />("Property Addreu"); <br /> <br />NE/JIlASIA-5In&Io FomIt,....nlIlA/FHI.IIC UIlIfDIIII tlll1llUlltllT <br /> <br />fDfm 3021 12 /13 <br /> <br />~~,_.. <br />'_"11 <br /> <br />T -'1 ~ I <br />'. \... <br />