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<br /> . <br />;~ = C')(fl I <br />= 0.... <br /><=I c:> co <br />IT1 "".... <br />C"") ....'" co <br />..... ~ ;ifi~ I = <br /> :z:ml "..... [ <br />~ ~~~;;: <br />~f ::r <br />'" c.c ~ ..... <br /> <.M _.:: 0') <br /> U'I ~ .... i- <br />,..... _ This Uno Fa< R_ ....1 <br /> <br /> <br />~~. .~ DEED OF TRUST <br />t., l;:) -J CONSTRUCTION SECURITY AGREEMENT <br /> <br />J(~ ~ THIS DEED OF TRUST ("Security Ia'trumeat") I, mede oa December 12 <br />:: ~ ~ 19 88 . The trustor Is TOI1J11Y' 5 Inc. <br />~ '\ f-" ("Borrower"). The truetee is AREND R, BAACK, 1I\0m.y ("Trustee"). <br />K ~ ~ The beaefieiary ia HDME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA, whieh ia <br />~ . .:: t-- organized and existiag uader the iawe of NEBRASKA, aad wha.. addre.. I, 221 South Loculi, Grind 1"lI1d, N.lHukR <br />'" 0\. . ~ 88eOl ("Leader"). <br />~ ~rrowerowes Lender the prineipaIsum af Fifty Thousand and no/100------------------------- <br /><:::'.~ ----------------"--------- Dollars (U.S. S 50,000.00 ). Tbisdebt is evide",:edby Darrower',note <br />f. ~ dated the same date ..lbi. Security Instrument ("Note"). whicb provides for mouthly payments, witb tbe fnD debt, ifoot <br />\ paid earlier. due and payable on January 31, 1989 <br />This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all <br />renewals, extension. and modifications; (b) the payment of aU other sums, with interest, advanced under paragraph 7 to <br />prolect the security oftbis Security Instrument; and (c) the perfonnance ofDarrower's coveuants and agreements. For this <br />purpose, Borrower irrevocably grants and conveys to Trustee, in tru.~ with power of sale, the following described property <br />located in Hall County, NebraskR: <br /> <br />~""I <br />,..;: <br /> <br />Lot Fourteen (14) in 8lock Two (2). in Replat of Riverside Acres, an addition <br /> <br />to the City of Grand Island. Hall county. Nebraska, <br /> <br />Nebruka <br /> <br />68801 <br />(Zip Code) <br /> <br />Riverside Drive <br />[Street] <br />("Property Address"); <br /> <br />Grand Island <br />Ie,,,] <br /> <br />which has the address of <br /> <br />TOGETHER WmI alItbe improvements now or hereafter erected on tbe property, and all easements, rights, <br />appu_ rents, royaltl.., mineral, aU II1d go rights and profits, water rights and stock and all fi.tures now or <br />h.....ftcn part ofthepropeny. All ropla<:ements and Iddillons sIWI also be covered by this Security lastrument. All of the <br />forqoing ia referred to in thia Security Instrument.. the "Property," <br />BoIlllOWEIl COVENANTS that Borrower is ..wfnDy IOiaed of the estat. hereby conveyed and b.. the right to grant <br />and COIlvey lbe Property and Wtthe Property is unencumbered, except for encumbrances of record. Darrower warrants <br />and will defend gerterally the title to the Property apinst III cIaimI and demands, ,ubject to any encumbrances of record. <br />THI! SECURITY INSTRUMENT combines uniform covenanll for national use and nOR-uniform covenants with <br />limited vlriatlOOl by jurisdiction to COItItitute I unifonn security instrument covering real property. <br /> <br />NEBIlASKA-_ F~"""f1lLIIC UNlf_ INSnl\lII[IIT <br /> <br />Farm 3021 12113 <br /> <br />..~"'-,_. <br />,-.". <br />