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87- 100450
<br />is Above This tine For Recording Data]
<br />DEED OF TRUST
<br />THIS DEED OF TRUST ( "Security Instrument ") is made on .. �anUi3AY. 2X............ I ............ .
<br />19..87... The trustor is .. RLCbard.W.. Qailey and .Bel -Rice. M. Bailey— .boS ..ano. _dnd, wife_,,,....
<br />............... . ...................... (' Borrower). The trustee is ....Fdl'RlerS. Stilt ?..�d[lk ,and, , , , , , .
<br />...Trust. Coroparly..of. Superl.Ar ........... ............................. "'Trustee"). The beneficiary is
<br />... Farmers .Stats .Bank .ard..T.rust .Company. saf.. Suueri o.r, ........ I .. , which is organized and existing
<br />under the laws of .. the. State. af, .NebraSkA ..... , and whose address is ....41 1. Natz.onal � .............
<br />...Superiar.,.Nebraska ................................. ............................... "Lender',.
<br />Borrower owes Lender the principal sum of .... F.ifty. thousand ........... ............................... .
<br />. . .. . . . . . . ....................... [pillars (L'.S. S. _ .50,MQ OQ .... ?. This debt is evidenced by Borrower's note
<br />dated the same date as this Security Instrument ( "Note "), which provides for monthly payments, with the full debt, if not
<br />paid earlier, due and payable on ... February..1.,..2002 .... ............................... I ......... _ .....
<br />This Security Instrument secures to Lender: ia) the repayment of the debt evidenced by the Dote, with interest, and all
<br />renewals, extensions and modifications; (b) the payment of all other sums, with interest, advanced under paragraph _ ut
<br />protect the security of this Security Instrument-, and (c1 the performance of Borrower's covenants and agreements. For this
<br />purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property
<br />located in ..................... �i Pl11.................................................. (aunty. Nebraska:
<br />Lot Four (4), in Block Twenty One (21), of Palmer's Subdivision, of Lot Seven
<br />(7), of the County Subdivision of the Southeast Quarter of the Southwest
<br />Quarter (SE1 /4 SW1 /4) of Section Sixteen (16), Township Eleven (11) North,
<br />.Range Hine (9) West of the 6th P.M., in Grand Island, Hall County, Nebraska.
<br />which has the address of ...... ,1 ... 421 W First Grand I s 1 .;ee .................... ...... .........................and ...... .
<br />[Stt reet) ICtty)
<br />Nebraska ........68$O1 1'roprrr} Adders, '),
<br />..................
<br />IZ,p Code)
<br />T06LTHER WITH all the imprtnrmeots no% or hercatter crtmed on the pntperty, and all easements, rights,
<br />appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixnirt-s now or hereafter
<br />a part of the property. All replacements and ad•.3it ions shall also by (o%t:t •d b] this Sccunt) 1 nsiruntcnt All of the ioregoing is
<br />referred to in this Security Instrument as the Property'
<br />BORROWER COV LNANT�, that Borr,ucr n L +wfully .ciscd o1 the estate he re-L• r.rtt <cgcd and ha, the r: hi to r.rx
<br />andconvey the Propertyand that the Propertyaunrnwmtxrrd , r a]tforenuunbrJntr-1rt —td B,irt- tta:n.nts.111,1
<br />will delend generally cite riflu u: the l'rofxrty against all tI nil ::nd t4rntan,ls. suhlet+ 1-111t cr.ttnnM.uttr - +t
<br />l'f31S�3.(IiRITYIN�,"llii IdiNi:,,na,:nr,:;nsl.r : n.,,ttn.,n'
<br />innnrd:ar+ scants,+ ioclrrt sd:cu:mtut..,:,�.�•,.,c.,,.n:l -n;,,.,..nn �•,.:., .:n,:,��.-. �, ,..� L�rr,
<br />NEBRASKA- ,:o-• Fa+r , -FNMA FHLMC UNIFORM INSTRUMENT Form 3C128 1? 83
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