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87- 10178.4
<br />DEED OF TRUST
<br />This Deed of Trust is made this 1st day of Aoril , 197, by and among
<br />LYLE EDWARD RICHARDS & SUSAN C RICHARDS AND RAYMOND_T n1cphung &,1TF- XMTErR c 9n49na9R �tjrPbands
<br />hereinafter referred to as Trustor. whose mailing address is p O Box IS32� r,Ta ^d ¢+eves
<br />Island, NE AREND R. BAACK, Attorney at Law, hereinafter referred to as "Trustee,*
<br />whose mailing address is P. O. Box 790, Grand Island, Nebraska 66802; and H(W FEDERAL
<br />SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as *Beneficiary,*
<br />whose mailing address is 221 South Locust Street,.P. 0. Box 1009, Grand Islar.J, Nebraska
<br />68802. iP
<br />For valuable consideration, Trustor irrevocably grants, transfers, conveys and
<br />_ assigns to Trustee, in trust, with power of sale, for the benefit and security of Bem-
<br />ficiary, under and subject to the terms and conditions of this Deed of Trust, the fol-
<br />lowing described property, located in HALt County, 1"raska, to -wit:
<br />LOT TWENTY (2), EXCEPT THE NORTHERLY ONE (1) FOOT THEREDF; ALL IN HOLCOMB'S HIGHWAY H19MES9
<br />A SUBDIVISION OF PART OF THE NORTHEAST QUARTER OF THE NORTHEAST QUARTER (NE4NE41) AND PART
<br />OF LOT FOUR(4), MAINLAND, ALL IN SECTION TUENTY -EIGHT (28), TOWNSHIP ELEVEN (11) NORTH,
<br />RANGE NINE (9) WEST OF THE SIXTH PRINCIPAL MERIDIAN, HALL COUNTY, NEBRASKA.
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways.
<br />easements, rights, privileges and appurtenances located thereon or in any way pertainim
<br />thereto, and the rents, issues, profits, reversions and the remainders thereof, irrlud-
<br />ing all such personal property that is attached to the improvements so as to constitute
<br />a fixture, all of which, including replacements and additiors thereto, are hereby de-
<br />clared to be a part of the real estate conveyed in. trust hereby, it being agreed that
<br />all of the foregoing shall be hereinafter referred to as the *property.*
<br />FOR THE PURPOSE OF SECURING:
<br />(a) the payment of indebtedness evidenced by Trustor's note of even date herewith
<br />in the principal sum of ONE HUNDRED THOUSAND FIVE HINW12 AND wr,, ,
<br />(S 100,SOD.00 ). together with the balance of such indebtedness, if not so".,
<br />paid, due and payable on April 1 , 2M2 with in=terest at the rate or rates
<br />provided therein, along with the payment of all other =ups, with interest thereon..
<br />advanced in accordance herewith to protect the security of this Deed of Trust,
<br />together with the principal and interest or any future advance as evidenced by
<br />promissory notes stating they are secured hereby, and any and all renewals. andifi --
<br />cations and extensions of such notes, both principal and interest or the notes
<br />being payable in accordance with the terms set forth therein., which by this refer-
<br />ence is hereby made a part hereof. The holder hereof shall have the optionn, to
<br />accelerate the maturity of the rote for which this mortgage is given as security,
<br />at any time after the 5th loan year after first giving the undersigned or
<br />the then owner of the premises described herein a written notice three months
<br />in advance of its intent to do so. At no time shall the principal amount of the
<br />indebtedness secured by this Deed of Trust, not including sums advanced in accord -
<br />ance herewith to protect thesecurity of the Deed of Trust, exceed the original
<br />amount of the note plus S NA
<br />a
<br />(b) the performance of each agreement and covenant of Trustor herein contained;
<br />and
<br />(c) the payment of any sum or sums of money which may be hereafter paid or advanced
<br />by Beneficiary under the terms ofthis Deed of Trust, together with interest thereon-
<br />at the rate provided in. the note.
<br />To protect tt+e security of this Deed of Trust, Trustor hereby covenants and agrees
<br />as follows:
<br />'Q.'
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