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NIS 1t89NC K /4--so" Fam+tyb4wA /Fmj*c u11 om wituMErsy Farm 3 028 12183 a t" I—$,- 41 , W1 ) i' r? ' i TsP (8PK* mew n" Line For "SCOMV 1 "IM) DEED OF TRUST _ THIS DEED OF TRUST ( "Security Instrument") is made on April 14 - 19 87 .Thetrustoris Dean M. Olson and Sandra K. Olson, husband and wife ( "Borrower'). The trustee is Norwest Bank Nebraska, National Association ("Trustee"). The beneficiary is Norwest Bank Nebraska, National Association which is organized and existing underthelawsof The United States of America and whose address is 202 West Third Street, Grand Island, Nebraska 68801 ('Lender'). Borrower owes Lender the principal sum of Forty –five Thousand and no/100ths------------------ ------------------ ___ - -- Dollars (U.S. S 45,000.00 ). This debt is evidenced by Borrowers note dated the same date as this Security Instrument ( "Note "), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on May 1, 2002. This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property ktcated in Hall County, Nebraska: The South Seventy –four (74) Feet of Lot Four (4) and the North Two (2) Feet of Lot Five (5) West Bel Air Fifth Subdivision, an Addition to the i City of Grand Island, Hall County, Nebraska. which has the address of 1721 South Curtis Grand Island Istrw] lacy) Nebraska 68803 ( "Property Address "); (zip co") TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights, rants, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or hereAcra part orthe property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in ibis Security Instrument as the "Property." &MLOWBR COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and Ivey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants i and will defend Swerally the title to the Property against all claims and demands, subject to any encumbrances of record. Tms Swttwy INSTRUMENT combines uniform covenants for national use and non- uniform covenants with 4 limited variations by jurisdiction to constitute a uniform security instrument covering real property. NIS 1t89NC K /4--so" Fam+tyb4wA /Fmj*c u11 om wituMErsy Farm 3 028 12183 a t" I—$,- 41 , W1 )