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87-.. 102736 <br />(SP-1 Abm nw tar For mawr,a Dais) <br />DEED OF TRUST <br />THIS DEED AF TRUST ( "Security InMMnMt ") ij made on MAY 15, <br />1987 -ThetnwOris JAY G. DAVIS AND DEBRA H. DAVIS, HUSBAND AND WIFE <br />ST BANK NEBRASKA, NATIONAL ASSOCIATION The trustee is . <br />NORMEST BANK NEBRASKA, NATIONAL ASSOCIATION ("Trustee"). organized yg <br />ta�thohlrrsof The United States of America ,and whose address is 'which isorganixedandexisting <br />2O2 WEST THIRD STREET, GRAND ISLAND, NEBRASKA 68801 <br />Borrower owe$ testder the Principal sum of ( "Lender "). <br />THIRTY SEVEN THOUSAND TWO HUNDRED FIFTY AND 00 D0 -- <br />----------------------------- Dollars (LI.S. S 37,250.00 ). This debt is evidenced by Borrower's cute <br />dated the atwse date" this Security Instrument ( "Note,% which provides for monthly payments, with the full debt, if not <br />P� °surlier, due and Payabe on JUNE 01, 2017 <br />T1'k Security I secure$ to Lender; (a) the repayment of the debt evidenced by the Note, with interest, and all <br />and Modifications. (b) the payment of all other sums, with interest, advanced under paragraph 7 to <br />P+otect the security of this Security Instrn`; and (c) the performance of Borrower's covenants and agreements. For this <br />Pwvwe. Borrower idly grants and conveys to Trustee. intrust, with power of sale, the following described Property <br />locaw h, HALL <br />County, Nebraska: <br />LOT EIGHTEEN (18), IN BLOCK ONE (1), IN KOEHLER PLACE, AN ADDITION TO THE <br />CITY Of GRAND ISLAND, HALL COUNTY, NEBRASKA. <br />In the event this loan is not guaranteed by the VA within 120 days <br />after settlement, the entire outstanding balance due on this mortgage <br />may be declared due and Payable at the option of the mortgagee. <br />This is a Purchase money mortgage. <br />