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DEED OF TRUST
<br />87---103945
<br />18
<br />ST is made this day Kenneth Rabe and Deby a June
<br />orh D. Rabe; husband and wife,
<br />,, Wo r " Borrower" ), Firmer Bank; Nam Assoclatim,
<br />Herein "Trustee"), and Beneficiary, Firalier Bank. National Association Omaha, Nebraska, a
<br />ad and existing under the laws of The United States of America, whose address is 1700
<br />he, Nebraska, 68102-2193 (herein "Lander ").
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein prestsd, irrevocably
<br />grants and conveys to Trine, in trust, with power of sale, the following described property located In the County
<br />of Hall State of Nebraska:
<br />Lot Fifteen (15), Western Heights Second Subdivision, in Hall County,
<br />Nebraska
<br />Subject to Mortgage of Record to First Federal of Lincoln, in the
<br />amount of $25,500.00 filed as Document No. 76- 007182 on December 15, 1976
<br />in Hall County, Nebraska
<br />which has the address of 4225 Lariat Lane Grand island
<br />Nebraska 68803 Mine) art
<br />4111ft ow ZV caft (herein "Property Address ");
<br />TOGETHER with all the improvemmnts now or hereafter erected on the property, and all easements, rights,
<br />appurftnances, rents (subject however to the rights and authorities given herein to Lender to collect and apply
<br />such rents] royalffilm mineral. oil and gas rights and pro6tss water, water rights, and water stock, and all fixteres
<br />now or hereafter attached to the property, all of which, including replacements and additions thereto, shall be
<br />deemed to be and remain a part of the property covered by this Deed of Trust; and all of the foregoing, together
<br />w0h said property (or the leasehold estate it this Deed of Trust is on a leashold) are herein referred to as the
<br />"
<br />TO S,ECURE to LENDER (a) the repayment of the indebtedness evidenced by Borrower's note dated
<br />Jvm .
<br />18. 1987, otsrein "Note "), in the prkxgpel sum of Sixteen Thousand and no /100 - -
<br />lb • ) -- - - - - - - - Dotes, with Interest thereon, providing for monthly installments
<br />ef. oaf interest, with the balance of the' if not sooner paid, due and payattle on
<br />nation . ; the payment of at other sums, with interest thereon, advanced
<br />in accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and
<br />agreements of Sormw herein • and at renewals, extensions and modifications thereof; and (b) the
<br />et? anyfksure ate. with interest in thereon. made to Borrower by tender pursuant to pptagraph 21
<br />hersoR "Future Advances").
<br />BORROWER covenants that Borrower is lawfully seized of the estate hereby conveyed and has the right to
<br />great and convey the Prop". that the Property is unencumbered. and that Borrower will warrant and depend
<br />the to the Property aqamst all claims and demairids, subject to any declarations, easements or
<br />restrictions Rated in a schedule of exceptions to coverage in any title insurance policy insuring tender's interest
<br />to the
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