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[SV+« Above This Lino For aacorarq Dahl PVT DEED OF TRUST THIS DEED OF TRUST ( "Security Instrument ") is made on October 7 Q 1987 .Thetrustoris Douglas L. Somerhalder and Sharon J. Somerhalder, husband and wife ("Borrower"). The trustee is Arend R. Baackt Attorney �j At Law ( "Trustee'). The beneficiary is Home Federal Savings and Loan Association of Grand Island which is organized and existing ( the laws of Nebraska and whose address is 221 South Locust, P. D. Box--1009, -Grand Island, Nebraska 68802 ( "Lender "). -\Borrower owes l.ender the principal sum Of Twenty Fiv Th s d and 00/100 -------------------- ------------------------ Dollars(U.S.$ N5,OSa.88 ). This debt is evidenced by Borrower's note V dated the same date as this Security Instrument ( "Note "), which provides for monthly payments, with the full debt, if not id earlier, due and payable on 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 located in Hall County, Nebraska: ALL OF LOT FOURTEEN (14) AND THE WEST HALF (WJ) OF LOT THIRTEEN (13), DEAN'S SUBDIVISION OF LOT SIX (6) OF FAIRACRES SUBDIVISION, BEING IN SECTION THREE (3), IN TOWNSHIP ELEVEN (11), NORTH, RANGE NINE (9) WEST OF THE 6TH P.m., HALL COUNTY, NEBRASKA. which has the address of RR 3 BOX 5A GRAND ISLAND [street) [CRY) Nebraska 68801 (zip code! ( "Property Address "); TOGETHER WITH all the improvements now or hereafter erected on the property, and all casements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants arid will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. NEBRAMA- •- -smoe F—dy- =FNMA /fNLMC UINi®IfM INSTRUMENT torn+ 3028 13/83 �j