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which has the address of 322 North Clark Grand Island
<br />[street] (city)
<br />Nebraska 68801 ( "Property Address ");
<br />[Zip Code)
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights,
<br />appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or
<br />hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the
<br />foregoing is referred to in this Security Instrument as the "Property."
<br />LBOR towER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant
<br />and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants
<br />and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with
<br />limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />NEBRASKA — Single Famdy— FNMA /FNUtC UNIFORM INSTRUMENT Form 3028 12/83
<br />Form 1915
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<br />VJ/
<br />Z
<br />i
<br />(Space Above This tie For Recording Data]
<br />DEED OF TRUST
<br />_ THIS DEED OF TRUST ("Security Instrument ") is made on December 3
<br />_
<br />19 87 .Thetrustoris William J. Gordon and Deborah A. Gordon, Husband and Wife------ -
<br />------------------------- - - - - -- ("Borrower"). The trustee is Arend R. Baack, Attorney
<br />--------------------------------- --- -- ----- ----- ------- - - - - -- ( "Trustee "). The beneficiary is
<br />Home Federal Savings and Loan Association of Grand Island which is organized and existing
<br />under the laws of Nebraska and whose address is 221 South Locust
<br />Grand Island, Nebraska 68801 ("Lender").
<br />Borrower owes Lender the principal sum of Eighteen Thousand, One Hundred seventy five and no
<br />/ 100 ------------- ------------ Dolhus (U.S. S 18,175.00 ). This debt is evidenced by Borrower's note
<br />dated the same date as this Security Instrument ( "Note "), which provides for monthly payments, with the full debt, if not
<br />paid earlier, due and payable on January 1, 2008
<br />This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all
<br />renewals, extensions and modifications; (b) the payment of all other sums, with interest, advanced under paragraph 7 to
<br />protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this
<br />purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property
<br />located in Hall County, Nebraska:
<br />-m -
<br />The North Seventy Two (72) Feet of Fractional Lot One (1) in Fractional Block Eleven
<br />(11), Arnold and Abbott's Addition to the City of Grand Island, Hall County, Nebraska,
<br />and its complement, to -wit: Fractional Lot One (1) in Fractional Block One Hundred
<br />Nineteen (119), in Railroad addition to the City of Grand Island, Hall County,
<br />Nebraska.
<br />b
<br />which has the address of 322 North Clark Grand Island
<br />[street] (city)
<br />Nebraska 68801 ( "Property Address ");
<br />[Zip Code)
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights,
<br />appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or
<br />hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the
<br />foregoing is referred to in this Security Instrument as the "Property."
<br />LBOR towER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant
<br />and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants
<br />and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with
<br />limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />NEBRASKA — Single Famdy— FNMA /FNUtC UNIFORM INSTRUMENT Form 3028 12/83
<br />Form 1915
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