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C= Mq- r, 1 L t: �Loz [EMce Above This tam For R«xMn[ Dahl — DEED OF TRUST TiIIS DEED OF TRUST ("Security Instrument ") is made on February 20 1986 Thetrustoris Lonnie D. Davis and Janeth C. Davis, Husband and Wife ("Borrower'). The trustee is D Norwest Bank Nebraska, National Association ("Trustee'). The beneficiary is Norwest Bank Nebraska, National Association which is organized and existing -4 under the laws of The United States of America and whose address is 7 P.O.Box 1768, Grand Island, Nebraska 68802 ( "Lender"). nBorrower owes Lender the principal sum of Seventy -five Thousand and no/100 --------------- -------------------------- Dollars (U.S. S 75,000.00 1 This debt is evidenced by Borrower's 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 March 1, 2001. This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications; (6) 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 Ball County, Nebraska: Lot Five (5), Block Nineteen (19), Charles Wasmer's Addition to the City of Grand Island, Hall County, Nebraska. which has the address of 1823 West Koenig Grand Island [Street) [c'tyi Nebraska 68801 ( "Property Address"); ibp Code) TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances. rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or hereafter apart 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." WAROWER 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 and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SUCURITY INSTRUMF*iT combines uniform covenants for national use and non - uniform covcnarin wnh limited vanationt by furnudicnon to constitute a uniform se runty instrument co, ering real property %I:, ,?IiGNF NE§R"KA. -',-sw .`am,4y._...iN44A /1`"LMC UNIFORM INSTRUIP NT ro,m 3028 12163