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DEED OF TRUST
<br />86- 107458
<br />THIt DEED OF TRUST is made this 24th day of December
<br />1 a 1he.Trustor,Jack E. Rasmussen & Joanne L. Rasmussen, husband & wife,Each
<br />Tics or Pier ov right & as spouse o" mein "Borrowee'), FirsTiier rank, National Association,
<br />Omaha. Nebraska, (herein "Trustee "). send Beneticiaq, FirsTier Bank, National Association, Omaha, Nebraska, a
<br />corporation organized and existing under the laws of The United States of America, whose address is 1700
<br />Famam Street, Omaha, Nebraska, 68102 -2183 ( herein "Lander ").
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably
<br />grants and conveysto Trustee, in trust with power of sale, the following described property located in the County
<br />Of Hall , State of Nebraska:
<br />Lot Two (2) and the Westerly one hundred eighty three and
<br />three tenths feet(183.3') of Lot Three (3) in R.W. Rasmussen
<br />Subdivision in the City of Grand Island, Hall County, Nebraska.
<br />Subject to Mortgage of Record to Home Federal Savings & Loan
<br />Association in the amount of $35,000.00 filed as
<br />Document #77- 006420 in Hall County, Nebraska
<br />which has the address of 2711 Riverside Drive Grand Island
<br />m"" COY)
<br />Nebraska 68801 (herein "Property Address ");
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<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights,
<br />appurtenances, rents (subject however to the rights and authorities given herein to Lender to collect and apply
<br />such rents), royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and all fixtures
<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 />with said property (or the leasehold estate if this Deed of Trust is on a leashold) are herein referred to as the
<br />'.Prey,.
<br />TO SECURE to LENDER (a) the repayment of the indebtedness evidenced by Borrower's note dated
<br />December 24, 1986 (herein "Note "), in the principal sum of Twenty eight thousand and
<br />of 100 (528.000.00)- ---- ------ Dollars, with interest thereon, providing for monthly installments
<br />L of principal and iinterest with the balance of the indebtedness, if not sooner paid, due and payable on
<br />3anuary 1, 1988 ; the payment of all 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 />agreemenls of Borrower herein contained; and all renewals, extensions and modifications thereof; and (b) the
<br />repayment of any future advances, with interest in thereon, madeto Borrower by Lender pursuant to paragraph 21
<br />hereof (herein "Future Advances ").
<br />BORROWER covenants that Borrower is lawfully seized of the estate hereby conveyed and has the right to
<br />grant and convey the Property, that the Property is unencumbered, and that Borrower will warrant and defend
<br />genwraily the Utle to the Property against all claims and demands, subject to any declarations, easements or
<br />restrictions listed in a schedule of exceptions; to coverage in any title msurance policy insuring Lender's imerest
<br />to the Propeller.
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