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DEED OF TRUST 85' 0040V7
<br />THIS DEED OFT RUST is made this ...... zoti{ . . ............... day of .. Auguat ............... ,
<br />among the Trustor. Lowell Y t ,Spencer, and ,Norma, M,., Spencer, Husbi;gcl .4110. >:?if.e .. • .... .
<br />. therein -Borrower") ............... ............
<br />F St, AAerIG>>�. �itke .Igt;pxilp e..Qcmpguy ................ (herein "Trustee"). and the Bene6ciarv,
<br />Security, ,Paci-fif, Finance, Corporation, , , , • • . . ................. . a corporation organized and
<br />existing under the lams of .. Ott .444 AP..Heb> SShB ..............................................
<br />whose address is ........... �� ?, rt>Est ,G$pfc�. A�Q .Grand. �x.land,Neb><aska .................. . .
<br />........... (herein "Lender ").
<br />BORROyvFR, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants
<br />and conveys to Trustee, in trust. with power of sale. the following described property located in the County of
<br />..... — . ....... Hall ........................ State of Nebraska:
<br />Lot 4 in block 2 of Gilbert's 2nd Addition to the City of Grand Island, Hall
<br />County, Nebraska
<br />which has the address of .819. 4d. 17th _Grand .Islam!, Nebraska .
<br />Nebraska ..... _ . 68801 fttcrctn' Pn,lxrtd Addrees")
<br />�, r -44";
<br />Tu,E`jwit with all the improvements t:ua ur hereafter erected on the prolx-rtc. and all ea%emrnt%. rights.
<br />appurtenances and rents Isubjrct however to the rights and authorities gtsrn herein to Lender to collect and apply such
<br />rents), all of which shall be deemed n, Ise and remain a part rd the property cosered Iw this teed of -1 rust: and all of
<br />the foregoing, together with said property for the leasrhofd estate it Ott% Ikcit of Trust is on a leasehold) are
<br />hereinafter referred to as the "property ":
<br />To SticuRF to tender the repayment of the indebtedness evidenced by Borrow s er note aced .... ......... .
<br />......... I ............ ..... . and extemaons and renewals thereof Iherern •"vote' i. to the principal sum of
<br />U.S. $ ... W17349 ..... ...... ..... with interest thereon, providing for monthly installments of principal and
<br />interest. wilh the balance of the indebtocinea, if not sooner paid. due and payable on .. august 26, . 1995....... :
<br />the payment of all other sums, sstth interest thereon, advanced to accordance herewith to protect the vecurity a.t this
<br />omd of'rrust: and t'ic performance of the covenants and agreements tit Borrower herein contained.
<br />Harrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and
<br />convey the Property, and that the Prop tty is uncncumbct•cd, except for encumbrances of record. Borrower covenants
<br />that Borr,nret warrants and will defend generally the title to the Property against all clatms and demands, %uhtect to
<br />encumbrance% of record.
<br />UNIMMM COVE.NAN I S Borrower and Louder cosenant and agree as tallow%:
<br />1. PaywM of Ptb►elpai mW Interval. Horrowet shall promptly pay when duc the principal and .merest
<br />indebtednes%evidenced by the Note and late charges as prenided in the Note.
<br />2. Fmrti W TOM 11" InwrMnel. Suhjecl to applicable law or a written waiver by t.euder. Borrower Shall pas to
<br />Lender on the day monthly payments of principal and Interest are payable undler the time. until the Note I% paid
<br />t in full, .a sum therein "rands ) e4uaf to one twcltth of the Neatly taxes and assrssmcnh lindluding condomtnntm and
<br />planned unit (1tvekrpmettt Asscasmcnis. It any) whbah may attain prroruv oser this Iced o1 I'rust. areal kround rents on
<br />the Properly, it any, plus one lwelfth rtt yrarlr premium imtallmctets tot Ilatard Insurance, phis oric twelfth of %earls
<br />trrrnrtum Instalintcrtt% tier• rnortgapar ensuranse tt tuts. alb is rrasnoah)s rstunated urrually and Iti'm time Ia, ums I'V
<br />t etuicr -n the t,Xsivot nserssmrnh And bills and tea% -w able rstnrnar -, s eharrot llorr.,wer ,hall nr-t I•r .+iwatcal to make
<br />some payments c+f Turns% Gn Laet,let ter lltc rvlcnt that Ilorruwer nr,tkes,ua.tr I-Jr 111euts to the 11011111 .1 a lart<,t n:aatc,j"Ir r,I
<br />deed e4 )rust it stskft holder is an rnsUltattarraal Irodcr .
<br />j(��l�)1 sq��. ��rvt >«. at 0s, IM/Ik F'�IIC IttIMWWItM iMSt lEtllll Mi
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