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<br /> � � FD OF TRUST
<br /> °�+ j?F
<br /> 9� �!
<br /> THIS DEED OF TRUST is pnade on this o�day of � • �1�• �.��
<br /> The Truswr is JONN W.SCHROEDER sud CAROL A.SCHRO ER, usband and Wife, �
<br /> whose address for purposes of notices in respect to tbis Deod of Trust is 4056 Zola Laae,Grand
<br /> Island,NE 68803 and is sometimes herein identified as Borrower. The Tnutae is AREND R.
<br /> BAACK,Attorney at I.aw and mcmber of the Nebraslca Staie Har Association,whost address is
<br /> P.O.Hox 790,Gtand Island,NE 68$82-0790. The Beaeficiary is GRAND ISY.AND FIIJANCfi
<br /> CpMppTiY,whose address is 204 North Walnut Street,P.O.Box 1164,Grand Island,NE
<br /> 68802-1164 and is sometiraes henia identified as Lender.
<br /> BORROWER 1RREVOCABLY CONVEYS TO TRUSTEE,IN TRUST,WIT'H
<br /> POWER OF SALfi,THE FOLLOWING:
<br /> Lot Seventeeu(1�,R&H Subdivision,City of Grand Islaad,Hall County,
<br /> Nebraska;
<br /> TOGETHER WITH ALL THE RENTS AND PROFITS THEREFROM AND SUBJECT'1'O
<br /> FASEMEI�ITS AND RESTRICTIONS OF RECORD,IF ANY.
<br /> John W.Schmeder,as of Novanber 5,1996,owes Lender the totat sum of ONE
<br /> I�?T.P.�!?�.�L�'!�iRT'RF.N TF�(�i 1SAND FOUR HUNDRED THIRTY-ONE AND 841i a0
<br /> DOLLAItS($113,431.84)evidenced by thosc Simple Intet�:I�otes,Disclosure and Security
<br /> Agreemeats identified as follows:
<br /> (a) A Simple Interest Note,Disclosure and SecuritY�►8reement d�ted
<br /> March 2$,1996 in the o�iginal principal amount of ThirC�Nine Thousand Seven
<br /> Hundred Niu+ety-One and 25/100 Dollars(S39,791.25)havuig a stated maturits►
<br /> date of Octo�er 10,1999;
<br /> (b) A Simple Interest Note,IJisclosure aad Security Agroement dated
<br /> 1��iarch 13,1995 in the original principal amount ctf Thirty'Ihousand and No1100
<br /> Dollars(�3Q,000.00)with a statcd osiginal matudty date of September 13, 1995 as
<br /> thereafttr extended;
<br /> (c) A Simple Interest Note,Disclosure aad Security Agi�eement dated
<br /> April 3,1995 in the ohginal principal amount of Twenty-One Thousan�t�ight
<br /> Hwuked Forty aad 33lI00 Dollars(521,840.33)with a stated maturity date of
<br /> = October 3,1995 as the same may be ihereafter exten.ied;aad
<br /> - (d) A Simple Interest Note,Disclosure aad Security Agreement dated
<br /> - February 14,1995 in the original principal amount of Ten T6ousand Three
<br /> Hundre,d Sevaity-Six and 68/100 Dollars(510,376.68)with a stated maturity date
<br /> of August I4,1995 as thaeafter extended; �
<br /> - (hereinafter referra.3 to as"Dcbt").
<br /> This Deed of Tnut secures to Lender the Debt ewidenced by said Notes,ttie paymeat of
<br /> - a(1�ott�er sums,wit3 interest,advanced under the provisions herea�f�r to prot�ect the secunty and
<br /> the petformance of Borrower's covenants aad agreements.
<br />�� Boreower covenants that Bonower is lawfu�ly seised of such real estate and has the legal
<br /> � power and lawful authority to convey the same and waaants and will defenci tifle to the real
<br /> estate against the lavuful claims of all persons.
<br />;� BORROWER AND LENDER AGREE AS FOLLOWS:
<br /> � 1. Bonower shall pay when due,the principal and interest as pravided in said Note.
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