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<br /> � CpRRFCTNE DEFn oF TRUST ��-�_��.
<br /> . _ .;,
<br /> -�_ � - .
<br /> TI IIS CORRECTNE DEED OF TRUST is made on this 25� daY of Mazch, 1997. The � . .� •',��.:�-
<br /> } � T'rustor is JOHN W.SCHROEDER and CAROL A.SCHROEDER,Husb3nd and Wife,whose � _ . �.���;-�;
<br /> address for purposes of notices in respect w this Deed of Tn�st is 4056 Zola Lane,Grand Island, : �-����,-._
<br /> �,g.�;,
<br /> • 3 NE 68803 and is sometimes herein identified as Borrower. The Trustee is AREND R.BA�►CK, . t:=---
<br /> :�.:=-."
<br /> Attorney at Law and member of the Nebraska State Bar Association,whose address is P.O.Hox ��- � �:•'9
<br /> 790,Grand Island,NE 68802-0790. The Beneficiary is GRAND ISLAND FINANCE � ' ��--,r�
<br /> COMPANY,whose address is 204 North Walnut Street,P.O.Box 1164,Grand Island,NE ';�. ��^-^
<br /> 68802-1164 and is somerimes herein identified as Lender. � �
<br /> . YS TO TRUST'EE,IN TRUST,WITH � , . .. . - -"�"...�.�
<br /> BORROWER IRREVOCABLY CONVE •_
<br /> POWER OF SALE,TI�FOLLOWING: �` _ �
<br /> . . J�' "
<br /> Lot Seventeen(1�,R&B Second Subdivision,City of Grand Island,Hall _ --
<br /> County,Nebraska; ..� � -
<br /> ';,�. ;:
<br /> G;x„�
<br /> TOGETHER WITH ALL TEiE RENTS AND PROFITS TI�REFROM AND SUBJECT TO r- �;� `�`�_
<br /> EASEMENTS AND RESTRICTIONS OF RECORD,IF ANY. � ;;; '`�
<br /> e , i.�:� :
<br /> ` John V✓.Schroeder,as of November 5, 1996,owes Lender the total sum of ONE "� �!��` _
<br /> r �
<br /> ; ; HUNDRED THIRTEEN THOUSAND FOUR HUNDRED TI-IIRTY-ONE AND 84/100 sr :
<br /> DOLLARS($113,431.84)evidenced by those Simple InterestNotes,Disclosure and Security ��,.-�� � i:�
<br /> Ageements identified as follows: �'' '
<br /> � �" > ..:.y.
<br /> i, ,. : � _:
<br /> (a) A Simple Interest Note,Disclosure and Security Agreement dated '�'°-�.,�.-
<br /> March 28, 1996 in the original principal amount of Thirty-Nine Thonsand Seven � .., %�'� -
<br /> .-�-�:
<br /> ' Hundred Ninety-One and 25/100 Dollars($39,791.25)having a stated maturity • ' ' ����.
<br /> .-n. . _
<br /> �_- "
<br /> - � date of October 10, 1999; `--` -
<br /> �:�e�.,�
<br /> .. ,. -_ ==
<br /> 1_� �_
<br /> (b) A Simple Interest Note,Disclosure and Security Ageement dated V,_ -•••_.,
<br /> Mazch 13, 1995 in the original principal amount of'I'hirty Thousand and No/100 ._,,,�=�'
<br /> :�.��•_
<br />� � Dollars($30,000.00)with a stated origmal maturity date of September 13,1995 as ;�;:,:,,,, .- -
<br /> . tl�ereaRer extended; , '�_ __ __
<br /> � ����
<br /> : �-�,-�-` _
<br /> �F��., --
<br /> � (c) A Simple Interest Note,Disclosure and Security Agreement dated � �:: :'�
<br /> Apri13, 1995 in the original principal amount of Twenty-One Thousand Eight ',. : ; ;� .
<br /> � Hundred Farty and 33/100 Dollazs($21,840.33)with a stated maturity date of �;,5 . ;,. ;.� �
<br /> October 3,1995 as the same may be thereafter extended;and . , :^�.,�..--
<br /> �--
<br /> � (d) A Simple Interest Note,Disclosure and Security�►greement dated _. _; .
<br /> ,: , February 14, 1995 in the original principal amount of Ten Tiiousand Three ., . . ,
<br /> Hundred Seventy-Six and 68/l00 Dollars($10,376.68)with a stated maturity date
<br /> � of August 14, 1995 as thereafter extended; . . �
<br /> ,� (hereinafter referred to as"Debt"). : . . �
<br /> This Deed of Trust secures to Lender the Debt evidenced by said Notes,the payment of � ' .
<br /> '' all other sums,with intecest,advanced under the provisions hereafter to protect the security and �
<br /> the performance of Borrower's covenants and ageements. .
<br /> Borrower covenants that Borrower is lawi'ully seised of such real estate and has the legal �
<br /> � � power and lawful authority to convey the same and warrants and will defend tide to the real .
<br /> • estate against the lawful claims of all gersons.
<br /> Borrower had previously executed a Deed of Trust dated November 8, 199b recorded as �.' --
<br /> Document No. 96-108861 which contained an incorrect legal descripiion and the purpose hereof :
<br /> is to conect such error. ��
<br /> � ` : �.
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